gucha: 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.
gucha
Largest movements
- Cash +€23,694
up €23,694 (+152%), from €15,538 to €39,232
mainly Net result for the year (+€37,167) and Other debts (+€11,100)
- Receivables within one year -€4,704
down €4,704 (-9.0%), from €52,067 to €47,363
of which Other amounts receivable: -€4,704
- Tangible fixed assets +€3,449
up €3,449 (+4.6%), from €74,198 to €77,647
of which Land and buildings: +€3,721
- Deferred charges and accrued income +€2,767
up €2,767 (+160%), from €1,735 to €4,502
- Reserves +€25,900
up €25,900 (+36.5%), from €70,960 to €96,860
- Other debts +€11,100
new in 2025: €11,100
- Debts after one year -€7,511
down €7,511 (-10.1%), from €74,275 to €66,764
- Trade debts -€3,015
down €3,015 (-47.0%), from €6,415 to €3,400
- Gross operating margin +€10,776
up €10,776 (+20.0%), from €53,922 to €64,698
- Taxes +€5,553
up €5,553 (+42.4%), from €13,106 to €18,659
- Financial charges +€1,299
up €1,299 (+38.3%), from €3,390 to €4,689
- Depreciation +€1,237
up €1,237 (+48.2%), from €2,563 to €3,800
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 | €226,304 | €251,511 | +€25,207 | +11.1% |
| Fixed assets | 21/28 | €74,198 | €77,647 | +€3,449 | +4.6% |
| Tangible fixed assets | 22/27 | €74,198 | €77,647 | +€3,449 | +4.6% |
| Land and buildings | 22 | €69,544 | €73,264 | +€3,721 | +5.4% |
| Furniture and vehicles | 24 | €4,654 | €4,383 | -€272 | -5.8% |
| Current assets | 29/58 | €152,106 | €173,864 | +€21,758 | +14.3% |
| Amounts receivable after more than one year | 29 | €82,767 | €82,767 | = | 0.0% |
| Other amounts receivable | 291 | €82,767 | €82,767 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,067 | €47,363 | -€4,704 | -9.0% |
| Trade receivables | 40 | €19,353 | €19,353 | = | 0.0% |
| Other amounts receivable | 41 | €32,713 | €28,009 | -€4,704 | -14.4% |
| Cash at bank and in hand | 54/58 | €15,538 | €39,232 | +€23,694 | +152% |
| Deferred charges and accrued income | 490/1 | €1,735 | €4,502 | +€2,767 | +160% |
| Total equity and liabilities | 10/49 | €226,304 | €251,511 | +€25,207 | +11.1% |
| Equity | 10/15 | €127,496 | €153,563 | +€26,067 | +20.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €70,960 | €96,860 | +€25,900 | +36.5% |
| Distributable reserves | 133 | €70,960 | €96,860 | +€25,900 | +36.5% |
| Profit (loss) carried forward | 14 | €46,536 | €46,703 | +€167 | +0.4% |
| Amounts payable | 17/49 | €98,808 | €97,948 | -€860 | -0.9% |
| Amounts payable after more than one year | 17 | €74,275 | €66,764 | -€7,511 | -10.1% |
| Financial debts | 170/4 | €74,275 | €66,764 | -€7,511 | -10.1% |
| Amounts payable within one year | 42/48 | €22,608 | €31,184 | +€8,576 | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €7,223 | €7,511 | +€289 | +4.0% |
| Trade debts | 44 | €6,415 | €3,400 | -€3,015 | -47.0% |
| Suppliers | 440/4 | €6,415 | €3,400 | -€3,015 | -47.0% |
| Taxes, remuneration and social security | 45 | €8,971 | €9,173 | +€202 | +2.3% |
| Taxes | 450/3 | €8,971 | €9,173 | +€202 | +2.3% |
| Other amounts payable | 47/48 | - | €11,100 | +€11,100 | |
| Accrued charges and deferred income | 492/3 | €1,925 | - | -€1,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,563 | €3,800 | +€1,237 | +48.2% |
| Other operating charges | 640/8 | €337 | €394 | +€57 | +16.9% |
| Gross operating margin | 9900 | €53,922 | €64,698 | +€10,776 | +20.0% |
| Operating profit (loss) | 9901 | €51,021 | €60,503 | +€9,482 | +18.6% |
| Financial income | 75/76B | €1 | €12 | +€11 | +1,101% |
| Recurring financial income | 75 | €1 | €12 | +€11 | +1,101% |
| Financial charges | 65/66B | €3,390 | €4,689 | +€1,299 | +38.3% |
| Recurring financial charges | 65 | €3,390 | €4,689 | +€1,299 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €47,632 | €55,826 | +€8,194 | +17.2% |
| Income taxes | 67/77 | €13,106 | €18,659 | +€5,553 | +42.4% |
| Profit (loss) for the period | 9904 | €34,526 | €37,167 | +€2,641 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,526 | €37,167 | +€2,641 | +7.6% |
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 18 October 2026 via checked.be.