GYNAC: 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.
GYNAC
Largest movements
- Deferred charges and accrued income -€124,493
down €124,493 (-91.4%), from €136,227 to €11,734
- Receivables within one year +€114,224
up €114,224 (+12886.5%), from €886 to €115,110
of which Other amounts receivable: +€114,762
- Current investments +€99,673
up €99,673 (+45.0%), from €221,603 to €321,276
- Tangible fixed assets -€11,358
down €11,358 (-77.3%), from €14,691 to €3,333
- Reserves +€115,026
up €115,026 (+49.8%), from €230,801 to €345,827
of which Distributable reserves: +€115,026
- Contributions -€50,000
down €50,000 (-80.6%), from €62,000 to €12,000
- Trade debts +€12,247
up €12,247 (+392.8%), from €3,118 to €15,365
- Gross operating margin +€35,849
up €35,849 (+23.0%), from €155,606 to €191,455
- Taxes +€15,971
up €15,971 (+38.6%), from €41,358 to €57,329
- Depreciation -€3,358
down €3,358 (-22.8%), from €14,716 to €11,358
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 | €402,148 | €477,754 | +€75,605 | +18.8% |
| Fixed assets | 21/28 | €18,144 | €6,786 | -€11,358 | -62.6% |
| Tangible fixed assets | 22/27 | €14,691 | €3,333 | -€11,358 | -77.3% |
| Furniture and vehicles | 24 | €14,691 | €3,333 | -€11,358 | -77.3% |
| Financial fixed assets | 28 | €3,453 | €3,453 | = | 0.0% |
| Current assets | 29/58 | €384,004 | €470,968 | +€86,963 | +22.6% |
| Amounts receivable within one year | 40/41 | €886 | €115,110 | +€114,224 | +12886.5% |
| Trade receivables | 40 | €886 | €348 | -€538 | -60.7% |
| Other amounts receivable | 41 | - | €114,762 | +€114,762 | |
| Current investments | 50/53 | €221,603 | €321,276 | +€99,673 | +45.0% |
| Cash at bank and in hand | 54/58 | €25,288 | €22,848 | -€2,440 | -9.6% |
| Deferred charges and accrued income | 490/1 | €136,227 | €11,734 | -€124,493 | -91.4% |
| Total equity and liabilities | 10/49 | €402,148 | €477,754 | +€75,605 | +18.8% |
| Equity | 10/15 | €292,801 | €357,827 | +€65,026 | +22.2% |
| Contributions | 10/11 | €62,000 | €12,000 | -€50,000 | -80.6% |
| Reserves | 13 | €230,801 | €345,827 | +€115,026 | +49.8% |
| Non-distributable reserves | 130/1 | €1,017 | €1,017 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,017 | €1,017 | = | 0.0% |
| Distributable reserves | 133 | €229,784 | €344,810 | +€115,026 | +50.1% |
| Amounts payable | 17/49 | €109,348 | €119,927 | +€10,580 | +9.7% |
| Amounts payable within one year | 42/48 | €109,348 | €119,927 | +€10,580 | +9.7% |
| Trade debts | 44 | €3,118 | €15,365 | +€12,247 | +392.8% |
| Suppliers | 440/4 | €3,118 | €15,365 | +€12,247 | +392.8% |
| Taxes, remuneration and social security | 45 | €21,127 | €22,400 | +€1,273 | +6.0% |
| Taxes | 450/3 | €20,372 | €21,718 | +€1,347 | +6.6% |
| Remuneration and social security | 454/9 | €756 | €681 | -€74 | -9.8% |
| Other amounts payable | 47/48 | €85,103 | €82,163 | -€2,940 | -3.5% |
| Remuneration, social security and pensions | 62 | €8,206 | €7,818 | -€388 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,716 | €11,358 | -€3,358 | -22.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €155,606 | €191,455 | +€35,849 | +23.0% |
| Operating profit (loss) | 9901 | €132,297 | €171,880 | +€39,583 | +29.9% |
| Financial income | 75/76B | €803 | €2,036 | +€1,233 | +153.5% |
| Recurring financial income | 75 | €803 | €2,036 | +€1,233 | +153.5% |
| Financial charges | 65/66B | €939 | €1,561 | +€621 | +66.1% |
| Recurring financial charges | 65 | €939 | €1,561 | +€621 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €132,161 | €172,355 | +€40,194 | +30.4% |
| Income taxes | 67/77 | €41,358 | €57,329 | +€15,971 | +38.6% |
| Profit (loss) for the period | 9904 | €90,803 | €115,026 | +€24,223 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,803 | €115,026 | +€24,223 | +26.7% |
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 30 September 2026 via checked.be.