GILASUR: what changed
Two fiscal 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.
GILASUR
Largest movements
- Intangible fixed assets +€495,561
up €495,561 (+196.7%), from €251,959 to €747,520
- Cash +€131,523
up €131,523 (+372.0%), from €35,354 to €166,877
mainly Other debts (+€470,000) and Net result for the year (+€121,797)
- Receivables within one year +€25,004
up €25,004 (+69.3%), from €36,106 to €61,111
of which Other amounts receivable: +€18,390
- Other debts +€470,000
up €470,000 (+357.7%), from €131,409 to €601,409
- Reserves +€121,797
up €121,797 (+86.1%), from €141,499 to €263,295
of which Distributable reserves: +€121,797
- Accrued charges and deferred income +€38,631
up €38,631 (+13785.5%), from €280 to €38,911
- Tax, wage and social debts +€20,461
up €20,461 (+119.1%), from €17,177 to €37,638
of which Remuneration and social security: +€20,461
- Gross operating margin +€206,045
up €206,045 (+83.6%), from €246,501 to €452,546
- Staff costs +€138,059
up €138,059 (+540.5%), from €25,541 to €163,600
- Depreciation +€51,753
up €51,753 (+125.2%), from €41,329 to €93,082
- Financial charges +€28,935
up €28,935 (+10654.2%), from €272 to €29,206
- Other operating charges -€7,294
down €7,294 (-82.3%), from €8,865 to €1,572
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 | €372,169 | €1,023,920 | +€651,752 | +175.1% |
| Fixed assets | 21/28 | €299,217 | €794,901 | +€495,685 | +165.7% |
| Intangible fixed assets | 21 | €251,959 | €747,520 | +€495,561 | +196.7% |
| Tangible fixed assets | 22/27 | €46,258 | €46,382 | +€124 | +0.3% |
| Plant, machinery and equipment | 23 | €672 | €6,483 | +€5,811 | +864.1% |
| Furniture and vehicles | 24 | €27,036 | €24,563 | -€2,473 | -9.1% |
| Other tangible fixed assets | 26 | €18,549 | €15,336 | -€3,213 | -17.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €72,952 | €229,019 | +€156,067 | +213.9% |
| Amounts receivable within one year | 40/41 | €36,106 | €61,111 | +€25,004 | +69.3% |
| Trade receivables | 40 | €35,308 | €41,922 | +€6,615 | +18.7% |
| Other amounts receivable | 41 | €799 | €19,188 | +€18,390 | +2301.9% |
| Cash at bank and in hand | 54/58 | €35,354 | €166,877 | +€131,523 | +372.0% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,031 | -€461 | -30.9% |
| Total equity and liabilities | 10/49 | €372,169 | €1,023,920 | +€651,752 | +175.1% |
| Equity | 10/15 | €221,499 | €343,295 | +€121,797 | +55.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €141,499 | €263,295 | +€121,797 | +86.1% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €133,499 | €255,295 | +€121,797 | +91.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,670 | €680,625 | +€529,955 | +351.7% |
| Amounts payable within one year | 42/48 | €150,390 | €641,714 | +€491,324 | +326.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,804 | €2,667 | +€863 | +47.8% |
| Suppliers | 440/4 | €1,804 | €2,667 | +€863 | +47.8% |
| Taxes, remuneration and social security | 45 | €17,177 | €37,638 | +€20,461 | +119.1% |
| Taxes | 450/3 | €15,483 | €15,483 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,694 | €22,154 | +€20,461 | +1208.0% |
| Other amounts payable | 47/48 | €131,409 | €601,409 | +€470,000 | +357.7% |
| Accrued charges and deferred income | 492/3 | €280 | €38,911 | +€38,631 | +13785.5% |
| Remuneration, social security and pensions | 62 | €25,541 | €163,600 | +€138,059 | +540.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,329 | €93,082 | +€51,753 | +125.2% |
| Other operating charges | 640/8 | €8,865 | €1,572 | -€7,294 | -82.3% |
| Gross operating margin | 9900 | €246,501 | €452,546 | +€206,045 | +83.6% |
| Operating profit (loss) | 9901 | €170,766 | €194,293 | +€23,527 | +13.8% |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €272 | €29,206 | +€28,935 | +10654.2% |
| Recurring financial charges | 65 | €272 | €29,206 | +€28,935 | +10654.2% |
| Profit (loss) for the period before taxes | 9903 | €170,494 | €165,181 | -€5,313 | -3.1% |
| Income taxes | 67/77 | €45,483 | €43,384 | -€2,099 | -4.6% |
| Profit (loss) for the period | 9904 | €125,011 | €121,797 | -€3,214 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €125,011 | €121,797 | -€3,214 | -2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.