GILIS HOLDING: 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.
GILIS HOLDING
Largest movements
- Cash -€102,185
down €102,185 (-15.7%), from €651,315 to €549,130
mainly Investment in fixed assets (net) (-€92,250) and Receivables within one year (-€48,213)
- Tangible fixed assets +€57,203
up €57,203 (+57.8%), from €98,957 to €156,160
of which Plant, machinery and equipment: +€66,842
- Receivables within one year +€48,213
up €48,213 (+12.2%), from €396,053 to €444,266
of which Trade receivables: +€29,352
- Trade debts -€36,249
down €36,249 (-50.8%), from €71,323 to €35,074
- Reserves +€28,305
up €28,305 (+2.5%), from €1.1m to €1.1m
of which Distributable reserves: +€48,305
- Gross operating margin -€74,486
down €74,486 (-44.9%), from €165,995 to €91,509
- Taxes -€22,018
down €22,018 (-88.6%), from €24,849 to €2,831
- Other operating charges +€10,819
up €10,819 (+481%), from €2,249 to €13,068
- Depreciation +€3,327
up €3,327 (+10.5%), from €31,720 to €35,047
- Financial income +€2,215
up €2,215 (+479%), from €462 to €2,677
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 | €1,706,073 | €1,702,629 | -€3,444 | -0.2% |
| Fixed assets | 21/28 | €598,290 | €655,493 | +€57,203 | +9.6% |
| Tangible fixed assets | 22/27 | €98,957 | €156,160 | +€57,203 | +57.8% |
| Plant, machinery and equipment | 23 | €78,681 | €145,523 | +€66,842 | +85.0% |
| Furniture and vehicles | 24 | €20,275 | €10,636 | -€9,639 | -47.5% |
| Financial fixed assets | 28 | €499,333 | €499,333 | = | 0.0% |
| Current assets | 29/58 | €1,107,783 | €1,047,136 | -€60,646 | -5.5% |
| Amounts receivable within one year | 40/41 | €396,053 | €444,266 | +€48,213 | +12.2% |
| Trade receivables | 40 | €356,791 | €386,143 | +€29,352 | +8.2% |
| Other amounts receivable | 41 | €39,262 | €58,123 | +€18,861 | +48.0% |
| Cash at bank and in hand | 54/58 | €651,315 | €549,130 | -€102,185 | -15.7% |
| Deferred charges and accrued income | 490/1 | €60,415 | €53,740 | -€6,675 | -11.0% |
| Total equity and liabilities | 10/49 | €1,706,073 | €1,702,629 | -€3,444 | -0.2% |
| Equity | 10/15 | €1,319,356 | €1,347,661 | +€28,305 | +2.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,119,356 | €1,147,661 | +€28,305 | +2.5% |
| Non-distributable reserves | 130/1 | €20,000 | €0 | -€20,000 | -100% |
| Reserves not available under the articles | 1311 | €20,000 | €0 | -€20,000 | -100% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,089,356 | €1,137,661 | +€48,305 | +4.4% |
| Provisions and deferred taxes | 16 | €43,139 | €43,139 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €43,139 | €43,139 | = | 0.0% |
| Pensions and similar obligations | 160 | €43,139 | €43,139 | = | 0.0% |
| Amounts payable | 17/49 | €343,578 | €311,829 | -€31,749 | -9.2% |
| Amounts payable within one year | 42/48 | €328,479 | €306,029 | -€22,449 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €71,323 | €35,074 | -€36,249 | -50.8% |
| Suppliers | 440/4 | €71,323 | €35,074 | -€36,249 | -50.8% |
| Taxes, remuneration and social security | 45 | €38,327 | €42,827 | +€4,500 | +11.7% |
| Taxes | 450/3 | €38,327 | €42,827 | +€4,500 | +11.7% |
| Other amounts payable | 47/48 | €218,828 | €228,128 | +€9,300 | +4.2% |
| Accrued charges and deferred income | 492/3 | €15,100 | €5,800 | -€9,300 | -61.6% |
| Non-recurring operating income | 76A | - | €5,750 | +€5,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,720 | €35,047 | +€3,327 | +10.5% |
| Other operating charges | 640/8 | €2,249 | €13,068 | +€10,819 | +481% |
| Non-recurring operating charges | 66A | €43,920 | €0 | -€43,920 | -100% |
| Gross operating margin | 9900 | €165,995 | €91,509 | -€74,486 | -44.9% |
| Operating profit (loss) | 9901 | €88,106 | €43,394 | -€44,711 | -50.7% |
| Financial income | 75/76B | €462 | €2,677 | +€2,215 | +479% |
| Recurring financial income | 75 | €462 | €2,677 | +€2,215 | +479% |
| Financial charges | 65/66B | €14,145 | €14,936 | +€791 | +5.6% |
| Recurring financial charges | 65 | €14,145 | €14,936 | +€791 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €74,423 | €31,136 | -€43,287 | -58.2% |
| Income taxes | 67/77 | €24,849 | €2,831 | -€22,018 | -88.6% |
| Profit (loss) for the period | 9904 | €49,574 | €28,305 | -€21,269 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,574 | €28,305 | -€21,269 | -42.9% |
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 20 October 2026 via checked.be.