GYNEGOYENS: 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.
GYNEGOYENS
Largest movements
- Intangible fixed assets +€165,300
new in 2025: €165,300
- Current investments +€50,000
new in 2025: €50,000
- Deferred charges and accrued income +€40,639
new in 2025: €40,639
- Receivables within one year +€22,485
up €22,485 (+182%), from €12,348 to €34,834
of which Trade receivables: +€12,233
- Cash +€6,952
up €6,952 (+10.8%), from €64,508 to €71,459
mainly Debts after one year (+€155,297) and Other debts (+€67,822)
- Debts after one year +€155,297
new in 2025: €155,297
- Other debts +€67,822
new in 2025: €67,822
- Profit (loss) carried forward +€45,479
up €45,479 (+89.9%), from €50,600 to €96,079
- Tax, wage and social debts +€14,116
up €14,116 (+107%), from €13,163 to €27,279
of which Taxes: +€11,366
- Current portion of long-term debt +€9,352
new in 2025: €9,352
- Gross operating margin +€33,452
up €33,452 (+50.9%), from €65,702 to €99,153
- Depreciation +€9,314
new in 2025: €9,314
- Financial charges +€3,419
up €3,419 (+186%), from €1,835 to €5,254
- Taxes -€1,797
down €1,797 (-13.7%), from €13,163 to €11,366
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 | €76,856 | €366,935 | +€290,079 | +377% |
| Fixed assets | 21/28 | - | €170,003 | +€170,003 | |
| Intangible fixed assets | 21 | - | €165,300 | +€165,300 | |
| Tangible fixed assets | 22/27 | - | €4,703 | +€4,703 | |
| Furniture and vehicles | 24 | - | €4,703 | +€4,703 | |
| Current assets | 29/58 | €76,856 | €196,932 | +€120,076 | +156% |
| Amounts receivable within one year | 40/41 | €12,348 | €34,834 | +€22,485 | +182% |
| Trade receivables | 40 | €9,189 | €21,422 | +€12,233 | +133% |
| Other amounts receivable | 41 | €3,159 | €13,412 | +€10,253 | +325% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €64,508 | €71,459 | +€6,952 | +10.8% |
| Deferred charges and accrued income | 490/1 | - | €40,639 | +€40,639 | |
| Total equity and liabilities | 10/49 | €76,856 | €366,935 | +€290,079 | +377% |
| Equity | 10/15 | €55,600 | €101,079 | +€45,479 | +81.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,600 | €96,079 | +€45,479 | +89.9% |
| Amounts payable | 17/49 | €21,256 | €265,856 | +€244,600 | +1,151% |
| Amounts payable after more than one year | 17 | - | €155,297 | +€155,297 | |
| Financial debts | 170/4 | - | €155,297 | +€155,297 | |
| Amounts payable within one year | 42/48 | €21,256 | €110,559 | +€89,303 | +420% |
| Current portion of amounts payable after more than one year | 42 | - | €9,352 | +€9,352 | |
| Trade debts | 44 | €8,093 | €6,106 | -€1,986 | -24.5% |
| Suppliers | 440/4 | €8,093 | €6,106 | -€1,986 | -24.5% |
| Taxes, remuneration and social security | 45 | €13,163 | €27,279 | +€14,116 | +107% |
| Taxes | 450/3 | €13,163 | €24,529 | +€11,366 | +86.3% |
| Remuneration and social security | 454/9 | - | €2,750 | +€2,750 | |
| Other amounts payable | 47/48 | - | €67,822 | +€67,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,314 | +€9,314 | |
| Other operating charges | 640/8 | €200 | €190 | -€9 | -4.7% |
| Non-recurring operating charges | 66A | - | €28,000 | +€28,000 | |
| Gross operating margin | 9900 | €65,702 | €99,153 | +€33,452 | +50.9% |
| Operating profit (loss) | 9901 | €65,502 | €61,650 | -€3,852 | -5.9% |
| Financial income | 75/76B | €96 | €449 | +€353 | +369% |
| Recurring financial income | 75 | €96 | €449 | +€353 | +369% |
| Financial charges | 65/66B | €1,835 | €5,254 | +€3,419 | +186% |
| Recurring financial charges | 65 | €1,835 | €5,254 | +€3,419 | +186% |
| Profit (loss) for the period before taxes | 9903 | €63,763 | €56,845 | -€6,918 | -10.8% |
| Income taxes | 67/77 | €13,163 | €11,366 | -€1,797 | -13.7% |
| Profit (loss) for the period | 9904 | €50,600 | €45,479 | -€5,120 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,600 | €45,479 | -€5,120 | -10.1% |
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 31 October 2026 via checked.be.