VAN COUTER - GYSELINCK: 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.
VAN COUTER - GYSELINCK
Largest movements
- Cash -€26,443
down €26,443 (-51.6%), from €51,283 to €24,840
mainly Net result for the year (-€49,358) and Tax, wage and social debts (-€6,802)
- Tangible fixed assets -€25,157
down €25,157 (-13.3%), from €188,657 to €163,500
- Profit (loss) carried forward -€49,358
down €49,358 (-585%), from -€8,431 to -€57,788
- Short-term financial debts +€8,882
new in 2025: €8,882
- Tax, wage and social debts -€6,802
down €6,802 (-100%), from €6,802 to €0
- Other debts -€3,449
down €3,449 (-57.2%), from €6,028 to €2,578
- Gross operating margin +€33,556
up €33,556 (+62.9%), from -€53,383 to -€19,827
- Depreciation +€6,517
up €6,517 (+31.3%), from €20,803 to €27,320
- Financial income -€1,450
down €1,450 (-54.7%), from €2,650 to €1,200
- Financial charges +€1,270
up €1,270 (+165%), from €768 to €2,038
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 | €242,271 | €190,856 | -€51,415 | -21.2% |
| Fixed assets | 21/28 | €188,732 | €163,575 | -€25,157 | -13.3% |
| Tangible fixed assets | 22/27 | €188,657 | €163,500 | -€25,157 | -13.3% |
| Plant, machinery and equipment | 23 | €14,410 | €10,286 | -€4,124 | -28.6% |
| Furniture and vehicles | 24 | €116,578 | €104,166 | -€12,412 | -10.6% |
| Other tangible fixed assets | 26 | €57,669 | €49,049 | -€8,621 | -14.9% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €53,539 | €27,281 | -€26,258 | -49.0% |
| Amounts receivable within one year | 40/41 | €1,276 | €1,382 | +€106 | +8.3% |
| Trade receivables | 40 | €850 | €1,275 | +€425 | +50.0% |
| Other amounts receivable | 41 | €426 | €107 | -€319 | -74.9% |
| Cash at bank and in hand | 54/58 | €51,283 | €24,840 | -€26,443 | -51.6% |
| Deferred charges and accrued income | 490/1 | €981 | €1,059 | +€78 | +8.0% |
| Total equity and liabilities | 10/49 | €242,271 | €190,856 | -€51,415 | -21.2% |
| Equity | 10/15 | €228,433 | €179,076 | -€49,358 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,264 | €218,264 | = | 0.0% |
| Distributable reserves | 133 | €218,264 | €218,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,431 | -€57,788 | -€49,358 | -585% |
| Amounts payable | 17/49 | €13,838 | €11,780 | -€2,058 | -14.9% |
| Amounts payable within one year | 42/48 | €13,838 | €11,780 | -€2,058 | -14.9% |
| Financial debts | 43 | - | €8,882 | +€8,882 | |
| Credit institutions | 430/8 | - | €8,882 | +€8,882 | |
| Trade debts | 44 | €1,008 | €320 | -€688 | -68.3% |
| Suppliers | 440/4 | €1,008 | €320 | -€688 | -68.3% |
| Taxes, remuneration and social security | 45 | €6,802 | €0 | -€6,802 | -100% |
| Taxes | 450/3 | €6,802 | €0 | -€6,802 | -100% |
| Other amounts payable | 47/48 | €6,028 | €2,578 | -€3,449 | -57.2% |
| Remuneration, social security and pensions | 62 | -€297 | €0 | +€297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,803 | €27,320 | +€6,517 | +31.3% |
| Other operating charges | 640/8 | €1,387 | €1,120 | -€267 | -19.2% |
| Non-recurring operating charges | 66A | €4,157 | €0 | -€4,157 | -100% |
| Gross operating margin | 9900 | -€53,383 | -€19,827 | +€33,556 | +62.9% |
| Operating profit (loss) | 9901 | -€79,433 | -€48,267 | +€31,166 | +39.2% |
| Financial income | 75/76B | €2,650 | €1,200 | -€1,450 | -54.7% |
| Recurring financial income | 75 | €2,650 | €1,200 | -€1,450 | -54.7% |
| Financial charges | 65/66B | €768 | €2,038 | +€1,270 | +165% |
| Recurring financial charges | 65 | €768 | €2,038 | +€1,270 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€77,551 | -€49,105 | +€28,446 | +36.7% |
| Income taxes | 67/77 | €271 | €253 | -€18 | -6.7% |
| Profit (loss) for the period | 9904 | -€77,822 | -€49,358 | +€28,465 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,822 | -€49,358 | +€28,465 | +36.6% |
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 16 October 2026 via checked.be.