Van Gugte-De Padt: 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 Gugte-De Padt
Largest movements
- Cash +€65,746
up €65,746 (+110.2%), from €59,658 to €125,404
mainly Net result for the year (+€104,655) and Depreciation (+€77,164)
- Intangible fixed assets -€55,750
down €55,750 (-21.0%), from €265,318 to €209,568
- Receivables within one year -€29,244
down €29,244 (-97.2%), from €30,087 to €842
- Tangible fixed assets -€21,415
down €21,415 (-28.5%), from €75,103 to €53,688
of which Furniture and vehicles: -€12,185
- Other debts -€126,637
down €126,637 (-48.6%), from €260,536 to €133,898
- Reserves +€104,655
up €104,655 (+5626.6%), from €1,860 to €106,515
- Debts after one year -€23,057
down €23,057 (-24.9%), from €92,542 to €69,485
- Tax, wage and social debts +€19,136
up €19,136 (+49.2%), from €38,909 to €58,045
of which Taxes: +€17,825
- Trade debts -€14,084
down €14,084 (-87.1%), from €16,172 to €2,088
- Gross operating margin +€99,393
up €99,393 (+29.1%), from €341,667 to €441,060
- Taxes +€44,819
up €44,819 (+380.5%), from €11,778 to €56,597
- Staff costs -€33,171
down €33,171 (-14.4%), from €230,856 to €197,686
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.
Cash bridge derived
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 | €470,281 | €430,256 | -€40,025 | -8.5% |
| Fixed assets | 21/28 | €340,421 | €263,256 | -€77,164 | -22.7% |
| Intangible fixed assets | 21 | €265,318 | €209,568 | -€55,750 | -21.0% |
| Tangible fixed assets | 22/27 | €75,103 | €53,688 | -€21,415 | -28.5% |
| Land and buildings | 22 | €14,095 | €12,583 | -€1,513 | -10.7% |
| Plant, machinery and equipment | 23 | €18,532 | €10,815 | -€7,717 | -41.6% |
| Furniture and vehicles | 24 | €42,475 | €30,290 | -€12,185 | -28.7% |
| Current assets | 29/58 | €129,860 | €167,000 | +€37,140 | +28.6% |
| Amounts receivable within one year | 40/41 | €30,087 | €842 | -€29,244 | -97.2% |
| Other amounts receivable | 41 | €30,087 | €842 | -€29,244 | -97.2% |
| Cash at bank and in hand | 54/58 | €59,658 | €125,404 | +€65,746 | +110.2% |
| Deferred charges and accrued income | 490/1 | €40,116 | €40,754 | +€638 | +1.6% |
| Total equity and liabilities | 10/49 | €470,281 | €430,256 | -€40,025 | -8.5% |
| Equity | 10/15 | €35,027 | €139,682 | +€104,655 | +298.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €106,515 | +€104,655 | +5626.6% |
| Distributable reserves | 133 | €1,860 | €106,515 | +€104,655 | +5626.6% |
| Profit (loss) carried forward | 14 | €14,567 | €14,567 | = | 0.0% |
| Amounts payable | 17/49 | €435,254 | €290,574 | -€144,679 | -33.2% |
| Amounts payable after more than one year | 17 | €92,542 | €69,485 | -€23,057 | -24.9% |
| Financial debts | 170/4 | €92,542 | €69,485 | -€23,057 | -24.9% |
| Amounts payable within one year | 42/48 | €338,711 | €217,089 | -€121,622 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €23,094 | €23,057 | -€37 | -0.2% |
| Trade debts | 44 | €16,172 | €2,088 | -€14,084 | -87.1% |
| Suppliers | 440/4 | €16,172 | €2,088 | -€14,084 | -87.1% |
| Taxes, remuneration and social security | 45 | €38,909 | €58,045 | +€19,136 | +49.2% |
| Taxes | 450/3 | €79 | €17,904 | +€17,825 | +22704.3% |
| Remuneration and social security | 454/9 | €38,831 | €40,142 | +€1,311 | +3.4% |
| Other amounts payable | 47/48 | €260,536 | €133,898 | -€126,637 | -48.6% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €230,856 | €197,686 | -€33,171 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,553 | €77,164 | +€1,612 | +2.1% |
| Other operating charges | 640/8 | €3,478 | €2,074 | -€1,404 | -40.4% |
| Gross operating margin | 9900 | €341,667 | €441,060 | +€99,393 | +29.1% |
| Operating profit (loss) | 9901 | €31,779 | €164,136 | +€132,357 | +416.5% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €3,596 | €2,884 | -€712 | -19.8% |
| Recurring financial charges | 65 | €3,596 | €2,884 | -€712 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €28,205 | €161,252 | +€133,047 | +471.7% |
| Income taxes | 67/77 | €11,778 | €56,597 | +€44,819 | +380.5% |
| Profit (loss) for the period | 9904 | €16,427 | €104,655 | +€88,227 | +537.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,427 | €104,655 | +€88,227 | +537.1% |
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 9 October 2026 via checked.be.