Giltec Plus: 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.
Giltec Plus
Largest movements
- Receivables within one year +€13,033
up €13,033 (+78.9%), from €16,521 to €29,554
of which Trade receivables: +€11,763
- Cash -€6,665
down €6,665 (-67.7%), from €9,852 to €3,187
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€13,033)
- Other debts +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Profit (loss) carried forward -€6,042
down €6,042 (-39.8%), from €15,186 to €9,145
- Trade debts +€2,582
up €2,582 (+1264.5%), from €204 to €2,786
- Gross operating margin +€3,294
up €3,294 (+10.7%), from €30,820 to €34,114
- Taxes +€842
up €842 (+10.9%), from €7,764 to €8,606
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 | €57,391 | €63,931 | +€6,540 | +11.4% |
| Fixed assets | 21/28 | €622 | €1,179 | +€557 | +89.5% |
| Tangible fixed assets | 22/27 | €622 | €1,179 | +€557 | +89.5% |
| Furniture and vehicles | 24 | €622 | €1,179 | +€557 | +89.5% |
| Current assets | 29/58 | €56,768 | €62,752 | +€5,983 | +10.5% |
| Stocks and contracts in progress | 3 | €29,878 | €29,354 | -€523 | -1.8% |
| Stocks | 30/36 | €29,878 | €29,354 | -€523 | -1.8% |
| Amounts receivable within one year | 40/41 | €16,521 | €29,554 | +€13,033 | +78.9% |
| Trade receivables | 40 | €320 | €12,083 | +€11,763 | +3675.9% |
| Other amounts receivable | 41 | €16,201 | €17,471 | +€1,271 | +7.8% |
| Cash at bank and in hand | 54/58 | €9,852 | €3,187 | -€6,665 | -67.7% |
| Deferred charges and accrued income | 490/1 | €518 | €656 | +€138 | +26.7% |
| Total equity and liabilities | 10/49 | €57,391 | €63,931 | +€6,540 | +11.4% |
| Equity | 10/15 | €37,186 | €31,145 | -€6,042 | -16.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,186 | €9,145 | -€6,042 | -39.8% |
| Amounts payable | 17/49 | €20,204 | €32,786 | +€12,582 | +62.3% |
| Amounts payable within one year | 42/48 | €20,204 | €32,786 | +€12,582 | +62.3% |
| Trade debts | 44 | €204 | €2,786 | +€2,582 | +1264.5% |
| Suppliers | 440/4 | €204 | €2,786 | +€2,582 | +1264.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,255 | €1,038 | -€216 | -17.2% |
| Other operating charges | 640/8 | €205 | €221 | +€16 | +7.6% |
| Gross operating margin | 9900 | €30,820 | €34,114 | +€3,294 | +10.7% |
| Operating profit (loss) | 9901 | €29,360 | €32,855 | +€3,495 | +11.9% |
| Financial income | 75/76B | €913 | €590 | -€323 | -35.3% |
| Recurring financial income | 75 | €913 | €590 | -€323 | -35.3% |
| Financial charges | 65/66B | €715 | €881 | +€166 | +23.2% |
| Recurring financial charges | 65 | €715 | €881 | +€166 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €29,558 | €32,565 | +€3,006 | +10.2% |
| Income taxes | 67/77 | €7,764 | €8,606 | +€842 | +10.9% |
| Profit (loss) for the period | 9904 | €21,794 | €23,958 | +€2,164 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,794 | €23,958 | +€2,164 | +9.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.