De Padt-Van Gugte: 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 Padt-Van Gugte
Largest movements
- Cash +€138,028
up €138,028 (+140%), from €98,270 to €236,298
mainly Net result for the year (+€108,361) and Current investments (+€99,308)
- Current investments -€99,308
down €99,308 (-99.3%), from €100,000 to €692
- Intangible fixed assets -€24,247
down €24,247 (-12.5%), from €193,439 to €169,192
- Tangible fixed assets +€15,429
up €15,429 (+98.8%), from €15,621 to €31,050
- Receivables within one year -€15,232
no longer reported in 2025 (was €15,232)
- Profit (loss) carried forward -€135,938
no longer reported in 2025 (was €135,938)
- Reserves +€108,361
up €108,361 (+5,826%), from €1,860 to €110,221
- Other debts +€31,764
up €31,764 (+18.1%), from €175,900 to €207,664
- Tax, wage and social debts +€16,776
up €16,776 (+51.2%), from €32,776 to €49,551
of which Remuneration and social security: +€9,579
- Trade debts -€5,247
down €5,247 (-60.8%), from €8,631 to €3,384
- Staff costs +€71,400
up €71,400 (+133%), from €53,645 to €125,045
- Gross operating margin +€33,221
up €33,221 (+12.8%), from €259,676 to €292,898
- Financial income +€24,429
up €24,429 (+8,817%), from €277 to €24,706
- Depreciation +€13,555
up €13,555 (+91.4%), from €14,827 to €28,382
- Taxes +€4,061
up €4,061 (+8.3%), from €48,830 to €52,891
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 | €423,704 | €439,420 | +€15,716 | +3.7% |
| Fixed assets | 21/28 | €209,060 | €200,242 | -€8,818 | -4.2% |
| Intangible fixed assets | 21 | €193,439 | €169,192 | -€24,247 | -12.5% |
| Tangible fixed assets | 22/27 | €15,621 | €31,050 | +€15,429 | +98.8% |
| Land and buildings | 22 | €12,898 | €20,434 | +€7,536 | +58.4% |
| Plant, machinery and equipment | 23 | - | €5,025 | +€5,025 | |
| Furniture and vehicles | 24 | €2,724 | €5,592 | +€2,868 | +105% |
| Current assets | 29/58 | €214,644 | €239,178 | +€24,534 | +11.4% |
| Amounts receivable within one year | 40/41 | €15,232 | - | -€15,232 | |
| Other amounts receivable | 41 | €15,232 | - | -€15,232 | |
| Current investments | 50/53 | €100,000 | €692 | -€99,308 | -99.3% |
| Cash at bank and in hand | 54/58 | €98,270 | €236,298 | +€138,028 | +140% |
| Deferred charges and accrued income | 490/1 | €1,142 | €2,189 | +€1,046 | +91.6% |
| Total equity and liabilities | 10/49 | €423,704 | €439,420 | +€15,716 | +3.7% |
| Equity | 10/15 | €156,398 | €128,821 | -€27,577 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €110,221 | +€108,361 | +5,826% |
| Distributable reserves | 133 | €1,860 | €110,221 | +€108,361 | +5,826% |
| Profit (loss) carried forward | 14 | €135,938 | - | -€135,938 | |
| Amounts payable | 17/49 | €267,307 | €310,599 | +€43,293 | +16.2% |
| Amounts payable within one year | 42/48 | €217,307 | €260,599 | +€43,293 | +19.9% |
| Trade debts | 44 | €8,631 | €3,384 | -€5,247 | -60.8% |
| Suppliers | 440/4 | €8,631 | €3,384 | -€5,247 | -60.8% |
| Taxes, remuneration and social security | 45 | €32,776 | €49,551 | +€16,776 | +51.2% |
| Taxes | 450/3 | €23,530 | €30,726 | +€7,197 | +30.6% |
| Remuneration and social security | 454/9 | €9,246 | €18,825 | +€9,579 | +104% |
| Other amounts payable | 47/48 | €175,900 | €207,664 | +€31,764 | +18.1% |
| Accrued charges and deferred income | 492/3 | €50,000 | €50,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €53,645 | €125,045 | +€71,400 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,827 | €28,382 | +€13,555 | +91.4% |
| Other operating charges | 640/8 | €4,314 | €2,038 | -€2,277 | -52.8% |
| Gross operating margin | 9900 | €259,676 | €292,898 | +€33,221 | +12.8% |
| Operating profit (loss) | 9901 | €186,890 | €137,433 | -€49,457 | -26.5% |
| Financial income | 75/76B | €277 | €24,706 | +€24,429 | +8,817% |
| Recurring financial income | 75 | €277 | €24,706 | +€24,429 | +8,817% |
| Financial charges | 65/66B | €539 | €888 | +€349 | +64.6% |
| Recurring financial charges | 65 | €539 | €888 | +€349 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €186,628 | €161,251 | -€25,376 | -13.6% |
| Income taxes | 67/77 | €48,830 | €52,891 | +€4,061 | +8.3% |
| Profit (loss) for the period | 9904 | €137,798 | €108,361 | -€29,437 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,798 | €108,361 | -€29,437 | -21.4% |
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 26 October 2026 via checked.be.