Guard Industrie Distribution: 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.
Guard Industrie Distribution
Largest movements
- Receivables within one year -€23,938
down €23,938 (-13.4%), from €178,597 to €154,659
- Cash -€8,553
down €8,553 (-42.5%), from €20,109 to €11,556
mainly Trade debts (-€45,890) and Stocks and contracts (-€1,768)
- Trade debts -€45,890
down €45,890 (-33.3%), from €137,908 to €92,019
- Profit (loss) carried forward +€14,189
up €14,189 (+163%), from €8,723 to €22,912
- Financial charges -€15,101
down €15,101 (-94.9%), from €15,919 to €818
- Staff costs +€2,857
up €2,857 (+4.7%), from €60,379 to €63,236
- Taxes +€2,433
up €2,433 (+80.9%), from €3,007 to €5,440
- Gross operating margin -€2,269
down €2,269 (-2.6%), from €86,446 to €84,177
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 | €213,170 | €182,824 | -€30,346 | -14.2% |
| Current assets | 29/58 | €213,170 | €182,824 | -€30,346 | -14.2% |
| Stocks and contracts in progress | 3 | €13,102 | €14,869 | +€1,768 | +13.5% |
| Stocks | 30/36 | €13,102 | €14,869 | +€1,768 | +13.5% |
| Amounts receivable within one year | 40/41 | €178,597 | €154,659 | -€23,938 | -13.4% |
| Trade receivables | 40 | €178,597 | €154,659 | -€23,938 | -13.4% |
| Cash at bank and in hand | 54/58 | €20,109 | €11,556 | -€8,553 | -42.5% |
| Deferred charges and accrued income | 490/1 | €1,362 | €1,739 | +€378 | +27.7% |
| Total equity and liabilities | 10/49 | €213,170 | €182,824 | -€30,346 | -14.2% |
| Equity | 10/15 | €27,323 | €41,512 | +€14,189 | +51.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,723 | €22,912 | +€14,189 | +163% |
| Amounts payable | 17/49 | €185,847 | €141,312 | -€44,535 | -24.0% |
| Amounts payable within one year | 42/48 | €185,847 | €141,312 | -€44,535 | -24.0% |
| Trade debts | 44 | €137,908 | €92,019 | -€45,890 | -33.3% |
| Suppliers | 440/4 | €137,908 | €92,019 | -€45,890 | -33.3% |
| Taxes, remuneration and social security | 45 | €47,939 | €49,294 | +€1,355 | +2.8% |
| Taxes | 450/3 | €36,978 | €38,313 | +€1,335 | +3.6% |
| Remuneration and social security | 454/9 | €10,961 | €10,981 | +€20 | +0.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €60,379 | €63,236 | +€2,857 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €625 | €531 | -€94 | -15.0% |
| Gross operating margin | 9900 | €86,446 | €84,177 | -€2,269 | -2.6% |
| Operating profit (loss) | 9901 | €25,442 | €20,409 | -€5,033 | -19.8% |
| Financial income | 75/76B | €650 | €38 | -€612 | -94.2% |
| Recurring financial income | 75 | €650 | €38 | -€612 | -94.2% |
| Financial charges | 65/66B | €15,919 | €818 | -€15,101 | -94.9% |
| Recurring financial charges | 65 | €15,919 | €818 | -€15,101 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €10,174 | €19,629 | +€9,456 | +92.9% |
| Income taxes | 67/77 | €3,007 | €5,440 | +€2,433 | +80.9% |
| Profit (loss) for the period | 9904 | €7,166 | €14,189 | +€7,023 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,166 | €14,189 | +€7,023 | +98.0% |
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 31 October 2026 via checked.be.