Gilinova: 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.
Gilinova
Largest movements
- Cash -€85,390
down €85,390 (-86.0%), from €99,337 to €13,948
mainly Contributions, distributions and other (-€113,530) and Tax, wage and social debts (-€9,235)
- Receivables within one year -€18,211
down €18,211 (-88.0%), from €20,691 to €2,481
- Reserves -€92,425
down €92,425 (-65.9%), from €140,247 to €47,822
- Tax, wage and social debts -€9,235
down €9,235 (-67.1%), from €13,770 to €4,536
- Trade debts -€2,720
down €2,720 (-86.0%), from €3,161 to €442
- Gross operating margin -€123,111
down €123,111 (-81.1%), from €151,833 to €28,722
- Taxes -€26,837
down €26,837 (-81.2%), from €33,044 to €6,206
- Depreciation -€2,042
down €2,042 (-78.5%), from €2,601 to €559
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.
Derived cash bridge
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 | €175,779 | €71,419 | -€104,360 | -59.4% |
| Fixed assets | 21/28 | €1,353 | €1,099 | -€253 | -18.7% |
| Tangible fixed assets | 22/27 | €1,353 | €1,099 | -€253 | -18.7% |
| Furniture and vehicles | 24 | €1,353 | €1,099 | -€253 | -18.7% |
| Current assets | 29/58 | €174,426 | €70,320 | -€104,106 | -59.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,691 | €2,481 | -€18,211 | -88.0% |
| Trade receivables | 40 | €20,691 | €2,481 | -€18,211 | -88.0% |
| Cash at bank and in hand | 54/58 | €99,337 | €13,948 | -€85,390 | -86.0% |
| Deferred charges and accrued income | 490/1 | €4,398 | €3,892 | -€506 | -11.5% |
| Total equity and liabilities | 10/49 | €175,779 | €71,419 | -€104,360 | -59.4% |
| Equity | 10/15 | €158,847 | €66,422 | -€92,425 | -58.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,247 | €47,822 | -€92,425 | -65.9% |
| Distributable reserves | 133 | €140,247 | €47,822 | -€92,425 | -65.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,932 | €4,997 | -€11,935 | -70.5% |
| Amounts payable within one year | 42/48 | €16,932 | €4,977 | -€11,954 | -70.6% |
| Trade debts | 44 | €3,161 | €442 | -€2,720 | -86.0% |
| Suppliers | 440/4 | €3,161 | €442 | -€2,720 | -86.0% |
| Taxes, remuneration and social security | 45 | €13,770 | €4,536 | -€9,235 | -67.1% |
| Taxes | 450/3 | €13,770 | €4,536 | -€9,235 | -67.1% |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,601 | €559 | -€2,042 | -78.5% |
| Other operating charges | 640/8 | €1,282 | €2,157 | +€875 | +68.3% |
| Non-recurring operating charges | 66A | €930 | €0 | -€930 | -100% |
| Gross operating margin | 9900 | €151,833 | €28,722 | -€123,111 | -81.1% |
| Operating profit (loss) | 9901 | €147,020 | €26,006 | -€121,014 | -82.3% |
| Financial income | 75/76B | €1,650 | €1,650 | = | 0.0% |
| Recurring financial income | 75 | €1,650 | €1,650 | = | 0.0% |
| Financial charges | 65/66B | €151 | €345 | +€195 | +129% |
| Recurring financial charges | 65 | €151 | €345 | +€195 | +129% |
| Profit (loss) for the period before taxes | 9903 | €148,520 | €27,311 | -€121,208 | -81.6% |
| Income taxes | 67/77 | €33,044 | €6,206 | -€26,837 | -81.2% |
| Profit (loss) for the period | 9904 | €115,476 | €21,105 | -€94,371 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,476 | €21,105 | -€94,371 | -81.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.