GILINI: 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.
GILINI
Largest movements
- Tangible fixed assets -€122,388
down €122,388 (-11.8%), from €1.0m to €913,772
of which Leasing and similar rights: -€89,282
- Cash -€18,575
down €18,575 (-88.1%), from €21,082 to €2,506
mainly Net result for the year (-€136,840) and Provisions (-€13,727)
- Profit (loss) carried forward -€81,931
down €81,931 (-10.4%), from -€789,709 to -€871,640
- Reserves -€54,909
down €54,909 (-13.7%), from €400,205 to €345,296
of which Tax-exempt reserves: -€54,909
- Provisions -€13,727
down €13,727 (-14.8%), from €92,671 to €78,944
- Gross operating margin -€51,549
down €51,549 (-99.9%), from €51,619 to €69
- Depreciation +€5,881
up €5,881 (+10.8%), from €54,686 to €60,567
- Financial charges -€712
down €712 (-71.8%), from €993 to €280
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.
Derived cash bridge
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 | €1,251,932 | €1,110,551 | -€141,381 | -11.3% |
| Fixed assets | 21/28 | €1,036,160 | €913,772 | -€122,388 | -11.8% |
| Tangible fixed assets | 22/27 | €1,036,160 | €913,772 | -€122,388 | -11.8% |
| Land and buildings | 22 | €825,070 | €804,064 | -€21,007 | -2.5% |
| Plant, machinery and equipment | 23 | €1,228 | €428 | -€800 | -65.1% |
| Furniture and vehicles | 24 | €53,291 | €41,991 | -€11,300 | -21.2% |
| Leasing and similar rights | 25 | €156,571 | €67,290 | -€89,282 | -57.0% |
| Current assets | 29/58 | €215,772 | €196,778 | -€18,994 | -8.8% |
| Stocks and contracts in progress | 3 | €8,057 | €8,057 | = | 0.0% |
| Stocks | 30/36 | €8,057 | €8,057 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €182,170 | €180,727 | -€1,443 | -0.8% |
| Trade receivables | 40 | €182,170 | €180,575 | -€1,596 | -0.9% |
| Other amounts receivable | 41 | €0 | €152 | +€152 | |
| Cash at bank and in hand | 54/58 | €21,082 | €2,506 | -€18,575 | -88.1% |
| Deferred charges and accrued income | 490/1 | €4,463 | €5,488 | +€1,025 | +23.0% |
| Total equity and liabilities | 10/49 | €1,251,932 | €1,110,551 | -€141,381 | -11.3% |
| Equity | 10/15 | €5,496 | -€131,344 | -€136,840 | |
| Contributions | 10/11 | €395,000 | €395,000 | = | 0.0% |
| Capital | 10 | €395,000 | €395,000 | = | 0.0% |
| Issued capital | 100 | €395,000 | €395,000 | = | 0.0% |
| Reserves | 13 | €400,205 | €345,296 | -€54,909 | -13.7% |
| Non-distributable reserves | 130/1 | €298 | €298 | = | 0.0% |
| Legal reserve | 130 | €298 | €298 | = | 0.0% |
| Tax-exempt reserves | 132 | €370,684 | €315,775 | -€54,909 | -14.8% |
| Distributable reserves | 133 | €29,224 | €29,224 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€789,709 | -€871,640 | -€81,931 | -10.4% |
| Provisions and deferred taxes | 16 | €92,671 | €78,944 | -€13,727 | -14.8% |
| Deferred taxes | 168 | €92,671 | €78,944 | -€13,727 | -14.8% |
| Amounts payable | 17/49 | €1,153,765 | €1,162,951 | +€9,186 | +0.8% |
| Amounts payable within one year | 42/48 | €1,153,280 | €1,161,945 | +€8,665 | +0.8% |
| Trade debts | 44 | €4,038 | €4,571 | +€533 | +13.2% |
| Suppliers | 440/4 | €4,038 | €4,571 | +€533 | +13.2% |
| Taxes, remuneration and social security | 45 | €79 | €14 | -€65 | -82.8% |
| Taxes | 450/3 | €79 | €14 | -€65 | -82.8% |
| Other amounts payable | 47/48 | €1,149,163 | €1,157,360 | +€8,197 | +0.7% |
| Accrued charges and deferred income | 492/3 | €485 | €1,007 | +€522 | +108% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,686 | €60,567 | +€5,881 | +10.8% |
| Other operating charges | 640/8 | €5,049 | €5,044 | -€5 | -0.1% |
| Non-recurring operating charges | 66A | €3,526 | €84,811 | +€81,284 | +2,305% |
| Gross operating margin | 9900 | €51,619 | €69 | -€51,549 | -99.9% |
| Operating profit (loss) | 9901 | -€11,643 | -€150,352 | -€138,709 | -1,191% |
| Financial income | 75/76B | €75 | €65 | -€10 | -13.6% |
| Recurring financial income | 75 | €75 | €65 | -€10 | -13.6% |
| Financial charges | 65/66B | €993 | €280 | -€712 | -71.8% |
| Recurring financial charges | 65 | €993 | €280 | -€712 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,561 | -€150,567 | -€138,007 | -1,099% |
| Transfer from deferred taxes | 780 | €3,407 | €13,727 | +€10,321 | +303% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,154 | -€136,840 | -€127,686 | -1,395% |
| Transfer from tax-exempt reserves | 789 | €13,626 | €54,909 | +€41,282 | +303% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €4,472 | -€81,931 | -€86,404 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.