GUY DELAERE CONSULTING: 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 DELAERE CONSULTING
Largest movements
- Cash +€295,902
up €295,902 (+396%), from €74,713 to €370,616
mainly Net result for the year (+€302,493) and Current investments (+€48,000)
- Current investments -€48,000
down €48,000 (-5.6%), from €852,000 to €804,000
- Receivables within one year +€40,298
up €40,298 (+13.3%), from €302,110 to €342,407
of which Trade receivables: +€43,847
- Tangible fixed assets -€16,489
down €16,489 (-38.4%), from €42,964 to €26,476
- Reserves +€302,493
up €302,493 (+26.7%), from €1.1m to €1.4m
of which Distributable reserves: +€304,353
- Other debts -€45,672
no longer reported in 2025 (was €45,672)
- Tax, wage and social debts +€19,401
up €19,401 (+25.6%), from €75,908 to €95,309
- Gross operating margin +€36,344
up €36,344 (+9.4%), from €387,950 to €424,294
- Taxes +€14,307
up €14,307 (+11.8%), from €120,937 to €135,244
- Financial income +€8,661
up €8,661 (+38.0%), from €22,774 to €31,435
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 | €1,274,829 | €1,550,955 | +€276,126 | +21.7% |
| Fixed assets | 21/28 | €42,964 | €26,476 | -€16,489 | -38.4% |
| Tangible fixed assets | 22/27 | €42,964 | €26,476 | -€16,489 | -38.4% |
| Furniture and vehicles | 24 | €42,964 | €26,476 | -€16,489 | -38.4% |
| Current assets | 29/58 | €1,231,865 | €1,524,480 | +€292,615 | +23.8% |
| Amounts receivable within one year | 40/41 | €302,110 | €342,407 | +€40,298 | +13.3% |
| Trade receivables | 40 | €287,976 | €331,823 | +€43,847 | +15.2% |
| Other amounts receivable | 41 | €14,134 | €10,584 | -€3,550 | -25.1% |
| Current investments | 50/53 | €852,000 | €804,000 | -€48,000 | -5.6% |
| Cash at bank and in hand | 54/58 | €74,713 | €370,616 | +€295,902 | +396% |
| Deferred charges and accrued income | 490/1 | €3,042 | €7,457 | +€4,415 | +145% |
| Total equity and liabilities | 10/49 | €1,274,829 | €1,550,955 | +€276,126 | +21.7% |
| Equity | 10/15 | €1,151,841 | €1,454,333 | +€302,493 | +26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,132,787 | €1,435,279 | +€302,493 | +26.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,130,927 | €1,435,279 | +€304,353 | +26.9% |
| Profit (loss) carried forward | 14 | €454 | €454 | = | 0.0% |
| Amounts payable | 17/49 | €122,989 | €96,622 | -€26,367 | -21.4% |
| Amounts payable within one year | 42/48 | €122,989 | €96,622 | -€26,367 | -21.4% |
| Trade debts | 44 | €1,409 | €1,314 | -€95 | -6.8% |
| Suppliers | 440/4 | €1,409 | €1,314 | -€95 | -6.8% |
| Taxes, remuneration and social security | 45 | €75,908 | €95,309 | +€19,401 | +25.6% |
| Taxes | 450/3 | €75,908 | €95,309 | +€19,401 | +25.6% |
| Other amounts payable | 47/48 | €45,672 | - | -€45,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,489 | €16,489 | = | 0.0% |
| Other operating charges | 640/8 | €1,368 | €1,414 | +€45 | +3.3% |
| Gross operating margin | 9900 | €387,950 | €424,294 | +€36,344 | +9.4% |
| Operating profit (loss) | 9901 | €370,093 | €406,392 | +€36,299 | +9.8% |
| Financial income | 75/76B | €22,774 | €31,435 | +€8,661 | +38.0% |
| Recurring financial income | 75 | €22,774 | €31,435 | +€8,661 | +38.0% |
| Financial charges | 65/66B | €118 | €90 | -€28 | -23.7% |
| Recurring financial charges | 65 | €118 | €90 | -€28 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €392,748 | €437,736 | +€44,988 | +11.5% |
| Income taxes | 67/77 | €120,937 | €135,244 | +€14,307 | +11.8% |
| Profit (loss) for the period | 9904 | €271,812 | €302,493 | +€30,681 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €271,812 | €302,493 | +€30,681 | +11.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.