GILLETAX: what changed
GILLETAX
Largest movements
- Receivables within one year -€67,971
down €67,971 (-25.0%), from €272,387 to €204,417
of which Trade receivables: -€48,040
- Deferred charges and accrued income -€7,041
down €7,041 (-75.5%), from €9,321 to €2,280
- Cash -€6,331
down €6,331 (-40.4%), from €15,690 to €9,359
mainly Net result for the year (-€55,707) and Tax, wage and social debts (-€29,409)
- Profit (loss) carried forward -€56,044
down €56,044, from €18,916 to -€37,128
- Tax, wage and social debts -€29,409
down €29,409 (-62.7%), from €46,898 to €17,489
of which Taxes: -€24,845
- Trade debts +€8,629
up €8,629 (+25.6%), from €33,746 to €42,375
- Gross operating margin -€77,359
down €77,359 (-44.7%), from €173,038 to €95,679
- Taxes -€23,087
no longer reported in 2025 (was €23,087)
- Financial charges +€6,651
up €6,651 (+258%), from €2,577 to €9,228
- Financial income -€5,863
down €5,863 (-96.6%), from €6,070 to €207
- Staff costs -€1,864
down €1,864 (-1.5%), from €127,074 to €125,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,964 | €245,821 | -€79,142 | -24.4% |
| Fixed assets | 21/28 | €27,566 | €29,766 | +€2,200 | +8.0% |
| Tangible fixed assets | 22/27 | €27,516 | €29,717 | +€2,200 | +8.0% |
| Furniture and vehicles | 24 | €27,516 | €29,717 | +€2,200 | +8.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €297,398 | €216,055 | -€81,343 | -27.4% |
| Amounts receivable within one year | 40/41 | €272,387 | €204,417 | -€67,971 | -25.0% |
| Trade receivables | 40 | €146,876 | €98,836 | -€48,040 | -32.7% |
| Other amounts receivable | 41 | €125,512 | €105,581 | -€19,931 | -15.9% |
| Cash at bank and in hand | 54/58 | €15,690 | €9,359 | -€6,331 | -40.4% |
| Deferred charges and accrued income | 490/1 | €9,321 | €2,280 | -€7,041 | -75.5% |
| Total equity and liabilities | 10/49 | €324,964 | €245,821 | -€79,142 | -24.4% |
| Equity | 10/15 | €241,948 | €185,904 | -€56,044 | -23.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €216,827 | €216,827 | = | 0.0% |
| Distributable reserves | 133 | €216,827 | €216,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,916 | -€37,128 | -€56,044 | |
| Amounts payable | 17/49 | €83,016 | €59,918 | -€23,098 | -27.8% |
| Amounts payable within one year | 42/48 | €83,016 | €59,918 | -€23,098 | -27.8% |
| Trade debts | 44 | €33,746 | €42,375 | +€8,629 | +25.6% |
| Suppliers | 440/4 | €33,746 | €42,375 | +€8,629 | +25.6% |
| Advances received on contracts in progress | 46 | - | €54 | +€54 | |
| Taxes, remuneration and social security | 45 | €46,898 | €17,489 | -€29,409 | -62.7% |
| Taxes | 450/3 | €24,845 | - | -€24,845 | |
| Remuneration and social security | 454/9 | €22,054 | €17,489 | -€4,564 | -20.7% |
| Other amounts payable | 47/48 | €2,371 | - | -€2,371 | |
| Remuneration, social security and pensions | 62 | €127,074 | €125,210 | -€1,864 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,767 | €15,800 | +€33 | +0.2% |
| Other operating charges | 640/8 | €2,540 | €1,355 | -€1,185 | -46.7% |
| Gross operating margin | 9900 | €173,038 | €95,679 | -€77,359 | -44.7% |
| Operating profit (loss) | 9901 | €27,657 | -€46,686 | -€74,343 | |
| Financial income | 75/76B | €6,070 | €207 | -€5,863 | -96.6% |
| Recurring financial income | 75 | €6,070 | €207 | -€5,863 | -96.6% |
| Financial charges | 65/66B | €2,577 | €9,228 | +€6,651 | +258% |
| Recurring financial charges | 65 | €2,577 | €9,228 | +€6,651 | +258% |
| Profit (loss) for the period before taxes | 9903 | €31,150 | -€55,707 | -€86,856 | |
| Income taxes | 67/77 | €23,087 | - | -€23,087 | |
| Profit (loss) for the period | 9904 | €8,063 | -€55,707 | -€63,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,063 | -€55,707 | -€63,769 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.