GUAPO VENTURES: 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.
GUAPO VENTURES
Largest movements
- Receivables within one year +€24,298
up €24,298 (+27.6%), from €87,915 to €112,214
of which Trade receivables: +€15,557
- Current investments +€24,103
up €24,103 (+27.0%), from €89,417 to €113,521
- Cash -€18,000
down €18,000 (-27.3%), from €65,965 to €47,964
mainly Receivables within one year (-€24,298) and Current investments (-€24,103)
- Tax, wage and social debts +€16,667
up €16,667 (+312.2%), from €5,338 to €22,006
- Reserves +€12,752
up €12,752 (+5.6%), from €227,344 to €240,096
of which Distributable reserves: +€176,942
- Gross operating margin +€25,430
up €25,430 (+253.4%), from €10,036 to €35,466
- Taxes +€21,514
up €21,514 (+714.4%), from €3,011 to €24,526
- Financial income +€2,512
up €2,512 (+126.3%), from €1,989 to €4,501
- Financial charges +€1,606
up €1,606 (+258.3%), from €622 to €2,227
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 | €243,297 | €273,699 | +€30,402 | +12.5% |
| Current assets | 29/58 | €243,297 | €273,699 | +€30,402 | +12.5% |
| Amounts receivable within one year | 40/41 | €87,915 | €112,214 | +€24,298 | +27.6% |
| Trade receivables | 40 | €47,795 | €63,352 | +€15,557 | +32.5% |
| Other amounts receivable | 41 | €40,120 | €48,862 | +€8,742 | +21.8% |
| Current investments | 50/53 | €89,417 | €113,521 | +€24,103 | +27.0% |
| Cash at bank and in hand | 54/58 | €65,965 | €47,964 | -€18,000 | -27.3% |
| Total equity and liabilities | 10/49 | €243,297 | €273,699 | +€30,402 | +12.5% |
| Equity | 10/15 | €233,544 | €246,296 | +€12,752 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €227,344 | €240,096 | +€12,752 | +5.6% |
| Tax-exempt reserves | 132 | €164,190 | - | -€164,190 | |
| Distributable reserves | 133 | €63,154 | €240,096 | +€176,942 | +280.2% |
| Amounts payable | 17/49 | €9,754 | €27,403 | +€17,649 | +181.0% |
| Amounts payable within one year | 42/48 | €9,754 | €27,403 | +€17,649 | +181.0% |
| Trade debts | 44 | €3,430 | €5,397 | +€1,967 | +57.3% |
| Suppliers | 440/4 | €3,430 | €5,397 | +€1,967 | +57.3% |
| Taxes, remuneration and social security | 45 | €5,338 | €22,006 | +€16,667 | +312.2% |
| Taxes | 450/3 | €5,338 | €22,006 | +€16,667 | +312.2% |
| Other amounts payable | 47/48 | €985 | - | -€985 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €10,036 | €35,466 | +€25,430 | +253.4% |
| Operating profit (loss) | 9901 | €9,587 | €35,004 | +€25,417 | +265.1% |
| Financial income | 75/76B | €1,989 | €4,501 | +€2,512 | +126.3% |
| Recurring financial income | 75 | €1,989 | €4,501 | +€2,512 | +126.3% |
| Financial charges | 65/66B | €622 | €2,227 | +€1,606 | +258.3% |
| Recurring financial charges | 65 | €622 | €2,227 | +€1,606 | +258.3% |
| Profit (loss) for the period before taxes | 9903 | €10,954 | €37,278 | +€26,324 | +240.3% |
| Income taxes | 67/77 | €3,011 | €24,526 | +€21,514 | +714.4% |
| Profit (loss) for the period | 9904 | €7,943 | €12,752 | +€4,810 | +60.6% |
| Transfer from tax-exempt reserves | 789 | - | €164,190 | +€164,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,943 | €176,942 | +€169,000 | +2127.8% |
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 2 October 2026 via checked.be.