GYA: 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.
GYA
Largest movements
- Stocks and contracts -€325,382
down €325,382 (-100%), from €325,382 to €0
- Cash -€83,444
down €83,444 (-27.9%), from €299,474 to €216,030
mainly Trade debts (-€155,557) and Short-term financial debts (-€125,000)
- Tangible fixed assets -€7,364
down €7,364 (-74.9%), from €9,831 to €2,467
of which Plant, machinery and equipment: -€4,404
- Trade debts -€155,557
down €155,557 (-98.5%), from €157,910 to €2,353
- Short-term financial debts -€125,000
down €125,000 (-100%), from €125,000 to €0
- Tax, wage and social debts -€123,303
down €123,303 (-99.6%), from €123,848 to €545
of which Taxes: -€68,550
- Reserves -€52,905
down €52,905 (-73.6%), from €71,899 to €18,994
of which Distributable reserves: -€52,905
- Other debts +€46,970
up €46,970 (+50.6%), from €92,859 to €139,828
- Staff costs -€140,711
down €140,711 (-52.7%), from €267,216 to €126,505
- Gross operating margin -€76,870
down €76,870 (-34.6%), from €222,075 to €145,206
- Financial charges -€9,827
down €9,827 (-63.9%), from €15,378 to €5,551
- Write-downs -€2,885
down €2,885 (-1,547%), from -€186 to -€3,071
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 | €643,008 | €225,721 | -€417,287 | -64.9% |
| Fixed assets | 21/28 | €9,831 | €2,467 | -€7,364 | -74.9% |
| Tangible fixed assets | 22/27 | €9,831 | €2,467 | -€7,364 | -74.9% |
| Plant, machinery and equipment | 23 | €4,404 | €0 | -€4,404 | -100% |
| Furniture and vehicles | 24 | €5,427 | €2,467 | -€2,960 | -54.5% |
| Current assets | 29/58 | €633,177 | €223,254 | -€409,923 | -64.7% |
| Stocks and contracts in progress | 3 | €325,382 | €0 | -€325,382 | -100% |
| Stocks | 30/36 | €325,382 | €0 | -€325,382 | -100% |
| Amounts receivable within one year | 40/41 | €6,475 | €6,442 | -€32 | -0.5% |
| Trade receivables | 40 | €6,475 | €0 | -€6,475 | -100% |
| Other amounts receivable | 41 | €0 | €6,442 | +€6,442 | |
| Cash at bank and in hand | 54/58 | €299,474 | €216,030 | -€83,444 | -27.9% |
| Deferred charges and accrued income | 490/1 | €1,846 | €782 | -€1,064 | -57.7% |
| Total equity and liabilities | 10/49 | €643,008 | €225,721 | -€417,287 | -64.9% |
| Equity | 10/15 | €135,899 | €82,994 | -€52,905 | -38.9% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €71,899 | €18,994 | -€52,905 | -73.6% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €65,499 | €12,594 | -€52,905 | -80.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €507,109 | €142,727 | -€364,382 | -71.9% |
| Amounts payable within one year | 42/48 | €499,617 | €142,727 | -€356,890 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100% |
| Trade debts | 44 | €157,910 | €2,353 | -€155,557 | -98.5% |
| Suppliers | 440/4 | €157,910 | €2,353 | -€155,557 | -98.5% |
| Taxes, remuneration and social security | 45 | €123,848 | €545 | -€123,303 | -99.6% |
| Taxes | 450/3 | €69,095 | €545 | -€68,550 | -99.2% |
| Remuneration and social security | 454/9 | €54,753 | €0 | -€54,753 | -100% |
| Other amounts payable | 47/48 | €92,859 | €139,828 | +€46,970 | +50.6% |
| Accrued charges and deferred income | 492/3 | €7,492 | €0 | -€7,492 | -100% |
| Non-recurring operating income | 76A | €920 | €0 | -€920 | -100% |
| Remuneration, social security and pensions | 62 | €267,216 | €126,505 | -€140,711 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,746 | €2,960 | -€1,786 | -37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€186 | -€3,071 | -€2,885 | -1,547% |
| Other operating charges | 640/8 | €1,821 | €1,339 | -€483 | -26.5% |
| Non-recurring operating charges | 66A | - | €464 | +€464 | |
| Gross operating margin | 9900 | €222,075 | €145,206 | -€76,870 | -34.6% |
| Operating profit (loss) | 9901 | -€51,521 | €17,009 | +€68,530 | |
| Financial income | 75/76B | €452 | €637 | +€184 | +40.7% |
| Recurring financial income | 75 | €452 | €637 | +€184 | +40.7% |
| Financial charges | 65/66B | €15,378 | €5,551 | -€9,827 | -63.9% |
| Recurring financial charges | 65 | €15,378 | €5,551 | -€9,827 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€66,446 | €12,095 | +€78,542 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€66,446 | €12,095 | +€78,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,446 | €12,095 | +€78,542 |
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 17 October 2026 via checked.be.