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Gilti: 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.

What changed

Gilti

BE 0406.860.065
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€41,498
2024 · -€3,340+€44,837
Equity
€267,711
2024 · €226,213+€41,498
Cash
€20,841
2024 · €22,216-€1,375
Balance sheet total
€287,648
2024 · €243,576+€44,071

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€42,446

    up €42,446 (+35.4%), from €119,980 to €162,427

  • Current investments +€3,000

    up €3,000 (+25.0%), from €12,000 to €15,000

Equity and liabilities
  • Reserves +€41,498

    up €41,498 (+25.3%), from €164,200 to €205,698

    of which Distributable reserves: +€41,498

  • Tax, wage and social debts +€4,150

    new in 2025: €4,150

Income statement
  • Gross operating margin +€61,565

    up €61,565 (+956.7%), from €6,435 to €68,000

  • Taxes +€16,986

    new in 2025: €16,986

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€3,340
Gross operating margin +€61,565
Other operating charges -€302
Financial income +€565
Financial charges -€5
Taxes -€16,986
Result 2025 €41,498

Cash bridge derived

cash 2024 to 2025

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.

From operations +€1,625
Investment -€3,000
Financing €0
Cash 2024 €22,216
Net result for the year +€41,498
Receivables within one year -€42,446
Trade debts +€310
Tax, wage and social debts +€4,150
Other debts -€1,886
Current investments -€3,000
Cash 2025 €20,841
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €243,576 €287,648 +€44,071 +18.1%
Fixed assets 21/28 €89,380 €89,380 = 0.0%
Tangible fixed assets 22/27 €58,405 €58,405 = 0.0%
Land and buildings 22 €58,405 €58,405 = 0.0%
Financial fixed assets 28 €30,975 €30,975 = 0.0%
Current assets 29/58 €154,196 €198,268 +€44,071 +28.6%
Amounts receivable within one year 40/41 €119,980 €162,427 +€42,446 +35.4%
Other amounts receivable 41 €119,980 €162,427 +€42,446 +35.4%
Current investments 50/53 €12,000 €15,000 +€3,000 +25.0%
Cash at bank and in hand 54/58 €22,216 €20,841 -€1,375 -6.2%
Total equity and liabilities 10/49 €243,576 €287,648 +€44,071 +18.1%
Equity 10/15 €226,213 €267,711 +€41,498 +18.3%
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 €164,200 €205,698 +€41,498 +25.3%
Non-distributable reserves 130/1 €6,200 €6,200 = 0.0%
Legal reserve 130 €6,200 €6,200 = 0.0%
Distributable reserves 133 €158,000 €199,498 +€41,498 +26.3%
Profit (loss) carried forward 14 €13 €13 = 0.0%
Amounts payable 17/49 €17,363 €19,937 +€2,574 +14.8%
Amounts payable within one year 42/48 €17,363 €19,937 +€2,574 +14.8%
Trade debts 44 €9,910 €10,220 +€310 +3.1%
Suppliers 440/4 €9,910 €10,220 +€310 +3.1%
Taxes, remuneration and social security 45 - €4,150 +€4,150
Taxes 450/3 - €4,150 +€4,150
Other amounts payable 47/48 €7,453 €5,567 -€1,886 -25.3%
Other operating charges 640/8 €9,913 €10,215 +€302 +3.0%
Gross operating margin 9900 €6,435 €68,000 +€61,565 +956.7%
Operating profit (loss) 9901 -€3,478 €57,786 +€61,264
Financial income 75/76B €162 €727 +€565 +348.3%
Recurring financial income 75 €162 €727 +€565 +348.3%
Financial charges 65/66B €24 €29 +€5 +18.8%
Recurring financial charges 65 €24 €29 +€5 +18.8%
Profit (loss) for the period before taxes 9903 -€3,340 €58,484 +€61,824
Income taxes 67/77 - €16,986 +€16,986
Profit (loss) for the period 9904 -€3,340 €41,498 +€44,837
Profit (loss) for the period to be appropriated 9905 -€3,340 €41,498 +€44,837

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 29 September 2026 via checked.be.