E.GUISSARD: 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.
E.GUISSARD
Largest movements
- Receivables within one year +€12,387
up €12,387 (+285%), from €4,347 to €16,734
of which Trade receivables: +€11,462
- Tangible fixed assets -€4,778
down €4,778 (-30.1%), from €15,866 to €11,088
- Cash +€778
up €778 (+279%), from €279 to €1,057
mainly Net result for the year (+€13,579) and Depreciation (+€4,778)
- Profit (loss) carried forward +€13,579
up €13,579 (+50.6%), from -€26,836 to -€13,256
- Other debts -€9,640
down €9,640 (-35.4%), from €27,195 to €17,555
- Tax, wage and social debts +€2,339
up €2,339 (+58.6%), from €3,991 to €6,330
- Trade debts +€2,013
up €2,013 (+84.6%), from €2,379 to €4,392
- Gross operating margin +€11,046
up €11,046 (+76.4%), from €14,454 to €25,500
- Taxes +€2,718
up €2,718 (+75.3%), from €3,611 to €6,330
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 | €20,990 | €29,280 | +€8,291 | +39.5% |
| Fixed assets | 21/28 | €15,866 | €11,088 | -€4,778 | -30.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €15,866 | €11,088 | -€4,778 | -30.1% |
| Furniture and vehicles | 24 | €15,866 | €11,088 | -€4,778 | -30.1% |
| Current assets | 29/58 | €5,124 | €18,193 | +€13,069 | +255% |
| Amounts receivable within one year | 40/41 | €4,347 | €16,734 | +€12,387 | +285% |
| Trade receivables | 40 | €4,347 | €15,809 | +€11,462 | +264% |
| Other amounts receivable | 41 | - | €925 | +€925 | |
| Cash at bank and in hand | 54/58 | €279 | €1,057 | +€778 | +279% |
| Deferred charges and accrued income | 490/1 | €499 | €402 | -€96 | -19.3% |
| Total equity and liabilities | 10/49 | €20,990 | €29,280 | +€8,291 | +39.5% |
| Equity | 10/15 | -€12,576 | €1,004 | +€13,579 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,836 | -€13,256 | +€13,579 | +50.6% |
| Amounts payable | 17/49 | €33,565 | €28,277 | -€5,289 | -15.8% |
| Amounts payable within one year | 42/48 | €33,565 | €28,277 | -€5,289 | -15.8% |
| Trade debts | 44 | €2,379 | €4,392 | +€2,013 | +84.6% |
| Suppliers | 440/4 | €2,379 | €4,392 | +€2,013 | +84.6% |
| Taxes, remuneration and social security | 45 | €3,991 | €6,330 | +€2,339 | +58.6% |
| Taxes | 450/3 | €3,991 | €6,330 | +€2,339 | +58.6% |
| Other amounts payable | 47/48 | €27,195 | €17,555 | -€9,640 | -35.4% |
| Non-recurring operating income | 76A | - | €259 | +€259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,778 | €4,778 | = | 0.0% |
| Other operating charges | 640/8 | €615 | €636 | +€20 | +3.3% |
| Gross operating margin | 9900 | €14,454 | €25,500 | +€11,046 | +76.4% |
| Operating profit (loss) | 9901 | €9,060 | €20,086 | +€11,026 | +122% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €96 | €177 | +€81 | +84.4% |
| Recurring financial charges | 65 | €96 | €177 | +€81 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | €8,964 | €19,909 | +€10,945 | +122% |
| Income taxes | 67/77 | €3,611 | €6,330 | +€2,718 | +75.3% |
| Profit (loss) for the period | 9904 | €5,353 | €13,579 | +€8,226 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €5,353 | €13,579 | +€8,226 | +154% |
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 21 October 2026 via checked.be.