GUY SCHUDDINCK: 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 SCHUDDINCK
Largest movements
- Receivables within one year +€7,083
up €7,083 (+41.6%), from €17,029 to €24,112
of which Trade receivables: +€7,020
- Tangible fixed assets -€3,326
down €3,326 (-24.6%), from €13,505 to €10,179
of which Furniture and vehicles: -€3,107
- Cash +€1,028
up €1,028 (+2.6%), from €40,092 to €41,120
mainly Net result for the year (+€5,643) and Trade debts (+€3,776)
- Reserves +€4,810
up €4,810 (+16.1%), from €29,951 to €34,761
- Tax, wage and social debts -€4,259
down €4,259 (-40.2%), from €10,586 to €6,327
of which Taxes: -€4,259
- Trade debts +€3,776
up €3,776 (+1080.6%), from €349 to €4,126
- Depreciation -€4,779
down €4,779 (-59.0%), from €8,106 to €3,326
- Gross operating margin +€2,986
up €2,986 (+31.7%), from €9,405 to €12,392
- Taxes +€2,249
up €2,249, from €0 to €2,249
- Other operating charges -€168
down €168 (-14.5%), from €1,157 to €989
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 | €71,781 | €76,099 | +€4,318 | +6.0% |
| Fixed assets | 21/28 | €13,505 | €10,179 | -€3,326 | -24.6% |
| Tangible fixed assets | 22/27 | €13,505 | €10,179 | -€3,326 | -24.6% |
| Plant, machinery and equipment | 23 | €943 | €724 | -€220 | -23.3% |
| Furniture and vehicles | 24 | €12,562 | €9,455 | -€3,107 | -24.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €58,276 | €65,920 | +€7,644 | +13.1% |
| Amounts receivable within one year | 40/41 | €17,029 | €24,112 | +€7,083 | +41.6% |
| Trade receivables | 40 | €15,005 | €22,025 | +€7,020 | +46.8% |
| Other amounts receivable | 41 | €2,024 | €2,088 | +€64 | +3.2% |
| Cash at bank and in hand | 54/58 | €40,092 | €41,120 | +€1,028 | +2.6% |
| Deferred charges and accrued income | 490/1 | €1,155 | €687 | -€468 | -40.5% |
| Total equity and liabilities | 10/49 | €71,781 | €76,099 | +€4,318 | +6.0% |
| Equity | 10/15 | €46,151 | €50,961 | +€4,810 | +10.4% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €29,951 | €34,761 | +€4,810 | +16.1% |
| Distributable reserves | 133 | €29,951 | €34,761 | +€4,810 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,630 | €25,138 | -€492 | -1.9% |
| Amounts payable after more than one year | 17 | €11,500 | €11,500 | = | 0.0% |
| Trade debts | 175 | €11,500 | €11,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,130 | €13,638 | -€492 | -3.5% |
| Trade debts | 44 | €349 | €4,126 | +€3,776 | +1080.6% |
| Suppliers | 440/4 | €349 | €4,126 | +€3,776 | +1080.6% |
| Taxes, remuneration and social security | 45 | €10,586 | €6,327 | -€4,259 | -40.2% |
| Taxes | 450/3 | €8,086 | €3,827 | -€4,259 | -52.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,195 | €3,185 | -€10 | -0.3% |
| Non-recurring operating income | 76A | €0 | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,106 | €3,326 | -€4,779 | -59.0% |
| Other operating charges | 640/8 | €1,157 | €989 | -€168 | -14.5% |
| Gross operating margin | 9900 | €9,405 | €12,392 | +€2,986 | +31.7% |
| Operating profit (loss) | 9901 | €142 | €8,076 | +€7,934 | +5569.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €161 | €184 | +€23 | +14.3% |
| Recurring financial charges | 65 | €161 | €184 | +€23 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€17 | €7,893 | +€7,910 | |
| Income taxes | 67/77 | €0 | €2,249 | +€2,249 | |
| Profit (loss) for the period | 9904 | -€17 | €5,643 | +€5,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17 | €5,643 | +€5,661 |
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 12 October 2026 via checked.be.