GUBA: 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.
GUBA
Largest movements
- Receivables within one year -€8,266
down €8,266 (-16.7%), from €49,636 to €41,370
of which Trade receivables: -€9,530
- Tangible fixed assets -€7,458
down €7,458 (-10.3%), from €72,716 to €65,259
of which Land and buildings: -€7,764
- Debts after one year -€11,954
down €11,954 (-20.0%), from €59,890 to €47,936
- Reserves -€8,169
down €8,169 (-6.4%), from €128,003 to €119,834
- Gross operating margin -€9,417
down €9,417 (-32.0%), from €29,473 to €20,056
- Depreciation +€2,940
up €2,940 (+26.5%), from €11,096 to €14,037
- Taxes -€2,834
down €2,834 (-86.2%), from €3,289 to €455
- Staff costs +€326
new in 2025: €326
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 | €222,071 | €204,032 | -€18,039 | -8.1% |
| Fixed assets | 21/28 | €72,716 | €65,259 | -€7,458 | -10.3% |
| Tangible fixed assets | 22/27 | €72,716 | €65,259 | -€7,458 | -10.3% |
| Land and buildings | 22 | €50,326 | €42,562 | -€7,764 | -15.4% |
| Plant, machinery and equipment | 23 | €843 | €6,024 | +€5,181 | +615% |
| Furniture and vehicles | 24 | €21,548 | €16,673 | -€4,875 | -22.6% |
| Current assets | 29/58 | €149,355 | €138,773 | -€10,581 | -7.1% |
| Stocks and contracts in progress | 3 | €2,975 | €1,680 | -€1,295 | -43.5% |
| Stocks | 30/36 | €2,975 | €1,680 | -€1,295 | -43.5% |
| Amounts receivable within one year | 40/41 | €49,636 | €41,370 | -€8,266 | -16.7% |
| Trade receivables | 40 | €46,458 | €36,928 | -€9,530 | -20.5% |
| Other amounts receivable | 41 | €3,178 | €4,442 | +€1,264 | +39.8% |
| Cash at bank and in hand | 54/58 | €88,569 | €88,695 | +€126 | +0.1% |
| Deferred charges and accrued income | 490/1 | €8,175 | €7,029 | -€1,147 | -14.0% |
| Total equity and liabilities | 10/49 | €222,071 | €204,032 | -€18,039 | -8.1% |
| Equity | 10/15 | €140,403 | €132,234 | -€8,169 | -5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €128,003 | €119,834 | -€8,169 | -6.4% |
| Distributable reserves | 133 | €128,003 | €119,834 | -€8,169 | -6.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €81,668 | €71,798 | -€9,870 | -12.1% |
| Amounts payable after more than one year | 17 | €59,890 | €47,936 | -€11,954 | -20.0% |
| Financial debts | 170/4 | €59,890 | €47,936 | -€11,954 | -20.0% |
| Amounts payable within one year | 42/48 | €21,778 | €23,400 | +€1,622 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €11,569 | €11,954 | +€385 | +3.3% |
| Taxes, remuneration and social security | 45 | €4,252 | €4,100 | -€152 | -3.6% |
| Taxes | 450/3 | €2,252 | €2,100 | -€152 | -6.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,957 | €7,346 | +€1,389 | +23.3% |
| Accrued charges and deferred income | 492/3 | - | €462 | +€462 | |
| Remuneration, social security and pensions | 62 | - | €326 | +€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,096 | €14,037 | +€2,940 | +26.5% |
| Other operating charges | 640/8 | €1,804 | €2,053 | +€249 | +13.8% |
| Gross operating margin | 9900 | €29,473 | €20,056 | -€9,417 | -32.0% |
| Operating profit (loss) | 9901 | €16,573 | €3,641 | -€12,932 | -78.0% |
| Financial income | 75/76B | €18 | €3 | -€15 | -82.9% |
| Recurring financial income | 75 | €18 | €3 | -€15 | -82.9% |
| Financial charges | 65/66B | €2,940 | €2,653 | -€287 | -9.8% |
| Recurring financial charges | 65 | €2,940 | €2,653 | -€287 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €13,651 | €991 | -€12,660 | -92.7% |
| Income taxes | 67/77 | €3,289 | €455 | -€2,834 | -86.2% |
| Profit (loss) for the period | 9904 | €10,362 | €536 | -€9,826 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,362 | €536 | -€9,826 | -94.8% |
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 14 October 2026 via checked.be.