De Gucht Michael: 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 Michael
Largest movements
- Tangible fixed assets -€7,366
down €7,366 (-100%), from €7,366 to €0
of which Furniture and vehicles: -€7,366
- Receivables within one year -€700
down €700 (-7.8%), from €8,970 to €8,270
of which Other amounts receivable: -€398
- Cash -€641
down €641 (-5.9%), from €10,867 to €10,226
mainly Other debts (-€16,719) and Current portion of long-term debt (-€8,335)
- Other debts -€16,719
down €16,719 (-68.8%), from €24,312 to €7,594
- Profit (loss) carried forward +€16,414
up €16,414 (+83.8%), from -€19,580 to -€3,166
- Current portion of long-term debt -€8,335
down €8,335 (-100%), from €8,335 to €0
- Trade debts -€1,582
down €1,582 (-100%), from €1,582 to €0
- Tax, wage and social debts +€1,525
up €1,525 (+266%), from €572 to €2,097
of which Taxes: +€1,724
- Depreciation -€10,702
down €10,702 (-100%), from €10,702 to €0
- Gross operating margin -€9,521
down €9,521 (-18.1%), from €52,609 to €43,088
- Taxes +€1,709
up €1,709, from €0 to €1,709
- Financial charges -€780
down €780 (-57.0%), from €1,367 to €587
- Other operating charges -€614
down €614 (-53.2%), from €1,154 to €540
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 | €27,622 | €18,925 | -€8,697 | -31.5% |
| Fixed assets | 21/28 | €7,501 | €135 | -€7,366 | -98.2% |
| Tangible fixed assets | 22/27 | €7,366 | €0 | -€7,366 | -100% |
| Furniture and vehicles | 24 | €7,366 | €0 | -€7,366 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €20,121 | €18,790 | -€1,330 | -6.6% |
| Amounts receivable within one year | 40/41 | €8,970 | €8,270 | -€700 | -7.8% |
| Trade receivables | 40 | €6,956 | €6,654 | -€302 | -4.3% |
| Other amounts receivable | 41 | €2,014 | €1,616 | -€398 | -19.7% |
| Cash at bank and in hand | 54/58 | €10,867 | €10,226 | -€641 | -5.9% |
| Deferred charges and accrued income | 490/1 | €284 | €294 | +€10 | +3.5% |
| Total equity and liabilities | 10/49 | €27,622 | €18,925 | -€8,697 | -31.5% |
| Equity | 10/15 | -€7,180 | €9,234 | +€16,414 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,580 | -€3,166 | +€16,414 | +83.8% |
| Amounts payable | 17/49 | €34,802 | €9,691 | -€25,110 | -72.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,802 | €9,691 | -€25,110 | -72.2% |
| Current portion of amounts payable after more than one year | 42 | €8,335 | €0 | -€8,335 | -100% |
| Trade debts | 44 | €1,582 | €0 | -€1,582 | -100% |
| Suppliers | 440/4 | €1,582 | €0 | -€1,582 | -100% |
| Taxes, remuneration and social security | 45 | €572 | €2,097 | +€1,525 | +266% |
| Taxes | 450/3 | €323 | €2,048 | +€1,724 | +533% |
| Remuneration and social security | 454/9 | €249 | €50 | -€199 | -80.1% |
| Other amounts payable | 47/48 | €24,312 | €7,594 | -€16,719 | -68.8% |
| Non-recurring operating income | 76A | €33,052 | €15,972 | -€17,080 | -51.7% |
| Remuneration, social security and pensions | 62 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,702 | €0 | -€10,702 | -100% |
| Other operating charges | 640/8 | €1,154 | €540 | -€614 | -53.2% |
| Non-recurring operating charges | 66A | €50,171 | €23,338 | -€26,833 | -53.5% |
| Gross operating margin | 9900 | €52,609 | €43,088 | -€9,521 | -18.1% |
| Operating profit (loss) | 9901 | -€9,417 | €18,710 | +€28,127 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,367 | €587 | -€780 | -57.0% |
| Recurring financial charges | 65 | €1,367 | €587 | -€780 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,784 | €18,123 | +€28,907 | |
| Income taxes | 67/77 | €0 | €1,709 | +€1,709 | |
| Profit (loss) for the period | 9904 | -€10,784 | €16,414 | +€27,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,784 | €16,414 | +€27,198 |
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 29 October 2026 via checked.be.