GILI: 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.
GILI
Largest movements
- Cash +€82,580
up €82,580 (+163.8%), from €50,424 to €133,004
mainly Net result for the year (+€113,384) and Tax, wage and social debts (+€10,701)
- Deferred charges and accrued income -€9,787
down €9,787 (-100.0%), from €9,787 to €0
- Receivables within one year +€9,776
up €9,776 (+4.6%), from €212,504 to €222,280
of which Other amounts receivable: +€9,776
- Tangible fixed assets -€8,067
down €8,067 (-6.7%), from €120,855 to €112,788
- Profit (loss) carried forward +€115,905
up €115,905, from -€3,414 to €112,491
- Other debts -€33,906
down €33,906 (-12.2%), from €278,378 to €244,472
- Tax, wage and social debts +€10,701
up €10,701 (+377.4%), from €2,835 to €13,536
of which Taxes: +€10,701
- Advances received -€6,050
down €6,050 (-100.0%), from €6,050 to €0
- Accrued charges and deferred income -€4,753
down €4,753 (-21.3%), from €22,299 to €17,546
- Gross operating margin +€80,083
up €80,083 (+134.3%), from €59,643 to €139,726
- Financial income -€9,805
down €9,805 (-99.4%), from €9,869 to €64
- Financial charges -€4,472
down €4,472 (-19.9%), from €22,424 to €17,952
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 | €398,587 | €473,107 | +€74,520 | +18.7% |
| Fixed assets | 21/28 | €120,855 | €112,788 | -€8,067 | -6.7% |
| Tangible fixed assets | 22/27 | €120,855 | €112,788 | -€8,067 | -6.7% |
| Land and buildings | 22 | €120,855 | €112,788 | -€8,067 | -6.7% |
| Current assets | 29/58 | €277,732 | €360,319 | +€82,587 | +29.7% |
| Amounts receivable within one year | 40/41 | €212,504 | €222,280 | +€9,776 | +4.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €212,504 | €222,280 | +€9,776 | +4.6% |
| Current investments | 50/53 | €5,016 | €5,035 | +€18 | +0.4% |
| Cash at bank and in hand | 54/58 | €50,424 | €133,004 | +€82,580 | +163.8% |
| Deferred charges and accrued income | 490/1 | €9,787 | €0 | -€9,787 | -100.0% |
| Total equity and liabilities | 10/49 | €398,587 | €473,107 | +€74,520 | +18.7% |
| Equity | 10/15 | €78,686 | €192,070 | +€113,384 | +144.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €20,600 | €18,078 | -€2,522 | -12.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,450 | €11,928 | -€2,522 | -17.5% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,414 | €112,491 | +€115,905 | |
| Provisions and deferred taxes | 16 | €6,522 | €5,223 | -€1,299 | -19.9% |
| Deferred taxes | 168 | €6,522 | €5,223 | -€1,299 | -19.9% |
| Amounts payable | 17/49 | €313,378 | €275,814 | -€37,565 | -12.0% |
| Amounts payable within one year | 42/48 | €291,080 | €258,268 | -€32,812 | -11.3% |
| Trade debts | 44 | €3,816 | €260 | -€3,556 | -93.2% |
| Suppliers | 440/4 | €3,816 | €260 | -€3,556 | -93.2% |
| Advances received on contracts in progress | 46 | €6,050 | €0 | -€6,050 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,835 | €13,536 | +€10,701 | +377.4% |
| Taxes | 450/3 | €2,835 | €13,536 | +€10,701 | +377.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €278,378 | €244,472 | -€33,906 | -12.2% |
| Accrued charges and deferred income | 492/3 | €22,299 | €17,546 | -€4,753 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,067 | €8,067 | = | 0.0% |
| Other operating charges | 640/8 | €1,658 | €1,687 | +€28 | +1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €59,643 | €139,726 | +€80,083 | +134.3% |
| Operating profit (loss) | 9901 | €49,918 | €129,972 | +€80,055 | +160.4% |
| Financial income | 75/76B | €9,869 | €64 | -€9,805 | -99.4% |
| Recurring financial income | 75 | €9,869 | €64 | -€9,805 | -99.4% |
| Financial charges | 65/66B | €22,424 | €17,952 | -€4,472 | -19.9% |
| Recurring financial charges | 65 | €22,424 | €17,952 | -€4,472 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €37,363 | €112,085 | +€74,722 | +200.0% |
| Transfer from deferred taxes | 780 | €1,299 | €1,299 | = | 0.0% |
| Profit (loss) for the period | 9904 | €38,662 | €113,384 | +€74,722 | +193.3% |
| Transfer from tax-exempt reserves | 789 | €2,522 | €2,522 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,184 | €115,905 | +€74,722 | +181.4% |
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.