GYAC: what changed
Two fiscal 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.
What changed
GYAC
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€89,997
2024 · -€283,572+€193,575
Equity
€11.3m
2024 · €11.2m+€110,003
Cash
€156,642
2024 · €283,429-€126,787
Balance sheet total
€17.9m
2024 · €17.9m-€2,965
Largest movements
Assets
- Receivables within one year -€762,660
down €762,660 (-8.5%), from €9.0m to €8.2m
of which Other amounts receivable: -€918,492
- Receivables after one year +€525,648
up €525,648 (+727.5%), from €72,254 to €597,902
- Financial fixed assets +€362,800
up €362,800 (+6.1%), from €5.9m to €6.3m
Equity and liabilities
- Short-term financial debts -€375,263
down €375,263 (-93.8%), from €400,000 to €24,737
- Debts after one year +€371,106
up €371,106 (+15.5%), from €2.4m to €2.8m
- Revaluation surpluses +€200,000
up €200,000 (+7.9%), from €2.5m to €2.7m
Income statement
- Write-downs -€323,182
down €323,182 (-100.0%), from €323,182 to €0
- Financial income -€194,859
down €194,859 (-25.0%), from €778,837 to €583,978
of which Financial income: -€312,984
- Financial charges -€145,512
down €145,512 (-23.3%), from €624,164 to €478,651
of which Financial charges: -€76,769
- Gross operating margin -€85,433
down €85,433 (-169.2%), from -€50,496 to -€135,929
- Depreciation -€3,074
down €3,074 (-5.6%), from €54,566 to €51,492
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.
Result 2024
-€283,572
Gross operating margin
-€85,433
Depreciation
+€3,074
Write-downs
+€323,182
Other operating charges
+€2,258
Other operating items
-€239
Financial income
-€194,859
Financial charges
+€145,512
Taxes
+€80
Result 2025
-€89,997
Cash bridge derived
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.
From operations
+€75,708
Investment
-€398,818
Financing
+€196,324
Cash 2024
€283,429
From operations (derived)
+€75,708
Net result for the year
-€89,997
Depreciation
+€51,492
Receivables after one year
-€525,648
Receivables within one year
+€762,660
Deferred charges and accrued income
-€13,508
Provisions
-€25,606
Trade debts
+€53,437
Tax, wage and social debts
-€139,574
Other debts
+€2,459
Accrued charges and deferred income
-€9
Investment (derived)
-€398,818
Investment in fixed assets (net)
-€386,568
Current investments
-€12,250
Financing
+€196,324
Debts after one year
+€371,106
Current portion of long-term debt
+€481
Short-term financial debts
-€375,263
Contributions, distributions and other
+€200,000
Cash 2025
€156,642
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,858,319 | €17,855,354 | -€2,965 | 0.0% |
| Fixed assets | 21/28 | €5,994,529 | €6,329,605 | +€335,076 | +5.6% |
| Intangible fixed assets | 21 | €49,113 | €0 | -€49,113 | -100.0% |
| Tangible fixed assets | 22/27 | €5,215 | €26,604 | +€21,389 | +410.2% |
| Furniture and vehicles | 24 | €5,215 | €26,604 | +€21,389 | +410.2% |
| Financial fixed assets | 28 | €5,940,201 | €6,303,001 | +€362,800 | +6.1% |
| Current assets | 29/58 | €11,863,790 | €11,525,750 | -€338,041 | -2.8% |
| Amounts receivable after more than one year | 29 | €72,254 | €597,902 | +€525,648 | +727.5% |
| Other amounts receivable | 291 | €72,254 | €597,902 | +€525,648 | +727.5% |
| Amounts receivable within one year | 40/41 | €8,982,171 | €8,219,511 | -€762,660 | -8.5% |
| Trade receivables | 40 | €33,921 | €189,753 | +€155,832 | +459.4% |
| Other amounts receivable | 41 | €8,948,250 | €8,029,758 | -€918,492 | -10.3% |
| Current investments | 50/53 | €2,520,105 | €2,532,355 | +€12,250 | +0.5% |
| Cash at bank and in hand | 54/58 | €283,429 | €156,642 | -€126,787 | -44.7% |
| Deferred charges and accrued income | 490/1 | €5,831 | €19,339 | +€13,508 | +231.7% |
| Total equity and liabilities | 10/49 | €17,858,319 | €17,855,354 | -€2,965 | 0.0% |
| Equity | 10/15 | €11,212,977 | €11,322,980 | +€110,003 | +1.0% |
| Contributions | 10/11 | €63,884 | €63,884 | = | 0.0% |
| Revaluation surpluses | 12 | €2,536,114 | €2,736,114 | +€200,000 | +7.9% |
| Reserves | 13 | €45,631 | €45,631 | = | 0.0% |
| Tax-exempt reserves | 132 | €16 | €16 | = | 0.0% |
| Distributable reserves | 133 | €45,616 | €45,616 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,567,348 | €8,477,351 | -€89,997 | -1.1% |
| Provisions and deferred taxes | 16 | €3,495,734 | €3,470,129 | -€25,606 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €3,495,734 | €3,470,129 | -€25,606 | -0.7% |
| Pensions and similar obligations | 160 | €3,495,734 | €3,470,129 | -€25,606 | -0.7% |
| Amounts payable | 17/49 | €3,149,608 | €3,062,246 | -€87,362 | -2.8% |
| Amounts payable after more than one year | 17 | €2,401,246 | €2,772,352 | +€371,106 | +15.5% |
| Financial debts | 170/4 | €2,401,246 | €2,772,352 | +€371,106 | +15.5% |
| Amounts payable within one year | 42/48 | €722,790 | €264,331 | -€458,459 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €30,801 | €31,282 | +€481 | +1.6% |
| Financial debts | 43 | €400,000 | €24,737 | -€375,263 | -93.8% |
| Credit institutions | 430/8 | €400,000 | €24,737 | -€375,263 | -93.8% |
| Trade debts | 44 | €29,454 | €82,892 | +€53,437 | +181.4% |
| Suppliers | 440/4 | €29,454 | €82,892 | +€53,437 | +181.4% |
| Taxes, remuneration and social security | 45 | €139,574 | €0 | -€139,574 | -100.0% |
| Taxes | 450/3 | €139,574 | €0 | -€139,574 | -100.0% |
| Other amounts payable | 47/48 | €122,961 | €125,420 | +€2,459 | +2.0% |
| Accrued charges and deferred income | 492/3 | €25,571 | €25,562 | -€9 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,566 | €51,492 | -€3,074 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €323,182 | €0 | -€323,182 | -100.0% |
| Other operating charges | 640/8 | €8,034 | €5,775 | -€2,258 | -28.1% |
| Non-recurring operating charges | 66A | €1,771 | €2,010 | +€239 | +13.5% |
| Gross operating margin | 9900 | -€50,496 | -€135,929 | -€85,433 | -169.2% |
| Operating profit (loss) | 9901 | -€438,048 | -€195,206 | +€242,842 | +55.4% |
| Financial income | 75/76B | €778,837 | €583,978 | -€194,859 | -25.0% |
| Recurring financial income | 75 | €778,837 | €465,853 | -€312,984 | -40.2% |
| Non-recurring financial income | 76B | - | €118,125 | +€118,125 | |
| Financial charges | 65/66B | €624,164 | €478,651 | -€145,512 | -23.3% |
| Recurring financial charges | 65 | €523,885 | €447,116 | -€76,769 | -14.7% |
| Non-recurring financial charges | 66B | €100,279 | €31,536 | -€68,743 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€283,375 | -€89,879 | +€193,495 | +68.3% |
| Income taxes | 67/77 | €197 | €117 | -€80 | -40.6% |
| Profit (loss) for the period | 9904 | -€283,572 | -€89,997 | +€193,575 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,572 | -€89,997 | +€193,575 | +68.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.