Gypsy Hearts: 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.
Gypsy Hearts
Largest movements
- Cash -€24,265
down €24,265 (-10.7%), from €226,533 to €202,268
mainly Contributions, distributions and other (-€270,963) and Investment in fixed assets (net) (-€9,152)
- Tangible fixed assets -€4,723
down €4,723 (-17.3%), from €27,300 to €22,577
of which Furniture and vehicles: -€6,057
- Receivables within one year -€3,227
down €3,227 (-13.4%), from €24,057 to €20,830
of which Trade receivables: -€5,318
- Reserves -€255,798
no longer reported in 2025 (was €255,798)
- Other debts +€236,701
new in 2025: €236,701
- Debts after one year -€8,920
no longer reported in 2025 (was €8,920)
- Tax, wage and social debts -€5,874
down €5,874 (-76.3%), from €7,698 to €1,825
- Gross operating margin -€57,138
down €57,138 (-61.4%), from €93,094 to €35,956
- Taxes -€12,091
down €12,091 (-71.5%), from €16,909 to €4,819
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 | €280,099 | €247,691 | -€32,407 | -11.6% |
| Fixed assets | 21/28 | €27,700 | €22,977 | -€4,723 | -17.0% |
| Tangible fixed assets | 22/27 | €27,300 | €22,577 | -€4,723 | -17.3% |
| Plant, machinery and equipment | 23 | €796 | €2,130 | +€1,334 | +168% |
| Furniture and vehicles | 24 | €26,504 | €20,447 | -€6,057 | -22.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €252,399 | €224,714 | -€27,685 | -11.0% |
| Amounts receivable within one year | 40/41 | €24,057 | €20,830 | -€3,227 | -13.4% |
| Trade receivables | 40 | €20,967 | €15,649 | -€5,318 | -25.4% |
| Other amounts receivable | 41 | €3,091 | €5,181 | +€2,091 | +67.6% |
| Cash at bank and in hand | 54/58 | €226,533 | €202,268 | -€24,265 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,809 | €1,616 | -€193 | -10.7% |
| Total equity and liabilities | 10/49 | €280,099 | €247,691 | -€32,407 | -11.6% |
| Equity | 10/15 | €260,798 | €5,000 | -€255,798 | -98.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €255,798 | - | -€255,798 | |
| Distributable reserves | 133 | €255,798 | - | -€255,798 | |
| Amounts payable | 17/49 | €19,300 | €242,691 | +€223,391 | +1,157% |
| Amounts payable after more than one year | 17 | €8,920 | - | -€8,920 | |
| Financial debts | 170/4 | €8,920 | - | -€8,920 | |
| Amounts payable within one year | 42/48 | €9,116 | €241,365 | +€232,249 | +2,548% |
| Trade debts | 44 | €1,418 | €2,840 | +€1,422 | +100% |
| Suppliers | 440/4 | €1,418 | €2,840 | +€1,422 | +100% |
| Taxes, remuneration and social security | 45 | €7,698 | €1,825 | -€5,874 | -76.3% |
| Taxes | 450/3 | €7,698 | €1,825 | -€5,874 | -76.3% |
| Other amounts payable | 47/48 | - | €236,701 | +€236,701 | |
| Accrued charges and deferred income | 492/3 | €1,264 | €1,326 | +€62 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,618 | €13,875 | +€257 | +1.9% |
| Other operating charges | 640/8 | €958 | €1,870 | +€912 | +95.2% |
| Gross operating margin | 9900 | €93,094 | €35,956 | -€57,138 | -61.4% |
| Operating profit (loss) | 9901 | €78,517 | €20,211 | -€58,307 | -74.3% |
| Financial income | 75/76B | €15 | €1 | -€15 | -96.1% |
| Recurring financial income | 75 | €15 | €1 | -€15 | -96.1% |
| Financial charges | 65/66B | €125 | €228 | +€103 | +82.7% |
| Recurring financial charges | 65 | €125 | €228 | +€103 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €78,408 | €19,984 | -€58,424 | -74.5% |
| Income taxes | 67/77 | €16,909 | €4,819 | -€12,091 | -71.5% |
| Profit (loss) for the period | 9904 | €61,499 | €15,165 | -€46,334 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,499 | €15,165 | -€46,334 | -75.3% |
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 26 October 2026 via checked.be.