VAN DER GUCHT: what changed
What changed
VAN DER GUCHT
filed annual accounts (NBB)
Net result for the year
€195,244
2024 · €301,587-€106,343
Equity
€213,844
2024 · €384,153-€170,310
Cash
€52,618
2024 · €286,622-€234,003
Balance sheet total
€245,024
2024 · €415,696-€170,672
Largest movements
Assets
- Cash -€234,003
down €234,003 (-81.6%), from €286,622 to €52,618
mainly Contributions, distributions and other (-€365,553) and Deferred charges and accrued income (-€39,885)
- Deferred charges and accrued income +€39,885
up €39,885 (+888%), from €4,489 to €44,374
- Receivables within one year +€38,690
new in 2025: €38,690
- Tangible fixed assets -€15,744
down €15,744 (-15.8%), from €99,585 to €83,841
of which Plant, machinery and equipment: -€9,121
Equity and liabilities
- Reserves -€170,310
down €170,310 (-46.6%), from €365,553 to €195,244
Income statement
- Gross operating margin -€132,013
down €132,013 (-31.7%), from €416,434 to €284,422
- Taxes -€25,895
down €25,895 (-26.8%), from €96,798 to €70,903
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
€301,587
Gross operating margin
-€132,013
Staff costs
-€502
Depreciation
-€607
Other operating charges
-€289
Financial income
+€3
Financial charges
+€1,169
Taxes
+€25,895
Result 2025
€195,244
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
+€132,050
Investment
-€500
Financing
-€365,553
Cash 2024
€286,622
From operations (derived)
+€132,050
Net result for the year
+€195,244
Depreciation
+€15,744
Receivables within one year
-€38,690
Deferred charges and accrued income
-€39,885
Smaller working-capital items
-€362
Investment (derived)
-€500
Investment in fixed assets (net)
-€500
Financing
-€365,553
Contributions, distributions and other
-€365,553
Cash 2025
€52,618
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,696 | €245,024 | -€170,672 | -41.1% |
| Fixed assets | 21/28 | €99,585 | €84,341 | -€15,244 | -15.3% |
| Tangible fixed assets | 22/27 | €99,585 | €83,841 | -€15,744 | -15.8% |
| Land and buildings | 22 | €77,324 | €72,143 | -€5,180 | -6.7% |
| Plant, machinery and equipment | 23 | €18,518 | €9,397 | -€9,121 | -49.3% |
| Furniture and vehicles | 24 | €3,743 | €2,300 | -€1,443 | -38.5% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €316,111 | €160,683 | -€155,428 | -49.2% |
| Amounts receivable within one year | 40/41 | - | €38,690 | +€38,690 | |
| Other amounts receivable | 41 | - | €38,690 | +€38,690 | |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €286,622 | €52,618 | -€234,003 | -81.6% |
| Deferred charges and accrued income | 490/1 | €4,489 | €44,374 | +€39,885 | +888% |
| Total equity and liabilities | 10/49 | €415,696 | €245,024 | -€170,672 | -41.1% |
| Equity | 10/15 | €384,153 | €213,844 | -€170,310 | -44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €365,553 | €195,244 | -€170,310 | -46.6% |
| Distributable reserves | 133 | €365,553 | €195,244 | -€170,310 | -46.6% |
| Amounts payable | 17/49 | €31,542 | €31,180 | -€362 | -1.1% |
| Amounts payable within one year | 42/48 | €31,542 | €31,180 | -€362 | -1.1% |
| Trade debts | 44 | €1,732 | €1,349 | -€383 | -22.1% |
| Suppliers | 440/4 | €1,732 | €1,349 | -€383 | -22.1% |
| Taxes, remuneration and social security | 45 | €28,123 | €28,144 | +€21 | +0.1% |
| Taxes | 450/3 | €28,096 | €27,667 | -€429 | -1.5% |
| Remuneration and social security | 454/9 | €27 | €477 | +€450 | +1,643% |
| Other amounts payable | 47/48 | €1,687 | €1,687 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €502 | +€502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,137 | €15,744 | +€607 | +4.0% |
| Other operating charges | 640/8 | €505 | €794 | +€289 | +57.2% |
| Gross operating margin | 9900 | €416,434 | €284,422 | -€132,013 | -31.7% |
| Operating profit (loss) | 9901 | €400,792 | €267,381 | -€133,411 | -33.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,407 | €1,237 | -€1,169 | -48.6% |
| Recurring financial charges | 65 | €2,407 | €1,237 | -€1,169 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €398,385 | €266,147 | -€132,238 | -33.2% |
| Income taxes | 67/77 | €96,798 | €70,903 | -€25,895 | -26.8% |
| Profit (loss) for the period | 9904 | €301,587 | €195,244 | -€106,343 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €301,587 | €195,244 | -€106,343 | -35.3% |
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 4 November 2026 via checked.be.