GEDYNAC: 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.
GEDYNAC
Largest movements
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Tangible fixed assets +€493,245
up €493,245 (+4,257%), from €11,586 to €504,831
of which Land and buildings: +€466,798
- Receivables within one year -€170,499
down €170,499 (-100%), from €170,499 to €0
of which Other amounts receivable: -€170,186
- Cash -€11,195
down €11,195 (-20.0%), from €55,855 to €44,660
mainly Investment in fixed assets (net) (-€517,672) and Contributions, distributions and other (-€120,000)
- Profit (loss) carried forward -€188,451
down €188,451 (-28.9%), from €652,769 to €464,318
- Financial income -€434,700
down €434,700 (-98.0%), from €443,678 to €8,977
of which Non-recurring financial income: -€436,609
- Financial charges -€144,201
down €144,201 (-99.9%), from €144,298 to €97
of which Non-recurring financial charges: -€144,259
- Gross operating margin -€57,971
down €57,971, from €7,040 to -€50,931
- Depreciation +€14,008
up €14,008 (+134%), from €10,419 to €24,427
- Taxes -€3,180
down €3,180 (-90.7%), from €3,506 to €326
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 | €857,062 | €667,217 | -€189,845 | -22.2% |
| Fixed assets | 21/28 | €11,904 | €505,149 | +€493,245 | +4,144% |
| Tangible fixed assets | 22/27 | €11,586 | €504,831 | +€493,245 | +4,257% |
| Land and buildings | 22 | - | €466,798 | +€466,798 | |
| Plant, machinery and equipment | 23 | - | €35,775 | +€35,775 | |
| Furniture and vehicles | 24 | €11,586 | €2,257 | -€9,328 | -80.5% |
| Financial fixed assets | 28 | €318 | €318 | = | 0.0% |
| Current assets | 29/58 | €845,158 | €162,068 | -€683,090 | -80.8% |
| Amounts receivable after more than one year | 29 | €116,690 | €116,690 | = | 0.0% |
| Trade receivables | 290 | - | €116,690 | +€116,690 | |
| Other amounts receivable | 291 | €116,690 | - | -€116,690 | |
| Amounts receivable within one year | 40/41 | €170,499 | €0 | -€170,499 | -100% |
| Trade receivables | 40 | €312 | €0 | -€312 | -100% |
| Other amounts receivable | 41 | €170,186 | €0 | -€170,186 | -100% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €55,855 | €44,660 | -€11,195 | -20.0% |
| Deferred charges and accrued income | 490/1 | €2,115 | €718 | -€1,396 | -66.0% |
| Total equity and liabilities | 10/49 | €857,062 | €667,217 | -€189,845 | -22.2% |
| Equity | 10/15 | €854,016 | €665,565 | -€188,451 | -22.1% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €96,247 | €96,247 | = | 0.0% |
| Distributable reserves | 133 | €96,247 | €96,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | €652,769 | €464,318 | -€188,451 | -28.9% |
| Amounts payable | 17/49 | €3,046 | €1,652 | -€1,394 | -45.8% |
| Amounts payable within one year | 42/48 | €2,754 | €1,652 | -€1,103 | -40.0% |
| Trade debts | 44 | €566 | €1,326 | +€760 | +134% |
| Suppliers | 440/4 | €566 | €1,326 | +€760 | +134% |
| Taxes, remuneration and social security | 45 | €2,188 | €326 | -€1,862 | -85.1% |
| Taxes | 450/3 | €2,188 | €326 | -€1,862 | -85.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €291 | €0 | -€291 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,419 | €24,427 | +€14,008 | +134% |
| Other operating charges | 640/8 | €1,297 | €1,647 | +€350 | +27.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €7,040 | -€50,931 | -€57,971 | |
| Operating profit (loss) | 9901 | -€4,676 | -€77,005 | -€72,329 | -1,547% |
| Financial income | 75/76B | €443,678 | €8,977 | -€434,700 | -98.0% |
| Recurring financial income | 75 | €7,069 | €8,977 | +€1,909 | +27.0% |
| Non-recurring financial income | 76B | €436,609 | €0 | -€436,609 | -100% |
| Financial charges | 65/66B | €144,298 | €97 | -€144,201 | -99.9% |
| Recurring financial charges | 65 | €39 | €97 | +€58 | +148% |
| Non-recurring financial charges | 66B | €144,259 | €0 | -€144,259 | -100% |
| Profit (loss) for the period before taxes | 9903 | €294,703 | -€68,125 | -€362,828 | |
| Income taxes | 67/77 | €3,506 | €326 | -€3,180 | -90.7% |
| Profit (loss) for the period | 9904 | €291,198 | -€68,451 | -€359,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €291,198 | -€68,451 | -€359,648 |
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 15 October 2026 via checked.be.