GIL CONSTRUCTIONS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GIL CONSTRUCTIONS
Largest movements
- Stocks and contracts -€1.3m
down €1.3m (-99.2%), from €1.3m to €10,000
- Receivables within one year +€538,980
up €538,980 (+251%), from €214,346 to €753,326
of which Trade receivables: +€597,683
- Cash +€159,976
up €159,976 (+55.4%), from €288,977 to €448,953
mainly Stocks and contracts (+€1.3m) and Depreciation (+€46,306)
- Other debts -€460,395
down €460,395 (-42.8%), from €1.1m to €614,605
- Trade debts -€167,609
down €167,609 (-60.9%), from €275,352 to €107,743
- Reserves +€29,611
up €29,611 (+7.0%), from €420,096 to €449,708
- Write-downs +€90,000
new in 2026: €90,000
- Taxes -€28,781
down €28,781 (-76.7%), from €37,505 to €8,724
- Staff costs +€12,186
up €12,186 (+4.7%), from €256,655 to €268,841
- Financial charges +€7,258
up €7,258 (+228%), from €3,184 to €10,442
- Depreciation +€7,207
up €7,207 (+18.4%), from €39,098 to €46,306
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,939,914 | €1,346,950 | -€592,965 | -30.6% |
| Fixed assets | 21/28 | €105,893 | €117,502 | +€11,609 | +11.0% |
| Tangible fixed assets | 22/27 | €105,769 | €117,378 | +€11,609 | +11.0% |
| Plant, machinery and equipment | 23 | €69,674 | €43,103 | -€26,572 | -38.1% |
| Furniture and vehicles | 24 | €36,094 | €74,275 | +€38,180 | +106% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €1,834,022 | €1,229,448 | -€604,574 | -33.0% |
| Stocks and contracts in progress | 3 | €1,312,935 | €10,000 | -€1.3m | -99.2% |
| Stocks | 30/36 | €1,312,935 | €10,000 | -€1.3m | -99.2% |
| Amounts receivable within one year | 40/41 | €214,346 | €753,326 | +€538,980 | +251% |
| Trade receivables | 40 | €92,307 | €689,990 | +€597,683 | +647% |
| Other amounts receivable | 41 | €122,040 | €63,336 | -€58,704 | -48.1% |
| Cash at bank and in hand | 54/58 | €288,977 | €448,953 | +€159,976 | +55.4% |
| Deferred charges and accrued income | 490/1 | €17,763 | €17,169 | -€594 | -3.3% |
| Total equity and liabilities | 10/49 | €1,939,914 | €1,346,950 | -€592,965 | -30.6% |
| Equity | 10/15 | €438,696 | €468,308 | +€29,611 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €420,096 | €449,708 | +€29,611 | +7.0% |
| Distributable reserves | 133 | €420,096 | €449,708 | +€29,611 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €127,457 | €127,457 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €127,457 | €127,457 | = | 0.0% |
| Pensions and similar obligations | 160 | €127,457 | €127,457 | = | 0.0% |
| Amounts payable | 17/49 | €1,373,761 | €751,185 | -€622,576 | -45.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,372,306 | €741,737 | -€630,569 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €275,352 | €107,743 | -€167,609 | -60.9% |
| Suppliers | 440/4 | €275,352 | €107,743 | -€167,609 | -60.9% |
| Taxes, remuneration and social security | 45 | €21,955 | €19,389 | -€2,566 | -11.7% |
| Taxes | 450/3 | €1,790 | €1,404 | -€386 | -21.6% |
| Remuneration and social security | 454/9 | €20,165 | €17,986 | -€2,179 | -10.8% |
| Other amounts payable | 47/48 | €1,075,000 | €614,605 | -€460,395 | -42.8% |
| Accrued charges and deferred income | 492/3 | €1,455 | €9,448 | +€7,993 | +550% |
| Remuneration, social security and pensions | 62 | €256,655 | €268,841 | +€12,186 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,098 | €46,306 | +€7,207 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €90,000 | +€90,000 | |
| Other operating charges | 640/8 | €15,594 | €10,094 | -€5,500 | -35.3% |
| Non-recurring operating charges | 66A | - | €1,570 | +€1,570 | |
| Gross operating margin | 9900 | €462,553 | €464,605 | +€2,052 | +0.4% |
| Operating profit (loss) | 9901 | €151,206 | €47,795 | -€103,411 | -68.4% |
| Financial income | 75/76B | €36 | €983 | +€947 | +2,626% |
| Recurring financial income | 75 | €36 | €983 | +€947 | +2,626% |
| Financial charges | 65/66B | €3,184 | €10,442 | +€7,258 | +228% |
| Recurring financial charges | 65 | €3,184 | €10,442 | +€7,258 | +228% |
| Profit (loss) for the period before taxes | 9903 | €148,058 | €38,336 | -€109,722 | -74.1% |
| Income taxes | 67/77 | €37,505 | €8,724 | -€28,781 | -76.7% |
| Profit (loss) for the period | 9904 | €110,553 | €29,611 | -€80,941 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,553 | €29,611 | -€80,941 | -73.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.