V. Gilot: 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.
V. Gilot
Largest movements
- Cash +€24,388
up €24,388 (+7.7%), from €314,686 to €339,074
mainly Other debts (+€150,442) and Net result for the year (+€39,781)
- Deferred charges and accrued income +€7,035
up €7,035 (+220.3%), from €3,194 to €10,229
- Other debts +€150,442
new in 2025: €150,442
- Profit (loss) carried forward -€137,209
down €137,209 (-45.8%), from €299,330 to €162,121
- Tax, wage and social debts +€22,553
up €22,553 (+161.2%), from €13,989 to €36,542
- Gross operating margin -€23,522
down €23,522 (-31.0%), from €75,811 to €52,289
- Taxes -€4,856
down €4,856 (-28.7%), from €16,911 to €12,054
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 | €318,839 | €356,229 | +€37,390 | +11.7% |
| Fixed assets | 21/28 | - | €2,875 | +€2,875 | |
| Tangible fixed assets | 22/27 | - | €2,875 | +€2,875 | |
| Land and buildings | 22 | - | €2,875 | +€2,875 | |
| Current assets | 29/58 | €318,839 | €353,354 | +€34,515 | +10.8% |
| Amounts receivable within one year | 40/41 | €959 | €4,051 | +€3,092 | +322.5% |
| Other amounts receivable | 41 | €959 | €4,051 | +€3,092 | +322.5% |
| Cash at bank and in hand | 54/58 | €314,686 | €339,074 | +€24,388 | +7.7% |
| Deferred charges and accrued income | 490/1 | €3,194 | €10,229 | +€7,035 | +220.3% |
| Total equity and liabilities | 10/49 | €318,839 | €356,229 | +€37,390 | +11.7% |
| Equity | 10/15 | €304,330 | €167,121 | -€137,209 | -45.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €299,330 | €162,121 | -€137,209 | -45.8% |
| Amounts payable | 17/49 | €14,508 | €189,108 | +€174,599 | +1203.4% |
| Amounts payable within one year | 42/48 | €14,508 | €189,108 | +€174,599 | +1203.4% |
| Trade debts | 44 | €519 | €2,124 | +€1,604 | +308.9% |
| Suppliers | 440/4 | €519 | €2,124 | +€1,604 | +308.9% |
| Taxes, remuneration and social security | 45 | €13,989 | €36,542 | +€22,553 | +161.2% |
| Taxes | 450/3 | €13,989 | €36,542 | +€22,553 | +161.2% |
| Other amounts payable | 47/48 | - | €150,442 | +€150,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €286 | +€286 | |
| Other operating charges | 640/8 | €379 | €641 | +€262 | +69.1% |
| Gross operating margin | 9900 | €75,811 | €52,289 | -€23,522 | -31.0% |
| Operating profit (loss) | 9901 | €75,432 | €51,362 | -€24,070 | -31.9% |
| Financial income | 75/76B | €134 | €521 | +€387 | +289.0% |
| Recurring financial income | 75 | €134 | €521 | +€387 | +289.0% |
| Financial charges | 65/66B | €46 | €48 | +€2 | +4.0% |
| Recurring financial charges | 65 | €46 | €48 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €75,520 | €51,835 | -€23,684 | -31.4% |
| Income taxes | 67/77 | €16,911 | €12,054 | -€4,856 | -28.7% |
| Profit (loss) for the period | 9904 | €58,609 | €39,781 | -€18,828 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,609 | €39,781 | -€18,828 | -32.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.