GILLES Daniel: 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 Daniel
Largest movements
- Cash +€78,402
up €78,402 (+71.7%), from €109,399 to €187,801
mainly Depreciation (+€24,092) and Trade debts (+€24,001)
- Tangible fixed assets -€24,092
down €24,092 (-29.9%), from €80,600 to €56,508
of which Furniture and vehicles: -€21,192
- Receivables within one year -€21,649
down €21,649 (-16.3%), from €133,108 to €111,459
of which Other amounts receivable: -€16,761
- Deferred charges and accrued income -€4,420
down €4,420 (-29.0%), from €15,256 to €10,836
- Trade debts +€24,001
up €24,001 (+96.7%), from €24,817 to €48,818
- Debts after one year -€17,069
down €17,069 (-51.6%), from €33,050 to €15,981
- Tax, wage and social debts +€10,845
up €10,845 (+45.9%), from €23,650 to €34,495
of which Remuneration and social security: +€10,845
- Reserves +€8,549
up €8,549 (+4.2%), from €205,051 to €213,600
of which Distributable reserves: +€8,549
- Staff costs +€47,163
up €47,163 (+32.2%), from €146,543 to €193,706
- Taxes -€13,942
down €13,942 (-73.7%), from €18,925 to €4,983
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 | €351,729 | €379,970 | +€28,241 | +8.0% |
| Fixed assets | 21/28 | €80,600 | €56,508 | -€24,092 | -29.9% |
| Tangible fixed assets | 22/27 | €80,600 | €56,508 | -€24,092 | -29.9% |
| Plant, machinery and equipment | 23 | €11,476 | €10,707 | -€769 | -6.7% |
| Furniture and vehicles | 24 | €66,143 | €44,951 | -€21,192 | -32.0% |
| Leasing and similar rights | 25 | €2,981 | €850 | -€2,131 | -71.5% |
| Current assets | 29/58 | €271,129 | €323,462 | +€52,333 | +19.3% |
| Stocks and contracts in progress | 3 | €13,366 | €13,366 | = | 0.0% |
| Stocks | 30/36 | €13,366 | €13,366 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €133,108 | €111,459 | -€21,649 | -16.3% |
| Trade receivables | 40 | €54,205 | €49,317 | -€4,888 | -9.0% |
| Other amounts receivable | 41 | €78,903 | €62,142 | -€16,761 | -21.2% |
| Cash at bank and in hand | 54/58 | €109,399 | €187,801 | +€78,402 | +71.7% |
| Deferred charges and accrued income | 490/1 | €15,256 | €10,836 | -€4,420 | -29.0% |
| Total equity and liabilities | 10/49 | €351,729 | €379,970 | +€28,241 | +8.0% |
| Equity | 10/15 | €255,057 | €263,607 | +€8,550 | +3.4% |
| Contributions | 10/11 | €46,600 | €46,600 | = | 0.0% |
| Reserves | 13 | €205,051 | €213,600 | +€8,549 | +4.2% |
| Non-distributable reserves | 130/1 | €4,660 | €4,660 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,660 | €4,660 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,901 | €1,901 | = | 0.0% |
| Distributable reserves | 133 | €198,490 | €207,039 | +€8,549 | +4.3% |
| Profit (loss) carried forward | 14 | €3,406 | €3,407 | +€1 | 0.0% |
| Amounts payable | 17/49 | €96,672 | €116,363 | +€19,691 | +20.4% |
| Amounts payable after more than one year | 17 | €33,050 | €15,981 | -€17,069 | -51.6% |
| Financial debts | 170/4 | €33,050 | €15,981 | -€17,069 | -51.6% |
| Amounts payable within one year | 42/48 | €63,622 | €100,382 | +€36,760 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €15,155 | €17,069 | +€1,914 | +12.6% |
| Trade debts | 44 | €24,817 | €48,818 | +€24,001 | +96.7% |
| Suppliers | 440/4 | €24,817 | €48,818 | +€24,001 | +96.7% |
| Taxes, remuneration and social security | 45 | €23,650 | €34,495 | +€10,845 | +45.9% |
| Taxes | 450/3 | €18,568 | €18,568 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,082 | €15,927 | +€10,845 | +213% |
| Remuneration, social security and pensions | 62 | €146,543 | €193,706 | +€47,163 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,146 | €24,092 | -€54 | -0.2% |
| Other operating charges | 640/8 | €2,343 | €562 | -€1,781 | -76.0% |
| Gross operating margin | 9900 | €236,715 | €235,960 | -€755 | -0.3% |
| Operating profit (loss) | 9901 | €63,683 | €17,600 | -€46,083 | -72.4% |
| Financial income | 75/76B | €1,528 | €2,586 | +€1,058 | +69.2% |
| Recurring financial income | 75 | €1,528 | €2,586 | +€1,058 | +69.2% |
| Financial charges | 65/66B | €4,973 | €6,654 | +€1,681 | +33.8% |
| Recurring financial charges | 65 | €4,973 | €6,654 | +€1,681 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €60,238 | €13,532 | -€46,706 | -77.5% |
| Transfer from deferred taxes | 780 | €2 | - | -€2 | |
| Income taxes | 67/77 | €18,925 | €4,983 | -€13,942 | -73.7% |
| Profit (loss) for the period | 9904 | €41,315 | €8,549 | -€32,766 | -79.3% |
| Transfer from tax-exempt reserves | 789 | €1,693 | - | -€1,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,008 | €8,549 | -€34,459 | -80.1% |
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 25 October 2026 via checked.be.