GILKO: what changed
Two fiscal 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.
GILKO
Largest movements
- Tangible fixed assets -€28,781
down €28,781 (-8.2%), from €352,241 to €323,460
of which Land and buildings: -€26,715
- Cash -€17,569
down €17,569 (-70.4%), from €24,969 to €7,400
mainly Debts after one year (-€29,316) and Net result for the year (-€18,739)
- Debts after one year -€29,316
down €29,316 (-6.1%), from €478,770 to €449,454
of which Financial debts: -€19,692
- Profit (loss) carried forward -€18,739
down €18,739 (-15.4%), from -€122,007 to -€140,746
- Gross operating margin -€56,968
down €56,968 (-67.5%), from €84,399 to €27,431
- Depreciation +€1,118
up €1,118 (+3.6%), from €30,808 to €31,926
- Financial charges -€1,105
down €1,105 (-9.9%), from €11,161 to €10,056
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.
Cash bridge derived
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 | €400,501 | €352,434 | -€48,067 | -12.0% |
| Fixed assets | 21/28 | €352,691 | €323,910 | -€28,781 | -8.2% |
| Tangible fixed assets | 22/27 | €352,241 | €323,460 | -€28,781 | -8.2% |
| Land and buildings | 22 | €331,903 | €305,188 | -€26,715 | -8.0% |
| Plant, machinery and equipment | 23 | €10,499 | €10,954 | +€455 | +4.3% |
| Furniture and vehicles | 24 | €9,839 | €7,318 | -€2,521 | -25.6% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €47,810 | €28,524 | -€19,286 | -40.3% |
| Stocks and contracts in progress | 3 | €3,653 | €2,000 | -€1,653 | -45.2% |
| Stocks | 30/36 | €3,653 | €2,000 | -€1,653 | -45.2% |
| Amounts receivable within one year | 40/41 | €15,468 | €15,287 | -€181 | -1.2% |
| Trade receivables | 40 | €15,468 | €15,287 | -€181 | -1.2% |
| Cash at bank and in hand | 54/58 | €24,969 | €7,400 | -€17,569 | -70.4% |
| Deferred charges and accrued income | 490/1 | €3,721 | €3,837 | +€116 | +3.1% |
| Total equity and liabilities | 10/49 | €400,501 | €352,434 | -€48,067 | -12.0% |
| Equity | 10/15 | -€103,457 | -€122,196 | -€18,739 | -18.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,007 | -€140,746 | -€18,739 | -15.4% |
| Amounts payable | 17/49 | €503,958 | €474,630 | -€29,328 | -5.8% |
| Amounts payable after more than one year | 17 | €478,770 | €449,454 | -€29,316 | -6.1% |
| Financial debts | 170/4 | €180,874 | €161,183 | -€19,692 | -10.9% |
| Other amounts payable | 178/9 | €297,896 | €288,271 | -€9,624 | -3.2% |
| Amounts payable within one year | 42/48 | €24,024 | €25,176 | +€1,152 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €18,756 | €19,692 | +€935 | +5.0% |
| Trade debts | 44 | €3,280 | €133 | -€3,147 | -95.9% |
| Suppliers | 440/4 | €3,280 | €133 | -€3,147 | -95.9% |
| Taxes, remuneration and social security | 45 | €28 | €3,391 | +€3,363 | +11939.0% |
| Taxes | 450/3 | €28 | €3,391 | +€3,363 | +11939.0% |
| Other amounts payable | 47/48 | €1,960 | €1,960 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,164 | €0 | -€1,164 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,808 | €31,926 | +€1,118 | +3.6% |
| Other operating charges | 640/8 | €4,426 | €4,200 | -€226 | -5.1% |
| Gross operating margin | 9900 | €84,399 | €27,431 | -€56,968 | -67.5% |
| Operating profit (loss) | 9901 | €49,165 | -€8,695 | -€57,860 | |
| Financial income | 75/76B | €201 | €12 | -€189 | -94.0% |
| Recurring financial income | 75 | €201 | €12 | -€189 | -94.0% |
| Financial charges | 65/66B | €11,161 | €10,056 | -€1,105 | -9.9% |
| Recurring financial charges | 65 | €11,161 | €10,056 | -€1,105 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €38,204 | -€18,739 | -€56,943 | |
| Profit (loss) for the period | 9904 | €38,204 | -€18,739 | -€56,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,204 | -€18,739 | -€56,943 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.