GYREX: 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.
GYREX
Largest movements
- Stocks and contracts -€49,374
down €49,374 (-27.7%), from €177,983 to €128,609
of which Stocks: -€51,391
- Cash +€40,475
up €40,475 (+104%), from €39,022 to €79,497
mainly Current portion of long-term debt (+€75,000) and Stocks and contracts (+€49,374)
- Receivables within one year +€13,670
up €13,670 (+20.7%), from €66,154 to €79,824
of which Trade receivables: +€12,699
- Other debts -€114,119
down €114,119 (-87.6%), from €130,318 to €16,199
- Current portion of long-term debt +€75,000
new in 2025: €75,000
- Tax, wage and social debts +€21,680
up €21,680 (+73.5%), from €29,486 to €51,167
of which Taxes: +€21,413
- Reserves +€16,885
up €16,885 (+44.2%), from €38,238 to €55,123
- Trade debts +€3,829
up €3,829 (+5.3%), from €71,611 to €75,441
- Gross operating margin -€15,017
down €15,017 (-12.7%), from €117,814 to €102,797
- Taxes -€5,356
down €5,356 (-33.9%), from €15,809 to €10,453
- Financial charges +€4,501
up €4,501 (+29.4%), from €15,308 to €19,809
- Staff costs +€2,686
up €2,686 (+5.3%), from €50,857 to €53,543
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 | €284,654 | €287,930 | +€3,276 | +1.2% |
| Fixed assets | 21/28 | €1,494 | - | -€1,494 | |
| Tangible fixed assets | 22/27 | €1,494 | - | -€1,494 | |
| Plant, machinery and equipment | 23 | €999 | - | -€999 | |
| Furniture and vehicles | 24 | €495 | - | -€495 | |
| Current assets | 29/58 | €283,160 | €287,930 | +€4,770 | +1.7% |
| Stocks and contracts in progress | 3 | €177,983 | €128,609 | -€49,374 | -27.7% |
| Stocks | 30/36 | €150,000 | €98,609 | -€51,391 | -34.3% |
| Contracts in progress | 37 | €27,983 | €30,000 | +€2,017 | +7.2% |
| Amounts receivable within one year | 40/41 | €66,154 | €79,824 | +€13,670 | +20.7% |
| Trade receivables | 40 | €63,304 | €76,004 | +€12,699 | +20.1% |
| Other amounts receivable | 41 | €2,850 | €3,820 | +€970 | +34.0% |
| Cash at bank and in hand | 54/58 | €39,022 | €79,497 | +€40,475 | +104% |
| Total equity and liabilities | 10/49 | €284,654 | €287,930 | +€3,276 | +1.2% |
| Equity | 10/15 | €53,238 | €70,123 | +€16,885 | +31.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €38,238 | €55,123 | +€16,885 | +44.2% |
| Distributable reserves | 133 | €38,238 | €55,123 | +€16,885 | +44.2% |
| Amounts payable | 17/49 | €231,416 | €217,806 | -€13,609 | -5.9% |
| Amounts payable within one year | 42/48 | €231,416 | €217,806 | -€13,609 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €71,611 | €75,441 | +€3,829 | +5.3% |
| Suppliers | 440/4 | €71,611 | €75,441 | +€3,829 | +5.3% |
| Taxes, remuneration and social security | 45 | €29,486 | €51,167 | +€21,680 | +73.5% |
| Taxes | 450/3 | €22,021 | €43,434 | +€21,413 | +97.2% |
| Remuneration and social security | 454/9 | €7,465 | €7,733 | +€267 | +3.6% |
| Other amounts payable | 47/48 | €130,318 | €16,199 | -€114,119 | -87.6% |
| Non-recurring operating income | 76A | €4,052 | - | -€4,052 | |
| Remuneration, social security and pensions | 62 | €50,857 | €53,543 | +€2,686 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,804 | €1,494 | -€309 | -17.2% |
| Other operating charges | 640/8 | €1,560 | €1,023 | -€537 | -34.4% |
| Gross operating margin | 9900 | €117,814 | €102,797 | -€15,017 | -12.7% |
| Operating profit (loss) | 9901 | €63,594 | €46,737 | -€16,857 | -26.5% |
| Financial income | 75/76B | €273 | €410 | +€137 | +50.2% |
| Recurring financial income | 75 | €273 | €410 | +€137 | +50.2% |
| Financial charges | 65/66B | €15,308 | €19,809 | +€4,501 | +29.4% |
| Recurring financial charges | 65 | €15,308 | €19,809 | +€4,501 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €48,559 | €27,338 | -€21,221 | -43.7% |
| Income taxes | 67/77 | €15,809 | €10,453 | -€5,356 | -33.9% |
| Profit (loss) for the period | 9904 | €32,750 | €16,885 | -€15,864 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,750 | €16,885 | -€15,864 | -48.4% |
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 21 October 2026 via checked.be.