GUY VAN BOSCH: 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 VAN BOSCH
Largest movements
- Receivables within one year +€9,769
up €9,769 (+12.4%), from €78,508 to €88,277
of which Other amounts receivable: +€11,007
- Tangible fixed assets -€3,328
down €3,328 (-27.1%), from €12,286 to €8,957
of which Furniture and vehicles: -€2,510
- Deferred charges and accrued income +€1,547
up €1,547 (+58.7%), from €2,637 to €4,185
- Reserves +€11,039
up €11,039 (+15.9%), from €69,568 to €80,607
of which Distributable reserves: +€12,899
- Tax, wage and social debts -€4,332
down €4,332 (-64.8%), from €6,680 to €2,348
of which Taxes: -€2,882
- Trade debts +€1,790
up €1,790 (+35.3%), from €5,069 to €6,859
- Gross operating margin -€12,322
down €12,322 (-37.1%), from €33,199 to €20,877
- Depreciation -€4,314
down €4,314 (-59.1%), from €7,295 to €2,981
- Taxes -€1,882
down €1,882 (-26.0%), from €7,230 to €5,348
- Financial charges +€511
up €511 (+41.3%), from €1,238 to €1,749
- Financial income +€433
up €433 (+11.5%), from €3,783 to €4,216
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 | €97,422 | €105,410 | +€7,987 | +8.2% |
| Fixed assets | 21/28 | €12,286 | €8,957 | -€3,328 | -27.1% |
| Tangible fixed assets | 22/27 | €12,286 | €8,957 | -€3,328 | -27.1% |
| Plant, machinery and equipment | 23 | €9,519 | €8,700 | -€818 | -8.6% |
| Furniture and vehicles | 24 | €2,767 | €257 | -€2,510 | -90.7% |
| Current assets | 29/58 | €85,137 | €96,452 | +€11,315 | +13.3% |
| Amounts receivable within one year | 40/41 | €78,508 | €88,277 | +€9,769 | +12.4% |
| Trade receivables | 40 | €6,216 | €4,978 | -€1,238 | -19.9% |
| Other amounts receivable | 41 | €72,292 | €83,299 | +€11,007 | +15.2% |
| Cash at bank and in hand | 54/58 | €3,992 | €3,991 | -€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,637 | €4,185 | +€1,547 | +58.7% |
| Total equity and liabilities | 10/49 | €97,422 | €105,410 | +€7,987 | +8.2% |
| Equity | 10/15 | €75,768 | €86,807 | +€11,039 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,568 | €80,607 | +€11,039 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €67,708 | €80,607 | +€12,899 | +19.1% |
| Amounts payable | 17/49 | €21,654 | €18,602 | -€3,052 | -14.1% |
| Amounts payable within one year | 42/48 | €21,624 | €18,602 | -€3,022 | -14.0% |
| Financial debts | 43 | €9,876 | €9,395 | -€481 | -4.9% |
| Credit institutions | 430/8 | €9,876 | €9,395 | -€481 | -4.9% |
| Trade debts | 44 | €5,069 | €6,859 | +€1,790 | +35.3% |
| Suppliers | 440/4 | €5,069 | €6,859 | +€1,790 | +35.3% |
| Taxes, remuneration and social security | 45 | €6,680 | €2,348 | -€4,332 | -64.8% |
| Taxes | 450/3 | €5,230 | €2,348 | -€2,882 | -55.1% |
| Remuneration and social security | 454/9 | €1,450 | - | -€1,450 | |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Non-recurring operating income | 76A | €2,203 | - | -€2,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,295 | €2,981 | -€4,314 | -59.1% |
| Other operating charges | 640/8 | €2,530 | €2,395 | -€135 | -5.3% |
| Non-recurring operating charges | 66A | - | €1,582 | +€1,582 | |
| Gross operating margin | 9900 | €33,199 | €20,877 | -€12,322 | -37.1% |
| Operating profit (loss) | 9901 | €23,374 | €13,920 | -€9,454 | -40.4% |
| Financial income | 75/76B | €3,783 | €4,216 | +€433 | +11.5% |
| Recurring financial income | 75 | €3,783 | €4,216 | +€433 | +11.5% |
| Financial charges | 65/66B | €1,238 | €1,749 | +€511 | +41.3% |
| Recurring financial charges | 65 | €1,238 | €1,749 | +€511 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €25,919 | €16,387 | -€9,532 | -36.8% |
| Income taxes | 67/77 | €7,230 | €5,348 | -€1,882 | -26.0% |
| Profit (loss) for the period | 9904 | €18,690 | €11,039 | -€7,650 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,690 | €11,039 | -€7,650 | -40.9% |
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.