GUY LANGERAERT: 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 LANGERAERT
Largest movements
- Tangible fixed assets -€9,186
down €9,186 (-34.7%), from €26,473 to €17,287
of which Leasing and similar rights: -€7,488
- Cash +€7,836
up €7,836 (+178%), from €4,397 to €12,233
mainly Depreciation (+€10,418) and Net result for the year (+€2,854)
- Receivables within one year +€6,273
up €6,273 (+35.0%), from €17,926 to €24,199
of which Trade receivables: +€4,953
- Deferred charges and accrued income -€1,292
down €1,292 (-43.8%), from €2,947 to €1,655
- Stocks and contracts -€629
down €629 (-30.2%), from €2,086 to €1,456
- Debts after one year -€3,832
down €3,832 (-100%), from €3,832 to €0
- Profit (loss) carried forward +€2,854
up €2,854 (+16.3%), from -€17,552 to -€14,698
- Other debts +€2,640
up €2,640 (+22.8%), from €11,573 to €14,212
- Trade debts +€2,139
up €2,139 (+63.8%), from €3,351 to €5,490
- Current portion of long-term debt -€1,852
down €1,852 (-32.6%), from €5,684 to €3,832
- Gross operating margin +€16,769
up €16,769, from -€1,564 to €15,205
- Depreciation -€965
down €965 (-8.5%), from €11,383 to €10,418
- Financial charges -€557
down €557 (-38.1%), from €1,462 to €905
- Other operating charges -€232
down €232 (-20.5%), from €1,130 to €898
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 | €53,830 | €56,831 | +€3,001 | +5.6% |
| Fixed assets | 21/28 | €26,473 | €17,287 | -€9,186 | -34.7% |
| Tangible fixed assets | 22/27 | €26,473 | €17,287 | -€9,186 | -34.7% |
| Plant, machinery and equipment | 23 | €13,221 | €11,522 | -€1,698 | -12.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €13,253 | €5,765 | -€7,488 | -56.5% |
| Current assets | 29/58 | €27,357 | €39,544 | +€12,188 | +44.6% |
| Stocks and contracts in progress | 3 | €2,086 | €1,456 | -€629 | -30.2% |
| Stocks | 30/36 | €2,086 | €1,456 | -€629 | -30.2% |
| Amounts receivable within one year | 40/41 | €17,926 | €24,199 | +€6,273 | +35.0% |
| Trade receivables | 40 | €13,353 | €18,306 | +€4,953 | +37.1% |
| Other amounts receivable | 41 | €4,573 | €5,894 | +€1,321 | +28.9% |
| Cash at bank and in hand | 54/58 | €4,397 | €12,233 | +€7,836 | +178% |
| Deferred charges and accrued income | 490/1 | €2,947 | €1,655 | -€1,292 | -43.8% |
| Total equity and liabilities | 10/49 | €53,830 | €56,831 | +€3,001 | +5.6% |
| Equity | 10/15 | €27,104 | €29,958 | +€2,854 | +10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,456 | €38,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €748 | €748 | = | 0.0% |
| Reserves not available under the articles | 1311 | €748 | €748 | = | 0.0% |
| Distributable reserves | 133 | €37,708 | €37,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,552 | -€14,698 | +€2,854 | +16.3% |
| Amounts payable | 17/49 | €26,726 | €26,874 | +€148 | +0.6% |
| Amounts payable after more than one year | 17 | €3,832 | €0 | -€3,832 | -100% |
| Financial debts | 170/4 | €3,832 | €0 | -€3,832 | -100% |
| Amounts payable within one year | 42/48 | €22,894 | €26,874 | +€3,980 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €5,684 | €3,832 | -€1,852 | -32.6% |
| Financial debts | 43 | €254 | €258 | +€5 | +1.9% |
| Credit institutions | 430/8 | €254 | €258 | +€5 | +1.9% |
| Trade debts | 44 | €3,351 | €5,490 | +€2,139 | +63.8% |
| Suppliers | 440/4 | €3,351 | €5,490 | +€2,139 | +63.8% |
| Taxes, remuneration and social security | 45 | €2,033 | €3,082 | +€1,049 | +51.6% |
| Taxes | 450/3 | €633 | €1,682 | +€1,049 | +166% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €11,573 | €14,212 | +€2,640 | +22.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,383 | €10,418 | -€965 | -8.5% |
| Other operating charges | 640/8 | €1,130 | €898 | -€232 | -20.5% |
| Gross operating margin | 9900 | -€1,564 | €15,205 | +€16,769 | |
| Operating profit (loss) | 9901 | -€14,077 | €3,889 | +€17,966 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,462 | €905 | -€557 | -38.1% |
| Recurring financial charges | 65 | €1,462 | €905 | -€557 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,539 | €2,984 | +€18,522 | |
| Income taxes | 67/77 | €126 | €130 | +€4 | +3.2% |
| Profit (loss) for the period | 9904 | -€15,664 | €2,854 | +€18,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,664 | €2,854 | +€18,518 |
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 14 October 2026 via checked.be.