Gucel Hair: what changed
Gucel Hair
Largest movements
- Cash +€7,413
up €7,413 (+140%), from €5,293 to €12,706
mainly Net result for the year (+€9,981) and Depreciation (+€2,030)
- Receivables within one year +€3,185
up €3,185 (+107%), from €2,988 to €6,173
of which Trade receivables: +€3,960
- Tangible fixed assets -€1,699
down €1,699 (-21.3%), from €7,962 to €6,263
of which Land and buildings: -€2,000
- Stocks and contracts -€948
no longer reported in 2025 (was €948)
- Profit (loss) carried forward +€9,016
up €9,016, from -€9,016 to €0
- Other debts -€2,656
down €2,656 (-47.9%), from €5,541 to €2,885
- Tax, wage and social debts +€1,561
up €1,561 (+14.7%), from €10,625 to €12,187
of which Taxes: +€3,750
- Reserves +€966
new in 2025: €966
- Trade debts -€842
down €842 (-19.4%), from €4,352 to €3,510
- Staff costs -€12,807
down €12,807 (-39.0%), from €32,821 to €20,014
- Gross operating margin -€6,680
down €6,680 (-15.0%), from €44,601 to €37,921
- Taxes +€2,472
up €2,472 (+1,832%), from €135 to €2,607
- Other operating charges -€1,133
down €1,133 (-41.0%), from €2,762 to €1,629
- Financial charges -€921
down €921 (-35.7%), from €2,582 to €1,660
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,303 | €25,347 | +€8,044 | +46.5% |
| Fixed assets | 21/28 | €7,962 | €6,263 | -€1,699 | -21.3% |
| Tangible fixed assets | 22/27 | €7,962 | €6,263 | -€1,699 | -21.3% |
| Land and buildings | 22 | €7,962 | €5,962 | -€2,000 | -25.1% |
| Plant, machinery and equipment | 23 | - | €301 | +€301 | |
| Current assets | 29/58 | €9,341 | €19,084 | +€9,743 | +104% |
| Stocks and contracts in progress | 3 | €948 | - | -€948 | |
| Stocks | 30/36 | €948 | - | -€948 | |
| Amounts receivable within one year | 40/41 | €2,988 | €6,173 | +€3,185 | +107% |
| Trade receivables | 40 | €1,740 | €5,700 | +€3,960 | +228% |
| Other amounts receivable | 41 | €1,248 | €473 | -€775 | -62.1% |
| Cash at bank and in hand | 54/58 | €5,293 | €12,706 | +€7,413 | +140% |
| Deferred charges and accrued income | 490/1 | €112 | €205 | +€93 | +83.4% |
| Total equity and liabilities | 10/49 | €17,303 | €25,347 | +€8,044 | +46.5% |
| Equity | 10/15 | -€3,216 | €6,766 | +€9,981 | |
| Contributions | 10/11 | €5,800 | €5,800 | = | 0.0% |
| Reserves | 13 | - | €966 | +€966 | |
| Distributable reserves | 133 | - | €966 | +€966 | |
| Profit (loss) carried forward | 14 | -€9,016 | €0 | +€9,016 | |
| Amounts payable | 17/49 | €20,519 | €18,581 | -€1,937 | -9.4% |
| Amounts payable within one year | 42/48 | €20,519 | €18,581 | -€1,937 | -9.4% |
| Trade debts | 44 | €4,352 | €3,510 | -€842 | -19.4% |
| Suppliers | 440/4 | €4,352 | €3,510 | -€842 | -19.4% |
| Taxes, remuneration and social security | 45 | €10,625 | €12,187 | +€1,561 | +14.7% |
| Taxes | 450/3 | €5,293 | €9,043 | +€3,750 | +70.8% |
| Remuneration and social security | 454/9 | €5,332 | €3,143 | -€2,189 | -41.1% |
| Other amounts payable | 47/48 | €5,541 | €2,885 | -€2,656 | -47.9% |
| Remuneration, social security and pensions | 62 | €32,821 | €20,014 | -€12,807 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,030 | +€30 | +1.5% |
| Other operating charges | 640/8 | €2,762 | €1,629 | -€1,133 | -41.0% |
| Gross operating margin | 9900 | €44,601 | €37,921 | -€6,680 | -15.0% |
| Operating profit (loss) | 9901 | €7,017 | €14,249 | +€7,232 | +103% |
| Financial charges | 65/66B | €2,582 | €1,660 | -€921 | -35.7% |
| Recurring financial charges | 65 | €2,582 | €1,660 | -€921 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €4,435 | €12,588 | +€8,153 | +184% |
| Income taxes | 67/77 | €135 | €2,607 | +€2,472 | +1,832% |
| Profit (loss) for the period | 9904 | €4,300 | €9,981 | +€5,681 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €4,300 | €9,981 | +€5,681 | +132% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.