GILAUR: 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.
GILAUR
Largest movements
- Receivables within one year -€35,280
down €35,280 (-30.2%), from €116,787 to €81,507
- Cash -€34,158
down €34,158 (-78.4%), from €43,543 to €9,385
mainly Other debts (-€50,000) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€8,845
down €8,845 (-23.9%), from €37,050 to €28,206
of which Furniture and vehicles: -€9,304
- Other debts -€50,000
down €50,000 (-71.4%), from €70,000 to €20,000
- Tax, wage and social debts -€17,882
down €17,882 (-82.2%), from €21,749 to €3,867
- Profit (loss) carried forward -€11,565
down €11,565 (-33.4%), from €34,604 to €23,039
- Gross operating margin -€65,465
down €65,465 (-69.3%), from €94,477 to €29,012
- Taxes -€19,394
down €19,394 (-73.8%), from €26,297 to €6,903
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 | €198,925 | €120,642 | -€78,283 | -39.4% |
| Fixed assets | 21/28 | €38,595 | €29,750 | -€8,845 | -22.9% |
| Tangible fixed assets | 22/27 | €37,050 | €28,206 | -€8,845 | -23.9% |
| Plant, machinery and equipment | 23 | €1,569 | €2,028 | +€459 | +29.2% |
| Furniture and vehicles | 24 | €35,481 | €26,178 | -€9,304 | -26.2% |
| Financial fixed assets | 28 | €1,544 | €1,544 | = | 0.0% |
| Current assets | 29/58 | €160,330 | €90,892 | -€69,438 | -43.3% |
| Amounts receivable within one year | 40/41 | €116,787 | €81,507 | -€35,280 | -30.2% |
| Other amounts receivable | 41 | €116,787 | €81,507 | -€35,280 | -30.2% |
| Cash at bank and in hand | 54/58 | €43,543 | €9,385 | -€34,158 | -78.4% |
| Total equity and liabilities | 10/49 | €198,925 | €120,642 | -€78,283 | -39.4% |
| Equity | 10/15 | €106,760 | €95,195 | -€11,565 | -10.8% |
| Contributions | 10/11 | €14,297 | €14,297 | = | 0.0% |
| Capital | 10 | €14,297 | €14,297 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €4,295 | €4,295 | = | 0.0% |
| Reserves | 13 | €57,859 | €57,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €56,000 | €56,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,604 | €23,039 | -€11,565 | -33.4% |
| Amounts payable | 17/49 | €92,165 | €25,447 | -€66,717 | -72.4% |
| Amounts payable within one year | 42/48 | €92,165 | €25,447 | -€66,717 | -72.4% |
| Trade debts | 44 | €416 | €732 | +€317 | +76.2% |
| Suppliers | 440/4 | €416 | €732 | +€317 | +76.2% |
| Advances received on contracts in progress | 46 | - | €848 | +€848 | |
| Taxes, remuneration and social security | 45 | €21,749 | €3,867 | -€17,882 | -82.2% |
| Taxes | 450/3 | €21,749 | €3,867 | -€17,882 | -82.2% |
| Other amounts payable | 47/48 | €70,000 | €20,000 | -€50,000 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,096 | €10,244 | +€147 | +1.5% |
| Other operating charges | 640/8 | €760 | €820 | +€60 | +7.9% |
| Non-recurring operating charges | 66A | €999 | €2,417 | +€1,419 | +142.1% |
| Gross operating margin | 9900 | €94,477 | €29,012 | -€65,465 | -69.3% |
| Operating profit (loss) | 9901 | €82,622 | €15,531 | -€67,091 | -81.2% |
| Financial income | 75/76B | €24 | €3 | -€20 | -85.5% |
| Recurring financial income | 75 | €24 | €3 | -€20 | -85.5% |
| Financial charges | 65/66B | €146 | €197 | +€51 | +34.7% |
| Recurring financial charges | 65 | €146 | €197 | +€51 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €82,499 | €15,338 | -€67,162 | -81.4% |
| Income taxes | 67/77 | €26,297 | €6,903 | -€19,394 | -73.8% |
| Profit (loss) for the period | 9904 | €56,202 | €8,435 | -€47,767 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,202 | €8,435 | -€47,767 | -85.0% |
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 7 October 2026 via checked.be.