A.M. Gysen: 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.
A.M. Gysen
Largest movements
- Cash -€65,787
down €65,787 (-95.4%), from €68,993 to €3,206
mainly Other debts (-€66,765) and Tax, wage and social debts (-€15,879)
- Receivables within one year -€7,797
down €7,797 (-28.8%), from €27,028 to €19,231
of which Trade receivables: -€3,998
- Tangible fixed assets -€1,026
down €1,026 (-33.2%), from €3,090 to €2,065
of which Plant, machinery and equipment: -€660
- Other debts -€66,765
no longer reported in 2025 (was €66,765)
- Tax, wage and social debts -€15,879
no longer reported in 2025 (was €15,879)
of which Taxes: -€14,364
- Reserves +€7,922
up €7,922 (+52.7%), from €15,036 to €22,958
- Gross operating margin -€21,001
down €21,001 (-56.7%), from €37,031 to €16,030
- Taxes -€6,537
down €6,537 (-67.2%), from €9,725 to €3,188
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 | €102,080 | €27,050 | -€75,030 | -73.5% |
| Fixed assets | 21/28 | €3,090 | €2,065 | -€1,026 | -33.2% |
| Tangible fixed assets | 22/27 | €3,090 | €2,065 | -€1,026 | -33.2% |
| Plant, machinery and equipment | 23 | €1,885 | €1,225 | -€660 | -35.0% |
| Furniture and vehicles | 24 | €1,205 | €839 | -€366 | -30.4% |
| Current assets | 29/58 | €98,990 | €24,986 | -€74,004 | -74.8% |
| Amounts receivable within one year | 40/41 | €27,028 | €19,231 | -€7,797 | -28.8% |
| Trade receivables | 40 | €11,104 | €7,105 | -€3,998 | -36.0% |
| Other amounts receivable | 41 | €15,924 | €12,126 | -€3,798 | -23.9% |
| Cash at bank and in hand | 54/58 | €68,993 | €3,206 | -€65,787 | -95.4% |
| Deferred charges and accrued income | 490/1 | €2,969 | €2,548 | -€421 | -14.2% |
| Total equity and liabilities | 10/49 | €102,080 | €27,050 | -€75,030 | -73.5% |
| Equity | 10/15 | €18,636 | €26,558 | +€7,922 | +42.5% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €15,036 | €22,958 | +€7,922 | +52.7% |
| Distributable reserves | 133 | €15,036 | €22,958 | +€7,922 | +52.7% |
| Amounts payable | 17/49 | €83,444 | €492 | -€82,952 | -99.4% |
| Amounts payable within one year | 42/48 | €83,444 | €492 | -€82,952 | -99.4% |
| Trade debts | 44 | €799 | €492 | -€307 | -38.4% |
| Suppliers | 440/4 | €799 | €492 | -€307 | -38.4% |
| Taxes, remuneration and social security | 45 | €15,879 | - | -€15,879 | |
| Taxes | 450/3 | €14,364 | - | -€14,364 | |
| Remuneration and social security | 454/9 | €1,516 | - | -€1,516 | |
| Other amounts payable | 47/48 | €66,765 | - | -€66,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €751 | €1,026 | +€274 | +36.5% |
| Other operating charges | 640/8 | €1,801 | €2,068 | +€267 | +14.8% |
| Gross operating margin | 9900 | €37,031 | €16,030 | -€21,001 | -56.7% |
| Operating profit (loss) | 9901 | €34,479 | €12,936 | -€21,543 | -62.5% |
| Financial income | 75/76B | €826 | €850 | +€25 | +3.0% |
| Recurring financial income | 75 | €826 | €850 | +€25 | +3.0% |
| Financial charges | 65/66B | €2,700 | €2,676 | -€23 | -0.9% |
| Recurring financial charges | 65 | €2,700 | €2,676 | -€23 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €32,605 | €11,110 | -€21,495 | -65.9% |
| Income taxes | 67/77 | €9,725 | €3,188 | -€6,537 | -67.2% |
| Profit (loss) for the period | 9904 | €22,880 | €7,922 | -€14,958 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,880 | €7,922 | -€14,958 | -65.4% |
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 30 October 2026 via checked.be.