GUIDO BAETEN: what changed
What changed
GUIDO BAETEN
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€138,471
2024 · €160,948-€22,477
Equity
€922,630
2024 · €839,427+€83,203
Cash
€305,689
2024 · €592,821-€287,132
Balance sheet total
€968,619
2024 · €892,567+€76,052
Largest movements
Assets
- Current investments +€400,000
new in 2025: €400,000
- Cash -€287,132
down €287,132 (-48.4%), from €592,821 to €305,689
mainly Current investments (-€400,000) and Contributions, distributions and other (-€55,268)
- Receivables within one year -€31,097
down €31,097 (-25.3%), from €123,068 to €91,972
Equity and liabilities
- Reserves +€84,869
up €84,869 (+11.3%), from €751,842 to €836,711
Income statement
- Gross operating margin -€32,471
down €32,471 (-13.0%), from €249,523 to €217,052
- Taxes -€9,604
down €9,604 (-13.5%), from €70,892 to €61,288
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
€160,948
Gross operating margin
-€32,471
Depreciation
-€1,357
Other operating charges
+€282
Financial income
+€1,309
Financial charges
+€156
Taxes
+€9,604
Result 2025
€138,471
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
+€192,072
Investment
-€415,929
Financing
-€63,275
Cash 2024
€592,821
From operations (derived)
+€192,072
Net result for the year
+€138,471
Depreciation
+€18,463
Receivables within one year
+€31,097
Deferred charges and accrued income
+€3,185
Trade debts
-€1,358
Tax, wage and social debts
-€1,669
Other debts
+€3,304
Accrued charges and deferred income
+€580
Investment (derived)
-€415,929
Investment in fixed assets (net)
-€15,929
Current investments
-€400,000
Financing
-€63,275
Debts after one year
-€2,697
Current portion of long-term debt
-€5,310
Contributions, distributions and other
-€55,268
Cash 2025
€305,689
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €892,567 | €968,619 | +€76,052 | +8.5% |
| Fixed assets | 21/28 | €168,657 | €166,123 | -€2,534 | -1.5% |
| Tangible fixed assets | 22/27 | €168,657 | €166,123 | -€2,534 | -1.5% |
| Furniture and vehicles | 24 | €10,108 | €19,025 | +€8,917 | +88.2% |
| Other tangible fixed assets | 26 | €158,549 | €147,098 | -€11,451 | -7.2% |
| Current assets | 29/58 | €723,910 | €802,496 | +€78,586 | +10.9% |
| Amounts receivable within one year | 40/41 | €123,068 | €91,972 | -€31,097 | -25.3% |
| Trade receivables | 40 | €123,068 | €91,972 | -€31,097 | -25.3% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €592,821 | €305,689 | -€287,132 | -48.4% |
| Deferred charges and accrued income | 490/1 | €8,021 | €4,836 | -€3,185 | -39.7% |
| Total equity and liabilities | 10/49 | €892,567 | €968,619 | +€76,052 | +8.5% |
| Equity | 10/15 | €839,427 | €922,630 | +€83,203 | +9.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €751,842 | €836,711 | +€84,869 | +11.3% |
| Distributable reserves | 133 | €751,842 | €836,711 | +€84,869 | +11.3% |
| Profit (loss) carried forward | 14 | €75,185 | €73,519 | -€1,666 | -2.2% |
| Amounts payable | 17/49 | €53,140 | €45,989 | -€7,151 | -13.5% |
| Amounts payable after more than one year | 17 | €2,697 | - | -€2,697 | |
| Financial debts | 170/4 | €2,697 | - | -€2,697 | |
| Amounts payable within one year | 42/48 | €49,897 | €44,864 | -€5,033 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €8,016 | €2,707 | -€5,310 | -66.2% |
| Trade debts | 44 | €6,984 | €5,625 | -€1,358 | -19.4% |
| Suppliers | 440/4 | €6,984 | €5,625 | -€1,358 | -19.4% |
| Taxes, remuneration and social security | 45 | €30,588 | €28,919 | -€1,669 | -5.5% |
| Taxes | 450/3 | €30,588 | €28,919 | -€1,669 | -5.5% |
| Other amounts payable | 47/48 | €4,310 | €7,613 | +€3,304 | +76.7% |
| Accrued charges and deferred income | 492/3 | €546 | €1,125 | +€580 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,106 | €18,463 | +€1,357 | +7.9% |
| Other operating charges | 640/8 | €2,287 | €2,005 | -€282 | -12.3% |
| Gross operating margin | 9900 | €249,523 | €217,052 | -€32,471 | -13.0% |
| Operating profit (loss) | 9901 | €230,130 | €196,584 | -€33,546 | -14.6% |
| Financial income | 75/76B | €2,859 | €4,168 | +€1,309 | +45.8% |
| Recurring financial income | 75 | €2,859 | €4,168 | +€1,309 | +45.8% |
| Financial charges | 65/66B | €1,149 | €994 | -€156 | -13.5% |
| Recurring financial charges | 65 | €1,149 | €994 | -€156 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €231,840 | €199,759 | -€32,081 | -13.8% |
| Income taxes | 67/77 | €70,892 | €61,288 | -€9,604 | -13.5% |
| Profit (loss) for the period | 9904 | €160,948 | €138,471 | -€22,477 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,948 | €138,471 | -€22,477 | -14.0% |
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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 2 November 2026 via checked.be.