GYP-STYLE: what changed
GYP-STYLE
Largest movements
- Receivables within one year +€55,684
up €55,684 (+74.2%), from €75,005 to €130,688
of which Trade receivables: +€63,023
- Cash -€54,855
down €54,855 (-53.1%), from €103,270 to €48,415
mainly Receivables within one year (-€55,684) and Tax, wage and social debts (-€6,479)
- Tangible fixed assets -€8,390
down €8,390 (-28.1%), from €29,807 to €21,418
of which Furniture and vehicles: -€12,949
- Trade debts +€8,456
up €8,456 (+781%), from €1,083 to €9,539
- Tax, wage and social debts -€6,479
down €6,479 (-72.0%), from €9,005 to €2,525
- Current portion of long-term debt -€5,691
down €5,691 (-63.5%), from €8,969 to €3,277
- Debts after one year -€3,277
no longer reported in 2025 (was €3,277)
- Other debts -€3,140
down €3,140 (-25.2%), from €12,467 to €9,328
- Gross operating margin +€5,784
up €5,784 (+38.9%), from €14,872 to €20,656
- Depreciation +€2,502
up €2,502 (+22.7%), from €11,009 to €13,510
- Taxes +€1,196
up €1,196 (+87.3%), from €1,369 to €2,565
- Financial charges -€917
down €917 (-50.0%), from €1,835 to €917
- Other operating charges +€506
up €506 (+59.1%), from €857 to €1,363
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,890 | €208,329 | -€7,560 | -3.5% |
| Fixed assets | 21/28 | €34,807 | €26,418 | -€8,390 | -24.1% |
| Tangible fixed assets | 22/27 | €29,807 | €21,418 | -€8,390 | -28.1% |
| Plant, machinery and equipment | 23 | - | €4,559 | +€4,559 | |
| Furniture and vehicles | 24 | €29,807 | €16,858 | -€12,949 | -43.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €181,082 | €181,911 | +€829 | +0.5% |
| Amounts receivable within one year | 40/41 | €75,005 | €130,688 | +€55,684 | +74.2% |
| Trade receivables | 40 | €66,666 | €129,689 | +€63,023 | +94.5% |
| Other amounts receivable | 41 | €8,339 | €999 | -€7,339 | -88.0% |
| Current investments | 50/53 | €2,807 | €2,807 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,270 | €48,415 | -€54,855 | -53.1% |
| Total equity and liabilities | 10/49 | €215,890 | €208,329 | -€7,560 | -3.5% |
| Equity | 10/15 | €181,089 | €183,660 | +€2,571 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,110 | €122,110 | = | 0.0% |
| Distributable reserves | 133 | €122,110 | €122,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,779 | €55,350 | +€2,571 | +4.9% |
| Amounts payable | 17/49 | €34,801 | €24,669 | -€10,132 | -29.1% |
| Amounts payable after more than one year | 17 | €3,277 | - | -€3,277 | |
| Financial debts | 170/4 | €3,277 | - | -€3,277 | |
| Amounts payable within one year | 42/48 | €31,524 | €24,669 | -€6,855 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €8,969 | €3,277 | -€5,691 | -63.5% |
| Trade debts | 44 | €1,083 | €9,539 | +€8,456 | +781% |
| Suppliers | 440/4 | €1,083 | €9,539 | +€8,456 | +781% |
| Taxes, remuneration and social security | 45 | €9,005 | €2,525 | -€6,479 | -72.0% |
| Taxes | 450/3 | €9,005 | €2,525 | -€6,479 | -72.0% |
| Other amounts payable | 47/48 | €12,467 | €9,328 | -€3,140 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,009 | €13,510 | +€2,502 | +22.7% |
| Other operating charges | 640/8 | €857 | €1,363 | +€506 | +59.1% |
| Gross operating margin | 9900 | €14,872 | €20,656 | +€5,784 | +38.9% |
| Operating profit (loss) | 9901 | €3,006 | €5,783 | +€2,776 | +92.3% |
| Financial income | 75/76B | €321 | €271 | -€50 | -15.6% |
| Recurring financial income | 75 | €321 | €271 | -€50 | -15.6% |
| Financial charges | 65/66B | €1,835 | €917 | -€917 | -50.0% |
| Recurring financial charges | 65 | €1,835 | €917 | -€917 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €1,493 | €5,136 | +€3,643 | +244% |
| Income taxes | 67/77 | €1,369 | €2,565 | +€1,196 | +87.3% |
| Profit (loss) for the period | 9904 | €124 | €2,571 | +€2,448 | +1,979% |
| Profit (loss) for the period to be appropriated | 9905 | €124 | €2,571 | +€2,448 | +1,979% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.