GynART: 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.
GynART
Largest movements
- Current investments +€100,000
up €100,000, from €0 to €100,000
- Cash -€94,554
down €94,554 (-23.0%), from €411,532 to €316,978
mainly Contributions, distributions and other (-€161,653) and Current investments (-€100,000)
- Tangible fixed assets +€68,786
up €68,786 (+24.2%), from €283,707 to €352,493
of which Plant, machinery and equipment: +€84,106
- Receivables within one year +€34,516
up €34,516 (+77.1%), from €44,779 to €79,295
of which Trade receivables: +€60,595
- Reserves +€89,142
up €89,142 (+22.4%), from €398,798 to €487,940
- Tax, wage and social debts +€54,820
up €54,820 (+287.8%), from €19,046 to €73,866
of which Taxes: +€71,461
- Other debts -€24,071
down €24,071 (-12.8%), from €188,232 to €164,161
- Debts after one year -€13,632
down €13,632 (-25.1%), from €54,371 to €40,739
- Gross operating margin +€161,191
up €161,191 (+70.4%), from €228,916 to €390,107
- Taxes +€51,214
up €51,214 (+80.7%), from €63,451 to €114,665
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 | €740,018 | €848,766 | +€108,748 | +14.7% |
| Fixed assets | 21/28 | €283,707 | €352,493 | +€68,786 | +24.2% |
| Tangible fixed assets | 22/27 | €283,707 | €352,493 | +€68,786 | +24.2% |
| Land and buildings | 22 | €261,159 | €249,292 | -€11,867 | -4.5% |
| Plant, machinery and equipment | 23 | €16,418 | €100,524 | +€84,106 | +512.3% |
| Furniture and vehicles | 24 | €6,130 | €2,677 | -€3,453 | -56.3% |
| Current assets | 29/58 | €456,311 | €496,273 | +€39,962 | +8.8% |
| Amounts receivable within one year | 40/41 | €44,779 | €79,295 | +€34,516 | +77.1% |
| Trade receivables | 40 | €18,700 | €79,295 | +€60,595 | +324.0% |
| Other amounts receivable | 41 | €26,079 | - | -€26,079 | |
| Current investments | 50/53 | €0 | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €411,532 | €316,978 | -€94,554 | -23.0% |
| Total equity and liabilities | 10/49 | €740,018 | €848,766 | +€108,748 | +14.7% |
| Equity | 10/15 | €447,985 | €537,127 | +€89,142 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €398,798 | €487,940 | +€89,142 | +22.4% |
| Distributable reserves | 133 | €398,798 | €487,940 | +€89,142 | +22.4% |
| Profit (loss) carried forward | 14 | €42,987 | €42,987 | = | 0.0% |
| Amounts payable | 17/49 | €292,033 | €311,639 | +€19,606 | +6.7% |
| Amounts payable after more than one year | 17 | €54,371 | €40,739 | -€13,632 | -25.1% |
| Financial debts | 170/4 | €54,371 | €40,739 | -€13,632 | -25.1% |
| Amounts payable within one year | 42/48 | €237,662 | €270,900 | +€33,238 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €15,695 | €14,034 | -€1,661 | -10.6% |
| Trade debts | 44 | €13,689 | €17,839 | +€4,150 | +30.3% |
| Suppliers | 440/4 | €13,689 | €17,839 | +€4,150 | +30.3% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,046 | €73,866 | +€54,820 | +287.8% |
| Taxes | 450/3 | €2,405 | €73,866 | +€71,461 | +2971.4% |
| Remuneration and social security | 454/9 | €16,641 | - | -€16,641 | |
| Other amounts payable | 47/48 | €188,232 | €164,161 | -€24,071 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,659 | €22,119 | +€460 | +2.1% |
| Other operating charges | 640/8 | €1,216 | €1,503 | +€287 | +23.6% |
| Gross operating margin | 9900 | €228,916 | €390,107 | +€161,191 | +70.4% |
| Operating profit (loss) | 9901 | €206,041 | €366,485 | +€160,444 | +77.9% |
| Financial income | 75/76B | €3,523 | €2,661 | -€862 | -24.5% |
| Recurring financial income | 75 | €3,523 | €2,661 | -€862 | -24.5% |
| Financial charges | 65/66B | €3,938 | €3,686 | -€252 | -6.4% |
| Recurring financial charges | 65 | €3,938 | €3,686 | -€252 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €205,626 | €365,460 | +€159,834 | +77.7% |
| Income taxes | 67/77 | €63,451 | €114,665 | +€51,214 | +80.7% |
| Profit (loss) for the period | 9904 | €142,175 | €250,795 | +€108,620 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €142,175 | €250,795 | +€108,620 | +76.4% |
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.