MAISON GILSON: 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.
What changed
MAISON GILSON
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€98,731
2024 · -€226,155+€127,424
Equity
€301,493
2024 · €400,224-€98,731
Cash
€32,065
2024 · €51,092-€19,027
Balance sheet total
€4.1m
2024 · €4.2m-€114,823
Largest movements
Assets
- Deferred charges and accrued income -€45,638
down €45,638 (-65.8%), from €69,356 to €23,718
Equity and liabilities
- Trade debts -€429,441
down €429,441 (-29.4%), from €1.5m to €1.0m
- Tax, wage and social debts +€226,872
up €226,872 (+23.7%), from €955,560 to €1.2m
of which Taxes: +€232,990
- Debts after one year +€144,410
up €144,410 (+53.3%), from €270,977 to €415,387
- Current portion of long-term debt +€123,104
up €123,104 (+88.7%), from €138,733 to €261,837
- Revaluation surpluses -€106,492
down €106,492 (-26.1%), from €407,318 to €300,827
Income statement
- Staff costs -€85,288
down €85,288 (-7.4%), from €1.1m to €1.1m
- Other operating charges +€60,472
up €60,472 (+287%), from €21,044 to €81,517
- Financial charges -€59,747
down €59,747 (-17.2%), from €346,674 to €286,927
of which Non-recurring financial charges: -€47,912
- Write-downs -€58,237
down €58,237, from €772 to -€57,465
- Depreciation +€32,086
up €32,086 (+18.5%), from €173,499 to €205,585
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.
Result 2024
-€226,155
Gross operating margin
+€15,858
Staff costs
+€85,288
Depreciation
-€32,086
Write-downs
+€58,237
Other operating charges
-€60,472
Financial income
+€1,559
Financial charges
+€59,747
Taxes
-€706
Result 2025
-€98,731
raises the resultlowers the result
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.
From operations
-€50,056
Investment
-€172,903
Financing
+€203,932
Cash 2024
€51,092
From operations (derived)
-€50,056
Net result for the year
-€98,731
Depreciation
+€205,585
Stocks and contracts
-€12,381
Receivables within one year
+€29,857
Deferred charges and accrued income
+€45,638
Trade debts
-€429,441
Tax, wage and social debts
+€226,872
Other debts
+€3,765
Accrued charges and deferred income
-€21,220
Investment (derived)
-€172,903
Investment in fixed assets (net)
-€172,903
Financing
+€203,932
Debts after one year
+€144,410
Current portion of long-term debt
+€123,104
Short-term financial debts
-€63,582
Cash 2025
€32,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,225,059 | €4,110,236 | -€114,823 | -2.7% |
| Fixed assets | 21/28 | €1,262,687 | €1,230,006 | -€32,681 | -2.6% |
| Intangible fixed assets | 21 | €145,291 | €131,887 | -€13,404 | -9.2% |
| Tangible fixed assets | 22/27 | €1,116,526 | €1,097,249 | -€19,277 | -1.7% |
| Land and buildings | 22 | €628,778 | €577,222 | -€51,556 | -8.2% |
| Plant, machinery and equipment | 23 | €39,438 | €36,666 | -€2,771 | -7.0% |
| Furniture and vehicles | 24 | €35,601 | €25,325 | -€10,276 | -28.9% |
| Leasing and similar rights | 25 | €146,412 | €220,243 | +€73,831 | +50.4% |
| Other tangible fixed assets | 26 | €235,001 | €200,235 | -€34,766 | -14.8% |
| Assets under construction and advance payments | 27 | €31,297 | €37,557 | +€6,260 | +20.0% |
| Financial fixed assets | 28 | €870 | €870 | = | 0.0% |
| Current assets | 29/58 | €2,962,372 | €2,880,230 | -€82,141 | -2.8% |
| Stocks and contracts in progress | 3 | €1,397,439 | €1,409,820 | +€12,381 | +0.9% |
| Stocks | 30/36 | €1,397,439 | €1,409,820 | +€12,381 | +0.9% |
| Amounts receivable within one year | 40/41 | €1,444,484 | €1,414,627 | -€29,857 | -2.1% |
| Trade receivables | 40 | €1,179,026 | €1,141,707 | -€37,319 | -3.2% |
| Other amounts receivable | 41 | €265,458 | €272,920 | +€7,462 | +2.8% |
| Cash at bank and in hand | 54/58 | €51,092 | €32,065 | -€19,027 | -37.2% |
| Deferred charges and accrued income | 490/1 | €69,356 | €23,718 | -€45,638 | -65.8% |
| Total equity and liabilities | 10/49 | €4,225,059 | €4,110,236 | -€114,823 | -2.7% |
| Equity | 10/15 | €400,224 | €301,493 | -€98,731 | -24.7% |
| Contributions | 10/11 | €205,600 | €205,600 | = | 0.0% |
| Capital | 10 | €205,600 | €205,600 | = | 0.0% |
| Issued capital | 100 | €205,600 | €205,600 | = | 0.0% |
| Revaluation surpluses | 12 | €407,318 | €300,827 | -€106,492 | -26.1% |
| Reserves | 13 | €10,400 | €10,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,400 | €10,400 | = | 0.0% |
| Legal reserve | 130 | €10,400 | €10,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,094 | -€215,334 | +€7,761 | +3.5% |
| Amounts payable | 17/49 | €3,824,835 | €3,808,743 | -€16,092 | -0.4% |
| Amounts payable after more than one year | 17 | €270,977 | €415,387 | +€144,410 | +53.3% |
| Financial debts | 170/4 | €270,977 | €415,387 | +€144,410 | +53.3% |
| Amounts payable within one year | 42/48 | €3,530,867 | €3,391,585 | -€139,282 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €138,733 | €261,837 | +€123,104 | +88.7% |
| Financial debts | 43 | €950,099 | €886,517 | -€63,582 | -6.7% |
| Credit institutions | 430/8 | €950,099 | €886,517 | -€63,582 | -6.7% |
| Trade debts | 44 | €1,458,533 | €1,029,092 | -€429,441 | -29.4% |
| Suppliers | 440/4 | €1,458,533 | €1,029,092 | -€429,441 | -29.4% |
| Taxes, remuneration and social security | 45 | €955,560 | €1,182,432 | +€226,872 | +23.7% |
| Taxes | 450/3 | €638,976 | €871,966 | +€232,990 | +36.5% |
| Remuneration and social security | 454/9 | €316,584 | €310,466 | -€6,118 | -1.9% |
| Other amounts payable | 47/48 | €27,941 | €31,707 | +€3,765 | +13.5% |
| Accrued charges and deferred income | 492/3 | €22,991 | €1,771 | -€21,220 | -92.3% |
| Remuneration, social security and pensions | 62 | €1,146,984 | €1,061,696 | -€85,288 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,499 | €205,585 | +€32,086 | +18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €772 | -€57,465 | -€58,237 | |
| Other operating charges | 640/8 | €21,044 | €81,517 | +€60,472 | +287% |
| Gross operating margin | 9900 | €1,463,049 | €1,478,906 | +€15,858 | +1.1% |
| Operating profit (loss) | 9901 | €120,749 | €187,574 | +€66,825 | +55.3% |
| Financial income | 75/76B | €263 | €1,822 | +€1,559 | +592% |
| Recurring financial income | 75 | €263 | €1,016 | +€752 | +286% |
| Non-recurring financial income | 76B | - | €807 | +€807 | |
| Financial charges | 65/66B | €346,674 | €286,927 | -€59,747 | -17.2% |
| Recurring financial charges | 65 | €169,092 | €157,258 | -€11,834 | -7.0% |
| Non-recurring financial charges | 66B | €177,582 | €129,670 | -€47,912 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€225,662 | -€97,531 | +€128,130 | +56.8% |
| Income taxes | 67/77 | €493 | €1,199 | +€706 | +143% |
| Profit (loss) for the period | 9904 | -€226,155 | -€98,731 | +€127,424 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€226,155 | -€98,731 | +€127,424 | +56.3% |
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 13 October 2026 via checked.be.