GILGEMYN HOLDING: 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.
What changed
GILGEMYN HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€582,573
2024 · €638,035-€55,462
Equity
€3.1m
2024 · €2.5m+€582,573
Cash
€61,568
2024 · €32,248+€29,320
Balance sheet total
€4.5m
2024 · €4.3m+€155,601
Largest movements
Assets
- Current investments +€150,000
up €150,000 (+150%), from €100,000 to €250,000
Equity and liabilities
- Profit (loss) carried forward +€582,573
up €582,573 (+36.9%), from €1.6m to €2.2m
- Other debts -€338,730
down €338,730 (-49.6%), from €683,553 to €344,823
- Current portion of long-term debt -€70,817
down €70,817 (-92.0%), from €76,998 to €6,181
Income statement
- Turnover -€700,000
no longer reported in 2025 (was €700,000)
- Financial income +€250,027
up €250,027 (+99.3%), from €251,893 to €501,921
- Gross operating margin +€210,654
new in 2025: €210,654
- Services and other goods -€194,016
no longer reported in 2025 (was €194,016)
- Other operating income -€16,237
no longer reported in 2025 (was €16,237)
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.
Result 2024
€638,035
Turnover
-€700,000
Other operating income
-€16,237
Services and other goods
+€194,016
Other operating charges
+€1,640
Other operating items
+€210,654
Financial income
+€250,027
Financial charges
+€2,493
Taxes
+€1,946
Result 2025
€582,573
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€257,543
Investment
-€150,000
Financing
-€78,223
Cash 2024
€32,248
From operations (derived)
+€257,543
Net result for the year
+€582,573
Depreciation
+€9,836
Receivables within one year
+€11,811
Deferred charges and accrued income
+€2,071
Trade debts
-€15,529
Tax, wage and social debts
+€6,859
Other debts
-€338,730
Accrued charges and deferred income
-€1,348
Investment (derived)
-€150,000
Current investments
-€150,000
Financing
-€78,223
Debts after one year
-€7,406
Current portion of long-term debt
-€70,817
Cash 2025
€61,568
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,339,171 | €4,494,772 | +€155,601 | +3.6% |
| Fixed assets | 21/28 | €4,174,619 | €4,164,783 | -€9,836 | -0.2% |
| Tangible fixed assets | 22/27 | €29,509 | €19,673 | -€9,836 | -33.3% |
| Leasing and similar rights | 25 | €29,509 | €19,673 | -€9,836 | -33.3% |
| Financial fixed assets | 28 | €4,145,110 | €4,145,110 | = | 0.0% |
| Affiliated companies | 280/1 | €4,145,110 | - | -€4.1m | |
| Participating interests | 280 | €4,145,110 | - | -€4.1m | |
| Current assets | 29/58 | €164,552 | €329,989 | +€165,438 | +101% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €27,036 | €15,225 | -€11,811 | -43.7% |
| Trade receivables | 40 | €25,000 | €12,330 | -€12,670 | -50.7% |
| Other amounts receivable | 41 | €2,036 | €2,895 | +€859 | +42.2% |
| Current investments | 50/53 | €100,000 | €250,000 | +€150,000 | +150% |
| Other investments | 51/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €32,248 | €61,568 | +€29,320 | +90.9% |
| Deferred charges and accrued income | 490/1 | €5,268 | €3,196 | -€2,071 | -39.3% |
| Total equity and liabilities | 10/49 | €4,339,171 | €4,494,772 | +€155,601 | +3.6% |
| Equity | 10/15 | €2,545,466 | €3,128,039 | +€582,573 | +22.9% |
| Contributions | 10/11 | €877,589 | €877,589 | = | 0.0% |
| Reserves | 13 | €87,759 | €87,759 | = | 0.0% |
| Distributable reserves | 133 | €87,759 | €87,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,580,118 | €2,162,691 | +€582,573 | +36.9% |
| Amounts payable | 17/49 | €1,793,705 | €1,366,733 | -€426,972 | -23.8% |
| Amounts payable after more than one year | 17 | €907,406 | €900,000 | -€7,406 | -0.8% |
| Financial debts | 170/4 | €7,406 | €0 | -€7,406 | -100% |
| Leasing and similar obligations | 172 | €7,406 | - | -€7,406 | |
| Credit institutions | 173 | €0 | - | = | |
| Other amounts payable | 178/9 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €799,244 | €381,027 | -€418,217 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €76,998 | €6,181 | -€70,817 | -92.0% |
| Trade debts | 44 | €29,071 | €13,542 | -€15,529 | -53.4% |
| Suppliers | 440/4 | €29,071 | €13,542 | -€15,529 | -53.4% |
| Taxes, remuneration and social security | 45 | €9,622 | €16,481 | +€6,859 | +71.3% |
| Taxes | 450/3 | €9,622 | €16,481 | +€6,859 | +71.3% |
| Other amounts payable | 47/48 | €683,553 | €344,823 | -€338,730 | -49.6% |
| Accrued charges and deferred income | 492/3 | €87,055 | €85,706 | -€1,348 | -1.5% |
| Operating income | 70/76A | €716,237 | - | -€716,237 | |
| Turnover | 70 | €700,000 | - | -€700,000 | |
| Other operating income | 74 | €16,237 | - | -€16,237 | |
| Operating charges | 60/66A | €207,902 | - | -€207,902 | |
| Services and other goods | 61 | €194,016 | - | -€194,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,836 | €9,836 | = | 0.0% |
| Other operating charges | 640/8 | €4,049 | €2,410 | -€1,640 | -40.5% |
| Gross operating margin | 9900 | - | €210,654 | +€210,654 | |
| Operating profit (loss) | 9901 | €508,335 | €198,408 | -€309,927 | -61.0% |
| Financial income | 75/76B | €251,893 | €501,921 | +€250,027 | +99.3% |
| Recurring financial income | 75 | €251,893 | €501,921 | +€250,027 | +99.3% |
| Income from financial fixed assets | 750 | €247,500 | - | -€247,500 | |
| Income from current assets | 751 | €4,393 | - | -€4,393 | |
| Financial charges | 65/66B | €89,633 | €87,141 | -€2,493 | -2.8% |
| Recurring financial charges | 65 | €89,633 | €87,141 | -€2,493 | -2.8% |
| Debt charges | 650 | €89,000 | - | -€89,000 | |
| Other financial charges | 652/9 | €634 | - | -€634 | |
| Profit (loss) for the period before taxes | 9903 | €670,595 | €613,188 | -€57,407 | -8.6% |
| Income taxes | 67/77 | €32,560 | €30,615 | -€1,946 | -6.0% |
| Taxes | 670/3 | €32,560 | - | -€32,560 | |
| Profit (loss) for the period | 9904 | €638,035 | €582,573 | -€55,462 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €638,035 | €582,573 | -€55,462 | -8.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.