GYNEBEL: 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.
GYNEBEL
Largest movements
- Tangible fixed assets -€12,484
no longer reported in 2025 (was €12,484)
- Cash +€9,986
up €9,986 (+436%), from €2,293 to €12,278
mainly Depreciation (+€12,484) and Tax, wage and social debts (+€3,100)
- Receivables within one year +€5,988
up €5,988 (+51.0%), from €11,731 to €17,719
- Deferred charges and accrued income -€1,882
down €1,882 (-33.1%), from €5,692 to €3,810
- Tax, wage and social debts +€3,100
up €3,100 (+2,072%), from €150 to €3,250
- Other debts -€1,878
down €1,878 (-3.3%), from €56,861 to €54,982
- Profit (loss) carried forward +€878
up €878 (+2.7%), from -€32,432 to -€31,554
- Trade debts -€492
down €492 (-8.0%), from €6,121 to €5,629
- Gross operating margin +€16,854
up €16,854, from -€2,948 to €13,906
- Depreciation -€348
down €348 (-2.7%), from €12,832 to €12,484
- Other operating charges -€210
down €210 (-41.6%), from €505 to €295
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 | €32,200 | €33,807 | +€1,608 | +5.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,484 | - | -€12,484 | |
| Tangible fixed assets | 22/27 | €12,484 | - | -€12,484 | |
| Furniture and vehicles | 24 | €12,484 | - | -€12,484 | |
| Current assets | 29/58 | €19,715 | €33,807 | +€14,092 | +71.5% |
| Amounts receivable within one year | 40/41 | €11,731 | €17,719 | +€5,988 | +51.0% |
| Other amounts receivable | 41 | €11,731 | €17,719 | +€5,988 | +51.0% |
| Cash at bank and in hand | 54/58 | €2,293 | €12,278 | +€9,986 | +436% |
| Deferred charges and accrued income | 490/1 | €5,692 | €3,810 | -€1,882 | -33.1% |
| Total equity and liabilities | 10/49 | €32,200 | €33,807 | +€1,608 | +5.0% |
| Equity | 10/15 | -€30,932 | -€30,054 | +€878 | +2.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,432 | -€31,554 | +€878 | +2.7% |
| Amounts payable | 17/49 | €63,131 | €63,861 | +€730 | +1.2% |
| Amounts payable within one year | 42/48 | €63,131 | €63,861 | +€730 | +1.2% |
| Trade debts | 44 | €6,121 | €5,629 | -€492 | -8.0% |
| Suppliers | 440/4 | €6,121 | €5,629 | -€492 | -8.0% |
| Taxes, remuneration and social security | 45 | €150 | €3,250 | +€3,100 | +2,072% |
| Taxes | 450/3 | €150 | €3,250 | +€3,100 | +2,072% |
| Other amounts payable | 47/48 | €56,861 | €54,982 | -€1,878 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,832 | €12,484 | -€348 | -2.7% |
| Other operating charges | 640/8 | €505 | €295 | -€210 | -41.6% |
| Gross operating margin | 9900 | -€2,948 | €13,906 | +€16,854 | |
| Operating profit (loss) | 9901 | -€16,286 | €1,127 | +€17,412 | |
| Financial charges | 65/66B | €129 | €110 | -€19 | -14.8% |
| Recurring financial charges | 65 | €129 | €110 | -€19 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,415 | €1,016 | +€17,431 | |
| Income taxes | 67/77 | €150 | €138 | -€11 | -7.6% |
| Profit (loss) for the period | 9904 | -€16,565 | €878 | +€17,443 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,565 | €878 | +€17,443 |
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 28 October 2026 via checked.be.