GYMACO: 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.
GYMACO
Largest movements
- Current investments +€36,846
up €36,846 (+29.2%), from €126,104 to €162,950
- Receivables within one year -€13,558
down €13,558 (-24.3%), from €55,880 to €42,323
of which Trade receivables: -€14,814
- Tangible fixed assets -€10,109
down €10,109 (-64.3%), from €15,728 to €5,619
of which Furniture and vehicles: -€8,936
- Cash -€7,420
down €7,420 (-7.4%), from €99,987 to €92,567
mainly Current investments (-€36,846) and Trade debts (-€17,267)
- Reserves +€26,612
up €26,612 (+12.0%), from €221,319 to €247,931
- Trade debts -€17,267
down €17,267 (-37.8%), from €45,661 to €28,393
- Current portion of long-term debt -€5,609
down €5,609 (-100.0%), from €5,609 to €0
- Gross operating margin -€11,498
down €11,498 (-19.8%), from €58,206 to €46,707
- Financial income -€5,662
down €5,662 (-78.9%), from €7,175 to €1,513
- Taxes -€3,931
down €3,931 (-27.3%), from €14,375 to €10,444
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 | €299,199 | €305,020 | +€5,821 | +1.9% |
| Fixed assets | 21/28 | €16,242 | €6,133 | -€10,109 | -62.2% |
| Tangible fixed assets | 22/27 | €15,728 | €5,619 | -€10,109 | -64.3% |
| Furniture and vehicles | 24 | €10,483 | €1,547 | -€8,936 | -85.2% |
| Other tangible fixed assets | 26 | €5,245 | €4,072 | -€1,173 | -22.4% |
| Financial fixed assets | 28 | €514 | €514 | = | 0.0% |
| Current assets | 29/58 | €282,957 | €298,887 | +€15,930 | +5.6% |
| Amounts receivable within one year | 40/41 | €55,880 | €42,323 | -€13,558 | -24.3% |
| Trade receivables | 40 | €51,781 | €36,967 | -€14,814 | -28.6% |
| Other amounts receivable | 41 | €4,099 | €5,356 | +€1,257 | +30.7% |
| Current investments | 50/53 | €126,104 | €162,950 | +€36,846 | +29.2% |
| Cash at bank and in hand | 54/58 | €99,987 | €92,567 | -€7,420 | -7.4% |
| Deferred charges and accrued income | 490/1 | €986 | €1,047 | +€61 | +6.2% |
| Total equity and liabilities | 10/49 | €299,199 | €305,020 | +€5,821 | +1.9% |
| Equity | 10/15 | €239,919 | €266,531 | +€26,612 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,319 | €247,931 | +€26,612 | +12.0% |
| Distributable reserves | 133 | €221,319 | €247,931 | +€26,612 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €59,280 | €38,489 | -€20,791 | -35.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,474 | €38,445 | -€20,029 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €5,609 | €0 | -€5,609 | -100.0% |
| Trade debts | 44 | €45,661 | €28,393 | -€17,267 | -37.8% |
| Suppliers | 440/4 | €45,661 | €28,393 | -€17,267 | -37.8% |
| Taxes, remuneration and social security | 45 | €5,385 | €7,426 | +€2,041 | +37.9% |
| Taxes | 450/3 | €5,385 | €7,426 | +€2,041 | +37.9% |
| Other amounts payable | 47/48 | €1,820 | €2,625 | +€806 | +44.3% |
| Accrued charges and deferred income | 492/3 | €806 | €44 | -€762 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,367 | €10,109 | -€258 | -2.5% |
| Other operating charges | 640/8 | €569 | €1,031 | +€462 | +81.2% |
| Gross operating margin | 9900 | €58,206 | €46,707 | -€11,498 | -19.8% |
| Operating profit (loss) | 9901 | €47,270 | €35,568 | -€11,703 | -24.8% |
| Financial income | 75/76B | €7,175 | €1,513 | -€5,662 | -78.9% |
| Recurring financial income | 75 | €7,175 | €1,513 | -€5,662 | -78.9% |
| Financial charges | 65/66B | -€29 | €25 | +€53 | |
| Recurring financial charges | 65 | -€29 | €25 | +€53 | |
| Profit (loss) for the period before taxes | 9903 | €54,474 | €37,056 | -€17,418 | -32.0% |
| Income taxes | 67/77 | €14,375 | €10,444 | -€3,931 | -27.3% |
| Profit (loss) for the period | 9904 | €40,099 | €26,612 | -€13,487 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,099 | €26,612 | -€13,487 | -33.6% |
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 7 October 2026 via checked.be.