HENRY GILLET: what changed
HENRY GILLET
Largest movements
- Cash -€74,012
down €74,012 (-34.7%), from €213,098 to €139,086
mainly Other debts (-€49,790) and Stocks and contracts (-€12,641)
- Stocks and contracts +€12,641
up €12,641 (+40.8%), from €31,011 to €43,652
- Receivables within one year +€9,035
up €9,035 (+31.4%), from €28,813 to €37,848
of which Trade receivables: +€19,192
- Other debts -€49,790
down €49,790 (-31.8%), from €156,389 to €106,599
- Trade debts -€5,285
down €5,285 (-82.5%), from €6,406 to €1,120
- Reserves +€4,200
up €4,200 (+4.1%), from €103,620 to €107,820
of which Distributable reserves: +€4,200
- Gross operating margin +€2,438
up €2,438 (+51.9%), from €4,695 to €7,134
- Taxes +€701
up €701 (+44.1%), from €1,588 to €2,289
- Other operating charges +€160
up €160 (+33.6%), from €478 to €638
- Financial income -€104
down €104 (-63.3%), from €165 to €61
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 | €279,909 | €227,601 | -€52,308 | -18.7% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €279,909 | €227,601 | -€52,308 | -18.7% |
| Stocks and contracts in progress | 3 | €31,011 | €43,652 | +€12,641 | +40.8% |
| Stocks | 30/36 | €31,011 | €43,652 | +€12,641 | +40.8% |
| Amounts receivable within one year | 40/41 | €28,813 | €37,848 | +€9,035 | +31.4% |
| Trade receivables | 40 | €10,006 | €29,198 | +€19,192 | +192% |
| Other amounts receivable | 41 | €18,807 | €8,649 | -€10,157 | -54.0% |
| Current investments | 50/53 | €6,370 | €6,370 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €213,098 | €139,086 | -€74,012 | -34.7% |
| Deferred charges and accrued income | 490/1 | €617 | €646 | +€29 | +4.7% |
| Total equity and liabilities | 10/49 | €279,909 | €227,601 | -€52,308 | -18.7% |
| Equity | 10/15 | €112,979 | €117,204 | +€4,225 | +3.7% |
| Contributions | 10/11 | €8,800 | €8,800 | = | 0.0% |
| Reserves | 13 | €103,620 | €107,820 | +€4,200 | +4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,760 | €105,960 | +€4,200 | +4.1% |
| Profit (loss) carried forward | 14 | €559 | €584 | +€25 | +4.5% |
| Amounts payable | 17/49 | €166,930 | €110,398 | -€56,533 | -33.9% |
| Amounts payable within one year | 42/48 | €166,888 | €110,356 | -€56,533 | -33.9% |
| Trade debts | 44 | €6,406 | €1,120 | -€5,285 | -82.5% |
| Suppliers | 440/4 | €6,406 | €1,120 | -€5,285 | -82.5% |
| Taxes, remuneration and social security | 45 | €4,094 | €2,636 | -€1,458 | -35.6% |
| Taxes | 450/3 | €4,094 | €2,636 | -€1,458 | -35.6% |
| Other amounts payable | 47/48 | €156,389 | €106,599 | -€49,790 | -31.8% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Other operating charges | 640/8 | €478 | €638 | +€160 | +33.6% |
| Gross operating margin | 9900 | €4,695 | €7,134 | +€2,438 | +51.9% |
| Operating profit (loss) | 9901 | €4,217 | €6,495 | +€2,278 | +54.0% |
| Financial income | 75/76B | €165 | €61 | -€104 | -63.3% |
| Recurring financial income | 75 | €165 | €61 | -€104 | -63.3% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,340 | €6,514 | +€2,174 | +50.1% |
| Income taxes | 67/77 | €1,588 | €2,289 | +€701 | +44.1% |
| Profit (loss) for the period | 9904 | €2,752 | €4,225 | +€1,473 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,752 | €4,225 | +€1,473 | +53.5% |
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 3 November 2026 via checked.be.