Guilliams Immo Projects: 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.
Guilliams Immo Projects
Largest movements
- Stocks and contracts -€1.3m
down €1.3m (-43.7%), from €2.9m to €1.6m
- Receivables within one year -€100,635
down €100,635 (-17.2%), from €583,922 to €483,287
of which Trade receivables: -€77,576
- Short-term financial debts -€931,265
down €931,265 (-55.0%), from €1.7m to €760,663
- Other debts -€740,374
down €740,374 (-75.3%), from €983,114 to €242,740
- Trade debts +€439,003
up €439,003 (+122%), from €359,536 to €798,538
- Accrued charges and deferred income -€118,562
down €118,562 (-100%), from €118,562 to €0
- Tax, wage and social debts -€68,708
down €68,708 (-43.0%), from €159,926 to €91,217
- Gross operating margin -€87,169
down €87,169 (-34.1%), from €255,844 to €168,675
- Taxes -€25,262
down €25,262 (-53.2%), from €47,487 to €22,225
- Financial charges +€7,628
up €7,628 (+10.9%), from €70,271 to €77,899
- Other operating charges -€6,098
down €6,098 (-68.0%), from €8,972 to €2,874
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 | €3,468,050 | €2,114,819 | -€1.4m | -39.0% |
| Fixed assets | 21/28 | - | €6,000 | +€6,000 | |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €3,468,050 | €2,108,819 | -€1.4m | -39.2% |
| Stocks and contracts in progress | 3 | €2,882,310 | €1,624,089 | -€1.3m | -43.7% |
| Stocks | 30/36 | €2,882,310 | €1,624,089 | -€1.3m | -43.7% |
| Amounts receivable within one year | 40/41 | €583,922 | €483,287 | -€100,635 | -17.2% |
| Trade receivables | 40 | €527,576 | €450,000 | -€77,576 | -14.7% |
| Other amounts receivable | 41 | €56,346 | €33,287 | -€23,058 | -40.9% |
| Cash at bank and in hand | 54/58 | €470 | €1,443 | +€973 | +207% |
| Deferred charges and accrued income | 490/1 | €1,348 | €0 | -€1,348 | -100% |
| Total equity and liabilities | 10/49 | €3,468,050 | €2,114,819 | -€1.4m | -39.0% |
| Equity | 10/15 | €154,984 | €221,660 | +€66,676 | +43.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,484 | €214,160 | +€66,676 | +45.2% |
| Amounts payable | 17/49 | €3,313,066 | €1,893,159 | -€1.4m | -42.9% |
| Amounts payable within one year | 42/48 | €3,194,504 | €1,893,159 | -€1.3m | -40.7% |
| Financial debts | 43 | €1,691,928 | €760,663 | -€931,265 | -55.0% |
| Credit institutions | 430/8 | €1,691,928 | €760,663 | -€931,265 | -55.0% |
| Trade debts | 44 | €359,536 | €798,538 | +€439,003 | +122% |
| Suppliers | 440/4 | €359,536 | €798,538 | +€439,003 | +122% |
| Taxes, remuneration and social security | 45 | €159,926 | €91,217 | -€68,708 | -43.0% |
| Taxes | 450/3 | €159,926 | €91,217 | -€68,708 | -43.0% |
| Other amounts payable | 47/48 | €983,114 | €242,740 | -€740,374 | -75.3% |
| Accrued charges and deferred income | 492/3 | €118,562 | €0 | -€118,562 | -100% |
| Other operating charges | 640/8 | €8,972 | €2,874 | -€6,098 | -68.0% |
| Gross operating margin | 9900 | €255,844 | €168,675 | -€87,169 | -34.1% |
| Operating profit (loss) | 9901 | €246,872 | €165,801 | -€81,071 | -32.8% |
| Financial income | 75/76B | €1,348 | €999 | -€349 | -25.9% |
| Recurring financial income | 75 | €1,348 | €999 | -€349 | -25.9% |
| Financial charges | 65/66B | €70,271 | €77,899 | +€7,628 | +10.9% |
| Recurring financial charges | 65 | €70,271 | €77,899 | +€7,628 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €177,949 | €88,901 | -€89,048 | -50.0% |
| Income taxes | 67/77 | €47,487 | €22,225 | -€25,262 | -53.2% |
| Profit (loss) for the period | 9904 | €130,462 | €66,676 | -€63,786 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €130,462 | €66,676 | -€63,786 | -48.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.