GYCATEC: 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.
GYCATEC
Largest movements
- Tangible fixed assets -€85,414
down €85,414 (-4.3%), from €2.0m to €1.9m
of which Other tangible fixed assets: -€91,181
- Cash -€66,526
down €66,526 (-34.5%), from €192,699 to €126,173
mainly Debts after one year (-€110,338) and Stocks and contracts (-€25,826)
- Debts after one year -€110,338
down €110,338 (-12.2%), from €901,710 to €791,371
of which Financial debts: -€60,338
- Other operating charges +€9,186
up €9,186 (+43.5%), from €21,103 to €30,289
- Financial charges -€5,459
down €5,459 (-16.0%), from €34,209 to €28,750
- Taxes -€4,800
down €4,800 (-25.7%), from €18,698 to €13,899
- Gross operating margin -€3,397
down €3,397 (-1.8%), from €185,793 to €182,396
- Financial income -€3,333
down €3,333 (-23.2%), from €14,389 to €11,057
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 | €2,981,022 | €2,859,706 | -€121,315 | -4.1% |
| Fixed assets | 21/28 | €2,326,838 | €2,246,599 | -€80,239 | -3.4% |
| Tangible fixed assets | 22/27 | €1,981,338 | €1,895,924 | -€85,414 | -4.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €988 | €6,756 | +€5,767 | +584% |
| Other tangible fixed assets | 26 | €1,980,350 | €1,889,169 | -€91,181 | -4.6% |
| Financial fixed assets | 28 | €345,500 | €350,675 | +€5,175 | +1.5% |
| Current assets | 29/58 | €654,184 | €613,107 | -€41,077 | -6.3% |
| Stocks and contracts in progress | 3 | €428,118 | €453,944 | +€25,826 | +6.0% |
| Stocks | 30/36 | €428,118 | €453,944 | +€25,826 | +6.0% |
| Amounts receivable within one year | 40/41 | €31,117 | €30,706 | -€411 | -1.3% |
| Trade receivables | 40 | €18,262 | €14,509 | -€3,753 | -20.6% |
| Other amounts receivable | 41 | €12,855 | €16,198 | +€3,342 | +26.0% |
| Cash at bank and in hand | 54/58 | €192,699 | €126,173 | -€66,526 | -34.5% |
| Deferred charges and accrued income | 490/1 | €2,249 | €2,283 | +€34 | +1.5% |
| Total equity and liabilities | 10/49 | €2,981,022 | €2,859,706 | -€121,315 | -4.1% |
| Equity | 10/15 | €1,937,945 | €1,965,490 | +€27,545 | +1.4% |
| Contributions | 10/11 | €63,100 | €63,100 | = | 0.0% |
| Capital | 10 | €63,100 | €63,100 | = | 0.0% |
| Issued capital | 100 | €63,100 | €63,100 | = | 0.0% |
| Reserves | 13 | €1,873,200 | €1,900,200 | +€27,000 | +1.4% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,823,200 | €1,850,200 | +€27,000 | +1.5% |
| Profit (loss) carried forward | 14 | €1,645 | €2,190 | +€545 | +33.1% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,038,077 | €889,216 | -€148,860 | -14.3% |
| Amounts payable after more than one year | 17 | €901,710 | €791,371 | -€110,338 | -12.2% |
| Financial debts | 170/4 | €796,910 | €736,571 | -€60,338 | -7.6% |
| Other amounts payable | 178/9 | €104,800 | €54,800 | -€50,000 | -47.7% |
| Amounts payable within one year | 42/48 | €136,367 | €97,845 | -€38,522 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €72,316 | €60,338 | -€11,978 | -16.6% |
| Trade debts | 44 | €26,380 | €15,042 | -€11,338 | -43.0% |
| Suppliers | 440/4 | €26,380 | €15,042 | -€11,338 | -43.0% |
| Taxes, remuneration and social security | 45 | €2,588 | €1,725 | -€863 | -33.3% |
| Taxes | 450/3 | €2,588 | €1,725 | -€863 | -33.3% |
| Other amounts payable | 47/48 | €35,084 | €20,739 | -€14,344 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,860 | €92,970 | +€3,110 | +3.5% |
| Other operating charges | 640/8 | €21,103 | €30,289 | +€9,186 | +43.5% |
| Gross operating margin | 9900 | €185,793 | €182,396 | -€3,397 | -1.8% |
| Operating profit (loss) | 9901 | €74,830 | €59,137 | -€15,693 | -21.0% |
| Financial income | 75/76B | €14,389 | €11,057 | -€3,333 | -23.2% |
| Recurring financial income | 75 | €14,389 | €11,057 | -€3,333 | -23.2% |
| Financial charges | 65/66B | €34,209 | €28,750 | -€5,459 | -16.0% |
| Recurring financial charges | 65 | €34,209 | €28,750 | -€5,459 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €55,010 | €41,443 | -€13,567 | -24.7% |
| Income taxes | 67/77 | €18,698 | €13,899 | -€4,800 | -25.7% |
| Profit (loss) for the period | 9904 | €36,312 | €27,545 | -€8,767 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,312 | €27,545 | -€8,767 | -24.1% |
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 24 October 2026 via checked.be.