GILON: 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.
GILON
Largest movements
- Cash -€129,602
down €129,602 (-95.5%), from €135,648 to €6,046
mainly Net result for the year (-€64,360) and Accrued charges and deferred income (-€54,855)
- Receivables within one year -€27,793
down €27,793 (-43.8%), from €63,450 to €35,657
of which Trade receivables: -€32,098
- Stocks and contracts +€9,335
new in 2025: €9,335
- Profit (loss) carried forward -€64,360
new in 2025: -€64,360
- Accrued charges and deferred income -€54,855
no longer reported in 2025 (was €54,855)
- Trade debts -€17,554
down €17,554 (-44.8%), from €39,210 to €21,656
- Debts after one year -€6,562
no longer reported in 2025 (was €6,562)
- Current portion of long-term debt -€5,456
no longer reported in 2025 (was €5,456)
- Gross operating margin -€84,628
down €84,628 (-40.7%), from €208,145 to €123,517
- Taxes -€9,750
down €9,750 (-96.3%), from €10,123 to €372
- Staff costs +€4,412
up €4,412 (+2.6%), from €168,108 to €172,520
- Depreciation -€3,427
down €3,427 (-38.2%), from €8,974 to €5,547
- Financial charges +€2,774
up €2,774 (+76.8%), from €3,610 to €6,385
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 | €212,435 | €62,845 | -€149,589 | -70.4% |
| Fixed assets | 21/28 | €7,779 | €6,328 | -€1,451 | -18.7% |
| Tangible fixed assets | 22/27 | €5,861 | €4,410 | -€1,451 | -24.8% |
| Furniture and vehicles | 24 | €1,388 | €4,410 | +€3,021 | +217.6% |
| Leasing and similar rights | 25 | €4,472 | - | -€4,472 | |
| Financial fixed assets | 28 | €1,918 | €1,918 | = | 0.0% |
| Current assets | 29/58 | €204,656 | €56,517 | -€148,138 | -72.4% |
| Stocks and contracts in progress | 3 | - | €9,335 | +€9,335 | |
| Stocks | 30/36 | - | €9,335 | +€9,335 | |
| Amounts receivable within one year | 40/41 | €63,450 | €35,657 | -€27,793 | -43.8% |
| Trade receivables | 40 | €55,468 | €23,371 | -€32,098 | -57.9% |
| Other amounts receivable | 41 | €7,982 | €12,287 | +€4,305 | +53.9% |
| Cash at bank and in hand | 54/58 | €135,648 | €6,046 | -€129,602 | -95.5% |
| Deferred charges and accrued income | 490/1 | €5,558 | €5,480 | -€79 | -1.4% |
| Total equity and liabilities | 10/49 | €212,435 | €62,845 | -€149,589 | -70.4% |
| Equity | 10/15 | €65,584 | €1,224 | -€64,360 | -98.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €46,992 | €46,992 | = | 0.0% |
| Distributable reserves | 133 | €46,992 | €46,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€64,360 | -€64,360 | |
| Amounts payable | 17/49 | €146,851 | €61,621 | -€85,229 | -58.0% |
| Amounts payable after more than one year | 17 | €6,562 | - | -€6,562 | |
| Financial debts | 170/4 | €6,562 | - | -€6,562 | |
| Amounts payable within one year | 42/48 | €85,433 | €61,621 | -€23,812 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €5,456 | - | -€5,456 | |
| Trade debts | 44 | €39,210 | €21,656 | -€17,554 | -44.8% |
| Suppliers | 440/4 | €39,210 | €21,656 | -€17,554 | -44.8% |
| Advances received on contracts in progress | 46 | - | €672 | +€672 | |
| Taxes, remuneration and social security | 45 | €36,426 | €39,293 | +€2,867 | +7.9% |
| Taxes | 450/3 | €21,429 | €8,191 | -€13,239 | -61.8% |
| Remuneration and social security | 454/9 | €14,997 | €31,103 | +€16,106 | +107.4% |
| Other amounts payable | 47/48 | €4,341 | - | -€4,341 | |
| Accrued charges and deferred income | 492/3 | €54,855 | - | -€54,855 | |
| Non-recurring operating income | 76A | - | €8,677 | +€8,677 | |
| Remuneration, social security and pensions | 62 | €168,108 | €172,520 | +€4,412 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,974 | €5,547 | -€3,427 | -38.2% |
| Other operating charges | 640/8 | €2,759 | €2,655 | -€104 | -3.8% |
| Non-recurring operating charges | 66A | €798 | €1,088 | +€290 | +36.3% |
| Gross operating margin | 9900 | €208,145 | €123,517 | -€84,628 | -40.7% |
| Operating profit (loss) | 9901 | €27,505 | -€58,293 | -€85,798 | |
| Financial income | 75/76B | €274 | €690 | +€416 | +152.0% |
| Recurring financial income | 75 | €274 | €690 | +€416 | +152.0% |
| Financial charges | 65/66B | €3,610 | €6,385 | +€2,774 | +76.8% |
| Recurring financial charges | 65 | €3,610 | €6,385 | +€2,774 | +76.8% |
| Profit (loss) for the period before taxes | 9903 | €24,169 | -€63,988 | -€88,157 | |
| Income taxes | 67/77 | €10,123 | €372 | -€9,750 | -96.3% |
| Profit (loss) for the period | 9904 | €14,046 | -€64,360 | -€78,406 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,046 | -€64,360 | -€78,406 |
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 1 October 2026 via checked.be.