GUIDO THYS: 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.
GUIDO THYS
Largest movements
- Receivables within one year +€203,675
up €203,675 (+96.8%), from €210,399 to €414,074
of which Other amounts receivable: +€233,710
- Cash -€23,855
down €23,855 (-28.3%), from €84,238 to €60,382
mainly Receivables within one year (-€203,675) and Contributions, distributions and other (-€179,162)
- Tangible fixed assets -€15,140
down €15,140 (-21.3%), from €71,106 to €55,965
- Other debts +€148,672
up €148,672 (+31.5%), from €471,906 to €620,578
- Reserves +€86,819
up €86,819 (+13.1%), from €661,553 to €748,373
- Tax, wage and social debts -€41,931
down €41,931 (-59.8%), from €70,160 to €28,230
of which Taxes: -€39,685
- Debts after one year -€20,281
down €20,281 (-59.3%), from €34,206 to €13,925
- Financial income +€118,506
up €118,506 (+85.3%), from €138,907 to €257,413
- Taxes +€30,561
up €30,561 (+304%), from €10,063 to €40,624
- Depreciation +€10,544
up €10,544 (+229%), from €4,596 to €15,140
- Gross operating margin +€6,244
up €6,244 (+6.5%), from €96,548 to €102,793
- Financial charges -€3,300
down €3,300 (-8.6%), from €38,473 to €35,172
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 | €1,298,977 | €1,468,190 | +€169,212 | +13.0% |
| Fixed assets | 21/28 | €1,001,106 | €985,965 | -€15,140 | -1.5% |
| Tangible fixed assets | 22/27 | €71,106 | €55,965 | -€15,140 | -21.3% |
| Furniture and vehicles | 24 | €71,106 | €55,965 | -€15,140 | -21.3% |
| Financial fixed assets | 28 | €930,000 | €930,000 | = | 0.0% |
| Current assets | 29/58 | €297,872 | €482,224 | +€184,353 | +61.9% |
| Amounts receivable within one year | 40/41 | €210,399 | €414,074 | +€203,675 | +96.8% |
| Trade receivables | 40 | €60,500 | €30,464 | -€30,036 | -49.6% |
| Other amounts receivable | 41 | €149,899 | €383,610 | +€233,710 | +156% |
| Cash at bank and in hand | 54/58 | €84,238 | €60,382 | -€23,855 | -28.3% |
| Deferred charges and accrued income | 490/1 | €3,235 | €7,768 | +€4,533 | +140% |
| Total equity and liabilities | 10/49 | €1,298,977 | €1,468,190 | +€169,212 | +13.0% |
| Equity | 10/15 | €664,553 | €751,373 | +€86,819 | +13.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €661,553 | €748,373 | +€86,819 | +13.1% |
| Distributable reserves | 133 | €661,553 | €748,373 | +€86,819 | +13.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €634,424 | €716,817 | +€82,393 | +13.0% |
| Amounts payable after more than one year | 17 | €34,206 | €13,925 | -€20,281 | -59.3% |
| Financial debts | 170/4 | €34,206 | €13,925 | -€20,281 | -59.3% |
| Amounts payable within one year | 42/48 | €562,532 | €669,239 | +€106,707 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €19,576 | €20,281 | +€705 | +3.6% |
| Trade debts | 44 | €889 | €150 | -€739 | -83.1% |
| Suppliers | 440/4 | €889 | €150 | -€739 | -83.1% |
| Taxes, remuneration and social security | 45 | €70,160 | €28,230 | -€41,931 | -59.8% |
| Taxes | 450/3 | €67,914 | €28,230 | -€39,685 | -58.4% |
| Remuneration and social security | 454/9 | €2,246 | €0 | -€2,246 | -100% |
| Other amounts payable | 47/48 | €471,906 | €620,578 | +€148,672 | +31.5% |
| Accrued charges and deferred income | 492/3 | €37,686 | €33,653 | -€4,033 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,596 | €15,140 | +€10,544 | +229% |
| Other operating charges | 640/8 | €3,161 | €3,288 | +€126 | +4.0% |
| Gross operating margin | 9900 | €96,548 | €102,793 | +€6,244 | +6.5% |
| Operating profit (loss) | 9901 | €88,791 | €84,365 | -€4,426 | -5.0% |
| Financial income | 75/76B | €138,907 | €257,413 | +€118,506 | +85.3% |
| Recurring financial income | 75 | €138,907 | €257,413 | +€118,506 | +85.3% |
| Financial charges | 65/66B | €38,473 | €35,172 | -€3,300 | -8.6% |
| Recurring financial charges | 65 | €38,473 | €35,172 | -€3,300 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €189,225 | €306,605 | +€117,380 | +62.0% |
| Income taxes | 67/77 | €10,063 | €40,624 | +€30,561 | +304% |
| Profit (loss) for the period | 9904 | €179,162 | €265,981 | +€86,819 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €179,162 | €265,981 | +€86,819 | +48.5% |
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 22 October 2026 via checked.be.