K.GILIS: 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.
K.GILIS
Largest movements
- Current investments +€450,000
new in 2025: €450,000
- Cash -€334,094
down €334,094 (-55.7%), from €599,549 to €265,456
mainly Current investments (-€450,000) and Accrued charges and deferred income (-€84,823)
- Receivables within one year -€62,441
down €62,441 (-78.1%), from €79,921 to €17,480
of which Trade receivables: -€55,092
- Tangible fixed assets -€25,887
down €25,887 (-31.7%), from €81,775 to €55,888
of which Furniture and vehicles: -€20,911
- Reserves +€95,711
up €95,711 (+15.7%), from €610,996 to €706,707
- Accrued charges and deferred income -€84,823
down €84,823 (-57.9%), from €146,612 to €61,790
- Tax, wage and social debts +€15,286
up €15,286 (+344.1%), from €4,442 to €19,728
- Gross operating margin +€60,298
up €60,298 (+29.0%), from €207,650 to €267,949
- Taxes +€20,209
up €20,209 (+36.3%), from €55,687 to €75,897
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.
Cash bridge derived
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 | €862,612 | €884,036 | +€21,424 | +2.5% |
| Fixed assets | 21/28 | €86,775 | €60,888 | -€25,887 | -29.8% |
| Tangible fixed assets | 22/27 | €81,775 | €55,888 | -€25,887 | -31.7% |
| Land and buildings | 22 | €6,711 | €5,727 | -€984 | -14.7% |
| Plant, machinery and equipment | 23 | €10,226 | €6,234 | -€3,992 | -39.0% |
| Furniture and vehicles | 24 | €64,839 | €43,928 | -€20,911 | -32.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €775,837 | €823,148 | +€47,311 | +6.1% |
| Amounts receivable after more than one year | 29 | €91,632 | €86,166 | -€5,466 | -6.0% |
| Other amounts receivable | 291 | €91,632 | €86,166 | -€5,466 | -6.0% |
| Amounts receivable within one year | 40/41 | €79,921 | €17,480 | -€62,441 | -78.1% |
| Trade receivables | 40 | €72,572 | €17,480 | -€55,092 | -75.9% |
| Other amounts receivable | 41 | €7,349 | - | -€7,349 | |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €599,549 | €265,456 | -€334,094 | -55.7% |
| Deferred charges and accrued income | 490/1 | €4,734 | €4,046 | -€688 | -14.5% |
| Total equity and liabilities | 10/49 | €862,612 | €884,036 | +€21,424 | +2.5% |
| Equity | 10/15 | €679,982 | €775,693 | +€95,711 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €610,996 | €706,707 | +€95,711 | +15.7% |
| Distributable reserves | 133 | €610,996 | €706,707 | +€95,711 | +15.7% |
| Profit (loss) carried forward | 14 | €62,786 | €62,786 | = | 0.0% |
| Amounts payable | 17/49 | €182,630 | €108,343 | -€74,287 | -40.7% |
| Amounts payable within one year | 42/48 | €36,018 | €46,553 | +€10,535 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €833 | €833 | = | 0.0% |
| Trade debts | 44 | €15,047 | €11,694 | -€3,353 | -22.3% |
| Suppliers | 440/4 | €15,047 | €11,694 | -€3,353 | -22.3% |
| Taxes, remuneration and social security | 45 | €4,442 | €19,728 | +€15,286 | +344.1% |
| Taxes | 450/3 | €4,442 | €19,728 | +€15,286 | +344.1% |
| Other amounts payable | 47/48 | €15,695 | €14,298 | -€1,397 | -8.9% |
| Accrued charges and deferred income | 492/3 | €146,612 | €61,790 | -€84,823 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,901 | €25,887 | -€1,013 | -3.8% |
| Other operating charges | 640/8 | €915 | €889 | -€26 | -2.8% |
| Gross operating margin | 9900 | €207,650 | €267,949 | +€60,298 | +29.0% |
| Operating profit (loss) | 9901 | €179,835 | €241,173 | +€61,338 | +34.1% |
| Financial income | 75/76B | €5,930 | €8,605 | +€2,675 | +45.1% |
| Recurring financial income | 75 | €5,930 | €8,605 | +€2,675 | +45.1% |
| Financial charges | 65/66B | €1,520 | €1,543 | +€22 | +1.5% |
| Recurring financial charges | 65 | €1,520 | €1,543 | +€22 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €184,244 | €248,235 | +€63,990 | +34.7% |
| Income taxes | 67/77 | €55,687 | €75,897 | +€20,209 | +36.3% |
| Profit (loss) for the period | 9904 | €128,557 | €172,338 | +€43,781 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,557 | €172,338 | +€43,781 | +34.1% |
Source: filed annual accounts (NBB), financial years ended 15 December 2024 and 15 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.