GILODA: what changed
What changed
GILODA
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€24,226
2024 · €5,294-€29,519
Equity
€13,300
2024 · €37,525-€24,226
Cash
€12,211
2024 · €12,035+€175
Balance sheet total
€75,362
2024 · €120,141-€44,779
Largest movements
Assets
- Tangible fixed assets -€24,282
down €24,282 (-34.1%), from €71,179 to €46,897
- Receivables within one year -€22,759
down €22,759 (-82.6%), from €27,545 to €4,786
of which Trade receivables: -€17,376
- Stocks and contracts +€3,633
up €3,633 (+114%), from €3,200 to €6,833
- Deferred charges and accrued income -€1,546
down €1,546 (-26.2%), from €5,911 to €4,365
Equity and liabilities
- Profit (loss) carried forward -€24,226
down €24,226 (-650%), from -€3,725 to -€27,950
- Trade debts -€22,338
down €22,338 (-67.1%), from €33,315 to €10,977
- Other debts -€13,094
down €13,094 (-60.4%), from €21,678 to €8,583
- Debts after one year +€12,043
up €12,043, from €0 to €12,043
- Current portion of long-term debt +€2,798
up €2,798 (+11.1%), from €25,106 to €27,903
Income statement
- Gross operating margin -€27,387
down €27,387 (-71.4%), from €38,370 to €10,983
- Other operating charges +€1,577
up €1,577 (+157%), from €1,004 to €2,580
- Depreciation -€1,078
down €1,078 (-3.4%), from €31,265 to €30,187
- Financial charges +€897
up €897 (+83.5%), from €1,074 to €1,970
- Taxes +€556
new in 2025: €556
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
€5,294
Gross operating margin
-€27,387
Depreciation
+€1,078
Other operating charges
-€1,577
Financial income
-€180
Financial charges
-€897
Taxes
-€556
Result 2025
-€24,226
raises the resultlowers the result
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
-€8,761
Investment
-€5,904
Financing
+€14,840
Cash 2024
€12,035
From operations (derived)
-€8,761
Net result for the year
-€24,226
Depreciation
+€30,187
Stocks and contracts
-€3,633
Receivables within one year
+€22,759
Deferred charges and accrued income
+€1,546
Trade debts
-€22,338
Tax, wage and social debts
+€39
Other debts
-€13,094
Investment (derived)
-€5,904
Investment in fixed assets (net)
-€5,904
Financing
+€14,840
Debts after one year
+€12,043
Current portion of long-term debt
+€2,798
Cash 2025
€12,211
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,141 | €75,362 | -€44,779 | -37.3% |
| Fixed assets | 21/28 | €71,449 | €47,167 | -€24,282 | -34.0% |
| Tangible fixed assets | 22/27 | €71,179 | €46,897 | -€24,282 | -34.1% |
| Plant, machinery and equipment | 23 | €24,607 | €16,593 | -€8,014 | -32.6% |
| Furniture and vehicles | 24 | €24,577 | €12,655 | -€11,922 | -48.5% |
| Leasing and similar rights | 25 | €21,995 | €17,648 | -€4,346 | -19.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €48,692 | €28,195 | -€20,497 | -42.1% |
| Stocks and contracts in progress | 3 | €3,200 | €6,833 | +€3,633 | +114% |
| Stocks | 30/36 | €3,200 | €6,833 | +€3,633 | +114% |
| Amounts receivable within one year | 40/41 | €27,545 | €4,786 | -€22,759 | -82.6% |
| Trade receivables | 40 | €21,360 | €3,984 | -€17,376 | -81.3% |
| Other amounts receivable | 41 | €6,185 | €803 | -€5,383 | -87.0% |
| Cash at bank and in hand | 54/58 | €12,035 | €12,211 | +€175 | +1.5% |
| Deferred charges and accrued income | 490/1 | €5,911 | €4,365 | -€1,546 | -26.2% |
| Total equity and liabilities | 10/49 | €120,141 | €75,362 | -€44,779 | -37.3% |
| Equity | 10/15 | €37,525 | €13,300 | -€24,226 | -64.6% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €3,750 | €3,750 | = | 0.0% |
| Distributable reserves | 133 | €3,750 | €3,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,725 | -€27,950 | -€24,226 | -650% |
| Amounts payable | 17/49 | €82,616 | €62,062 | -€20,553 | -24.9% |
| Amounts payable after more than one year | 17 | €0 | €12,043 | +€12,043 | |
| Financial debts | 170/4 | €0 | €12,043 | +€12,043 | |
| Amounts payable within one year | 42/48 | €82,616 | €50,020 | -€32,596 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €25,106 | €27,903 | +€2,798 | +11.1% |
| Trade debts | 44 | €33,315 | €10,977 | -€22,338 | -67.1% |
| Suppliers | 440/4 | €33,315 | €10,977 | -€22,338 | -67.1% |
| Taxes, remuneration and social security | 45 | €2,517 | €2,556 | +€39 | +1.5% |
| Taxes | 450/3 | €2,517 | €2,556 | +€39 | +1.5% |
| Other amounts payable | 47/48 | €21,678 | €8,583 | -€13,094 | -60.4% |
| Non-recurring operating income | 76A | €2,367 | €0 | -€2,367 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,265 | €30,187 | -€1,078 | -3.4% |
| Other operating charges | 640/8 | €1,004 | €2,580 | +€1,577 | +157% |
| Gross operating margin | 9900 | €38,370 | €10,983 | -€27,387 | -71.4% |
| Operating profit (loss) | 9901 | €6,102 | -€21,784 | -€27,886 | |
| Financial income | 75/76B | €265 | €85 | -€180 | -68.0% |
| Recurring financial income | 75 | €265 | €85 | -€180 | -68.0% |
| Financial charges | 65/66B | €1,074 | €1,970 | +€897 | +83.5% |
| Recurring financial charges | 65 | €1,074 | €1,970 | +€897 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €5,294 | -€23,669 | -€28,963 | |
| Income taxes | 67/77 | - | €556 | +€556 | |
| Profit (loss) for the period | 9904 | €5,294 | -€24,226 | -€29,519 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,294 | -€24,226 | -€29,519 |
Next steps
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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.