GILIT: 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.
GILIT
Largest movements
- Tangible fixed assets +€39,873
up €39,873 (+180%), from €22,174 to €62,046
of which Furniture and vehicles: +€39,937
- Receivables within one year +€38,270
up €38,270 (+176%), from €21,724 to €59,994
of which Trade receivables: +€23,766
- Current investments +€12,065
up €12,065 (+123%), from €9,799 to €21,864
- Receivables after one year -€7,500
down €7,500 (-20.0%), from €37,500 to €30,000
- Cash -€5,194
down €5,194 (-98.3%), from €5,283 to €89
mainly Investment in fixed assets (net) (-€50,439) and Receivables within one year (-€38,270)
- Debts after one year +€30,388
up €30,388 (+2,562%), from €1,186 to €31,574
- Profit (loss) carried forward +€21,756
no longer reported in 2025 (was -€21,756)
- Reserves +€20,712
up €20,712 (+24.1%), from €86,114 to €106,826
- Short-term financial debts +€6,105
up €6,105 (+321%), from €1,902 to €8,008
of which Other loans: +€3,333
- Trade debts -€2,326
down €2,326 (-26.9%), from €8,646 to €6,320
- Provisions -€31,616
no longer reported in 2025 (was €31,616)
- Financial charges -€29,243
down €29,243 (-84.3%), from €34,695 to €5,452
of which Non-recurring financial charges: -€20,000
- Gross operating margin +€25,631
up €25,631 (+38.8%), from €66,069 to €91,700
- Staff costs +€11,500
new in 2025: €11,500
- Taxes +€11,204
up €11,204 (+3,049%), from €367 to €11,571
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 | €98,442 | €175,956 | +€77,514 | +78.7% |
| Fixed assets | 21/28 | €22,174 | €62,046 | +€39,873 | +180% |
| Tangible fixed assets | 22/27 | €22,174 | €62,046 | +€39,873 | +180% |
| Plant, machinery and equipment | 23 | €5,233 | €4,340 | -€892 | -17.1% |
| Furniture and vehicles | 24 | €6,782 | €46,719 | +€39,937 | +589% |
| Other tangible fixed assets | 26 | €10,159 | €10,987 | +€828 | +8.1% |
| Current assets | 29/58 | €76,269 | €113,910 | +€37,641 | +49.4% |
| Amounts receivable after more than one year | 29 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Other amounts receivable | 291 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Amounts receivable within one year | 40/41 | €21,724 | €59,994 | +€38,270 | +176% |
| Trade receivables | 40 | €19,410 | €43,176 | +€23,766 | +122% |
| Other amounts receivable | 41 | €2,314 | €16,818 | +€14,504 | +627% |
| Current investments | 50/53 | €9,799 | €21,864 | +€12,065 | +123% |
| Cash at bank and in hand | 54/58 | €5,283 | €89 | -€5,194 | -98.3% |
| Deferred charges and accrued income | 490/1 | €1,963 | €1,963 | = | 0.0% |
| Total equity and liabilities | 10/49 | €98,442 | €175,956 | +€77,514 | +78.7% |
| Equity | 10/15 | €65,358 | €107,826 | +€42,468 | +65.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €86,114 | €106,826 | +€20,712 | +24.1% |
| Distributable reserves | 133 | €86,114 | €106,826 | +€20,712 | +24.1% |
| Profit (loss) carried forward | 14 | -€21,756 | - | +€21,756 | |
| Amounts payable | 17/49 | €33,085 | €68,130 | +€35,046 | +106% |
| Amounts payable after more than one year | 17 | €1,186 | €31,574 | +€30,388 | +2,562% |
| Financial debts | 170/4 | €1,186 | €31,574 | +€30,388 | +2,562% |
| Amounts payable within one year | 42/48 | €31,898 | €36,556 | +€4,658 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €10,379 | €9,750 | -€628 | -6.1% |
| Financial debts | 43 | €1,902 | €8,008 | +€6,105 | +321% |
| Credit institutions | 430/8 | €1,902 | €4,674 | +€2,772 | +146% |
| Other loans | 439 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | €8,646 | €6,320 | -€2,326 | -26.9% |
| Suppliers | 440/4 | €8,646 | €6,320 | -€2,326 | -26.9% |
| Taxes, remuneration and social security | 45 | €10,971 | €12,479 | +€1,508 | +13.7% |
| Taxes | 450/3 | €10,971 | €12,479 | +€1,508 | +13.7% |
| Remuneration, social security and pensions | 62 | - | €11,500 | +€11,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,334 | €10,566 | +€5,233 | +98.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €31,616 | - | -€31,616 | |
| Other operating charges | 640/8 | €423 | €740 | +€317 | +74.9% |
| Gross operating margin | 9900 | €66,069 | €91,700 | +€25,631 | +38.8% |
| Operating profit (loss) | 9901 | €28,697 | €68,893 | +€40,197 | +140% |
| Financial income | 75/76B | €1,460 | €1,525 | +€64 | +4.4% |
| Recurring financial income | 75 | €1,460 | €1,525 | +€64 | +4.4% |
| Financial charges | 65/66B | €34,695 | €5,452 | -€29,243 | -84.3% |
| Recurring financial charges | 65 | €14,695 | €5,452 | -€9,243 | -62.9% |
| Non-recurring financial charges | 66B | €20,000 | - | -€20,000 | |
| Profit (loss) for the period before taxes | 9903 | -€4,538 | €64,966 | +€69,504 | |
| Income taxes | 67/77 | €367 | €11,571 | +€11,204 | +3,049% |
| Profit (loss) for the period | 9904 | -€4,905 | €53,395 | +€58,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,905 | €53,395 | +€58,300 |
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 20 October 2026 via checked.be.