GYMAR: 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.
GYMAR
Largest movements
- Receivables within one year +€111,961
up €111,961 (+867%), from €12,910 to €124,871
of which Other amounts receivable: +€111,214
- Current investments +€103,475
up €103,475 (+12.4%), from €835,092 to €938,567
- Cash -€72,781
down €72,781 (-70.3%), from €103,510 to €30,729
mainly Receivables within one year (-€111,961) and Current investments (-€103,475)
- Other debts +€131,119
up €131,119 (+74.4%), from €176,136 to €307,255
- Reserves +€40,743
up €40,743 (+2.1%), from €2.0m to €2.0m
of which Distributable reserves: +€40,743
- Gross operating margin +€8,625
up €8,625 (+11.9%), from €72,683 to €81,308
- Depreciation +€1,896
up €1,896 (+10.2%), from €18,557 to €20,453
- Taxes +€1,552
up €1,552 (+12.6%), from €12,346 to €13,899
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 | €2,327,841 | €2,500,024 | +€172,184 | +7.4% |
| Fixed assets | 21/28 | €658,295 | €678,291 | +€19,996 | +3.0% |
| Tangible fixed assets | 22/27 | €658,295 | €678,291 | +€19,996 | +3.0% |
| Land and buildings | 22 | €625,806 | €654,389 | +€28,582 | +4.6% |
| Plant, machinery and equipment | 23 | €26,486 | €19,064 | -€7,423 | -28.0% |
| Furniture and vehicles | 24 | €6,003 | €4,839 | -€1,164 | -19.4% |
| Current assets | 29/58 | €1,669,545 | €1,821,733 | +€152,188 | +9.1% |
| Amounts receivable after more than one year | 29 | €702,200 | €702,200 | = | 0.0% |
| Other amounts receivable | 291 | €702,200 | €702,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,910 | €124,871 | +€111,961 | +867% |
| Trade receivables | 40 | - | €747 | +€747 | |
| Other amounts receivable | 41 | €12,910 | €124,125 | +€111,214 | +861% |
| Current investments | 50/53 | €835,092 | €938,567 | +€103,475 | +12.4% |
| Cash at bank and in hand | 54/58 | €103,510 | €30,729 | -€72,781 | -70.3% |
| Deferred charges and accrued income | 490/1 | €15,833 | €25,366 | +€9,533 | +60.2% |
| Total equity and liabilities | 10/49 | €2,327,841 | €2,500,024 | +€172,184 | +7.4% |
| Equity | 10/15 | €2,147,551 | €2,188,294 | +€40,743 | +1.9% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €1,977,551 | €2,018,294 | +€40,743 | +2.1% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,072 | €18,072 | = | 0.0% |
| Distributable reserves | 133 | €1,942,478 | €1,983,222 | +€40,743 | +2.1% |
| Amounts payable | 17/49 | €180,290 | €311,730 | +€131,441 | +72.9% |
| Amounts payable within one year | 42/48 | €180,290 | €311,730 | +€131,441 | +72.9% |
| Trade debts | 44 | €122 | €813 | +€691 | +569% |
| Suppliers | 440/4 | €122 | €813 | +€691 | +569% |
| Taxes, remuneration and social security | 45 | €4,032 | €3,663 | -€370 | -9.2% |
| Taxes | 450/3 | €4,032 | €3,663 | -€370 | -9.2% |
| Other amounts payable | 47/48 | €176,136 | €307,255 | +€131,119 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,557 | €20,453 | +€1,896 | +10.2% |
| Other operating charges | 640/8 | €7,070 | €7,062 | -€8 | -0.1% |
| Gross operating margin | 9900 | €72,683 | €81,308 | +€8,625 | +11.9% |
| Operating profit (loss) | 9901 | €47,056 | €53,793 | +€6,737 | +14.3% |
| Financial income | 75/76B | €11,170 | €11,234 | +€63 | +0.6% |
| Recurring financial income | 75 | €11,170 | €11,234 | +€63 | +0.6% |
| Financial charges | 65/66B | €8,842 | €9,526 | +€684 | +7.7% |
| Recurring financial charges | 65 | €8,842 | €9,526 | +€684 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €49,385 | €55,501 | +€6,116 | +12.4% |
| Income taxes | 67/77 | €12,346 | €13,899 | +€1,552 | +12.6% |
| Profit (loss) for the period | 9904 | €37,039 | €41,602 | +€4,564 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,039 | €41,602 | +€4,564 | +12.3% |
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 25 October 2026 via checked.be.