Gauthier Lust Management: what changed
What changed
Gauthier Lust Management
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€38,750
2024 · €42,962-€4,212
Equity
€154,351
2024 · €115,601+€38,750
Cash
€18,704
2024 · €1,906+€16,798
Balance sheet total
€301,986
2024 · €205,804+€96,182
Largest movements
Assets
- Receivables within one year +€87,376
up €87,376 (+158%), from €55,290 to €142,667
of which Trade receivables: +€53,190
- Cash +€16,798
up €16,798 (+881%), from €1,906 to €18,704
mainly Net result for the year (+€38,750) and Trade debts (+€38,098)
- Deferred charges and accrued income -€7,148
down €7,148 (-33.7%), from €21,210 to €14,062
Equity and liabilities
- Profit (loss) carried forward +€38,750
up €38,750 (+40.7%), from €95,141 to €133,891
- Trade debts +€38,098
up €38,098 (+157%), from €24,314 to €62,412
- Short-term financial debts +€15,000
new in 2025: €15,000
- Tax, wage and social debts -€12,218
down €12,218 (-32.4%), from €37,732 to €25,514
of which Taxes: -€14,853
- Debts after one year +€10,370
up €10,370 (+53.5%), from €19,396 to €29,767
Income statement
- Financial charges +€6,254
up €6,254 (+256%), from €2,446 to €8,699
- Gross operating margin +€5,486
up €5,486 (+8.1%), from €67,416 to €72,902
- Taxes +€2,708
up €2,708 (+19.2%), from €14,094 to €16,802
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.
Result 2024
€42,962
Gross operating margin
+€5,486
Depreciation
-€419
Other operating charges
-€317
Financial charges
-€6,254
Taxes
-€2,708
Result 2025
€38,750
raises the resultlowers the result
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.
From operations
-€12,063
Investment
-€2,396
Financing
+€31,258
Cash 2024
€1,906
From operations (derived)
-€12,063
Net result for the year
+€38,750
Depreciation
+€3,240
Receivables within one year
-€87,376
Deferred charges and accrued income
+€7,148
Trade debts
+€38,098
Tax, wage and social debts
-€12,218
Accrued charges and deferred income
+€295
Investment (derived)
-€2,396
Investment in fixed assets (net)
-€2,396
Financing
+€31,258
Debts after one year
+€10,370
Current portion of long-term debt
+€5,887
Short-term financial debts
+€15,000
Cash 2025
€18,704
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,804 | €301,986 | +€96,182 | +46.7% |
| Fixed assets | 21/28 | €127,397 | €126,553 | -€844 | -0.7% |
| Tangible fixed assets | 22/27 | €7,268 | €6,424 | -€844 | -11.6% |
| Furniture and vehicles | 24 | €5,585 | €2,727 | -€2,858 | -51.2% |
| Other tangible fixed assets | 26 | €1,684 | €3,698 | +€2,014 | +120% |
| Financial fixed assets | 28 | €120,129 | €120,129 | = | 0.0% |
| Current assets | 29/58 | €78,406 | €175,433 | +€97,026 | +124% |
| Amounts receivable within one year | 40/41 | €55,290 | €142,667 | +€87,376 | +158% |
| Trade receivables | 40 | €41,497 | €94,687 | +€53,190 | +128% |
| Other amounts receivable | 41 | €13,793 | €47,980 | +€34,186 | +248% |
| Cash at bank and in hand | 54/58 | €1,906 | €18,704 | +€16,798 | +881% |
| Deferred charges and accrued income | 490/1 | €21,210 | €14,062 | -€7,148 | -33.7% |
| Total equity and liabilities | 10/49 | €205,804 | €301,986 | +€96,182 | +46.7% |
| Equity | 10/15 | €115,601 | €154,351 | +€38,750 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,141 | €133,891 | +€38,750 | +40.7% |
| Amounts payable | 17/49 | €90,203 | €147,635 | +€57,432 | +63.7% |
| Amounts payable after more than one year | 17 | €19,396 | €29,767 | +€10,370 | +53.5% |
| Financial debts | 170/4 | €19,396 | €29,767 | +€10,370 | +53.5% |
| Amounts payable within one year | 42/48 | €70,744 | €117,510 | +€46,767 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €8,697 | €14,584 | +€5,887 | +67.7% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €24,314 | €62,412 | +€38,098 | +157% |
| Suppliers | 440/4 | €24,314 | €62,412 | +€38,098 | +157% |
| Taxes, remuneration and social security | 45 | €37,732 | €25,514 | -€12,218 | -32.4% |
| Taxes | 450/3 | €37,732 | €22,879 | -€14,853 | -39.4% |
| Remuneration and social security | 454/9 | - | €2,635 | +€2,635 | |
| Accrued charges and deferred income | 492/3 | €63 | €358 | +€295 | +471% |
| Non-recurring operating income | 76A | €18,182 | - | -€18,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,821 | €3,240 | +€419 | +14.9% |
| Other operating charges | 640/8 | €5,093 | €5,410 | +€317 | +6.2% |
| Gross operating margin | 9900 | €67,416 | €72,902 | +€5,486 | +8.1% |
| Operating profit (loss) | 9901 | €59,502 | €64,251 | +€4,749 | +8.0% |
| Financial charges | 65/66B | €2,446 | €8,699 | +€6,254 | +256% |
| Recurring financial charges | 65 | €2,446 | €8,699 | +€6,254 | +256% |
| Profit (loss) for the period before taxes | 9903 | €57,057 | €55,552 | -€1,504 | -2.6% |
| Income taxes | 67/77 | €14,094 | €16,802 | +€2,708 | +19.2% |
| Profit (loss) for the period | 9904 | €42,962 | €38,750 | -€4,212 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,962 | €38,750 | -€4,212 | -9.8% |
Next steps
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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.