GilLAW: 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.
GilLAW
Largest movements
- Receivables within one year +€63,236
up €63,236 (+226.5%), from €27,916 to €91,152
of which Trade receivables: +€63,423
- Cash +€31,342
up €31,342 (+40.8%), from €76,895 to €108,237
mainly Net result for the year (+€78,314) and Other debts (+€65,057)
- Intangible fixed assets +€4,854
up €4,854 (+6613.3%), from €73 to €4,927
- Other debts +€65,057
up €65,057 (+93.9%), from €69,271 to €134,328
- Tax, wage and social debts +€13,006
up €13,006 (+122.0%), from €10,658 to €23,664
of which Taxes: +€9,059
- Profit (loss) carried forward +€8,314
up €8,314 (+28.1%), from €29,552 to €37,866
- Trade debts +€6,685
up €6,685 (+90.5%), from €7,387 to €14,073
- Current portion of long-term debt +€5,055
new in 2025: €5,055
- Gross operating margin +€31,373
up €31,373 (+26.1%), from €120,367 to €151,740
- Taxes +€4,391
up €4,391 (+24.7%), from €17,762 to €22,152
- Staff costs +€4,127
up €4,127 (+12.0%), from €34,476 to €38,602
- Other operating charges +€3,008
up €3,008 (+244.7%), from €1,229 to €4,237
- Depreciation +€2,666
up €2,666 (+91.0%), from €2,928 to €5,594
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 | €119,881 | €217,986 | +€98,105 | +81.8% |
| Fixed assets | 21/28 | €10,504 | €14,233 | +€3,729 | +35.5% |
| Intangible fixed assets | 21 | €73 | €4,927 | +€4,854 | +6613.3% |
| Tangible fixed assets | 22/27 | €10,431 | €9,307 | -€1,124 | -10.8% |
| Furniture and vehicles | 24 | €10,431 | €9,307 | -€1,124 | -10.8% |
| Current assets | 29/58 | €109,377 | €203,753 | +€94,375 | +86.3% |
| Amounts receivable within one year | 40/41 | €27,916 | €91,152 | +€63,236 | +226.5% |
| Trade receivables | 40 | €27,729 | €91,152 | +€63,423 | +228.7% |
| Other amounts receivable | 41 | €187 | - | -€187 | |
| Cash at bank and in hand | 54/58 | €76,895 | €108,237 | +€31,342 | +40.8% |
| Deferred charges and accrued income | 490/1 | €4,566 | €4,364 | -€203 | -4.4% |
| Total equity and liabilities | 10/49 | €119,881 | €217,986 | +€98,105 | +81.8% |
| Equity | 10/15 | €32,552 | €40,866 | +€8,314 | +25.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,552 | €37,866 | +€8,314 | +28.1% |
| Amounts payable | 17/49 | €87,329 | €177,120 | +€89,791 | +102.8% |
| Amounts payable within one year | 42/48 | €87,317 | €177,120 | +€89,803 | +102.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,055 | +€5,055 | |
| Trade debts | 44 | €7,387 | €14,073 | +€6,685 | +90.5% |
| Suppliers | 440/4 | €7,387 | €14,073 | +€6,685 | +90.5% |
| Taxes, remuneration and social security | 45 | €10,658 | €23,664 | +€13,006 | +122.0% |
| Taxes | 450/3 | €8,403 | €17,462 | +€9,059 | +107.8% |
| Remuneration and social security | 454/9 | €2,256 | €6,202 | +€3,947 | +175.0% |
| Other amounts payable | 47/48 | €69,271 | €134,328 | +€65,057 | +93.9% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Remuneration, social security and pensions | 62 | €34,476 | €38,602 | +€4,127 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €5,594 | +€2,666 | +91.0% |
| Other operating charges | 640/8 | €1,229 | €4,237 | +€3,008 | +244.7% |
| Gross operating margin | 9900 | €120,367 | €151,740 | +€31,373 | +26.1% |
| Operating profit (loss) | 9901 | €81,734 | €103,307 | +€21,572 | +26.4% |
| Financial income | 75/76B | €1,070 | €3 | -€1,067 | -99.7% |
| Recurring financial income | 75 | €1,070 | €3 | -€1,067 | -99.7% |
| Financial charges | 65/66B | €210 | €2,844 | +€2,634 | +1256.0% |
| Recurring financial charges | 65 | €210 | €2,844 | +€2,634 | +1256.0% |
| Profit (loss) for the period before taxes | 9903 | €82,595 | €100,466 | +€17,871 | +21.6% |
| Income taxes | 67/77 | €17,762 | €22,152 | +€4,391 | +24.7% |
| Profit (loss) for the period | 9904 | €64,833 | €78,314 | +€13,481 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,833 | €78,314 | +€13,481 | +20.8% |
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 7 October 2026 via checked.be.