P. GUILLAUME: what changed
What changed
P. GUILLAUME
NACE 32.200, Other manufacturing
filed annual accounts (NBB)
Net result for the year
€40,166
2024 · €38,062+€2,104
Equity
€657,101
2024 · €616,935+€40,166
Cash
€326,145
2024 · €166,596+€159,549
Balance sheet total
€1.0m
2024 · €1.0m+€44,657
Largest movements
Assets
- Receivables within one year -€194,968
down €194,968 (-37.9%), from €514,760 to €319,792
of which Trade receivables: -€194,968
- Cash +€159,549
up €159,549 (+95.8%), from €166,596 to €326,145
mainly Trade debts (+€295,615) and Receivables within one year (+€194,968)
- Stocks and contracts +€80,498
up €80,498 (+28.8%), from €279,615 to €360,113
Equity and liabilities
- Trade debts +€295,615
up €295,615 (+1,698%), from €17,413 to €313,028
- Debts after one year -€243,923
no longer reported in 2025 (was €243,923)
- Current portion of long-term debt -€85,569
no longer reported in 2025 (was €85,569)
- Profit (loss) carried forward +€40,166
up €40,166 (+6.7%), from €596,484 to €636,650
- Other debts +€27,615
up €27,615 (+231%), from €11,950 to €39,565
Income statement
- Gross operating margin -€50,963
down €50,963 (-16.1%), from €316,882 to €265,919
- Taxes -€34,305
down €34,305 (-59.2%), from €57,933 to €23,628
- Staff costs -€18,216
down €18,216 (-8.8%), from €208,081 to €189,865
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.
Result 2024
€38,062
Gross operating margin
-€50,963
Staff costs
+€18,216
Depreciation
-€1,261
Other operating charges
+€905
Financial income
+€324
Financial charges
+€578
Taxes
+€34,305
Result 2025
€40,166
raises the resultlowers the result
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.
From operations
+€505,025
Investment
-€15,984
Financing
-€329,492
Cash 2024
€166,596
From operations (derived)
+€505,025
Net result for the year
+€40,166
Depreciation
+€7,751
Stocks and contracts
-€80,498
Receivables within one year
+€194,968
Deferred charges and accrued income
+€8,655
Trade debts
+€295,615
Tax, wage and social debts
+€10,753
Other debts
+€27,615
Investment (derived)
-€15,984
Investment in fixed assets (net)
-€15,984
Financing
-€329,492
Debts after one year
-€243,923
Current portion of long-term debt
-€85,569
Cash 2025
€326,145
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,001,422 | €1,046,079 | +€44,657 | +4.5% |
| Fixed assets | 21/28 | €26,064 | €34,297 | +€8,233 | +31.6% |
| Tangible fixed assets | 22/27 | €25,884 | €34,117 | +€8,233 | +31.8% |
| Land and buildings | 22 | €917 | €416 | -€501 | -54.6% |
| Plant, machinery and equipment | 23 | €14,155 | €25,576 | +€11,421 | +80.7% |
| Furniture and vehicles | 24 | €10,812 | €8,125 | -€2,687 | -24.9% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €975,358 | €1,011,782 | +€36,424 | +3.7% |
| Stocks and contracts in progress | 3 | €279,615 | €360,113 | +€80,498 | +28.8% |
| Stocks | 30/36 | €279,615 | €360,113 | +€80,498 | +28.8% |
| Amounts receivable within one year | 40/41 | €514,760 | €319,792 | -€194,968 | -37.9% |
| Trade receivables | 40 | €484,760 | €289,792 | -€194,968 | -40.2% |
| Other amounts receivable | 41 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €166,596 | €326,145 | +€159,549 | +95.8% |
| Deferred charges and accrued income | 490/1 | €14,387 | €5,732 | -€8,655 | -60.2% |
| Total equity and liabilities | 10/49 | €1,001,422 | €1,046,079 | +€44,657 | +4.5% |
| Equity | 10/15 | €616,935 | €657,101 | +€40,166 | +6.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €596,484 | €636,650 | +€40,166 | +6.7% |
| Amounts payable | 17/49 | €384,487 | €388,978 | +€4,491 | +1.2% |
| Amounts payable after more than one year | 17 | €243,923 | - | -€243,923 | |
| Financial debts | 170/4 | €243,923 | - | -€243,923 | |
| Amounts payable within one year | 42/48 | €140,564 | €388,978 | +€248,414 | +177% |
| Current portion of amounts payable after more than one year | 42 | €85,569 | - | -€85,569 | |
| Trade debts | 44 | €17,413 | €313,028 | +€295,615 | +1,698% |
| Suppliers | 440/4 | €17,413 | €313,028 | +€295,615 | +1,698% |
| Taxes, remuneration and social security | 45 | €25,632 | €36,385 | +€10,753 | +42.0% |
| Taxes | 450/3 | - | €7,093 | +€7,093 | |
| Remuneration and social security | 454/9 | €25,632 | €29,292 | +€3,660 | +14.3% |
| Other amounts payable | 47/48 | €11,950 | €39,565 | +€27,615 | +231% |
| Remuneration, social security and pensions | 62 | €208,081 | €189,865 | -€18,216 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,490 | €7,751 | +€1,261 | +19.4% |
| Other operating charges | 640/8 | €1,931 | €1,026 | -€905 | -46.9% |
| Gross operating margin | 9900 | €316,882 | €265,919 | -€50,963 | -16.1% |
| Operating profit (loss) | 9901 | €100,380 | €67,277 | -€33,103 | -33.0% |
| Financial income | 75/76B | €156 | €480 | +€324 | +208% |
| Recurring financial income | 75 | €156 | €480 | +€324 | +208% |
| Financial charges | 65/66B | €4,541 | €3,963 | -€578 | -12.7% |
| Recurring financial charges | 65 | €4,541 | €3,963 | -€578 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €95,995 | €63,794 | -€32,201 | -33.5% |
| Income taxes | 67/77 | €57,933 | €23,628 | -€34,305 | -59.2% |
| Profit (loss) for the period | 9904 | €38,062 | €40,166 | +€2,104 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,062 | €40,166 | +€2,104 | +5.5% |
Next steps
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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 5 November 2026 via checked.be.