Gauthier Delforce: 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.
Gauthier Delforce
Largest movements
- Tangible fixed assets -€17,517
down €17,517 (-25.4%), from €69,066 to €51,549
- Cash -€3,665
down €3,665 (-41.6%), from €8,802 to €5,137
mainly Debts after one year (-€25,838) and Net result for the year (-€4,501)
- Deferred charges and accrued income +€1,055
up €1,055 (+67.3%), from €1,569 to €2,624
- Receivables within one year -€899
down €899 (-12.8%), from €7,047 to €6,148
of which Trade receivables: -€6,886
- Debts after one year -€25,838
down €25,838 (-38.0%), from €68,070 to €42,231
- Current portion of long-term debt +€10,544
up €10,544 (+202%), from €5,220 to €15,764
- Profit (loss) carried forward -€2,272
new in 2025: -€2,272
- Reserves -€2,229
no longer reported in 2025 (was €2,229)
- Other debts -€1,780
no longer reported in 2025 (was €1,780)
- Gross operating margin +€10,906
up €10,906 (+180%), from €6,060 to €16,966
- Depreciation +€2,771
up €2,771 (+18.8%), from €14,746 to €17,517
- Financial charges +€2,306
up €2,306 (+363%), from €636 to €2,941
- Other operating charges -€373
down €373 (-30.0%), from €1,244 to €871
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 | €86,484 | €65,458 | -€21,026 | -24.3% |
| Fixed assets | 21/28 | €69,066 | €51,549 | -€17,517 | -25.4% |
| Tangible fixed assets | 22/27 | €69,066 | €51,549 | -€17,517 | -25.4% |
| Furniture and vehicles | 24 | €69,066 | €51,549 | -€17,517 | -25.4% |
| Current assets | 29/58 | €17,418 | €13,909 | -€3,509 | -20.1% |
| Amounts receivable within one year | 40/41 | €7,047 | €6,148 | -€899 | -12.8% |
| Trade receivables | 40 | €6,886 | - | -€6,886 | |
| Other amounts receivable | 41 | €161 | €6,148 | +€5,987 | +3,717% |
| Cash at bank and in hand | 54/58 | €8,802 | €5,137 | -€3,665 | -41.6% |
| Deferred charges and accrued income | 490/1 | €1,569 | €2,624 | +€1,055 | +67.3% |
| Total equity and liabilities | 10/49 | €86,484 | €65,458 | -€21,026 | -24.3% |
| Equity | 10/15 | €7,229 | €2,728 | -€4,501 | -62.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,229 | - | -€2,229 | |
| Distributable reserves | 133 | €2,229 | - | -€2,229 | |
| Profit (loss) carried forward | 14 | - | -€2,272 | -€2,272 | |
| Amounts payable | 17/49 | €79,255 | €62,730 | -€16,526 | -20.9% |
| Amounts payable after more than one year | 17 | €68,070 | €42,231 | -€25,838 | -38.0% |
| Financial debts | 170/4 | €68,070 | €42,231 | -€25,838 | -38.0% |
| Amounts payable within one year | 42/48 | €11,185 | €20,498 | +€9,313 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €5,220 | €15,764 | +€10,544 | +202% |
| Trade debts | 44 | €2,020 | €2,587 | +€567 | +28.1% |
| Suppliers | 440/4 | €2,020 | €2,587 | +€567 | +28.1% |
| Taxes, remuneration and social security | 45 | €2,165 | €2,147 | -€18 | -0.8% |
| Taxes | 450/3 | €5 | €5 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,160 | €2,142 | -€18 | -0.8% |
| Other amounts payable | 47/48 | €1,780 | - | -€1,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,746 | €17,517 | +€2,771 | +18.8% |
| Other operating charges | 640/8 | €1,244 | €871 | -€373 | -30.0% |
| Gross operating margin | 9900 | €6,060 | €16,966 | +€10,906 | +180% |
| Operating profit (loss) | 9901 | -€9,930 | -€1,422 | +€8,508 | +85.7% |
| Financial charges | 65/66B | €636 | €2,941 | +€2,306 | +363% |
| Recurring financial charges | 65 | €636 | €2,941 | +€2,306 | +363% |
| Profit (loss) for the period before taxes | 9903 | -€10,566 | -€4,364 | +€6,202 | +58.7% |
| Income taxes | 67/77 | - | €137 | +€137 | |
| Profit (loss) for the period | 9904 | -€10,566 | -€4,501 | +€6,065 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,566 | -€4,501 | +€6,065 | +57.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.