GILANCE 2.0: 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.
GILANCE 2.0
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+219.2%), from €553,433 to €1.8m
- Cash -€314,340
down €314,340 (-59.7%), from €526,517 to €212,177
mainly Stocks and contracts (-€1.2m) and Investment in fixed assets (net) (-€332,284)
- Tangible fixed assets +€145,975
up €145,975 (+167.3%), from €87,251 to €233,225
of which Other tangible fixed assets: +€123,958
- Deferred charges and accrued income -€140,387
down €140,387 (-39.6%), from €354,801 to €214,414
- Financial fixed assets +€136,870
up €136,870 (+39.4%), from €347,799 to €484,670
- Trade debts +€445,475
up €445,475 (+113.9%), from €391,282 to €836,757
- Tax, wage and social debts +€347,205
up €347,205 (+217.1%), from €159,956 to €507,161
of which Remuneration and social security: +€278,455
- Short-term financial debts +€204,167
new in 2025: €204,167
- Accrued charges and deferred income +€177,332
up €177,332 (+8190.3%), from €2,165 to €179,497
- Current portion of long-term debt -€150,000
no longer reported in 2025 (was €150,000)
- Gross operating margin +€1.5m
up €1.5m (+372.4%), from €397,599 to €1.9m
- Staff costs +€1.3m
up €1.3m (+616.5%), from €215,394 to €1.5m
- Financial charges +€169,571
up €169,571 (+612.0%), from €27,708 to €197,280
- Depreciation +€36,407
up €36,407 (+204.2%), from €17,831 to €54,239
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.
Cash bridge derived
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 | €1,974,289 | €3,016,768 | +€1.0m | +52.8% |
| Fixed assets | 21/28 | €508,884 | €786,929 | +€278,045 | +54.6% |
| Intangible fixed assets | 21 | €73,834 | €69,034 | -€4,800 | -6.5% |
| Tangible fixed assets | 22/27 | €87,251 | €233,225 | +€145,975 | +167.3% |
| Furniture and vehicles | 24 | €87,251 | €109,267 | +€22,017 | +25.2% |
| Other tangible fixed assets | 26 | - | €123,958 | +€123,958 | |
| Financial fixed assets | 28 | €347,799 | €484,670 | +€136,870 | +39.4% |
| Current assets | 29/58 | €1,465,405 | €2,229,839 | +€764,434 | +52.2% |
| Stocks and contracts in progress | 3 | €553,433 | €1,766,374 | +€1.2m | +219.2% |
| Stocks | 30/36 | €553,433 | €1,766,374 | +€1.2m | +219.2% |
| Amounts receivable within one year | 40/41 | €30,654 | €36,875 | +€6,221 | +20.3% |
| Trade receivables | 40 | €30,654 | €36,282 | +€5,628 | +18.4% |
| Other amounts receivable | 41 | - | €593 | +€593 | |
| Cash at bank and in hand | 54/58 | €526,517 | €212,177 | -€314,340 | -59.7% |
| Deferred charges and accrued income | 490/1 | €354,801 | €214,414 | -€140,387 | -39.6% |
| Total equity and liabilities | 10/49 | €1,974,289 | €3,016,768 | +€1.0m | +52.8% |
| Equity | 10/15 | €90,320 | €172,176 | +€81,856 | +90.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,320 | €169,176 | +€81,856 | +93.7% |
| Amounts payable | 17/49 | €1,883,969 | €2,844,592 | +€960,623 | +51.0% |
| Amounts payable after more than one year | 17 | €1,100,000 | €1,100,000 | = | 0.0% |
| Financial debts | 170/4 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €781,804 | €1,565,096 | +€783,292 | +100.2% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | - | -€150,000 | |
| Financial debts | 43 | - | €204,167 | +€204,167 | |
| Credit institutions | 430/8 | - | €204,167 | +€204,167 | |
| Trade debts | 44 | €391,282 | €836,757 | +€445,475 | +113.9% |
| Suppliers | 440/4 | €391,282 | €836,757 | +€445,475 | +113.9% |
| Taxes, remuneration and social security | 45 | €159,956 | €507,161 | +€347,205 | +217.1% |
| Taxes | 450/3 | €146,809 | €215,559 | +€68,750 | +46.8% |
| Remuneration and social security | 454/9 | €13,147 | €291,602 | +€278,455 | +2118.0% |
| Other amounts payable | 47/48 | €80,566 | €17,011 | -€63,555 | -78.9% |
| Accrued charges and deferred income | 492/3 | €2,165 | €179,497 | +€177,332 | +8190.3% |
| Remuneration, social security and pensions | 62 | €215,394 | €1,543,210 | +€1.3m | +616.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,831 | €54,239 | +€36,407 | +204.2% |
| Other operating charges | 640/8 | €24,411 | €8,512 | -€15,899 | -65.1% |
| Non-recurring operating charges | 66A | €668 | - | -€668 | |
| Gross operating margin | 9900 | €397,599 | €1,878,458 | +€1.5m | +372.4% |
| Operating profit (loss) | 9901 | €139,296 | €272,497 | +€133,202 | +95.6% |
| Financial income | 75/76B | €5,926 | €18,129 | +€12,202 | +205.9% |
| Recurring financial income | 75 | €5,527 | €18,129 | +€12,601 | +228.0% |
| Non-recurring financial income | 76B | €399 | - | -€399 | |
| Financial charges | 65/66B | €27,708 | €197,280 | +€169,571 | +612.0% |
| Recurring financial charges | 65 | €27,708 | €197,280 | +€169,571 | +612.0% |
| Profit (loss) for the period before taxes | 9903 | €117,513 | €93,346 | -€24,167 | -20.6% |
| Income taxes | 67/77 | €30,194 | €31,689 | +€1,495 | +5.0% |
| Profit (loss) for the period | 9904 | €87,320 | €61,657 | -€25,662 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,320 | €61,657 | -€25,662 | -29.4% |
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 10 October 2026 via checked.be.