GILL: 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.
GILL
Largest movements
- Tangible fixed assets +€24,147
up €24,147 (+2.4%), from €1.0m to €1.0m
of which Plant, machinery and equipment: +€35,425
- Cash -€21,238
down €21,238 (-45.2%), from €46,986 to €25,749
mainly Contributions, distributions and other (-€70,000) and Investment in fixed assets (net) (-€56,494)
- Receivables within one year +€19,510
up €19,510 (+348.6%), from €5,597 to €25,108
of which Trade receivables: +€21,655
- Other debts +€70,000
up €70,000 (+12.9%), from €543,306 to €613,306
- Debts after one year -€42,064
down €42,064 (-17.0%), from €246,926 to €204,862
- Gross operating margin +€39,307
up €39,307 (+42.0%), from €93,575 to €132,882
- Depreciation -€29,295
down €29,295 (-47.5%), from €61,642 to €32,347
- Other operating charges +€1,372
up €1,372 (+13.1%), from €10,481 to €11,853
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 | €1,135,803 | €1,169,623 | +€33,820 | +3.0% |
| Fixed assets | 21/28 | €1,002,520 | €1,026,667 | +€24,147 | +2.4% |
| Tangible fixed assets | 22/27 | €1,002,520 | €1,026,667 | +€24,147 | +2.4% |
| Land and buildings | 22 | €998,648 | €987,370 | -€11,278 | -1.1% |
| Plant, machinery and equipment | 23 | €3,872 | €39,296 | +€35,425 | +915.0% |
| Current assets | 29/58 | €133,284 | €142,956 | +€9,673 | +7.3% |
| Amounts receivable after more than one year | 29 | €77,500 | €77,500 | = | 0.0% |
| Other amounts receivable | 291 | €77,500 | €77,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,597 | €25,108 | +€19,510 | +348.6% |
| Trade receivables | 40 | €0 | €21,655 | +€21,655 | |
| Other amounts receivable | 41 | €5,597 | €3,453 | -€2,145 | -38.3% |
| Cash at bank and in hand | 54/58 | €46,986 | €25,749 | -€21,238 | -45.2% |
| Deferred charges and accrued income | 490/1 | €3,200 | €14,600 | +€11,400 | +356.3% |
| Total equity and liabilities | 10/49 | €1,135,803 | €1,169,623 | +€33,820 | +3.0% |
| Equity | 10/15 | €234,394 | €243,106 | +€8,712 | +3.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €134,394 | €143,106 | +€8,712 | +6.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €124,394 | €133,106 | +€8,712 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €901,409 | €926,517 | +€25,108 | +2.8% |
| Amounts payable after more than one year | 17 | €246,926 | €204,862 | -€42,064 | -17.0% |
| Financial debts | 170/4 | €246,926 | €204,862 | -€42,064 | -17.0% |
| Amounts payable within one year | 42/48 | €649,876 | €719,463 | +€69,586 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €46,937 | €42,064 | -€4,874 | -10.4% |
| Trade debts | 44 | €55,682 | €55,897 | +€215 | +0.4% |
| Suppliers | 440/4 | €55,682 | €55,897 | +€215 | +0.4% |
| Taxes, remuneration and social security | 45 | €3,950 | €8,196 | +€4,245 | +107.5% |
| Taxes | 450/3 | €3,950 | €8,196 | +€4,245 | +107.5% |
| Other amounts payable | 47/48 | €543,306 | €613,306 | +€70,000 | +12.9% |
| Accrued charges and deferred income | 492/3 | €4,607 | €2,192 | -€2,415 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,642 | €32,347 | -€29,295 | -47.5% |
| Other operating charges | 640/8 | €10,481 | €11,853 | +€1,372 | +13.1% |
| Gross operating margin | 9900 | €93,575 | €132,882 | +€39,307 | +42.0% |
| Operating profit (loss) | 9901 | €21,452 | €88,682 | +€67,230 | +313.4% |
| Financial income | 75/76B | €3,540 | €3,237 | -€304 | -8.6% |
| Recurring financial income | 75 | €3,540 | €3,237 | -€304 | -8.6% |
| Financial charges | 65/66B | €10,097 | €10,037 | -€60 | -0.6% |
| Recurring financial charges | 65 | €10,097 | €10,037 | -€60 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €14,895 | €81,882 | +€66,987 | +449.7% |
| Income taxes | 67/77 | €4,050 | €3,169 | -€881 | -21.7% |
| Profit (loss) for the period | 9904 | €10,845 | €78,712 | +€67,867 | +625.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,845 | €78,712 | +€67,867 | +625.8% |
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 1 October 2026 via checked.be.