GYMA: 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.
GYMA
Largest movements
- Receivables within one year -€12.8m
down €12.8m (-100.0%), from €12.8m to €200
of which Other amounts receivable: -€12.7m
- Current investments +€11.8m
up €11.8m (+1,640%), from €719,945 to €12.5m
- Tangible fixed assets +€897,359
up €897,359 (+62.2%), from €1.4m to €2.3m
of which Land and buildings: +€918,444
- Cash +€718,439
up €718,439 (+161%), from €445,498 to €1.2m
mainly Receivables within one year (+€12.8m) and Net result for the year (+€681,460)
- Reserves +€531,460
up €531,460 (+3.8%), from €14.1m to €14.6m
of which Tax-exempt reserves: +€495,098
- Other debts +€171,690
up €171,690 (+18.8%), from €911,833 to €1.1m
- Financial income -€4.9m
down €4.9m (-99.6%), from €5.0m to €22,107
of which Non-recurring financial income: -€4.8m
- Gross operating margin +€367,154
up €367,154 (+66.5%), from €551,873 to €919,027
- Financial charges -€23,326
down €23,326 (-27.4%), from €85,081 to €61,756
- Taxes +€14,091
up €14,091 (+14.3%), from €98,879 to €112,970
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 | €15,449,395 | €16,030,331 | +€580,936 | +3.8% |
| Fixed assets | 21/28 | €1,442,334 | €2,339,692 | +€897,359 | +62.2% |
| Tangible fixed assets | 22/27 | €1,442,334 | €2,339,692 | +€897,359 | +62.2% |
| Land and buildings | 22 | €1,347,724 | €2,266,168 | +€918,444 | +68.1% |
| Plant, machinery and equipment | 23 | €25,253 | €19,151 | -€6,102 | -24.2% |
| Furniture and vehicles | 24 | €69,356 | €54,373 | -€14,984 | -21.6% |
| Current assets | 29/58 | €14,007,062 | €13,690,639 | -€316,423 | -2.3% |
| Amounts receivable within one year | 40/41 | €12,841,618 | €200 | -€12.8m | -100.0% |
| Trade receivables | 40 | €115,643 | €200 | -€115,443 | -99.8% |
| Other amounts receivable | 41 | €12,725,975 | - | -€12.7m | |
| Current investments | 50/53 | €719,945 | €12,525,000 | +€11.8m | +1,640% |
| Cash at bank and in hand | 54/58 | €445,498 | €1,163,937 | +€718,439 | +161% |
| Deferred charges and accrued income | 490/1 | - | €1,502 | +€1,502 | |
| Total equity and liabilities | 10/49 | €15,449,395 | €16,030,331 | +€580,936 | +3.8% |
| Equity | 10/15 | €14,289,480 | €14,820,940 | +€531,460 | +3.7% |
| Contributions | 10/11 | €179,900 | €179,900 | = | 0.0% |
| Reserves | 13 | €14,109,580 | €14,641,040 | +€531,460 | +3.8% |
| Non-distributable reserves | 130/1 | €850,000 | €1,025,000 | +€175,000 | +20.6% |
| Other | 1319 | €850,000 | €1,025,000 | +€175,000 | +20.6% |
| Tax-exempt reserves | 132 | €381,931 | €877,029 | +€495,098 | +130% |
| Distributable reserves | 133 | €12,877,648 | €12,739,011 | -€138,637 | -1.1% |
| Amounts payable | 17/49 | €1,159,916 | €1,209,391 | +€49,475 | +4.3% |
| Amounts payable after more than one year | 17 | €40,311 | - | -€40,311 | |
| Financial debts | 170/4 | €40,311 | - | -€40,311 | |
| Amounts payable within one year | 42/48 | €1,119,605 | €1,209,391 | +€89,786 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €116,100 | €40,311 | -€75,789 | -65.3% |
| Trade debts | 44 | €25,261 | €31,282 | +€6,021 | +23.8% |
| Suppliers | 440/4 | €25,261 | €31,282 | +€6,021 | +23.8% |
| Taxes, remuneration and social security | 45 | €66,411 | €54,276 | -€12,136 | -18.3% |
| Taxes | 450/3 | €66,411 | €54,276 | -€12,136 | -18.3% |
| Other amounts payable | 47/48 | €911,833 | €1,083,523 | +€171,690 | +18.8% |
| Non-recurring operating income | 76A | - | €432,524 | +€432,524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,395 | €77,963 | +€1,568 | +2.1% |
| Other operating charges | 640/8 | €8,027 | €6,986 | -€1,042 | -13.0% |
| Gross operating margin | 9900 | €551,873 | €919,027 | +€367,154 | +66.5% |
| Operating profit (loss) | 9901 | €467,450 | €834,078 | +€366,628 | +78.4% |
| Financial income | 75/76B | €4,959,161 | €22,107 | -€4.9m | -99.6% |
| Recurring financial income | 75 | €192,774 | €22,107 | -€170,667 | -88.5% |
| Non-recurring financial income | 76B | €4,766,387 | - | -€4.8m | |
| Financial charges | 65/66B | €85,081 | €61,756 | -€23,326 | -27.4% |
| Recurring financial charges | 65 | €85,081 | €61,756 | -€23,326 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €5,341,530 | €794,430 | -€4.5m | -85.1% |
| Income taxes | 67/77 | €98,879 | €112,970 | +€14,091 | +14.3% |
| Profit (loss) for the period | 9904 | €5,242,651 | €681,460 | -€4.6m | -87.0% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €63,726 | -€20,474 | -24.3% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €558,824 | +€432,524 | +342% |
| Profit (loss) for the period to be appropriated | 9905 | €5,200,551 | €186,363 | -€5.0m | -96.4% |
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 13 October 2026 via checked.be.