GYPSTO: what changed
What changed
GYPSTO
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€65,829
2024 · €44,685-€110,515
Equity
-€94,803
2024 · -€28,974-€65,829
Cash
€6,547
2024 · €6,547
Balance sheet total
€579,052
2024 · €877,563-€298,510
Largest movements
Assets
- Stocks and contracts -€146,639
down €146,639 (-93.5%), from €156,817 to €10,178
of which Contracts in progress: -€108,014
- Receivables within one year -€130,654
down €130,654 (-29.9%), from €437,430 to €306,776
of which Trade receivables: -€155,189
- Tangible fixed assets -€17,108
down €17,108 (-6.3%), from €272,208 to €255,100
Equity and liabilities
- Trade debts -€172,618
down €172,618 (-36.6%), from €472,122 to €299,504
- Profit (loss) carried forward -€65,829
down €65,829 (-41.3%), from -€159,434 to -€225,263
- Other debts -€57,367
down €57,367 (-98.8%), from €58,072 to €705
- Debts after one year -€19,573
down €19,573 (-15.0%), from €130,848 to €111,275
- Tax, wage and social debts +€10,531
up €10,531 (+42.0%), from €25,077 to €35,608
of which Taxes: +€12,764
Income statement
- Gross operating margin -€270,102
down €270,102 (-91.3%), from €295,796 to €25,694
- Staff costs -€161,218
down €161,218 (-82.0%), from €196,584 to €35,366
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.
Result 2024
€44,685
Gross operating margin
-€270,102
Staff costs
+€161,218
Depreciation
+€703
Other operating charges
+€511
Financial income
-€18
Financial charges
-€2,845
Taxes
+€18
Result 2025
-€65,829
raises the resultlowers the result
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.
From operations
+€20,191
Investment
-€3,154
Financing
-€17,037
Cash 2024
€6,547
From operations (derived)
+€20,191
Net result for the year
-€65,829
Depreciation
+€20,262
Stocks and contracts
+€146,639
Receivables within one year
+€130,654
Deferred charges and accrued income
+€4,110
Trade debts
-€172,618
Tax, wage and social debts
+€10,531
Other debts
-€57,367
Accrued charges and deferred income
+€3,810
Investment (derived)
-€3,154
Investment in fixed assets (net)
-€3,154
Financing
-€17,037
Debts after one year
-€19,573
Current portion of long-term debt
+€488
Short-term financial debts
+€2,048
Cash 2025
€6,547
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €877,563 | €579,052 | -€298,510 | -34.0% |
| Fixed assets | 21/28 | €272,351 | €255,243 | -€17,108 | -6.3% |
| Tangible fixed assets | 22/27 | €272,208 | €255,100 | -€17,108 | -6.3% |
| Land and buildings | 22 | €204,092 | €197,648 | -€6,444 | -3.2% |
| Plant, machinery and equipment | 23 | €9,601 | €9,124 | -€477 | -5.0% |
| Furniture and vehicles | 24 | €11,181 | €6,254 | -€4,927 | -44.1% |
| Other tangible fixed assets | 26 | €47,334 | €42,074 | -€5,259 | -11.1% |
| Financial fixed assets | 28 | €143 | €143 | = | 0.0% |
| Current assets | 29/58 | €605,212 | €323,809 | -€281,403 | -46.5% |
| Stocks and contracts in progress | 3 | €156,817 | €10,178 | -€146,639 | -93.5% |
| Stocks | 30/36 | €38,625 | - | -€38,625 | |
| Contracts in progress | 37 | €118,192 | €10,178 | -€108,014 | -91.4% |
| Amounts receivable within one year | 40/41 | €437,430 | €306,776 | -€130,654 | -29.9% |
| Trade receivables | 40 | €417,877 | €262,688 | -€155,189 | -37.1% |
| Other amounts receivable | 41 | €19,553 | €44,088 | +€24,536 | +125% |
| Cash at bank and in hand | 54/58 | €6,547 | €6,547 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,418 | €308 | -€4,110 | -93.0% |
| Total equity and liabilities | 10/49 | €877,563 | €579,052 | -€298,510 | -34.0% |
| Equity | 10/15 | -€28,974 | -€94,803 | -€65,829 | -227% |
| Contributions | 10/11 | €128,600 | €128,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,434 | -€225,263 | -€65,829 | -41.3% |
| Amounts payable | 17/49 | €906,537 | €673,855 | -€232,681 | -25.7% |
| Amounts payable after more than one year | 17 | €130,848 | €111,275 | -€19,573 | -15.0% |
| Financial debts | 170/4 | €130,848 | €111,275 | -€19,573 | -15.0% |
| Amounts payable within one year | 42/48 | €775,488 | €558,570 | -€216,918 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €19,085 | €19,573 | +€488 | +2.6% |
| Financial debts | 43 | €176,131 | €178,180 | +€2,048 | +1.2% |
| Credit institutions | 430/8 | €176,131 | €178,180 | +€2,048 | +1.2% |
| Trade debts | 44 | €472,122 | €299,504 | -€172,618 | -36.6% |
| Suppliers | 440/4 | €472,122 | €299,504 | -€172,618 | -36.6% |
| Advances received on contracts in progress | 46 | €25,000 | €25,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €25,077 | €35,608 | +€10,531 | +42.0% |
| Taxes | 450/3 | €22,844 | €35,608 | +€12,764 | +55.9% |
| Remuneration and social security | 454/9 | €2,233 | - | -€2,233 | |
| Other amounts payable | 47/48 | €58,072 | €705 | -€57,367 | -98.8% |
| Accrued charges and deferred income | 492/3 | €200 | €4,010 | +€3,810 | +1,902% |
| Remuneration, social security and pensions | 62 | €196,584 | €35,366 | -€161,218 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,965 | €20,262 | -€703 | -3.4% |
| Other operating charges | 640/8 | €3,393 | €2,881 | -€511 | -15.1% |
| Gross operating margin | 9900 | €295,796 | €25,694 | -€270,102 | -91.3% |
| Operating profit (loss) | 9901 | €74,855 | -€32,815 | -€107,670 | |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €29,793 | €32,638 | +€2,845 | +9.5% |
| Recurring financial charges | 65 | €29,793 | €32,103 | +€2,310 | +7.8% |
| Non-recurring financial charges | 66B | - | €535 | +€535 | |
| Profit (loss) for the period before taxes | 9903 | €45,079 | -€65,454 | -€110,533 | |
| Income taxes | 67/77 | €394 | €376 | -€18 | -4.7% |
| Profit (loss) for the period | 9904 | €44,685 | -€65,829 | -€110,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,685 | -€65,829 | -€110,515 |
Next steps
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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.