LOIC GILLAIN: 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.
LOIC GILLAIN
Largest movements
- Tangible fixed assets -€2,413
down €2,413 (-34.4%), from €7,007 to €4,594
- Cash -€1,815
down €1,815 (-72.9%), from €2,488 to €673
mainly Net result for the year (-€4,330) and Other debts (-€669)
- Deferred charges and accrued income -€223
no longer reported in 2025 (was €223)
- Receivables within one year -€179
down €179 (-9.2%), from €1,942 to €1,763
of which Trade receivables: -€312
- Profit (loss) carried forward -€4,330
down €4,330, from €3,343 to -€987
- Other debts -€669
down €669 (-16.9%), from €3,970 to €3,301
- Trade debts +€369
up €369 (+136%), from €272 to €642
- Gross operating margin +€4,020
up €4,020 (+72.5%), from -€5,545 to -€1,525
- Depreciation +€399
up €399 (+19.8%), from €2,013 to €2,413
- Other operating charges -€153
down €153 (-41.8%), from €367 to €214
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 | €11,660 | €7,031 | -€4,630 | -39.7% |
| Fixed assets | 21/28 | €7,007 | €4,594 | -€2,413 | -34.4% |
| Tangible fixed assets | 22/27 | €7,007 | €4,594 | -€2,413 | -34.4% |
| Furniture and vehicles | 24 | €7,007 | €4,594 | -€2,413 | -34.4% |
| Current assets | 29/58 | €4,653 | €2,436 | -€2,217 | -47.6% |
| Amounts receivable within one year | 40/41 | €1,942 | €1,763 | -€179 | -9.2% |
| Trade receivables | 40 | €1,887 | €1,575 | -€312 | -16.5% |
| Other amounts receivable | 41 | €55 | €188 | +€133 | +240% |
| Cash at bank and in hand | 54/58 | €2,488 | €673 | -€1,815 | -72.9% |
| Deferred charges and accrued income | 490/1 | €223 | - | -€223 | |
| Total equity and liabilities | 10/49 | €11,660 | €7,031 | -€4,630 | -39.7% |
| Equity | 10/15 | €5,843 | €1,513 | -€4,330 | -74.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,343 | -€987 | -€4,330 | |
| Amounts payable | 17/49 | €5,817 | €5,517 | -€300 | -5.2% |
| Amounts payable within one year | 42/48 | €5,817 | €5,517 | -€300 | -5.2% |
| Trade debts | 44 | €272 | €642 | +€369 | +136% |
| Suppliers | 440/4 | €272 | €642 | +€369 | +136% |
| Advances received on contracts in progress | 46 | €1,575 | €1,575 | = | 0.0% |
| Other amounts payable | 47/48 | €3,970 | €3,301 | -€669 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €2,413 | +€399 | +19.8% |
| Other operating charges | 640/8 | €367 | €214 | -€153 | -41.8% |
| Gross operating margin | 9900 | -€5,545 | -€1,525 | +€4,020 | +72.5% |
| Operating profit (loss) | 9901 | -€7,925 | -€4,152 | +€3,773 | +47.6% |
| Financial charges | 65/66B | €139 | €178 | +€40 | +28.6% |
| Recurring financial charges | 65 | €139 | €178 | +€40 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,064 | -€4,330 | +€3,734 | +46.3% |
| Profit (loss) for the period | 9904 | -€8,064 | -€4,330 | +€3,734 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,064 | -€4,330 | +€3,734 | +46.3% |
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 23 October 2026 via checked.be.