GILLION DEVELOPMENT: 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.
GILLION DEVELOPMENT
Largest movements
- Financial fixed assets -€950,000
down €950,000 (-73.3%), from €1.3m to €345,729
- Cash +€531,494
up €531,494 (+1221.0%), from €43,530 to €575,024
mainly Other debts (+€1.6m) and Investment in fixed assets (net) (+€950,000)
- Receivables within one year -€80,078
down €80,078 (-1.9%), from €4.3m to €4.2m
of which Trade receivables: -€82,669
- Other debts +€1.6m
up €1.6m (+29.5%), from €5.3m to €6.9m
- Profit (loss) carried forward -€1.5m
down €1.5m (-109.6%), from -€1.4m to -€2.9m
- Trade debts -€413,935
down €413,935 (-47.9%), from €863,332 to €449,396
- Tax, wage and social debts -€133,531
down €133,531 (-75.8%), from €176,203 to €42,672
- Financial charges +€659,637
up €659,637 (+134.3%), from €491,034 to €1.2m
of which Non-recurring financial charges: +€788,476
- Write-downs -€554,259
down €554,259 (-62.8%), from €882,936 to €328,677
- Other operating charges +€394,037
up €394,037 (+9764.8%), from €4,035 to €398,072
- Turnover -€253,347
down €253,347 (-49.1%), from €515,934 to €262,587
- Purchases and services +€117,051
up €117,051 (+23.2%), from €504,652 to €621,703
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,633,300 | €5,134,715 | -€498,584 | -8.9% |
| Fixed assets | 21/28 | €1,295,729 | €345,729 | -€950,000 | -73.3% |
| Financial fixed assets | 28 | €1,295,729 | €345,729 | -€950,000 | -73.3% |
| Current assets | 29/58 | €4,337,570 | €4,788,986 | +€451,416 | +10.4% |
| Amounts receivable within one year | 40/41 | €4,294,040 | €4,213,962 | -€80,078 | -1.9% |
| Trade receivables | 40 | €672,969 | €590,300 | -€82,669 | -12.3% |
| Other amounts receivable | 41 | €3,621,071 | €3,623,662 | +€2,591 | +0.1% |
| Cash at bank and in hand | 54/58 | €43,530 | €575,024 | +€531,494 | +1221.0% |
| Total equity and liabilities | 10/49 | €5,633,300 | €5,134,715 | -€498,584 | -8.9% |
| Equity | 10/15 | -€765,991 | -€2,278,998 | -€1.5m | -197.5% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €13,950 | €13,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,950 | €13,950 | = | 0.0% |
| Legal reserve | 130 | €13,950 | €13,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,379,941 | -€2,892,948 | -€1.5m | -109.6% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Deferred taxes | 168 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,339,291 | €7,353,713 | +€1.0m | +16.0% |
| Amounts payable within one year | 42/48 | €6,339,291 | €7,353,713 | +€1.0m | +16.0% |
| Trade debts | 44 | €863,332 | €449,396 | -€413,935 | -47.9% |
| Suppliers | 440/4 | €863,332 | €449,396 | -€413,935 | -47.9% |
| Taxes, remuneration and social security | 45 | €176,203 | €42,672 | -€133,531 | -75.8% |
| Taxes | 450/3 | €176,203 | €42,672 | -€133,531 | -75.8% |
| Other amounts payable | 47/48 | €5,299,756 | €6,861,645 | +€1.6m | +29.5% |
| Turnover | 70 | €515,934 | €262,587 | -€253,347 | -49.1% |
| Non-recurring operating income | 76A | - | €20,956 | +€20,956 | |
| Goods, raw materials, services and sundry goods | 60/61 | €504,652 | €621,703 | +€117,051 | +23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €882,936 | €328,677 | -€554,259 | -62.8% |
| Other operating charges | 640/8 | €4,035 | €398,072 | +€394,037 | +9764.8% |
| Gross operating margin | 9900 | €11,282 | €120,533 | +€109,251 | +968.4% |
| Operating profit (loss) | 9901 | -€875,690 | -€606,217 | +€269,473 | +30.8% |
| Financial income | 75/76B | €267,281 | €243,881 | -€23,401 | -8.8% |
| Recurring financial income | 75 | €267,281 | €243,881 | -€23,401 | -8.8% |
| Financial charges | 65/66B | €491,034 | €1,150,671 | +€659,637 | +134.3% |
| Recurring financial charges | 65 | €240,620 | €111,781 | -€128,839 | -53.5% |
| Non-recurring financial charges | 66B | €250,414 | €1,038,890 | +€788,476 | +314.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,099,442 | -€1,513,007 | -€413,565 | -37.6% |
| Income taxes | 67/77 | €36,059 | - | -€36,059 | |
| Profit (loss) for the period | 9904 | -€1,135,501 | -€1,513,007 | -€377,505 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,135,501 | -€1,513,007 | -€377,505 | -33.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.