TOM GYSENS: 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.
TOM GYSENS
Largest movements
- Cash +€375,762
up €375,762 (+251%), from €149,719 to €525,481
mainly Other debts (+€831,479) and Net result for the year (+€469,461)
- Receivables after one year -€220,000
down €220,000 (-17.9%), from €1.2m to €1.0m
- Receivables within one year +€216,746
up €216,746 (+366%), from €59,271 to €276,017
of which Other amounts receivable: +€214,970
- Current investments -€88,518
down €88,518 (-11.4%), from €775,145 to €686,627
- Deferred charges and accrued income +€30,595
up €30,595 (+33.7%), from €90,699 to €121,294
- Other debts +€831,479
up €831,479 (+321%), from €259,429 to €1.1m
- Reserves -€621,448
down €621,448 (-30.8%), from €2.0m to €1.4m
of which Distributable reserves: -€621,448
- Tax, wage and social debts +€98,997
up €98,997 (+107%), from €92,829 to €191,826
- Gross operating margin +€178,602
up €178,602 (+39.6%), from €450,957 to €629,559
- Taxes +€73,449
up €73,449 (+50.5%), from €145,552 to €219,000
- Depreciation -€24,301
down €24,301 (-93.5%), from €26,002 to €1,701
- Financial income +€17,936
up €17,936 (+38.5%), from €46,626 to €64,562
- Financial charges -€8,516
down €8,516 (-75.4%), from €11,300 to €2,783
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 | €2,396,659 | €2,710,203 | +€313,544 | +13.1% |
| Fixed assets | 21/28 | €91,825 | €90,783 | -€1,041 | -1.1% |
| Tangible fixed assets | 22/27 | €91,825 | €90,783 | -€1,041 | -1.1% |
| Furniture and vehicles | 24 | €2,199 | €1,158 | -€1,041 | -47.4% |
| Other tangible fixed assets | 26 | €89,626 | €89,626 | = | 0.0% |
| Current assets | 29/58 | €2,304,834 | €2,619,419 | +€314,585 | +13.6% |
| Amounts receivable after more than one year | 29 | €1,230,000 | €1,010,000 | -€220,000 | -17.9% |
| Other amounts receivable | 291 | €1,230,000 | €1,010,000 | -€220,000 | -17.9% |
| Amounts receivable within one year | 40/41 | €59,271 | €276,017 | +€216,746 | +366% |
| Trade receivables | 40 | €58,303 | €60,079 | +€1,776 | +3.0% |
| Other amounts receivable | 41 | €968 | €215,938 | +€214,970 | +22,217% |
| Current investments | 50/53 | €775,145 | €686,627 | -€88,518 | -11.4% |
| Cash at bank and in hand | 54/58 | €149,719 | €525,481 | +€375,762 | +251% |
| Deferred charges and accrued income | 490/1 | €90,699 | €121,294 | +€30,595 | +33.7% |
| Total equity and liabilities | 10/49 | €2,396,659 | €2,710,203 | +€313,544 | +13.1% |
| Equity | 10/15 | €2,030,529 | €1,409,082 | -€621,448 | -30.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,018,129 | €1,396,682 | -€621,448 | -30.8% |
| Non-distributable reserves | 130/1 | €15,360 | €15,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,360 | €15,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,968 | €3,968 | = | 0.0% |
| Distributable reserves | 133 | €1,998,801 | €1,377,353 | -€621,448 | -31.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €366,130 | €1,301,121 | +€934,992 | +255% |
| Amounts payable within one year | 42/48 | €363,511 | €1,300,501 | +€936,990 | +258% |
| Trade debts | 44 | €11,253 | €17,767 | +€6,514 | +57.9% |
| Suppliers | 440/4 | €11,253 | €17,767 | +€6,514 | +57.9% |
| Taxes, remuneration and social security | 45 | €92,829 | €191,826 | +€98,997 | +107% |
| Taxes | 450/3 | €92,829 | €191,826 | +€98,997 | +107% |
| Other amounts payable | 47/48 | €259,429 | €1,090,908 | +€831,479 | +321% |
| Accrued charges and deferred income | 492/3 | €2,619 | €620 | -€1,999 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,002 | €1,701 | -€24,301 | -93.5% |
| Other operating charges | 640/8 | €1,290 | €1,175 | -€115 | -8.9% |
| Gross operating margin | 9900 | €450,957 | €629,559 | +€178,602 | +39.6% |
| Operating profit (loss) | 9901 | €423,665 | €626,682 | +€203,017 | +47.9% |
| Financial income | 75/76B | €46,626 | €64,562 | +€17,936 | +38.5% |
| Recurring financial income | 75 | €46,626 | €64,562 | +€17,936 | +38.5% |
| Financial charges | 65/66B | €11,300 | €2,783 | -€8,516 | -75.4% |
| Recurring financial charges | 65 | €11,300 | €2,783 | -€8,516 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €458,991 | €688,461 | +€229,470 | +50.0% |
| Income taxes | 67/77 | €145,552 | €219,000 | +€73,449 | +50.5% |
| Profit (loss) for the period | 9904 | €313,440 | €469,461 | +€156,021 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €313,440 | €469,461 | +€156,021 | +49.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.