GILLAGH: 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.
GILLAGH
Largest movements
- Receivables within one year +€113,491
up €113,491 (+32.5%), from €349,342 to €462,833
of which Trade receivables: +€112,676
- Cash +€30,875
up €30,875 (+46.8%), from €66,028 to €96,903
mainly Trade debts (+€134,251) and Tax, wage and social debts (+€23,487)
- Trade debts +€134,251
up €134,251 (+26.1%), from €513,639 to €647,890
- Tax, wage and social debts +€23,487
up €23,487 (+41.0%), from €57,325 to €80,812
of which Taxes: +€23,224
- Current portion of long-term debt -€17,004
no longer reported in 2024 (was €17,004)
- Gross operating margin -€17,740
down €17,740 (-5.7%), from €309,366 to €291,627
- Depreciation -€10,609
down €10,609 (-54.1%), from €19,593 to €8,984
- Staff costs -€3,483
down €3,483 (-1.4%), from €241,268 to €237,785
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,304,714 | €1,426,076 | +€121,362 | +9.3% |
| Formation expenses | 20 | €427 | - | -€427 | |
| Fixed assets | 21/28 | €30,057 | €22,156 | -€7,901 | -26.3% |
| Tangible fixed assets | 22/27 | €29,940 | €22,039 | -€7,901 | -26.4% |
| Plant, machinery and equipment | 23 | €10,146 | €9,094 | -€1,052 | -10.4% |
| Furniture and vehicles | 24 | €1,057 | - | -€1,057 | |
| Other tangible fixed assets | 26 | €18,737 | €12,945 | -€5,791 | -30.9% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €1,274,230 | €1,403,920 | +€129,689 | +10.2% |
| Stocks and contracts in progress | 3 | €853,333 | €840,986 | -€12,346 | -1.4% |
| Stocks | 30/36 | €853,333 | €840,986 | -€12,346 | -1.4% |
| Amounts receivable within one year | 40/41 | €349,342 | €462,833 | +€113,491 | +32.5% |
| Trade receivables | 40 | €188,165 | €300,841 | +€112,676 | +59.9% |
| Other amounts receivable | 41 | €161,177 | €161,992 | +€815 | +0.5% |
| Cash at bank and in hand | 54/58 | €66,028 | €96,903 | +€30,875 | +46.8% |
| Deferred charges and accrued income | 490/1 | €5,528 | €3,197 | -€2,330 | -42.2% |
| Total equity and liabilities | 10/49 | €1,304,714 | €1,426,076 | +€121,362 | +9.3% |
| Equity | 10/15 | €410,219 | €412,098 | +€1,879 | +0.5% |
| Contributions | 10/11 | €1,043,600 | €1,043,600 | = | 0.0% |
| Capital | 10 | €1,043,600 | €1,043,600 | = | 0.0% |
| Issued capital | 100 | €1,043,600 | €1,043,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€633,381 | -€631,502 | +€1,879 | +0.3% |
| Amounts payable | 17/49 | €894,495 | €1,013,978 | +€119,483 | +13.4% |
| Amounts payable within one year | 42/48 | €883,798 | €1,011,804 | +€128,007 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €17,004 | - | -€17,004 | |
| Financial debts | 43 | €225,000 | €225,000 | = | 0.0% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Trade debts | 44 | €513,639 | €647,890 | +€134,251 | +26.1% |
| Suppliers | 440/4 | €513,639 | €647,890 | +€134,251 | +26.1% |
| Taxes, remuneration and social security | 45 | €57,325 | €80,812 | +€23,487 | +41.0% |
| Taxes | 450/3 | €10,960 | €34,184 | +€23,224 | +211.9% |
| Remuneration and social security | 454/9 | €46,365 | €46,627 | +€263 | +0.6% |
| Other amounts payable | 47/48 | €70,829 | €58,103 | -€12,727 | -18.0% |
| Accrued charges and deferred income | 492/3 | €10,697 | €2,174 | -€8,524 | -79.7% |
| Remuneration, social security and pensions | 62 | €241,268 | €237,785 | -€3,483 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,593 | €8,984 | -€10,609 | -54.1% |
| Other operating charges | 640/8 | €29,107 | €26,557 | -€2,550 | -8.8% |
| Gross operating margin | 9900 | €309,366 | €291,627 | -€17,740 | -5.7% |
| Operating profit (loss) | 9901 | €19,398 | €18,301 | -€1,097 | -5.7% |
| Financial income | 75/76B | €897 | €887 | -€10 | -1.2% |
| Recurring financial income | 75 | €897 | €887 | -€10 | -1.2% |
| Financial charges | 65/66B | €17,434 | €17,309 | -€125 | -0.7% |
| Recurring financial charges | 65 | €17,434 | €17,309 | -€125 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €2,861 | €1,879 | -€983 | -34.3% |
| Profit (loss) for the period | 9904 | €2,861 | €1,879 | -€983 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,861 | €1,879 | -€983 | -34.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.