Gilles: 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.
Gilles
Largest movements
- Tangible fixed assets -€4,609
down €4,609 (-35.5%), from €12,970 to €8,361
of which Plant, machinery and equipment: -€2,712
- Trade debts -€7,251
down €7,251 (-29.8%), from €24,298 to €17,047
- Financial charges -€3,870
down €3,870 (-78.1%), from €4,957 to €1,086
- Gross operating margin -€2,908
down €2,908 (-3.3%), from €87,087 to €84,180
- Other operating charges +€1,594
up €1,594 (+104%), from €1,531 to €3,124
- Staff costs -€1,056
down €1,056 (-1.3%), from €78,519 to €77,463
- Depreciation -€1,031
down €1,031 (-18.3%), from €5,640 to €4,609
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.
Derived cash bridge
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 | €383,634 | €370,925 | -€12,709 | -3.3% |
| Fixed assets | 21/28 | €20,584 | €15,975 | -€4,609 | -22.4% |
| Tangible fixed assets | 22/27 | €12,970 | €8,361 | -€4,609 | -35.5% |
| Plant, machinery and equipment | 23 | €10,053 | €7,341 | -€2,712 | -27.0% |
| Furniture and vehicles | 24 | €174 | - | -€174 | |
| Other tangible fixed assets | 26 | €2,743 | €1,020 | -€1,723 | -62.8% |
| Financial fixed assets | 28 | €7,615 | €7,615 | = | 0.0% |
| Current assets | 29/58 | €363,049 | €354,949 | -€8,100 | -2.2% |
| Stocks and contracts in progress | 3 | €17,130 | €15,657 | -€1,473 | -8.6% |
| Stocks | 30/36 | €17,130 | €15,657 | -€1,473 | -8.6% |
| Amounts receivable within one year | 40/41 | €338,942 | €335,499 | -€3,444 | -1.0% |
| Trade receivables | 40 | €5,520 | €1,981 | -€3,540 | -64.1% |
| Other amounts receivable | 41 | €333,422 | €333,518 | +€96 | 0.0% |
| Cash at bank and in hand | 54/58 | €5,621 | €2,310 | -€3,311 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,356 | €1,484 | +€128 | +9.4% |
| Total equity and liabilities | 10/49 | €383,634 | €370,925 | -€12,709 | -3.3% |
| Equity | 10/15 | €319,501 | €317,195 | -€2,306 | -0.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €285,187 | €285,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €282,089 | €282,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,327 | €1,021 | -€2,306 | -69.3% |
| Amounts payable | 17/49 | €64,132 | €53,730 | -€10,402 | -16.2% |
| Amounts payable within one year | 42/48 | €64,132 | €53,730 | -€10,402 | -16.2% |
| Trade debts | 44 | €24,298 | €17,047 | -€7,251 | -29.8% |
| Suppliers | 440/4 | €24,298 | €17,047 | -€7,251 | -29.8% |
| Taxes, remuneration and social security | 45 | €39,835 | €36,683 | -€3,152 | -7.9% |
| Taxes | 450/3 | €19,134 | €21,861 | +€2,727 | +14.3% |
| Remuneration and social security | 454/9 | €20,701 | €14,821 | -€5,879 | -28.4% |
| Non-recurring operating income | 76A | €6,477 | - | -€6,477 | |
| Remuneration, social security and pensions | 62 | €78,519 | €77,463 | -€1,056 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,640 | €4,609 | -€1,031 | -18.3% |
| Other operating charges | 640/8 | €1,531 | €3,124 | +€1,594 | +104% |
| Gross operating margin | 9900 | €87,087 | €84,180 | -€2,908 | -3.3% |
| Operating profit (loss) | 9901 | €1,397 | -€1,017 | -€2,414 | |
| Financial income | 75/76B | €1,037 | €1,058 | +€21 | +2.0% |
| Recurring financial income | 75 | €1,037 | €1,058 | +€21 | +2.0% |
| Financial charges | 65/66B | €4,957 | €1,086 | -€3,870 | -78.1% |
| Recurring financial charges | 65 | €4,957 | €1,086 | -€3,870 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,522 | -€1,045 | +€1,477 | +58.6% |
| Income taxes | 67/77 | €323 | €1,262 | +€938 | +290% |
| Profit (loss) for the period | 9904 | -€2,846 | -€2,306 | +€539 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,846 | -€2,306 | +€539 | +18.9% |
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 19 October 2026 via checked.be.