Dr. K. 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.
Dr. K. Gysen
Largest movements
- Cash +€127,241
up €127,241 (+438%), from €29,071 to €156,312
mainly Net result for the year (+€96,985) and Tax, wage and social debts (+€37,426)
- Tangible fixed assets +€5,219
up €5,219 (+296%), from €1,764 to €6,983
- Reserves +€96,985
up €96,985 (+743%), from €13,058 to €110,043
- Tax, wage and social debts +€37,426
up €37,426 (+427%), from €8,770 to €46,196
of which Taxes: +€39,792
- Gross operating margin +€123,366
up €123,366 (+654%), from €18,874 to €142,239
- Taxes +€34,435
up €34,435 (+638%), from €5,399 to €39,834
- Financial charges +€2,817
new in 2025: €2,817
- Depreciation +€2,381
up €2,381 (+2,505%), from €95 to €2,476
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 | €32,292 | €165,607 | +€133,315 | +413% |
| Fixed assets | 21/28 | €3,192 | €8,411 | +€5,219 | +164% |
| Tangible fixed assets | 22/27 | €1,764 | €6,983 | +€5,219 | +296% |
| Furniture and vehicles | 24 | €1,764 | €6,983 | +€5,219 | +296% |
| Financial fixed assets | 28 | €1,428 | €1,428 | = | 0.0% |
| Current assets | 29/58 | €29,101 | €157,196 | +€128,096 | +440% |
| Cash at bank and in hand | 54/58 | €29,071 | €156,312 | +€127,241 | +438% |
| Deferred charges and accrued income | 490/1 | €30 | €884 | +€854 | +2,885% |
| Total equity and liabilities | 10/49 | €32,292 | €165,607 | +€133,315 | +413% |
| Equity | 10/15 | €18,058 | €115,043 | +€96,985 | +537% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,058 | €110,043 | +€96,985 | +743% |
| Distributable reserves | 133 | €13,058 | €110,043 | +€96,985 | +743% |
| Amounts payable | 17/49 | €14,234 | €50,564 | +€36,330 | +255% |
| Amounts payable within one year | 42/48 | €14,234 | €50,564 | +€36,330 | +255% |
| Trade debts | 44 | - | €119 | +€119 | |
| Suppliers | 440/4 | - | €119 | +€119 | |
| Taxes, remuneration and social security | 45 | €8,770 | €46,196 | +€37,426 | +427% |
| Taxes | 450/3 | €6,404 | €46,196 | +€39,792 | +621% |
| Remuneration and social security | 454/9 | €2,366 | €0 | -€2,366 | -100% |
| Other amounts payable | 47/48 | €5,464 | €4,249 | -€1,215 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €2,476 | +€2,381 | +2,505% |
| Other operating charges | 640/8 | €322 | €128 | -€194 | -60.3% |
| Gross operating margin | 9900 | €18,874 | €142,239 | +€123,366 | +654% |
| Operating profit (loss) | 9901 | €18,457 | €139,636 | +€121,179 | +657% |
| Financial charges | 65/66B | - | €2,817 | +€2,817 | |
| Recurring financial charges | 65 | - | €2,817 | +€2,817 | |
| Profit (loss) for the period before taxes | 9903 | €18,457 | €136,819 | +€118,362 | +641% |
| Income taxes | 67/77 | €5,399 | €39,834 | +€34,435 | +638% |
| Profit (loss) for the period | 9904 | €13,058 | €96,985 | +€83,927 | +643% |
| Profit (loss) for the period to be appropriated | 9905 | €13,058 | €96,985 | +€83,927 | +643% |
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 25 October 2026 via checked.be.