GUY VAN DE MAELE: 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 VAN DE MAELE
Largest movements
- Deferred charges and accrued income -€417
down €417 (-26.1%), from €1,600 to €1,183
- Cash -€68
down €68 (-94.4%), from €72 to €4
mainly Net result for the year (-€2,534)
- Receivables within one year -€64
down €64 (-7.1%), from €904 to €840
of which Other amounts receivable: -€64
- Profit (loss) carried forward -€2,534
down €2,534 (-3.2%), from -€79,011 to -€81,545
- Accrued charges and deferred income +€1,359
up €1,359 (+2.2%), from €60,545 to €61,904
- Trade debts +€394
up €394 (+34.6%), from €1,138 to €1,532
- Tax, wage and social debts +€232
new in 2025: €232
- Turnover -€1,803
down €1,803 (-43.6%), from €4,131 to €2,328
- Purchases and services -€1,512
down €1,512 (-28.5%), from €5,302 to €3,790
- Gross operating margin -€291
down €291 (-24.9%), from -€1,171 to -€1,462
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 | €3,132 | €2,583 | -€549 | -17.5% |
| Fixed assets | 21/28 | €15 | €15 | = | 0.0% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €3,117 | €2,568 | -€549 | -17.6% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €904 | €840 | -€64 | -7.1% |
| Trade receivables | 40 | €840 | €840 | = | 0.0% |
| Other amounts receivable | 41 | €64 | - | -€64 | |
| Current investments | 50/53 | €41 | €41 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72 | €4 | -€68 | -94.4% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,183 | -€417 | -26.1% |
| Total equity and liabilities | 10/49 | €3,132 | €2,583 | -€549 | -17.5% |
| Equity | 10/15 | -€58,551 | -€61,085 | -€2,534 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,011 | -€81,545 | -€2,534 | -3.2% |
| Amounts payable | 17/49 | €61,683 | €63,668 | +€1,985 | +3.2% |
| Amounts payable within one year | 42/48 | €1,138 | €1,764 | +€626 | +55.0% |
| Trade debts | 44 | €1,138 | €1,532 | +€394 | +34.6% |
| Suppliers | 440/4 | €1,138 | €1,532 | +€394 | +34.6% |
| Taxes, remuneration and social security | 45 | - | €232 | +€232 | |
| Taxes | 450/3 | - | €232 | +€232 | |
| Accrued charges and deferred income | 492/3 | €60,545 | €61,904 | +€1,359 | +2.2% |
| Turnover | 70 | €4,131 | €2,328 | -€1,803 | -43.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,302 | €3,790 | -€1,512 | -28.5% |
| Other operating charges | 640/8 | €900 | €910 | +€10 | +1.1% |
| Gross operating margin | 9900 | -€1,171 | -€1,462 | -€291 | -24.9% |
| Operating profit (loss) | 9901 | -€2,071 | -€2,372 | -€301 | -14.5% |
| Financial charges | 65/66B | €140 | €162 | +€22 | +15.7% |
| Recurring financial charges | 65 | €140 | €162 | +€22 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,211 | -€2,534 | -€323 | -14.6% |
| Profit (loss) for the period | 9904 | -€2,211 | -€2,534 | -€323 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,211 | -€2,534 | -€323 | -14.6% |
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 25 October 2026 via checked.be.