GENERAL GUERCIF: 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.
GENERAL GUERCIF
Largest movements
- Receivables within one year +€5,161
up €5,161 (+539%), from €958 to €6,119
- Cash -€2,045
down €2,045 (-16.0%), from €12,790 to €10,745
mainly Receivables within one year (-€5,161) and Tax, wage and social debts (-€4,451)
- Profit (loss) carried forward +€7,411
up €7,411 (+34.0%), from -€21,768 to -€14,357
- Tax, wage and social debts -€4,451
no longer reported in 2025 (was €4,451)
of which Remuneration and social security: -€4,409
- Other operating charges -€10,085
down €10,085 (-93.9%), from €10,739 to €654
- Gross operating margin +€3,586
up €3,586 (+78.0%), from €4,597 to €8,183
- Staff costs -€642
no longer reported in 2025 (was €642)
- Taxes -€120
no longer reported in 2025 (was €120)
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 | €14,261 | €17,376 | +€3,116 | +21.8% |
| Fixed assets | 21/28 | €513 | €513 | = | 0.0% |
| Financial fixed assets | 28 | €513 | €513 | = | 0.0% |
| Current assets | 29/58 | €13,748 | €16,864 | +€3,116 | +22.7% |
| Amounts receivable within one year | 40/41 | €958 | €6,119 | +€5,161 | +539% |
| Other amounts receivable | 41 | €958 | €6,119 | +€5,161 | +539% |
| Cash at bank and in hand | 54/58 | €12,790 | €10,745 | -€2,045 | -16.0% |
| Total equity and liabilities | 10/49 | €14,261 | €17,376 | +€3,116 | +21.8% |
| Equity | 10/15 | -€3,157 | €4,254 | +€7,411 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11 | €11 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11 | €11 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11 | €11 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,768 | -€14,357 | +€7,411 | +34.0% |
| Amounts payable | 17/49 | €17,418 | €13,122 | -€4,295 | -24.7% |
| Amounts payable within one year | 42/48 | €17,418 | €13,122 | -€4,295 | -24.7% |
| Trade debts | 44 | €68 | €224 | +€156 | +228% |
| Suppliers | 440/4 | €68 | €224 | +€156 | +228% |
| Taxes, remuneration and social security | 45 | €4,451 | - | -€4,451 | |
| Taxes | 450/3 | €42 | - | -€42 | |
| Remuneration and social security | 454/9 | €4,409 | - | -€4,409 | |
| Other amounts payable | 47/48 | €12,899 | €12,899 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €642 | - | -€642 | |
| Other operating charges | 640/8 | €10,739 | €654 | -€10,085 | -93.9% |
| Gross operating margin | 9900 | €4,597 | €8,183 | +€3,586 | +78.0% |
| Operating profit (loss) | 9901 | -€6,783 | €7,529 | +€14,313 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €106 | €120 | +€14 | +12.9% |
| Recurring financial charges | 65 | €106 | €120 | +€14 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,889 | €7,411 | +€14,300 | |
| Income taxes | 67/77 | €120 | - | -€120 | |
| Profit (loss) for the period | 9904 | -€7,009 | €7,411 | +€14,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,009 | €7,411 | +€14,420 |
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 26 October 2026 via checked.be.