GILLY IMM: 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.
GILLY IMM
Largest movements
- Cash +€236,394
up €236,394 (+771.2%), from €30,654 to €267,047
mainly Other debts (+€302,177) and Net result for the year (+€186,883)
- Tangible fixed assets -€189,986
down €189,986 (-11.7%), from €1.6m to €1.4m
of which Land and buildings: -€243,855
- Receivables within one year -€131,795
down €131,795 (-38.1%), from €345,717 to €213,922
of which Other amounts receivable: -€149,445
- Receivables after one year -€58,193
down €58,193 (-24.9%), from €233,801 to €175,608
- Debts after one year -€339,079
down €339,079 (-44.9%), from €754,734 to €415,655
of which Other amounts payable: -€242,735
- Other debts +€302,177
up €302,177 (+1011.4%), from €29,878 to €332,055
- Contributions -€250,000
down €250,000 (-38.8%), from €644,800 to €394,800
- Reserves +€126,883
up €126,883 (+28.8%), from €440,639 to €567,523
of which Distributable reserves: +€149,489
- Trade debts -€25,472
down €25,472 (-14.2%), from €179,649 to €154,177
- Gross operating margin +€173,086
up €173,086 (+59.4%), from €291,400 to €464,487
- Write-downs +€45,567
up €45,567 (+82.0%), from €55,545 to €101,111
- Financial charges -€25,321
down €25,321 (-51.0%), from €49,611 to €24,290
of which Financial charges: -€26,484
- Other operating charges -€16,443
down €16,443 (-17.4%), from €94,704 to €78,261
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.
Cash bridge derived
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 | €2,260,954 | €2,104,015 | -€156,939 | -6.9% |
| Fixed assets | 21/28 | €1,640,517 | €1,443,613 | -€196,904 | -12.0% |
| Intangible fixed assets | 21 | €18,327 | €11,410 | -€6,917 | -37.7% |
| Tangible fixed assets | 22/27 | €1,620,834 | €1,430,848 | -€189,986 | -11.7% |
| Land and buildings | 22 | €1,369,866 | €1,126,012 | -€243,855 | -17.8% |
| Plant, machinery and equipment | 23 | €17,032 | €15,256 | -€1,776 | -10.4% |
| Furniture and vehicles | 24 | €3,134 | €1,338 | -€1,796 | -57.3% |
| Other tangible fixed assets | 26 | €230,801 | €288,241 | +€57,440 | +24.9% |
| Financial fixed assets | 28 | €1,356 | €1,356 | = | 0.0% |
| Current assets | 29/58 | €620,437 | €660,402 | +€39,965 | +6.4% |
| Amounts receivable after more than one year | 29 | €233,801 | €175,608 | -€58,193 | -24.9% |
| Other amounts receivable | 291 | €233,801 | €175,608 | -€58,193 | -24.9% |
| Amounts receivable within one year | 40/41 | €345,717 | €213,922 | -€131,795 | -38.1% |
| Trade receivables | 40 | €47,393 | €65,043 | +€17,650 | +37.2% |
| Other amounts receivable | 41 | €298,323 | €148,878 | -€149,445 | -50.1% |
| Cash at bank and in hand | 54/58 | €30,654 | €267,047 | +€236,394 | +771.2% |
| Deferred charges and accrued income | 490/1 | €10,266 | €3,825 | -€6,441 | -62.7% |
| Total equity and liabilities | 10/49 | €2,260,954 | €2,104,015 | -€156,939 | -6.9% |
| Equity | 10/15 | €1,085,439 | €962,323 | -€123,117 | -11.3% |
| Contributions | 10/11 | €644,800 | €394,800 | -€250,000 | -38.8% |
| Capital | 10 | €644,800 | €394,800 | -€250,000 | -38.8% |
| Issued capital | 100 | €644,800 | €394,800 | -€250,000 | -38.8% |
| Reserves | 13 | €440,639 | €567,523 | +€126,883 | +28.8% |
| Non-distributable reserves | 130/1 | €64,480 | €64,480 | = | 0.0% |
| Legal reserve | 130 | €64,480 | €64,480 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,743 | €148,138 | -€22,605 | -13.2% |
| Distributable reserves | 133 | €205,417 | €354,905 | +€149,489 | +72.8% |
| Provisions and deferred taxes | 16 | €56,914 | €49,379 | -€7,535 | -13.2% |
| Deferred taxes | 168 | €56,914 | €49,379 | -€7,535 | -13.2% |
| Amounts payable | 17/49 | €1,118,600 | €1,092,313 | -€26,287 | -2.4% |
| Amounts payable after more than one year | 17 | €754,734 | €415,655 | -€339,079 | -44.9% |
| Financial debts | 170/4 | €511,998 | €415,655 | -€96,344 | -18.8% |
| Other amounts payable | 178/9 | €242,735 | - | -€242,735 | |
| Amounts payable within one year | 42/48 | €363,867 | €675,385 | +€311,518 | +85.6% |
| Current portion of amounts payable after more than one year | 42 | €144,340 | €169,652 | +€25,311 | +17.5% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €179,649 | €154,177 | -€25,472 | -14.2% |
| Suppliers | 440/4 | €179,649 | €154,177 | -€25,472 | -14.2% |
| Taxes, remuneration and social security | 45 | - | €19,502 | +€19,502 | |
| Taxes | 450/3 | - | €18,000 | +€18,000 | |
| Remuneration and social security | 454/9 | - | €1,502 | +€1,502 | |
| Other amounts payable | 47/48 | €29,878 | €332,055 | +€302,177 | +1011.4% |
| Accrued charges and deferred income | 492/3 | - | €1,274 | +€1,274 | |
| Non-recurring operating income | 76A | €36,724 | - | -€36,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,532 | €85,006 | -€3,526 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €55,545 | €101,111 | +€45,567 | +82.0% |
| Other operating charges | 640/8 | €94,704 | €78,261 | -€16,443 | -17.4% |
| Gross operating margin | 9900 | €291,400 | €464,487 | +€173,086 | +59.4% |
| Operating profit (loss) | 9901 | €52,620 | €200,108 | +€147,489 | +280.3% |
| Financial income | 75/76B | €340 | €3,529 | +€3,189 | +937.0% |
| Recurring financial income | 75 | €340 | €3,529 | +€3,189 | +937.0% |
| Financial charges | 65/66B | €49,611 | €24,290 | -€25,321 | -51.0% |
| Recurring financial charges | 65 | €48,926 | €22,442 | -€26,484 | -54.1% |
| Non-recurring financial charges | 66B | €685 | €1,847 | +€1,162 | +169.7% |
| Profit (loss) for the period before taxes | 9903 | €3,349 | €179,348 | +€175,999 | +5255.0% |
| Transfer from deferred taxes | 780 | €13,848 | €7,535 | -€6,313 | -45.6% |
| Profit (loss) for the period | 9904 | €17,197 | €186,883 | +€169,686 | +986.7% |
| Transfer from tax-exempt reserves | 789 | €41,544 | €22,605 | -€18,939 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,742 | €209,489 | +€150,747 | +256.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.