GILISA: 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.
GILISA
Largest movements
- Cash +€130,523
up €130,523 (+140%), from €93,383 to €223,905
mainly Net result for the year (+€110,049) and Receivables within one year (+€13,510)
- Receivables within one year -€13,510
down €13,510 (-24.7%), from €54,733 to €41,223
- Tangible fixed assets +€6,803
up €6,803 (+396%), from €1,717 to €8,520
- Reserves +€110,049
up €110,049 (+95.8%), from €114,833 to €224,881
- Tax, wage and social debts +€12,655
up €12,655 (+49.9%), from €25,366 to €38,020
- Gross operating margin -€4,910
down €4,910 (-3.0%), from €163,492 to €158,581
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 | €154,208 | €278,467 | +€124,259 | +80.6% |
| Fixed assets | 21/28 | €1,717 | €8,520 | +€6,803 | +396% |
| Tangible fixed assets | 22/27 | €1,717 | €8,520 | +€6,803 | +396% |
| Furniture and vehicles | 24 | €1,717 | €8,520 | +€6,803 | +396% |
| Current assets | 29/58 | €152,491 | €269,947 | +€117,456 | +77.0% |
| Amounts receivable within one year | 40/41 | €54,733 | €41,223 | -€13,510 | -24.7% |
| Trade receivables | 40 | €54,733 | €41,223 | -€13,510 | -24.7% |
| Cash at bank and in hand | 54/58 | €93,383 | €223,905 | +€130,523 | +140% |
| Deferred charges and accrued income | 490/1 | €4,376 | €4,819 | +€443 | +10.1% |
| Total equity and liabilities | 10/49 | €154,208 | €278,467 | +€124,259 | +80.6% |
| Equity | 10/15 | €124,833 | €234,881 | +€110,049 | +88.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €114,833 | €224,881 | +€110,049 | +95.8% |
| Distributable reserves | 133 | €114,833 | €224,881 | +€110,049 | +95.8% |
| Amounts payable | 17/49 | €29,376 | €43,586 | +€14,210 | +48.4% |
| Amounts payable within one year | 42/48 | €29,376 | €43,586 | +€14,210 | +48.4% |
| Financial debts | 43 | €941 | €950 | +€8 | +0.9% |
| Credit institutions | 430/8 | €941 | €950 | +€8 | +0.9% |
| Trade debts | 44 | €2,864 | €3,768 | +€904 | +31.5% |
| Suppliers | 440/4 | €2,864 | €3,768 | +€904 | +31.5% |
| Taxes, remuneration and social security | 45 | €25,366 | €38,020 | +€12,655 | +49.9% |
| Taxes | 450/3 | €25,366 | €38,020 | +€12,655 | +49.9% |
| Other amounts payable | 47/48 | €205 | €848 | +€644 | +315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €447 | +€336 | +302% |
| Other operating charges | 640/8 | €63 | €74 | +€11 | +17.9% |
| Gross operating margin | 9900 | €163,492 | €158,581 | -€4,910 | -3.0% |
| Operating profit (loss) | 9901 | €163,317 | €158,060 | -€5,257 | -3.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €97 | €116 | +€20 | +20.4% |
| Recurring financial charges | 65 | €97 | €116 | +€20 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €163,222 | €157,944 | -€5,278 | -3.2% |
| Income taxes | 67/77 | €48,389 | €47,895 | -€494 | -1.0% |
| Profit (loss) for the period | 9904 | €114,833 | €110,049 | -€4,784 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,833 | €110,049 | -€4,784 | -4.2% |
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 28 October 2026 via checked.be.