AU GUIDON VERT: 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.
AU GUIDON VERT
Largest movements
- Formation expenses +€40,000
up €40,000 (+84.6%), from €47,283 to €87,283
- Stocks and contracts +€27,057
up €27,057 (+28.7%), from €94,273 to €121,330
- Cash +€19,603
up €19,603 (+121%), from €16,235 to €35,838
mainly Advances received (+€87,348) and Trade debts (+€46,994)
- Advances received +€87,348
up €87,348 (+646%), from €13,524 to €100,872
- Trade debts +€46,994
up €46,994 (+136%), from €34,500 to €81,494
- Short-term financial debts -€28,211
down €28,211 (-97.7%), from €28,867 to €656
of which Credit institutions: -€28,867
- Profit (loss) carried forward -€10,321
down €10,321 (-85.0%), from €12,144 to €1,823
- Debts after one year -€6,936
down €6,936 (-13.5%), from €51,327 to €44,391
- Gross operating margin -€27,099
down €27,099 (-38.8%), from €69,898 to €42,799
- Taxes -€4,777
down €4,777 (-99.8%), from €4,786 to €9
- Financial charges -€3,534
down €3,534 (-23.0%), from €15,372 to €11,839
- Financial income +€1,889
up €1,889 (+962%), from €196 to €2,085
- Staff costs -€1,355
down €1,355 (-1.7%), from €79,357 to €78,002
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 | €235,401 | €319,144 | +€83,743 | +35.6% |
| Formation expenses | 20 | €47,283 | €87,283 | +€40,000 | +84.6% |
| Fixed assets | 21/28 | €4,775 | €1,694 | -€3,081 | -64.5% |
| Tangible fixed assets | 22/27 | €1,694 | €1,694 | = | 0.0% |
| Furniture and vehicles | 24 | €1,678 | €1,678 | = | 0.0% |
| Other tangible fixed assets | 26 | €16 | €16 | = | 0.0% |
| Financial fixed assets | 28 | €3,081 | €0 | -€3,081 | -100% |
| Current assets | 29/58 | €183,343 | €230,167 | +€46,824 | +25.5% |
| Stocks and contracts in progress | 3 | €94,273 | €121,330 | +€27,057 | +28.7% |
| Stocks | 30/36 | €94,273 | €121,330 | +€27,057 | +28.7% |
| Amounts receivable within one year | 40/41 | €66,949 | €69,784 | +€2,835 | +4.2% |
| Trade receivables | 40 | €57,713 | €59,783 | +€2,070 | +3.6% |
| Other amounts receivable | 41 | €9,237 | €10,001 | +€765 | +8.3% |
| Cash at bank and in hand | 54/58 | €16,235 | €35,838 | +€19,603 | +121% |
| Deferred charges and accrued income | 490/1 | €5,886 | €3,214 | -€2,672 | -45.4% |
| Total equity and liabilities | 10/49 | €235,401 | €319,144 | +€83,743 | +35.6% |
| Equity | 10/15 | €32,604 | €22,283 | -€10,321 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,144 | €1,823 | -€10,321 | -85.0% |
| Amounts payable | 17/49 | €202,797 | €296,861 | +€94,063 | +46.4% |
| Amounts payable after more than one year | 17 | €51,327 | €44,391 | -€6,936 | -13.5% |
| Financial debts | 170/4 | €51,327 | €44,391 | -€6,936 | -13.5% |
| Amounts payable within one year | 42/48 | €151,471 | €252,470 | +€100,999 | +66.7% |
| Current portion of amounts payable after more than one year | 42 | €19,997 | €17,660 | -€2,337 | -11.7% |
| Financial debts | 43 | €28,867 | €656 | -€28,211 | -97.7% |
| Credit institutions | 430/8 | €28,867 | €0 | -€28,867 | -100% |
| Other loans | 439 | - | €656 | +€656 | |
| Trade debts | 44 | €34,500 | €81,494 | +€46,994 | +136% |
| Suppliers | 440/4 | €34,500 | €81,494 | +€46,994 | +136% |
| Advances received on contracts in progress | 46 | €13,524 | €100,872 | +€87,348 | +646% |
| Taxes, remuneration and social security | 45 | €54,582 | €49,940 | -€4,642 | -8.5% |
| Taxes | 450/3 | €44,610 | €46,970 | +€2,359 | +5.3% |
| Remuneration and social security | 454/9 | €9,971 | €2,971 | -€7,001 | -70.2% |
| Other amounts payable | 47/48 | €0 | €1,847 | +€1,847 | |
| Remuneration, social security and pensions | 62 | €79,357 | €78,002 | -€1,355 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €660 | €0 | -€660 | -100% |
| Other operating charges | 640/8 | €2,692 | €3,955 | +€1,263 | +46.9% |
| Operating charges capitalised as restructuring costs | 649 | -€47,283 | -€40,000 | +€7,283 | +15.4% |
| Non-recurring operating charges | 66A | €5,529 | €1,400 | -€4,129 | -74.7% |
| Gross operating margin | 9900 | €69,898 | €42,799 | -€27,099 | -38.8% |
| Operating profit (loss) | 9901 | €28,943 | -€558 | -€29,501 | |
| Financial income | 75/76B | €196 | €2,085 | +€1,889 | +962% |
| Recurring financial income | 75 | €196 | €2,085 | +€1,889 | +962% |
| Financial charges | 65/66B | €15,372 | €11,839 | -€3,534 | -23.0% |
| Recurring financial charges | 65 | €15,372 | €11,839 | -€3,534 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €13,767 | -€10,311 | -€24,079 | |
| Income taxes | 67/77 | €4,786 | €9 | -€4,777 | -99.8% |
| Profit (loss) for the period | 9904 | €8,981 | -€10,321 | -€19,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,981 | -€10,321 | -€19,302 |
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.