GILLYANN: 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.
GILLYANN
Largest movements
- Cash -€63,295
down €63,295 (-65.5%), from €96,578 to €33,283
mainly Investment in fixed assets (net) (-€109,760) and Debts after one year (-€45,736)
- Tangible fixed assets +€56,901
up €56,901 (+6.7%), from €843,003 to €899,904
of which Land and buildings: +€58,134
- Debts after one year -€45,736
down €45,736 (-12.2%), from €373,678 to €327,942
- Other debts +€28,341
up €28,341 (+8.9%), from €319,695 to €348,036
- Reserves +€14,000
up €14,000 (+20.5%), from €68,360 to €82,360
of which Distributable reserves: +€14,000
- Gross operating margin -€37,751
down €37,751 (-25.8%), from €146,191 to €108,440
- Staff costs +€11,760
new in 2025: €11,760
- Depreciation +€8,366
up €8,366 (+18.8%), from €44,492 to €52,858
- Taxes -€3,951
down €3,951 (-50.3%), from €7,854 to €3,903
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 | €962,358 | €953,839 | -€8,518 | -0.9% |
| Fixed assets | 21/28 | €843,003 | €899,904 | +€56,901 | +6.7% |
| Tangible fixed assets | 22/27 | €843,003 | €899,904 | +€56,901 | +6.7% |
| Land and buildings | 22 | €834,537 | €892,671 | +€58,134 | +7.0% |
| Plant, machinery and equipment | 23 | €3,546 | €4,164 | +€618 | +17.4% |
| Furniture and vehicles | 24 | €4,920 | €3,069 | -€1,851 | -37.6% |
| Current assets | 29/58 | €119,355 | €53,935 | -€65,420 | -54.8% |
| Amounts receivable within one year | 40/41 | €22,777 | €20,389 | -€2,388 | -10.5% |
| Trade receivables | 40 | €22,777 | €20,389 | -€2,388 | -10.5% |
| Cash at bank and in hand | 54/58 | €96,578 | €33,283 | -€63,295 | -65.5% |
| Deferred charges and accrued income | 490/1 | - | €263 | +€263 | |
| Total equity and liabilities | 10/49 | €962,358 | €953,839 | -€8,518 | -0.9% |
| Equity | 10/15 | €129,370 | €143,414 | +€14,043 | +10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,360 | €82,360 | +€14,000 | +20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,500 | €80,500 | +€14,000 | +21.1% |
| Profit (loss) carried forward | 14 | €54,810 | €54,854 | +€43 | +0.1% |
| Amounts payable | 17/49 | €832,988 | €810,426 | -€22,562 | -2.7% |
| Amounts payable after more than one year | 17 | €373,678 | €327,942 | -€45,736 | -12.2% |
| Financial debts | 170/4 | €373,678 | €327,942 | -€45,736 | -12.2% |
| Amounts payable within one year | 42/48 | €419,310 | €442,484 | +€23,174 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €44,944 | €45,736 | +€792 | +1.8% |
| Trade debts | 44 | €44,390 | €40,385 | -€4,005 | -9.0% |
| Suppliers | 440/4 | €44,390 | €40,385 | -€4,005 | -9.0% |
| Taxes, remuneration and social security | 45 | €10,280 | €8,326 | -€1,954 | -19.0% |
| Taxes | 450/3 | €10,280 | €6,677 | -€3,604 | -35.1% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €319,695 | €348,036 | +€28,341 | +8.9% |
| Accrued charges and deferred income | 492/3 | €40,000 | €40,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €11,760 | +€11,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,492 | €52,858 | +€8,366 | +18.8% |
| Other operating charges | 640/8 | €19,272 | €18,178 | -€1,094 | -5.7% |
| Gross operating margin | 9900 | €146,191 | €108,440 | -€37,751 | -25.8% |
| Operating profit (loss) | 9901 | €82,426 | €25,644 | -€56,783 | -68.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +4400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4400.0% |
| Financial charges | 65/66B | €7,848 | €7,697 | -€150 | -1.9% |
| Recurring financial charges | 65 | €7,848 | €7,697 | -€150 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €74,579 | €17,947 | -€56,632 | -75.9% |
| Income taxes | 67/77 | €7,854 | €3,903 | -€3,951 | -50.3% |
| Profit (loss) for the period | 9904 | €66,724 | €14,043 | -€52,681 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,724 | €14,043 | -€52,681 | -79.0% |
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 12 October 2026 via checked.be.