GUARTIS: 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.
GUARTIS
Largest movements
- Cash +€46,203
up €46,203 (+52.3%), from €88,382 to €134,585
mainly Net result for the year (+€54,557) and Depreciation (+€571)
- Tangible fixed assets +€4,648
new in 2025: €4,648
of which Furniture and vehicles: +€3,603
- Profit (loss) carried forward +€54,557
up €54,557 (+92.2%), from €59,157 to €113,715
- Tax, wage and social debts -€3,706
down €3,706 (-14.8%), from €25,002 to €21,296
- Gross operating margin -€5,249
down €5,249 (-7.0%), from €75,208 to €69,959
- Taxes -€963
down €963 (-6.4%), from €14,976 to €14,013
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 | €89,159 | €140,011 | +€50,852 | +57.0% |
| Fixed assets | 21/28 | - | €4,648 | +€4,648 | |
| Tangible fixed assets | 22/27 | - | €4,648 | +€4,648 | |
| Plant, machinery and equipment | 23 | - | €1,045 | +€1,045 | |
| Furniture and vehicles | 24 | - | €3,603 | +€3,603 | |
| Current assets | 29/58 | €89,159 | €135,363 | +€46,203 | +51.8% |
| Amounts receivable within one year | 40/41 | €303 | €303 | = | 0.0% |
| Trade receivables | 40 | €303 | €303 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,382 | €134,585 | +€46,203 | +52.3% |
| Deferred charges and accrued income | 490/1 | €475 | €475 | = | 0.0% |
| Total equity and liabilities | 10/49 | €89,159 | €140,011 | +€50,852 | +57.0% |
| Equity | 10/15 | €64,157 | €118,715 | +€54,557 | +85.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,157 | €113,715 | +€54,557 | +92.2% |
| Amounts payable | 17/49 | €25,002 | €21,296 | -€3,706 | -14.8% |
| Amounts payable within one year | 42/48 | €25,002 | €21,296 | -€3,706 | -14.8% |
| Taxes, remuneration and social security | 45 | €25,002 | €21,296 | -€3,706 | -14.8% |
| Taxes | 450/3 | €25,002 | €21,296 | -€3,706 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €571 | +€571 | |
| Other operating charges | 640/8 | €772 | €472 | -€300 | -38.9% |
| Gross operating margin | 9900 | €75,208 | €69,959 | -€5,249 | -7.0% |
| Operating profit (loss) | 9901 | €74,437 | €68,916 | -€5,520 | -7.4% |
| Financial charges | 65/66B | €303 | €346 | +€43 | +14.3% |
| Recurring financial charges | 65 | €303 | €346 | +€43 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €74,133 | €68,570 | -€5,563 | -7.5% |
| Income taxes | 67/77 | €14,976 | €14,013 | -€963 | -6.4% |
| Profit (loss) for the period | 9904 | €59,157 | €54,557 | -€4,600 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,157 | €54,557 | -€4,600 | -7.8% |
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 17 October 2026 via checked.be.