GILYJAN Aviation: what changed
GILYJAN Aviation
Largest movements
- Cash -€138,309
down €138,309 (-54.4%), from €254,414 to €116,105
mainly Investment in fixed assets (net) (-€125,095) and Debts after one year (-€104,748)
- Tangible fixed assets +€74,685
up €74,685 (+6.8%), from €1.1m to €1.2m
of which Land and buildings: +€38,252
- Receivables after one year +€25,000
new in 2025: €25,000
- Receivables within one year -€24,231
down €24,231 (-89.9%), from €26,941 to €2,710
of which Trade receivables: -€22,984
- Reserves +€190,000
up €190,000 (+46.1%), from €411,860 to €601,860
of which Distributable reserves: +€190,000
- Debts after one year -€104,748
down €104,748 (-91.0%), from €115,165 to €10,417
- Other debts -€62,573
down €62,573 (-63.3%), from €98,845 to €36,272
- Trade debts -€60,847
down €60,847 (-42.3%), from €143,755 to €82,908
- Tax, wage and social debts -€18,598
down €18,598 (-27.8%), from €66,795 to €48,197
- Staff costs -€34,902
no longer reported in 2025 (was €34,902)
- Gross operating margin +€29,304
up €29,304 (+9.7%), from €300,708 to €330,012
- Taxes +€22,651
up €22,651 (+37.5%), from €60,446 to €83,097
- Depreciation +€10,621
up €10,621 (+26.7%), from €39,789 to €50,410
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,389,338 | €1,316,553 | -€72,785 | -5.2% |
| Fixed assets | 21/28 | €1,098,053 | €1,172,738 | +€74,685 | +6.8% |
| Tangible fixed assets | 22/27 | €1,098,053 | €1,172,738 | +€74,685 | +6.8% |
| Land and buildings | 22 | €1,069,473 | €1,107,725 | +€38,252 | +3.6% |
| Plant, machinery and equipment | 23 | €24,689 | €26,687 | +€1,998 | +8.1% |
| Furniture and vehicles | 24 | €3,891 | €1,264 | -€2,627 | -67.5% |
| Other tangible fixed assets | 26 | - | €37,062 | +€37,062 | |
| Current assets | 29/58 | €291,285 | €143,815 | -€147,470 | -50.6% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €26,941 | €2,710 | -€24,231 | -89.9% |
| Trade receivables | 40 | €25,694 | €2,710 | -€22,984 | -89.5% |
| Other amounts receivable | 41 | €1,247 | - | -€1,247 | |
| Current investments | 50/53 | €9,930 | - | -€9,930 | |
| Cash at bank and in hand | 54/58 | €254,414 | €116,105 | -€138,309 | -54.4% |
| Total equity and liabilities | 10/49 | €1,389,338 | €1,316,553 | -€72,785 | -5.2% |
| Equity | 10/15 | €842,838 | €1,034,010 | +€191,172 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €411,860 | €601,860 | +€190,000 | +46.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €590,000 | +€190,000 | +47.5% |
| Profit (loss) carried forward | 14 | €412,378 | €413,550 | +€1,172 | +0.3% |
| Amounts payable | 17/49 | €546,500 | €282,543 | -€263,957 | -48.3% |
| Amounts payable after more than one year | 17 | €115,165 | €10,417 | -€104,748 | -91.0% |
| Financial debts | 170/4 | €115,165 | €10,417 | -€104,748 | -91.0% |
| Amounts payable within one year | 42/48 | €430,173 | €272,126 | -€158,047 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €120,778 | €104,749 | -€16,029 | -13.3% |
| Trade debts | 44 | €143,755 | €82,908 | -€60,847 | -42.3% |
| Suppliers | 440/4 | €143,755 | €82,908 | -€60,847 | -42.3% |
| Taxes, remuneration and social security | 45 | €66,795 | €48,197 | -€18,598 | -27.8% |
| Taxes | 450/3 | €66,795 | €48,197 | -€18,598 | -27.8% |
| Other amounts payable | 47/48 | €98,845 | €36,272 | -€62,573 | -63.3% |
| Accrued charges and deferred income | 492/3 | €1,162 | - | -€1,162 | |
| Remuneration, social security and pensions | 62 | €34,902 | - | -€34,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,789 | €50,410 | +€10,621 | +26.7% |
| Other operating charges | 640/8 | €1,497 | €3,196 | +€1,699 | +113% |
| Gross operating margin | 9900 | €300,708 | €330,012 | +€29,304 | +9.7% |
| Operating profit (loss) | 9901 | €224,520 | €276,406 | +€51,886 | +23.1% |
| Financial income | 75/76B | - | €158 | +€158 | |
| Recurring financial income | 75 | - | €158 | +€158 | |
| Financial charges | 65/66B | €3,452 | €2,295 | -€1,157 | -33.5% |
| Recurring financial charges | 65 | €3,452 | €2,295 | -€1,157 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €221,068 | €274,269 | +€53,201 | +24.1% |
| Income taxes | 67/77 | €60,446 | €83,097 | +€22,651 | +37.5% |
| Profit (loss) for the period | 9904 | €160,622 | €191,172 | +€30,550 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,622 | €191,172 | +€30,550 | +19.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.