GILLES: 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.
GILLES
Largest movements
- Cash +€130,081
up €130,081 (+42.8%), from €304,143 to €434,225
mainly Other debts (+€144,495) and Net result for the year (+€49,069)
- Stocks and contracts -€47,997
down €47,997 (-13.2%), from €364,032 to €316,035
- Tangible fixed assets +€44,376
up €44,376 (+113.4%), from €39,146 to €83,523
of which Plant, machinery and equipment: +€58,813
- Receivables within one year -€27,171
down €27,171 (-37.1%), from €73,227 to €46,057
of which Trade receivables: -€19,970
- Other debts +€144,495
up €144,495 (+931.9%), from €15,505 to €160,000
- Reserves -€100,000
down €100,000 (-13.0%), from €770,213 to €670,213
of which Distributable reserves: -€100,000
- Debts after one year +€32,529
up €32,529 (+1244.6%), from €2,614 to €35,142
- Trade debts +€17,603
up €17,603 (+10.1%), from €174,377 to €191,980
- Write-downs +€25,744
up €25,744, from -€14,105 to €11,639
- Gross operating margin -€11,031
down €11,031 (-4.2%), from €262,458 to €251,427
- Staff costs -€9,010
down €9,010 (-5.8%), from €154,524 to €145,515
- Taxes -€5,477
down €5,477 (-22.8%), from €24,055 to €18,578
- Depreciation -€3,609
down €3,609 (-14.3%), from €25,248 to €21,639
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 | €1,190,758 | €1,293,007 | +€102,249 | +8.6% |
| Fixed assets | 21/28 | €39,196 | €83,572 | +€44,376 | +113.2% |
| Tangible fixed assets | 22/27 | €39,146 | €83,523 | +€44,376 | +113.4% |
| Plant, machinery and equipment | 23 | €8,802 | €67,615 | +€58,813 | +668.2% |
| Furniture and vehicles | 24 | €30,344 | €15,908 | -€14,436 | -47.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,151,562 | €1,209,435 | +€57,873 | +5.0% |
| Stocks and contracts in progress | 3 | €364,032 | €316,035 | -€47,997 | -13.2% |
| Stocks | 30/36 | €364,032 | €316,035 | -€47,997 | -13.2% |
| Amounts receivable within one year | 40/41 | €73,227 | €46,057 | -€27,171 | -37.1% |
| Trade receivables | 40 | €48,498 | €28,528 | -€19,970 | -41.2% |
| Other amounts receivable | 41 | €24,729 | €17,529 | -€7,200 | -29.1% |
| Current investments | 50/53 | €401,064 | €403,820 | +€2,756 | +0.7% |
| Cash at bank and in hand | 54/58 | €304,143 | €434,225 | +€130,081 | +42.8% |
| Deferred charges and accrued income | 490/1 | €9,096 | €9,299 | +€204 | +2.2% |
| Total equity and liabilities | 10/49 | €1,190,758 | €1,293,007 | +€102,249 | +8.6% |
| Equity | 10/15 | €948,901 | €837,970 | -€110,931 | -11.7% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €770,213 | €670,213 | -€100,000 | -13.0% |
| Non-distributable reserves | 130/1 | €13,500 | €13,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €756,713 | €656,713 | -€100,000 | -13.2% |
| Profit (loss) carried forward | 14 | €43,688 | €32,757 | -€10,931 | -25.0% |
| Amounts payable | 17/49 | €241,857 | €455,037 | +€213,180 | +88.1% |
| Amounts payable after more than one year | 17 | €2,614 | €35,142 | +€32,529 | +1244.6% |
| Financial debts | 170/4 | €2,614 | €35,142 | +€32,529 | +1244.6% |
| Amounts payable within one year | 42/48 | €239,243 | €419,894 | +€180,651 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | €5,281 | €11,086 | +€5,804 | +109.9% |
| Trade debts | 44 | €174,377 | €191,980 | +€17,603 | +10.1% |
| Suppliers | 440/4 | €174,377 | €191,980 | +€17,603 | +10.1% |
| Taxes, remuneration and social security | 45 | €44,079 | €56,829 | +€12,749 | +28.9% |
| Taxes | 450/3 | €24,037 | €36,011 | +€11,975 | +49.8% |
| Remuneration and social security | 454/9 | €20,043 | €20,817 | +€775 | +3.9% |
| Other amounts payable | 47/48 | €15,505 | €160,000 | +€144,495 | +931.9% |
| Remuneration, social security and pensions | 62 | €154,524 | €145,515 | -€9,010 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,248 | €21,639 | -€3,609 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,105 | €11,639 | +€25,744 | |
| Other operating charges | 640/8 | €8,681 | €7,778 | -€903 | -10.4% |
| Gross operating margin | 9900 | €262,458 | €251,427 | -€11,031 | -4.2% |
| Operating profit (loss) | 9901 | €88,109 | €64,857 | -€23,253 | -26.4% |
| Financial income | 75/76B | €7,419 | €6,909 | -€510 | -6.9% |
| Recurring financial income | 75 | €7,419 | €6,909 | -€510 | -6.9% |
| Financial charges | 65/66B | €5,526 | €4,119 | -€1,407 | -25.5% |
| Recurring financial charges | 65 | €5,526 | €4,119 | -€1,407 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €90,002 | €67,647 | -€22,355 | -24.8% |
| Income taxes | 67/77 | €24,055 | €18,578 | -€5,477 | -22.8% |
| Profit (loss) for the period | 9904 | €65,947 | €49,069 | -€16,878 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,947 | €49,069 | -€16,878 | -25.6% |
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 4 October 2026 via checked.be.