GUY CUYPERS: 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.
GUY CUYPERS
Largest movements
- Current investments +€185,975
up €185,975 (+32.2%), from €577,324 to €763,299
- Cash -€114,074
down €114,074 (-26.8%), from €425,406 to €311,332
mainly Current investments (-€185,975) and Investment in fixed assets (net) (-€51,072)
- Tangible fixed assets +€41,368
up €41,368 (+828%), from €4,998 to €46,366
of which Furniture and vehicles: +€43,550
- Receivables within one year +€21,194
up €21,194 (+53.8%), from €39,363 to €60,557
of which Trade receivables: +€28,726
- Reserves +€120,970
up €120,970 (+12.2%), from €995,269 to €1.1m
- Tax, wage and social debts +€14,875
up €14,875 (+319%), from €4,656 to €19,531
of which Taxes: +€14,911
- Gross operating margin -€110,673
down €110,673 (-57.0%), from €194,179 to €83,506
- Financial income +€86,217
up €86,217 (+678%), from €12,723 to €98,939
- Staff costs -€72,376
down €72,376 (-92.8%), from €78,013 to €5,637
- Taxes +€8,314
up €8,314 (+23.1%), from €36,063 to €44,376
- Depreciation +€6,911
up €6,911 (+466%), from €1,482 to €8,393
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 | €1,054,102 | €1,189,575 | +€135,473 | +12.9% |
| Fixed assets | 21/28 | €4,998 | €47,677 | +€42,679 | +854% |
| Tangible fixed assets | 22/27 | €4,998 | €46,366 | +€41,368 | +828% |
| Furniture and vehicles | 24 | €314 | €43,865 | +€43,550 | +13,848% |
| Other tangible fixed assets | 26 | €4,683 | €2,501 | -€2,183 | -46.6% |
| Financial fixed assets | 28 | - | €1,311 | +€1,311 | |
| Current assets | 29/58 | €1,049,105 | €1,141,899 | +€92,794 | +8.8% |
| Stocks and contracts in progress | 3 | €6,255 | €5,505 | -€750 | -12.0% |
| Stocks | 30/36 | €6,255 | €5,505 | -€750 | -12.0% |
| Amounts receivable within one year | 40/41 | €39,363 | €60,557 | +€21,194 | +53.8% |
| Trade receivables | 40 | €31,831 | €60,557 | +€28,726 | +90.2% |
| Other amounts receivable | 41 | €7,532 | - | -€7,532 | |
| Current investments | 50/53 | €577,324 | €763,299 | +€185,975 | +32.2% |
| Cash at bank and in hand | 54/58 | €425,406 | €311,332 | -€114,074 | -26.8% |
| Deferred charges and accrued income | 490/1 | €756 | €1,205 | +€449 | +59.5% |
| Total equity and liabilities | 10/49 | €1,054,102 | €1,189,575 | +€135,473 | +12.9% |
| Equity | 10/15 | €1,029,702 | €1,150,671 | +€120,970 | +11.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €995,269 | €1,116,238 | +€120,970 | +12.2% |
| Distributable reserves | 133 | €995,269 | €1,116,238 | +€120,970 | +12.2% |
| Profit (loss) carried forward | 14 | €15,883 | €15,883 | = | 0.0% |
| Amounts payable | 17/49 | €24,401 | €38,904 | +€14,503 | +59.4% |
| Amounts payable within one year | 42/48 | €24,401 | €38,904 | +€14,503 | +59.4% |
| Trade debts | 44 | €14,125 | €17,248 | +€3,123 | +22.1% |
| Suppliers | 440/4 | €14,125 | €17,248 | +€3,123 | +22.1% |
| Taxes, remuneration and social security | 45 | €4,656 | €19,531 | +€14,875 | +319% |
| Taxes | 450/3 | - | €14,911 | +€14,911 | |
| Remuneration and social security | 454/9 | €4,656 | €4,620 | -€36 | -0.8% |
| Other amounts payable | 47/48 | €5,620 | €2,125 | -€3,495 | -62.2% |
| Remuneration, social security and pensions | 62 | €78,013 | €5,637 | -€72,376 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,482 | €8,393 | +€6,911 | +466% |
| Other operating charges | 640/8 | €1,171 | €1,465 | +€294 | +25.1% |
| Gross operating margin | 9900 | €194,179 | €83,506 | -€110,673 | -57.0% |
| Operating profit (loss) | 9901 | €113,513 | €68,010 | -€45,502 | -40.1% |
| Financial income | 75/76B | €12,723 | €98,939 | +€86,217 | +678% |
| Recurring financial income | 75 | €12,723 | €98,939 | +€86,217 | +678% |
| Financial charges | 65/66B | €347 | €1,604 | +€1,257 | +363% |
| Recurring financial charges | 65 | €347 | €1,604 | +€1,257 | +363% |
| Profit (loss) for the period before taxes | 9903 | €125,889 | €165,346 | +€39,457 | +31.3% |
| Income taxes | 67/77 | €36,063 | €44,376 | +€8,314 | +23.1% |
| Profit (loss) for the period | 9904 | €89,826 | €120,970 | +€31,144 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,826 | €120,970 | +€31,144 | +34.7% |
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 13 October 2026 via checked.be.