Gilco Projects: 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.
Gilco Projects
Largest movements
- Stocks and contracts -€2,743
down €2,743 (-63.6%), from €4,316 to €1,573
- Receivables within one year +€1,171
up €1,171 (+208.9%), from €560 to €1,731
of which Other amounts receivable: +€1,171
- Cash -€820
down €820 (-26.4%), from €3,104 to €2,283
mainly Other debts (-€3,180) and Investment in fixed assets (net) (-€1,338)
- Deferred charges and accrued income -€567
no longer reported in 2025 (was €567)
- Tangible fixed assets -€230
down €230 (-8.0%), from €2,884 to €2,654
of which Plant, machinery and equipment: -€199
- Other debts -€3,180
down €3,180 (-99.7%), from €3,189 to €9
- Trade debts +€500
up €500 (+543.4%), from €92 to €592
- Profit (loss) carried forward -€466
down €466 (-393.7%), from -€118 to -€585
- Gross operating margin -€1,400
down €1,400 (-50.0%), from €2,801 to €1,400
- Other operating charges -€535
down €535 (-63.7%), from €840 to €305
- Depreciation -€426
down €426 (-21.4%), from €1,993 to €1,567
- Financial income +€129
up €129 (+787.8%), from €16 to €145
- Financial charges +€79
up €79 (+132.3%), from €60 to €139
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 | €11,431 | €8,242 | -€3,189 | -27.9% |
| Fixed assets | 21/28 | €2,884 | €2,654 | -€230 | -8.0% |
| Tangible fixed assets | 22/27 | €2,884 | €2,654 | -€230 | -8.0% |
| Plant, machinery and equipment | 23 | €328 | €129 | -€199 | -60.8% |
| Furniture and vehicles | 24 | €2,557 | €2,526 | -€31 | -1.2% |
| Current assets | 29/58 | €8,547 | €5,588 | -€2,959 | -34.6% |
| Stocks and contracts in progress | 3 | €4,316 | €1,573 | -€2,743 | -63.6% |
| Stocks | 30/36 | €4,316 | €1,573 | -€2,743 | -63.6% |
| Amounts receivable within one year | 40/41 | €560 | €1,731 | +€1,171 | +208.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €560 | €1,731 | +€1,171 | +208.9% |
| Cash at bank and in hand | 54/58 | €3,104 | €2,283 | -€820 | -26.4% |
| Deferred charges and accrued income | 490/1 | €567 | - | -€567 | |
| Total equity and liabilities | 10/49 | €11,431 | €8,242 | -€3,189 | -27.9% |
| Equity | 10/15 | €8,108 | €7,641 | -€466 | -5.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,226 | €6,226 | = | 0.0% |
| Distributable reserves | 133 | €6,226 | €6,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118 | -€585 | -€466 | -393.7% |
| Amounts payable | 17/49 | €3,323 | €601 | -€2,723 | -81.9% |
| Amounts payable within one year | 42/48 | €3,323 | €601 | -€2,723 | -81.9% |
| Trade debts | 44 | €92 | €592 | +€500 | +543.4% |
| Suppliers | 440/4 | €92 | €592 | +€500 | +543.4% |
| Taxes, remuneration and social security | 45 | €42 | - | -€42 | |
| Taxes | 450/3 | €42 | - | -€42 | |
| Other amounts payable | 47/48 | €3,189 | €9 | -€3,180 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,993 | €1,567 | -€426 | -21.4% |
| Other operating charges | 640/8 | €840 | €305 | -€535 | -63.7% |
| Gross operating margin | 9900 | €2,801 | €1,400 | -€1,400 | -50.0% |
| Operating profit (loss) | 9901 | -€32 | -€472 | -€440 | -1359.6% |
| Financial income | 75/76B | €16 | €145 | +€129 | +787.8% |
| Recurring financial income | 75 | €16 | €145 | +€129 | +787.8% |
| Financial charges | 65/66B | €60 | €139 | +€79 | +132.3% |
| Recurring financial charges | 65 | €60 | €139 | +€79 | +132.3% |
| Profit (loss) for the period before taxes | 9903 | -€76 | -€466 | -€390 | -513.6% |
| Income taxes | 67/77 | €42 | - | -€42 | |
| Profit (loss) for the period | 9904 | -€118 | -€466 | -€348 | -293.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€118 | -€466 | -€348 | -293.7% |
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.