GYSEMBERG: 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.
GYSEMBERG
Largest movements
- Stocks and contracts +€53,960
up €53,960 (+17.0%), from €317,080 to €371,040
- Receivables within one year -€8,716
down €8,716 (-54.5%), from €15,992 to €7,276
of which Trade receivables: -€7,709
- Reserves +€38,594
up €38,594 (+15.3%), from €252,973 to €291,566
- Tax, wage and social debts +€8,680
up €8,680 (+59.1%), from €14,690 to €23,370
of which Taxes: +€8,484
- Gross operating margin +€13,855
up €13,855 (+27.8%), from €49,752 to €63,607
- Taxes +€7,117
up €7,117 (+53.8%), from €13,217 to €20,334
- Financial charges -€750
down €750 (-17.9%), from €4,200 to €3,451
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 | €363,025 | €408,437 | +€45,412 | +12.5% |
| Fixed assets | 21/28 | €13,012 | €12,989 | -€23 | -0.2% |
| Tangible fixed assets | 22/27 | €2,078 | €2,055 | -€23 | -1.1% |
| Plant, machinery and equipment | 23 | €2,078 | €1,324 | -€754 | -36.3% |
| Furniture and vehicles | 24 | - | €731 | +€731 | |
| Financial fixed assets | 28 | €10,934 | €10,934 | = | 0.0% |
| Current assets | 29/58 | €350,012 | €395,448 | +€45,435 | +13.0% |
| Amounts receivable after more than one year | 29 | €15,072 | €15,072 | = | 0.0% |
| Other amounts receivable | 291 | €15,072 | €15,072 | = | 0.0% |
| Stocks and contracts in progress | 3 | €317,080 | €371,040 | +€53,960 | +17.0% |
| Stocks | 30/36 | €317,080 | €371,040 | +€53,960 | +17.0% |
| Amounts receivable within one year | 40/41 | €15,992 | €7,276 | -€8,716 | -54.5% |
| Trade receivables | 40 | €12,252 | €4,543 | -€7,709 | -62.9% |
| Other amounts receivable | 41 | €3,739 | €2,733 | -€1,006 | -26.9% |
| Cash at bank and in hand | 54/58 | €1,869 | €1,038 | -€830 | -44.4% |
| Deferred charges and accrued income | 490/1 | - | €1,021 | +€1,021 | |
| Total equity and liabilities | 10/49 | €363,025 | €408,437 | +€45,412 | +12.5% |
| Equity | 10/15 | €271,565 | €310,158 | +€38,594 | +14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €252,973 | €291,566 | +€38,594 | +15.3% |
| Distributable reserves | 133 | €252,973 | €291,566 | +€38,594 | +15.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €91,460 | €98,278 | +€6,818 | +7.5% |
| Amounts payable within one year | 42/48 | €91,460 | €98,278 | +€6,818 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €13,149 | €15,811 | +€2,663 | +20.3% |
| Credit institutions | 430/8 | €13,149 | €15,811 | +€2,663 | +20.3% |
| Trade debts | 44 | €61,455 | €58,597 | -€2,858 | -4.6% |
| Suppliers | 440/4 | €61,455 | €58,597 | -€2,858 | -4.6% |
| Advances received on contracts in progress | 46 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,690 | €23,370 | +€8,680 | +59.1% |
| Taxes | 450/3 | €14,690 | €23,174 | +€8,484 | +57.8% |
| Remuneration and social security | 454/9 | - | €196 | +€196 | |
| Other amounts payable | 47/48 | €1,667 | €0 | -€1,667 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €862 | +€52 | +6.4% |
| Other operating charges | 640/8 | €1,302 | €1,030 | -€272 | -20.9% |
| Gross operating margin | 9900 | €49,752 | €63,607 | +€13,855 | +27.8% |
| Operating profit (loss) | 9901 | €47,640 | €61,715 | +€14,075 | +29.5% |
| Financial income | 75/76B | €734 | €663 | -€70 | -9.6% |
| Recurring financial income | 75 | €734 | €663 | -€70 | -9.6% |
| Financial charges | 65/66B | €4,200 | €3,451 | -€750 | -17.9% |
| Recurring financial charges | 65 | €4,200 | €3,451 | -€750 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €44,173 | €58,928 | +€14,755 | +33.4% |
| Income taxes | 67/77 | €13,217 | €20,334 | +€7,117 | +53.8% |
| Profit (loss) for the period | 9904 | €30,956 | €38,594 | +€7,638 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,956 | €38,594 | +€7,638 | +24.7% |
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 13 October 2026 via checked.be.