GILTEK: 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.
GILTEK
Largest movements
- Receivables within one year +€38,950
up €38,950 (+34.0%), from €114,664 to €153,614
of which Trade receivables: +€26,275
- Trade debts +€22,208
up €22,208 (+48.1%), from €46,159 to €68,367
- Profit (loss) carried forward +€16,822
up €16,822 (+35.3%), from €47,695 to €64,517
- Other debts -€9,000
down €9,000 (-100.0%), from €9,000 to €0
- Tax, wage and social debts +€7,870
up €7,870 (+115.2%), from €6,830 to €14,700
of which Taxes: +€4,635
- Turnover -€26,397
down €26,397 (-10.2%), from €258,046 to €231,649
- Purchases and services -€17,537
down €17,537 (-7.8%), from €225,004 to €207,467
- Gross operating margin -€8,860
down €8,860 (-26.8%), from €33,042 to €24,182
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 | €117,744 | €155,644 | +€37,900 | +32.2% |
| Fixed assets | 21/28 | €1,035 | €259 | -€776 | -75.0% |
| Tangible fixed assets | 22/27 | €1,035 | €259 | -€776 | -75.0% |
| Plant, machinery and equipment | 23 | €458 | €114 | -€343 | -75.0% |
| Furniture and vehicles | 24 | €577 | €144 | -€433 | -75.0% |
| Current assets | 29/58 | €116,709 | €155,386 | +€38,677 | +33.1% |
| Amounts receivable within one year | 40/41 | €114,664 | €153,614 | +€38,950 | +34.0% |
| Trade receivables | 40 | €61,353 | €87,628 | +€26,275 | +42.8% |
| Other amounts receivable | 41 | €53,311 | €65,986 | +€12,675 | +23.8% |
| Cash at bank and in hand | 54/58 | €363 | €139 | -€223 | -61.6% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,632 | -€50 | -3.0% |
| Total equity and liabilities | 10/49 | €117,744 | €155,644 | +€37,900 | +32.2% |
| Equity | 10/15 | €55,755 | €72,577 | +€16,822 | +30.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| 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 | €47,695 | €64,517 | +€16,822 | +35.3% |
| Amounts payable | 17/49 | €61,989 | €83,067 | +€21,078 | +34.0% |
| Amounts payable within one year | 42/48 | €61,989 | €83,067 | +€21,078 | +34.0% |
| Trade debts | 44 | €46,159 | €68,367 | +€22,208 | +48.1% |
| Suppliers | 440/4 | €46,159 | €68,367 | +€22,208 | +48.1% |
| Taxes, remuneration and social security | 45 | €6,830 | €14,700 | +€7,870 | +115.2% |
| Taxes | 450/3 | €6,630 | €11,265 | +€4,635 | +69.9% |
| Remuneration and social security | 454/9 | €200 | €3,435 | +€3,235 | +1614.4% |
| Other amounts payable | 47/48 | €9,000 | €0 | -€9,000 | -100.0% |
| Turnover | 70 | €258,046 | €231,649 | -€26,397 | -10.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €225,004 | €207,467 | -€17,537 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,999 | €776 | -€2,222 | -74.1% |
| Other operating charges | 640/8 | €495 | €101 | -€394 | -79.6% |
| Gross operating margin | 9900 | €33,042 | €24,182 | -€8,860 | -26.8% |
| Operating profit (loss) | 9901 | €29,548 | €23,305 | -€6,243 | -21.1% |
| Financial income | 75/76B | €2 | €11 | +€9 | +605.3% |
| Recurring financial income | 75 | €2 | €11 | +€9 | +605.3% |
| Financial charges | 65/66B | €284 | €304 | +€20 | +6.9% |
| Recurring financial charges | 65 | €284 | €304 | +€20 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €29,265 | €23,012 | -€6,254 | -21.4% |
| Income taxes | 67/77 | €5,640 | €6,189 | +€550 | +9.7% |
| Profit (loss) for the period | 9904 | €23,626 | €16,822 | -€6,804 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,626 | €16,822 | -€6,804 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.