GILLES CONSTRUCTIONS: 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 CONSTRUCTIONS
Largest movements
- Receivables within one year +€36,500
up €36,500 (+45.3%), from €80,489 to €116,989
of which Trade receivables: +€34,056
- Stocks and contracts -€30,000
no longer reported in 2024 (was €30,000)
- Deferred charges and accrued income -€29,302
down €29,302 (-85.0%), from €34,464 to €5,162
- Cash -€16,429
down €16,429 (-99.7%), from €16,475 to €46
mainly Net result for the year (-€111,185) and Receivables within one year (-€36,500)
- Tangible fixed assets -€9,966
down €9,966 (-45.0%), from €22,138 to €12,172
of which Furniture and vehicles: -€5,186
- Profit (loss) carried forward -€110,255
new in 2024: -€110,255
- Tax, wage and social debts +€51,181
up €51,181 (+63.0%), from €81,236 to €132,417
of which Remuneration and social security: +€53,722
- Trade debts +€10,221
up €10,221 (+12.1%), from €84,574 to €94,795
- Debts after one year -€4,729
no longer reported in 2024 (was €4,729)
- Other debts +€4,190
up €4,190 (+198.9%), from €2,106 to €6,296
- Gross operating margin -€122,715
down €122,715 (-46.0%), from €266,987 to €144,273
- Depreciation -€5,173
down €5,173 (-34.2%), from €15,139 to €9,966
- Staff costs -€3,360
down €3,360 (-1.4%), from €243,773 to €240,413
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 | €184,066 | €134,868 | -€49,197 | -26.7% |
| Fixed assets | 21/28 | €22,638 | €12,672 | -€9,966 | -44.0% |
| Tangible fixed assets | 22/27 | €22,138 | €12,172 | -€9,966 | -45.0% |
| Plant, machinery and equipment | 23 | €11,177 | €6,397 | -€4,780 | -42.8% |
| Furniture and vehicles | 24 | €10,961 | €5,775 | -€5,186 | -47.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €161,428 | €122,197 | -€39,231 | -24.3% |
| Stocks and contracts in progress | 3 | €30,000 | - | -€30,000 | |
| Stocks | 30/36 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €80,489 | €116,989 | +€36,500 | +45.3% |
| Trade receivables | 40 | €80,489 | €114,545 | +€34,056 | +42.3% |
| Other amounts receivable | 41 | - | €2,444 | +€2,444 | |
| Cash at bank and in hand | 54/58 | €16,475 | €46 | -€16,429 | -99.7% |
| Deferred charges and accrued income | 490/1 | €34,464 | €5,162 | -€29,302 | -85.0% |
| Total equity and liabilities | 10/49 | €184,066 | €134,868 | -€49,197 | -26.7% |
| Equity | 10/15 | €7,750 | -€103,435 | -€111,185 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,550 | €620 | -€930 | -60.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €930 | - | -€930 | |
| Profit (loss) carried forward | 14 | - | -€110,255 | -€110,255 | |
| Amounts payable | 17/49 | €176,316 | €238,303 | +€61,988 | +35.2% |
| Amounts payable after more than one year | 17 | €4,729 | - | -€4,729 | |
| Financial debts | 170/4 | €4,729 | - | -€4,729 | |
| Amounts payable within one year | 42/48 | €171,586 | €238,237 | +€66,651 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €3,671 | €4,729 | +€1,059 | +28.8% |
| Trade debts | 44 | €84,574 | €94,795 | +€10,221 | +12.1% |
| Suppliers | 440/4 | €84,574 | €94,795 | +€10,221 | +12.1% |
| Taxes, remuneration and social security | 45 | €81,236 | €132,417 | +€51,181 | +63.0% |
| Taxes | 450/3 | €16,440 | €13,899 | -€2,541 | -15.5% |
| Remuneration and social security | 454/9 | €64,796 | €118,519 | +€53,722 | +82.9% |
| Other amounts payable | 47/48 | €2,106 | €6,296 | +€4,190 | +198.9% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Remuneration, social security and pensions | 62 | €243,773 | €240,413 | -€3,360 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,139 | €9,966 | -€5,173 | -34.2% |
| Other operating charges | 640/8 | €3,873 | €3,619 | -€253 | -6.5% |
| Gross operating margin | 9900 | €266,987 | €144,273 | -€122,715 | -46.0% |
| Operating profit (loss) | 9901 | €4,203 | -€109,726 | -€113,929 | |
| Financial income | 75/76B | €78 | €27 | -€51 | -65.5% |
| Recurring financial income | 75 | €78 | €27 | -€51 | -65.5% |
| Financial charges | 65/66B | €3,565 | €1,579 | -€1,986 | -55.7% |
| Recurring financial charges | 65 | €3,565 | €1,579 | -€1,986 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €716 | -€111,278 | -€111,993 | |
| Income taxes | 67/77 | €245 | -€92 | -€338 | |
| Profit (loss) for the period | 9904 | €471 | -€111,185 | -€111,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €471 | -€111,185 | -€111,656 |
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.