Gilico: 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
Gilico
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€612,773
2024 · €3.1m-€2.5m
Equity
€4.8m
2024 · €4.2m+€612,773
Cash
€151,854
2024 · €99,662+€52,191
Balance sheet total
€8.2m
2024 · €7.5m+€666,868
Largest movements
Assets
- Receivables within one year +€645,151
up €645,151 (+154.2%), from €418,332 to €1.1m
Equity and liabilities
- Profit (loss) carried forward +€612,773
up €612,773 (+19.1%), from €3.2m to €3.8m
- Other debts +€201,414
up €201,414 (+59.4%), from €339,339 to €540,754
- Debts after one year -€200,000
down €200,000 (-6.9%), from €2.9m to €2.7m
Income statement
- Financial income -€2.5m
down €2.5m (-83.4%), from €3.0m to €494,925
of which Non-recurring financial income: -€2.8m
- Gross operating margin +€148,193
up €148,193 (+49.0%), from €302,223 to €450,416
- Financial charges +€56,032
up €56,032 (+48.0%), from €116,769 to €172,801
- Provisions +€32,906
up €32,906 (+125.7%), from €26,183 to €59,090
- Taxes +€16,964
up €16,964 (+22.2%), from €76,284 to €93,248
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
€3.1m
Gross operating margin
+€148,193
Depreciation
-€4,530
Provisions
-€32,906
Other operating charges
-€580
Financial income
-€2.5m
Financial charges
-€56,032
Taxes
-€16,964
Result 2025
€612,773
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.
From operations
+€299,243
Investment
-€31,900
Financing
-€215,152
Cash 2024
€99,662
From operations (derived)
+€299,243
Net result for the year
+€612,773
Depreciation
+€4,530
Receivables within one year
-€645,151
Deferred charges and accrued income
+€57,844
Provisions
+€59,090
Trade debts
-€14,056
Tax, wage and social debts
-€15,379
Other debts
+€201,414
Accrued charges and deferred income
+€38,178
Investment (derived)
-€31,900
Investment in fixed assets (net)
-€31,900
Financing
-€215,152
Debts after one year
-€200,000
Short-term financial debts
-€15,152
Cash 2025
€151,854
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,533,369 | €8,200,237 | +€666,868 | +8.9% |
| Fixed assets | 21/28 | €5,307,531 | €5,334,901 | +€27,370 | +0.5% |
| Tangible fixed assets | 22/27 | - | €27,370 | +€27,370 | |
| Furniture and vehicles | 24 | - | €27,370 | +€27,370 | |
| Financial fixed assets | 28 | €5,307,531 | €5,307,531 | = | 0.0% |
| Current assets | 29/58 | €2,225,838 | €2,865,336 | +€639,498 | +28.7% |
| Amounts receivable after more than one year | 29 | €1,650,000 | €1,650,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,650,000 | €1,650,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €418,332 | €1,063,483 | +€645,151 | +154.2% |
| Other amounts receivable | 41 | €418,332 | €1,063,483 | +€645,151 | +154.2% |
| Cash at bank and in hand | 54/58 | €99,662 | €151,854 | +€52,191 | +52.4% |
| Deferred charges and accrued income | 490/1 | €57,844 | €0 | -€57,844 | -100.0% |
| Total equity and liabilities | 10/49 | €7,533,369 | €8,200,237 | +€666,868 | +8.9% |
| Equity | 10/15 | €4,193,627 | €4,806,400 | +€612,773 | +14.6% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €361,831 | €361,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,981 | €3,981 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,981 | €3,981 | = | 0.0% |
| Tax-exempt reserves | 132 | €357,850 | €357,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,211,796 | €3,824,569 | +€612,773 | +19.1% |
| Provisions and deferred taxes | 16 | €26,183 | €85,273 | +€59,090 | +225.7% |
| Provisions for liabilities and charges | 160/5 | €26,183 | €85,273 | +€59,090 | +225.7% |
| Other liabilities and charges | 164/5 | €26,183 | €85,273 | +€59,090 | +225.7% |
| Amounts payable | 17/49 | €3,313,559 | €3,308,565 | -€4,994 | -0.2% |
| Amounts payable after more than one year | 17 | €2,900,000 | €2,700,000 | -€200,000 | -6.9% |
| Financial debts | 170/4 | €2,900,000 | €2,700,000 | -€200,000 | -6.9% |
| Amounts payable within one year | 42/48 | €413,559 | €570,386 | +€156,828 | +37.9% |
| Financial debts | 43 | €15,152 | €0 | -€15,152 | -100.0% |
| Credit institutions | 430/8 | €15,152 | €0 | -€15,152 | -100.0% |
| Trade debts | 44 | €28,709 | €14,653 | -€14,056 | -49.0% |
| Suppliers | 440/4 | €28,709 | €14,653 | -€14,056 | -49.0% |
| Taxes, remuneration and social security | 45 | €30,358 | €14,979 | -€15,379 | -50.7% |
| Taxes | 450/3 | €30,358 | €14,979 | -€15,379 | -50.7% |
| Other amounts payable | 47/48 | €339,339 | €540,754 | +€201,414 | +59.4% |
| Accrued charges and deferred income | 492/3 | - | €38,178 | +€38,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,530 | +€4,530 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €26,183 | €59,090 | +€32,906 | +125.7% |
| Other operating charges | 640/8 | €2,320 | €2,900 | +€580 | +25.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €302,223 | €450,416 | +€148,193 | +49.0% |
| Operating profit (loss) | 9901 | €273,721 | €383,897 | +€110,176 | +40.3% |
| Financial income | 75/76B | €2,989,741 | €494,925 | -€2.5m | -83.4% |
| Recurring financial income | 75 | €148,500 | €494,925 | +€346,426 | +233.3% |
| Non-recurring financial income | 76B | €2,841,242 | €0 | -€2.8m | -100.0% |
| Financial charges | 65/66B | €116,769 | €172,801 | +€56,032 | +48.0% |
| Recurring financial charges | 65 | €116,769 | €172,801 | +€56,032 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €3,146,693 | €706,021 | -€2.4m | -77.6% |
| Income taxes | 67/77 | €76,284 | €93,248 | +€16,964 | +22.2% |
| Profit (loss) for the period | 9904 | €3,070,409 | €612,773 | -€2.5m | -80.0% |
| Transfer to tax-exempt reserves | 689 | €357,850 | €0 | -€357,850 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,712,559 | €612,773 | -€2.1m | -77.4% |
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 11 October 2026 via checked.be.