GYNNICO: 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.
GYNNICO
Largest movements
- Current investments +€100,000
up €100,000 (+91.4%), from €109,400 to €209,400
- Cash +€67,340
up €67,340 (+65.6%), from €102,669 to €170,010
mainly Net result for the year (+€171,945) and Depreciation (+€6,189)
- Reserves +€171,945
up €171,945 (+75.3%), from €228,209 to €400,154
- Other debts -€11,994
down €11,994 (-28.3%), from €42,415 to €30,421
- Gross operating margin +€9,709
up €9,709 (+3.8%), from €256,486 to €266,195
- Staff costs -€8,830
down €8,830 (-58.5%), from €15,096 to €6,266
- Taxes +€6,068
up €6,068 (+8.1%), from €74,866 to €80,933
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 | €306,019 | €470,067 | +€164,048 | +53.6% |
| Fixed assets | 21/28 | €39,104 | €35,048 | -€4,056 | -10.4% |
| Tangible fixed assets | 22/27 | €36,604 | €32,548 | -€4,056 | -11.1% |
| Land and buildings | 22 | €453 | €339 | -€113 | -25.0% |
| Furniture and vehicles | 24 | €23,600 | €22,200 | -€1,400 | -5.9% |
| Other tangible fixed assets | 26 | €12,551 | €10,009 | -€2,542 | -20.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €266,915 | €435,019 | +€168,103 | +63.0% |
| Amounts receivable within one year | 40/41 | €47,990 | €47,779 | -€211 | -0.4% |
| Trade receivables | 40 | €45,080 | €43,414 | -€1,666 | -3.7% |
| Other amounts receivable | 41 | €2,910 | €4,365 | +€1,455 | +50.0% |
| Current investments | 50/53 | €109,400 | €209,400 | +€100,000 | +91.4% |
| Cash at bank and in hand | 54/58 | €102,669 | €170,010 | +€67,340 | +65.6% |
| Deferred charges and accrued income | 490/1 | €6,856 | €7,830 | +€974 | +14.2% |
| Total equity and liabilities | 10/49 | €306,019 | €470,067 | +€164,048 | +53.6% |
| Equity | 10/15 | €246,878 | €418,824 | +€171,945 | +69.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,209 | €400,154 | +€171,945 | +75.3% |
| Distributable reserves | 133 | €228,209 | €400,154 | +€171,945 | +75.3% |
| Profit (loss) carried forward | 14 | €70 | €70 | = | 0.0% |
| Amounts payable | 17/49 | €59,140 | €51,243 | -€7,898 | -13.4% |
| Amounts payable within one year | 42/48 | €59,140 | €51,243 | -€7,898 | -13.4% |
| Financial debts | 43 | €368 | €1,173 | +€806 | +219.1% |
| Credit institutions | 430/8 | €368 | €1,173 | +€806 | +219.1% |
| Trade debts | 44 | €2,693 | €3,126 | +€434 | +16.1% |
| Suppliers | 440/4 | €2,693 | €3,126 | +€434 | +16.1% |
| Taxes, remuneration and social security | 45 | €13,666 | €16,523 | +€2,857 | +20.9% |
| Taxes | 450/3 | €10,792 | €16,523 | +€5,731 | +53.1% |
| Remuneration and social security | 454/9 | €2,874 | - | -€2,874 | |
| Other amounts payable | 47/48 | €42,415 | €30,421 | -€11,994 | -28.3% |
| Remuneration, social security and pensions | 62 | €15,096 | €6,266 | -€8,830 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,822 | €6,189 | +€366 | +6.3% |
| Other operating charges | 640/8 | €1,527 | €1,609 | +€82 | +5.4% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €256,486 | €266,195 | +€9,709 | +3.8% |
| Operating profit (loss) | 9901 | €233,914 | €252,131 | +€18,217 | +7.8% |
| Financial income | 75/76B | €1,544 | €3,977 | +€2,432 | +157.5% |
| Recurring financial income | 75 | €1,544 | €3,977 | +€2,432 | +157.5% |
| Financial charges | 65/66B | €4,680 | €3,229 | -€1,451 | -31.0% |
| Recurring financial charges | 65 | €4,680 | €3,229 | -€1,451 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €230,778 | €252,879 | +€22,100 | +9.6% |
| Income taxes | 67/77 | €74,866 | €80,933 | +€6,068 | +8.1% |
| Profit (loss) for the period | 9904 | €155,913 | €171,945 | +€16,033 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €155,913 | €171,945 | +€16,033 | +10.3% |
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 12 October 2026 via checked.be.