GILL AVIATION: 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.
GILL AVIATION
Largest movements
- Receivables within one year +€237,162
up €237,162 (+69.6%), from €340,530 to €577,692
of which Trade receivables: +€282,565
- Stocks and contracts +€98,798
up €98,798 (+17.9%), from €553,384 to €652,182
of which Stocks: +€90,613
- Cash -€62,967
down €62,967 (-48.5%), from €129,738 to €66,771
mainly Receivables within one year (-€237,162) and Contributions, distributions and other (-€170,000)
- Tangible fixed assets -€16,366
down €16,366 (-7.3%), from €224,192 to €207,825
of which Furniture and vehicles: -€12,009
- Other debts +€130,001
up €130,001 (+291.3%), from €44,628 to €174,628
- Reserves +€112,119
up €112,119 (+46.7%), from €240,142 to €352,261
- Trade debts +€37,705
up €37,705 (+25.6%), from €147,237 to €184,942
- Debts after one year -€34,539
down €34,539 (-10.7%), from €322,847 to €288,308
of which Financial debts: -€28,617
- Gross operating margin +€239,366
up €239,366 (+38.6%), from €619,467 to €858,833
- Taxes +€30,222
up €30,222 (+234.8%), from €12,871 to €43,094
- Provisions -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Staff costs +€18,837
up €18,837 (+4.0%), from €468,850 to €487,687
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 | €1,280,521 | €1,544,210 | +€263,689 | +20.6% |
| Fixed assets | 21/28 | €225,497 | €208,736 | -€16,761 | -7.4% |
| Intangible fixed assets | 21 | €566 | €171 | -€395 | -69.8% |
| Tangible fixed assets | 22/27 | €224,192 | €207,825 | -€16,366 | -7.3% |
| Land and buildings | 22 | €176,268 | €171,589 | -€4,679 | -2.7% |
| Plant, machinery and equipment | 23 | €5,965 | €6,287 | +€322 | +5.4% |
| Furniture and vehicles | 24 | €41,959 | €29,949 | -€12,009 | -28.6% |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €1,055,024 | €1,335,474 | +€280,450 | +26.6% |
| Stocks and contracts in progress | 3 | €553,384 | €652,182 | +€98,798 | +17.9% |
| Stocks | 30/36 | €516,664 | €607,277 | +€90,613 | +17.5% |
| Contracts in progress | 37 | €36,720 | €44,905 | +€8,185 | +22.3% |
| Amounts receivable within one year | 40/41 | €340,530 | €577,692 | +€237,162 | +69.6% |
| Trade receivables | 40 | €295,038 | €577,603 | +€282,565 | +95.8% |
| Other amounts receivable | 41 | €45,492 | €90 | -€45,403 | -99.8% |
| Cash at bank and in hand | 54/58 | €129,738 | €66,771 | -€62,967 | -48.5% |
| Deferred charges and accrued income | 490/1 | €31,372 | €38,828 | +€7,456 | +23.8% |
| Total equity and liabilities | 10/49 | €1,280,521 | €1,544,210 | +€263,689 | +20.6% |
| Equity | 10/15 | €258,734 | €370,853 | +€112,119 | +43.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €240,142 | €352,261 | +€112,119 | +46.7% |
| Distributable reserves | 133 | €240,142 | €352,261 | +€112,119 | +46.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €996,787 | €1,148,357 | +€151,569 | +15.2% |
| Amounts payable after more than one year | 17 | €322,847 | €288,308 | -€34,539 | -10.7% |
| Financial debts | 170/4 | €194,096 | €165,479 | -€28,617 | -14.7% |
| Other amounts payable | 178/9 | €128,751 | €122,829 | -€5,921 | -4.6% |
| Amounts payable within one year | 42/48 | €673,611 | €860,048 | +€186,438 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €33,662 | €28,617 | -€5,044 | -15.0% |
| Financial debts | 43 | €173,001 | €184,271 | +€11,270 | +6.5% |
| Credit institutions | 430/8 | €173,001 | €184,271 | +€11,270 | +6.5% |
| Trade debts | 44 | €147,237 | €184,942 | +€37,705 | +25.6% |
| Suppliers | 440/4 | €147,237 | €184,942 | +€37,705 | +25.6% |
| Advances received on contracts in progress | 46 | €163,305 | €164,345 | +€1,040 | +0.6% |
| Taxes, remuneration and social security | 45 | €111,778 | €123,243 | +€11,465 | +10.3% |
| Taxes | 450/3 | €46,868 | €62,494 | +€15,626 | +33.3% |
| Remuneration and social security | 454/9 | €64,910 | €60,750 | -€4,161 | -6.4% |
| Other amounts payable | 47/48 | €44,628 | €174,628 | +€130,001 | +291.3% |
| Accrued charges and deferred income | 492/3 | €330 | €0 | -€330 | -100.0% |
| Non-recurring operating income | 76A | €0 | €2,900 | +€2,900 | |
| Remuneration, social security and pensions | 62 | €468,850 | €487,687 | +€18,837 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,246 | €21,596 | -€650 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,000 | €0 | -€25,000 | -100.0% |
| Other operating charges | 640/8 | €12,281 | €10,252 | -€2,029 | -16.5% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €619,467 | €858,833 | +€239,366 | +38.6% |
| Operating profit (loss) | 9901 | €91,090 | €338,937 | +€247,848 | +272.1% |
| Financial income | 75/76B | €1,151 | €531 | -€620 | -53.9% |
| Recurring financial income | 75 | €1,151 | €531 | -€620 | -53.9% |
| Financial charges | 65/66B | €16,617 | €14,255 | -€2,361 | -14.2% |
| Recurring financial charges | 65 | €16,617 | €14,255 | -€2,361 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €75,624 | €325,213 | +€249,589 | +330.0% |
| Income taxes | 67/77 | €12,871 | €43,094 | +€30,222 | +234.8% |
| Profit (loss) for the period | 9904 | €62,752 | €282,119 | +€219,367 | +349.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,752 | €282,119 | +€219,367 | +349.6% |
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 9 October 2026 via checked.be.