GUY DEWIL: what changed
Two fiscal 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 DEWIL
Largest movements
- Current investments -€12,134
down €12,134 (-100.0%), from €12,134 to €0
- Tangible fixed assets -€12,062
down €12,062 (-35.3%), from €34,194 to €22,131
- Receivables within one year -€2,909
down €2,909 (-5.9%), from €49,284 to €46,375
of which Trade receivables: -€12,750
- Reserves -€90,412
down €90,412 (-51.1%), from €176,996 to €86,584
- Other debts +€88,552
up €88,552, from €0 to €88,552
- Profit (loss) carried forward -€11,994
new in 2025: -€11,994
- Debts after one year -€10,545
down €10,545 (-100.0%), from €10,545 to €0
- Tax, wage and social debts -€7,060
down €7,060 (-100.0%), from €7,060 to €0
- Gross operating margin -€132,822
down €132,822, from €131,861 to -€961
- Taxes -€34,785
down €34,785 (-98.3%), from €35,380 to €595
- Financial income +€2,179
up €2,179, from €0 to €2,179
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.
Cash bridge derived
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 | €224,773 | €194,806 | -€29,966 | -13.3% |
| Fixed assets | 21/28 | €34,194 | €22,131 | -€12,062 | -35.3% |
| Tangible fixed assets | 22/27 | €34,194 | €22,131 | -€12,062 | -35.3% |
| Furniture and vehicles | 24 | €34,194 | €22,131 | -€12,062 | -35.3% |
| Current assets | 29/58 | €190,579 | €172,675 | -€17,904 | -9.4% |
| Amounts receivable within one year | 40/41 | €49,284 | €46,375 | -€2,909 | -5.9% |
| Trade receivables | 40 | €12,750 | €0 | -€12,750 | -100.0% |
| Other amounts receivable | 41 | €36,534 | €46,375 | +€9,841 | +26.9% |
| Current investments | 50/53 | €12,134 | €0 | -€12,134 | -100.0% |
| Cash at bank and in hand | 54/58 | €125,933 | €124,010 | -€1,924 | -1.5% |
| Deferred charges and accrued income | 490/1 | €3,227 | €2,290 | -€937 | -29.0% |
| Total equity and liabilities | 10/49 | €224,773 | €194,806 | -€29,966 | -13.3% |
| Equity | 10/15 | €195,596 | €93,189 | -€102,406 | -52.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,996 | €86,584 | -€90,412 | -51.1% |
| Distributable reserves | 133 | €176,996 | €86,584 | -€90,412 | -51.1% |
| Profit (loss) carried forward | 14 | - | -€11,994 | -€11,994 | |
| Amounts payable | 17/49 | €29,177 | €101,617 | +€72,440 | +248.3% |
| Amounts payable after more than one year | 17 | €10,545 | €0 | -€10,545 | -100.0% |
| Financial debts | 170/4 | €10,545 | €0 | -€10,545 | -100.0% |
| Amounts payable within one year | 42/48 | €18,631 | €101,617 | +€82,986 | +445.4% |
| Current portion of amounts payable after more than one year | 42 | €10,173 | €10,545 | +€372 | +3.7% |
| Financial debts | 43 | €0 | €1,573 | +€1,573 | |
| Credit institutions | 430/8 | €0 | €1,573 | +€1,573 | |
| Trade debts | 44 | €1,398 | €947 | -€452 | -32.3% |
| Suppliers | 440/4 | €1,398 | €947 | -€452 | -32.3% |
| Taxes, remuneration and social security | 45 | €7,060 | €0 | -€7,060 | -100.0% |
| Taxes | 450/3 | €7,060 | €0 | -€7,060 | -100.0% |
| Other amounts payable | 47/48 | €0 | €88,552 | +€88,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,539 | €12,062 | -€476 | -3.8% |
| Other operating charges | 640/8 | €1,725 | €1,678 | -€47 | -2.7% |
| Gross operating margin | 9900 | €131,861 | -€961 | -€132,822 | |
| Operating profit (loss) | 9901 | €117,597 | -€14,702 | -€132,298 | |
| Financial income | 75/76B | €0 | €2,179 | +€2,179 | |
| Recurring financial income | 75 | €0 | €2,179 | +€2,179 | |
| Financial charges | 65/66B | €1,194 | €736 | -€458 | -38.3% |
| Recurring financial charges | 65 | €1,194 | €736 | -€458 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €116,403 | -€13,259 | -€129,662 | |
| Income taxes | 67/77 | €35,380 | €595 | -€34,785 | -98.3% |
| Profit (loss) for the period | 9904 | €81,023 | -€13,854 | -€94,877 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,023 | -€13,854 | -€94,877 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.