G.U.S.T.: 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.
G.U.S.T.
Largest movements
- Tangible fixed assets -€35,920
down €35,920 (-2.8%), from €1.3m to €1.2m
of which Land and buildings: -€33,822
- Cash -€27,953
down €27,953 (-28.7%), from €97,318 to €69,365
mainly Debts after one year (-€19,622) and Other debts (-€17,336)
- Debts after one year -€19,622
down €19,622 (-4.0%), from €486,877 to €467,255
- Other debts -€17,336
down €17,336 (-33.4%), from €51,894 to €34,559
- Profit (loss) carried forward -€15,002
down €15,002 (-66.2%), from -€22,646 to -€37,648
- Financial income +€49,531
up €49,531 (+6,302%), from €786 to €50,317
- Staff costs +€12,221
up €12,221 (+29.7%), from €41,086 to €53,307
- Gross operating margin -€1,151
down €1,151 (-3.0%), from €38,555 to €37,403
- Financial charges -€974
down €974 (-8.1%), from €11,977 to €11,004
- Depreciation +€799
up €799 (+2.2%), from €35,638 to €36,437
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 | €1,442,704 | €1,387,713 | -€54,991 | -3.8% |
| Fixed assets | 21/28 | €1,299,404 | €1,263,485 | -€35,920 | -2.8% |
| Tangible fixed assets | 22/27 | €1,272,404 | €1,236,485 | -€35,920 | -2.8% |
| Land and buildings | 22 | €1,253,980 | €1,220,159 | -€33,822 | -2.7% |
| Furniture and vehicles | 24 | €18,424 | €16,326 | -€2,098 | -11.4% |
| Financial fixed assets | 28 | €27,000 | €27,000 | = | 0.0% |
| Current assets | 29/58 | €143,300 | €124,228 | -€19,071 | -13.3% |
| Amounts receivable within one year | 40/41 | €44,147 | €51,149 | +€7,002 | +15.9% |
| Trade receivables | 40 | €33,906 | €4,255 | -€29,651 | -87.5% |
| Other amounts receivable | 41 | €10,241 | €46,894 | +€36,653 | +358% |
| Cash at bank and in hand | 54/58 | €97,318 | €69,365 | -€27,953 | -28.7% |
| Deferred charges and accrued income | 490/1 | €1,834 | €3,714 | +€1,880 | +102% |
| Total equity and liabilities | 10/49 | €1,442,704 | €1,387,713 | -€54,991 | -3.8% |
| Equity | 10/15 | €861,553 | €846,551 | -€15,002 | -1.7% |
| Contributions | 10/11 | €114,200 | €114,200 | = | 0.0% |
| Reserves | 13 | €769,999 | €769,999 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,420 | €11,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,420 | €11,420 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €632,279 | €632,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,646 | -€37,648 | -€15,002 | -66.2% |
| Amounts payable | 17/49 | €581,151 | €541,162 | -€39,989 | -6.9% |
| Amounts payable after more than one year | 17 | €486,877 | €467,255 | -€19,622 | -4.0% |
| Financial debts | 170/4 | €486,877 | €467,255 | -€19,622 | -4.0% |
| Amounts payable within one year | 42/48 | €89,987 | €70,680 | -€19,307 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €23,674 | €23,854 | +€180 | +0.8% |
| Trade debts | 44 | €4,859 | €824 | -€4,034 | -83.0% |
| Suppliers | 440/4 | €4,859 | €824 | -€4,034 | -83.0% |
| Taxes, remuneration and social security | 45 | €9,560 | €11,443 | +€1,883 | +19.7% |
| Taxes | 450/3 | €1,778 | €3,325 | +€1,547 | +87.0% |
| Remuneration and social security | 454/9 | €7,782 | €8,118 | +€336 | +4.3% |
| Other amounts payable | 47/48 | €51,894 | €34,559 | -€17,336 | -33.4% |
| Accrued charges and deferred income | 492/3 | €4,287 | €3,227 | -€1,060 | -24.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €41,086 | €53,307 | +€12,221 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,638 | €36,437 | +€799 | +2.2% |
| Other operating charges | 640/8 | €2,147 | €1,496 | -€651 | -30.3% |
| Gross operating margin | 9900 | €38,555 | €37,403 | -€1,151 | -3.0% |
| Operating profit (loss) | 9901 | -€40,317 | -€53,837 | -€13,521 | -33.5% |
| Financial income | 75/76B | €786 | €50,317 | +€49,531 | +6,302% |
| Recurring financial income | 75 | €786 | €50,317 | +€49,531 | +6,302% |
| Financial charges | 65/66B | €11,977 | €11,004 | -€974 | -8.1% |
| Recurring financial charges | 65 | €11,977 | €11,004 | -€974 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,508 | -€14,524 | +€36,984 | +71.8% |
| Income taxes | 67/77 | €422 | €478 | +€56 | +13.2% |
| Profit (loss) for the period | 9904 | -€51,930 | -€15,002 | +€36,928 | +71.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,930 | -€15,002 | +€36,928 | +71.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.