GUY WYGAERTS: 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 WYGAERTS
Largest movements
- Cash -€284,072
down €284,072 (-75.6%), from €375,560 to €91,489
mainly Current investments (-€280,000) and Other debts (-€17,675)
- Current investments +€280,000
new in 2025: €280,000
- Receivables within one year +€5,302
up €5,302 (+3,861%), from €137 to €5,439
- Reserves +€28,676
up €28,676 (+9.6%), from €299,889 to €328,565
- Other debts -€17,675
no longer reported in 2025 (was €17,675)
- Tax, wage and social debts -€7,293
down €7,293 (-50.2%), from €14,521 to €7,228
- Depreciation -€16,856
down €16,856 (-97.5%), from €17,287 to €431
- Gross operating margin -€14,455
down €14,455 (-24.5%), from €58,901 to €44,446
- Financial income +€6,049
new in 2025: €6,049
- Taxes +€3,646
up €3,646 (+25.1%), from €14,521 to €18,168
- Other operating charges +€839
up €839 (+37.8%), from €2,220 to €3,059
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 | €379,067 | €383,012 | +€3,945 | +1.0% |
| Fixed assets | 21/28 | €188 | €2,689 | +€2,501 | +1,330% |
| Tangible fixed assets | 22/27 | €188 | €2,689 | +€2,501 | +1,330% |
| Plant, machinery and equipment | 23 | €188 | - | -€188 | |
| Furniture and vehicles | 24 | - | €2,689 | +€2,689 | |
| Current assets | 29/58 | €378,879 | €380,324 | +€1,445 | +0.4% |
| Amounts receivable within one year | 40/41 | €137 | €5,439 | +€5,302 | +3,861% |
| Other amounts receivable | 41 | €137 | €5,439 | +€5,302 | +3,861% |
| Current investments | 50/53 | - | €280,000 | +€280,000 | |
| Cash at bank and in hand | 54/58 | €375,560 | €91,489 | -€284,072 | -75.6% |
| Deferred charges and accrued income | 490/1 | €3,181 | €3,396 | +€214 | +6.7% |
| Total equity and liabilities | 10/49 | €379,067 | €383,012 | +€3,945 | +1.0% |
| Equity | 10/15 | €338,013 | €366,689 | +€28,676 | +8.5% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €299,889 | €328,565 | +€28,676 | +9.6% |
| Distributable reserves | 133 | €299,889 | €328,565 | +€28,676 | +9.6% |
| Profit (loss) carried forward | 14 | €940 | €940 | = | 0.0% |
| Amounts payable | 17/49 | €41,054 | €16,323 | -€24,731 | -60.2% |
| Amounts payable within one year | 42/48 | €38,890 | €14,057 | -€24,833 | -63.9% |
| Trade debts | 44 | €6,694 | €6,830 | +€136 | +2.0% |
| Suppliers | 440/4 | €6,694 | €6,830 | +€136 | +2.0% |
| Taxes, remuneration and social security | 45 | €14,521 | €7,228 | -€7,293 | -50.2% |
| Taxes | 450/3 | €14,521 | €7,228 | -€7,293 | -50.2% |
| Other amounts payable | 47/48 | €17,675 | - | -€17,675 | |
| Accrued charges and deferred income | 492/3 | €2,164 | €2,266 | +€102 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,287 | €431 | -€16,856 | -97.5% |
| Other operating charges | 640/8 | €2,220 | €3,059 | +€839 | +37.8% |
| Gross operating margin | 9900 | €58,901 | €44,446 | -€14,455 | -24.5% |
| Operating profit (loss) | 9901 | €39,394 | €40,956 | +€1,562 | +4.0% |
| Financial income | 75/76B | - | €6,049 | +€6,049 | |
| Recurring financial income | 75 | - | €6,049 | +€6,049 | |
| Financial charges | 65/66B | €167 | €161 | -€6 | -3.6% |
| Recurring financial charges | 65 | €167 | €161 | -€6 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €39,227 | €46,844 | +€7,617 | +19.4% |
| Income taxes | 67/77 | €14,521 | €18,168 | +€3,646 | +25.1% |
| Profit (loss) for the period | 9904 | €24,706 | €28,676 | +€3,970 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,706 | €28,676 | +€3,970 | +16.1% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.