GILSON'S: 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'S
Largest movements
- Receivables within one year +€360,632
up €360,632 (+5.8%), from €6.3m to €6.6m
- Deferred charges and accrued income -€297,451
down €297,451 (-66.3%), from €448,906 to €151,455
- Other debts +€5.1m
new in 2025: €5.1m
- Reserves -€5.0m
down €5.0m (-82.7%), from €6.0m to €1.0m
of which Distributable reserves: -€5.0m
- Financial charges -€3.3m
down €3.3m (-99.6%), from €3.3m to €13,490
- Financial income -€964,969
down €964,969 (-83.3%), from €1.2m to €193,626
- Taxes -€566,904
down €566,904 (-93.9%), from €603,780 to €36,876
- Gross operating margin -€50,012
down €50,012, from €6,333 to -€43,679
- Other operating charges -€794
down €794 (-41.2%), from €1,928 to €1,134
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 | €6,715,808 | €6,778,541 | +€62,734 | +0.9% |
| Current assets | 29/58 | €6,715,808 | €6,778,541 | +€62,734 | +0.9% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,256,416 | €6,617,048 | +€360,632 | +5.8% |
| Other amounts receivable | 41 | €6,256,416 | €6,617,048 | +€360,632 | +5.8% |
| Cash at bank and in hand | 54/58 | €486 | €39 | -€447 | -92.0% |
| Deferred charges and accrued income | 490/1 | €448,906 | €151,455 | -€297,451 | -66.3% |
| Total equity and liabilities | 10/49 | €6,715,808 | €6,778,541 | +€62,734 | +0.9% |
| Equity | 10/15 | €6,109,979 | €1,109,979 | -€5.0m | -81.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,047,979 | €1,047,979 | -€5.0m | -82.7% |
| Non-distributable reserves | 130/1 | €209,291 | €209,291 | = | 0.0% |
| Legal reserve | 130 | €209,291 | €209,291 | = | 0.0% |
| Distributable reserves | 133 | €5,838,687 | €838,687 | -€5.0m | -85.6% |
| Amounts payable | 17/49 | €605,829 | €5,668,563 | +€5.1m | +836% |
| Amounts payable within one year | 42/48 | €605,225 | €5,668,405 | +€5.1m | +837% |
| Trade debts | 44 | €1,445 | €13,302 | +€11,856 | +820% |
| Suppliers | 440/4 | €1,445 | €13,302 | +€11,856 | +820% |
| Taxes, remuneration and social security | 45 | €603,780 | €556,655 | -€47,124 | -7.8% |
| Taxes | 450/3 | €603,780 | €556,655 | -€47,124 | -7.8% |
| Other amounts payable | 47/48 | - | €5,098,448 | +€5.1m | |
| Accrued charges and deferred income | 492/3 | €604 | €157 | -€446 | -73.9% |
| Other operating charges | 640/8 | €1,928 | €1,134 | -€794 | -41.2% |
| Gross operating margin | 9900 | €6,333 | -€43,679 | -€50,012 | |
| Operating profit (loss) | 9901 | €4,405 | -€44,813 | -€49,218 | |
| Financial income | 75/76B | €1,158,595 | €193,626 | -€964,969 | -83.3% |
| Recurring financial income | 75 | €1,158,595 | €193,626 | -€964,969 | -83.3% |
| Financial charges | 65/66B | €3,288,424 | €13,490 | -€3.3m | -99.6% |
| Recurring financial charges | 65 | €3,288,424 | €13,490 | -€3.3m | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,125,423 | €135,324 | +€2.3m | |
| Transfer from deferred taxes | 780 | €949,630 | - | -€949,630 | |
| Income taxes | 67/77 | €603,780 | €36,876 | -€566,904 | -93.9% |
| Profit (loss) for the period | 9904 | -€1,779,573 | €98,448 | +€1.9m | |
| Transfer from tax-exempt reserves | 789 | €2,848,889 | - | -€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,069,316 | €98,448 | -€970,868 | -90.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.