G. Depuydt: what changed
G. Depuydt
Largest movements
- Receivables within one year -€2.2m
down €2.2m (-98.2%), from €2.2m to €40,859
of which Other amounts receivable: -€2.2m
- Financial fixed assets +€1.2m
up €1.2m, from €0 to €1.2m
- Cash +€36,233
up €36,233 (+881%), from €4,113 to €40,346
mainly Receivables within one year (+€2.2m) and Other debts (+€112,104)
- Current portion of long-term debt -€1.0m
down €1.0m (-96.5%), from €1.1m to €36,850
- Debts after one year -€143,888
down €143,888 (-37.0%), from €388,470 to €244,583
- Other debts +€112,104
up €112,104 (+321%), from €34,870 to €146,974
- Trade debts +€78,303
up €78,303 (+1,017%), from €7,700 to €86,003
- Tax, wage and social debts -€74,679
down €74,679 (-78.3%), from €95,390 to €20,711
- Financial income -€949,101
down €949,101 (-100%), from €949,101 to €0
of which Non-recurring financial income: -€949,101
- Gross operating margin +€66,907
up €66,907 (+86.4%), from €77,401 to €144,308
- Taxes -€58,963
down €58,963 (-68.8%), from €85,669 to €26,706
- Financial charges -€35,721
down €35,721 (-60.6%), from €58,954 to €23,233
- Depreciation +€5,019
up €5,019 (+20.3%), from €24,775 to €29,793
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 | €2,634,031 | €1,642,972 | -€991,060 | -37.6% |
| Fixed assets | 21/28 | €413,392 | €1,561,767 | +€1.1m | +278% |
| Tangible fixed assets | 22/27 | €413,392 | €405,680 | -€7,712 | -1.9% |
| Land and buildings | 22 | €288,913 | €281,326 | -€7,588 | -2.6% |
| Plant, machinery and equipment | 23 | €110,648 | €114,904 | +€4,256 | +3.8% |
| Furniture and vehicles | 24 | €13,830 | €9,451 | -€4,380 | -31.7% |
| Financial fixed assets | 28 | €0 | €1,156,087 | +€1.2m | |
| Current assets | 29/58 | €2,220,640 | €81,205 | -€2.1m | -96.3% |
| Amounts receivable within one year | 40/41 | €2,216,526 | €40,859 | -€2.2m | -98.2% |
| Trade receivables | 40 | €35,517 | €40,859 | +€5,343 | +15.0% |
| Other amounts receivable | 41 | €2,181,010 | €0 | -€2.2m | -100% |
| Cash at bank and in hand | 54/58 | €4,113 | €40,346 | +€36,233 | +881% |
| Total equity and liabilities | 10/49 | €2,634,031 | €1,642,972 | -€991,060 | -37.6% |
| Equity | 10/15 | €1,044,186 | €1,100,938 | +€56,752 | +5.4% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Reserves | 13 | €992,186 | €1,048,938 | +€56,752 | +5.7% |
| Distributable reserves | 133 | €992,186 | €1,048,938 | +€56,752 | +5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,589,846 | €542,034 | -€1.0m | -65.9% |
| Amounts payable after more than one year | 17 | €388,470 | €244,583 | -€143,888 | -37.0% |
| Financial debts | 170/4 | €388,470 | €244,583 | -€143,888 | -37.0% |
| Amounts payable within one year | 42/48 | €1,201,375 | €290,537 | -€910,838 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €1,063,415 | €36,850 | -€1.0m | -96.5% |
| Trade debts | 44 | €7,700 | €86,003 | +€78,303 | +1,017% |
| Suppliers | 440/4 | €7,700 | €86,003 | +€78,303 | +1,017% |
| Taxes, remuneration and social security | 45 | €95,390 | €20,711 | -€74,679 | -78.3% |
| Taxes | 450/3 | €95,390 | €20,711 | -€74,679 | -78.3% |
| Other amounts payable | 47/48 | €34,870 | €146,974 | +€112,104 | +321% |
| Accrued charges and deferred income | 492/3 | - | €6,913 | +€6,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,775 | €29,793 | +€5,019 | +20.3% |
| Other operating charges | 640/8 | €5,288 | €6,098 | +€810 | +15.3% |
| Non-recurring operating charges | 66A | - | €892 | +€892 | |
| Gross operating margin | 9900 | €77,401 | €144,308 | +€66,907 | +86.4% |
| Operating profit (loss) | 9901 | €47,338 | €107,524 | +€60,186 | +127% |
| Financial income | 75/76B | €949,101 | €0 | -€949,101 | -100% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €949,101 | €0 | -€949,101 | -100% |
| Financial charges | 65/66B | €58,954 | €23,233 | -€35,721 | -60.6% |
| Recurring financial charges | 65 | €58,954 | €23,233 | -€35,721 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €937,485 | €84,291 | -€853,194 | -91.0% |
| Income taxes | 67/77 | €85,669 | €26,706 | -€58,963 | -68.8% |
| Profit (loss) for the period | 9904 | €851,816 | €57,585 | -€794,230 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €851,816 | €57,585 | -€794,230 | -93.2% |
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 4 November 2026 via checked.be.