M GILLAIN CONSTRUCT: what changed
Two fiscal 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.
M GILLAIN CONSTRUCT
Largest movements
- Cash -€87,987
down €87,987 (-81.3%), from €108,171 to €20,184
mainly Deferred charges and accrued income (-€41,761) and Accrued charges and deferred income (-€31,234)
- Receivables within one year -€45,692
down €45,692 (-76.2%), from €59,966 to €14,274
of which Trade receivables: -€55,330
- Deferred charges and accrued income +€41,761
up €41,761 (+971.9%), from €4,297 to €46,058
- Intangible fixed assets -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Tangible fixed assets +€7,896
up €7,896 (+128.8%), from €6,130 to €14,026
of which Furniture and vehicles: +€4,826
- Accrued charges and deferred income -€31,234
down €31,234 (-95.8%), from €32,590 to €1,356
- Tax, wage and social debts -€16,400
down €16,400 (-89.0%), from €18,427 to €2,027
of which Taxes: -€9,450
- Reserves -€15,695
down €15,695 (-26.4%), from €59,506 to €43,811
of which Distributable reserves: -€15,695
- Trade debts -€14,497
down €14,497 (-26.1%), from €55,515 to €41,018
- Other debts -€10,885
down €10,885 (-47.0%), from €23,138 to €12,253
- Gross operating margin -€109,164
down €109,164 (-56.6%), from €192,862 to €83,698
- Staff costs -€52,533
down €52,533 (-37.3%), from €140,873 to €88,340
- Taxes -€9,832
down €9,832, from €2,713 to -€7,119
- Depreciation +€3,029
up €3,029 (+22.4%), from €13,528 to €16,557
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 | €213,564 | €119,542 | -€94,022 | -44.0% |
| Fixed assets | 21/28 | €41,130 | €39,026 | -€2,104 | -5.1% |
| Intangible fixed assets | 21 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Tangible fixed assets | 22/27 | €6,130 | €14,026 | +€7,896 | +128.8% |
| Plant, machinery and equipment | 23 | €3,998 | €7,068 | +€3,070 | +76.8% |
| Furniture and vehicles | 24 | €2,132 | €6,958 | +€4,826 | +226.4% |
| Current assets | 29/58 | €172,434 | €80,516 | -€91,918 | -53.3% |
| Amounts receivable within one year | 40/41 | €59,966 | €14,274 | -€45,692 | -76.2% |
| Trade receivables | 40 | €55,475 | €145 | -€55,330 | -99.7% |
| Other amounts receivable | 41 | €4,491 | €14,129 | +€9,638 | +214.6% |
| Cash at bank and in hand | 54/58 | €108,171 | €20,184 | -€87,987 | -81.3% |
| Deferred charges and accrued income | 490/1 | €4,297 | €46,058 | +€41,761 | +971.9% |
| Total equity and liabilities | 10/49 | €213,564 | €119,542 | -€94,022 | -44.0% |
| Equity | 10/15 | €78,106 | €62,411 | -€15,695 | -20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,506 | €43,811 | -€15,695 | -26.4% |
| 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 | €57,646 | €41,951 | -€15,695 | -27.2% |
| Amounts payable | 17/49 | €135,458 | €57,131 | -€78,327 | -57.8% |
| Amounts payable within one year | 42/48 | €102,868 | €55,775 | -€47,093 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €5,288 | - | -€5,288 | |
| Financial debts | 43 | - | €477 | +€477 | |
| Credit institutions | 430/8 | - | €477 | +€477 | |
| Trade debts | 44 | €55,515 | €41,018 | -€14,497 | -26.1% |
| Suppliers | 440/4 | €55,515 | €41,018 | -€14,497 | -26.1% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €18,427 | €2,027 | -€16,400 | -89.0% |
| Taxes | 450/3 | €11,477 | €2,027 | -€9,450 | -82.3% |
| Remuneration and social security | 454/9 | €6,950 | - | -€6,950 | |
| Other amounts payable | 47/48 | €23,138 | €12,253 | -€10,885 | -47.0% |
| Accrued charges and deferred income | 492/3 | €32,590 | €1,356 | -€31,234 | -95.8% |
| Remuneration, social security and pensions | 62 | €140,873 | €88,340 | -€52,533 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,528 | €16,557 | +€3,029 | +22.4% |
| Other operating charges | 640/8 | €128 | €772 | +€644 | +503.1% |
| Gross operating margin | 9900 | €192,862 | €83,698 | -€109,164 | -56.6% |
| Operating profit (loss) | 9901 | €38,333 | -€21,971 | -€60,304 | |
| Financial income | 75/76B | €164 | €796 | +€632 | +385.4% |
| Recurring financial income | 75 | €164 | €796 | +€632 | +385.4% |
| Financial charges | 65/66B | €1,515 | €1,638 | +€123 | +8.1% |
| Recurring financial charges | 65 | €1,515 | €1,638 | +€123 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €36,982 | -€22,813 | -€59,795 | |
| Income taxes | 67/77 | €2,713 | -€7,119 | -€9,832 | |
| Profit (loss) for the period | 9904 | €34,269 | -€15,694 | -€49,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,269 | -€15,694 | -€49,963 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.