Gyles: 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.
Gyles
Largest movements
- Tangible fixed assets -€99,340
down €99,340 (-100.0%), from €99,340 to €0
- Intangible fixed assets +€93,279
new in 2025: €93,279
- Cash -€14,991
down €14,991 (-87.4%), from €17,153 to €2,162
mainly Net result for the year (-€88,134) and Investment in fixed assets (net) (-€4,123)
- Receivables within one year -€3,334
down €3,334 (-41.4%), from €8,058 to €4,724
of which Other amounts receivable: -€3,433
- Deferred charges and accrued income +€1,793
up €1,793 (+179.4%), from €1,000 to €2,792
- Profit (loss) carried forward -€88,134
down €88,134 (-146.6%), from -€60,127 to -€148,261
- Debts after one year +€61,951
up €61,951 (+34.5%), from €179,500 to €241,451
of which Other amounts payable: +€61,951
- Trade debts +€3,590
up €3,590 (+2022.3%), from €178 to €3,767
- Gross operating margin -€72,408
down €72,408 (-2329.4%), from -€3,108 to -€75,516
- Depreciation +€10,184
new in 2025: €10,184
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 | €125,550 | €102,957 | -€22,594 | -18.0% |
| Fixed assets | 21/28 | €99,340 | €93,279 | -€6,061 | -6.1% |
| Intangible fixed assets | 21 | - | €93,279 | +€93,279 | |
| Tangible fixed assets | 22/27 | €99,340 | €0 | -€99,340 | -100.0% |
| Assets under construction and advance payments | 27 | €99,340 | €0 | -€99,340 | -100.0% |
| Current assets | 29/58 | €26,210 | €9,678 | -€16,533 | -63.1% |
| Amounts receivable within one year | 40/41 | €8,058 | €4,724 | -€3,334 | -41.4% |
| Trade receivables | 40 | - | €98 | +€98 | |
| Other amounts receivable | 41 | €8,058 | €4,625 | -€3,433 | -42.6% |
| Cash at bank and in hand | 54/58 | €17,153 | €2,162 | -€14,991 | -87.4% |
| Deferred charges and accrued income | 490/1 | €1,000 | €2,792 | +€1,793 | +179.4% |
| Total equity and liabilities | 10/49 | €125,550 | €102,957 | -€22,594 | -18.0% |
| Equity | 10/15 | -€54,127 | -€142,261 | -€88,134 | -162.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,127 | -€148,261 | -€88,134 | -146.6% |
| Amounts payable | 17/49 | €179,678 | €245,218 | +€65,540 | +36.5% |
| Amounts payable after more than one year | 17 | €179,500 | €241,451 | +€61,951 | +34.5% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €119,500 | €181,451 | +€61,951 | +51.8% |
| Amounts payable within one year | 42/48 | €178 | €3,767 | +€3,590 | +2022.3% |
| Trade debts | 44 | €178 | €3,767 | +€3,590 | +2022.3% |
| Suppliers | 440/4 | €178 | €3,767 | +€3,590 | +2022.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,184 | +€10,184 | |
| Other operating charges | 640/8 | €686 | €1,363 | +€677 | +98.7% |
| Gross operating margin | 9900 | -€3,108 | -€75,516 | -€72,408 | -2329.4% |
| Operating profit (loss) | 9901 | -€3,795 | -€87,063 | -€83,269 | -2194.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €571 | €1,071 | +€500 | +87.6% |
| Recurring financial charges | 65 | €571 | €1,071 | +€500 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,366 | -€88,134 | -€83,768 | -1918.8% |
| Profit (loss) for the period | 9904 | -€4,366 | -€88,134 | -€83,768 | -1918.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,366 | -€88,134 | -€83,768 | -1918.8% |
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.