GILO INVEST: what changed
What changed
GILO INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€332,994
2024 · €459,797-€126,803
Equity
€3.9m
2024 · €3.6m+€332,994
Cash
€24,308
2024 · €77+€24,231
Balance sheet total
€5.7m
2024 · €5.5m+€241,937
Largest movements
Assets
- Tangible fixed assets +€235,563
up €235,563 (+344%), from €68,420 to €303,983
of which Land and buildings: +€231,916
Equity and liabilities
- Profit (loss) carried forward +€332,994
up €332,994 (+11.4%), from €2.9m to €3.3m
- Trade debts -€280,192
down €280,192 (-72.3%), from €387,297 to €107,105
- Debts after one year +€185,757
up €185,757 (+283%), from €65,590 to €251,347
- Other debts +€137,871
up €137,871 (+13.2%), from €1.0m to €1.2m
- Tax, wage and social debts -€63,304
down €63,304 (-42.3%), from €149,558 to €86,254
of which Remuneration and social security: -€39,364
Income statement
- Financial income -€155,324
down €155,324 (-27.8%), from €558,929 to €403,604
- Turnover +€81,327
up €81,327 (+6.9%), from €1.2m to €1.3m
- Services and other goods +€42,744
up €42,744 (+11.0%), from €388,892 to €431,636
- Staff costs -€34,907
down €34,907 (-4.1%), from €847,045 to €812,138
- Depreciation +€21,736
up €21,736 (+95.4%), from €22,783 to €44,520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€459,797
Turnover
+€81,327
Other operating income
-€5,212
Services and other goods
-€42,744
Staff costs
+€34,907
Depreciation
-€21,736
Other operating charges
-€9,680
Other operating items
-€3,439
Financial income
-€155,324
Financial charges
-€5,004
Taxes
+€102
Result 2025
€332,994
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€174,229
Investment
-€277,191
Financing
+€127,193
Cash 2024
€77
From operations (derived)
+€174,229
Net result for the year
+€332,994
Depreciation
+€44,520
Receivables within one year
+€219
Deferred charges and accrued income
+€14,746
Trade debts
-€280,192
Tax, wage and social debts
-€63,304
Other debts
+€137,871
Accrued charges and deferred income
-€12,625
Investment (derived)
-€277,191
Investment in fixed assets (net)
-€277,191
Financing
+€127,193
Debts after one year
+€185,757
Current portion of long-term debt
-€58,565
Cash 2025
€24,308
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,450,083 | €5,692,020 | +€241,937 | +4.4% |
| Fixed assets | 21/28 | €4,935,960 | €5,168,631 | +€232,671 | +4.7% |
| Intangible fixed assets | 21 | €54,421 | €56,529 | +€2,109 | +3.9% |
| Tangible fixed assets | 22/27 | €68,420 | €303,983 | +€235,563 | +344% |
| Land and buildings | 22 | - | €231,916 | +€231,916 | |
| Furniture and vehicles | 24 | €68,420 | €72,067 | +€3,647 | +5.3% |
| Financial fixed assets | 28 | €4,813,119 | €4,808,119 | -€5,000 | -0.1% |
| Affiliated companies | 280/1 | €4,812,979 | €4,807,979 | -€5,000 | -0.1% |
| Participating interests | 280 | €4,812,979 | €4,807,979 | -€5,000 | -0.1% |
| Other financial fixed assets | 284/8 | €140 | €140 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €514,124 | €523,389 | +€9,266 | +1.8% |
| Amounts receivable within one year | 40/41 | €473,260 | €473,041 | -€219 | 0.0% |
| Trade receivables | 40 | €10,075 | €73,019 | +€62,944 | +625% |
| Other amounts receivable | 41 | €463,185 | €400,023 | -€63,163 | -13.6% |
| Cash at bank and in hand | 54/58 | €77 | €24,308 | +€24,231 | +31,489% |
| Deferred charges and accrued income | 490/1 | €40,786 | €26,040 | -€14,746 | -36.2% |
| Total equity and liabilities | 10/49 | €5,450,083 | €5,692,020 | +€241,937 | +4.4% |
| Equity | 10/15 | €3,594,237 | €3,927,231 | +€332,994 | +9.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €657,190 | €657,190 | = | 0.0% |
| Tax-exempt reserves | 132 | €122,090 | €122,090 | = | 0.0% |
| Distributable reserves | 133 | €535,100 | €535,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,917,047 | €3,250,041 | +€332,994 | +11.4% |
| Amounts payable | 17/49 | €1,855,846 | €1,764,789 | -€91,057 | -4.9% |
| Amounts payable after more than one year | 17 | €65,590 | €251,347 | +€185,757 | +283% |
| Financial debts | 170/4 | €65,590 | €251,347 | +€185,757 | +283% |
| Credit institutions | 173 | €65,590 | €251,347 | +€185,757 | +283% |
| Amounts payable within one year | 42/48 | €1,777,631 | €1,513,442 | -€264,189 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €169,762 | €111,197 | -€58,565 | -34.5% |
| Financial debts | 43 | €26,000 | €26,000 | = | 0.0% |
| Credit institutions | 430/8 | €26,000 | €26,000 | = | 0.0% |
| Trade debts | 44 | €387,297 | €107,105 | -€280,192 | -72.3% |
| Suppliers | 440/4 | €387,297 | €107,105 | -€280,192 | -72.3% |
| Taxes, remuneration and social security | 45 | €149,558 | €86,254 | -€63,304 | -42.3% |
| Taxes | 450/3 | €26,132 | €2,193 | -€23,940 | -91.6% |
| Remuneration and social security | 454/9 | €123,426 | €84,062 | -€39,364 | -31.9% |
| Other amounts payable | 47/48 | €1,045,014 | €1,182,885 | +€137,871 | +13.2% |
| Accrued charges and deferred income | 492/3 | €12,625 | - | -€12,625 | |
| Operating income | 70/76A | €1,221,548 | €1,299,414 | +€77,866 | +6.4% |
| Turnover | 70 | €1,186,248 | €1,267,575 | +€81,327 | +6.9% |
| Other operating income | 74 | €35,300 | €30,088 | -€5,212 | -14.8% |
| Non-recurring operating income | 76A | - | €1,751 | +€1,751 | |
| Operating charges | 60/66A | €1,279,278 | €1,323,720 | +€44,442 | +3.5% |
| Services and other goods | 61 | €388,892 | €431,636 | +€42,744 | +11.0% |
| Remuneration, social security and pensions | 62 | €847,045 | €812,138 | -€34,907 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,783 | €44,520 | +€21,736 | +95.4% |
| Other operating charges | 640/8 | €20,557 | €30,237 | +€9,680 | +47.1% |
| Non-recurring operating charges | 66A | - | €5,190 | +€5,190 | |
| Operating profit (loss) | 9901 | -€57,730 | -€24,306 | +€33,424 | +57.9% |
| Financial income | 75/76B | €558,929 | €403,604 | -€155,324 | -27.8% |
| Recurring financial income | 75 | €558,929 | €403,604 | -€155,324 | -27.8% |
| Income from financial fixed assets | 750 | €558,455 | €403,604 | -€154,851 | -27.7% |
| Other financial income | 752/9 | €474 | - | -€474 | |
| Financial charges | 65/66B | €39,262 | €44,266 | +€5,004 | +12.7% |
| Recurring financial charges | 65 | €39,262 | €29,282 | -€9,980 | -25.4% |
| Debt charges | 650 | €30,221 | €29,282 | -€939 | -3.1% |
| Other financial charges | 652/9 | €9,041 | - | -€9,041 | |
| Non-recurring financial charges | 66B | - | €14,984 | +€14,984 | |
| Profit (loss) for the period before taxes | 9903 | €461,937 | €335,032 | -€126,905 | -27.5% |
| Income taxes | 67/77 | €2,140 | €2,038 | -€102 | -4.8% |
| Taxes | 670/3 | €2,140 | €2,038 | -€102 | -4.8% |
| Profit (loss) for the period | 9904 | €459,797 | €332,994 | -€126,803 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €459,797 | €332,994 | -€126,803 | -27.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.