GILS: 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.
GILS
Largest movements
- Receivables within one year -€25,560
down €25,560 (-59.8%), from €42,754 to €17,194
of which Trade receivables: -€25,260
- Tangible fixed assets -€7,383
down €7,383 (-3.0%), from €249,170 to €241,787
of which Land and buildings: -€4,923
- Cash -€6,580
down €6,580 (-7.6%), from €86,932 to €80,352
mainly Trade debts (-€23,450) and Investment in fixed assets (net) (-€15,951)
- Trade debts -€23,450
down €23,450 (-84.1%), from €27,882 to €4,432
- Profit (loss) carried forward +€15,860
up €15,860 (+9.1%), from €173,570 to €189,430
- Current portion of long-term debt -€13,867
down €13,867 (-53.8%), from €25,776 to €11,909
- Debts after one year -€10,718
down €10,718 (-14.2%), from €75,576 to €64,858
- Tax, wage and social debts -€7,454
down €7,454 (-32.4%), from €22,999 to €15,544
of which Taxes: -€5,204
- Gross operating margin -€71,174
down €71,174 (-58.5%), from €121,696 to €50,523
- Other operating charges -€51,301
down €51,301 (-99.3%), from €51,688 to €387
- Taxes -€4,306
down €4,306 (-41.0%), from €10,511 to €6,205
- Depreciation -€3,981
down €3,981 (-14.6%), from €27,316 to €23,334
- Financial charges +€2,438
up €2,438 (+106.0%), from €2,299 to €4,737
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,627 | €340,435 | -€41,191 | -10.8% |
| Fixed assets | 21/28 | €249,170 | €241,787 | -€7,383 | -3.0% |
| Tangible fixed assets | 22/27 | €249,170 | €241,787 | -€7,383 | -3.0% |
| Land and buildings | 22 | €124,635 | €119,712 | -€4,923 | -4.0% |
| Plant, machinery and equipment | 23 | €6,763 | €5,264 | -€1,500 | -22.2% |
| Furniture and vehicles | 24 | €46,795 | €46,600 | -€194 | -0.4% |
| Other tangible fixed assets | 26 | €70,977 | €70,211 | -€766 | -1.1% |
| Current assets | 29/58 | €132,457 | €98,649 | -€33,808 | -25.5% |
| Amounts receivable within one year | 40/41 | €42,754 | €17,194 | -€25,560 | -59.8% |
| Trade receivables | 40 | €42,454 | €17,194 | -€25,260 | -59.5% |
| Other amounts receivable | 41 | €300 | - | -€300 | |
| Cash at bank and in hand | 54/58 | €86,932 | €80,352 | -€6,580 | -7.6% |
| Deferred charges and accrued income | 490/1 | €2,771 | €1,102 | -€1,668 | -60.2% |
| Total equity and liabilities | 10/49 | €381,627 | €340,435 | -€41,191 | -10.8% |
| Equity | 10/15 | €211,445 | €227,305 | +€15,860 | +7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,475 | €25,475 | = | 0.0% |
| Distributable reserves | 133 | €25,475 | €25,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,570 | €189,430 | +€15,860 | +9.1% |
| Amounts payable | 17/49 | €170,182 | €113,131 | -€57,051 | -33.5% |
| Amounts payable after more than one year | 17 | €75,576 | €64,858 | -€10,718 | -14.2% |
| Financial debts | 170/4 | €75,576 | €64,858 | -€10,718 | -14.2% |
| Amounts payable within one year | 42/48 | €94,606 | €48,273 | -€46,333 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €25,776 | €11,909 | -€13,867 | -53.8% |
| Trade debts | 44 | €27,882 | €4,432 | -€23,450 | -84.1% |
| Suppliers | 440/4 | €27,882 | €4,432 | -€23,450 | -84.1% |
| Taxes, remuneration and social security | 45 | €22,999 | €15,544 | -€7,454 | -32.4% |
| Taxes | 450/3 | €20,749 | €15,544 | -€5,204 | -25.1% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €17,950 | €16,387 | -€1,563 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,316 | €23,334 | -€3,981 | -14.6% |
| Other operating charges | 640/8 | €51,688 | €387 | -€51,301 | -99.3% |
| Gross operating margin | 9900 | €121,696 | €50,523 | -€71,174 | -58.5% |
| Operating profit (loss) | 9901 | €42,693 | €26,801 | -€15,892 | -37.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5750.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5750.0% |
| Financial charges | 65/66B | €2,299 | €4,737 | +€2,438 | +106.0% |
| Recurring financial charges | 65 | €2,299 | €4,737 | +€2,438 | +106.0% |
| Profit (loss) for the period before taxes | 9903 | €40,393 | €22,065 | -€18,328 | -45.4% |
| Income taxes | 67/77 | €10,511 | €6,205 | -€4,306 | -41.0% |
| Profit (loss) for the period | 9904 | €29,883 | €15,860 | -€14,023 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,883 | €15,860 | -€14,023 | -46.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.