GUALTO: 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.
GUALTO
Largest movements
- Cash +€104,482
up €104,482 (+328%), from €31,889 to €136,372
mainly Net result for the year (+€110,267) and Depreciation (+€2,963)
- Receivables within one year +€4,533
up €4,533 (+54.6%), from €8,309 to €12,842
- Reserves +€110,267
up €110,267 (+333%), from €33,107 to €143,374
- Gross operating margin +€114,644
up €114,644 (+361%), from €31,732 to €146,376
- Taxes +€25,276
up €25,276 (+422%), from €5,991 to €31,267
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 | €49,314 | €158,212 | +€108,898 | +221% |
| Fixed assets | 21/28 | €8,741 | €8,612 | -€129 | -1.5% |
| Tangible fixed assets | 22/27 | €8,741 | €8,612 | -€129 | -1.5% |
| Furniture and vehicles | 24 | €8,741 | €8,612 | -€129 | -1.5% |
| Current assets | 29/58 | €40,573 | €149,600 | +€109,027 | +269% |
| Amounts receivable within one year | 40/41 | €8,309 | €12,842 | +€4,533 | +54.6% |
| Other amounts receivable | 41 | €8,309 | €12,842 | +€4,533 | +54.6% |
| Cash at bank and in hand | 54/58 | €31,889 | €136,372 | +€104,482 | +328% |
| Deferred charges and accrued income | 490/1 | €375 | €386 | +€11 | +3.0% |
| Total equity and liabilities | 10/49 | €49,314 | €158,212 | +€108,898 | +221% |
| Equity | 10/15 | €35,107 | €145,374 | +€110,267 | +314% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,107 | €143,374 | +€110,267 | +333% |
| Distributable reserves | 133 | €33,107 | €143,374 | +€110,267 | +333% |
| Amounts payable | 17/49 | €14,207 | €12,838 | -€1,369 | -9.6% |
| Amounts payable within one year | 42/48 | €13,616 | €12,364 | -€1,253 | -9.2% |
| Trade debts | 44 | €864 | €534 | -€330 | -38.2% |
| Suppliers | 440/4 | €864 | €534 | -€330 | -38.2% |
| Taxes, remuneration and social security | 45 | €3,003 | €2,953 | -€50 | -1.7% |
| Taxes | 450/3 | €3,003 | €2,953 | -€50 | -1.7% |
| Other amounts payable | 47/48 | €9,749 | €8,876 | -€873 | -9.0% |
| Accrued charges and deferred income | 492/3 | €591 | €474 | -€117 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,616 | €2,963 | +€348 | +13.3% |
| Other operating charges | 640/8 | €730 | €1,127 | +€397 | +54.4% |
| Gross operating margin | 9900 | €31,732 | €146,376 | +€114,644 | +361% |
| Operating profit (loss) | 9901 | €28,387 | €142,286 | +€113,899 | +401% |
| Financial charges | 65/66B | €938 | €753 | -€185 | -19.8% |
| Recurring financial charges | 65 | €938 | €753 | -€185 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €27,449 | €141,534 | +€114,085 | +416% |
| Income taxes | 67/77 | €5,991 | €31,267 | +€25,276 | +422% |
| Profit (loss) for the period | 9904 | €21,458 | €110,267 | +€88,809 | +414% |
| Profit (loss) for the period to be appropriated | 9905 | €21,458 | €110,267 | +€88,809 | +414% |
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.