GILIS-SEGERS: 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-SEGERS
Largest movements
- Cash +€39,108
up €39,108 (+21.9%), from €178,502 to €217,610
mainly Depreciation (+€30,502) and Net result for the year (+€29,865)
- Tangible fixed assets -€12,180
down €12,180 (-6.6%), from €185,600 to €173,420
of which Land and buildings: -€14,878
- Receivables within one year -€6,719
down €6,719 (-10.0%), from €67,439 to €60,720
of which Trade receivables: -€8,311
- Other debts +€22,401
up €22,401 (+32.5%), from €68,976 to €91,377
- Gross operating margin -€12,610
down €12,610 (-15.5%), from €81,487 to €68,877
- Depreciation +€2,085
up €2,085 (+7.3%), from €28,417 to €30,502
- Other operating charges +€1,247
up €1,247 (+31.2%), from €3,995 to €5,242
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 | €528,866 | €545,887 | +€17,020 | +3.2% |
| Fixed assets | 21/28 | €185,600 | €173,420 | -€12,180 | -6.6% |
| Tangible fixed assets | 22/27 | €185,600 | €173,420 | -€12,180 | -6.6% |
| Land and buildings | 22 | €183,744 | €168,866 | -€14,878 | -8.1% |
| Furniture and vehicles | 24 | €1,857 | €4,554 | +€2,698 | +145% |
| Current assets | 29/58 | €343,266 | €372,467 | +€29,201 | +8.5% |
| Stocks and contracts in progress | 3 | €95,872 | €91,099 | -€4,773 | -5.0% |
| Stocks | 30/36 | €95,872 | €91,099 | -€4,773 | -5.0% |
| Amounts receivable within one year | 40/41 | €67,439 | €60,720 | -€6,719 | -10.0% |
| Trade receivables | 40 | €63,336 | €55,024 | -€8,311 | -13.1% |
| Other amounts receivable | 41 | €4,103 | €5,695 | +€1,592 | +38.8% |
| Cash at bank and in hand | 54/58 | €178,502 | €217,610 | +€39,108 | +21.9% |
| Deferred charges and accrued income | 490/1 | €1,453 | €3,038 | +€1,585 | +109% |
| Total equity and liabilities | 10/49 | €528,866 | €545,887 | +€17,020 | +3.2% |
| Equity | 10/15 | €385,518 | €385,384 | -€135 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,900 | €172,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €171,040 | €171,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,019 | €193,884 | -€135 | -0.1% |
| Amounts payable | 17/49 | €143,348 | €160,503 | +€17,155 | +12.0% |
| Amounts payable after more than one year | 17 | €3,438 | - | -€3,438 | |
| Financial debts | 170/4 | €3,438 | - | -€3,438 | |
| Amounts payable within one year | 42/48 | €138,925 | €159,629 | +€20,703 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €5,102 | €3,441 | -€1,660 | -32.5% |
| Trade debts | 44 | €62,980 | €61,721 | -€1,259 | -2.0% |
| Suppliers | 440/4 | €62,980 | €61,721 | -€1,259 | -2.0% |
| Taxes, remuneration and social security | 45 | €1,869 | €3,090 | +€1,221 | +65.4% |
| Taxes | 450/3 | €1,869 | €3,090 | +€1,221 | +65.4% |
| Other amounts payable | 47/48 | €68,976 | €91,377 | +€22,401 | +32.5% |
| Accrued charges and deferred income | 492/3 | €985 | €875 | -€110 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,417 | €30,502 | +€2,085 | +7.3% |
| Other operating charges | 640/8 | €3,995 | €5,242 | +€1,247 | +31.2% |
| Gross operating margin | 9900 | €81,487 | €68,877 | -€12,610 | -15.5% |
| Operating profit (loss) | 9901 | €49,076 | €33,134 | -€15,942 | -32.5% |
| Financial income | 75/76B | €1,902 | €1,344 | -€558 | -29.3% |
| Recurring financial income | 75 | €1,902 | €1,344 | -€558 | -29.3% |
| Financial charges | 65/66B | €3,161 | €2,894 | -€267 | -8.5% |
| Recurring financial charges | 65 | €3,161 | €2,894 | -€267 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €47,817 | €31,584 | -€16,233 | -33.9% |
| Income taxes | 67/77 | €1,861 | €1,719 | -€142 | -7.7% |
| Profit (loss) for the period | 9904 | €45,956 | €29,865 | -€16,090 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,956 | €29,865 | -€16,090 | -35.0% |
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 30 October 2026 via checked.be.