Domein De Ghellinck: 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.
Domein De Ghellinck
Largest movements
- Cash +€14,010
up €14,010 (+9.0%), from €155,878 to €169,888
mainly Depreciation (+€41,754) and Net result for the year (+€34,289)
- Reserves +€34,289
up €34,289 (+22.5%), from €152,357 to €186,645
- Trade debts -€13,209
down €13,209 (-61.2%), from €21,588 to €8,380
- Tax, wage and social debts -€8,108
down €8,108 (-31.6%), from €25,674 to €17,566
of which Remuneration and social security: -€8,510
- Debts after one year -€6,756
down €6,756 (-2.5%), from €275,510 to €268,754
of which Financial debts: -€10,880
- Gross operating margin +€18,962
up €18,962 (+10.2%), from €185,584 to €204,545
- Staff costs -€6,216
down €6,216 (-6.0%), from €103,824 to €97,608
- Depreciation +€6,064
up €6,064 (+17.0%), from €35,689 to €41,754
- Taxes +€4,839
up €4,839 (+56.4%), from €8,576 to €13,415
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 | €525,758 | €537,729 | +€11,971 | +2.3% |
| Fixed assets | 21/28 | €347,767 | €345,270 | -€2,498 | -0.7% |
| Tangible fixed assets | 22/27 | €341,379 | €338,819 | -€2,560 | -0.7% |
| Plant, machinery and equipment | 23 | €5,916 | €4,483 | -€1,433 | -24.2% |
| Furniture and vehicles | 24 | €56,930 | €72,722 | +€15,792 | +27.7% |
| Other tangible fixed assets | 26 | €278,533 | €261,614 | -€16,919 | -6.1% |
| Financial fixed assets | 28 | €6,388 | €6,451 | +€62 | +1.0% |
| Current assets | 29/58 | €177,991 | €192,459 | +€14,468 | +8.1% |
| Stocks and contracts in progress | 3 | €5,348 | €6,174 | +€826 | +15.4% |
| Stocks | 30/36 | €5,348 | €6,174 | +€826 | +15.4% |
| Amounts receivable within one year | 40/41 | €5,966 | €5,600 | -€366 | -6.1% |
| Trade receivables | 40 | €434 | €207 | -€226 | -52.2% |
| Other amounts receivable | 41 | €5,533 | €5,393 | -€140 | -2.5% |
| Cash at bank and in hand | 54/58 | €155,878 | €169,888 | +€14,010 | +9.0% |
| Deferred charges and accrued income | 490/1 | €10,799 | €10,797 | -€2 | 0.0% |
| Total equity and liabilities | 10/49 | €525,758 | €537,729 | +€11,971 | +2.3% |
| Equity | 10/15 | €171,357 | €205,645 | +€34,289 | +20.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €152,357 | €186,645 | +€34,289 | +22.5% |
| Distributable reserves | 133 | €152,357 | €186,645 | +€34,289 | +22.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €354,401 | €332,083 | -€22,318 | -6.3% |
| Amounts payable after more than one year | 17 | €275,510 | €268,754 | -€6,756 | -2.5% |
| Financial debts | 170/4 | €190,865 | €179,985 | -€10,880 | -5.7% |
| Other amounts payable | 178/9 | €84,645 | €88,769 | +€4,124 | +4.9% |
| Amounts payable within one year | 42/48 | €77,997 | €61,315 | -€16,683 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €25,253 | €30,137 | +€4,883 | +19.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €21,588 | €8,380 | -€13,209 | -61.2% |
| Suppliers | 440/4 | €21,588 | €8,380 | -€13,209 | -61.2% |
| Taxes, remuneration and social security | 45 | €25,674 | €17,566 | -€8,108 | -31.6% |
| Taxes | 450/3 | €14,910 | €15,312 | +€402 | +2.7% |
| Remuneration and social security | 454/9 | €10,764 | €2,254 | -€8,510 | -79.1% |
| Other amounts payable | 47/48 | €5,482 | €5,233 | -€249 | -4.5% |
| Accrued charges and deferred income | 492/3 | €894 | €2,014 | +€1,121 | +125% |
| Non-recurring operating income | 76A | €0 | €12,500 | +€12,500 | |
| Remuneration, social security and pensions | 62 | €103,824 | €97,608 | -€6,216 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,689 | €41,754 | +€6,064 | +17.0% |
| Other operating charges | 640/8 | €3,727 | €3,695 | -€32 | -0.9% |
| Non-recurring operating charges | 66A | €769 | €379 | -€390 | -50.7% |
| Gross operating margin | 9900 | €185,584 | €204,545 | +€18,962 | +10.2% |
| Operating profit (loss) | 9901 | €41,574 | €61,109 | +€19,535 | +47.0% |
| Financial income | 75/76B | €65 | €22 | -€43 | -66.2% |
| Recurring financial income | 75 | €65 | €22 | -€43 | -66.2% |
| Financial charges | 65/66B | €14,406 | €13,428 | -€978 | -6.8% |
| Recurring financial charges | 65 | €14,406 | €13,428 | -€978 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €27,234 | €47,704 | +€20,470 | +75.2% |
| Income taxes | 67/77 | €8,576 | €13,415 | +€4,839 | +56.4% |
| Profit (loss) for the period | 9904 | €18,657 | €34,289 | +€15,631 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,657 | €34,289 | +€15,631 | +83.8% |
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 29 October 2026 via checked.be.