GILJOM: 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.
GILJOM
Largest movements
- Tangible fixed assets -€43,291
down €43,291 (-2.7%), from €1.6m to €1.6m
of which Land and buildings: -€42,914
- Receivables within one year -€25,054
down €25,054 (-48.8%), from €51,348 to €26,295
of which Other amounts receivable: -€22,880
- Stocks and contracts +€22,512
up €22,512 (+8.0%), from €281,325 to €303,837
- Debts after one year -€93,744
down €93,744 (-12.2%), from €770,774 to €677,030
- Reserves +€47,178
up €47,178 (+45.6%), from €103,359 to €150,537
of which Distributable reserves: +€47,178
- Gross operating margin +€51,842
up €51,842 (+41.7%), from €124,292 to €176,134
- Taxes +€13,715
up €13,715 (+377%), from €3,637 to €17,352
- Other operating charges +€12,661
up €12,661 (+121%), from €10,501 to €23,162
- Depreciation -€6,193
down €6,193 (-12.5%), from €49,484 to €43,291
- Financial charges -€5,077
down €5,077 (-10.0%), from €50,666 to €45,589
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 | €1,994,528 | €1,952,344 | -€42,184 | -2.1% |
| Fixed assets | 21/28 | €1,613,616 | €1,570,324 | -€43,291 | -2.7% |
| Tangible fixed assets | 22/27 | €1,613,616 | €1,570,324 | -€43,291 | -2.7% |
| Land and buildings | 22 | €1,612,221 | €1,569,307 | -€42,914 | -2.7% |
| Plant, machinery and equipment | 23 | €1,313 | €1,017 | -€296 | -22.5% |
| Furniture and vehicles | 24 | €82 | €0 | -€82 | -100% |
| Current assets | 29/58 | €380,912 | €382,019 | +€1,107 | +0.3% |
| Stocks and contracts in progress | 3 | €281,325 | €303,837 | +€22,512 | +8.0% |
| Stocks | 30/36 | €281,325 | €303,837 | +€22,512 | +8.0% |
| Amounts receivable within one year | 40/41 | €51,348 | €26,295 | -€25,054 | -48.8% |
| Trade receivables | 40 | €2,954 | €780 | -€2,174 | -73.6% |
| Other amounts receivable | 41 | €48,395 | €25,514 | -€22,880 | -47.3% |
| Cash at bank and in hand | 54/58 | €45,672 | €46,646 | +€974 | +2.1% |
| Deferred charges and accrued income | 490/1 | €2,567 | €5,242 | +€2,675 | +104% |
| Total equity and liabilities | 10/49 | €1,994,528 | €1,952,344 | -€42,184 | -2.1% |
| Equity | 10/15 | €723,359 | €770,537 | +€47,178 | +6.5% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €103,359 | €150,537 | +€47,178 | +45.6% |
| Non-distributable reserves | 130/1 | €490 | €490 | = | 0.0% |
| Reserves not available under the articles | 1311 | €490 | €490 | = | 0.0% |
| Distributable reserves | 133 | €102,869 | €150,047 | +€47,178 | +45.9% |
| Amounts payable | 17/49 | €1,271,168 | €1,181,806 | -€89,362 | -7.0% |
| Amounts payable after more than one year | 17 | €770,774 | €677,030 | -€93,744 | -12.2% |
| Financial debts | 170/4 | €770,774 | €677,030 | -€93,744 | -12.2% |
| Amounts payable within one year | 42/48 | €497,927 | €504,776 | +€6,850 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €91,039 | €93,744 | +€2,705 | +3.0% |
| Financial debts | 43 | €272,000 | €272,090 | +€90 | 0.0% |
| Credit institutions | 430/8 | €272,000 | €272,090 | +€90 | 0.0% |
| Trade debts | 44 | €9,079 | €6,654 | -€2,425 | -26.7% |
| Suppliers | 440/4 | €9,079 | €6,654 | -€2,425 | -26.7% |
| Taxes, remuneration and social security | 45 | €11,143 | €17,352 | +€6,209 | +55.7% |
| Taxes | 450/3 | €11,143 | €17,352 | +€6,209 | +55.7% |
| Other amounts payable | 47/48 | €114,665 | €114,937 | +€271 | +0.2% |
| Accrued charges and deferred income | 492/3 | €2,468 | €0 | -€2,468 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,484 | €43,291 | -€6,193 | -12.5% |
| Other operating charges | 640/8 | €10,501 | €23,162 | +€12,661 | +121% |
| Gross operating margin | 9900 | €124,292 | €176,134 | +€51,842 | +41.7% |
| Operating profit (loss) | 9901 | €64,307 | €109,681 | +€45,374 | +70.6% |
| Financial income | 75/76B | €714 | €438 | -€276 | -38.6% |
| Recurring financial income | 75 | €714 | €438 | -€276 | -38.6% |
| Financial charges | 65/66B | €50,666 | €45,589 | -€5,077 | -10.0% |
| Recurring financial charges | 65 | €50,666 | €45,589 | -€5,077 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €14,354 | €64,530 | +€50,176 | +350% |
| Income taxes | 67/77 | €3,637 | €17,352 | +€13,715 | +377% |
| Profit (loss) for the period | 9904 | €10,718 | €47,178 | +€36,460 | +340% |
| Profit (loss) for the period to be appropriated | 9905 | €10,718 | €47,178 | +€36,460 | +340% |
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 13 October 2026 via checked.be.