GILLIARD: 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.
GILLIARD
Largest movements
- Tangible fixed assets -€26,655
down €26,655 (-2.8%), from €962,049 to €935,394
of which Land and buildings: -€13,506
- Other debts -€81,277
down €81,277 (-19.6%), from €414,675 to €333,398
- Debts after one year +€36,207
up €36,207 (+9.3%), from €390,533 to €426,741
- Profit (loss) carried forward +€11,385
up €11,385 (+25.1%), from -€45,405 to -€34,020
- Current portion of long-term debt +€10,278
up €10,278 (+51.9%), from €19,794 to €30,073
- Depreciation -€10,367
down €10,367 (-28.0%), from €37,021 to €26,655
- Gross operating margin -€8,257
down €8,257 (-12.8%), from €64,340 to €56,083
- Financial charges +€1,562
up €1,562 (+14.7%), from €10,643 to €12,206
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €964,168 | €937,116 | -€27,052 | -2.8% |
| Fixed assets | 21/28 | €963,288 | €936,634 | -€26,655 | -2.8% |
| Tangible fixed assets | 22/27 | €962,049 | €935,394 | -€26,655 | -2.8% |
| Land and buildings | 22 | €838,618 | €825,112 | -€13,506 | -1.6% |
| Other tangible fixed assets | 26 | €123,430 | €110,282 | -€13,148 | -10.7% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €879 | €482 | -€397 | -45.2% |
| Amounts receivable within one year | 40/41 | €408 | €0 | -€408 | -100.0% |
| Trade receivables | 40 | €408 | €0 | -€408 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €472 | €482 | +€11 | +2.2% |
| Total equity and liabilities | 10/49 | €964,168 | €937,116 | -€27,052 | -2.8% |
| Equity | 10/15 | €120,676 | €132,061 | +€11,385 | +9.4% |
| Contributions | 10/11 | €165,100 | €165,100 | = | 0.0% |
| Capital | 10 | €165,100 | €165,100 | = | 0.0% |
| Issued capital | 100 | €165,100 | €165,100 | = | 0.0% |
| Reserves | 13 | €981 | €981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €981 | €981 | = | 0.0% |
| Legal reserve | 130 | €981 | €981 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,405 | -€34,020 | +€11,385 | +25.1% |
| Amounts payable | 17/49 | €843,491 | €805,055 | -€38,436 | -4.6% |
| Amounts payable after more than one year | 17 | €390,533 | €426,741 | +€36,207 | +9.3% |
| Financial debts | 170/4 | €390,533 | €426,741 | +€36,207 | +9.3% |
| Amounts payable within one year | 42/48 | €450,075 | €378,314 | -€71,761 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €19,794 | €30,073 | +€10,278 | +51.9% |
| Financial debts | 43 | €15,250 | €14,843 | -€406 | -2.7% |
| Credit institutions | 430/8 | €15,250 | €14,843 | -€406 | -2.7% |
| Trade debts | 44 | €356 | €0 | -€356 | -100.0% |
| Suppliers | 440/4 | €356 | €0 | -€356 | -100.0% |
| Other amounts payable | 47/48 | €414,675 | €333,398 | -€81,277 | -19.6% |
| Accrued charges and deferred income | 492/3 | €2,883 | €0 | -€2,883 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,021 | €26,655 | -€10,367 | -28.0% |
| Other operating charges | 640/8 | €5,659 | €5,838 | +€178 | +3.2% |
| Gross operating margin | 9900 | €64,340 | €56,083 | -€8,257 | -12.8% |
| Operating profit (loss) | 9901 | €21,659 | €23,590 | +€1,931 | +8.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,643 | €12,206 | +€1,562 | +14.7% |
| Recurring financial charges | 65 | €10,643 | €12,206 | +€1,562 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €11,016 | €11,385 | +€369 | +3.3% |
| Profit (loss) for the period | 9904 | €11,016 | €11,385 | +€369 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,016 | €11,385 | +€369 | +3.3% |
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 2 October 2026 via checked.be.