Johan Gysen: 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.
Johan Gysen
Largest movements
- Tangible fixed assets +€40,046
up €40,046 (+833%), from €4,807 to €44,853
of which Furniture and vehicles: +€40,702
- Cash +€36,119
up €36,119 (+25.2%), from €143,365 to €179,483
mainly Net result for the year (+€89,060) and Depreciation (+€7,276)
- Receivables within one year +€10,932
up €10,932 (+59.5%), from €18,378 to €29,310
of which Other amounts receivable: +€10,052
- Profit (loss) carried forward +€89,060
up €89,060 (+96.4%), from €92,421 to €181,481
- Depreciation +€6,352
up €6,352 (+687%), from €924 to €7,276
- Gross operating margin +€3,919
up €3,919 (+3.3%), from €117,842 to €121,760
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 | €168,635 | €256,328 | +€87,693 | +52.0% |
| Fixed assets | 21/28 | €4,807 | €44,853 | +€40,046 | +833% |
| Tangible fixed assets | 22/27 | €4,807 | €44,853 | +€40,046 | +833% |
| Plant, machinery and equipment | 23 | €3,122 | €2,465 | -€657 | -21.0% |
| Furniture and vehicles | 24 | €1,685 | €42,388 | +€40,702 | +2,415% |
| Current assets | 29/58 | €163,827 | €211,475 | +€47,648 | +29.1% |
| Amounts receivable within one year | 40/41 | €18,378 | €29,310 | +€10,932 | +59.5% |
| Trade receivables | 40 | €18,378 | €19,258 | +€880 | +4.8% |
| Other amounts receivable | 41 | - | €10,052 | +€10,052 | |
| Cash at bank and in hand | 54/58 | €143,365 | €179,483 | +€36,119 | +25.2% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,682 | +€597 | +28.6% |
| Total equity and liabilities | 10/49 | €168,635 | €256,328 | +€87,693 | +52.0% |
| Equity | 10/15 | €131,421 | €220,481 | +€89,060 | +67.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,421 | €181,481 | +€89,060 | +96.4% |
| Amounts payable | 17/49 | €37,214 | €35,847 | -€1,367 | -3.7% |
| Amounts payable within one year | 42/48 | €37,214 | €35,847 | -€1,367 | -3.7% |
| Trade debts | 44 | €1,807 | €515 | -€1,291 | -71.5% |
| Suppliers | 440/4 | €1,807 | €515 | -€1,291 | -71.5% |
| Taxes, remuneration and social security | 45 | €35,407 | €35,332 | -€75 | -0.2% |
| Taxes | 450/3 | €35,407 | €35,332 | -€75 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | €7,276 | +€6,352 | +687% |
| Other operating charges | 640/8 | €647 | €872 | +€225 | +34.8% |
| Gross operating margin | 9900 | €117,842 | €121,760 | +€3,919 | +3.3% |
| Operating profit (loss) | 9901 | €116,271 | €113,612 | -€2,659 | -2.3% |
| Financial income | 75/76B | - | €104 | +€104 | |
| Recurring financial income | 75 | - | €104 | +€104 | |
| Financial charges | 65/66B | €78 | €185 | +€107 | +136% |
| Recurring financial charges | 65 | €78 | €185 | +€107 | +136% |
| Profit (loss) for the period before taxes | 9903 | €116,193 | €113,532 | -€2,661 | -2.3% |
| Income taxes | 67/77 | €24,602 | €24,472 | -€130 | -0.5% |
| Profit (loss) for the period | 9904 | €91,591 | €89,060 | -€2,531 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,591 | €89,060 | -€2,531 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.