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Gyfi: 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

Gyfi

BE 0803.549.186
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€224,551
2024 · €158,460+€66,091
Equity
€386,010
2024 · €161,460+€224,551
Cash
€92,710
2024 · €206,416-€113,706
Balance sheet total
€499,806
2024 · €247,075+€252,730

Largest movements

2024 to 2025
Assets
  • Current investments +€247,958

    new in 2025: €247,958

  • Receivables within one year +€128,262

    up €128,262 (+58300722.7%), from €0 to €128,262

    of which Other amounts receivable: +€127,650

  • Cash -€113,706

    down €113,706 (-55.1%), from €206,416 to €92,710

    mainly Current investments (-€247,958) and Receivables within one year (-€128,262)

  • Tangible fixed assets -€9,859

    down €9,859 (-24.2%), from €40,659 to €30,800

Equity and liabilities
  • Reserves +€224,551

    up €224,551 (+141.7%), from €158,460 to €383,010

  • Tax, wage and social debts +€25,167

    up €25,167 (+37.1%), from €67,918 to €93,085

    of which Taxes: +€28,171

Income statement
  • Gross operating margin +€86,761

    up €86,761 (+40.0%), from €216,724 to €303,485

  • Taxes +€21,823

    up €21,823 (+44.6%), from €48,880 to €70,704

  • Financial income +€3,266

    up €3,266 (+9909.0%), from €33 to €3,299

From the 2024 result to the 2025 result

effect on the 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 €158,460
Gross operating margin +€86,761
Depreciation -€1,222
Other operating charges -€114
Financial income +€3,266
Financial charges -€775
Taxes -€21,823
Result 2025 €224,551

Cash bridge derived

cash 2024 to 2025

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 +€134,252
Investment -€247,958
Financing €0
Cash 2024 €206,416
Net result for the year +€224,551
Depreciation +€9,859
Receivables within one year -€128,262
Deferred charges and accrued income -€76
Trade debts +€1,293
Tax, wage and social debts +€25,167
Other debts +€1,720
Current investments -€247,958
Cash 2025 €92,710
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €247,075 €499,806 +€252,730 +102.3%
Fixed assets 21/28 €40,659 €30,800 -€9,859 -24.2%
Tangible fixed assets 22/27 €40,659 €30,800 -€9,859 -24.2%
Furniture and vehicles 24 €40,659 €30,800 -€9,859 -24.2%
Current assets 29/58 €206,416 €469,006 +€262,590 +127.2%
Amounts receivable within one year 40/41 €0 €128,262 +€128,262 +58300722.7%
Trade receivables 40 - €612 +€612
Other amounts receivable 41 €0 €127,650 +€127,650 +58022709.1%
Current investments 50/53 - €247,958 +€247,958
Cash at bank and in hand 54/58 €206,416 €92,710 -€113,706 -55.1%
Deferred charges and accrued income 490/1 - €76 +€76
Total equity and liabilities 10/49 €247,075 €499,806 +€252,730 +102.3%
Equity 10/15 €161,460 €386,010 +€224,551 +139.1%
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €158,460 €383,010 +€224,551 +141.7%
Distributable reserves 133 €158,460 €383,010 +€224,551 +141.7%
Amounts payable 17/49 €85,616 €113,795 +€28,180 +32.9%
Amounts payable within one year 42/48 €85,616 €113,795 +€28,180 +32.9%
Trade debts 44 €2,284 €3,577 +€1,293 +56.6%
Suppliers 440/4 €2,284 €3,577 +€1,293 +56.6%
Taxes, remuneration and social security 45 €67,918 €93,085 +€25,167 +37.1%
Taxes 450/3 €64,914 €93,085 +€28,171 +43.4%
Remuneration and social security 454/9 €3,004 €0 -€3,004 -100.0%
Other amounts payable 47/48 €15,413 €17,133 +€1,720 +11.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €8,637 €9,859 +€1,222 +14.2%
Other operating charges 640/8 €626 €740 +€114 +18.3%
Gross operating margin 9900 €216,724 €303,485 +€86,761 +40.0%
Operating profit (loss) 9901 €207,461 €292,885 +€85,424 +41.2%
Financial income 75/76B €33 €3,299 +€3,266 +9909.0%
Recurring financial income 75 €33 €3,299 +€3,266 +9909.0%
Financial charges 65/66B €154 €930 +€775 +502.4%
Recurring financial charges 65 €154 €930 +€775 +502.4%
Profit (loss) for the period before taxes 9903 €207,340 €295,254 +€87,914 +42.4%
Income taxes 67/77 €48,880 €70,704 +€21,823 +44.6%
Profit (loss) for the period 9904 €158,460 €224,551 +€66,091 +41.7%
Profit (loss) for the period to be appropriated 9905 €158,460 €224,551 +€66,091 +41.7%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.