GILOT: 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.
GILOT
Largest movements
- Tangible fixed assets -€62,318
down €62,318 (-6.1%), from €1.0m to €966,729
- Stocks and contracts -€18,157
down €18,157 (-3.8%), from €478,279 to €460,122
- Debts after one year -€135,920
down €135,920 (-16.5%), from €822,666 to €686,745
of which Financial debts: -€79,271
- Trade debts -€29,147
down €29,147 (-25.0%), from €116,801 to €87,653
- Other debts +€28,398
up €28,398 (+68.9%), from €41,202 to €69,600
- Tax, wage and social debts +€24,075
up €24,075 (+183.8%), from €13,102 to €37,177
of which Taxes: +€18,250
- Profit (loss) carried forward +€20,274
up €20,274 (+9.0%), from €224,805 to €245,079
- Gross operating margin +€109,721
up €109,721 (+44.0%), from €249,185 to €358,906
- Write-downs +€46,661
no longer reported in 2025 (was -€46,661)
- Staff costs +€20,596
up €20,596 (+12.5%), from €165,102 to €185,698
- Depreciation +€12,523
up €12,523 (+12.4%), from €100,741 to €113,264
- Financial charges +€8,618
up €8,618 (+58.9%), from €14,628 to €23,245
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 | €1,765,053 | €1,690,063 | -€74,990 | -4.2% |
| Fixed assets | 21/28 | €1,029,318 | €967,666 | -€61,652 | -6.0% |
| Intangible fixed assets | 21 | - | €667 | +€667 | |
| Tangible fixed assets | 22/27 | €1,029,048 | €966,729 | -€62,318 | -6.1% |
| Land and buildings | 22 | €469,539 | €453,214 | -€16,325 | -3.5% |
| Plant, machinery and equipment | 23 | €330,340 | €309,129 | -€21,211 | -6.4% |
| Furniture and vehicles | 24 | €201,889 | €185,307 | -€16,582 | -8.2% |
| Leasing and similar rights | 25 | €27,279 | €19,079 | -€8,200 | -30.1% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €735,735 | €722,397 | -€13,339 | -1.8% |
| Stocks and contracts in progress | 3 | €478,279 | €460,122 | -€18,157 | -3.8% |
| Stocks | 30/36 | €478,279 | €460,122 | -€18,157 | -3.8% |
| Amounts receivable within one year | 40/41 | €187,031 | €189,271 | +€2,240 | +1.2% |
| Trade receivables | 40 | €154,472 | €155,679 | +€1,207 | +0.8% |
| Other amounts receivable | 41 | €32,559 | €33,592 | +€1,032 | +3.2% |
| Cash at bank and in hand | 54/58 | €31,608 | €34,833 | +€3,224 | +10.2% |
| Deferred charges and accrued income | 490/1 | €38,816 | €38,171 | -€645 | -1.7% |
| Total equity and liabilities | 10/49 | €1,765,053 | €1,690,063 | -€74,990 | -4.2% |
| Equity | 10/15 | €684,857 | €705,131 | +€20,274 | +3.0% |
| Contributions | 10/11 | €34,100 | €34,100 | = | 0.0% |
| Revaluation surpluses | 12 | €401,162 | €401,162 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,805 | €245,079 | +€20,274 | +9.0% |
| Amounts payable | 17/49 | €1,080,196 | €984,932 | -€95,264 | -8.8% |
| Amounts payable after more than one year | 17 | €822,666 | €686,745 | -€135,920 | -16.5% |
| Financial debts | 170/4 | €405,034 | €325,763 | -€79,271 | -19.6% |
| Other amounts payable | 178/9 | €417,631 | €360,982 | -€56,649 | -13.6% |
| Amounts payable within one year | 42/48 | €257,016 | €297,765 | +€40,748 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €85,840 | €103,163 | +€17,323 | +20.2% |
| Financial debts | 43 | €72 | €171 | +€99 | +137.9% |
| Credit institutions | 430/8 | €72 | €171 | +€99 | +137.9% |
| Trade debts | 44 | €116,801 | €87,653 | -€29,147 | -25.0% |
| Suppliers | 440/4 | €116,801 | €87,653 | -€29,147 | -25.0% |
| Taxes, remuneration and social security | 45 | €13,102 | €37,177 | +€24,075 | +183.8% |
| Taxes | 450/3 | - | €18,250 | +€18,250 | |
| Remuneration and social security | 454/9 | €13,102 | €18,927 | +€5,825 | +44.5% |
| Other amounts payable | 47/48 | €41,202 | €69,600 | +€28,398 | +68.9% |
| Accrued charges and deferred income | 492/3 | €514 | €422 | -€92 | -17.9% |
| Remuneration, social security and pensions | 62 | €165,102 | €185,698 | +€20,596 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,741 | €113,264 | +€12,523 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€46,661 | - | +€46,661 | |
| Other operating charges | 640/8 | €13,514 | €16,436 | +€2,922 | +21.6% |
| Gross operating margin | 9900 | €249,185 | €358,906 | +€109,721 | +44.0% |
| Operating profit (loss) | 9901 | €16,489 | €43,508 | +€27,019 | +163.9% |
| Financial income | 75/76B | €506 | €11 | -€495 | -97.8% |
| Recurring financial income | 75 | €506 | €11 | -€495 | -97.8% |
| Financial charges | 65/66B | €14,628 | €23,245 | +€8,618 | +58.9% |
| Recurring financial charges | 65 | €14,628 | €23,245 | +€8,618 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €2,367 | €20,274 | +€17,906 | +756.4% |
| Income taxes | 67/77 | €8 | €0 | -€8 | -99.0% |
| Profit (loss) for the period | 9904 | €2,360 | €20,274 | +€17,914 | +759.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,360 | €20,274 | +€17,914 | +759.1% |
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 10 October 2026 via checked.be.