Bar Gustave: 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.
Bar Gustave
Largest movements
- Receivables within one year -€12,585
down €12,585 (-49.7%), from €25,342 to €12,757
of which Other amounts receivable: -€10,903
- Stocks and contracts +€10,581
new in 2025: €10,581
- Cash +€5,622
up €5,622 (+20.5%), from €27,414 to €33,036
mainly Depreciation (+€16,579) and Net result for the year (+€15,616)
- Tangible fixed assets -€2,611
down €2,611 (-4.8%), from €54,766 to €52,155
of which Furniture and vehicles: -€5,836
- Deferred charges and accrued income +€1,150
up €1,150 (+80.4%), from €1,431 to €2,581
- Trade debts -€28,337
down €28,337 (-71.6%), from €39,558 to €11,221
- Profit (loss) carried forward +€15,616
up €15,616 (+18.6%), from -€83,766 to -€68,150
- Other debts +€12,750
new in 2025: €12,750
- Tax, wage and social debts +€12,240
up €12,240 (+34.5%), from €35,436 to €47,677
of which Remuneration and social security: +€16,343
- Debts after one year -€9,306
down €9,306 (-14.6%), from €63,794 to €54,487
- Financial charges -€70,651
down €70,651 (-82.9%), from €85,262 to €14,611
of which Non-recurring financial charges: -€77,754
- Staff costs -€30,308
down €30,308 (-13.1%), from €230,878 to €200,570
- Taxes +€25,003
up €25,003 (+7,404%), from €338 to €25,341
- Gross operating margin +€18,150
up €18,150 (+7.2%), from €250,684 to €268,834
- Financial income +€4,478
up €4,478 (+1,006%), from €445 to €4,923
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 | €109,366 | €112,458 | +€3,091 | +2.8% |
| Fixed assets | 21/28 | €55,180 | €53,503 | -€1,676 | -3.0% |
| Tangible fixed assets | 22/27 | €54,766 | €52,155 | -€2,611 | -4.8% |
| Land and buildings | 22 | €10,433 | €9,457 | -€976 | -9.4% |
| Plant, machinery and equipment | 23 | €30,361 | €34,563 | +€4,202 | +13.8% |
| Furniture and vehicles | 24 | €13,971 | €8,135 | -€5,836 | -41.8% |
| Financial fixed assets | 28 | €414 | €1,348 | +€934 | +226% |
| Current assets | 29/58 | €54,187 | €58,954 | +€4,768 | +8.8% |
| Stocks and contracts in progress | 3 | - | €10,581 | +€10,581 | |
| Stocks | 30/36 | - | €10,581 | +€10,581 | |
| Amounts receivable within one year | 40/41 | €25,342 | €12,757 | -€12,585 | -49.7% |
| Trade receivables | 40 | €1,682 | - | -€1,682 | |
| Other amounts receivable | 41 | €23,661 | €12,757 | -€10,903 | -46.1% |
| Cash at bank and in hand | 54/58 | €27,414 | €33,036 | +€5,622 | +20.5% |
| Deferred charges and accrued income | 490/1 | €1,431 | €2,581 | +€1,150 | +80.4% |
| Total equity and liabilities | 10/49 | €109,366 | €112,458 | +€3,091 | +2.8% |
| Equity | 10/15 | -€38,599 | -€22,983 | +€15,616 | +40.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €5,167 | €5,167 | = | 0.0% |
| Distributable reserves | 133 | €5,167 | €5,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,766 | -€68,150 | +€15,616 | +18.6% |
| Amounts payable | 17/49 | €147,965 | €135,441 | -€12,524 | -8.5% |
| Amounts payable after more than one year | 17 | €63,794 | €54,487 | -€9,306 | -14.6% |
| Financial debts | 170/4 | €63,794 | €54,487 | -€9,306 | -14.6% |
| Amounts payable within one year | 42/48 | €84,124 | €80,953 | -€3,171 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €9,130 | €9,306 | +€176 | +1.9% |
| Trade debts | 44 | €39,558 | €11,221 | -€28,337 | -71.6% |
| Suppliers | 440/4 | €39,558 | €11,221 | -€28,337 | -71.6% |
| Taxes, remuneration and social security | 45 | €35,436 | €47,677 | +€12,240 | +34.5% |
| Taxes | 450/3 | €35,436 | €31,333 | -€4,103 | -11.6% |
| Remuneration and social security | 454/9 | - | €16,343 | +€16,343 | |
| Other amounts payable | 47/48 | - | €12,750 | +€12,750 | |
| Accrued charges and deferred income | 492/3 | €47 | - | -€47 | |
| Remuneration, social security and pensions | 62 | €230,878 | €200,570 | -€30,308 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,684 | €16,579 | +€894 | +5.7% |
| Other operating charges | 640/8 | €2,733 | €1,040 | -€1,693 | -61.9% |
| Gross operating margin | 9900 | €250,684 | €268,834 | +€18,150 | +7.2% |
| Operating profit (loss) | 9901 | €1,389 | €50,645 | +€49,256 | +3,547% |
| Financial income | 75/76B | €445 | €4,923 | +€4,478 | +1,006% |
| Recurring financial income | 75 | €445 | €4,923 | +€4,478 | +1,006% |
| Financial charges | 65/66B | €85,262 | €14,611 | -€70,651 | -82.9% |
| Recurring financial charges | 65 | €7,507 | €14,611 | +€7,104 | +94.6% |
| Non-recurring financial charges | 66B | €77,754 | - | -€77,754 | |
| Profit (loss) for the period before taxes | 9903 | -€83,428 | €40,957 | +€124,385 | |
| Income taxes | 67/77 | €338 | €25,341 | +€25,003 | +7,404% |
| Profit (loss) for the period | 9904 | -€83,766 | €15,616 | +€99,381 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,766 | €15,616 | +€99,381 |
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 16 October 2026 via checked.be.