GILIM: 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.
GILIM
Largest movements
- Receivables within one year +€141,537
up €141,537 (+62.4%), from €226,751 to €368,288
of which Trade receivables: +€75,725
- Stocks and contracts -€72,175
down €72,175 (-16.2%), from €446,724 to €374,549
- Cash -€54,842
down €54,842 (-24.9%), from €219,978 to €165,136
mainly Net result for the year (-€336,998) and Receivables within one year (-€141,537)
- Deferred charges and accrued income +€22,426
up €22,426 (+154.8%), from €14,492 to €36,918
- Tangible fixed assets -€15,527
down €15,527 (-9.4%), from €165,829 to €150,302
of which Plant, machinery and equipment: -€12,712
- Profit (loss) carried forward -€336,998
down €336,998 (-64.1%), from -€525,497 to -€862,495
- Trade debts +€309,767
up €309,767 (+31.7%), from €978,504 to €1.3m
- Other debts +€67,630
up €67,630 (+1466.4%), from €4,612 to €72,242
- Current portion of long-term debt -€50,584
down €50,584 (-100.0%), from €50,584 to €0
- Short-term financial debts +€41,819
new in 2024: €41,819
- Gross operating margin -€357,651
down €357,651 (-48.2%), from €741,508 to €383,856
- Staff costs -€63,774
down €63,774 (-10.1%), from €629,508 to €565,734
- Depreciation -€18,893
down €18,893 (-35.2%), from €53,679 to €34,786
- Financial charges -€11,451
down €11,451 (-27.0%), from €42,432 to €30,981
of which Financial charges: -€8,750
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,074,023 | €1,095,442 | +€21,419 | +2.0% |
| Fixed assets | 21/28 | €166,079 | €150,552 | -€15,527 | -9.3% |
| Tangible fixed assets | 22/27 | €165,829 | €150,302 | -€15,527 | -9.4% |
| Plant, machinery and equipment | 23 | €154,861 | €142,149 | -€12,712 | -8.2% |
| Furniture and vehicles | 24 | €4,830 | €4,082 | -€749 | -15.5% |
| Other tangible fixed assets | 26 | €6,138 | €4,071 | -€2,067 | -33.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €907,944 | €944,890 | +€36,946 | +4.1% |
| Stocks and contracts in progress | 3 | €446,724 | €374,549 | -€72,175 | -16.2% |
| Stocks | 30/36 | €446,724 | €374,549 | -€72,175 | -16.2% |
| Amounts receivable within one year | 40/41 | €226,751 | €368,288 | +€141,537 | +62.4% |
| Trade receivables | 40 | €90,381 | €166,105 | +€75,725 | +83.8% |
| Other amounts receivable | 41 | €136,370 | €202,183 | +€65,813 | +48.3% |
| Cash at bank and in hand | 54/58 | €219,978 | €165,136 | -€54,842 | -24.9% |
| Deferred charges and accrued income | 490/1 | €14,492 | €36,918 | +€22,426 | +154.8% |
| Total equity and liabilities | 10/49 | €1,074,023 | €1,095,442 | +€21,419 | +2.0% |
| Equity | 10/15 | -€63,797 | -€400,795 | -€336,998 | -528.2% |
| Contributions | 10/11 | €461,700 | €461,700 | = | 0.0% |
| Capital | 10 | €461,700 | €461,700 | = | 0.0% |
| Issued capital | 100 | €461,700 | €461,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€525,497 | -€862,495 | -€336,998 | -64.1% |
| Amounts payable | 17/49 | €1,137,820 | €1,496,237 | +€358,417 | +31.5% |
| Amounts payable after more than one year | 17 | €5,801 | €5,801 | = | 0.0% |
| Other amounts payable | 178/9 | €5,801 | €5,801 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,132,020 | €1,490,437 | +€358,417 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €50,584 | €0 | -€50,584 | -100.0% |
| Financial debts | 43 | - | €41,819 | +€41,819 | |
| Credit institutions | 430/8 | - | €41,819 | +€41,819 | |
| Trade debts | 44 | €978,504 | €1,288,272 | +€309,767 | +31.7% |
| Suppliers | 440/4 | €978,504 | €1,288,272 | +€309,767 | +31.7% |
| Taxes, remuneration and social security | 45 | €98,319 | €88,104 | -€10,215 | -10.4% |
| Taxes | 450/3 | €463 | €492 | +€28 | +6.1% |
| Remuneration and social security | 454/9 | €97,856 | €87,612 | -€10,244 | -10.5% |
| Other amounts payable | 47/48 | €4,612 | €72,242 | +€67,630 | +1466.4% |
| Non-recurring operating income | 76A | €27,630 | €4,048 | -€23,582 | -85.3% |
| Remuneration, social security and pensions | 62 | €629,508 | €565,734 | -€63,774 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,679 | €34,786 | -€18,893 | -35.2% |
| Other operating charges | 640/8 | €23,729 | €26,334 | +€2,605 | +11.0% |
| Non-recurring operating charges | 66A | €1,378 | €69,833 | +€68,455 | +4967.7% |
| Gross operating margin | 9900 | €741,508 | €383,856 | -€357,651 | -48.2% |
| Operating profit (loss) | 9901 | €33,214 | -€312,830 | -€346,044 | |
| Financial income | 75/76B | €7,166 | €7,473 | +€306 | +4.3% |
| Recurring financial income | 75 | €7,166 | €7,473 | +€306 | +4.3% |
| Financial charges | 65/66B | €42,432 | €30,981 | -€11,451 | -27.0% |
| Recurring financial charges | 65 | €39,731 | €30,981 | -€8,750 | -22.0% |
| Non-recurring financial charges | 66B | €2,701 | - | -€2,701 | |
| Profit (loss) for the period before taxes | 9903 | -€2,052 | -€336,339 | -€334,287 | -16290.5% |
| Income taxes | 67/77 | €463 | €659 | +€196 | +42.3% |
| Profit (loss) for the period | 9904 | -€2,515 | -€336,998 | -€334,483 | -13298.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,515 | -€336,998 | -€334,483 | -13298.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.