GUY SERRAES 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 SERRAES CONSULTING
Largest movements
- Tangible fixed assets -€39,347
down €39,347 (-6.9%), from €572,735 to €533,389
of which Land and buildings: -€27,294
- Receivables within one year +€26,668
up €26,668 (+876%), from €3,044 to €29,711
of which Trade receivables: +€17,000
- Profit (loss) carried forward -€25,711
new in 2025: -€25,711
- Other debts +€20,186
up €20,186 (+2.9%), from €700,995 to €721,181
- Gross operating margin -€67,034
down €67,034 (-72.0%), from €93,089 to €26,055
- Taxes -€16,011
down €16,011 (-81.7%), from €19,602 to €3,592
- Depreciation +€2,984
up €2,984 (+8.0%), from €37,456 to €40,440
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 | €1,012,716 | €999,901 | -€12,815 | -1.3% |
| Fixed assets | 21/28 | €583,617 | €544,271 | -€39,347 | -6.7% |
| Tangible fixed assets | 22/27 | €572,735 | €533,389 | -€39,347 | -6.9% |
| Land and buildings | 22 | €544,552 | €517,259 | -€27,294 | -5.0% |
| Furniture and vehicles | 24 | €28,183 | €16,130 | -€12,053 | -42.8% |
| Financial fixed assets | 28 | €10,882 | €10,882 | = | 0.0% |
| Current assets | 29/58 | €429,099 | €455,630 | +€26,532 | +6.2% |
| Amounts receivable within one year | 40/41 | €3,044 | €29,711 | +€26,668 | +876% |
| Trade receivables | 40 | €3,000 | €20,000 | +€17,000 | +567% |
| Other amounts receivable | 41 | €44 | €9,711 | +€9,668 | +22,027% |
| Current investments | 50/53 | €425,000 | €425,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €768 | €624 | -€144 | -18.8% |
| Deferred charges and accrued income | 490/1 | €287 | €295 | +€8 | +2.9% |
| Total equity and liabilities | 10/49 | €1,012,716 | €999,901 | -€12,815 | -1.3% |
| Equity | 10/15 | €296,205 | €270,493 | -€25,711 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €277,605 | €277,605 | = | 0.0% |
| Distributable reserves | 133 | €277,605 | €277,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,711 | -€25,711 | |
| Amounts payable | 17/49 | €716,512 | €729,408 | +€12,896 | +1.8% |
| Amounts payable within one year | 42/48 | €716,512 | €729,408 | +€12,896 | +1.8% |
| Trade debts | 44 | €9,641 | €7,557 | -€2,083 | -21.6% |
| Suppliers | 440/4 | €9,641 | €7,557 | -€2,083 | -21.6% |
| Taxes, remuneration and social security | 45 | €5,876 | €669 | -€5,207 | -88.6% |
| Taxes | 450/3 | €5,876 | €669 | -€5,207 | -88.6% |
| Other amounts payable | 47/48 | €700,995 | €721,181 | +€20,186 | +2.9% |
| Non-recurring operating income | 76A | €9,076 | - | -€9,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,456 | €40,440 | +€2,984 | +8.0% |
| Other operating charges | 640/8 | €5,750 | €6,051 | +€301 | +5.2% |
| Non-recurring operating charges | 66A | - | €577 | +€577 | |
| Gross operating margin | 9900 | €93,089 | €26,055 | -€67,034 | -72.0% |
| Operating profit (loss) | 9901 | €49,883 | -€21,013 | -€70,896 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +483% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +483% |
| Financial charges | 65/66B | €259 | €1,109 | +€850 | +328% |
| Recurring financial charges | 65 | €259 | €1,109 | +€850 | +328% |
| Profit (loss) for the period before taxes | 9903 | €49,624 | -€22,120 | -€71,744 | |
| Income taxes | 67/77 | €19,602 | €3,592 | -€16,011 | -81.7% |
| Profit (loss) for the period | 9904 | €30,022 | -€25,711 | -€55,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,022 | -€25,711 | -€55,733 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.