Véronique GILSON: what changed
Véronique GILSON
Largest movements
- Cash +€14,308
up €14,308 (+36.6%), from €39,134 to €53,442
mainly Receivables within one year (+€12,033) and Other debts (+€2,759)
- Receivables within one year -€12,033
down €12,033 (-38.1%), from €31,569 to €19,536
of which Trade receivables: -€12,332
- Tangible fixed assets +€2,068
new in 2025: €2,068
- Other debts +€2,759
up €2,759 (+304%), from €908 to €3,667
- Reserves +€2,656
up €2,656 (+5.6%), from €47,309 to €49,965
of which Distributable reserves: +€2,656
- Gross operating margin -€1,831
down €1,831 (-23.1%), from €7,931 to €6,101
- Taxes -€388
down €388 (-11.7%), from €3,308 to €2,920
- Other operating charges -€364
down €364 (-32.5%), from €1,121 to €757
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,836 | €78,712 | +€4,876 | +6.6% |
| Fixed assets | 21/28 | €2,142 | €4,211 | +€2,068 | +96.6% |
| Tangible fixed assets | 22/27 | - | €2,068 | +€2,068 | |
| Furniture and vehicles | 24 | - | €2,068 | +€2,068 | |
| Financial fixed assets | 28 | €2,142 | €2,142 | = | 0.0% |
| Current assets | 29/58 | €71,694 | €74,501 | +€2,807 | +3.9% |
| Amounts receivable within one year | 40/41 | €31,569 | €19,536 | -€12,033 | -38.1% |
| Trade receivables | 40 | €13,979 | €1,647 | -€12,332 | -88.2% |
| Other amounts receivable | 41 | €17,590 | €17,889 | +€299 | +1.7% |
| Current investments | 50/53 | €991 | €991 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,134 | €53,442 | +€14,308 | +36.6% |
| Deferred charges and accrued income | 490/1 | - | €533 | +€533 | |
| Total equity and liabilities | 10/49 | €73,836 | €78,712 | +€4,876 | +6.6% |
| Equity | 10/15 | €66,267 | €68,924 | +€2,656 | +4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,309 | €49,965 | +€2,656 | +5.6% |
| Non-distributable reserves | 130/1 | €3,345 | €3,345 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,345 | €3,345 | = | 0.0% |
| Distributable reserves | 133 | €43,964 | €46,620 | +€2,656 | +6.0% |
| Profit (loss) carried forward | 14 | €366 | €366 | = | 0.0% |
| Amounts payable | 17/49 | €7,569 | €9,788 | +€2,219 | +29.3% |
| Amounts payable within one year | 42/48 | €7,569 | €9,788 | +€2,219 | +29.3% |
| Trade debts | 44 | €1,459 | €819 | -€640 | -43.8% |
| Suppliers | 440/4 | €1,459 | €819 | -€640 | -43.8% |
| Taxes, remuneration and social security | 45 | €5,202 | €5,302 | +€100 | +1.9% |
| Taxes | 450/3 | €5,202 | €5,302 | +€100 | +1.9% |
| Other amounts payable | 47/48 | €908 | €3,667 | +€2,759 | +304% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34 | €11 | -€22 | -66.2% |
| Other operating charges | 640/8 | €1,121 | €757 | -€364 | -32.5% |
| Gross operating margin | 9900 | €7,931 | €6,101 | -€1,831 | -23.1% |
| Operating profit (loss) | 9901 | €6,777 | €5,333 | -€1,445 | -21.3% |
| Financial income | 75/76B | €447 | €505 | +€58 | +13.0% |
| Recurring financial income | 75 | €447 | €505 | +€58 | +13.0% |
| Financial charges | 65/66B | €277 | €261 | -€15 | -5.5% |
| Recurring financial charges | 65 | €277 | €261 | -€15 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €6,948 | €5,577 | -€1,371 | -19.7% |
| Income taxes | 67/77 | €3,308 | €2,920 | -€388 | -11.7% |
| Profit (loss) for the period | 9904 | €3,640 | €2,656 | -€983 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,640 | €2,656 | -€983 | -27.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.