GILLON: 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.
GILLON
Largest movements
- Receivables within one year -€11,037
down €11,037 (-5.9%), from €185,817 to €174,779
of which Other amounts receivable: -€26,549
- Tangible fixed assets -€10,413
down €10,413 (-13.7%), from €75,785 to €65,371
of which Assets under construction and advance payments: -€75,785
- Stocks and contracts +€7,100
up €7,100 (+4.7%), from €152,450 to €159,550
- Trade debts -€62,261
down €62,261 (-37.9%), from €164,449 to €102,188
- Profit (loss) carried forward +€29,276
up €29,276 (+6.1%), from -€477,049 to -€447,773
- Short-term financial debts -€23,842
no longer reported in 2025 (was €23,842)
- Tax, wage and social debts +€22,491
up €22,491 (+23.6%), from €95,413 to €117,904
- Other debts +€17,800
up €17,800 (+3.5%), from €513,755 to €531,555
- Gross operating margin +€95,360
up €95,360 (+455%), from €20,960 to €116,321
- Staff costs -€5,036
down €5,036 (-7.3%), from €68,643 to €63,607
- Financial charges +€3,962
up €3,962 (+45.3%), from €8,742 to €12,704
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 | €495,410 | €478,874 | -€16,536 | -3.3% |
| Fixed assets | 21/28 | €78,537 | €68,124 | -€10,413 | -13.3% |
| Tangible fixed assets | 22/27 | €75,785 | €65,371 | -€10,413 | -13.7% |
| Other tangible fixed assets | 26 | - | €65,371 | +€65,371 | |
| Assets under construction and advance payments | 27 | €75,785 | - | -€75,785 | |
| Financial fixed assets | 28 | €2,753 | €2,753 | = | 0.0% |
| Current assets | 29/58 | €416,872 | €410,750 | -€6,122 | -1.5% |
| Amounts receivable after more than one year | 29 | €73,127 | €73,127 | = | 0.0% |
| Trade receivables | 290 | €73,127 | €73,127 | = | 0.0% |
| Stocks and contracts in progress | 3 | €152,450 | €159,550 | +€7,100 | +4.7% |
| Stocks | 30/36 | €152,450 | €159,550 | +€7,100 | +4.7% |
| Amounts receivable within one year | 40/41 | €185,817 | €174,779 | -€11,037 | -5.9% |
| Trade receivables | 40 | €149,925 | €165,436 | +€15,511 | +10.3% |
| Other amounts receivable | 41 | €35,892 | €9,343 | -€26,549 | -74.0% |
| Cash at bank and in hand | 54/58 | €5,478 | €3,293 | -€2,185 | -39.9% |
| Total equity and liabilities | 10/49 | €495,410 | €478,874 | -€16,536 | -3.3% |
| Equity | 10/15 | -€302,049 | -€272,773 | +€29,276 | +9.7% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€477,049 | -€447,773 | +€29,276 | +6.1% |
| Amounts payable | 17/49 | €797,459 | €751,647 | -€45,812 | -5.7% |
| Amounts payable within one year | 42/48 | €797,459 | €751,647 | -€45,812 | -5.7% |
| Financial debts | 43 | €23,842 | - | -€23,842 | |
| Credit institutions | 430/8 | €23,842 | - | -€23,842 | |
| Trade debts | 44 | €164,449 | €102,188 | -€62,261 | -37.9% |
| Suppliers | 440/4 | €164,449 | €102,188 | -€62,261 | -37.9% |
| Taxes, remuneration and social security | 45 | €95,413 | €117,904 | +€22,491 | +23.6% |
| Remuneration and social security | 454/9 | €95,413 | €117,904 | +€22,491 | +23.6% |
| Other amounts payable | 47/48 | €513,755 | €531,555 | +€17,800 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €68,643 | €63,607 | -€5,036 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,413 | €10,413 | = | 0.0% |
| Other operating charges | 640/8 | €1,609 | €606 | -€1,003 | -62.3% |
| Gross operating margin | 9900 | €20,960 | €116,321 | +€95,360 | +455% |
| Operating profit (loss) | 9901 | -€59,705 | €41,694 | +€101,399 | |
| Financial income | 75/76B | €348 | €286 | -€62 | -17.8% |
| Recurring financial income | 75 | €348 | €286 | -€62 | -17.8% |
| Financial charges | 65/66B | €8,742 | €12,704 | +€3,962 | +45.3% |
| Recurring financial charges | 65 | €8,742 | €12,704 | +€3,962 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | -€68,099 | €29,276 | +€97,375 | |
| Profit (loss) for the period | 9904 | -€68,099 | €29,276 | +€97,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,099 | €29,276 | +€97,375 |
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 13 October 2026 via checked.be.