DE GUYTENAER PROJECTS: what changed
Two fiscal 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 GUYTENAER PROJECTS
Largest movements
- Receivables within one year +€74,752
up €74,752 (+182.4%), from €40,982 to €115,734
of which Other amounts receivable: +€45,726
- Cash -€31,608
down €31,608 (-45.8%), from €68,958 to €37,350
mainly Receivables within one year (-€74,752) and Investment in fixed assets (net) (-€55,861)
- Tangible fixed assets +€13,379
up €13,379 (+3.1%), from €437,825 to €451,204
of which Land and buildings: +€35,543
- Trade debts +€25,024
up €25,024 (+118.8%), from €21,061 to €46,085
- Reserves +€23,000
up €23,000 (+17.4%), from €132,000 to €155,000
- Debts after one year -€22,998
down €22,998 (-6.5%), from €354,192 to €331,194
- Other debts +€22,450
up €22,450 (+271.9%), from €8,257 to €30,707
- Advances received +€11,773
up €11,773 (+180.2%), from €6,534 to €18,307
- Gross operating margin -€27,036
down €27,036 (-24.2%), from €111,910 to €84,875
- Other operating charges -€8,730
down €8,730 (-93.3%), from €9,359 to €630
- Taxes +€8,647
up €8,647, from -€4,500 to €4,147
- Financial charges +€3,241
up €3,241 (+23.1%), from €14,038 to €17,279
- Financial income +€2,276
up €2,276 (+524.0%), from €434 to €2,710
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.
Cash bridge derived
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 | €547,765 | €609,177 | +€61,411 | +11.2% |
| Fixed assets | 21/28 | €437,825 | €451,204 | +€13,379 | +3.1% |
| Tangible fixed assets | 22/27 | €437,825 | €451,204 | +€13,379 | +3.1% |
| Land and buildings | 22 | €385,253 | €420,796 | +€35,543 | +9.2% |
| Plant, machinery and equipment | 23 | €28,165 | €14,656 | -€13,508 | -48.0% |
| Furniture and vehicles | 24 | €24,407 | €15,751 | -€8,656 | -35.5% |
| Current assets | 29/58 | €109,940 | €157,973 | +€48,033 | +43.7% |
| Amounts receivable within one year | 40/41 | €40,982 | €115,734 | +€74,752 | +182.4% |
| Trade receivables | 40 | €35,738 | €64,764 | +€29,026 | +81.2% |
| Other amounts receivable | 41 | €5,244 | €50,970 | +€45,726 | +872.0% |
| Cash at bank and in hand | 54/58 | €68,958 | €37,350 | -€31,608 | -45.8% |
| Deferred charges and accrued income | 490/1 | - | €4,889 | +€4,889 | |
| Total equity and liabilities | 10/49 | €547,765 | €609,177 | +€61,411 | +11.2% |
| Equity | 10/15 | €134,727 | €157,773 | +€23,046 | +17.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €132,000 | €155,000 | +€23,000 | +17.4% |
| Distributable reserves | 133 | €132,000 | €155,000 | +€23,000 | +17.4% |
| Profit (loss) carried forward | 14 | €227 | €273 | +€46 | +20.3% |
| Amounts payable | 17/49 | €413,038 | €451,403 | +€38,365 | +9.3% |
| Amounts payable after more than one year | 17 | €354,192 | €331,194 | -€22,998 | -6.5% |
| Financial debts | 170/4 | €354,192 | €331,194 | -€22,998 | -6.5% |
| Amounts payable within one year | 42/48 | €58,846 | €119,465 | +€60,619 | +103.0% |
| Current portion of amounts payable after more than one year | 42 | €21,972 | €22,998 | +€1,027 | +4.7% |
| Trade debts | 44 | €21,061 | €46,085 | +€25,024 | +118.8% |
| Suppliers | 440/4 | €21,061 | €46,085 | +€25,024 | +118.8% |
| Advances received on contracts in progress | 46 | €6,534 | €18,307 | +€11,773 | +180.2% |
| Taxes, remuneration and social security | 45 | €1,023 | €1,369 | +€347 | +33.9% |
| Taxes | 450/3 | €1,023 | €1,369 | +€347 | +33.9% |
| Other amounts payable | 47/48 | €8,257 | €30,707 | +€22,450 | +271.9% |
| Accrued charges and deferred income | 492/3 | - | €744 | +€744 | |
| Remuneration, social security and pensions | 62 | €814 | €0 | -€814 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,603 | €42,483 | +€1,880 | +4.6% |
| Other operating charges | 640/8 | €9,359 | €630 | -€8,730 | -93.3% |
| Gross operating margin | 9900 | €111,910 | €84,875 | -€27,036 | -24.2% |
| Operating profit (loss) | 9901 | €61,134 | €41,762 | -€19,372 | -31.7% |
| Financial income | 75/76B | €434 | €2,710 | +€2,276 | +524.0% |
| Recurring financial income | 75 | €434 | €2,710 | +€2,276 | +524.0% |
| Financial charges | 65/66B | €14,038 | €17,279 | +€3,241 | +23.1% |
| Recurring financial charges | 65 | €14,038 | €17,279 | +€3,241 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €47,530 | €27,194 | -€20,337 | -42.8% |
| Income taxes | 67/77 | -€4,500 | €4,147 | +€8,647 | |
| Profit (loss) for the period | 9904 | €52,030 | €23,046 | -€28,984 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,030 | €23,046 | -€28,984 | -55.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.