GILOPS GROUP: what changed
Two financial 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.
What changed
GILOPS GROUP
NACE 19.200, Manufacture of coke and refined petroleum products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.7m
2024 · €2.8m-€173,317
Equity
€7.5m
2024 · €10.4m-€2.9m
Cash
€2.2m
2024 · €1.7m+€440,406
Balance sheet total
€28.7m
2024 · €24.0m+€4.7m
Largest movements
Assets
- Financial fixed assets +€9.1m
up €9.1m (+3786.4%), from €239,137 to €9.3m
of which Affiliated companies: +€9.1m
- Receivables after one year -€3.5m
no longer reported in 2025 (was €3.5m)
- Receivables within one year +€1.6m
up €1.6m (+15.7%), from €10.4m to €12.1m
of which Other amounts receivable: +€1.9m
- Current investments -€1.6m
no longer reported in 2025 (was €1.6m)
- Stocks and contracts -€718,253
down €718,253 (-22.4%), from €3.2m to €2.5m
Equity and liabilities
- Other debts +€7.0m
new in 2025: €7.0m
- Reserves -€3.0m
down €3.0m (-31.3%), from €9.6m to €6.6m
of which Distributable reserves: -€3.0m
- Short-term financial debts +€2.2m
up €2.2m (+108.3%), from €2.0m to €4.2m
- Tax, wage and social debts -€1.4m
down €1.4m (-77.9%), from €1.8m to €394,319
of which Taxes: -€1.4m
- Trade debts -€1.2m
down €1.2m (-17.0%), from €6.8m to €5.7m
Income statement
- Turnover -€70.1m
down €70.1m (-24.9%), from €281.1m to €211.1m
- Goods and materials -€68.8m
down €68.8m (-25.1%), from €273.5m to €204.7m
of which Purchases: -€68.2m
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.
Result 2024
€2.8m
Turnover
-€70.1m
Other operating income
-€324,681
Goods and materials
+€68.8m
Services and other goods
+€566,205
Staff costs
+€34,513
Depreciation
+€200,356
Write-downs
+€84,011
Provisions
-€4,005
Other operating charges
+€90,097
Other operating items
+€8,370
Financial income
+€296,125
Financial charges
+€22,998
Taxes
+€145,470
Deferred taxes and other
-€656
Result 2025
€2.7m
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.
From operations
+€10.5m
Investment
-€7.7m
Financing
-€2.4m
Cash 2024
€1.7m
From operations (derived)
+€10.5m
Net result for the year
+€2.7m
Depreciation
+€705,547
Receivables after one year
+€3.5m
Stocks and contracts
+€718,253
Receivables within one year
-€1.6m
Deferred charges and accrued income
+€110,369
Provisions
+€1,379
Trade debts
-€1.2m
Tax, wage and social debts
-€1.4m
Other debts
+€7.0m
Accrued charges and deferred income
+€58,331
Investment (derived)
-€7.7m
Investment in fixed assets (net)
-€9.2m
Current investments
+€1.6m
Financing
-€2.4m
Debts after one year
+€601,700
Current portion of long-term debt
+€400,000
Short-term financial debts
+€2.2m
Contributions, distributions and other
-€5.6m
Cash 2025
€2.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,003,677 | €28,713,046 | +€4.7m | +19.6% |
| Fixed assets | 21/28 | €3,320,845 | €11,841,335 | +€8.5m | +256.6% |
| Intangible fixed assets | 21 | €125,673 | €199,825 | +€74,151 | +59.0% |
| Tangible fixed assets | 22/27 | €2,956,035 | €2,347,600 | -€608,435 | -20.6% |
| Land and buildings | 22 | €672,375 | €596,462 | -€75,913 | -11.3% |
| Plant, machinery and equipment | 23 | €2,247,041 | €1,715,552 | -€531,490 | -23.7% |
| Furniture and vehicles | 24 | €36,618 | €35,586 | -€1,032 | -2.8% |
| Financial fixed assets | 28 | €239,137 | €9,293,910 | +€9.1m | +3786.4% |
| Affiliated companies | 280/1 | €65,112 | €9,119,885 | +€9.1m | +13906.5% |
| Participating interests | 280 | €65,112 | €65,112 | = | 0.0% |
| Amounts receivable | 281 | - | €9,054,773 | +€9.1m | |
| Companies linked by participating interests | 282/3 | €125,000 | €125,000 | = | 0.0% |
| Participating interests | 282 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable | 283 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €49,025 | €49,025 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €49,025 | €49,025 | = | 0.0% |
| Current assets | 29/58 | €20,682,831 | €16,871,711 | -€3.8m | -18.4% |
| Amounts receivable after more than one year | 29 | €3,509,773 | - | -€3.5m | |
| Other amounts receivable | 291 | €3,509,773 | - | -€3.5m | |
| Stocks and contracts in progress | 3 | €3,199,937 | €2,481,685 | -€718,253 | -22.4% |
| Stocks | 30/36 | €3,199,937 | €2,481,685 | -€718,253 | -22.4% |
| Goods purchased for resale | 34 | €3,199,937 | €2,481,685 | -€718,253 | -22.4% |
| Amounts receivable within one year | 40/41 | €10,448,759 | €12,085,626 | +€1.6m | +15.7% |
| Trade receivables | 40 | €10,150,158 | €9,929,679 | -€220,479 | -2.2% |
| Other amounts receivable | 41 | €298,600 | €2,155,947 | +€1.9m | +622.0% |
| Current investments | 50/53 | €1,550,000 | - | -€1.6m | |
| Other investments | 51/53 | €1,550,000 | - | -€1.6m | |
| Cash at bank and in hand | 54/58 | €1,745,521 | €2,185,928 | +€440,406 | +25.2% |
| Deferred charges and accrued income | 490/1 | €228,841 | €118,472 | -€110,369 | -48.2% |
| Total equity and liabilities | 10/49 | €24,003,677 | €28,713,046 | +€4.7m | +19.6% |
| Equity | 10/15 | €10,397,145 | €7,458,576 | -€2.9m | -28.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €9,609,992 | €6,602,115 | -€3.0m | -31.3% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,992 | €77,115 | -€7,878 | -9.3% |
| Distributable reserves | 133 | €9,500,000 | €6,500,000 | -€3.0m | -31.6% |
| Profit (loss) carried forward | 14 | €342,028 | €457,683 | +€115,654 | +33.8% |
| Investment grants | 15 | €195,124 | €148,779 | -€46,345 | -23.8% |
| Provisions and deferred taxes | 16 | €27,233 | €28,612 | +€1,379 | +5.1% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €14,005 | +€4,005 | +40.1% |
| Major repairs and maintenance | 162 | - | €14,005 | +€14,005 | |
| Environmental obligations | 163 | €10,000 | - | -€10,000 | |
| Deferred taxes | 168 | €17,233 | €14,607 | -€2,626 | -15.2% |
| Amounts payable | 17/49 | €13,579,299 | €21,225,858 | +€7.6m | +56.3% |
| Amounts payable after more than one year | 17 | €2,818,850 | €3,420,550 | +€601,700 | +21.3% |
| Financial debts | 170/4 | €2,800,000 | €3,400,000 | +€600,000 | +21.4% |
| Credit institutions | 173 | €2,800,000 | €3,400,000 | +€600,000 | +21.4% |
| Other amounts payable | 178/9 | €18,850 | €20,550 | +€1,700 | +9.0% |
| Amounts payable within one year | 42/48 | €10,626,779 | €17,613,307 | +€7.0m | +65.7% |
| Current portion of amounts payable after more than one year | 42 | - | €400,000 | +€400,000 | |
| Financial debts | 43 | €1,994,436 | €4,155,000 | +€2.2m | +108.3% |
| Credit institutions | 430/8 | €1,994,436 | €4,155,000 | +€2.2m | +108.3% |
| Trade debts | 44 | €6,849,799 | €5,684,734 | -€1.2m | -17.0% |
| Suppliers | 440/4 | €6,849,799 | €5,684,734 | -€1.2m | -17.0% |
| Taxes, remuneration and social security | 45 | €1,782,544 | €394,319 | -€1.4m | -77.9% |
| Taxes | 450/3 | €1,760,021 | €368,581 | -€1.4m | -79.1% |
| Remuneration and social security | 454/9 | €22,523 | €25,739 | +€3,215 | +14.3% |
| Other amounts payable | 47/48 | - | €6,979,254 | +€7.0m | |
| Accrued charges and deferred income | 492/3 | €133,670 | €192,001 | +€58,331 | +43.6% |
| Operating income | 70/76A | €281,791,805 | €211,409,230 | -€70.4m | -25.0% |
| Turnover | 70 | €281,135,126 | €211,067,483 | -€70.1m | -24.9% |
| Other operating income | 74 | €656,678 | €331,997 | -€324,681 | -49.4% |
| Non-recurring operating income | 76A | - | €9,750 | +€9,750 | |
| Operating charges | 60/66A | €278,001,697 | €208,256,376 | -€69.7m | -25.1% |
| Goods for resale, raw materials and consumables | 60 | €273,481,063 | €204,705,539 | -€68.8m | -25.1% |
| Purchases | 600/8 | €272,139,617 | €203,987,287 | -€68.2m | -25.0% |
| Change in stocks: decrease (increase) | 609 | €1,341,446 | €718,253 | -€623,193 | -46.5% |
| Services and other goods | 61 | €3,044,590 | €2,478,384 | -€566,205 | -18.6% |
| Remuneration, social security and pensions | 62 | €213,611 | €179,098 | -€34,513 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905,903 | €705,547 | -€200,356 | -22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €84,011 | - | -€84,011 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,005 | +€4,005 | |
| Other operating charges | 640/8 | €272,520 | €182,423 | -€90,097 | -33.1% |
| Non-recurring operating charges | 66A | - | €1,380 | +€1,380 | |
| Operating profit (loss) | 9901 | €3,790,108 | €3,152,854 | -€637,254 | -16.8% |
| Financial income | 75/76B | €440,753 | €736,878 | +€296,125 | +67.2% |
| Recurring financial income | 75 | €422,997 | €736,878 | +€313,881 | +74.2% |
| Income from financial fixed assets | 750 | €261,444 | €632,545 | +€371,101 | +141.9% |
| Income from current assets | 751 | €102,099 | €56,689 | -€45,409 | -44.5% |
| Other financial income | 752/9 | €59,454 | €47,644 | -€11,810 | -19.9% |
| Non-recurring financial income | 76B | €17,756 | - | -€17,756 | |
| Financial charges | 65/66B | €494,003 | €471,004 | -€22,998 | -4.7% |
| Recurring financial charges | 65 | €444,846 | €471,004 | +€26,158 | +5.9% |
| Debt charges | 650 | €324,903 | €393,760 | +€68,857 | +21.2% |
| Other financial charges | 652/9 | €119,944 | €77,245 | -€42,699 | -35.6% |
| Non-recurring financial charges | 66B | €49,156 | - | -€49,156 | |
| Profit (loss) for the period before taxes | 9903 | €3,736,859 | €3,418,728 | -€318,131 | -8.5% |
| Transfer from deferred taxes | 780 | €3,282 | €2,626 | -€656 | -20.0% |
| Income taxes | 67/77 | €914,047 | €768,577 | -€145,470 | -15.9% |
| Taxes | 670/3 | €914,047 | €775,947 | -€138,100 | -15.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €7,370 | +€7,370 | |
| Profit (loss) for the period | 9904 | €2,826,094 | €2,652,777 | -€173,317 | -6.1% |
| Transfer from tax-exempt reserves | 789 | €9,847 | €7,878 | -€1,969 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,835,941 | €2,660,654 | -€175,287 | -6.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.