DEWULF GUIDO: what changed
DEWULF GUIDO
Largest movements
- Tangible fixed assets +€31,539
up €31,539 (+63.1%), from €49,984 to €81,523
of which Furniture and vehicles: +€35,371
- Current investments +€29,133
up €29,133 (+28.1%), from €103,739 to €132,872
- Cash -€28,972
down €28,972 (-33.2%), from €87,277 to €58,305
mainly Investment in fixed assets (net) (-€50,746) and Contributions, distributions and other (-€36,217)
- Reserves +€39,231
up €39,231 (+18.5%), from €212,595 to €251,826
- Other debts -€8,227
down €8,227 (-16.2%), from €50,747 to €42,520
- Gross operating margin +€24,845
up €24,845 (+23.7%), from €104,672 to €129,517
- Taxes +€8,087
up €8,087 (+28.1%), from €28,805 to €36,892
- Depreciation +€1,954
up €1,954 (+11.3%), from €17,254 to €19,207
- Financial income -€1,515
down €1,515 (-34.6%), from €4,374 to €2,859
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,457 | €322,346 | +€29,889 | +10.2% |
| Fixed assets | 21/28 | €49,984 | €81,523 | +€31,539 | +63.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €49,984 | €81,523 | +€31,539 | +63.1% |
| Plant, machinery and equipment | 23 | €492 | €866 | +€374 | +76.1% |
| Furniture and vehicles | 24 | €37,662 | €73,033 | +€35,371 | +93.9% |
| Other tangible fixed assets | 26 | €11,830 | €7,624 | -€4,206 | -35.6% |
| Current assets | 29/58 | €242,473 | €240,824 | -€1,650 | -0.7% |
| Stocks and contracts in progress | 3 | €391 | - | -€391 | |
| Stocks | 30/36 | €391 | - | -€391 | |
| Amounts receivable within one year | 40/41 | €48,371 | €45,717 | -€2,655 | -5.5% |
| Trade receivables | 40 | €48,365 | €45,710 | -€2,656 | -5.5% |
| Other amounts receivable | 41 | €6 | €7 | +€1 | +14.5% |
| Current investments | 50/53 | €103,739 | €132,872 | +€29,133 | +28.1% |
| Cash at bank and in hand | 54/58 | €87,277 | €58,305 | -€28,972 | -33.2% |
| Deferred charges and accrued income | 490/1 | €2,696 | €3,931 | +€1,235 | +45.8% |
| Total equity and liabilities | 10/49 | €292,457 | €322,346 | +€29,889 | +10.2% |
| Equity | 10/15 | €220,655 | €259,886 | +€39,231 | +17.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €212,595 | €251,826 | +€39,231 | +18.5% |
| Distributable reserves | 133 | €212,595 | €251,826 | +€39,231 | +18.5% |
| Amounts payable | 17/49 | €71,802 | €62,461 | -€9,342 | -13.0% |
| Amounts payable within one year | 42/48 | €70,149 | €59,719 | -€10,430 | -14.9% |
| Trade debts | 44 | €5,678 | €3,368 | -€2,310 | -40.7% |
| Suppliers | 440/4 | €5,678 | €3,368 | -€2,310 | -40.7% |
| Taxes, remuneration and social security | 45 | €13,724 | €13,831 | +€106 | +0.8% |
| Taxes | 450/3 | €13,724 | €13,831 | +€106 | +0.8% |
| Other amounts payable | 47/48 | €50,747 | €42,520 | -€8,227 | -16.2% |
| Accrued charges and deferred income | 492/3 | €1,653 | €2,742 | +€1,089 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,254 | €19,207 | +€1,954 | +11.3% |
| Other operating charges | 640/8 | €613 | €628 | +€14 | +2.3% |
| Gross operating margin | 9900 | €104,672 | €129,517 | +€24,845 | +23.7% |
| Operating profit (loss) | 9901 | €86,805 | €109,682 | +€22,877 | +26.4% |
| Financial income | 75/76B | €4,374 | €2,859 | -€1,515 | -34.6% |
| Recurring financial income | 75 | €4,374 | €2,859 | -€1,515 | -34.6% |
| Financial charges | 65/66B | €1,006 | €201 | -€805 | -80.0% |
| Recurring financial charges | 65 | €1,006 | €201 | -€805 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €90,173 | €112,340 | +€22,167 | +24.6% |
| Income taxes | 67/77 | €28,805 | €36,892 | +€8,087 | +28.1% |
| Profit (loss) for the period | 9904 | €61,368 | €75,448 | +€14,081 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,368 | €75,448 | +€14,081 | +22.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.