Gilmax: 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.
Gilmax
Largest movements
- Receivables within one year -€40,715
down €40,715 (-66.0%), from €61,675 to €20,960
of which Trade receivables: -€40,750
- Tangible fixed assets -€40,106
down €40,106 (-28.7%), from €139,565 to €99,459
- Cash +€39,653
up €39,653 (+771.8%), from €5,138 to €44,791
mainly Receivables within one year (+€40,715) and Depreciation (+€24,950)
- Reserves -€22,374
down €22,374 (-26.7%), from €83,841 to €61,468
- Debts after one year -€21,752
down €21,752 (-23.5%), from €92,391 to €70,639
- Tax, wage and social debts +€2,690
up €2,690 (+175.9%), from €1,529 to €4,219
- Gross operating margin -€54,250
down €54,250 (-76.6%), from €70,866 to €16,615
- Depreciation +€24,609
up €24,609 (+7219.9%), from €341 to €24,950
- Taxes -€16,151
down €16,151 (-97.7%), from €16,529 to €378
- Financial charges +€3,974
up €3,974 (+2086.7%), from €190 to €4,164
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 | €207,494 | €167,652 | -€39,842 | -19.2% |
| Fixed assets | 21/28 | €139,565 | €99,459 | -€40,106 | -28.7% |
| Tangible fixed assets | 22/27 | €139,565 | €99,459 | -€40,106 | -28.7% |
| Furniture and vehicles | 24 | €139,565 | €99,459 | -€40,106 | -28.7% |
| Current assets | 29/58 | €67,929 | €68,193 | +€264 | +0.4% |
| Amounts receivable within one year | 40/41 | €61,675 | €20,960 | -€40,715 | -66.0% |
| Trade receivables | 40 | €49,615 | €8,865 | -€40,750 | -82.1% |
| Other amounts receivable | 41 | €12,060 | €12,095 | +€35 | +0.3% |
| Cash at bank and in hand | 54/58 | €5,138 | €44,791 | +€39,653 | +771.8% |
| Deferred charges and accrued income | 490/1 | €1,116 | €2,442 | +€1,326 | +118.9% |
| Total equity and liabilities | 10/49 | €207,494 | €167,652 | -€39,842 | -19.2% |
| Equity | 10/15 | €84,441 | €62,068 | -€22,374 | -26.5% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €83,841 | €61,468 | -€22,374 | -26.7% |
| Distributable reserves | 133 | €83,841 | €61,468 | -€22,374 | -26.7% |
| Amounts payable | 17/49 | €123,053 | €105,584 | -€17,468 | -14.2% |
| Amounts payable after more than one year | 17 | €92,391 | €70,639 | -€21,752 | -23.5% |
| Financial debts | 170/4 | €92,391 | €70,639 | -€21,752 | -23.5% |
| Amounts payable within one year | 42/48 | €30,662 | €34,945 | +€4,284 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €20,912 | €21,752 | +€840 | +4.0% |
| Trade debts | 44 | €2,220 | €974 | -€1,246 | -56.1% |
| Suppliers | 440/4 | €2,220 | €974 | -€1,246 | -56.1% |
| Taxes, remuneration and social security | 45 | €1,529 | €4,219 | +€2,690 | +175.9% |
| Taxes | 450/3 | €1,529 | €4,219 | +€2,690 | +175.9% |
| Other amounts payable | 47/48 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Non-recurring operating income | 76A | - | €10,183 | +€10,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341 | €24,950 | +€24,609 | +7219.9% |
| Other operating charges | 640/8 | €1,024 | €1,497 | +€473 | +46.2% |
| Gross operating margin | 9900 | €70,866 | €16,615 | -€54,250 | -76.6% |
| Operating profit (loss) | 9901 | €69,501 | -€9,832 | -€79,333 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €190 | €4,164 | +€3,974 | +2086.7% |
| Recurring financial charges | 65 | €190 | €4,164 | +€3,974 | +2086.7% |
| Profit (loss) for the period before taxes | 9903 | €69,311 | -€13,996 | -€83,307 | |
| Income taxes | 67/77 | €16,529 | €378 | -€16,151 | -97.7% |
| Profit (loss) for the period | 9904 | €52,782 | -€14,374 | -€67,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,782 | -€14,374 | -€67,156 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.