GILSON & Associés: 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.
GILSON & Associés
Largest movements
- Cash +€82,213
up €82,213 (+32.2%), from €255,524 to €337,737
mainly Net result for the year (+€147,721) and Receivables within one year (+€64,156)
- Receivables within one year -€64,156
down €64,156 (-12.5%), from €514,396 to €450,240
of which Trade receivables: -€62,397
- Other debts -€59,474
down €59,474 (-24.0%), from €248,240 to €188,766
- Trade debts +€55,821
up €55,821 (+238%), from €23,451 to €79,272
- Tax, wage and social debts +€15,720
up €15,720 (+20.8%), from €75,612 to €91,332
of which Remuneration and social security: +€11,971
- Staff costs +€65,310
up €65,310 (+14.1%), from €462,846 to €528,155
- Gross operating margin +€14,568
up €14,568 (+2.0%), from €718,692 to €733,261
- Taxes -€11,265
down €11,265 (-30.8%), from €36,523 to €25,258
- Depreciation +€7,913
up €7,913 (+32.8%), from €24,147 to €32,060
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.
Derived cash bridge
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 | €897,897 | €915,150 | +€17,253 | +1.9% |
| Fixed assets | 21/28 | €96,490 | €88,687 | -€7,804 | -8.1% |
| Intangible fixed assets | 21 | €2,148 | €429 | -€1,719 | -80.0% |
| Tangible fixed assets | 22/27 | €80,693 | €75,108 | -€5,585 | -6.9% |
| Plant, machinery and equipment | 23 | €19,459 | €27,178 | +€7,719 | +39.7% |
| Furniture and vehicles | 24 | €55,503 | €42,822 | -€12,680 | -22.8% |
| Other tangible fixed assets | 26 | €5,731 | €5,107 | -€624 | -10.9% |
| Financial fixed assets | 28 | €13,650 | €13,150 | -€500 | -3.7% |
| Current assets | 29/58 | €801,407 | €826,463 | +€25,056 | +3.1% |
| Amounts receivable within one year | 40/41 | €514,396 | €450,240 | -€64,156 | -12.5% |
| Trade receivables | 40 | €490,447 | €428,051 | -€62,397 | -12.7% |
| Other amounts receivable | 41 | €23,949 | €22,190 | -€1,759 | -7.3% |
| Cash at bank and in hand | 54/58 | €255,524 | €337,737 | +€82,213 | +32.2% |
| Deferred charges and accrued income | 490/1 | €31,487 | €38,486 | +€6,999 | +22.2% |
| Total equity and liabilities | 10/49 | €897,897 | €915,150 | +€17,253 | +1.9% |
| Equity | 10/15 | €370,594 | €375,780 | +€5,186 | +1.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €20,479 | €20,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €20,479 | €20,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,326 | €330,512 | +€5,186 | +1.6% |
| Amounts payable | 17/49 | €527,303 | €539,370 | +€12,067 | +2.3% |
| Amounts payable after more than one year | 17 | €180,000 | €180,000 | = | 0.0% |
| Other amounts payable | 178/9 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €347,303 | €359,370 | +€12,067 | +3.5% |
| Trade debts | 44 | €23,451 | €79,272 | +€55,821 | +238% |
| Suppliers | 440/4 | €23,451 | €79,272 | +€55,821 | +238% |
| Taxes, remuneration and social security | 45 | €75,612 | €91,332 | +€15,720 | +20.8% |
| Taxes | 450/3 | €9,601 | €13,350 | +€3,749 | +39.0% |
| Remuneration and social security | 454/9 | €66,010 | €77,981 | +€11,971 | +18.1% |
| Other amounts payable | 47/48 | €248,240 | €188,766 | -€59,474 | -24.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €462,846 | €528,155 | +€65,310 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,147 | €32,060 | +€7,913 | +32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,301 | -€3,314 | +€1,987 | +37.5% |
| Other operating charges | 640/8 | €4,794 | €1,227 | -€3,567 | -74.4% |
| Gross operating margin | 9900 | €718,692 | €733,261 | +€14,568 | +2.0% |
| Operating profit (loss) | 9901 | €232,207 | €175,132 | -€57,075 | -24.6% |
| Financial income | 75/76B | €78 | €76 | -€3 | -3.3% |
| Recurring financial income | 75 | €78 | €76 | -€3 | -3.3% |
| Financial charges | 65/66B | €2,591 | €2,228 | -€362 | -14.0% |
| Recurring financial charges | 65 | €2,591 | €2,228 | -€362 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €229,694 | €172,979 | -€56,715 | -24.7% |
| Income taxes | 67/77 | €36,523 | €25,258 | -€11,265 | -30.8% |
| Profit (loss) for the period | 9904 | €193,172 | €147,721 | -€45,450 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €193,172 | €147,721 | -€45,450 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.