Gilles Cools: 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 Cools
Largest movements
- Receivables after one year +€76,000
up €76,000 (+506.7%), from €15,000 to €91,000
of which Trade receivables: +€76,000
- Financial fixed assets -€64,590
down €64,590 (-46.9%), from €137,793 to €73,203
- Cash +€37,319
up €37,319 (+290.0%), from €12,867 to €50,186
mainly Net result for the year (+€112,342) and Other debts (+€110,916)
- Receivables within one year +€30,653
up €30,653 (+31.4%), from €97,575 to €128,228
of which Trade receivables: +€25,570
- Tangible fixed assets -€8,001
down €8,001 (-31.5%), from €25,373 to €17,372
of which Furniture and vehicles: -€7,700
- Other debts +€110,916
up €110,916 (+725.7%), from €15,284 to €126,200
- Debts after one year -€21,306
down €21,306 (-21.8%), from €97,527 to €76,221
- Tax, wage and social debts -€7,950
down €7,950 (-28.1%), from €28,249 to €20,299
of which Taxes: -€7,165
- Reserves -€7,658
down €7,658 (-6.5%), from €118,083 to €110,425
- Gross operating margin +€61,846
up €61,846 (+59.9%), from €103,199 to €165,045
- Taxes +€16,557
up €16,557 (+66.4%), from €24,943 to €41,500
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 | €292,270 | €363,414 | +€71,145 | +24.3% |
| Fixed assets | 21/28 | €163,166 | €90,575 | -€72,591 | -44.5% |
| Tangible fixed assets | 22/27 | €25,373 | €17,372 | -€8,001 | -31.5% |
| Furniture and vehicles | 24 | €19,661 | €11,961 | -€7,700 | -39.2% |
| Other tangible fixed assets | 26 | €5,712 | €5,411 | -€301 | -5.3% |
| Financial fixed assets | 28 | €137,793 | €73,203 | -€64,590 | -46.9% |
| Current assets | 29/58 | €129,104 | €272,839 | +€143,736 | +111.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €91,000 | +€76,000 | +506.7% |
| Trade receivables | 290 | - | €76,000 | +€76,000 | |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,575 | €128,228 | +€30,653 | +31.4% |
| Trade receivables | 40 | €97,575 | €123,145 | +€25,570 | +26.2% |
| Other amounts receivable | 41 | - | €5,083 | +€5,083 | |
| Cash at bank and in hand | 54/58 | €12,867 | €50,186 | +€37,319 | +290.0% |
| Deferred charges and accrued income | 490/1 | €3,661 | €3,425 | -€236 | -6.4% |
| Total equity and liabilities | 10/49 | €292,270 | €363,414 | +€71,145 | +24.3% |
| Equity | 10/15 | €123,083 | €115,425 | -€7,658 | -6.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €118,083 | €110,425 | -€7,658 | -6.5% |
| Distributable reserves | 133 | €118,083 | €110,425 | -€7,658 | -6.5% |
| Amounts payable | 17/49 | €169,186 | €247,989 | +€78,803 | +46.6% |
| Amounts payable after more than one year | 17 | €97,527 | €76,221 | -€21,306 | -21.8% |
| Financial debts | 170/4 | €97,527 | €76,221 | -€21,306 | -21.8% |
| Amounts payable within one year | 42/48 | €71,275 | €171,768 | +€100,493 | +141.0% |
| Current portion of amounts payable after more than one year | 42 | €21,014 | €21,306 | +€292 | +1.4% |
| Trade debts | 44 | €6,728 | €3,963 | -€2,765 | -41.1% |
| Suppliers | 440/4 | €6,728 | €3,963 | -€2,765 | -41.1% |
| Taxes, remuneration and social security | 45 | €28,249 | €20,299 | -€7,950 | -28.1% |
| Taxes | 450/3 | €25,464 | €18,299 | -€7,165 | -28.1% |
| Remuneration and social security | 454/9 | €2,785 | €2,000 | -€785 | -28.2% |
| Other amounts payable | 47/48 | €15,284 | €126,200 | +€110,916 | +725.7% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Non-recurring operating income | 76A | - | €35,410 | +€35,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,001 | €8,001 | = | 0.0% |
| Other operating charges | 640/8 | €2,045 | €2,166 | +€121 | +5.9% |
| Gross operating margin | 9900 | €103,199 | €165,045 | +€61,846 | +59.9% |
| Operating profit (loss) | 9901 | €93,153 | €154,878 | +€61,726 | +66.3% |
| Financial income | 75/76B | €669 | €804 | +€135 | +20.1% |
| Recurring financial income | 75 | €669 | €804 | +€135 | +20.1% |
| Financial charges | 65/66B | €2,151 | €1,840 | -€311 | -14.5% |
| Recurring financial charges | 65 | €2,151 | €1,840 | -€311 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €91,671 | €153,842 | +€62,172 | +67.8% |
| Income taxes | 67/77 | €24,943 | €41,500 | +€16,557 | +66.4% |
| Profit (loss) for the period | 9904 | €66,728 | €112,342 | +€45,614 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,728 | €112,342 | +€45,614 | +68.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.