DE GUCHT: 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.
DE GUCHT
Largest movements
- Receivables within one year -€74,992
down €74,992 (-20.2%), from €371,685 to €296,693
of which Trade receivables: -€61,992
- Cash +€55,429
up €55,429 (+23.4%), from €236,925 to €292,355
mainly Net result for the year (+€93,627) and Receivables within one year (+€74,992)
- Tangible fixed assets -€16,798
down €16,798 (-13.1%), from €128,339 to €111,541
of which Furniture and vehicles: -€21,313
- Stocks and contracts +€14,223
up €14,223 (+4.4%), from €321,716 to €335,939
- Debts after one year -€35,971
down €35,971 (-46.4%), from €77,488 to €41,518
- Reserves +€13,023
up €13,023 (+2.1%), from €634,048 to €647,071
of which Distributable reserves: +€13,023
- Gross operating margin +€14,222
up €14,222 (+9.3%), from €153,150 to €167,372
- Taxes +€4,280
up €4,280 (+22.0%), from €19,437 to €23,717
- Financial charges -€3,704
down €3,704 (-27.4%), from €13,541 to €9,837
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 | €1,059,570 | €1,037,433 | -€22,137 | -2.1% |
| Fixed assets | 21/28 | €129,245 | €112,447 | -€16,798 | -13.0% |
| Tangible fixed assets | 22/27 | €128,339 | €111,541 | -€16,798 | -13.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €79,282 | €58,547 | -€20,735 | -26.2% |
| Furniture and vehicles | 24 | €49,056 | €27,743 | -€21,313 | -43.4% |
| Other tangible fixed assets | 26 | €0 | €25,250 | +€25,250 | |
| Financial fixed assets | 28 | €906 | €906 | = | 0.0% |
| Current assets | 29/58 | €930,325 | €924,986 | -€5,339 | -0.6% |
| Stocks and contracts in progress | 3 | €321,716 | €335,939 | +€14,223 | +4.4% |
| Stocks | 30/36 | €321,716 | €335,939 | +€14,223 | +4.4% |
| Amounts receivable within one year | 40/41 | €371,685 | €296,693 | -€74,992 | -20.2% |
| Trade receivables | 40 | €355,833 | €293,841 | -€61,992 | -17.4% |
| Other amounts receivable | 41 | €15,851 | €2,852 | -€12,999 | -82.0% |
| Cash at bank and in hand | 54/58 | €236,925 | €292,355 | +€55,429 | +23.4% |
| Total equity and liabilities | 10/49 | €1,059,570 | €1,037,433 | -€22,137 | -2.1% |
| Equity | 10/15 | €696,048 | €709,071 | +€13,023 | +1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €634,048 | €647,071 | +€13,023 | +2.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €627,848 | €640,871 | +€13,023 | +2.1% |
| Amounts payable | 17/49 | €363,522 | €328,363 | -€35,160 | -9.7% |
| Amounts payable after more than one year | 17 | €77,488 | €41,518 | -€35,971 | -46.4% |
| Financial debts | 170/4 | €77,488 | €41,518 | -€35,971 | -46.4% |
| Amounts payable within one year | 42/48 | €286,034 | €286,331 | +€297 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €35,875 | €36,795 | +€920 | +2.6% |
| Trade debts | 44 | €80,589 | €80,812 | +€223 | +0.3% |
| Suppliers | 440/4 | €80,589 | €80,812 | +€223 | +0.3% |
| Taxes, remuneration and social security | 45 | €4,711 | €11,813 | +€7,102 | +151% |
| Taxes | 450/3 | €4,711 | €11,813 | +€7,102 | +151% |
| Other amounts payable | 47/48 | €164,860 | €156,911 | -€7,948 | -4.8% |
| Accrued charges and deferred income | 492/3 | - | €514 | +€514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,000 | €43,828 | +€827 | +1.9% |
| Other operating charges | 640/8 | €4,269 | €3,214 | -€1,056 | -24.7% |
| Gross operating margin | 9900 | €153,150 | €167,372 | +€14,222 | +9.3% |
| Operating profit (loss) | 9901 | €105,880 | €120,331 | +€14,450 | +13.6% |
| Financial income | 75/76B | €7,074 | €6,850 | -€225 | -3.2% |
| Recurring financial income | 75 | €7,074 | €6,850 | -€225 | -3.2% |
| Financial charges | 65/66B | €13,541 | €9,837 | -€3,704 | -27.4% |
| Recurring financial charges | 65 | €13,541 | €9,837 | -€3,704 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €99,414 | €117,343 | +€17,929 | +18.0% |
| Income taxes | 67/77 | €19,437 | €23,717 | +€4,280 | +22.0% |
| Profit (loss) for the period | 9904 | €79,977 | €93,627 | +€13,649 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,977 | €93,627 | +€13,649 | +17.1% |
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.