GYPA: 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.
GYPA
Largest movements
- Cash +€23,994
up €23,994 (+70.4%), from €34,080 to €58,074
mainly Net result for the year (+€37,146) and Depreciation (+€22,022)
- Tangible fixed assets -€22,022
down €22,022 (-6.4%), from €344,348 to €322,325
of which Land and buildings: -€12,600
- Receivables within one year +€10,033
up €10,033 (+1,208%), from €830 to €10,863
- Stocks and contracts +€4,717
up €4,717 (+8.9%), from €53,240 to €57,957
- Debts after one year -€27,167
down €27,167 (-14.9%), from €182,794 to €155,627
- Reserves +€20,000
up €20,000 (+942%), from €2,124 to €22,124
of which Distributable reserves: +€20,000
- Profit (loss) carried forward +€17,146
up €17,146 (+61.5%), from €27,902 to €45,048
- Other debts -€13,831
down €13,831 (-9.1%), from €152,038 to €138,206
- Accrued charges and deferred income +€8,407
new in 2025: €8,407
- Gross operating margin +€39,894
up €39,894 (+24.6%), from €162,347 to €202,241
- Financial charges +€10,865
up €10,865 (+71.3%), from €15,239 to €26,105
- Depreciation +€3,904
up €3,904 (+21.5%), from €18,118 to €22,022
- Taxes +€3,154
up €3,154 (+27.8%), from €11,346 to €14,500
- Staff costs -€2,100
down €2,100 (-2.1%), from €101,393 to €99,293
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 | €438,600 | €455,322 | +€16,722 | +3.8% |
| Fixed assets | 21/28 | €350,450 | €328,427 | -€22,022 | -6.3% |
| Tangible fixed assets | 22/27 | €344,348 | €322,325 | -€22,022 | -6.4% |
| Land and buildings | 22 | €286,489 | €273,889 | -€12,600 | -4.4% |
| Plant, machinery and equipment | 23 | €10,301 | €7,286 | -€3,015 | -29.3% |
| Furniture and vehicles | 24 | €47,557 | €41,150 | -€6,407 | -13.5% |
| Financial fixed assets | 28 | €6,102 | €6,102 | = | 0.0% |
| Current assets | 29/58 | €88,150 | €126,894 | +€38,744 | +44.0% |
| Stocks and contracts in progress | 3 | €53,240 | €57,957 | +€4,717 | +8.9% |
| Stocks | 30/36 | €53,240 | €57,957 | +€4,717 | +8.9% |
| Amounts receivable within one year | 40/41 | €830 | €10,863 | +€10,033 | +1,208% |
| Trade receivables | 40 | €830 | €10,863 | +€10,033 | +1,208% |
| Cash at bank and in hand | 54/58 | €34,080 | €58,074 | +€23,994 | +70.4% |
| Total equity and liabilities | 10/49 | €438,600 | €455,322 | +€16,722 | +3.8% |
| Equity | 10/15 | €48,060 | €85,206 | +€37,146 | +77.3% |
| Contributions | 10/11 | €18,033 | €18,033 | = | 0.0% |
| Reserves | 13 | €2,124 | €22,124 | +€20,000 | +942% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €264 | €20,264 | +€20,000 | +7,570% |
| Profit (loss) carried forward | 14 | €27,902 | €45,048 | +€17,146 | +61.5% |
| Amounts payable | 17/49 | €390,540 | €370,116 | -€20,424 | -5.2% |
| Amounts payable after more than one year | 17 | €182,794 | €155,627 | -€27,167 | -14.9% |
| Financial debts | 170/4 | €182,794 | €155,627 | -€27,167 | -14.9% |
| Amounts payable within one year | 42/48 | €207,746 | €206,082 | -€1,664 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €26,105 | €27,167 | +€1,062 | +4.1% |
| Trade debts | 44 | €2,416 | €9,225 | +€6,809 | +282% |
| Suppliers | 440/4 | €2,416 | €9,225 | +€6,809 | +282% |
| Taxes, remuneration and social security | 45 | €27,188 | €31,485 | +€4,296 | +15.8% |
| Taxes | 450/3 | €9,027 | €23,449 | +€14,421 | +160% |
| Remuneration and social security | 454/9 | €18,161 | €8,036 | -€10,125 | -55.8% |
| Other amounts payable | 47/48 | €152,038 | €138,206 | -€13,831 | -9.1% |
| Accrued charges and deferred income | 492/3 | - | €8,407 | +€8,407 | |
| Remuneration, social security and pensions | 62 | €101,393 | €99,293 | -€2,100 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,118 | €22,022 | +€3,904 | +21.5% |
| Other operating charges | 640/8 | €3,834 | €3,181 | -€653 | -17.0% |
| Gross operating margin | 9900 | €162,347 | €202,241 | +€39,894 | +24.6% |
| Operating profit (loss) | 9901 | €39,003 | €77,745 | +€38,743 | +99.3% |
| Financial income | 75/76B | €699 | €6 | -€694 | -99.2% |
| Recurring financial income | 75 | €699 | €6 | -€694 | -99.2% |
| Financial charges | 65/66B | €15,239 | €26,105 | +€10,865 | +71.3% |
| Recurring financial charges | 65 | €15,239 | €26,105 | +€10,865 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €24,462 | €51,646 | +€27,184 | +111% |
| Income taxes | 67/77 | €11,346 | €14,500 | +€3,154 | +27.8% |
| Profit (loss) for the period | 9904 | €13,116 | €37,146 | +€24,030 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €13,116 | €37,146 | +€24,030 | +183% |
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.