GILSON ROGER: 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 ROGER
Largest movements
- Cash -€9,290
down €9,290 (-61.6%), from €15,084 to €5,795
mainly Net result for the year (-€7,969) and Receivables within one year (-€2,697)
- Receivables within one year +€2,697
up €2,697 (+96.3%), from €2,799 to €5,496
of which Other amounts receivable: +€1,998
- Tangible fixed assets +€852
up €852 (+256%), from €333 to €1,185
of which Furniture and vehicles: +€1,185
- Stocks and contracts +€269
up €269 (+34.2%), from €788 to €1,057
- Profit (loss) carried forward -€7,969
down €7,969 (-448%), from -€1,778 to -€9,746
- Advances received +€5,054
up €5,054, from €0 to €5,054
- Trade debts -€1,329
down €1,329 (-73.7%), from €1,804 to €475
- Other debts -€885
down €885 (-100%), from €885 to €0
- Tax, wage and social debts -€400
down €400 (-100%), from €400 to €0
- Gross operating margin -€12,591
down €12,591, from €6,365 to -€6,226
- Other operating charges -€560
down €560 (-40.0%), from €1,400 to €840
- Depreciation +€518
up €518 (+152%), from €340 to €858
- Taxes -€400
down €400 (-100%), from €400 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,384 | €13,810 | -€5,574 | -28.8% |
| Fixed assets | 21/28 | €333 | €1,185 | +€852 | +256% |
| Tangible fixed assets | 22/27 | €333 | €1,185 | +€852 | +256% |
| Plant, machinery and equipment | 23 | €333 | €0 | -€333 | -100% |
| Furniture and vehicles | 24 | - | €1,185 | +€1,185 | |
| Current assets | 29/58 | €19,051 | €12,625 | -€6,426 | -33.7% |
| Stocks and contracts in progress | 3 | €788 | €1,057 | +€269 | +34.2% |
| Stocks | 30/36 | €788 | €1,057 | +€269 | +34.2% |
| Amounts receivable within one year | 40/41 | €2,799 | €5,496 | +€2,697 | +96.3% |
| Trade receivables | 40 | €2,302 | €3,000 | +€698 | +30.3% |
| Other amounts receivable | 41 | €498 | €2,496 | +€1,998 | +402% |
| Cash at bank and in hand | 54/58 | €15,084 | €5,795 | -€9,290 | -61.6% |
| Deferred charges and accrued income | 490/1 | €380 | €278 | -€103 | -27.0% |
| Total equity and liabilities | 10/49 | €19,384 | €13,810 | -€5,574 | -28.8% |
| Equity | 10/15 | €16,082 | €8,114 | -€7,969 | -49.6% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,778 | -€9,746 | -€7,969 | -448% |
| Amounts payable | 17/49 | €3,302 | €5,697 | +€2,395 | +72.5% |
| Amounts payable within one year | 42/48 | €3,089 | €5,529 | +€2,440 | +79.0% |
| Trade debts | 44 | €1,804 | €475 | -€1,329 | -73.7% |
| Suppliers | 440/4 | €1,804 | €475 | -€1,329 | -73.7% |
| Advances received on contracts in progress | 46 | €0 | €5,054 | +€5,054 | |
| Taxes, remuneration and social security | 45 | €400 | €0 | -€400 | -100% |
| Taxes | 450/3 | €400 | €0 | -€400 | -100% |
| Other amounts payable | 47/48 | €885 | €0 | -€885 | -100% |
| Accrued charges and deferred income | 492/3 | €214 | €168 | -€46 | -21.4% |
| Non-recurring operating income | 76A | €466 | €800 | +€334 | +71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €858 | +€518 | +152% |
| Other operating charges | 640/8 | €1,400 | €840 | -€560 | -40.0% |
| Gross operating margin | 9900 | €6,365 | -€6,226 | -€12,591 | |
| Operating profit (loss) | 9901 | €4,625 | -€7,923 | -€12,549 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €60 | €59 | -€1 | -2.4% |
| Recurring financial charges | 65 | €60 | €59 | -€1 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €4,565 | -€7,969 | -€12,534 | |
| Income taxes | 67/77 | €400 | €0 | -€400 | -100% |
| Profit (loss) for the period | 9904 | €4,166 | -€7,969 | -€12,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,166 | -€7,969 | -€12,135 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.