Gillermo: what changed
Gillermo
Largest movements
- Tangible fixed assets +€32,507
up €32,507 (+2,143%), from €1,517 to €34,024
of which Land and buildings: +€29,419
- Receivables within one year +€4,316
up €4,316 (+2,493%), from €173 to €4,489
of which Other amounts receivable: +€4,281
- Cash -€3,608
down €3,608 (-20.1%), from €17,954 to €14,346
mainly Investment in fixed assets (net) (-€33,780) and Contributions, distributions and other (-€32,462)
- Deferred charges and accrued income -€994
down €994 (-52.2%), from €1,906 to €912
- Other debts +€33,150
up €33,150, from €0 to €33,150
- Reserves -€9,421
down €9,421 (-100%), from €9,421 to €0
- Debts after one year +€8,696
new in 2025: €8,696
- Current portion of long-term debt +€2,310
new in 2025: €2,310
- Tax, wage and social debts -€1,292
down €1,292 (-24.5%), from €5,283 to €3,991
- Gross operating margin +€6,170
up €6,170 (+23.1%), from €26,694 to €32,863
- Taxes +€3,282
up €3,282 (+106%), from €3,110 to €6,392
- Other operating charges +€764
up €764 (+185%), from €413 to €1,177
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,549 | €53,770 | +€32,221 | +150% |
| Fixed assets | 21/28 | €1,517 | €34,024 | +€32,507 | +2,143% |
| Tangible fixed assets | 22/27 | €1,517 | €34,024 | +€32,507 | +2,143% |
| Land and buildings | 22 | - | €29,419 | +€29,419 | |
| Plant, machinery and equipment | 23 | €398 | €256 | -€143 | -35.8% |
| Furniture and vehicles | 24 | €1,118 | €4,349 | +€3,230 | +289% |
| Current assets | 29/58 | €20,033 | €19,746 | -€287 | -1.4% |
| Amounts receivable within one year | 40/41 | €173 | €4,489 | +€4,316 | +2,493% |
| Trade receivables | 40 | €145 | €179 | +€34 | +23.8% |
| Other amounts receivable | 41 | €29 | €4,310 | +€4,281 | +14,953% |
| Cash at bank and in hand | 54/58 | €17,954 | €14,346 | -€3,608 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,906 | €912 | -€994 | -52.2% |
| Total equity and liabilities | 10/49 | €21,549 | €53,770 | +€32,221 | +150% |
| Equity | 10/15 | €14,421 | €5,000 | -€9,421 | -65.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,421 | €0 | -€9,421 | -100% |
| Distributable reserves | 133 | €9,421 | €0 | -€9,421 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,128 | €48,770 | +€41,642 | +584% |
| Amounts payable after more than one year | 17 | - | €8,696 | +€8,696 | |
| Financial debts | 170/4 | - | €8,696 | +€8,696 | |
| Amounts payable within one year | 42/48 | €7,128 | €40,074 | +€32,946 | +462% |
| Current portion of amounts payable after more than one year | 42 | - | €2,310 | +€2,310 | |
| Trade debts | 44 | €1,845 | €623 | -€1,222 | -66.2% |
| Suppliers | 440/4 | €1,845 | €623 | -€1,222 | -66.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,283 | €3,991 | -€1,292 | -24.5% |
| Taxes | 450/3 | €5,283 | €3,991 | -€1,292 | -24.5% |
| Other amounts payable | 47/48 | €0 | €33,150 | +€33,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €1,273 | +€310 | +32.2% |
| Other operating charges | 640/8 | €413 | €1,177 | +€764 | +185% |
| Gross operating margin | 9900 | €26,694 | €32,863 | +€6,170 | +23.1% |
| Operating profit (loss) | 9901 | €25,318 | €30,414 | +€5,096 | +20.1% |
| Financial income | 75/76B | €0 | €29 | +€29 | |
| Recurring financial income | 75 | €0 | €29 | +€29 | |
| Financial charges | 65/66B | €907 | €1,010 | +€103 | +11.4% |
| Recurring financial charges | 65 | €907 | €1,010 | +€103 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €24,411 | €29,433 | +€5,021 | +20.6% |
| Income taxes | 67/77 | €3,110 | €6,392 | +€3,282 | +106% |
| Profit (loss) for the period | 9904 | €21,301 | €23,041 | +€1,740 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,301 | €23,041 | +€1,740 | +8.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.