GYSELS: 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.
GYSELS
Largest movements
- Cash +€23,702
up €23,702 (+258%), from €9,193 to €32,895
mainly Depreciation (+€80,750) and Net result for the year (+€42,369)
- Tangible fixed assets +€12,750
up €12,750 (+5.5%), from €232,467 to €245,217
of which Plant, machinery and equipment: +€52,623
- Receivables within one year +€8,774
up €8,774 (+52.9%), from €16,584 to €25,358
of which Trade receivables: +€13,231
- Reserves +€42,369
up €42,369 (+58.5%), from €72,403 to €114,772
- Trade debts +€17,060
up €17,060 (+843%), from €2,025 to €19,085
- Tax, wage and social debts -€7,213
down €7,213 (-36.3%), from €19,873 to €12,660
- Other debts -€6,765
down €6,765 (-4.1%), from €163,892 to €157,127
- Depreciation +€18,012
up €18,012 (+28.7%), from €62,738 to €80,750
- Gross operating margin +€6,321
up €6,321 (+4.9%), from €129,518 to €135,839
- Taxes -€2,446
down €2,446 (-19.2%), from €12,715 to €10,269
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 | €260,192 | €305,644 | +€45,452 | +17.5% |
| Fixed assets | 21/28 | €232,467 | €245,217 | +€12,750 | +5.5% |
| Tangible fixed assets | 22/27 | €232,467 | €245,217 | +€12,750 | +5.5% |
| Plant, machinery and equipment | 23 | €87,550 | €140,173 | +€52,623 | +60.1% |
| Furniture and vehicles | 24 | €135,730 | €97,169 | -€38,561 | -28.4% |
| Other tangible fixed assets | 26 | €9,188 | €7,875 | -€1,313 | -14.3% |
| Current assets | 29/58 | €27,725 | €60,427 | +€32,702 | +118% |
| Amounts receivable within one year | 40/41 | €16,584 | €25,358 | +€8,774 | +52.9% |
| Trade receivables | 40 | €12,127 | €25,358 | +€13,231 | +109% |
| Other amounts receivable | 41 | €4,457 | €0 | -€4,457 | -100% |
| Cash at bank and in hand | 54/58 | €9,193 | €32,895 | +€23,702 | +258% |
| Deferred charges and accrued income | 490/1 | €1,948 | €2,174 | +€226 | +11.6% |
| Total equity and liabilities | 10/49 | €260,192 | €305,644 | +€45,452 | +17.5% |
| Equity | 10/15 | €74,403 | €116,772 | +€42,369 | +56.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €72,403 | €114,772 | +€42,369 | +58.5% |
| Distributable reserves | 133 | €72,403 | €114,772 | +€42,369 | +58.5% |
| Amounts payable | 17/49 | €185,789 | €188,872 | +€3,082 | +1.7% |
| Amounts payable within one year | 42/48 | €185,789 | €188,872 | +€3,082 | +1.7% |
| Trade debts | 44 | €2,025 | €19,085 | +€17,060 | +843% |
| Suppliers | 440/4 | €2,025 | €19,085 | +€17,060 | +843% |
| Taxes, remuneration and social security | 45 | €19,873 | €12,660 | -€7,213 | -36.3% |
| Taxes | 450/3 | €19,873 | €12,660 | -€7,213 | -36.3% |
| Other amounts payable | 47/48 | €163,892 | €157,127 | -€6,765 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,738 | €80,750 | +€18,012 | +28.7% |
| Other operating charges | 640/8 | €2,440 | €1,720 | -€720 | -29.5% |
| Non-recurring operating charges | 66A | €500 | €0 | -€500 | -100% |
| Gross operating margin | 9900 | €129,518 | €135,839 | +€6,321 | +4.9% |
| Operating profit (loss) | 9901 | €63,840 | €53,369 | -€10,471 | -16.4% |
| Financial income | 75/76B | €5 | €0 | -€5 | -98.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -98.0% |
| Financial charges | 65/66B | €1,359 | €731 | -€628 | -46.2% |
| Recurring financial charges | 65 | €1,359 | €731 | -€628 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €62,486 | €52,638 | -€9,848 | -15.8% |
| Income taxes | 67/77 | €12,715 | €10,269 | -€2,446 | -19.2% |
| Profit (loss) for the period | 9904 | €49,772 | €42,369 | -€7,402 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,772 | €42,369 | -€7,402 | -14.9% |
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 19 October 2026 via checked.be.