GillUp Design: 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.
GillUp Design
Largest movements
- Receivables within one year +€30,247
up €30,247 (+1,045%), from €2,894 to €33,142
of which Trade receivables: +€33,142
- Cash +€22,084
up €22,084 (+54.3%), from €40,641 to €62,725
mainly Net result for the year (+€70,729) and Depreciation (+€24,835)
- Current investments +€20,050
up €20,050 (+154%), from €13,021 to €33,071
- Tangible fixed assets -€18,926
down €18,926 (-30.2%), from €62,632 to €43,706
- Profit (loss) carried forward +€54,729
up €54,729 (+69.6%), from €78,681 to €133,410
- Accrued charges and deferred income -€8,429
down €8,429 (-91.6%), from €9,199 to €770
- Tax, wage and social debts +€7,252
up €7,252 (+47.3%), from €15,348 to €22,600
of which Taxes: +€4,752
- Debts after one year -€5,976
down €5,976 (-62.7%), from €9,525 to €3,548
- Other debts +€3,464
new in 2024: €3,464
- Gross operating margin +€37,126
up €37,126 (+47.7%), from €77,777 to €114,902
- Taxes +€4,088
up €4,088 (+28.7%), from €14,249 to €18,337
- Depreciation +€3,777
up €3,777 (+17.9%), from €21,058 to €24,835
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.
Derived cash bridge
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 | €119,789 | €173,925 | +€54,136 | +45.2% |
| Fixed assets | 21/28 | €62,632 | €43,706 | -€18,926 | -30.2% |
| Tangible fixed assets | 22/27 | €62,632 | €43,706 | -€18,926 | -30.2% |
| Furniture and vehicles | 24 | €62,632 | €43,706 | -€18,926 | -30.2% |
| Current assets | 29/58 | €57,157 | €130,219 | +€73,062 | +128% |
| Amounts receivable within one year | 40/41 | €2,894 | €33,142 | +€30,247 | +1,045% |
| Trade receivables | 40 | - | €33,142 | +€33,142 | |
| Other amounts receivable | 41 | €2,894 | - | -€2,894 | |
| Current investments | 50/53 | €13,021 | €33,071 | +€20,050 | +154% |
| Cash at bank and in hand | 54/58 | €40,641 | €62,725 | +€22,084 | +54.3% |
| Deferred charges and accrued income | 490/1 | €600 | €1,281 | +€681 | +114% |
| Total equity and liabilities | 10/49 | €119,789 | €173,925 | +€54,136 | +45.2% |
| Equity | 10/15 | €79,681 | €134,410 | +€54,729 | +68.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,681 | €133,410 | +€54,729 | +69.6% |
| Amounts payable | 17/49 | €40,108 | €39,515 | -€593 | -1.5% |
| Amounts payable after more than one year | 17 | €9,525 | €3,548 | -€5,976 | -62.7% |
| Financial debts | 170/4 | €9,525 | €3,548 | -€5,976 | -62.7% |
| Amounts payable within one year | 42/48 | €21,384 | €35,196 | +€13,812 | +64.6% |
| Current portion of amounts payable after more than one year | 42 | €5,844 | €5,976 | +€132 | +2.3% |
| Trade debts | 44 | €192 | €3,157 | +€2,964 | +1,542% |
| Suppliers | 440/4 | €192 | €3,157 | +€2,964 | +1,542% |
| Taxes, remuneration and social security | 45 | €15,348 | €22,600 | +€7,252 | +47.3% |
| Taxes | 450/3 | €15,348 | €20,100 | +€4,752 | +31.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | - | €3,464 | +€3,464 | |
| Accrued charges and deferred income | 492/3 | €9,199 | €770 | -€8,429 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,058 | €24,835 | +€3,777 | +17.9% |
| Other operating charges | 640/8 | €1,079 | €689 | -€390 | -36.1% |
| Gross operating margin | 9900 | €77,777 | €114,902 | +€37,126 | +47.7% |
| Operating profit (loss) | 9901 | €55,639 | €89,377 | +€33,738 | +60.6% |
| Financial income | 75/76B | €0 | €50 | +€50 | +500,700% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +500,700% |
| Financial charges | 65/66B | €551 | €362 | -€189 | -34.3% |
| Recurring financial charges | 65 | €551 | €362 | -€189 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €55,089 | €89,066 | +€33,977 | +61.7% |
| Income taxes | 67/77 | €14,249 | €18,337 | +€4,088 | +28.7% |
| Profit (loss) for the period | 9904 | €40,840 | €70,729 | +€29,889 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,840 | €70,729 | +€29,889 | +73.2% |
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 30 October 2026 via checked.be.