GYNAGO: 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.
GYNAGO
Largest movements
- Cash -€116,876
down €116,876 (-47.2%), from €247,600 to €130,724
mainly Other debts (-€94,807) and Contributions, distributions and other (-€50,860)
- Deferred charges and accrued income -€34,630
down €34,630 (-52.8%), from €65,631 to €31,002
- Current investments +€27,276
up €27,276 (+23.7%), from €115,270 to €142,546
- Tangible fixed assets +€15,520
up €15,520 (+1933.1%), from €803 to €16,322
of which Furniture and vehicles: +€10,856
- Receivables within one year +€10,333
up €10,333, from €0 to €10,333
- Other debts -€94,807
down €94,807 (-65.1%), from €145,667 to €50,860
- Gross operating margin -€290,834
down €290,834 (-80.1%), from €363,061 to €72,228
- Taxes -€70,499
down €70,499 (-78.6%), from €89,664 to €19,166
- Financial income -€7,495
down €7,495 (-80.4%), from €9,320 to €1,825
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 | €434,304 | €335,926 | -€98,377 | -22.7% |
| Fixed assets | 21/28 | €5,803 | €21,322 | +€15,520 | +267.4% |
| Tangible fixed assets | 22/27 | €803 | €16,322 | +€15,520 | +1933.1% |
| Land and buildings | 22 | - | €4,664 | +€4,664 | |
| Furniture and vehicles | 24 | €803 | €11,659 | +€10,856 | +1352.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €428,501 | €314,604 | -€113,897 | -26.6% |
| Amounts receivable within one year | 40/41 | €0 | €10,333 | +€10,333 | |
| Other amounts receivable | 41 | €0 | €10,333 | +€10,333 | |
| Current investments | 50/53 | €115,270 | €142,546 | +€27,276 | +23.7% |
| Cash at bank and in hand | 54/58 | €247,600 | €130,724 | -€116,876 | -47.2% |
| Deferred charges and accrued income | 490/1 | €65,631 | €31,002 | -€34,630 | -52.8% |
| Total equity and liabilities | 10/49 | €434,304 | €335,926 | -€98,377 | -22.7% |
| Equity | 10/15 | €261,778 | €261,778 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,778 | €256,778 | = | 0.0% |
| Amounts payable | 17/49 | €172,525 | €74,148 | -€98,377 | -57.0% |
| Amounts payable within one year | 42/48 | €168,416 | €71,998 | -€96,418 | -57.2% |
| Trade debts | 44 | €3,181 | €1,570 | -€1,611 | -50.6% |
| Suppliers | 440/4 | €3,181 | €1,570 | -€1,611 | -50.6% |
| Taxes, remuneration and social security | 45 | €19,568 | €19,568 | = | 0.0% |
| Taxes | 450/3 | €19,568 | €19,568 | = | 0.0% |
| Other amounts payable | 47/48 | €145,667 | €50,860 | -€94,807 | -65.1% |
| Accrued charges and deferred income | 492/3 | €4,109 | €2,150 | -€1,959 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €2,520 | +€1,302 | +106.8% |
| Other operating charges | 640/8 | €305 | €1,373 | +€1,067 | +349.5% |
| Gross operating margin | 9900 | €363,061 | €72,228 | -€290,834 | -80.1% |
| Operating profit (loss) | 9901 | €361,537 | €68,334 | -€293,203 | -81.1% |
| Financial income | 75/76B | €9,320 | €1,825 | -€7,495 | -80.4% |
| Recurring financial income | 75 | €9,320 | €1,825 | -€7,495 | -80.4% |
| Financial charges | 65/66B | €157 | €134 | -€23 | -14.5% |
| Recurring financial charges | 65 | €157 | €134 | -€23 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €370,700 | €70,025 | -€300,674 | -81.1% |
| Income taxes | 67/77 | €89,664 | €19,166 | -€70,499 | -78.6% |
| Profit (loss) for the period | 9904 | €281,036 | €50,860 | -€230,176 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €281,036 | €50,860 | -€230,176 | -81.9% |
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.