Maison Gilson - Bourtembourg: 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.
Maison Gilson - Bourtembourg
Largest movements
- Cash -€111,859
down €111,859 (-45.6%), from €245,112 to €133,253
mainly Investment in fixed assets (net) (-€141,715) and Debts after one year (-€48,648)
- Tangible fixed assets +€49,802
up €49,802 (+6.6%), from €752,150 to €801,952
of which Furniture and vehicles: +€30,915
- Receivables within one year -€19,157
down €19,157 (-19.1%), from €100,257 to €81,100
of which Trade receivables: -€18,721
- Debts after one year -€48,648
down €48,648 (-15.8%), from €308,835 to €260,186
- Trade debts -€26,645
down €26,645 (-30.5%), from €87,419 to €60,774
- Tax, wage and social debts -€14,673
down €14,673 (-54.9%), from €26,708 to €12,035
of which Taxes: -€8,477
- Reserves +€13,449
up €13,449 (+2.1%), from €634,841 to €648,291
of which Non-distributable reserves: +€13,400
- Depreciation +€25,726
up €25,726 (+38.7%), from €66,512 to €92,238
- Gross operating margin -€9,068
down €9,068 (-3.7%), from €243,744 to €234,676
- Taxes -€8,312
down €8,312 (-37.9%), from €21,950 to €13,638
- Write-downs -€3,850
down €3,850, from €141 to -€3,709
- Financial charges +€3,800
up €3,800 (+23.5%), from €16,150 to €19,950
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 | €1,172,371 | €1,088,944 | -€83,427 | -7.1% |
| Fixed assets | 21/28 | €753,365 | €802,843 | +€49,478 | +6.6% |
| Intangible fixed assets | 21 | €1,090 | €716 | -€374 | -34.3% |
| Tangible fixed assets | 22/27 | €752,150 | €801,952 | +€49,802 | +6.6% |
| Land and buildings | 22 | €604,442 | €628,445 | +€24,002 | +4.0% |
| Plant, machinery and equipment | 23 | €27,664 | €22,548 | -€5,116 | -18.5% |
| Furniture and vehicles | 24 | €120,044 | €150,959 | +€30,915 | +25.8% |
| Financial fixed assets | 28 | €125 | €175 | +€50 | +40.0% |
| Current assets | 29/58 | €419,006 | €286,101 | -€132,905 | -31.7% |
| Stocks and contracts in progress | 3 | €21,359 | €24,109 | +€2,750 | +12.9% |
| Stocks | 30/36 | €21,359 | €24,109 | +€2,750 | +12.9% |
| Amounts receivable within one year | 40/41 | €100,257 | €81,100 | -€19,157 | -19.1% |
| Trade receivables | 40 | €90,757 | €72,036 | -€18,721 | -20.6% |
| Other amounts receivable | 41 | €9,500 | €9,064 | -€436 | -4.6% |
| Cash at bank and in hand | 54/58 | €245,112 | €133,253 | -€111,859 | -45.6% |
| Deferred charges and accrued income | 490/1 | €52,278 | €47,640 | -€4,639 | -8.9% |
| Total equity and liabilities | 10/49 | €1,172,371 | €1,088,944 | -€83,427 | -7.1% |
| Equity | 10/15 | €653,433 | €666,883 | +€13,449 | +2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €634,841 | €648,291 | +€13,449 | +2.1% |
| Non-distributable reserves | 130/1 | €124,459 | €137,859 | +€13,400 | +10.8% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €122,600 | €136,000 | +€13,400 | +10.9% |
| Distributable reserves | 133 | €510,382 | €510,431 | +€49 | 0.0% |
| Amounts payable | 17/49 | €518,938 | €422,061 | -€96,877 | -18.7% |
| Amounts payable after more than one year | 17 | €308,835 | €260,186 | -€48,648 | -15.8% |
| Financial debts | 170/4 | €308,835 | €260,186 | -€48,648 | -15.8% |
| Amounts payable within one year | 42/48 | €210,103 | €161,875 | -€48,229 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €56,592 | €50,844 | -€5,748 | -10.2% |
| Financial debts | 43 | €1,965 | €1,965 | = | 0.0% |
| Credit institutions | 430/8 | €1,965 | €1,965 | = | 0.0% |
| Trade debts | 44 | €87,419 | €60,774 | -€26,645 | -30.5% |
| Suppliers | 440/4 | €87,419 | €60,774 | -€26,645 | -30.5% |
| Taxes, remuneration and social security | 45 | €26,708 | €12,035 | -€14,673 | -54.9% |
| Taxes | 450/3 | €16,021 | €7,544 | -€8,477 | -52.9% |
| Remuneration and social security | 454/9 | €10,687 | €4,492 | -€6,196 | -58.0% |
| Other amounts payable | 47/48 | €37,420 | €36,257 | -€1,163 | -3.1% |
| Remuneration, social security and pensions | 62 | €61,419 | €60,634 | -€785 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,512 | €92,238 | +€25,726 | +38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €141 | -€3,709 | -€3,850 | |
| Other operating charges | 640/8 | €8,325 | €9,115 | +€790 | +9.5% |
| Non-recurring operating charges | 66A | €148 | €1,833 | +€1,685 | +1,139% |
| Gross operating margin | 9900 | €243,744 | €234,676 | -€9,068 | -3.7% |
| Operating profit (loss) | 9901 | €107,200 | €74,565 | -€32,635 | -30.4% |
| Financial income | 75/76B | €5,605 | €7,473 | +€1,868 | +33.3% |
| Recurring financial income | 75 | €5,605 | €1,818 | -€3,786 | -67.6% |
| Non-recurring financial income | 76B | - | €5,654 | +€5,654 | |
| Financial charges | 65/66B | €16,150 | €19,950 | +€3,800 | +23.5% |
| Recurring financial charges | 65 | €16,150 | €19,950 | +€3,800 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €96,654 | €62,087 | -€34,567 | -35.8% |
| Income taxes | 67/77 | €21,950 | €13,638 | -€8,312 | -37.9% |
| Profit (loss) for the period | 9904 | €74,704 | €48,449 | -€26,255 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,704 | €48,449 | -€26,255 | -35.1% |
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 18 October 2026 via checked.be.