GILGEMYN ESTATES: 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.
GILGEMYN ESTATES
Largest movements
- Tangible fixed assets -€78,570
down €78,570 (-3.8%), from €2.0m to €2.0m
of which Land and buildings: -€63,755
- Cash -€28,451
down €28,451 (-72.0%), from €39,509 to €11,059
mainly Debts after one year (-€158,492) and Tax, wage and social debts (-€21,068)
- Debts after one year -€158,492
down €158,492 (-11.6%), from €1.4m to €1.2m
- Profit (loss) carried forward +€87,353
up €87,353 (+18.1%), from €481,582 to €568,935
- Staff costs -€49,839
down €49,839 (-81.5%), from €61,120 to €11,281
- Financial income -€6,850
down €6,850 (-63.2%), from €10,833 to €3,983
- Taxes +€5,697
up €5,697 (+31.4%), from €18,136 to €23,832
- Other operating charges -€5,055
down €5,055 (-32.3%), from €15,639 to €10,585
- Financial charges -€3,605
down €3,605 (-9.3%), from €38,885 to €35,281
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 | €2,306,936 | €2,206,818 | -€100,118 | -4.3% |
| Fixed assets | 21/28 | €2,046,386 | €1,967,816 | -€78,570 | -3.8% |
| Tangible fixed assets | 22/27 | €2,046,186 | €1,967,616 | -€78,570 | -3.8% |
| Land and buildings | 22 | €1,990,285 | €1,926,530 | -€63,755 | -3.2% |
| Furniture and vehicles | 24 | €26,547 | €22,269 | -€4,278 | -16.1% |
| Leasing and similar rights | 25 | €29,354 | €18,816 | -€10,538 | -35.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €260,550 | €239,002 | -€21,548 | -8.3% |
| Amounts receivable within one year | 40/41 | €18,336 | €25,600 | +€7,264 | +39.6% |
| Trade receivables | 40 | €18,301 | €18,238 | -€63 | -0.3% |
| Other amounts receivable | 41 | €35 | €7,363 | +€7,327 | +20768.9% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,509 | €11,059 | -€28,451 | -72.0% |
| Deferred charges and accrued income | 490/1 | €2,704 | €2,343 | -€361 | -13.4% |
| Total equity and liabilities | 10/49 | €2,306,936 | €2,206,818 | -€100,118 | -4.3% |
| Equity | 10/15 | €715,506 | €802,860 | +€87,353 | +12.2% |
| Contributions | 10/11 | €76,550 | €76,550 | = | 0.0% |
| Reserves | 13 | €157,374 | €157,374 | = | 0.0% |
| Distributable reserves | 133 | €157,374 | €157,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | €481,582 | €568,935 | +€87,353 | +18.1% |
| Provisions and deferred taxes | 16 | €14,844 | €13,463 | -€1,381 | -9.3% |
| Deferred taxes | 168 | €14,844 | €13,463 | -€1,381 | -9.3% |
| Amounts payable | 17/49 | €1,576,585 | €1,390,495 | -€186,091 | -11.8% |
| Amounts payable after more than one year | 17 | €1,365,409 | €1,206,918 | -€158,492 | -11.6% |
| Financial debts | 170/4 | €1,365,409 | €1,206,918 | -€158,492 | -11.6% |
| Amounts payable within one year | 42/48 | €202,159 | €172,758 | -€29,401 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €166,417 | €157,156 | -€9,261 | -5.6% |
| Trade debts | 44 | €3,004 | €3,931 | +€927 | +30.9% |
| Suppliers | 440/4 | €3,004 | €3,931 | +€927 | +30.9% |
| Taxes, remuneration and social security | 45 | €29,288 | €8,221 | -€21,068 | -71.9% |
| Taxes | 450/3 | €21,207 | €8,221 | -€12,987 | -61.2% |
| Remuneration and social security | 454/9 | €8,081 | €0 | -€8,081 | -100.0% |
| Other amounts payable | 47/48 | €3,450 | €3,450 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,017 | €10,819 | +€1,802 | +20.0% |
| Remuneration, social security and pensions | 62 | €61,120 | €11,281 | -€49,839 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,131 | €78,570 | -€3,560 | -4.3% |
| Other operating charges | 640/8 | €15,639 | €10,585 | -€5,055 | -32.3% |
| Gross operating margin | 9900 | €243,806 | €241,539 | -€2,267 | -0.9% |
| Operating profit (loss) | 9901 | €84,916 | €141,103 | +€56,187 | +66.2% |
| Financial income | 75/76B | €10,833 | €3,983 | -€6,850 | -63.2% |
| Recurring financial income | 75 | €10,833 | €3,983 | -€6,850 | -63.2% |
| Financial charges | 65/66B | €38,885 | €35,281 | -€3,605 | -9.3% |
| Recurring financial charges | 65 | €38,885 | €35,281 | -€3,605 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €56,864 | €109,805 | +€52,941 | +93.1% |
| Transfer from deferred taxes | 780 | €1,381 | €1,381 | = | 0.0% |
| Income taxes | 67/77 | €18,136 | €23,832 | +€5,697 | +31.4% |
| Profit (loss) for the period | 9904 | €40,109 | €87,353 | +€47,245 | +117.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,109 | €87,353 | +€47,245 | +117.8% |
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.