VAN DE GEHUCHTE: 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.
VAN DE GEHUCHTE
Largest movements
- Cash +€18,430
up €18,430 (+58.5%), from €31,489 to €49,918
mainly Depreciation (+€29,429) and Other debts (+€505)
- Intangible fixed assets -€16,482
down €16,482 (-33.3%), from €49,446 to €32,964
- Tangible fixed assets -€8,886
down €8,886 (-7.0%), from €127,700 to €118,814
of which Land and buildings: -€27,136
- Reserves -€3,075
down €3,075 (-7.0%), from €43,950 to €40,876
of which Tax-exempt reserves: -€3,075
- Gross operating margin +€49,502
up €49,502, from -€7,149 to €42,354
- Depreciation -€11,362
down €11,362 (-27.9%), from €40,791 to €29,429
- Taxes +€2,296
up €2,296 (+43.9%), from €5,229 to €7,525
- Other operating charges +€1,607
up €1,607 (+45.4%), from €3,542 to €5,149
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 | €219,392 | €215,376 | -€4,016 | -1.8% |
| Fixed assets | 21/28 | €177,146 | €151,778 | -€25,368 | -14.3% |
| Intangible fixed assets | 21 | €49,446 | €32,964 | -€16,482 | -33.3% |
| Tangible fixed assets | 22/27 | €127,700 | €118,814 | -€8,886 | -7.0% |
| Land and buildings | 22 | €110,255 | €83,118 | -€27,136 | -24.6% |
| Plant, machinery and equipment | 23 | €316 | €0 | -€316 | -100% |
| Furniture and vehicles | 24 | €17,129 | €30,994 | +€13,866 | +81.0% |
| Other tangible fixed assets | 26 | - | €4,701 | +€4,701 | |
| Current assets | 29/58 | €42,246 | €63,597 | +€21,351 | +50.5% |
| Amounts receivable within one year | 40/41 | €9,171 | €11,356 | +€2,185 | +23.8% |
| Trade receivables | 40 | €6,038 | €5,193 | -€845 | -14.0% |
| Other amounts receivable | 41 | €3,133 | €6,163 | +€3,030 | +96.7% |
| Cash at bank and in hand | 54/58 | €31,489 | €49,918 | +€18,430 | +58.5% |
| Deferred charges and accrued income | 490/1 | €1,587 | €2,323 | +€736 | +46.4% |
| Total equity and liabilities | 10/49 | €219,392 | €215,376 | -€4,016 | -1.8% |
| Equity | 10/15 | €145,399 | €143,087 | -€2,312 | -1.6% |
| Contributions | 10/11 | €183,700 | €183,700 | = | 0.0% |
| Reserves | 13 | €43,950 | €40,876 | -€3,075 | -7.0% |
| Tax-exempt reserves | 132 | €13,495 | €10,421 | -€3,075 | -22.8% |
| Distributable reserves | 133 | €30,455 | €30,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,251 | -€81,489 | +€762 | +0.9% |
| Provisions and deferred taxes | 16 | €7,002 | €5,977 | -€1,025 | -14.6% |
| Deferred taxes | 168 | €7,002 | €5,977 | -€1,025 | -14.6% |
| Amounts payable | 17/49 | €66,991 | €66,312 | -€679 | -1.0% |
| Amounts payable within one year | 42/48 | €63,405 | €62,772 | -€633 | -1.0% |
| Trade debts | 44 | €4,597 | €3,092 | -€1,505 | -32.7% |
| Suppliers | 440/4 | €4,597 | €3,092 | -€1,505 | -32.7% |
| Taxes, remuneration and social security | 45 | €7,094 | €7,461 | +€367 | +5.2% |
| Taxes | 450/3 | €7,094 | €7,461 | +€367 | +5.2% |
| Other amounts payable | 47/48 | €51,714 | €52,219 | +€505 | +1.0% |
| Accrued charges and deferred income | 492/3 | €3,586 | €3,540 | -€46 | -1.3% |
| Non-recurring operating income | 76A | - | €12,920 | +€12,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,791 | €29,429 | -€11,362 | -27.9% |
| Other operating charges | 640/8 | €3,542 | €5,149 | +€1,607 | +45.4% |
| Gross operating margin | 9900 | -€7,149 | €42,354 | +€49,502 | |
| Operating profit (loss) | 9901 | -€51,482 | €7,776 | +€59,257 | |
| Financial income | 75/76B | €117 | €112 | -€5 | -4.7% |
| Recurring financial income | 75 | €117 | €112 | -€5 | -4.7% |
| Financial charges | 65/66B | €3,525 | €3,700 | +€175 | +5.0% |
| Recurring financial charges | 65 | €3,525 | €3,700 | +€175 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,889 | €4,188 | +€59,077 | |
| Transfer from deferred taxes | 780 | €15,245 | €1,025 | -€14,220 | -93.3% |
| Income taxes | 67/77 | €5,229 | €7,525 | +€2,296 | +43.9% |
| Profit (loss) for the period | 9904 | -€44,873 | -€2,312 | +€42,560 | +94.8% |
| Transfer from tax-exempt reserves | 789 | €53,246 | €3,075 | -€50,171 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,373 | €762 | -€7,611 | -90.9% |
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 24 October 2026 via checked.be.