GYNIM: 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.
GYNIM
Largest movements
- Deferred charges and accrued income +€61,519
up €61,519 (+7.5%), from €825,731 to €887,250
- Receivables within one year +€45,374
up €45,374 (+36.2%), from €125,277 to €170,651
of which Trade receivables: +€33,893
- Tangible fixed assets +€29,868
up €29,868 (+14.1%), from €211,553 to €241,421
of which Plant, machinery and equipment: +€51,913
- Other debts +€207,772
up €207,772 (+26.9%), from €772,950 to €980,722
- Current portion of long-term debt -€35,275
down €35,275 (-55.9%), from €63,109 to €27,834
- Accrued charges and deferred income +€25,607
up €25,607 (+76.6%), from €33,414 to €59,021
- Debts after one year -€24,185
down €24,185 (-15.3%), from €158,495 to €134,310
- Short-term financial debts -€20,257
down €20,257 (-100%), from €20,257 to €0
- Gross operating margin -€332,563
down €332,563 (-76.7%), from €433,506 to €100,943
- Staff costs -€327,576
down €327,576 (-100%), from €327,576 to €0
- Depreciation -€8,890
down €8,890 (-11.0%), from €80,494 to €71,604
- Other operating charges +€4,582
up €4,582 (+104%), from €4,414 to €8,996
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 | €1,164,356 | €1,311,835 | +€147,478 | +12.7% |
| Fixed assets | 21/28 | €211,553 | €241,421 | +€29,868 | +14.1% |
| Tangible fixed assets | 22/27 | €211,553 | €241,421 | +€29,868 | +14.1% |
| Land and buildings | 22 | €105,649 | €90,240 | -€15,409 | -14.6% |
| Plant, machinery and equipment | 23 | €67,804 | €119,717 | +€51,913 | +76.6% |
| Furniture and vehicles | 24 | €3,368 | €7,660 | +€4,292 | +127% |
| Leasing and similar rights | 25 | €34,732 | €23,804 | -€10,929 | -31.5% |
| Current assets | 29/58 | €952,803 | €1,070,414 | +€117,611 | +12.3% |
| Amounts receivable within one year | 40/41 | €125,277 | €170,651 | +€45,374 | +36.2% |
| Trade receivables | 40 | €36,357 | €70,250 | +€33,893 | +93.2% |
| Other amounts receivable | 41 | €88,921 | €100,401 | +€11,481 | +12.9% |
| Cash at bank and in hand | 54/58 | €1,794 | €12,512 | +€10,718 | +597% |
| Deferred charges and accrued income | 490/1 | €825,731 | €887,250 | +€61,519 | +7.5% |
| Total equity and liabilities | 10/49 | €1,164,356 | €1,311,835 | +€147,478 | +12.7% |
| Equity | 10/15 | €96,660 | €99,345 | +€2,685 | +2.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €59,476 | €62,161 | +€2,685 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €59,476 | €62,161 | +€2,685 | +4.5% |
| Amounts payable | 17/49 | €1,067,696 | €1,212,490 | +€144,794 | +13.6% |
| Amounts payable after more than one year | 17 | €158,495 | €134,310 | -€24,185 | -15.3% |
| Financial debts | 170/4 | €158,495 | €134,310 | -€24,185 | -15.3% |
| Amounts payable within one year | 42/48 | €875,787 | €1,019,159 | +€143,372 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €63,109 | €27,834 | -€35,275 | -55.9% |
| Financial debts | 43 | €20,257 | €0 | -€20,257 | -100% |
| Credit institutions | 430/8 | €20,257 | €0 | -€20,257 | -100% |
| Trade debts | 44 | €19,472 | €10,588 | -€8,884 | -45.6% |
| Suppliers | 440/4 | €19,472 | €10,588 | -€8,884 | -45.6% |
| Taxes, remuneration and social security | 45 | - | €16 | +€16 | |
| Taxes | 450/3 | - | €16 | +€16 | |
| Other amounts payable | 47/48 | €772,950 | €980,722 | +€207,772 | +26.9% |
| Accrued charges and deferred income | 492/3 | €33,414 | €59,021 | +€25,607 | +76.6% |
| Remuneration, social security and pensions | 62 | €327,576 | €0 | -€327,576 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,494 | €71,604 | -€8,890 | -11.0% |
| Other operating charges | 640/8 | €4,414 | €8,996 | +€4,582 | +104% |
| Gross operating margin | 9900 | €433,506 | €100,943 | -€332,563 | -76.7% |
| Operating profit (loss) | 9901 | €21,021 | €20,343 | -€678 | -3.2% |
| Financial income | 75/76B | €1 | €17 | +€17 | +3,298% |
| Recurring financial income | 75 | €1 | €17 | +€17 | +3,298% |
| Financial charges | 65/66B | €17,163 | €17,656 | +€493 | +2.9% |
| Recurring financial charges | 65 | €17,163 | €17,656 | +€493 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €3,858 | €2,704 | -€1,155 | -29.9% |
| Income taxes | 67/77 | €0 | €19 | +€19 | |
| Profit (loss) for the period | 9904 | €3,858 | €2,685 | -€1,174 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,858 | €2,685 | -€1,174 | -30.4% |
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.