Guillaume 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.
Guillaume Delforce
Largest movements
- Tangible fixed assets -€16,960
down €16,960 (-26.6%), from €63,814 to €46,853
- Cash +€4,255
up €4,255 (+1,189%), from €358 to €4,613
mainly Depreciation (+€16,960) and Other debts (+€3,519)
- Receivables within one year +€1,409
up €1,409 (+19.8%), from €7,107 to €8,516
of which Trade receivables: +€1,239
- Debts after one year -€15,604
down €15,604 (-34.8%), from €44,867 to €29,263
- Other debts +€3,519
up €3,519 (+34.2%), from €10,280 to €13,799
- Gross operating margin +€13,392
up €13,392 (+196%), from €6,824 to €20,216
- Financial charges -€499
down €499 (-18.3%), from €2,730 to €2,231
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 | €74,660 | €62,712 | -€11,948 | -16.0% |
| Fixed assets | 21/28 | €63,814 | €46,853 | -€16,960 | -26.6% |
| Tangible fixed assets | 22/27 | €63,814 | €46,853 | -€16,960 | -26.6% |
| Furniture and vehicles | 24 | €63,814 | €46,853 | -€16,960 | -26.6% |
| Current assets | 29/58 | €10,847 | €15,859 | +€5,012 | +46.2% |
| Amounts receivable within one year | 40/41 | €7,107 | €8,516 | +€1,409 | +19.8% |
| Trade receivables | 40 | €6,571 | €7,810 | +€1,239 | +18.9% |
| Other amounts receivable | 41 | €536 | €706 | +€170 | +31.8% |
| Cash at bank and in hand | 54/58 | €358 | €4,613 | +€4,255 | +1,189% |
| Deferred charges and accrued income | 490/1 | €3,382 | €2,730 | -€652 | -19.3% |
| Total equity and liabilities | 10/49 | €74,660 | €62,712 | -€11,948 | -16.0% |
| Equity | 10/15 | €1,387 | €1,167 | -€221 | -15.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,613 | -€3,833 | -€221 | -6.1% |
| Amounts payable | 17/49 | €73,273 | €61,545 | -€11,728 | -16.0% |
| Amounts payable after more than one year | 17 | €44,867 | €29,263 | -€15,604 | -34.8% |
| Financial debts | 170/4 | €44,867 | €29,263 | -€15,604 | -34.8% |
| Amounts payable within one year | 42/48 | €28,406 | €32,282 | +€3,876 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €15,055 | €15,604 | +€548 | +3.6% |
| Trade debts | 44 | €732 | €540 | -€191 | -26.2% |
| Suppliers | 440/4 | €732 | €540 | -€191 | -26.2% |
| Taxes, remuneration and social security | 45 | €2,339 | €2,339 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,339 | €2,339 | = | 0.0% |
| Other amounts payable | 47/48 | €10,280 | €13,799 | +€3,519 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,860 | €16,960 | +€100 | +0.6% |
| Other operating charges | 640/8 | €935 | €1,071 | +€136 | +14.6% |
| Gross operating margin | 9900 | €6,824 | €20,216 | +€13,392 | +196% |
| Operating profit (loss) | 9901 | -€10,971 | €2,184 | +€13,155 | |
| Financial charges | 65/66B | €2,730 | €2,231 | -€499 | -18.3% |
| Recurring financial charges | 65 | €2,730 | €2,231 | -€499 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,701 | -€47 | +€13,655 | +99.7% |
| Income taxes | 67/77 | - | €174 | +€174 | |
| Profit (loss) for the period | 9904 | -€13,701 | -€221 | +€13,481 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,701 | -€221 | +€13,481 | +98.4% |
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 24 October 2026 via checked.be.