GYNAN: 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.
GYNAN
Largest movements
- Deferred charges and accrued income -€62,500
down €62,500 (-39.2%), from €159,500 to €97,000
- Cash -€55,781
down €55,781 (-21.4%), from €260,498 to €204,718
mainly Contributions, distributions and other (-€711,141) and Investment in fixed assets (net) (-€2,921)
- Receivables within one year -€11,962
down €11,962 (-52.4%), from €22,834 to €10,872
- Profit (loss) carried forward -€432,898
no longer reported in 2025 (was €432,898)
- Other debts +€251,664
new in 2025: €251,664
- Tax, wage and social debts +€41,736
new in 2025: €41,736
- Trade debts +€5,471
up €5,471 (+230%), from €2,377 to €7,848
- Gross operating margin -€161,539
down €161,539 (-27.7%), from €583,094 to €421,555
- Taxes -€52,536
down €52,536 (-37.1%), from €141,664 to €89,128
- Financial charges +€45,379
up €45,379 (+2,240%), from €2,026 to €47,405
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 | €455,390 | €321,363 | -€134,026 | -29.4% |
| Fixed assets | 21/28 | €12,557 | €8,774 | -€3,783 | -30.1% |
| Tangible fixed assets | 22/27 | €12,557 | €8,774 | -€3,783 | -30.1% |
| Furniture and vehicles | 24 | €12,557 | €8,774 | -€3,783 | -30.1% |
| Current assets | 29/58 | €442,832 | €312,589 | -€130,243 | -29.4% |
| Amounts receivable within one year | 40/41 | €22,834 | €10,872 | -€11,962 | -52.4% |
| Other amounts receivable | 41 | €22,834 | €10,872 | -€11,962 | -52.4% |
| Cash at bank and in hand | 54/58 | €260,498 | €204,718 | -€55,781 | -21.4% |
| Deferred charges and accrued income | 490/1 | €159,500 | €97,000 | -€62,500 | -39.2% |
| Total equity and liabilities | 10/49 | €455,390 | €321,363 | -€134,026 | -29.4% |
| Equity | 10/15 | €451,498 | €18,600 | -€432,898 | -95.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €432,898 | - | -€432,898 | |
| Amounts payable | 17/49 | €3,892 | €302,763 | +€298,871 | +7,679% |
| Amounts payable within one year | 42/48 | €2,377 | €301,248 | +€298,871 | +12,573% |
| Trade debts | 44 | €2,377 | €7,848 | +€5,471 | +230% |
| Suppliers | 440/4 | €2,377 | €7,848 | +€5,471 | +230% |
| Taxes, remuneration and social security | 45 | - | €41,736 | +€41,736 | |
| Taxes | 450/3 | - | €41,736 | +€41,736 | |
| Other amounts payable | 47/48 | - | €251,664 | +€251,664 | |
| Accrued charges and deferred income | 492/3 | €1,515 | €1,515 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,343 | €6,705 | +€362 | +5.7% |
| Other operating charges | 640/8 | €164 | €74 | -€90 | -54.8% |
| Gross operating margin | 9900 | €583,094 | €421,555 | -€161,539 | -27.7% |
| Operating profit (loss) | 9901 | €576,587 | €414,776 | -€161,811 | -28.1% |
| Financial charges | 65/66B | €2,026 | €47,405 | +€45,379 | +2,240% |
| Recurring financial charges | 65 | €2,026 | €47,405 | +€45,379 | +2,240% |
| Profit (loss) for the period before taxes | 9903 | €574,562 | €367,371 | -€207,190 | -36.1% |
| Income taxes | 67/77 | €141,664 | €89,128 | -€52,536 | -37.1% |
| Profit (loss) for the period | 9904 | €432,898 | €278,243 | -€154,655 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €432,898 | €278,243 | -€154,655 | -35.7% |
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 15 October 2026 via checked.be.