GUAPAR: what changed
Two fiscal 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.
GUAPAR
Largest movements
- Cash +€43,722
up €43,722 (+54.0%), from €80,937 to €124,659
mainly Depreciation (+€33,794) and Net result for the year (+€14,899)
- Tangible fixed assets -€33,794
down €33,794 (-3.7%), from €925,482 to €891,689
of which Land and buildings: -€29,892
- Profit (loss) carried forward +€13,233
up €13,233 (+2.9%), from €451,133 to €464,365
- Depreciation -€4,198
down €4,198 (-11.1%), from €37,992 to €33,794
- Gross operating margin +€3,916
up €3,916 (+5.2%), from €75,712 to €79,628
- Financial charges -€3,009
down €3,009 (-11.7%), from €25,761 to €22,752
- Taxes +€2,265
up €2,265 (+60.7%), from €3,729 to €5,994
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.
Cash bridge derived
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 | €1,009,114 | €1,019,293 | +€10,180 | +1.0% |
| Fixed assets | 21/28 | €925,482 | €891,689 | -€33,794 | -3.7% |
| Tangible fixed assets | 22/27 | €925,482 | €891,689 | -€33,794 | -3.7% |
| Land and buildings | 22 | €921,581 | €891,689 | -€29,892 | -3.2% |
| Furniture and vehicles | 24 | €3,902 | - | -€3,902 | |
| Current assets | 29/58 | €83,631 | €127,605 | +€43,974 | +52.6% |
| Amounts receivable within one year | 40/41 | €2,176 | €2,427 | +€252 | +11.6% |
| Other amounts receivable | 41 | €2,176 | €2,427 | +€252 | +11.6% |
| Cash at bank and in hand | 54/58 | €80,937 | €124,659 | +€43,722 | +54.0% |
| Deferred charges and accrued income | 490/1 | €518 | €518 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,009,114 | €1,019,293 | +€10,180 | +1.0% |
| Equity | 10/15 | €661,133 | €674,365 | +€13,233 | +2.0% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €451,133 | €464,365 | +€13,233 | +2.9% |
| Amounts payable | 17/49 | €347,981 | €344,928 | -€3,053 | -0.9% |
| Amounts payable after more than one year | 17 | €320,260 | €320,260 | = | 0.0% |
| Other amounts payable | 178/9 | €320,260 | €320,260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,036 | €1,994 | -€42 | -2.1% |
| Trade debts | 44 | €318 | €328 | +€10 | +3.0% |
| Suppliers | 440/4 | €318 | €328 | +€10 | +3.0% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Accrued charges and deferred income | 492/3 | €25,685 | €22,674 | -€3,010 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,992 | €33,794 | -€4,198 | -11.1% |
| Other operating charges | 640/8 | €2,126 | €2,189 | +€64 | +3.0% |
| Gross operating margin | 9900 | €75,712 | €79,628 | +€3,916 | +5.2% |
| Operating profit (loss) | 9901 | €35,594 | €43,645 | +€8,051 | +22.6% |
| Financial charges | 65/66B | €25,761 | €22,752 | -€3,009 | -11.7% |
| Recurring financial charges | 65 | €25,761 | €22,752 | -€3,009 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €9,833 | €20,893 | +€11,060 | +112.5% |
| Income taxes | 67/77 | €3,729 | €5,994 | +€2,265 | +60.7% |
| Profit (loss) for the period | 9904 | €6,104 | €14,899 | +€8,795 | +144.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,104 | €14,899 | +€8,795 | +144.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.