GILLY MEUBLES: 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.
What changed
GILLY MEUBLES
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€62,739
2024 · -€69,763+€7,024
Equity
€1.5m
2024 · €1.5m-€62,739
Cash
€18,226
2024 · -+€18,226
Balance sheet total
€1.9m
2024 · €1.9m-€40,107
Largest movements
Assets
- Tangible fixed assets -€39,251
down €39,251 (-10.3%), from €382,452 to €343,201
of which Land and buildings: -€32,083
Equity and liabilities
- Profit (loss) carried forward -€62,739
down €62,739 (-5.2%), from €1.2m to €1.1m
- Trade debts +€35,294
up €35,294 (+31.3%), from €112,671 to €147,965
- Short-term financial debts -€21,531
no longer reported in 2025 (was €21,531)
Income statement
- Gross operating margin +€17,278
up €17,278 (+4.9%), from €349,377 to €366,655
- Staff costs +€8,521
up €8,521 (+2.4%), from €350,457 to €358,978
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.
Result 2024
-€69,763
Gross operating margin
+€17,278
Staff costs
-€8,521
Depreciation
+€89
Other operating charges
+€938
Financial income
-€2,158
Financial charges
-€346
Taxes
-€256
Result 2025
-€62,739
raises the resultlowers the result
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.
From operations
+€51,260
Investment
-€3,582
Financing
-€29,451
Cash 2024
€0
From operations (derived)
+€51,260
Net result for the year
-€62,739
Depreciation
+€42,914
Receivables after one year
+€18,000
Stocks and contracts
-€5,637
Receivables within one year
+€3,728
Deferred charges and accrued income
+€2,910
Trade debts
+€35,294
Tax, wage and social debts
+€14,183
Advances received
+€2,606
Investment (derived)
-€3,582
Investment in fixed assets (net)
-€3,582
Financing
-€29,451
Current portion of long-term debt
-€7,921
Short-term financial debts
-€21,531
Cash 2025
€18,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,891,491 | €1,851,384 | -€40,107 | -2.1% |
| Fixed assets | 21/28 | €385,404 | €346,072 | -€39,332 | -10.2% |
| Intangible fixed assets | 21 | €786 | €343 | -€443 | -56.3% |
| Tangible fixed assets | 22/27 | €382,452 | €343,201 | -€39,251 | -10.3% |
| Land and buildings | 22 | €364,332 | €332,249 | -€32,083 | -8.8% |
| Plant, machinery and equipment | 23 | €2,491 | €1,205 | -€1,286 | -51.6% |
| Furniture and vehicles | 24 | €15,629 | €9,747 | -€5,882 | -37.6% |
| Financial fixed assets | 28 | €2,166 | €2,528 | +€362 | +16.7% |
| Current assets | 29/58 | €1,506,087 | €1,505,313 | -€775 | -0.1% |
| Amounts receivable after more than one year | 29 | €36,000 | €18,000 | -€18,000 | -50.0% |
| Other amounts receivable | 291 | €36,000 | €18,000 | -€18,000 | -50.0% |
| Stocks and contracts in progress | 3 | €1,311,343 | €1,316,980 | +€5,637 | +0.4% |
| Stocks | 30/36 | €1,311,343 | €1,316,980 | +€5,637 | +0.4% |
| Amounts receivable within one year | 40/41 | €148,405 | €144,678 | -€3,728 | -2.5% |
| Trade receivables | 40 | €80,726 | €91,547 | +€10,822 | +13.4% |
| Other amounts receivable | 41 | €67,680 | €53,130 | -€14,549 | -21.5% |
| Cash at bank and in hand | 54/58 | - | €18,226 | +€18,226 | |
| Deferred charges and accrued income | 490/1 | €10,339 | €7,429 | -€2,910 | -28.1% |
| Total equity and liabilities | 10/49 | €1,891,491 | €1,851,384 | -€40,107 | -2.1% |
| Equity | 10/15 | €1,539,696 | €1,476,957 | -€62,739 | -4.1% |
| Contributions | 10/11 | €309,894 | €309,894 | = | 0.0% |
| Reserves | 13 | €31,208 | €31,208 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,208 | €31,208 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,208 | €31,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,198,595 | €1,135,856 | -€62,739 | -5.2% |
| Amounts payable | 17/49 | €351,795 | €374,427 | +€22,632 | +6.4% |
| Amounts payable within one year | 42/48 | €351,795 | €374,427 | +€22,632 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €7,921 | - | -€7,921 | |
| Financial debts | 43 | €21,531 | - | -€21,531 | |
| Credit institutions | 430/8 | €21,531 | - | -€21,531 | |
| Trade debts | 44 | €112,671 | €147,965 | +€35,294 | +31.3% |
| Suppliers | 440/4 | €112,671 | €147,965 | +€35,294 | +31.3% |
| Advances received on contracts in progress | 46 | €125,608 | €128,214 | +€2,606 | +2.1% |
| Taxes, remuneration and social security | 45 | €84,065 | €98,248 | +€14,183 | +16.9% |
| Taxes | 450/3 | €31,293 | €35,179 | +€3,885 | +12.4% |
| Remuneration and social security | 454/9 | €52,772 | €63,069 | +€10,298 | +19.5% |
| Non-recurring operating income | 76A | €5,949 | - | -€5,949 | |
| Remuneration, social security and pensions | 62 | €350,457 | €358,978 | +€8,521 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,004 | €42,914 | -€89 | -0.2% |
| Other operating charges | 640/8 | €28,680 | €27,742 | -€938 | -3.3% |
| Gross operating margin | 9900 | €349,377 | €366,655 | +€17,278 | +4.9% |
| Operating profit (loss) | 9901 | -€72,764 | -€62,980 | +€9,784 | +13.4% |
| Financial income | 75/76B | €6,801 | €4,644 | -€2,158 | -31.7% |
| Recurring financial income | 75 | €6,801 | €4,644 | -€2,158 | -31.7% |
| Financial charges | 65/66B | €3,023 | €3,368 | +€346 | +11.4% |
| Recurring financial charges | 65 | €3,023 | €3,368 | +€346 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€68,985 | -€61,705 | +€7,281 | +10.6% |
| Income taxes | 67/77 | €778 | €1,034 | +€256 | +33.0% |
| Profit (loss) for the period | 9904 | -€69,763 | -€62,739 | +€7,024 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,763 | -€62,739 | +€7,024 | +10.1% |
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 22 October 2026 via checked.be.