VAN GYSEL MARJAN: 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 GYSEL MARJAN
Largest movements
- Current investments +€163,643
up €163,643 (+10.3%), from €1.6m to €1.8m
- Cash +€144,334
up €144,334 (+58.9%), from €245,019 to €389,353
mainly Net result for the year (+€515,938) and Tax, wage and social debts (+€26,623)
- Reserves +€242,908
up €242,908 (+11.8%), from €2.1m to €2.3m
- Tax, wage and social debts +€26,623
up €26,623 (+74.3%), from €35,848 to €62,470
- Financial income +€129,660
up €129,660 (+1,065%), from €12,170 to €141,829
- Taxes +€20,141
up €20,141 (+11.4%), from €175,906 to €196,047
- Gross operating margin +€18,130
up €18,130 (+3.2%), from €570,472 to €588,602
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 | €2,117,213 | €2,396,206 | +€278,994 | +13.2% |
| Fixed assets | 21/28 | €23,164 | €7,186 | -€15,978 | -69.0% |
| Tangible fixed assets | 22/27 | €23,164 | €7,186 | -€15,978 | -69.0% |
| Furniture and vehicles | 24 | €23,164 | €7,186 | -€15,978 | -69.0% |
| Current assets | 29/58 | €2,094,048 | €2,389,020 | +€294,972 | +14.1% |
| Current investments | 50/53 | €1,587,957 | €1,751,600 | +€163,643 | +10.3% |
| Cash at bank and in hand | 54/58 | €245,019 | €389,353 | +€144,334 | +58.9% |
| Deferred charges and accrued income | 490/1 | €261,072 | €248,067 | -€13,005 | -5.0% |
| Total equity and liabilities | 10/49 | €2,117,213 | €2,396,206 | +€278,994 | +13.2% |
| Equity | 10/15 | €2,075,383 | €2,318,291 | +€242,908 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,056,783 | €2,299,691 | +€242,908 | +11.8% |
| Distributable reserves | 133 | €2,056,783 | €2,299,691 | +€242,908 | +11.8% |
| Amounts payable | 17/49 | €41,830 | €77,916 | +€36,086 | +86.3% |
| Amounts payable within one year | 42/48 | €41,830 | €77,916 | +€36,086 | +86.3% |
| Trade debts | 44 | €262 | €208 | -€54 | -20.6% |
| Suppliers | 440/4 | €262 | €208 | -€54 | -20.6% |
| Taxes, remuneration and social security | 45 | €35,848 | €62,470 | +€26,623 | +74.3% |
| Taxes | 450/3 | €35,848 | €62,470 | +€26,623 | +74.3% |
| Other amounts payable | 47/48 | €5,720 | €15,238 | +€9,517 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,978 | €15,978 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,031 | -€56 | -5.1% |
| Gross operating margin | 9900 | €570,472 | €588,602 | +€18,130 | +3.2% |
| Operating profit (loss) | 9901 | €553,407 | €571,593 | +€18,185 | +3.3% |
| Financial income | 75/76B | €12,170 | €141,829 | +€129,660 | +1,065% |
| Recurring financial income | 75 | €12,170 | €141,829 | +€129,660 | +1,065% |
| Financial charges | 65/66B | -€3,142 | €1,437 | +€4,579 | |
| Recurring financial charges | 65 | -€3,142 | €1,437 | +€4,579 | |
| Profit (loss) for the period before taxes | 9903 | €568,719 | €711,985 | +€143,266 | +25.2% |
| Income taxes | 67/77 | €175,906 | €196,047 | +€20,141 | +11.4% |
| Profit (loss) for the period | 9904 | €392,813 | €515,938 | +€123,126 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €392,813 | €515,938 | +€123,126 | +31.3% |
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 31 October 2026 via checked.be.