GILISSEN: 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.
GILISSEN
Largest movements
- Cash +€47,634
up €47,634 (+228%), from €20,874 to €68,508
mainly Net result for the year (+€19,922) and Current investments (+€16,000)
- Current investments -€16,000
down €16,000 (-53.3%), from €30,000 to €14,000
- Tangible fixed assets -€8,485
down €8,485 (-17.3%), from €49,043 to €40,558
- Reserves +€19,922
up €19,922 (+38.9%), from €51,249 to €71,171
of which Distributable reserves: +€19,922
- Tax, wage and social debts +€1,878
up €1,878 (+204%), from €919 to €2,797
- Turnover +€10,404
up €10,404 (+20.6%), from €50,460 to €60,864
- Gross operating margin +€9,919
up €9,919 (+33.0%), from €30,073 to €39,992
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 | €103,029 | €125,728 | +€22,699 | +22.0% |
| Fixed assets | 21/28 | €49,043 | €40,558 | -€8,485 | -17.3% |
| Tangible fixed assets | 22/27 | €49,043 | €40,558 | -€8,485 | -17.3% |
| Land and buildings | 22 | €49,043 | €40,558 | -€8,485 | -17.3% |
| Current assets | 29/58 | €53,986 | €85,170 | +€31,184 | +57.8% |
| Amounts receivable within one year | 40/41 | €657 | - | -€657 | |
| Trade receivables | 40 | €657 | - | -€657 | |
| Current investments | 50/53 | €30,000 | €14,000 | -€16,000 | -53.3% |
| Cash at bank and in hand | 54/58 | €20,874 | €68,508 | +€47,634 | +228% |
| Deferred charges and accrued income | 490/1 | €2,455 | €2,662 | +€207 | +8.4% |
| Total equity and liabilities | 10/49 | €103,029 | €125,728 | +€22,699 | +22.0% |
| Equity | 10/15 | €96,739 | €116,661 | +€19,922 | +20.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,249 | €71,171 | +€19,922 | +38.9% |
| Non-distributable reserves | 130/1 | €2,802 | €2,802 | = | 0.0% |
| Legal reserve | 130 | €2,802 | €2,802 | = | 0.0% |
| Distributable reserves | 133 | €48,447 | €68,369 | +€19,922 | +41.1% |
| Profit (loss) carried forward | 14 | €40,490 | €40,490 | = | 0.0% |
| Amounts payable | 17/49 | €6,290 | €9,067 | +€2,777 | +44.1% |
| Amounts payable within one year | 42/48 | €4,559 | €7,305 | +€2,746 | +60.2% |
| Trade debts | 44 | €237 | €65 | -€172 | -72.6% |
| Suppliers | 440/4 | €237 | €65 | -€172 | -72.6% |
| Taxes, remuneration and social security | 45 | €919 | €2,797 | +€1,878 | +204% |
| Taxes | 450/3 | €919 | €2,797 | +€1,878 | +204% |
| Other amounts payable | 47/48 | €3,403 | €4,443 | +€1,040 | +30.6% |
| Accrued charges and deferred income | 492/3 | €1,731 | €1,762 | +€31 | +1.8% |
| Turnover | 70 | €50,460 | €60,864 | +€10,404 | +20.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,387 | €20,872 | +€485 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,445 | €9,685 | +€240 | +2.5% |
| Other operating charges | 640/8 | €4,484 | €4,624 | +€140 | +3.1% |
| Gross operating margin | 9900 | €30,073 | €39,992 | +€9,919 | +33.0% |
| Operating profit (loss) | 9901 | €16,144 | €25,683 | +€9,539 | +59.1% |
| Financial income | 75/76B | €518 | €1,018 | +€500 | +96.5% |
| Recurring financial income | 75 | €518 | €1,018 | +€500 | +96.5% |
| Financial charges | 65/66B | €129 | €167 | +€38 | +29.5% |
| Recurring financial charges | 65 | €129 | €167 | +€38 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €16,533 | €26,534 | +€10,001 | +60.5% |
| Transfer to deferred taxes | 680 | €7,888 | €6,612 | -€1,276 | -16.2% |
| Profit (loss) for the period | 9904 | €8,645 | €19,922 | +€11,277 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €8,645 | €19,922 | +€11,277 | +130% |
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 23 October 2026 via checked.be.