GUIDO WUYTS: 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 WUYTS
Largest movements
- Tangible fixed assets +€86,201
up €86,201 (+4.3%), from €2.0m to €2.1m
of which Furniture and vehicles: +€104,492
- Cash -€57,891
down €57,891 (-54.4%), from €106,502 to €48,611
mainly Advances received (-€147,343) and Investment in fixed assets (net) (-€108,646)
- Current investments +€33,567
up €33,567 (+8.2%), from €407,992 to €441,558
- Reserves +€192,581
up €192,581 (+7.5%), from €2.6m to €2.8m
of which Distributable reserves: +€192,581
- Advances received -€147,343
down €147,343 (-85.9%), from €171,543 to €24,200
- Financial income -€51,821
down €51,821 (-75.2%), from €68,937 to €17,116
- Gross operating margin -€23,550
down €23,550 (-8.0%), from €293,349 to €269,799
- Depreciation -€23,438
down €23,438 (-51.1%), from €45,883 to €22,445
- Taxes -€21,204
down €21,204 (-21.6%), from €98,068 to €76,864
- Financial charges -€19,489
down €19,489, from €12,381 to -€7,109
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,842,050 | €2,922,043 | +€79,993 | +2.8% |
| Fixed assets | 21/28 | €2,015,623 | €2,101,824 | +€86,201 | +4.3% |
| Tangible fixed assets | 22/27 | €2,012,273 | €2,098,474 | +€86,201 | +4.3% |
| Land and buildings | 22 | €455,888 | €441,850 | -€14,038 | -3.1% |
| Furniture and vehicles | 24 | €1,525,421 | €1,629,912 | +€104,492 | +6.9% |
| Other tangible fixed assets | 26 | €30,964 | €26,711 | -€4,253 | -13.7% |
| Financial fixed assets | 28 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €826,427 | €820,220 | -€6,208 | -0.8% |
| Amounts receivable after more than one year | 29 | €310,000 | €310,000 | = | 0.0% |
| Other amounts receivable | 291 | €310,000 | €310,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,104 | €20,000 | +€18,896 | +1,711% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €1,104 | €0 | -€1,104 | -100% |
| Current investments | 50/53 | €407,992 | €441,558 | +€33,567 | +8.2% |
| Cash at bank and in hand | 54/58 | €106,502 | €48,611 | -€57,891 | -54.4% |
| Deferred charges and accrued income | 490/1 | €829 | €50 | -€779 | -94.0% |
| Total equity and liabilities | 10/49 | €2,842,050 | €2,922,043 | +€79,993 | +2.8% |
| Equity | 10/15 | €2,575,689 | €2,768,270 | +€192,581 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,569,489 | €2,762,070 | +€192,581 | +7.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,569,489 | €2,762,070 | +€192,581 | +7.5% |
| Amounts payable | 17/49 | €266,361 | €153,773 | -€112,588 | -42.3% |
| Amounts payable within one year | 42/48 | €198,848 | €63,169 | -€135,679 | -68.2% |
| Trade debts | 44 | €1,727 | €2,096 | +€369 | +21.4% |
| Suppliers | 440/4 | €1,727 | €2,096 | +€369 | +21.4% |
| Advances received on contracts in progress | 46 | €171,543 | €24,200 | -€147,343 | -85.9% |
| Taxes, remuneration and social security | 45 | €21,204 | €34,825 | +€13,621 | +64.2% |
| Taxes | 450/3 | €21,204 | €34,825 | +€13,621 | +64.2% |
| Other amounts payable | 47/48 | €4,375 | €2,048 | -€2,327 | -53.2% |
| Accrued charges and deferred income | 492/3 | €67,513 | €90,604 | +€23,091 | +34.2% |
| Non-recurring operating income | 76A | €39,708 | €9,050 | -€30,658 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,883 | €22,445 | -€23,438 | -51.1% |
| Other operating charges | 640/8 | €5,129 | €2,134 | -€2,995 | -58.4% |
| Gross operating margin | 9900 | €293,349 | €269,799 | -€23,550 | -8.0% |
| Operating profit (loss) | 9901 | €242,338 | €245,220 | +€2,883 | +1.2% |
| Financial income | 75/76B | €68,937 | €17,116 | -€51,821 | -75.2% |
| Recurring financial income | 75 | €68,937 | €17,116 | -€51,821 | -75.2% |
| Financial charges | 65/66B | €12,381 | -€7,109 | -€19,489 | |
| Recurring financial charges | 65 | €12,381 | -€7,109 | -€19,489 | |
| Profit (loss) for the period before taxes | 9903 | €298,894 | €269,445 | -€29,449 | -9.9% |
| Income taxes | 67/77 | €98,068 | €76,864 | -€21,204 | -21.6% |
| Profit (loss) for the period | 9904 | €200,826 | €192,581 | -€8,245 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €200,826 | €192,581 | -€8,245 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.