GILJANA: what changed
What changed
GILJANA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€35,368
2024 · €42,054-€6,686
Equity
€356,169
2024 · €320,800+€35,368
Cash
€8,956
2024 · €4,362+€4,594
Balance sheet total
€779,405
2024 · €728,080+€51,324
Largest movements
Assets
- Tangible fixed assets +€100,299
up €100,299 (+25.3%), from €396,026 to €496,326
of which Land and buildings: +€100,696
- Financial fixed assets -€37,184
down €37,184 (-44.3%), from €83,844 to €46,660
- Receivables within one year -€9,972
down €9,972 (-4.2%), from €237,434 to €227,463
of which Trade receivables: -€6,785
Equity and liabilities
- Profit (loss) carried forward +€35,368
up €35,368 (+16.4%), from €215,668 to €251,036
- Tax, wage and social debts +€20,884
up €20,884 (+447%), from €4,675 to €25,559
of which Taxes: +€20,864
Income statement
- Other operating charges +€38,018
up €38,018 (+1,925%), from €1,974 to €39,993
- Gross operating margin +€27,577
up €27,577 (+30.0%), from €91,833 to €119,410
- Financial income +€23,228
up €23,228 (+4,772%), from €487 to €23,715
of which Non-recurring financial income: +€23,587
- Taxes +€12,756
up €12,756 (+91.7%), from €13,912 to €26,667
- Depreciation +€7,675
up €7,675 (+49.8%), from €15,398 to €23,073
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€42,054
Gross operating margin
+€27,577
Depreciation
-€7,675
Other operating charges
-€38,018
Financial income
+€23,228
Financial charges
+€958
Taxes
-€12,756
Result 2025
€35,368
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€94,350
Investment
-€79,775
Financing
-€9,980
Cash 2024
€4,362
From operations (derived)
+€94,350
Net result for the year
+€35,368
Depreciation
+€23,073
Receivables within one year
+€9,972
Trade debts
+€5,052
Tax, wage and social debts
+€20,884
Investment (derived)
-€79,775
Investment in fixed assets (net)
-€79,775
Financing
-€9,980
Debts after one year
+€3,434
Current portion of long-term debt
-€5,883
Short-term financial debts
-€7,532
Cash 2025
€8,956
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €728,080 | €779,405 | +€51,324 | +7.0% |
| Fixed assets | 21/28 | €486,284 | €542,986 | +€56,702 | +11.7% |
| Intangible fixed assets | 21 | €6,413 | €0 | -€6,413 | -100% |
| Tangible fixed assets | 22/27 | €396,026 | €496,326 | +€100,299 | +25.3% |
| Land and buildings | 22 | €394,237 | €494,932 | +€100,696 | +25.5% |
| Furniture and vehicles | 24 | €1,790 | €1,393 | -€397 | -22.2% |
| Financial fixed assets | 28 | €83,844 | €46,660 | -€37,184 | -44.3% |
| Current assets | 29/58 | €241,797 | €236,419 | -€5,378 | -2.2% |
| Amounts receivable within one year | 40/41 | €237,434 | €227,463 | -€9,972 | -4.2% |
| Trade receivables | 40 | €217,387 | €210,603 | -€6,785 | -3.1% |
| Other amounts receivable | 41 | €20,047 | €16,860 | -€3,187 | -15.9% |
| Cash at bank and in hand | 54/58 | €4,362 | €8,956 | +€4,594 | +105% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €728,080 | €779,405 | +€51,324 | +7.0% |
| Equity | 10/15 | €320,800 | €356,169 | +€35,368 | +11.0% |
| Contributions | 10/11 | €86,500 | €86,500 | = | 0.0% |
| Reserves | 13 | €18,633 | €18,633 | = | 0.0% |
| Distributable reserves | 133 | €18,633 | €18,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,668 | €251,036 | +€35,368 | +16.4% |
| Amounts payable | 17/49 | €407,280 | €423,236 | +€15,956 | +3.9% |
| Amounts payable after more than one year | 17 | €335,036 | €338,470 | +€3,434 | +1.0% |
| Financial debts | 170/4 | €334,386 | €337,820 | +€3,434 | +1.0% |
| Other amounts payable | 178/9 | €650 | €650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €72,244 | €84,766 | +€12,522 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €27,580 | €21,698 | -€5,883 | -21.3% |
| Financial debts | 43 | €24,432 | €16,900 | -€7,532 | -30.8% |
| Credit institutions | 430/8 | €24,432 | €16,900 | -€7,532 | -30.8% |
| Trade debts | 44 | €15,557 | €20,609 | +€5,052 | +32.5% |
| Suppliers | 440/4 | €15,557 | €20,609 | +€5,052 | +32.5% |
| Taxes, remuneration and social security | 45 | €4,675 | €25,559 | +€20,884 | +447% |
| Taxes | 450/3 | €2,864 | €23,728 | +€20,864 | +728% |
| Remuneration and social security | 454/9 | €1,811 | €1,831 | +€20 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,398 | €23,073 | +€7,675 | +49.8% |
| Other operating charges | 640/8 | €1,974 | €39,993 | +€38,018 | +1,925% |
| Gross operating margin | 9900 | €91,833 | €119,410 | +€27,577 | +30.0% |
| Operating profit (loss) | 9901 | €74,460 | €56,344 | -€18,116 | -24.3% |
| Financial income | 75/76B | €487 | €23,715 | +€23,228 | +4,772% |
| Recurring financial income | 75 | €487 | €128 | -€359 | -73.7% |
| Non-recurring financial income | 76B | - | €23,587 | +€23,587 | |
| Financial charges | 65/66B | €18,982 | €18,023 | -€958 | -5.0% |
| Recurring financial charges | 65 | €18,982 | €18,023 | -€958 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €55,965 | €62,036 | +€6,070 | +10.8% |
| Income taxes | 67/77 | €13,912 | €26,667 | +€12,756 | +91.7% |
| Profit (loss) for the period | 9904 | €42,054 | €35,368 | -€6,686 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,054 | €35,368 | -€6,686 | -15.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.