GILIS MICHIEL CONSTRUCT: 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 MICHIEL CONSTRUCT
Largest movements
- Cash +€10,063
up €10,063 (+70.3%), from €14,320 to €24,382
mainly Net result for the year (+€9,774) and Receivables within one year (+€1,425)
- Receivables within one year -€1,425
down €1,425 (-14.0%), from €10,198 to €8,773
- Deferred charges and accrued income +€611
up €611 (+6,113%), from €10 to €621
- Reserves +€8,941
up €8,941 (+259%), from €3,451 to €12,392
- Tax, wage and social debts +€1,417
up €1,417 (+18.0%), from €7,891 to €9,308
- Other debts -€996
down €996 (-15.9%), from €6,259 to €5,263
- Gross operating margin +€3,698
up €3,698 (+28.4%), from €13,013 to €16,710
- Depreciation -€2,670
down €2,670 (-81.5%), from €3,274 to €604
- Taxes +€2,045
up €2,045 (+99.2%), from €2,062 to €4,106
- Financial charges -€719
down €719 (-29.6%), from €2,431 to €1,712
- Other operating charges -€424
down €424 (-44.9%), from €944 to €520
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 | €26,102 | €35,539 | +€9,438 | +36.2% |
| Fixed assets | 21/28 | €1,574 | €1,762 | +€188 | +12.0% |
| Tangible fixed assets | 22/27 | €1,574 | €1,762 | +€188 | +12.0% |
| Plant, machinery and equipment | 23 | €1,574 | €1,762 | +€188 | +12.0% |
| Current assets | 29/58 | €24,527 | €33,777 | +€9,249 | +37.7% |
| Amounts receivable within one year | 40/41 | €10,198 | €8,773 | -€1,425 | -14.0% |
| Trade receivables | 40 | €10,198 | €8,773 | -€1,425 | -14.0% |
| Cash at bank and in hand | 54/58 | €14,320 | €24,382 | +€10,063 | +70.3% |
| Deferred charges and accrued income | 490/1 | €10 | €621 | +€611 | +6,113% |
| Total equity and liabilities | 10/49 | €26,102 | €35,539 | +€9,438 | +36.2% |
| Equity | 10/15 | €8,451 | €17,392 | +€8,941 | +106% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,451 | €12,392 | +€8,941 | +259% |
| Distributable reserves | 133 | €3,451 | €12,392 | +€8,941 | +259% |
| Amounts payable | 17/49 | €17,651 | €18,148 | +€497 | +2.8% |
| Amounts payable within one year | 42/48 | €17,428 | €18,123 | +€694 | +4.0% |
| Trade debts | 44 | €3,278 | €3,552 | +€273 | +8.3% |
| Suppliers | 440/4 | €3,278 | €3,552 | +€273 | +8.3% |
| Taxes, remuneration and social security | 45 | €7,891 | €9,308 | +€1,417 | +18.0% |
| Taxes | 450/3 | €7,891 | €9,308 | +€1,417 | +18.0% |
| Other amounts payable | 47/48 | €6,259 | €5,263 | -€996 | -15.9% |
| Accrued charges and deferred income | 492/3 | €223 | €25 | -€198 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,274 | €604 | -€2,670 | -81.5% |
| Other operating charges | 640/8 | €944 | €520 | -€424 | -44.9% |
| Gross operating margin | 9900 | €13,013 | €16,710 | +€3,698 | +28.4% |
| Operating profit (loss) | 9901 | €8,795 | €15,586 | +€6,792 | +77.2% |
| Financial income | 75/76B | €7 | €6 | -€1 | -17.5% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -17.5% |
| Financial charges | 65/66B | €2,431 | €1,712 | -€719 | -29.6% |
| Recurring financial charges | 65 | €2,431 | €1,712 | -€719 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €6,371 | €13,881 | +€7,510 | +118% |
| Income taxes | 67/77 | €2,062 | €4,106 | +€2,045 | +99.2% |
| Profit (loss) for the period | 9904 | €4,310 | €9,774 | +€5,465 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €4,310 | €9,774 | +€5,465 | +127% |
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 16 October 2026 via checked.be.