GUY VANDEVELDE: 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 VANDEVELDE
Largest movements
- Current investments +€5,000
up €5,000 (+7.1%), from €70,000 to €75,000
- Tangible fixed assets -€3,989
down €3,989 (-30.1%), from €13,236 to €9,246
- Receivables within one year +€1,968
up €1,968 (+242%), from €812 to €2,780
of which Other amounts receivable: +€1,952
- Cash +€1,864
up €1,864 (+5.5%), from €34,000 to €35,864
mainly Net result for the year (+€12,975) and Depreciation (+€3,989)
- Reserves +€12,975
up €12,975 (+14.2%), from €91,190 to €104,164
of which Distributable reserves: +€12,975
- Other debts -€6,422
down €6,422 (-50.8%), from €12,643 to €6,222
- Tax, wage and social debts -€2,545
down €2,545 (-100%), from €2,545 to €0
- Gross operating margin -€11,776
down €11,776 (-33.9%), from €34,735 to €22,960
- Taxes -€3,711
down €3,711 (-35.4%), from €10,473 to €6,762
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 | €119,271 | €123,095 | +€3,824 | +3.2% |
| Fixed assets | 21/28 | €13,236 | €9,246 | -€3,989 | -30.1% |
| Tangible fixed assets | 22/27 | €13,236 | €9,246 | -€3,989 | -30.1% |
| Furniture and vehicles | 24 | €13,236 | €9,246 | -€3,989 | -30.1% |
| Current assets | 29/58 | €106,035 | €113,849 | +€7,814 | +7.4% |
| Amounts receivable within one year | 40/41 | €812 | €2,780 | +€1,968 | +242% |
| Trade receivables | 40 | €521 | €538 | +€17 | +3.2% |
| Other amounts receivable | 41 | €290 | €2,242 | +€1,952 | +672% |
| Current investments | 50/53 | €70,000 | €75,000 | +€5,000 | +7.1% |
| Cash at bank and in hand | 54/58 | €34,000 | €35,864 | +€1,864 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,223 | €204 | -€1,019 | -83.3% |
| Total equity and liabilities | 10/49 | €119,271 | €123,095 | +€3,824 | +3.2% |
| Equity | 10/15 | €103,590 | €116,564 | +€12,975 | +12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €91,190 | €104,164 | +€12,975 | +14.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €91,190 | €104,164 | +€12,975 | +14.2% |
| Amounts payable | 17/49 | €15,681 | €6,531 | -€9,150 | -58.4% |
| Amounts payable within one year | 42/48 | €15,314 | €6,470 | -€8,845 | -57.8% |
| Trade debts | 44 | €126 | €248 | +€122 | +96.8% |
| Suppliers | 440/4 | €126 | €248 | +€122 | +96.8% |
| Taxes, remuneration and social security | 45 | €2,545 | €0 | -€2,545 | -100% |
| Taxes | 450/3 | €2,545 | €0 | -€2,545 | -100% |
| Other amounts payable | 47/48 | €12,643 | €6,222 | -€6,422 | -50.8% |
| Accrued charges and deferred income | 492/3 | €367 | €61 | -€306 | -83.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,989 | €3,989 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €514 | +€12 | +2.4% |
| Gross operating margin | 9900 | €34,735 | €22,960 | -€11,776 | -33.9% |
| Operating profit (loss) | 9901 | €30,244 | €18,457 | -€11,788 | -39.0% |
| Financial income | 75/76B | €1,427 | €1,401 | -€26 | -1.8% |
| Recurring financial income | 75 | €1,427 | €1,401 | -€26 | -1.8% |
| Financial charges | 65/66B | €122 | €121 | -€1 | -1.0% |
| Recurring financial charges | 65 | €122 | €121 | -€1 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €31,549 | €19,736 | -€11,813 | -37.4% |
| Income taxes | 67/77 | €10,473 | €6,762 | -€3,711 | -35.4% |
| Profit (loss) for the period | 9904 | €21,076 | €12,975 | -€8,102 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,076 | €12,975 | -€8,102 | -38.4% |
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 21 October 2026 via checked.be.