De Gussemé: 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 Gussemé
Largest movements
- Tangible fixed assets -€37,766
down €37,766 (-17.6%), from €214,981 to €177,216
of which Furniture and vehicles: -€24,423
- Cash +€28,495
up €28,495 (+174%), from €16,390 to €44,886
mainly Depreciation (+€36,964) and Accrued charges and deferred income (+€22,152)
- Stocks and contracts +€9,171
up €9,171 (+437%), from €2,100 to €11,271
- Debts after one year -€45,200
down €45,200 (-27.2%), from €166,106 to €120,906
- Accrued charges and deferred income +€22,152
up €22,152 (+4,817%), from €460 to €22,612
- Trade debts +€15,855
up €15,855 (+50.4%), from €31,443 to €47,298
- Other debts +€11,812
new in 2025: €11,812
- Other operating charges -€24,265
down €24,265 (-70.1%), from €34,626 to €10,361
- Gross operating margin -€22,197
down €22,197 (-23.0%), from €96,592 to €74,395
- Financial charges +€3,720
up €3,720 (+20.3%), from €18,287 to €22,007
- Financial income -€1,219
down €1,219 (-55.2%), from €2,208 to €989
- Depreciation +€1,097
up €1,097 (+3.1%), from €35,867 to €36,964
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 | €398,378 | €405,180 | +€6,803 | +1.7% |
| Fixed assets | 21/28 | €225,311 | €187,545 | -€37,766 | -16.8% |
| Tangible fixed assets | 22/27 | €214,981 | €177,216 | -€37,766 | -17.6% |
| Plant, machinery and equipment | 23 | €8,151 | €5,733 | -€2,418 | -29.7% |
| Furniture and vehicles | 24 | €111,758 | €87,335 | -€24,423 | -21.9% |
| Leasing and similar rights | 25 | €95,072 | €84,147 | -€10,925 | -11.5% |
| Financial fixed assets | 28 | €10,330 | €10,330 | = | 0.0% |
| Current assets | 29/58 | €173,067 | €217,635 | +€44,568 | +25.8% |
| Stocks and contracts in progress | 3 | €2,100 | €11,271 | +€9,171 | +437% |
| Stocks | 30/36 | €2,100 | €11,271 | +€9,171 | +437% |
| Amounts receivable within one year | 40/41 | €147,999 | €151,819 | +€3,820 | +2.6% |
| Trade receivables | 40 | €99,631 | €133,108 | +€33,477 | +33.6% |
| Other amounts receivable | 41 | €48,368 | €18,712 | -€29,657 | -61.3% |
| Cash at bank and in hand | 54/58 | €16,390 | €44,886 | +€28,495 | +174% |
| Deferred charges and accrued income | 490/1 | €6,577 | €9,659 | +€3,082 | +46.9% |
| Total equity and liabilities | 10/49 | €398,378 | €405,180 | +€6,803 | +1.7% |
| Equity | 10/15 | €142,231 | €145,011 | +€2,781 | +2.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €102,231 | €105,011 | +€2,781 | +2.7% |
| Distributable reserves | 133 | €102,231 | €105,011 | +€2,781 | +2.7% |
| Amounts payable | 17/49 | €256,147 | €260,169 | +€4,022 | +1.6% |
| Amounts payable after more than one year | 17 | €166,106 | €120,906 | -€45,200 | -27.2% |
| Financial debts | 170/4 | €166,106 | €120,906 | -€45,200 | -27.2% |
| Amounts payable within one year | 42/48 | €89,581 | €116,651 | +€27,070 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €45,851 | €45,200 | -€651 | -1.4% |
| Trade debts | 44 | €31,443 | €47,298 | +€15,855 | +50.4% |
| Suppliers | 440/4 | €31,443 | €47,298 | +€15,855 | +50.4% |
| Taxes, remuneration and social security | 45 | €12,287 | €12,341 | +€54 | +0.4% |
| Taxes | 450/3 | €12,287 | €12,341 | +€54 | +0.4% |
| Other amounts payable | 47/48 | - | €11,812 | +€11,812 | |
| Accrued charges and deferred income | 492/3 | €460 | €22,612 | +€22,152 | +4,817% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,867 | €36,964 | +€1,097 | +3.1% |
| Other operating charges | 640/8 | €34,626 | €10,361 | -€24,265 | -70.1% |
| Gross operating margin | 9900 | €96,592 | €74,395 | -€22,197 | -23.0% |
| Operating profit (loss) | 9901 | €26,099 | €27,070 | +€971 | +3.7% |
| Financial income | 75/76B | €2,208 | €989 | -€1,219 | -55.2% |
| Recurring financial income | 75 | €2,208 | €989 | -€1,219 | -55.2% |
| Financial charges | 65/66B | €18,287 | €22,007 | +€3,720 | +20.3% |
| Recurring financial charges | 65 | €18,287 | €22,007 | +€3,720 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €10,020 | €6,051 | -€3,969 | -39.6% |
| Income taxes | 67/77 | €4,319 | €3,270 | -€1,048 | -24.3% |
| Profit (loss) for the period | 9904 | €5,701 | €2,781 | -€2,921 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,701 | €2,781 | -€2,921 | -51.2% |
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 19 October 2026 via checked.be.