Gilgemyn Logistics: what changed
Gilgemyn Logistics
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+280%), from €372,367 to €1.4m
of which Furniture and vehicles: +€1.0m
- Cash +€340,216
up €340,216 (+327%), from €104,137 to €444,352
mainly Debts after one year (+€794,956) and Depreciation (+€329,459)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Receivables within one year -€48,336
down €48,336 (-13.8%), from €350,426 to €302,090
of which Trade receivables: -€70,666
- Deferred charges and accrued income -€25,872
down €25,872 (-47.6%), from €54,356 to €28,484
- Debts after one year +€794,956
up €794,956 (+355%), from €223,640 to €1.0m
- Current portion of long-term debt +€260,091
up €260,091 (+160%), from €162,809 to €422,900
- Profit (loss) carried forward +€119,657
up €119,657 (+30.4%), from €393,284 to €512,940
- Trade debts -€91,665
down €91,665 (-73.3%), from €125,023 to €33,359
- Tax, wage and social debts +€26,410
up €26,410 (+16.7%), from €158,214 to €184,624
of which Remuneration and social security: +€32,043
- Gross operating margin +€208,728
up €208,728 (+13.8%), from €1.5m to €1.7m
- Depreciation +€206,498
up €206,498 (+168%), from €122,960 to €329,459
- Staff costs -€127,636
down €127,636 (-10.1%), from €1.3m to €1.1m
- Financial charges +€19,361
up €19,361 (+67.8%), from €28,577 to €47,938
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,083,446 | €2,192,894 | +€1.1m | +102% |
| Fixed assets | 21/28 | €374,527 | €1,417,968 | +€1.0m | +279% |
| Tangible fixed assets | 22/27 | €372,367 | €1,415,538 | +€1.0m | +280% |
| Furniture and vehicles | 24 | €353,555 | €1,403,178 | +€1.0m | +297% |
| Leasing and similar rights | 25 | €18,813 | €12,360 | -€6,453 | -34.3% |
| Financial fixed assets | 28 | €2,160 | €2,430 | +€270 | +12.5% |
| Current assets | 29/58 | €708,919 | €774,927 | +€66,007 | +9.3% |
| Amounts receivable within one year | 40/41 | €350,426 | €302,090 | -€48,336 | -13.8% |
| Trade receivables | 40 | €309,419 | €238,753 | -€70,666 | -22.8% |
| Other amounts receivable | 41 | €41,008 | €63,338 | +€22,330 | +54.5% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €104,137 | €444,352 | +€340,216 | +327% |
| Deferred charges and accrued income | 490/1 | €54,356 | €28,484 | -€25,872 | -47.6% |
| Total equity and liabilities | 10/49 | €1,083,446 | €2,192,894 | +€1.1m | +102% |
| Equity | 10/15 | €413,744 | €533,400 | +€119,657 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,284 | €512,940 | +€119,657 | +30.4% |
| Amounts payable | 17/49 | €669,703 | €1,659,494 | +€989,791 | +148% |
| Amounts payable after more than one year | 17 | €223,640 | €1,018,596 | +€794,956 | +355% |
| Financial debts | 170/4 | €223,640 | €1,018,596 | +€794,956 | +355% |
| Amounts payable within one year | 42/48 | €446,062 | €640,898 | +€194,836 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €162,809 | €422,900 | +€260,091 | +160% |
| Trade debts | 44 | €125,023 | €33,359 | -€91,665 | -73.3% |
| Suppliers | 440/4 | €125,023 | €33,359 | -€91,665 | -73.3% |
| Taxes, remuneration and social security | 45 | €158,214 | €184,624 | +€26,410 | +16.7% |
| Taxes | 450/3 | €16,397 | €10,764 | -€5,633 | -34.4% |
| Remuneration and social security | 454/9 | €141,817 | €173,860 | +€32,043 | +22.6% |
| Other amounts payable | 47/48 | €15 | €15 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,261,446 | €1,133,810 | -€127,636 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,960 | €329,459 | +€206,498 | +168% |
| Other operating charges | 640/8 | €89,679 | €90,325 | +€646 | +0.7% |
| Non-recurring operating charges | 66A | - | €1,263 | +€1,263 | |
| Gross operating margin | 9900 | €1,517,210 | €1,725,937 | +€208,728 | +13.8% |
| Operating profit (loss) | 9901 | €43,125 | €171,081 | +€127,957 | +297% |
| Financial income | 75/76B | €15,342 | €3,733 | -€11,609 | -75.7% |
| Recurring financial income | 75 | €15,342 | €3,733 | -€11,609 | -75.7% |
| Financial charges | 65/66B | €28,577 | €47,938 | +€19,361 | +67.8% |
| Recurring financial charges | 65 | €28,577 | €47,938 | +€19,361 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €29,890 | €126,877 | +€96,987 | +324% |
| Income taxes | 67/77 | €11,479 | €7,220 | -€4,259 | -37.1% |
| Profit (loss) for the period | 9904 | €18,411 | €119,657 | +€101,246 | +550% |
| Profit (loss) for the period to be appropriated | 9905 | €18,411 | €119,657 | +€101,246 | +550% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.