GYNE-PHIL: 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.
GYNE-PHIL
Largest movements
- Tangible fixed assets -€49,988
down €49,988 (-11.6%), from €431,927 to €381,939
of which Furniture and vehicles: -€25,728
- Cash +€40,373
up €40,373 (+140%), from €28,881 to €69,254
mainly Depreciation (+€57,614) and Net result for the year (+€53,841)
- Receivables within one year -€18,864
down €18,864 (-25.5%), from €73,973 to €55,110
of which Trade receivables: -€12,702
- Debts after one year -€48,342
down €48,342 (-83.2%), from €58,107 to €9,765
- Reserves +€12,593
up €12,593 (+3.6%), from €345,106 to €357,700
- Other debts +€12,525
up €12,525 (+174%), from €7,183 to €19,708
- Gross operating margin +€34,667
up €34,667 (+22.9%), from €151,106 to €185,773
- Depreciation +€12,744
up €12,744 (+28.4%), from €44,869 to €57,614
- Taxes +€7,091
up €7,091 (+33.4%), from €21,242 to €28,333
- Other operating charges +€4,864
up €4,864 (+90.3%), from €5,388 to €10,252
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 | €608,483 | €583,106 | -€25,376 | -4.2% |
| Fixed assets | 21/28 | €436,827 | €386,864 | -€49,963 | -11.4% |
| Tangible fixed assets | 22/27 | €431,927 | €381,939 | -€49,988 | -11.6% |
| Land and buildings | 22 | €283,340 | €270,320 | -€13,020 | -4.6% |
| Plant, machinery and equipment | 23 | €50,123 | €40,943 | -€9,180 | -18.3% |
| Furniture and vehicles | 24 | €92,283 | €66,556 | -€25,728 | -27.9% |
| Other tangible fixed assets | 26 | €6,181 | €4,121 | -€2,060 | -33.3% |
| Financial fixed assets | 28 | €4,900 | €4,925 | +€25 | +0.5% |
| Current assets | 29/58 | €171,655 | €196,242 | +€24,587 | +14.3% |
| Amounts receivable within one year | 40/41 | €73,973 | €55,110 | -€18,864 | -25.5% |
| Trade receivables | 40 | €65,761 | €53,059 | -€12,702 | -19.3% |
| Other amounts receivable | 41 | €8,212 | €2,051 | -€6,161 | -75.0% |
| Current investments | 50/53 | €65,000 | €65,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,881 | €69,254 | +€40,373 | +140% |
| Deferred charges and accrued income | 490/1 | €3,801 | €6,879 | +€3,077 | +81.0% |
| Total equity and liabilities | 10/49 | €608,483 | €583,106 | -€25,376 | -4.2% |
| Equity | 10/15 | €455,450 | €468,043 | +€12,593 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €345,106 | €357,700 | +€12,593 | +3.6% |
| Distributable reserves | 133 | €345,106 | €357,700 | +€12,593 | +3.6% |
| Profit (loss) carried forward | 14 | €97,944 | €97,944 | = | 0.0% |
| Amounts payable | 17/49 | €153,033 | €115,063 | -€37,970 | -24.8% |
| Amounts payable after more than one year | 17 | €58,107 | €9,765 | -€48,342 | -83.2% |
| Financial debts | 170/4 | €58,107 | €9,765 | -€48,342 | -83.2% |
| Amounts payable within one year | 42/48 | €94,925 | €105,298 | +€10,373 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €60,648 | €56,770 | -€3,878 | -6.4% |
| Trade debts | 44 | €8,262 | €11,811 | +€3,549 | +43.0% |
| Suppliers | 440/4 | €8,262 | €11,811 | +€3,549 | +43.0% |
| Taxes, remuneration and social security | 45 | €18,832 | €17,009 | -€1,823 | -9.7% |
| Taxes | 450/3 | €9,854 | €9,135 | -€719 | -7.3% |
| Remuneration and social security | 454/9 | €8,977 | €7,873 | -€1,104 | -12.3% |
| Other amounts payable | 47/48 | €7,183 | €19,708 | +€12,525 | +174% |
| Non-recurring operating income | 76A | - | €22,449 | +€22,449 | |
| Remuneration, social security and pensions | 62 | €30,789 | €32,344 | +€1,555 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,869 | €57,614 | +€12,744 | +28.4% |
| Other operating charges | 640/8 | €5,388 | €10,252 | +€4,864 | +90.3% |
| Non-recurring operating charges | 66A | €503 | €337 | -€166 | -33.0% |
| Gross operating margin | 9900 | €151,106 | €185,773 | +€34,667 | +22.9% |
| Operating profit (loss) | 9901 | €69,557 | €85,226 | +€15,669 | +22.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -57.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -57.1% |
| Financial charges | 65/66B | €3,770 | €3,051 | -€719 | -19.1% |
| Recurring financial charges | 65 | €3,770 | €3,051 | -€719 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €65,787 | €82,175 | +€16,388 | +24.9% |
| Income taxes | 67/77 | €21,242 | €28,333 | +€7,091 | +33.4% |
| Profit (loss) for the period | 9904 | €44,545 | €53,841 | +€9,297 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,545 | €53,841 | +€9,297 | +20.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.