GILEAS: 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.
GILEAS
Largest movements
- Receivables after one year +€39,831
up €39,831 (+39.4%), from €101,000 to €140,831
- Tangible fixed assets +€29,605
up €29,605 (+164.1%), from €18,039 to €47,644
of which Furniture and vehicles: +€30,851
- Receivables within one year +€11,588
up €11,588 (+20.9%), from €55,413 to €67,000
of which Trade receivables: +€19,774
- Cash -€11,021
down €11,021 (-65.0%), from €16,967 to €5,947
mainly Receivables after one year (-€39,831) and Investment in fixed assets (net) (-€37,139)
- Reserves +€63,735
up €63,735 (+49.9%), from €127,655 to €191,390
- Other debts +€9,644
up €9,644 (+59.2%), from €16,283 to €25,927
- Tax, wage and social debts -€5,406
down €5,406 (-11.8%), from €45,736 to €40,330
of which Taxes: -€5,406
- Gross operating margin +€24,303
up €24,303 (+24.2%), from €100,414 to €124,717
- Taxes +€5,475
up €5,475 (+19.0%), from €28,861 to €34,336
- Depreciation +€4,996
up €4,996 (+196.9%), from €2,538 to €7,534
- Other operating charges +€1,409
up €1,409 (+78.1%), from €1,804 to €3,213
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 | €191,425 | €261,428 | +€70,003 | +36.6% |
| Fixed assets | 21/28 | €18,039 | €47,644 | +€29,605 | +164.1% |
| Tangible fixed assets | 22/27 | €18,039 | €47,644 | +€29,605 | +164.1% |
| Land and buildings | 22 | €17,127 | €15,881 | -€1,245 | -7.3% |
| Furniture and vehicles | 24 | €912 | €31,763 | +€30,851 | +3381.2% |
| Current assets | 29/58 | €173,386 | €213,783 | +€40,398 | +23.3% |
| Amounts receivable after more than one year | 29 | €101,000 | €140,831 | +€39,831 | +39.4% |
| Other amounts receivable | 291 | €101,000 | €140,831 | +€39,831 | +39.4% |
| Amounts receivable within one year | 40/41 | €55,413 | €67,000 | +€11,588 | +20.9% |
| Trade receivables | 40 | €46,887 | €66,661 | +€19,774 | +42.2% |
| Other amounts receivable | 41 | €8,526 | €339 | -€8,187 | -96.0% |
| Current investments | 50/53 | €6 | €6 | +€0 | +0.5% |
| Cash at bank and in hand | 54/58 | €16,967 | €5,947 | -€11,021 | -65.0% |
| Total equity and liabilities | 10/49 | €191,425 | €261,428 | +€70,003 | +36.6% |
| Equity | 10/15 | €128,165 | €191,900 | +€63,735 | +49.7% |
| Contributions | 10/11 | €510 | €510 | = | 0.0% |
| Reserves | 13 | €127,655 | €191,390 | +€63,735 | +49.9% |
| Distributable reserves | 133 | €127,655 | €191,390 | +€63,735 | +49.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,259 | €69,527 | +€6,268 | +9.9% |
| Amounts payable within one year | 42/48 | €63,259 | €69,527 | +€6,268 | +9.9% |
| Financial debts | 43 | €29 | €27 | -€2 | -5.9% |
| Credit institutions | 430/8 | €29 | €27 | -€2 | -5.9% |
| Trade debts | 44 | €1,211 | €3,243 | +€2,032 | +167.7% |
| Suppliers | 440/4 | €1,211 | €3,243 | +€2,032 | +167.7% |
| Taxes, remuneration and social security | 45 | €45,736 | €40,330 | -€5,406 | -11.8% |
| Taxes | 450/3 | €45,736 | €40,330 | -€5,406 | -11.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,283 | €25,927 | +€9,644 | +59.2% |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Remuneration, social security and pensions | 62 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,538 | €7,534 | +€4,996 | +196.9% |
| Other operating charges | 640/8 | €1,804 | €3,213 | +€1,409 | +78.1% |
| Gross operating margin | 9900 | €100,414 | €124,717 | +€24,303 | +24.2% |
| Operating profit (loss) | 9901 | €95,822 | €113,721 | +€17,899 | +18.7% |
| Financial income | 75/76B | €2,975 | €3,985 | +€1,009 | +33.9% |
| Recurring financial income | 75 | €2,975 | €3,985 | +€1,009 | +33.9% |
| Financial charges | 65/66B | €322 | €612 | +€290 | +90.2% |
| Recurring financial charges | 65 | €322 | €612 | +€290 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €98,476 | €117,094 | +€18,618 | +18.9% |
| Income taxes | 67/77 | €28,861 | €34,336 | +€5,475 | +19.0% |
| Profit (loss) for the period | 9904 | €69,615 | €82,758 | +€13,143 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,615 | €82,758 | +€13,143 | +18.9% |
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.