G.Y.C.: 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.
G.Y.C.
Largest movements
- Receivables within one year -€530,927
down €530,927 (-88.9%), from €596,989 to €66,062
of which Other amounts receivable: -€552,271
- Current investments +€391,704
up €391,704 (+17.4%), from €2.3m to €2.6m
- Cash -€267,406
down €267,406 (-91.2%), from €293,071 to €25,665
mainly Other debts (-€566,917) and Current investments (-€391,704)
- Receivables after one year +€68,765
up €68,765 (+2.8%), from €2.4m to €2.5m
- Other debts -€566,917
down €566,917 (-76.4%), from €742,456 to €175,538
- Reserves +€230,098
up €230,098 (+5.3%), from €4.4m to €4.6m
- Financial income +€239,339
up €239,339 (+143%), from €167,015 to €406,354
- Gross operating margin -€61,646
down €61,646 (-277%), from -€22,240 to -€83,886
- Financial charges +€32,770
up €32,770, from -€18,708 to €14,062
- Staff costs -€19,185
down €19,185 (-34.5%), from €55,647 to €36,462
- Depreciation -€5,135
down €5,135 (-29.3%), from €17,517 to €12,382
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 | €5,666,185 | €5,317,895 | -€348,291 | -6.1% |
| Fixed assets | 21/28 | €87,903 | €75,521 | -€12,382 | -14.1% |
| Intangible fixed assets | 21 | €2,789 | €0 | -€2,789 | -100% |
| Tangible fixed assets | 22/27 | €45,113 | €35,521 | -€9,592 | -21.3% |
| Furniture and vehicles | 24 | €28,267 | €21,150 | -€7,116 | -25.2% |
| Other tangible fixed assets | 26 | €16,847 | €14,371 | -€2,476 | -14.7% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €5,578,283 | €5,242,374 | -€335,909 | -6.0% |
| Amounts receivable after more than one year | 29 | €2,429,847 | €2,498,612 | +€68,765 | +2.8% |
| Other amounts receivable | 291 | €2,429,847 | €2,498,612 | +€68,765 | +2.8% |
| Amounts receivable within one year | 40/41 | €596,989 | €66,062 | -€530,927 | -88.9% |
| Trade receivables | 40 | €1,022 | €22,366 | +€21,344 | +2,088% |
| Other amounts receivable | 41 | €595,967 | €43,696 | -€552,271 | -92.7% |
| Current investments | 50/53 | €2,256,668 | €2,648,372 | +€391,704 | +17.4% |
| Cash at bank and in hand | 54/58 | €293,071 | €25,665 | -€267,406 | -91.2% |
| Deferred charges and accrued income | 490/1 | €1,707 | €3,662 | +€1,955 | +115% |
| Total equity and liabilities | 10/49 | €5,666,185 | €5,317,895 | -€348,291 | -6.1% |
| Equity | 10/15 | €4,894,608 | €5,124,706 | +€230,098 | +4.7% |
| Contributions | 10/11 | €540,400 | €540,400 | = | 0.0% |
| Reserves | 13 | €4,354,192 | €4,584,290 | +€230,098 | +5.3% |
| Distributable reserves | 133 | €4,354,192 | €4,584,290 | +€230,098 | +5.3% |
| Profit (loss) carried forward | 14 | €16 | €16 | = | 0.0% |
| Amounts payable | 17/49 | €771,578 | €193,189 | -€578,389 | -75.0% |
| Amounts payable within one year | 42/48 | €771,578 | €193,152 | -€578,425 | -75.0% |
| Financial debts | 43 | - | €4,593 | +€4,593 | |
| Credit institutions | 430/8 | - | €4,593 | +€4,593 | |
| Trade debts | 44 | €659 | €5,469 | +€4,810 | +729% |
| Suppliers | 440/4 | €659 | €5,469 | +€4,810 | +729% |
| Taxes, remuneration and social security | 45 | €28,462 | €7,551 | -€20,911 | -73.5% |
| Taxes | 450/3 | €18,251 | €1,252 | -€16,999 | -93.1% |
| Remuneration and social security | 454/9 | €10,211 | €6,299 | -€3,912 | -38.3% |
| Other amounts payable | 47/48 | €742,456 | €175,538 | -€566,917 | -76.4% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Non-recurring operating income | 76A | €1,223 | €1,616 | +€393 | +32.1% |
| Remuneration, social security and pensions | 62 | €55,647 | €36,462 | -€19,185 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,517 | €12,382 | -€5,135 | -29.3% |
| Other operating charges | 640/8 | €4,813 | €5,309 | +€496 | +10.3% |
| Gross operating margin | 9900 | -€22,240 | -€83,886 | -€61,646 | -277% |
| Operating profit (loss) | 9901 | -€100,217 | -€138,039 | -€37,822 | -37.7% |
| Financial income | 75/76B | €167,015 | €406,354 | +€239,339 | +143% |
| Recurring financial income | 75 | €167,015 | €406,354 | +€239,339 | +143% |
| Financial charges | 65/66B | -€18,708 | €14,062 | +€32,770 | |
| Recurring financial charges | 65 | -€18,708 | €14,062 | +€32,770 | |
| Profit (loss) for the period before taxes | 9903 | €85,507 | €254,253 | +€168,747 | +197% |
| Income taxes | 67/77 | €24,665 | €24,156 | -€510 | -2.1% |
| Profit (loss) for the period | 9904 | €60,842 | €230,098 | +€169,256 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €60,842 | €230,098 | +€169,256 | +278% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.