GUILLAUME PIERRE: what changed
What changed
GUILLAUME PIERRE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€717
2024 · €34,715-€35,432
Equity
€1,783
2024 · €37,215-€35,432
Cash
€33,159
2024 · €33,845-€686
Balance sheet total
€614,984
2024 · €124,650+€490,335
Largest movements
Assets
- Tangible fixed assets +€498,536
up €498,536 (+44,870%), from €1,111 to €499,647
of which Land and buildings: +€498,987
- Receivables within one year -€15,367
down €15,367 (-33.7%), from €45,617 to €30,250
of which Trade receivables: -€23,617
- Current investments +€7,129
up €7,129 (+17.3%), from €41,270 to €48,399
Equity and liabilities
- Debts after one year +€415,640
new in 2025: €415,640
- Other debts +€111,819
up €111,819 (+208%), from €53,836 to €165,655
- Reserves -€34,715
no longer reported in 2025 (was €34,715)
- Tax, wage and social debts -€17,564
down €17,564 (-62.0%), from €28,345 to €10,781
- Current portion of long-term debt +€14,360
new in 2025: €14,360
Income statement
- Depreciation +€67,831
up €67,831 (+3,806%), from €1,782 to €69,614
- Gross operating margin +€46,501
up €46,501 (+93.8%), from €49,566 to €96,067
- Financial charges +€21,984
up €21,984 (+775%), from €2,838 to €24,823
- Taxes -€7,669
down €7,669 (-81.1%), from €9,462 to €1,792
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
€34,715
Gross operating margin
+€46,501
Depreciation
-€67,831
Other operating charges
+€208
Financial income
+€6
Financial charges
-€21,984
Taxes
+€7,669
Result 2025
-€717
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
+€179,308
Investment
-€575,278
Financing
+€395,285
Cash 2024
€33,845
From operations (derived)
+€179,308
Net result for the year
-€717
Depreciation
+€69,614
Receivables within one year
+€15,367
Deferred charges and accrued income
-€723
Trade debts
+€1,512
Tax, wage and social debts
-€17,564
Other debts
+€111,819
Investment (derived)
-€575,278
Investment in fixed assets (net)
-€568,150
Current investments
-€7,129
Financing
+€395,285
Debts after one year
+€415,640
Current portion of long-term debt
+€14,360
Contributions, distributions and other
-€34,715
Cash 2025
€33,159
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,650 | €614,984 | +€490,335 | +393% |
| Fixed assets | 21/28 | €1,111 | €499,647 | +€498,536 | +44,870% |
| Tangible fixed assets | 22/27 | €1,111 | €499,647 | +€498,536 | +44,870% |
| Land and buildings | 22 | - | €498,987 | +€498,987 | |
| Plant, machinery and equipment | 23 | €897 | €537 | -€360 | -40.1% |
| Furniture and vehicles | 24 | €214 | €123 | -€91 | -42.5% |
| Current assets | 29/58 | €123,539 | €115,337 | -€8,201 | -6.6% |
| Amounts receivable within one year | 40/41 | €45,617 | €30,250 | -€15,367 | -33.7% |
| Trade receivables | 40 | €45,617 | €22,000 | -€23,617 | -51.8% |
| Other amounts receivable | 41 | - | €8,250 | +€8,250 | |
| Current investments | 50/53 | €41,270 | €48,399 | +€7,129 | +17.3% |
| Cash at bank and in hand | 54/58 | €33,845 | €33,159 | -€686 | -2.0% |
| Deferred charges and accrued income | 490/1 | €2,806 | €3,529 | +€723 | +25.7% |
| Total equity and liabilities | 10/49 | €124,650 | €614,984 | +€490,335 | +393% |
| Equity | 10/15 | €37,215 | €1,783 | -€35,432 | -95.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,715 | - | -€34,715 | |
| Distributable reserves | 133 | €34,715 | - | -€34,715 | |
| Profit (loss) carried forward | 14 | - | -€717 | -€717 | |
| Amounts payable | 17/49 | €87,435 | €613,201 | +€525,767 | +601% |
| Amounts payable after more than one year | 17 | - | €415,640 | +€415,640 | |
| Financial debts | 170/4 | - | €415,640 | +€415,640 | |
| Amounts payable within one year | 42/48 | €87,435 | €197,562 | +€110,127 | +126% |
| Current portion of amounts payable after more than one year | 42 | - | €14,360 | +€14,360 | |
| Trade debts | 44 | €5,254 | €6,766 | +€1,512 | +28.8% |
| Suppliers | 440/4 | €5,254 | €6,766 | +€1,512 | +28.8% |
| Taxes, remuneration and social security | 45 | €28,345 | €10,781 | -€17,564 | -62.0% |
| Taxes | 450/3 | €28,345 | €10,781 | -€17,564 | -62.0% |
| Other amounts payable | 47/48 | €53,836 | €165,655 | +€111,819 | +208% |
| Non-recurring operating income | 76A | €1,646 | - | -€1,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,782 | €69,614 | +€67,831 | +3,806% |
| Other operating charges | 640/8 | €769 | €561 | -€208 | -27.1% |
| Gross operating margin | 9900 | €49,566 | €96,067 | +€46,501 | +93.8% |
| Operating profit (loss) | 9901 | €47,015 | €25,892 | -€21,123 | -44.9% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,838 | €24,823 | +€21,984 | +775% |
| Recurring financial charges | 65 | €2,838 | €24,823 | +€21,984 | +775% |
| Profit (loss) for the period before taxes | 9903 | €44,177 | €1,075 | -€43,101 | -97.6% |
| Income taxes | 67/77 | €9,462 | €1,792 | -€7,669 | -81.1% |
| Profit (loss) for the period | 9904 | €34,715 | -€717 | -€35,432 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,715 | -€717 | -€35,432 |
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 8 November 2026 via checked.be.