GILLION CONSTRUCT: 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.
What changed
GILLION CONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€6.3m
2023 · -€6.3m+€31,205
Equity
-€914,591
2023 · €6.5m-€7.5m
Cash
€527,513
2023 · €747,586-€220,073
Balance sheet total
€18.3m
2023 · €36.1m-€17.8m
Largest movements
Assets
- Receivables within one year -€14.8m
down €14.8m (-46.4%), from €31.9m to €17.1m
of which Trade receivables: -€9.0m
- Deferred charges and accrued income -€1.7m
down €1.7m (-90.6%), from €1.9m to €181,738
- Financial fixed assets -€635,730
down €635,730 (-81.7%), from €777,961 to €142,231
of which Affiliated companies: -€599,000
- Tangible fixed assets -€376,152
down €376,152 (-57.0%), from €660,085 to €283,933
of which Assets under construction and advance payments: -€261,731
Equity and liabilities
- Contributions -€10.9m
down €10.9m (-39.9%), from €27.4m to €16.4m
- Trade debts -€10.0m
down €10.0m (-44.2%), from €22.6m to €12.6m
- Profit (loss) carried forward +€3.6m
up €3.6m (+17.1%), from -€21.2m to -€17.6m
- Short-term financial debts +€1.2m
up €1.2m (+39.8%), from €3.0m to €4.2m
- Provisions -€1.0m
down €1.0m (-46.8%), from €2.2m to €1.2m
Income statement
- Turnover +€40.6m
up €40.6m (+103.8%), from €39.1m to €79.7m
- Write-downs -€13.0m
down €13.0m, from €7.3m to -€5.7m
- Goods and materials -€11.5m
down €11.5m (-19.8%), from €58.1m to €46.6m
of which Purchases: -€11.4m
- Staff costs -€1.3m
down €1.3m (-13.2%), from €9.9m to €8.6m
- Financial income -€823,493
down €823,493 (-77.8%), from €1.1m to €234,797
of which Non-recurring financial income: -€841,261
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.
Result 2023
-€6.3m
Turnover
+€40.6m
Other operating income
-€359,246
Goods and materials
+€11.5m
Services and other goods
+€649,830
Staff costs
+€1.3m
Depreciation
-€160,692
Write-downs
+€13.0m
Provisions
-€187,525
Other operating charges
+€265,815
Other operating items
-€65.0m
Financial income
-€823,493
Financial charges
-€745,397
Taxes
+€0
Result 2024
-€6.3m
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.
From operations
-€758,910
Investment
+€582,032
Financing
-€43,195
Cash 2023
€747,586
From operations (derived)
-€758,910
Net result for the year
-€6.3m
Depreciation
+€386,590
Receivables within one year
+€14.8m
Deferred charges and accrued income
+€1.7m
Provisions
-€1.0m
Trade debts
-€10.0m
Tax, wage and social debts
-€442,066
Advances received
-€475,293
Other debts
+€615,740
Accrued charges and deferred income
-€177,312
Investment (derived)
+€582,032
Investment in fixed assets (net)
+€582,031
Current investments
+€1
Financing
-€43,195
Debts after one year
-€41,947
Current portion of long-term debt
-€466
Short-term financial debts
+€1.2m
Contributions, distributions and other
-€1.2m
Cash 2024
€527,513
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,093,817 | €18,325,436 | -€17.8m | -49.2% |
| Formation expenses | 20 | - | €81,396 | +€81,396 | |
| Fixed assets | 21/28 | €1,476,181 | €426,164 | -€1.1m | -71.1% |
| Intangible fixed assets | 21 | €38,135 | - | -€38,135 | |
| Tangible fixed assets | 22/27 | €660,085 | €283,933 | -€376,152 | -57.0% |
| Plant, machinery and equipment | 23 | €78,769 | €86,888 | +€8,119 | +10.3% |
| Furniture and vehicles | 24 | €281,496 | €159,845 | -€121,651 | -43.2% |
| Other tangible fixed assets | 26 | €38,090 | €37,200 | -€889 | -2.3% |
| Assets under construction and advance payments | 27 | €261,731 | - | -€261,731 | |
| Financial fixed assets | 28 | €777,961 | €142,231 | -€635,730 | -81.7% |
| Affiliated companies | 280/1 | €668,926 | €69,926 | -€599,000 | -89.5% |
| Participating interests | 280 | €668,926 | €69,926 | -€599,000 | -89.5% |
| Other financial fixed assets | 284/8 | €109,035 | €72,305 | -€36,730 | -33.7% |
| Shares | 284 | €33,057 | - | -€33,057 | |
| Amounts receivable and cash guarantees | 285/8 | €75,978 | €72,305 | -€3,673 | -4.8% |
| Current assets | 29/58 | €34,617,636 | €17,817,876 | -€16.8m | -48.5% |
| Amounts receivable within one year | 40/41 | €31,944,282 | €17,108,624 | -€14.8m | -46.4% |
| Trade receivables | 40 | €22,939,803 | €13,979,730 | -€9.0m | -39.1% |
| Other amounts receivable | 41 | €9,004,478 | €3,128,895 | -€5.9m | -65.3% |
| Current investments | 50/53 | €1 | - | -€1 | |
| Other investments | 51/53 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €747,586 | €527,513 | -€220,073 | -29.4% |
| Deferred charges and accrued income | 490/1 | €1,925,767 | €181,738 | -€1.7m | -90.6% |
| Total equity and liabilities | 10/49 | €36,093,817 | €18,325,436 | -€17.8m | -49.2% |
| Equity | 10/15 | €6,536,061 | -€914,591 | -€7.5m | |
| Contributions | 10/11 | €27,380,000 | €16,445,284 | -€10.9m | -39.9% |
| Capital | 10 | €27,380,000 | €16,445,284 | -€10.9m | -39.9% |
| Issued capital | 100 | €27,380,000 | €16,445,284 | -€10.9m | -39.9% |
| Reserves | 13 | €357,086 | €214,477 | -€142,609 | -39.9% |
| Non-distributable reserves | 130/1 | €234,109 | €140,613 | -€93,496 | -39.9% |
| Legal reserve | 130 | €228,378 | €137,171 | -€91,207 | -39.9% |
| Reserves not available under the articles | 1311 | €5,731 | €3,442 | -€2,289 | -39.9% |
| Tax-exempt reserves | 132 | €3,332 | €2,001 | -€1,331 | -39.9% |
| Distributable reserves | 133 | €119,644 | €71,862 | -€47,782 | -39.9% |
| Profit (loss) carried forward | 14 | -€21,201,025 | -€17,574,353 | +€3.6m | +17.1% |
| Provisions and deferred taxes | 16 | €2,182,803 | €1,160,373 | -€1.0m | -46.8% |
| Provisions for liabilities and charges | 160/5 | €2,182,803 | €1,160,373 | -€1.0m | -46.8% |
| Other liabilities and charges | 164/5 | €2,182,803 | €1,160,373 | -€1.0m | -46.8% |
| Amounts payable | 17/49 | €27,374,953 | €18,079,654 | -€9.3m | -34.0% |
| Amounts payable after more than one year | 17 | €41,947 | - | -€41,947 | |
| Financial debts | 170/4 | €14,980 | - | -€14,980 | |
| Other loans | 174 | €14,980 | - | -€14,980 | |
| Other amounts payable | 178/9 | €26,968 | - | -€26,968 | |
| Amounts payable within one year | 42/48 | €27,155,694 | €18,079,654 | -€9.1m | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €466 | - | -€466 | |
| Financial debts | 43 | €2,997,582 | €4,190,540 | +€1.2m | +39.8% |
| Credit institutions | 430/8 | €2,997,582 | €4,190,540 | +€1.2m | +39.8% |
| Trade debts | 44 | €22,550,076 | €12,583,164 | -€10.0m | -44.2% |
| Suppliers | 440/4 | €22,550,076 | €12,583,164 | -€10.0m | -44.2% |
| Advances received on contracts in progress | 46 | €647,124 | €171,831 | -€475,293 | -73.4% |
| Taxes, remuneration and social security | 45 | €942,647 | €500,581 | -€442,066 | -46.9% |
| Taxes | 450/3 | €128,803 | €107,556 | -€21,247 | -16.5% |
| Remuneration and social security | 454/9 | €813,844 | €393,025 | -€420,819 | -51.7% |
| Other amounts payable | 47/48 | €17,798 | €633,538 | +€615,740 | +3459.6% |
| Accrued charges and deferred income | 492/3 | €177,312 | - | -€177,312 | |
| Operating income | 70/76A | €76,749,822 | €52,657,658 | -€24.1m | -31.4% |
| Turnover | 70 | €39,122,151 | €79,741,814 | +€40.6m | +103.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €36,286,752 | -€28,998,772 | -€65.3m | |
| Other operating income | 74 | €910,140 | €550,894 | -€359,246 | -39.5% |
| Non-recurring operating income | 76A | €430,779 | €1,363,722 | +€932,943 | +216.6% |
| Operating charges | 60/66A | €83,645,471 | €57,953,211 | -€25.7m | -30.7% |
| Goods for resale, raw materials and consumables | 60 | €58,117,844 | €46,629,059 | -€11.5m | -19.8% |
| Purchases | 600/8 | €57,991,915 | €46,629,059 | -€11.4m | -19.6% |
| Change in stocks: decrease (increase) | 609 | €125,929 | - | -€125,929 | |
| Services and other goods | 61 | €7,799,176 | €7,149,346 | -€649,830 | -8.3% |
| Remuneration, social security and pensions | 62 | €9,904,825 | €8,592,901 | -€1.3m | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,898 | €386,590 | +€160,692 | +71.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,254,599 | -€5,702,876 | -€13.0m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€276,569 | -€89,044 | +€187,525 | +67.8% |
| Other operating charges | 640/8 | €403,812 | €137,997 | -€265,815 | -65.8% |
| Non-recurring operating charges | 66A | €215,884 | €849,237 | +€633,353 | +293.4% |
| Operating profit (loss) | 9901 | -€6,895,648 | -€5,295,553 | +€1.6m | +23.2% |
| Financial income | 75/76B | €1,058,290 | €234,797 | -€823,493 | -77.8% |
| Recurring financial income | 75 | €217,029 | €234,797 | +€17,767 | +8.2% |
| Income from current assets | 751 | €0 | €221,355 | +€221,354 | +52703409.5% |
| Other financial income | 752/9 | €217,029 | €13,442 | -€203,587 | -93.8% |
| Non-recurring financial income | 76B | €841,261 | - | -€841,261 | |
| Financial charges | 65/66B | €450,760 | €1,196,157 | +€745,397 | +165.4% |
| Recurring financial charges | 65 | €450,760 | €597,157 | +€146,397 | +32.5% |
| Debt charges | 650 | €401,072 | €507,266 | +€106,194 | +26.5% |
| Other financial charges | 652/9 | €49,688 | €89,891 | +€40,203 | +80.9% |
| Non-recurring financial charges | 66B | - | €599,000 | +€599,000 | |
| Profit (loss) for the period before taxes | 9903 | -€6,288,118 | -€6,256,913 | +€31,205 | +0.5% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Taxes | 670/3 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€6,288,118 | -€6,256,913 | +€31,205 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,288,118 | -€6,256,913 | +€31,205 | +0.5% |
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 9 October 2026 via checked.be.