GILMEC: 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.
GILMEC
Largest movements
- Receivables within one year +€43,239
up €43,239 (+151.9%), from €28,463 to €71,702
of which Other amounts receivable: +€43,306
- Cash -€42,621
down €42,621 (-62.1%), from €68,645 to €26,023
mainly Debts after one year (-€179,261) and Contributions, distributions and other (-€45,000)
- Tangible fixed assets -€10,274
down €10,274 (-35.5%), from €28,968 to €18,693
of which Furniture and vehicles: -€10,064
- Debts after one year -€179,261
down €179,261 (-26.3%), from €681,780 to €502,519
- Current portion of long-term debt +€109,314
up €109,314 (+156.3%), from €69,947 to €179,261
- Reserves +€30,000
up €30,000 (+12.9%), from €232,566 to €262,566
- Other debts +€24,167
up €24,167 (+2901.2%), from €833 to €25,000
- Financial income +€15,607
up €15,607 (+758.7%), from €2,057 to €17,664
- Gross operating margin +€11,499
up €11,499 (+10.9%), from €105,259 to €116,759
- Financial charges +€7,997
up €7,997 (+40.6%), from €19,718 to €27,715
- Taxes +€5,335
up €5,335 (+34.5%), from €15,452 to €20,786
- Depreciation -€1,216
down €1,216 (-10.6%), from €11,490 to €10,274
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 | €1,026,908 | €1,019,791 | -€7,117 | -0.7% |
| Fixed assets | 21/28 | €929,544 | €919,270 | -€10,274 | -1.1% |
| Tangible fixed assets | 22/27 | €28,968 | €18,693 | -€10,274 | -35.5% |
| Plant, machinery and equipment | 23 | €211 | €0 | -€211 | -100.0% |
| Furniture and vehicles | 24 | €28,757 | €18,693 | -€10,064 | -35.0% |
| Financial fixed assets | 28 | €900,576 | €900,576 | = | 0.0% |
| Current assets | 29/58 | €97,364 | €100,521 | +€3,157 | +3.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €28,463 | €71,702 | +€43,239 | +151.9% |
| Trade receivables | 40 | €20,513 | €20,446 | -€67 | -0.3% |
| Other amounts receivable | 41 | €7,950 | €51,256 | +€43,306 | +544.7% |
| Cash at bank and in hand | 54/58 | €68,645 | €26,023 | -€42,621 | -62.1% |
| Deferred charges and accrued income | 490/1 | €256 | €2,795 | +€2,539 | +990.6% |
| Total equity and liabilities | 10/49 | €1,026,908 | €1,019,791 | -€7,117 | -0.7% |
| Equity | 10/15 | €251,484 | €281,381 | +€29,897 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,566 | €262,566 | +€30,000 | +12.9% |
| Distributable reserves | 133 | €232,566 | €262,566 | +€30,000 | +12.9% |
| Profit (loss) carried forward | 14 | €318 | €215 | -€103 | -32.3% |
| Amounts payable | 17/49 | €775,424 | €738,409 | -€37,015 | -4.8% |
| Amounts payable after more than one year | 17 | €681,780 | €502,519 | -€179,261 | -26.3% |
| Financial debts | 170/4 | €681,780 | €502,519 | -€179,261 | -26.3% |
| Amounts payable within one year | 42/48 | €85,330 | €227,351 | +€142,021 | +166.4% |
| Current portion of amounts payable after more than one year | 42 | €69,947 | €179,261 | +€109,314 | +156.3% |
| Financial debts | 43 | - | €2,083 | +€2,083 | |
| Credit institutions | 430/8 | - | €2,083 | +€2,083 | |
| Trade debts | 44 | €3,321 | €8,606 | +€5,286 | +159.2% |
| Suppliers | 440/4 | €3,321 | €8,606 | +€5,286 | +159.2% |
| Taxes, remuneration and social security | 45 | €11,229 | €12,400 | +€1,171 | +10.4% |
| Taxes | 450/3 | €9,324 | €12,400 | +€3,076 | +33.0% |
| Remuneration and social security | 454/9 | €1,905 | €0 | -€1,905 | -100.0% |
| Other amounts payable | 47/48 | €833 | €25,000 | +€24,167 | +2901.2% |
| Accrued charges and deferred income | 492/3 | €8,314 | €8,540 | +€225 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,490 | €10,274 | -€1,216 | -10.6% |
| Other operating charges | 640/8 | €854 | €751 | -€104 | -12.1% |
| Gross operating margin | 9900 | €105,259 | €116,759 | +€11,499 | +10.9% |
| Operating profit (loss) | 9901 | €92,915 | €105,734 | +€12,819 | +13.8% |
| Financial income | 75/76B | €2,057 | €17,664 | +€15,607 | +758.7% |
| Recurring financial income | 75 | €2,057 | €17,664 | +€15,607 | +758.7% |
| Financial charges | 65/66B | €19,718 | €27,715 | +€7,997 | +40.6% |
| Recurring financial charges | 65 | €19,718 | €27,715 | +€7,997 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €75,254 | €95,684 | +€20,430 | +27.1% |
| Income taxes | 67/77 | €15,452 | €20,786 | +€5,335 | +34.5% |
| Profit (loss) for the period | 9904 | €59,803 | €74,897 | +€15,095 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,803 | €74,897 | +€15,095 | +25.2% |
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 4 October 2026 via checked.be.