GUY VOS: what changed
GUY VOS
Largest movements
- Cash +€18,759
up €18,759 (+125%), from €15,006 to €33,765
mainly Net result for the year (+€11,028) and Receivables within one year (+€4,901)
- Receivables within one year -€4,901
down €4,901 (-19.3%), from €25,333 to €20,432
of which Trade receivables: -€2,769
- Tangible fixed assets -€4,178
down €4,178 (-33.9%), from €12,324 to €8,146
of which Furniture and vehicles: -€3,208
- Reserves +€4,879
up €4,879 (+20.3%), from €24,050 to €28,929
of which Distributable reserves: +€4,879
- Trade debts +€2,581
up €2,581 (+39.0%), from €6,625 to €9,206
- Tax, wage and social debts +€2,219
up €2,219 (+63.6%), from €3,488 to €5,707
- Gross operating margin +€7,843
up €7,843 (+54.4%), from €14,418 to €22,261
- Taxes +€1,926
up €1,926 (+64.1%), from €3,007 to €4,933
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,163 | €63,842 | +€9,679 | +17.9% |
| Fixed assets | 21/28 | €12,324 | €8,146 | -€4,178 | -33.9% |
| Tangible fixed assets | 22/27 | €12,324 | €8,146 | -€4,178 | -33.9% |
| Plant, machinery and equipment | 23 | €2,699 | €1,729 | -€970 | -35.9% |
| Furniture and vehicles | 24 | €9,625 | €6,417 | -€3,208 | -33.3% |
| Current assets | 29/58 | €41,839 | €55,697 | +€13,858 | +33.1% |
| Amounts receivable within one year | 40/41 | €25,333 | €20,432 | -€4,901 | -19.3% |
| Trade receivables | 40 | €13,181 | €10,412 | -€2,769 | -21.0% |
| Other amounts receivable | 41 | €12,152 | €10,019 | -€2,133 | -17.6% |
| Cash at bank and in hand | 54/58 | €15,006 | €33,765 | +€18,759 | +125% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €54,163 | €63,842 | +€9,679 | +17.9% |
| Equity | 10/15 | €44,050 | €48,929 | +€4,879 | +11.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,050 | €28,929 | +€4,879 | +20.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €22,050 | €26,929 | +€4,879 | +22.1% |
| Amounts payable | 17/49 | €10,113 | €14,913 | +€4,800 | +47.5% |
| Amounts payable within one year | 42/48 | €10,113 | €14,913 | +€4,800 | +47.5% |
| Trade debts | 44 | €6,625 | €9,206 | +€2,581 | +39.0% |
| Suppliers | 440/4 | €6,625 | €9,206 | +€2,581 | +39.0% |
| Taxes, remuneration and social security | 45 | €3,488 | €5,707 | +€2,219 | +63.6% |
| Taxes | 450/3 | €3,488 | €5,707 | +€2,219 | +63.6% |
| Remuneration, social security and pensions | 62 | €213 | €265 | +€52 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,059 | €4,178 | +€119 | +2.9% |
| Other operating charges | 640/8 | €1,530 | €1,607 | +€77 | +5.0% |
| Gross operating margin | 9900 | €14,418 | €22,261 | +€7,843 | +54.4% |
| Operating profit (loss) | 9901 | €8,615 | €16,211 | +€7,595 | +88.2% |
| Financial income | 75/76B | €212 | €88 | -€124 | -58.6% |
| Recurring financial income | 75 | €212 | €88 | -€124 | -58.6% |
| Financial charges | 65/66B | €373 | €337 | -€37 | -9.9% |
| Recurring financial charges | 65 | €373 | €337 | -€37 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €8,454 | €15,962 | +€7,508 | +88.8% |
| Income taxes | 67/77 | €3,007 | €4,933 | +€1,926 | +64.1% |
| Profit (loss) for the period | 9904 | €5,447 | €11,028 | +€5,582 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €5,447 | €11,028 | +€5,582 | +102% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.