Gil-II-Sons: 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-II-Sons
Largest movements
- Tangible fixed assets +€283,111
up €283,111 (+6.7%), from €4.2m to €4.5m
of which Land and buildings: +€291,436
- Receivables within one year -€114,055
down €114,055 (-24.3%), from €468,984 to €354,929
of which Other amounts receivable: -€263,512
- Cash +€51,787
up €51,787 (+51.1%), from €101,319 to €153,106
mainly Net result for the year (+€322,347) and Depreciation (+€222,036)
- Reserves +€108,347
up €108,347 (+4.5%), from €2.4m to €2.5m
of which Distributable reserves: +€108,347
- Debts after one year +€58,121
up €58,121 (+3.3%), from €1.8m to €1.8m
- Other debts +€54,107
up €54,107 (+30.9%), from €174,919 to €229,027
- Gross operating margin +€67,450
up €67,450 (+10.2%), from €658,854 to €726,304
- Depreciation -€50,057
down €50,057 (-18.4%), from €272,092 to €222,036
- Staff costs -€34,407
down €34,407 (-80.3%), from €42,851 to €8,443
- Financial charges +€27,136
up €27,136 (+71.0%), from €38,219 to €65,355
- Taxes +€25,459
up €25,459 (+95.6%), from €26,631 to €52,090
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,795,388 | €5,014,545 | +€219,157 | +4.6% |
| Fixed assets | 21/28 | €4,220,200 | €4,503,246 | +€283,046 | +6.7% |
| Tangible fixed assets | 22/27 | €4,219,801 | €4,502,912 | +€283,111 | +6.7% |
| Land and buildings | 22 | €4,161,679 | €4,453,115 | +€291,436 | +7.0% |
| Plant, machinery and equipment | 23 | €45,515 | €39,987 | -€5,528 | -12.1% |
| Furniture and vehicles | 24 | €497 | €0 | -€497 | -100% |
| Other tangible fixed assets | 26 | €12,110 | €9,810 | -€2,300 | -19.0% |
| Financial fixed assets | 28 | €399 | €334 | -€65 | -16.3% |
| Current assets | 29/58 | €575,188 | €511,299 | -€63,888 | -11.1% |
| Amounts receivable within one year | 40/41 | €468,984 | €354,929 | -€114,055 | -24.3% |
| Trade receivables | 40 | €133,617 | €283,074 | +€149,457 | +112% |
| Other amounts receivable | 41 | €335,367 | €71,855 | -€263,512 | -78.6% |
| Cash at bank and in hand | 54/58 | €101,319 | €153,106 | +€51,787 | +51.1% |
| Deferred charges and accrued income | 490/1 | €4,884 | €3,264 | -€1,620 | -33.2% |
| Total equity and liabilities | 10/49 | €4,795,388 | €5,014,545 | +€219,157 | +4.6% |
| Equity | 10/15 | €2,525,678 | €2,634,025 | +€108,347 | +4.3% |
| Contributions | 10/11 | €110,540 | €110,540 | = | 0.0% |
| Reserves | 13 | €2,415,138 | €2,523,485 | +€108,347 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,869 | €18,869 | = | 0.0% |
| Distributable reserves | 133 | €2,396,269 | €2,504,615 | +€108,347 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,269,710 | €2,380,521 | +€110,811 | +4.9% |
| Amounts payable after more than one year | 17 | €1,770,258 | €1,828,379 | +€58,121 | +3.3% |
| Financial debts | 170/4 | €1,770,258 | €1,828,379 | +€58,121 | +3.3% |
| Amounts payable within one year | 42/48 | €499,451 | €549,779 | +€50,328 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €195,361 | €224,504 | +€29,143 | +14.9% |
| Trade debts | 44 | €124,021 | €93,556 | -€30,465 | -24.6% |
| Suppliers | 440/4 | €124,021 | €93,556 | -€30,465 | -24.6% |
| Taxes, remuneration and social security | 45 | €5,150 | €2,692 | -€2,458 | -47.7% |
| Taxes | 450/3 | €136 | €2,692 | +€2,556 | +1,874% |
| Remuneration and social security | 454/9 | €5,014 | €0 | -€5,014 | -100% |
| Other amounts payable | 47/48 | €174,919 | €229,027 | +€54,107 | +30.9% |
| Accrued charges and deferred income | 492/3 | - | €2,362 | +€2,362 | |
| Remuneration, social security and pensions | 62 | €42,851 | €8,443 | -€34,407 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,092 | €222,036 | -€50,057 | -18.4% |
| Other operating charges | 640/8 | €30,195 | €31,059 | +€864 | +2.9% |
| Non-recurring operating charges | 66A | - | €27,877 | +€27,877 | |
| Gross operating margin | 9900 | €658,854 | €726,304 | +€67,450 | +10.2% |
| Operating profit (loss) | 9901 | €313,716 | €436,889 | +€123,173 | +39.3% |
| Financial income | 75/76B | €5,277 | €2,902 | -€2,375 | -45.0% |
| Recurring financial income | 75 | €5,277 | €2,902 | -€2,375 | -45.0% |
| Financial charges | 65/66B | €38,219 | €65,355 | +€27,136 | +71.0% |
| Recurring financial charges | 65 | €38,219 | €65,355 | +€27,136 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €280,775 | €374,436 | +€93,662 | +33.4% |
| Income taxes | 67/77 | €26,631 | €52,090 | +€25,459 | +95.6% |
| Profit (loss) for the period | 9904 | €254,143 | €322,347 | +€68,203 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €254,143 | €322,347 | +€68,203 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.