Van Gilse: 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.
Van Gilse
Largest movements
- Receivables within one year -€63,650
down €63,650 (-72.0%), from €88,413 to €24,763
of which Other amounts receivable: -€59,141
- Cash +€4,248
up €4,248 (+3.1%), from €138,835 to €143,084
mainly Receivables within one year (+€63,650) and Net result for the year (+€32,753)
- Other debts -€90,000
no longer reported in 2025 (was €90,000)
- Reserves +€30,000
up €30,000 (+1,613%), from €1,860 to €31,860
- Staff costs +€48,220
up €48,220 (+57.4%), from €84,062 to €132,281
- Gross operating margin +€33,265
up €33,265 (+20.7%), from €160,598 to €193,863
- Taxes -€3,102
down €3,102 (-16.4%), from €18,933 to €15,832
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 | €290,975 | €231,523 | -€59,452 | -20.4% |
| Fixed assets | 21/28 | €63,276 | €62,271 | -€1,005 | -1.6% |
| Tangible fixed assets | 22/27 | €30,606 | €29,601 | -€1,005 | -3.3% |
| Plant, machinery and equipment | 23 | €9,323 | €17,597 | +€8,274 | +88.7% |
| Furniture and vehicles | 24 | €18,650 | €11,802 | -€6,848 | -36.7% |
| Other tangible fixed assets | 26 | €2,633 | €203 | -€2,430 | -92.3% |
| Financial fixed assets | 28 | €32,670 | €32,670 | = | 0.0% |
| Current assets | 29/58 | €227,698 | €169,251 | -€58,447 | -25.7% |
| Stocks and contracts in progress | 3 | €450 | €1,405 | +€955 | +212% |
| Stocks | 30/36 | €450 | €1,405 | +€955 | +212% |
| Amounts receivable within one year | 40/41 | €88,413 | €24,763 | -€63,650 | -72.0% |
| Trade receivables | 40 | €21,524 | €17,015 | -€4,509 | -20.9% |
| Other amounts receivable | 41 | €66,889 | €7,748 | -€59,141 | -88.4% |
| Cash at bank and in hand | 54/58 | €138,835 | €143,084 | +€4,248 | +3.1% |
| Total equity and liabilities | 10/49 | €290,975 | €231,523 | -€59,452 | -20.4% |
| Equity | 10/15 | €119,715 | €152,467 | +€32,753 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €31,860 | +€30,000 | +1,613% |
| Distributable reserves | 133 | €1,860 | €31,860 | +€30,000 | +1,613% |
| Profit (loss) carried forward | 14 | €99,255 | €102,007 | +€2,753 | +2.8% |
| Amounts payable | 17/49 | €171,260 | €79,055 | -€92,205 | -53.8% |
| Amounts payable within one year | 42/48 | €171,260 | €79,055 | -€92,205 | -53.8% |
| Trade debts | 44 | €36,645 | €36,808 | +€163 | +0.4% |
| Suppliers | 440/4 | €36,645 | €36,808 | +€163 | +0.4% |
| Taxes, remuneration and social security | 45 | €44,615 | €42,247 | -€2,368 | -5.3% |
| Taxes | 450/3 | €26,001 | €24,310 | -€1,691 | -6.5% |
| Remuneration and social security | 454/9 | €18,614 | €17,937 | -€677 | -3.6% |
| Other amounts payable | 47/48 | €90,000 | - | -€90,000 | |
| Remuneration, social security and pensions | 62 | €84,062 | €132,281 | +€48,220 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,720 | €12,416 | +€696 | +5.9% |
| Other operating charges | 640/8 | €2,760 | €2,389 | -€372 | -13.5% |
| Gross operating margin | 9900 | €160,598 | €193,863 | +€33,265 | +20.7% |
| Operating profit (loss) | 9901 | €62,056 | €46,778 | -€15,279 | -24.6% |
| Financial income | 75/76B | €2,808 | €2,722 | -€86 | -3.1% |
| Recurring financial income | 75 | €2,808 | €2,722 | -€86 | -3.1% |
| Financial charges | 65/66B | €1,822 | €915 | -€907 | -49.8% |
| Recurring financial charges | 65 | €1,822 | €915 | -€907 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €63,042 | €48,584 | -€14,458 | -22.9% |
| Income taxes | 67/77 | €18,933 | €15,832 | -€3,102 | -16.4% |
| Profit (loss) for the period | 9904 | €44,109 | €32,753 | -€11,356 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,109 | €32,753 | -€11,356 | -25.7% |
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 24 October 2026 via checked.be.