GILS: 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.
GILS
Largest movements
- Current investments -€20,291
down €20,291 (-8.9%), from €226,789 to €206,498
- Cash +€13,119
up €13,119 (+105.0%), from €12,494 to €25,613
mainly Depreciation (+€31,021) and Current investments (+€20,291)
- Receivables within one year -€4,385
down €4,385 (-75.5%), from €5,810 to €1,424
of which Trade receivables: -€4,915
- Profit (loss) carried forward -€7,478
down €7,478 (-8.9%), from €83,672 to €76,195
- Gross operating margin +€12,314
up €12,314 (+78.0%), from €15,794 to €28,108
- Depreciation +€8,068
up €8,068 (+35.2%), from €22,953 to €31,021
- Financial income -€7,688
down €7,688 (-83.5%), from €9,210 to €1,523
- Other operating charges -€3,597
down €3,597 (-38.5%), from €9,340 to €5,743
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 | €396,602 | €386,998 | -€9,604 | -2.4% |
| Fixed assets | 21/28 | €148,379 | €151,632 | +€3,253 | +2.2% |
| Tangible fixed assets | 22/27 | €148,379 | €151,632 | +€3,253 | +2.2% |
| Land and buildings | 22 | €100,687 | €84,567 | -€16,120 | -16.0% |
| Plant, machinery and equipment | 23 | €47,693 | €41,556 | -€6,137 | -12.9% |
| Furniture and vehicles | 24 | - | €25,509 | +€25,509 | |
| Current assets | 29/58 | €248,223 | €235,366 | -€12,857 | -5.2% |
| Amounts receivable within one year | 40/41 | €5,810 | €1,424 | -€4,385 | -75.5% |
| Trade receivables | 40 | €5,063 | €148 | -€4,915 | -97.1% |
| Other amounts receivable | 41 | €747 | €1,276 | +€530 | +70.9% |
| Current investments | 50/53 | €226,789 | €206,498 | -€20,291 | -8.9% |
| Cash at bank and in hand | 54/58 | €12,494 | €25,613 | +€13,119 | +105.0% |
| Deferred charges and accrued income | 490/1 | €3,130 | €1,831 | -€1,300 | -41.5% |
| Total equity and liabilities | 10/49 | €396,602 | €386,998 | -€9,604 | -2.4% |
| Equity | 10/15 | €382,550 | €375,072 | -€7,478 | -2.0% |
| Contributions | 10/11 | €62,105 | €62,105 | = | 0.0% |
| Capital | 10 | €62,105 | €62,105 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €236,773 | €236,773 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,450 | €7,450 | = | 0.0% |
| Legal reserve | 130 | €7,450 | €7,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,323 | €54,323 | = | 0.0% |
| Distributable reserves | 133 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,672 | €76,195 | -€7,478 | -8.9% |
| Amounts payable | 17/49 | €14,052 | €11,926 | -€2,126 | -15.1% |
| Amounts payable within one year | 42/48 | €14,052 | €11,926 | -€2,126 | -15.1% |
| Trade debts | 44 | €1,877 | €1,942 | +€65 | +3.5% |
| Suppliers | 440/4 | €1,877 | €1,942 | +€65 | +3.5% |
| Other amounts payable | 47/48 | €12,175 | €9,984 | -€2,192 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,953 | €31,021 | +€8,068 | +35.2% |
| Other operating charges | 640/8 | €9,340 | €5,743 | -€3,597 | -38.5% |
| Non-recurring operating charges | 66A | €126 | €99 | -€27 | -21.2% |
| Gross operating margin | 9900 | €15,794 | €28,108 | +€12,314 | +78.0% |
| Operating profit (loss) | 9901 | -€16,625 | -€8,755 | +€7,869 | +47.3% |
| Financial income | 75/76B | €9,210 | €1,523 | -€7,688 | -83.5% |
| Recurring financial income | 75 | €9,210 | €1,523 | -€7,688 | -83.5% |
| Financial charges | 65/66B | €41 | €47 | +€6 | +14.1% |
| Recurring financial charges | 65 | €41 | €47 | +€6 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,456 | -€7,280 | +€176 | +2.4% |
| Income taxes | 67/77 | €344 | €198 | -€147 | -42.6% |
| Profit (loss) for the period | 9904 | -€7,800 | -€7,478 | +€323 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,800 | -€7,478 | +€323 | +4.1% |
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 12 October 2026 via checked.be.