JEFFREY GYDÉ: 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.
JEFFREY GYDÉ
Largest movements
- Cash +€30,966
up €30,966 (+75.6%), from €40,945 to €71,911
mainly Net result for the year (+€34,003) and Other debts (+€28,679)
- Receivables within one year -€6,813
down €6,813 (-12.8%), from €53,084 to €46,271
of which Other amounts receivable: -€6,659
- Deferred charges and accrued income +€2,292
new in 2025: €2,292
- Tangible fixed assets -€2,153
down €2,153 (-57.6%), from €3,741 to €1,588
of which Plant, machinery and equipment: -€1,146
- Other debts +€28,679
up €28,679 (+122%), from €23,541 to €52,220
- Trade debts -€8,977
down €8,977 (-31.3%), from €28,709 to €19,732
- Profit (loss) carried forward +€4,217
no longer reported in 2025 (was -€4,217)
- Tax, wage and social debts +€2,266
up €2,266 (+8.9%), from €25,523 to €27,788
of which Taxes: +€11,924
- Reserves -€1,893
down €1,893 (-33.7%), from €5,614 to €3,722
of which Distributable reserves: -€1,893
- Staff costs -€31,765
down €31,765 (-17.7%), from €179,178 to €147,414
- Gross operating margin +€11,741
up €11,741 (+6.4%), from €184,691 to €196,432
- Taxes +€9,160
up €9,160 (+551%), from €1,663 to €10,824
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 | €97,769 | €122,061 | +€24,292 | +24.8% |
| Fixed assets | 21/28 | €3,741 | €1,588 | -€2,153 | -57.6% |
| Tangible fixed assets | 22/27 | €3,741 | €1,588 | -€2,153 | -57.6% |
| Plant, machinery and equipment | 23 | €1,146 | - | -€1,146 | |
| Furniture and vehicles | 24 | €2,595 | €1,588 | -€1,007 | -38.8% |
| Current assets | 29/58 | €94,029 | €120,474 | +€26,445 | +28.1% |
| Amounts receivable within one year | 40/41 | €53,084 | €46,271 | -€6,813 | -12.8% |
| Trade receivables | 40 | €46,425 | €46,271 | -€154 | -0.3% |
| Other amounts receivable | 41 | €6,659 | - | -€6,659 | |
| Cash at bank and in hand | 54/58 | €40,945 | €71,911 | +€30,966 | +75.6% |
| Deferred charges and accrued income | 490/1 | - | €2,292 | +€2,292 | |
| Total equity and liabilities | 10/49 | €97,769 | €122,061 | +€24,292 | +24.8% |
| Equity | 10/15 | €19,997 | €22,322 | +€2,325 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,614 | €3,722 | -€1,893 | -33.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,754 | €1,862 | -€1,893 | -50.4% |
| Profit (loss) carried forward | 14 | -€4,217 | - | +€4,217 | |
| Amounts payable | 17/49 | €77,772 | €99,739 | +€21,967 | +28.2% |
| Amounts payable within one year | 42/48 | €77,772 | €99,739 | +€21,967 | +28.2% |
| Trade debts | 44 | €28,709 | €19,732 | -€8,977 | -31.3% |
| Suppliers | 440/4 | €28,709 | €19,732 | -€8,977 | -31.3% |
| Taxes, remuneration and social security | 45 | €25,523 | €27,788 | +€2,266 | +8.9% |
| Taxes | 450/3 | €3,708 | €15,632 | +€11,924 | +322% |
| Remuneration and social security | 454/9 | €21,815 | €12,156 | -€9,658 | -44.3% |
| Other amounts payable | 47/48 | €23,541 | €52,220 | +€28,679 | +122% |
| Non-recurring operating income | 76A | €19,178 | - | -€19,178 | |
| Remuneration, social security and pensions | 62 | €179,178 | €147,414 | -€31,765 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,685 | €2,153 | -€532 | -19.8% |
| Other operating charges | 640/8 | €872 | €627 | -€245 | -28.1% |
| Gross operating margin | 9900 | €184,691 | €196,432 | +€11,741 | +6.4% |
| Operating profit (loss) | 9901 | €1,955 | €46,238 | +€44,283 | +2,265% |
| Financial income | 75/76B | €221 | €147 | -€74 | -33.6% |
| Recurring financial income | 75 | €221 | €147 | -€74 | -33.6% |
| Financial charges | 65/66B | €415 | €1,558 | +€1,143 | +275% |
| Recurring financial charges | 65 | €415 | €1,558 | +€1,143 | +275% |
| Profit (loss) for the period before taxes | 9903 | €1,761 | €44,826 | +€43,066 | +2,446% |
| Income taxes | 67/77 | €1,663 | €10,824 | +€9,160 | +551% |
| Profit (loss) for the period | 9904 | €97 | €34,003 | +€33,905 | +34,778% |
| Profit (loss) for the period to be appropriated | 9905 | €97 | €34,003 | +€33,905 | +34,778% |
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 28 October 2026 via checked.be.