GILLY BAZAR: 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.
GILLY BAZAR
Largest movements
- Receivables within one year -€75,635
down €75,635 (-25.9%), from €291,942 to €216,307
of which Trade receivables: -€73,005
- Cash +€43,548
up €43,548 (+47.5%), from €91,619 to €135,167
mainly Net result for the year (+€143,436) and Receivables within one year (+€75,635)
- Stocks and contracts +€42,438
up €42,438 (+104%), from €40,717 to €83,155
- Tangible fixed assets +€13,436
up €13,436 (+55.7%), from €24,124 to €37,560
of which Furniture and vehicles: +€15,343
- Profit (loss) carried forward +€98,436
up €98,436 (+46.2%), from €213,159 to €311,595
- Trade debts -€94,143
down €94,143 (-70.3%), from €133,880 to €39,737
- Tax, wage and social debts +€29,744
up €29,744 (+165%), from €17,993 to €47,737
of which Taxes: +€29,744
- Current portion of long-term debt -€5,250
no longer reported in 2025 (was €5,250)
- Other debts -€5,000
down €5,000 (-10.0%), from €50,000 to €45,000
- Gross operating margin +€54,746
up €54,746 (+40.5%), from €135,131 to €189,877
- Taxes +€14,653
up €14,653 (+111%), from €13,247 to €27,900
- Staff costs -€4,510
no longer reported in 2025 (was €4,510)
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 | €453,492 | €477,279 | +€23,787 | +5.2% |
| Fixed assets | 21/28 | €29,008 | €42,444 | +€13,436 | +46.3% |
| Tangible fixed assets | 22/27 | €24,124 | €37,560 | +€13,436 | +55.7% |
| Plant, machinery and equipment | 23 | €24,124 | €22,217 | -€1,907 | -7.9% |
| Furniture and vehicles | 24 | - | €15,343 | +€15,343 | |
| Financial fixed assets | 28 | €4,884 | €4,884 | = | 0.0% |
| Current assets | 29/58 | €424,484 | €434,835 | +€10,351 | +2.4% |
| Stocks and contracts in progress | 3 | €40,717 | €83,155 | +€42,438 | +104% |
| Stocks | 30/36 | €40,717 | €83,155 | +€42,438 | +104% |
| Amounts receivable within one year | 40/41 | €291,942 | €216,307 | -€75,635 | -25.9% |
| Trade receivables | 40 | €99,994 | €26,989 | -€73,005 | -73.0% |
| Other amounts receivable | 41 | €191,948 | €189,318 | -€2,630 | -1.4% |
| Cash at bank and in hand | 54/58 | €91,619 | €135,167 | +€43,548 | +47.5% |
| Deferred charges and accrued income | 490/1 | €206 | €206 | = | 0.0% |
| Total equity and liabilities | 10/49 | €453,492 | €477,279 | +€23,787 | +5.2% |
| Equity | 10/15 | €246,369 | €344,805 | +€98,436 | +40.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,618 | €14,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,759 | €12,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,159 | €311,595 | +€98,436 | +46.2% |
| Amounts payable | 17/49 | €207,123 | €132,474 | -€74,649 | -36.0% |
| Amounts payable within one year | 42/48 | €207,123 | €132,474 | -€74,649 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €5,250 | - | -€5,250 | |
| Trade debts | 44 | €133,880 | €39,737 | -€94,143 | -70.3% |
| Suppliers | 440/4 | €133,880 | €39,737 | -€94,143 | -70.3% |
| Taxes, remuneration and social security | 45 | €17,993 | €47,737 | +€29,744 | +165% |
| Taxes | 450/3 | €17,353 | €47,097 | +€29,744 | +171% |
| Remuneration and social security | 454/9 | €640 | €640 | = | 0.0% |
| Other amounts payable | 47/48 | €50,000 | €45,000 | -€5,000 | -10.0% |
| Non-recurring operating income | 76A | €24,022 | - | -€24,022 | |
| Remuneration, social security and pensions | 62 | €4,510 | - | -€4,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,193 | €11,344 | +€151 | +1.3% |
| Other operating charges | 640/8 | €1,753 | €983 | -€770 | -43.9% |
| Gross operating margin | 9900 | €135,131 | €189,877 | +€54,746 | +40.5% |
| Operating profit (loss) | 9901 | €117,675 | €177,550 | +€59,875 | +50.9% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €6,970 | €6,236 | -€734 | -10.5% |
| Recurring financial charges | 65 | €6,970 | €6,236 | -€734 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €110,705 | €171,336 | +€60,631 | +54.8% |
| Income taxes | 67/77 | €13,247 | €27,900 | +€14,653 | +111% |
| Profit (loss) for the period | 9904 | €97,458 | €143,436 | +€45,978 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €97,458 | €143,436 | +€45,978 | +47.2% |
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 21 October 2026 via checked.be.