Gills & Scales: 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.
Gills & Scales
Largest movements
- Receivables within one year -€17,501
down €17,501 (-40.6%), from €43,055 to €25,555
of which Trade receivables: -€11,385
- Tangible fixed assets -€14,120
down €14,120 (-11.8%), from €119,611 to €105,491
of which Furniture and vehicles: -€24,344
- Current portion of long-term debt -€21,376
down €21,376 (-92.6%), from €23,090 to €1,714
- Profit (loss) carried forward -€8,212
down €8,212 (-1.9%), from -€435,202 to -€443,414
- Trade debts -€3,961
down €3,961 (-42.1%), from €9,418 to €5,458
- Other debts +€2,342
up €2,342 (+0.9%), from €266,804 to €269,147
- Staff costs +€18,527
up €18,527 (+31.2%), from €59,326 to €77,852
- Gross operating margin -€14,567
down €14,567 (-10.3%), from €141,093 to €126,526
- Financial charges -€6,992
down €6,992 (-80.7%), from €8,658 to €1,667
- Depreciation -€3,896
down €3,896 (-6.7%), from €57,910 to €54,014
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 | €171,317 | €140,388 | -€30,929 | -18.1% |
| Fixed assets | 21/28 | €119,611 | €105,491 | -€14,120 | -11.8% |
| Tangible fixed assets | 22/27 | €119,611 | €105,491 | -€14,120 | -11.8% |
| Land and buildings | 22 | €50,048 | €50,531 | +€483 | +1.0% |
| Plant, machinery and equipment | 23 | €39,458 | €49,199 | +€9,741 | +24.7% |
| Furniture and vehicles | 24 | €30,105 | €5,760 | -€24,344 | -80.9% |
| Current assets | 29/58 | €51,705 | €34,897 | -€16,808 | -32.5% |
| Stocks and contracts in progress | 3 | €3,071 | €3,071 | = | 0.0% |
| Stocks | 30/36 | €3,071 | €3,071 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,055 | €25,555 | -€17,501 | -40.6% |
| Trade receivables | 40 | €36,679 | €25,295 | -€11,385 | -31.0% |
| Other amounts receivable | 41 | €6,376 | €260 | -€6,116 | -95.9% |
| Cash at bank and in hand | 54/58 | €5,292 | €6,271 | +€979 | +18.5% |
| Deferred charges and accrued income | 490/1 | €287 | €0 | -€287 | -100% |
| Total equity and liabilities | 10/49 | €171,317 | €140,388 | -€30,929 | -18.1% |
| Equity | 10/15 | -€297,421 | -€305,633 | -€8,212 | -2.8% |
| Contributions | 10/11 | €133,000 | €133,000 | = | 0.0% |
| Reserves | 13 | €4,781 | €4,781 | = | 0.0% |
| Distributable reserves | 133 | €4,781 | €4,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€435,202 | -€443,414 | -€8,212 | -1.9% |
| Amounts payable | 17/49 | €468,738 | €446,021 | -€22,717 | -4.8% |
| Amounts payable after more than one year | 17 | €159,169 | €159,169 | = | 0.0% |
| Financial debts | 170/4 | €159,169 | €159,169 | = | 0.0% |
| Amounts payable within one year | 42/48 | €309,569 | €286,852 | -€22,717 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €23,090 | €1,714 | -€21,376 | -92.6% |
| Trade debts | 44 | €9,418 | €5,458 | -€3,961 | -42.1% |
| Suppliers | 440/4 | €9,418 | €5,458 | -€3,961 | -42.1% |
| Taxes, remuneration and social security | 45 | €10,256 | €10,533 | +€277 | +2.7% |
| Taxes | 450/3 | €615 | €999 | +€384 | +62.5% |
| Remuneration and social security | 454/9 | €9,641 | €9,534 | -€107 | -1.1% |
| Other amounts payable | 47/48 | €266,804 | €269,147 | +€2,342 | +0.9% |
| Non-recurring operating income | 76A | €16,718 | €0 | -€16,718 | -100% |
| Remuneration, social security and pensions | 62 | €59,326 | €77,852 | +€18,527 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,910 | €54,014 | -€3,896 | -6.7% |
| Other operating charges | 640/8 | €1,374 | €1,259 | -€115 | -8.4% |
| Gross operating margin | 9900 | €141,093 | €126,526 | -€14,567 | -10.3% |
| Operating profit (loss) | 9901 | €22,484 | -€6,599 | -€29,083 | |
| Financial income | 75/76B | €0 | €54 | +€54 | |
| Recurring financial income | 75 | €0 | €54 | +€54 | |
| Financial charges | 65/66B | €8,658 | €1,667 | -€6,992 | -80.7% |
| Recurring financial charges | 65 | €8,658 | €1,667 | -€6,992 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €13,825 | -€8,212 | -€22,037 | |
| Profit (loss) for the period | 9904 | €13,825 | -€8,212 | -€22,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,825 | -€8,212 | -€22,037 |
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 17 October 2026 via checked.be.