GILIS OPSLAG: 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 OPSLAG
Largest movements
- Tangible fixed assets -€1.4m
down €1.4m (-29.1%), from €4.8m to €3.4m
of which Land and buildings: -€889,340
- Receivables within one year +€1.2m
up €1.2m (+236%), from €510,584 to €1.7m
of which Other amounts receivable: +€1.3m
- Current portion of long-term debt -€468,354
down €468,354 (-70.9%), from €660,952 to €192,598
- Reserves +€325,180
up €325,180 (+9.0%), from €3.6m to €3.9m
of which Distributable reserves: +€322,500
- Revaluation surpluses -€322,500
down €322,500 (-18.8%), from €1.7m to €1.4m
- Profit (loss) carried forward +€274,311
up €274,311 (+16.3%), from -€1.7m to -€1.4m
- Other debts +€223,068
up €223,068 (+31.4%), from €709,974 to €933,042
- Gross operating margin +€686,472
up €686,472 (+61.3%), from €1.1m to €1.8m
- Depreciation +€222,861
up €222,861 (+46.0%), from €483,958 to €706,819
- Staff costs +€196,908
up €196,908 (+72.5%), from €271,594 to €468,502
- Financial income +€82,159
up €82,159 (+2,416%), from €3,401 to €85,559
- Other operating charges +€75,518
up €75,518 (+100%), from €75,164 to €150,682
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,062,375 | €5,874,443 | -€187,932 | -3.1% |
| Fixed assets | 21/28 | €5,035,878 | €3,642,688 | -€1.4m | -27.7% |
| Tangible fixed assets | 22/27 | €4,782,131 | €3,388,941 | -€1.4m | -29.1% |
| Land and buildings | 22 | €4,076,462 | €3,187,122 | -€889,340 | -21.8% |
| Plant, machinery and equipment | 23 | €85,133 | €132,363 | +€47,230 | +55.5% |
| Furniture and vehicles | 24 | €4,312 | €69,457 | +€65,145 | +1,511% |
| Other tangible fixed assets | 26 | €616,225 | - | -€616,225 | |
| Financial fixed assets | 28 | €253,747 | €253,747 | = | 0.0% |
| Current assets | 29/58 | €1,026,497 | €2,231,755 | +€1.2m | +117% |
| Stocks and contracts in progress | 3 | €420,000 | €388,570 | -€31,430 | -7.5% |
| Stocks | 30/36 | €420,000 | €388,570 | -€31,430 | -7.5% |
| Amounts receivable within one year | 40/41 | €510,584 | €1,716,070 | +€1.2m | +236% |
| Trade receivables | 40 | €202,601 | €138,707 | -€63,894 | -31.5% |
| Other amounts receivable | 41 | €307,983 | €1,577,362 | +€1.3m | +412% |
| Cash at bank and in hand | 54/58 | €87,927 | €125,130 | +€37,204 | +42.3% |
| Deferred charges and accrued income | 490/1 | €7,986 | €1,984 | -€6,002 | -75.2% |
| Total equity and liabilities | 10/49 | €6,062,375 | €5,874,443 | -€187,932 | -3.1% |
| Equity | 10/15 | €3,830,813 | €4,107,803 | +€276,991 | +7.2% |
| Contributions | 10/11 | €191,786 | €191,786 | = | 0.0% |
| Revaluation surpluses | 12 | €1,720,000 | €1,397,500 | -€322,500 | -18.8% |
| Reserves | 13 | €3,601,259 | €3,926,439 | +€325,180 | +9.0% |
| Non-distributable reserves | 130/1 | €16,148 | €16,148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,148 | €16,148 | = | 0.0% |
| Tax-exempt reserves | 132 | €505,111 | €507,791 | +€2,680 | +0.5% |
| Distributable reserves | 133 | €3,080,000 | €3,402,500 | +€322,500 | +10.5% |
| Profit (loss) carried forward | 14 | -€1,682,233 | -€1,407,922 | +€274,311 | +16.3% |
| Provisions and deferred taxes | 16 | €168,371 | €169,264 | +€893 | +0.5% |
| Deferred taxes | 168 | €168,371 | €169,264 | +€893 | +0.5% |
| Amounts payable | 17/49 | €2,063,192 | €1,597,376 | -€465,816 | -22.6% |
| Amounts payable after more than one year | 17 | €122,500 | €17,500 | -€105,000 | -85.7% |
| Financial debts | 170/4 | €122,500 | €17,500 | -€105,000 | -85.7% |
| Amounts payable within one year | 42/48 | €1,940,692 | €1,579,876 | -€360,816 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €660,952 | €192,598 | -€468,354 | -70.9% |
| Financial debts | 43 | €91,816 | - | -€91,816 | |
| Credit institutions | 430/8 | €91,816 | - | -€91,816 | |
| Trade debts | 44 | €406,873 | €332,085 | -€74,787 | -18.4% |
| Suppliers | 440/4 | €406,873 | €332,085 | -€74,787 | -18.4% |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €71,076 | €120,650 | +€49,573 | +69.7% |
| Taxes | 450/3 | €39,421 | €75,455 | +€36,034 | +91.4% |
| Remuneration and social security | 454/9 | €31,656 | €45,195 | +€13,539 | +42.8% |
| Other amounts payable | 47/48 | €709,974 | €933,042 | +€223,068 | +31.4% |
| Remuneration, social security and pensions | 62 | €271,594 | €468,502 | +€196,908 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483,958 | €706,819 | +€222,861 | +46.0% |
| Other operating charges | 640/8 | €75,164 | €150,682 | +€75,518 | +100% |
| Gross operating margin | 9900 | €1,119,782 | €1,806,254 | +€686,472 | +61.3% |
| Operating profit (loss) | 9901 | €289,066 | €480,252 | +€191,185 | +66.1% |
| Financial income | 75/76B | €3,401 | €85,559 | +€82,159 | +2,416% |
| Recurring financial income | 75 | €3,401 | €85,559 | +€82,159 | +2,416% |
| Financial charges | 65/66B | €44,749 | €77,217 | +€32,468 | +72.6% |
| Recurring financial charges | 65 | €44,749 | €77,217 | +€32,468 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €247,718 | €488,595 | +€240,876 | +97.2% |
| Transfer from deferred taxes | 780 | €12,932 | €42,561 | +€29,629 | +229% |
| Transfer to deferred taxes | 680 | - | €43,454 | +€43,454 | |
| Income taxes | 67/77 | €204,324 | €210,711 | +€6,387 | +3.1% |
| Profit (loss) for the period | 9904 | €56,326 | €276,991 | +€220,664 | +392% |
| Transfer from tax-exempt reserves | 789 | €38,796 | €127,683 | +€88,887 | +229% |
| Transfer to tax-exempt reserves | 689 | - | €130,363 | +€130,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,122 | €274,311 | +€179,188 | +188% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.