GUCARO: 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.
GUCARO
Largest movements
- Tangible fixed assets -€14,436
down €14,436 (-3.5%), from €407,780 to €393,344
of which Land and buildings: -€14,436
- Debts after one year -€25,457
down €25,457 (-2.5%), from €1.0m to €1.0m
- Profit (loss) carried forward +€14,142
up €14,142 (+21.5%), from -€65,719 to -€51,577
- Depreciation -€1,983
down €1,983 (-12.1%), from €16,420 to €14,436
- Financial charges -€1,601
down €1,601 (-7.4%), from €21,671 to €20,070
- Gross operating margin +€660
up €660 (+1.3%), from €51,242 to €51,902
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 | €1,046,280 | €1,036,751 | -€9,529 | -0.9% |
| Fixed assets | 21/28 | €1,045,279 | €1,030,843 | -€14,436 | -1.4% |
| Tangible fixed assets | 22/27 | €407,780 | €393,344 | -€14,436 | -3.5% |
| Land and buildings | 22 | €407,780 | €393,344 | -€14,436 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €637,499 | €637,499 | = | 0.0% |
| Current assets | 29/58 | €1,001 | €5,908 | +€4,908 | +490.5% |
| Amounts receivable within one year | 40/41 | €53 | €4,704 | +€4,651 | +8735.9% |
| Trade receivables | 40 | €0 | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €53 | €204 | +€151 | +283.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €947 | €1,204 | +€257 | +27.1% |
| Total equity and liabilities | 10/49 | €1,046,280 | €1,036,751 | -€9,529 | -0.9% |
| Equity | 10/15 | -€47,119 | -€32,977 | +€14,142 | +30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,719 | -€51,577 | +€14,142 | +21.5% |
| Amounts payable | 17/49 | €1,093,399 | €1,069,728 | -€23,671 | -2.2% |
| Amounts payable after more than one year | 17 | €1,035,312 | €1,009,855 | -€25,457 | -2.5% |
| Financial debts | 170/4 | €1,035,312 | €1,009,855 | -€25,457 | -2.5% |
| Amounts payable within one year | 42/48 | €58,087 | €59,640 | +€1,553 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €50,810 | €52,687 | +€1,876 | +3.7% |
| Financial debts | 43 | €2,576 | €435 | -€2,142 | -83.1% |
| Credit institutions | 430/8 | €2,576 | €435 | -€2,142 | -83.1% |
| Trade debts | 44 | €1,786 | €3,199 | +€1,413 | +79.1% |
| Suppliers | 440/4 | €1,786 | €3,199 | +€1,413 | +79.1% |
| Other amounts payable | 47/48 | €2,915 | €3,320 | +€405 | +13.9% |
| Accrued charges and deferred income | 492/3 | €0 | €233 | +€233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,420 | €14,436 | -€1,983 | -12.1% |
| Other operating charges | 640/8 | €3,129 | €3,261 | +€132 | +4.2% |
| Gross operating margin | 9900 | €51,242 | €51,902 | +€660 | +1.3% |
| Operating profit (loss) | 9901 | €31,694 | €34,205 | +€2,511 | +7.9% |
| Financial income | 75/76B | €21 | €7 | -€14 | -67.3% |
| Recurring financial income | 75 | €21 | €7 | -€14 | -67.3% |
| Financial charges | 65/66B | €21,671 | €20,070 | -€1,601 | -7.4% |
| Recurring financial charges | 65 | €21,671 | €20,070 | -€1,601 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €10,044 | €14,142 | +€4,098 | +40.8% |
| Profit (loss) for the period | 9904 | €10,044 | €14,142 | +€4,098 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,044 | €14,142 | +€4,098 | +40.8% |
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 8 October 2026 via checked.be.