ARNAUD GUISSET: 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.
ARNAUD GUISSET
Largest movements
- Receivables within one year -€49,349
down €49,349 (-81.8%), from €60,304 to €10,955
of which Trade receivables: -€30,403
- Deferred charges and accrued income +€24,841
up €24,841 (+1,170%), from €2,124 to €26,965
- Tangible fixed assets -€1,687
down €1,687 (-50.7%), from €3,327 to €1,640
of which Furniture and vehicles: -€1,209
- Trade debts -€14,785
no longer reported in 2025 (was €14,785)
- Short-term financial debts -€4,282
down €4,282 (-34.1%), from €12,550 to €8,269
- Tax, wage and social debts -€3,252
down €3,252 (-94.1%), from €3,455 to €203
- Profit (loss) carried forward -€2,259
down €2,259 (-24.8%), from €9,093 to €6,834
- Other debts -€1,618
down €1,618 (-22.2%), from €7,272 to €5,655
- Gross operating margin -€18,005
down €18,005 (-86.4%), from €20,847 to €2,841
- Taxes -€4,104
down €4,104 (-95.3%), from €4,307 to €203
- Staff costs +€1,146
new in 2025: €1,146
- Financial charges +€517
up €517 (+45.4%), from €1,138 to €1,655
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,755 | €39,560 | -€26,195 | -39.8% |
| Fixed assets | 21/28 | €3,327 | €1,640 | -€1,687 | -50.7% |
| Tangible fixed assets | 22/27 | €3,327 | €1,640 | -€1,687 | -50.7% |
| Plant, machinery and equipment | 23 | €847 | €368 | -€478 | -56.5% |
| Furniture and vehicles | 24 | €2,480 | €1,272 | -€1,209 | -48.7% |
| Current assets | 29/58 | €62,428 | €37,920 | -€24,508 | -39.3% |
| Amounts receivable within one year | 40/41 | €60,304 | €10,955 | -€49,349 | -81.8% |
| Trade receivables | 40 | €36,903 | €6,500 | -€30,403 | -82.4% |
| Other amounts receivable | 41 | €23,401 | €4,455 | -€18,946 | -81.0% |
| Deferred charges and accrued income | 490/1 | €2,124 | €26,965 | +€24,841 | +1,170% |
| Total equity and liabilities | 10/49 | €65,755 | €39,560 | -€26,195 | -39.8% |
| Equity | 10/15 | €27,693 | €25,434 | -€2,259 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,093 | €6,834 | -€2,259 | -24.8% |
| Amounts payable | 17/49 | €38,062 | €14,126 | -€23,936 | -62.9% |
| Amounts payable within one year | 42/48 | €38,062 | €14,126 | -€23,936 | -62.9% |
| Financial debts | 43 | €12,550 | €8,269 | -€4,282 | -34.1% |
| Credit institutions | 430/8 | €12,550 | €8,269 | -€4,282 | -34.1% |
| Trade debts | 44 | €14,785 | - | -€14,785 | |
| Suppliers | 440/4 | €14,785 | - | -€14,785 | |
| Taxes, remuneration and social security | 45 | €3,455 | €203 | -€3,252 | -94.1% |
| Taxes | 450/3 | €3,455 | €203 | -€3,252 | -94.1% |
| Other amounts payable | 47/48 | €7,272 | €5,655 | -€1,618 | -22.2% |
| Remuneration, social security and pensions | 62 | - | €1,146 | +€1,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,812 | €1,687 | -€125 | -6.9% |
| Other operating charges | 640/8 | €512 | €410 | -€103 | -20.0% |
| Gross operating margin | 9900 | €20,847 | €2,841 | -€18,005 | -86.4% |
| Operating profit (loss) | 9901 | €18,523 | -€401 | -€18,923 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,138 | €1,655 | +€517 | +45.4% |
| Recurring financial charges | 65 | €1,138 | €1,655 | +€517 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €17,384 | -€2,056 | -€19,440 | |
| Income taxes | 67/77 | €4,307 | €203 | -€4,104 | -95.3% |
| Profit (loss) for the period | 9904 | €13,078 | -€2,259 | -€15,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,078 | -€2,259 | -€15,337 |
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 29 October 2026 via checked.be.