Guco: 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.
Guco
Largest movements
- Receivables within one year -€26,376
down €26,376 (-52.4%), from €50,350 to €23,974
of which Other amounts receivable: -€19,947
- Cash +€24,485
up €24,485 (+251.3%), from €9,742 to €34,227
mainly Other debts (+€46,855) and Receivables within one year (+€26,376)
- Tangible fixed assets +€23,560
up €23,560 (+2533.3%), from €930 to €24,490
- Financial fixed assets +€20,000
up €20,000 (+80.0%), from €25,000 to €45,000
- Deferred charges and accrued income -€1,690
down €1,690 (-63.3%), from €2,671 to €981
- Other debts +€46,855
up €46,855 (+808.0%), from €5,799 to €52,654
- Profit (loss) carried forward -€8,506
down €8,506 (-50.0%), from -€16,997 to -€25,503
- Depreciation +€5,441
up €5,441 (+1098.1%), from €496 to €5,937
- Gross operating margin +€5,321
up €5,321 (+75.7%), from -€7,032 to -€1,711
- Financial charges -€607
down €607 (-60.4%), from €1,005 to €398
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 | €88,693 | €128,672 | +€39,979 | +45.1% |
| Fixed assets | 21/28 | €25,930 | €69,490 | +€43,560 | +168.0% |
| Tangible fixed assets | 22/27 | €930 | €24,490 | +€23,560 | +2533.3% |
| Furniture and vehicles | 24 | €930 | €24,490 | +€23,560 | +2533.3% |
| Financial fixed assets | 28 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Current assets | 29/58 | €62,763 | €59,182 | -€3,581 | -5.7% |
| Amounts receivable within one year | 40/41 | €50,350 | €23,974 | -€26,376 | -52.4% |
| Trade receivables | 40 | €16,350 | €9,921 | -€6,429 | -39.3% |
| Other amounts receivable | 41 | €34,000 | €14,053 | -€19,947 | -58.7% |
| Cash at bank and in hand | 54/58 | €9,742 | €34,227 | +€24,485 | +251.3% |
| Deferred charges and accrued income | 490/1 | €2,671 | €981 | -€1,690 | -63.3% |
| Total equity and liabilities | 10/49 | €88,693 | €128,672 | +€39,979 | +45.1% |
| Equity | 10/15 | €81,821 | €73,316 | -€8,506 | -10.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €96,318 | €96,318 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,268 | €5,268 | = | 0.0% |
| Distributable reserves | 133 | €91,050 | €91,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,997 | -€25,503 | -€8,506 | -50.0% |
| Amounts payable | 17/49 | €6,872 | €55,356 | +€48,485 | +705.6% |
| Amounts payable within one year | 42/48 | €6,872 | €55,356 | +€48,485 | +705.6% |
| Trade debts | 44 | €10 | €669 | +€659 | +6594.2% |
| Suppliers | 440/4 | €10 | €669 | +€659 | +6594.2% |
| Taxes, remuneration and social security | 45 | €1,062 | €2,033 | +€970 | +91.3% |
| Taxes | 450/3 | €1,062 | €2,033 | +€970 | +91.3% |
| Other amounts payable | 47/48 | €5,799 | €52,654 | +€46,855 | +808.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €5,937 | +€5,441 | +1098.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€7,032 | -€1,711 | +€5,321 | +75.7% |
| Operating profit (loss) | 9901 | -€7,912 | -€8,035 | -€123 | -1.6% |
| Financial income | 75/76B | €0 | €53 | +€53 | +529100.0% |
| Recurring financial income | 75 | €0 | €53 | +€53 | +529100.0% |
| Financial charges | 65/66B | €1,005 | €398 | -€607 | -60.4% |
| Recurring financial charges | 65 | €1,005 | €398 | -€607 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,918 | -€8,381 | +€537 | +6.0% |
| Income taxes | 67/77 | €107 | €125 | +€19 | +17.5% |
| Profit (loss) for the period | 9904 | -€9,024 | -€8,506 | +€518 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,024 | -€8,506 | +€518 | +5.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.