Gycon: 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.
Gycon
Largest movements
- Cash -€6,339
down €6,339 (-47.3%), from €13,400 to €7,061
mainly Contributions, distributions and other (-€27,000) and Investment in fixed assets (net) (-€5,000)
- Receivables within one year -€5,766
down €5,766 (-22.9%), from €25,167 to €19,401
of which Trade receivables: -€5,445
- Deferred charges and accrued income -€4,542
down €4,542 (-37.3%), from €12,166 to €7,624
- Tangible fixed assets +€2,207
up €2,207 (+48.3%), from €4,574 to €6,781
of which Other tangible fixed assets: +€2,444
- Reserves -€14,728
down €14,728 (-58.7%), from €25,091 to €10,363
- Tax, wage and social debts +€2,288
up €2,288 (+24.9%), from €9,170 to €11,458
- Trade debts -€1,159
down €1,159 (-40.9%), from €2,832 to €1,673
- Other debts -€840
down €840 (-6.2%), from €13,613 to €12,773
- Gross operating margin -€3,506
down €3,506 (-13.2%), from €26,520 to €23,014
- Taxes -€621
down €621 (-10.7%), from €5,825 to €5,203
- Other operating charges +€396
up €396 (+50.5%), from €785 to €1,181
- Financial charges -€296
down €296 (-15.9%), from €1,861 to €1,565
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,307 | €40,867 | -€14,440 | -26.1% |
| Fixed assets | 21/28 | €4,574 | €6,781 | +€2,207 | +48.3% |
| Tangible fixed assets | 22/27 | €4,574 | €6,781 | +€2,207 | +48.3% |
| Furniture and vehicles | 24 | €237 | - | -€237 | |
| Other tangible fixed assets | 26 | €4,337 | €6,781 | +€2,444 | +56.3% |
| Current assets | 29/58 | €50,733 | €34,086 | -€16,647 | -32.8% |
| Amounts receivable within one year | 40/41 | €25,167 | €19,401 | -€5,766 | -22.9% |
| Trade receivables | 40 | €22,990 | €17,545 | -€5,445 | -23.7% |
| Other amounts receivable | 41 | €2,177 | €1,856 | -€321 | -14.8% |
| Cash at bank and in hand | 54/58 | €13,400 | €7,061 | -€6,339 | -47.3% |
| Deferred charges and accrued income | 490/1 | €12,166 | €7,624 | -€4,542 | -37.3% |
| Total equity and liabilities | 10/49 | €55,307 | €40,867 | -€14,440 | -26.1% |
| Equity | 10/15 | €29,691 | €14,963 | -€14,728 | -49.6% |
| Contributions | 10/11 | €4,600 | €4,600 | = | 0.0% |
| Reserves | 13 | €25,091 | €10,363 | -€14,728 | -58.7% |
| Distributable reserves | 133 | €25,091 | €10,363 | -€14,728 | -58.7% |
| Amounts payable | 17/49 | €25,616 | €25,904 | +€288 | +1.1% |
| Amounts payable within one year | 42/48 | €25,616 | €25,904 | +€288 | +1.1% |
| Trade debts | 44 | €2,832 | €1,673 | -€1,159 | -40.9% |
| Suppliers | 440/4 | €2,832 | €1,673 | -€1,159 | -40.9% |
| Taxes, remuneration and social security | 45 | €9,170 | €11,458 | +€2,288 | +24.9% |
| Taxes | 450/3 | €9,170 | €11,458 | +€2,288 | +24.9% |
| Other amounts payable | 47/48 | €13,613 | €12,773 | -€840 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,605 | €2,793 | +€188 | +7.2% |
| Other operating charges | 640/8 | €785 | €1,181 | +€396 | +50.5% |
| Gross operating margin | 9900 | €26,520 | €23,014 | -€3,506 | -13.2% |
| Operating profit (loss) | 9901 | €23,130 | €19,040 | -€4,090 | -17.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,861 | €1,565 | -€296 | -15.9% |
| Recurring financial charges | 65 | €1,861 | €1,565 | -€296 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €21,270 | €17,475 | -€3,794 | -17.8% |
| Income taxes | 67/77 | €5,825 | €5,203 | -€621 | -10.7% |
| Profit (loss) for the period | 9904 | €15,445 | €12,272 | -€3,173 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,445 | €12,272 | -€3,173 | -20.5% |
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 8 October 2026 via checked.be.