GUARNE: 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.
GUARNE
Largest movements
- Financial fixed assets +€3.5m
new in 2025: €3.5m
- Cash +€139,938
up €139,938 (+37.8%), from €370,052 to €509,991
mainly Other debts (+€3.5m) and Net result for the year (+€210,969)
- Receivables within one year +€104,184
up €104,184 (+14,942%), from €697 to €104,881
- Other debts +€3.5m
up €3.5m (+1,394,742%), from €251 to €3.5m
- Reserves +€210,969
up €210,969 (+58.9%), from €358,099 to €569,067
of which Distributable reserves: +€210,969
- Financial income +€210,528
up €210,528 (+1,625%), from €12,958 to €223,486
- Gross operating margin -€9,688
down €9,688 (-468%), from -€2,069 to -€11,757
- Taxes -€3,182
down €3,182 (-99.7%), from €3,190 to €9
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 | €370,750 | €4,083,325 | +€3.7m | +1,001% |
| Fixed assets | 21/28 | - | €3,467,146 | +€3.5m | |
| Financial fixed assets | 28 | - | €3,467,146 | +€3.5m | |
| Current assets | 29/58 | €370,750 | €616,179 | +€245,430 | +66.2% |
| Amounts receivable within one year | 40/41 | €697 | €104,881 | +€104,184 | +14,942% |
| Other amounts receivable | 41 | €697 | €104,881 | +€104,184 | +14,942% |
| Cash at bank and in hand | 54/58 | €370,052 | €509,991 | +€139,938 | +37.8% |
| Deferred charges and accrued income | 490/1 | - | €1,308 | +€1,308 | |
| Total equity and liabilities | 10/49 | €370,750 | €4,083,325 | +€3.7m | +1,001% |
| Equity | 10/15 | €370,499 | €581,467 | +€210,969 | +56.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €358,099 | €569,067 | +€210,969 | +58.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €356,239 | €567,207 | +€210,969 | +59.2% |
| Amounts payable | 17/49 | €251 | €3,501,858 | +€3.5m | +1,395,118% |
| Amounts payable within one year | 42/48 | €251 | €3,501,858 | +€3.5m | +1,395,118% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | - | €786 | +€786 | |
| Suppliers | 440/4 | - | €786 | +€786 | |
| Taxes, remuneration and social security | 45 | - | €136 | +€136 | |
| Taxes | 450/3 | - | €136 | +€136 | |
| Other amounts payable | 47/48 | €251 | €3,500,915 | +€3.5m | +1,394,742% |
| Other operating charges | 640/8 | €751 | €652 | -€99 | -13.2% |
| Gross operating margin | 9900 | -€2,069 | -€11,757 | -€9,688 | -468% |
| Operating profit (loss) | 9901 | -€2,820 | -€12,409 | -€9,588 | -340% |
| Financial income | 75/76B | €12,958 | €223,486 | +€210,528 | +1,625% |
| Recurring financial income | 75 | €12,958 | €223,486 | +€210,528 | +1,625% |
| Financial charges | 65/66B | €111 | €100 | -€12 | -10.5% |
| Recurring financial charges | 65 | €111 | €100 | -€12 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €10,026 | €210,977 | +€200,951 | +2,004% |
| Income taxes | 67/77 | €3,190 | €9 | -€3,182 | -99.7% |
| Profit (loss) for the period | 9904 | €6,836 | €210,969 | +€204,133 | +2,986% |
| Profit (loss) for the period to be appropriated | 9905 | €6,836 | €210,969 | +€204,133 | +2,986% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.