GUCON: 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.
GUCON
Largest movements
- Cash -€43,622
down €43,622 (-46.9%), from €92,994 to €49,372
mainly Contributions, distributions and other (-€88,235) and Receivables within one year (-€1,900)
- Profit (loss) carried forward -€49,259
down €49,259 (-11.9%), from €412,344 to €363,085
- Tax, wage and social debts +€5,206
up €5,206 (+29.7%), from €17,514 to €22,720
of which Remuneration and social security: +€5,704
- Gross operating margin -€8,518
down €8,518 (-13.4%), from €63,363 to €54,845
- Taxes -€2,627
down €2,627 (-16.3%), from €16,122 to €13,496
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 | €460,332 | €416,916 | -€43,416 | -9.4% |
| Fixed assets | 21/28 | €354,825 | €353,131 | -€1,694 | -0.5% |
| Tangible fixed assets | 22/27 | €6,075 | €4,381 | -€1,694 | -27.9% |
| Plant, machinery and equipment | 23 | €2,859 | €2,035 | -€824 | -28.8% |
| Furniture and vehicles | 24 | €3,216 | €2,346 | -€869 | -27.0% |
| Financial fixed assets | 28 | €348,750 | €348,750 | = | 0.0% |
| Current assets | 29/58 | €105,507 | €63,785 | -€41,722 | -39.5% |
| Amounts receivable within one year | 40/41 | €12,508 | €14,408 | +€1,900 | +15.2% |
| Trade receivables | 40 | €12,508 | €12,903 | +€395 | +3.2% |
| Other amounts receivable | 41 | - | €1,504 | +€1,504 | |
| Cash at bank and in hand | 54/58 | €92,994 | €49,372 | -€43,622 | -46.9% |
| Deferred charges and accrued income | 490/1 | €6 | €6 | = | 0.0% |
| Total equity and liabilities | 10/49 | €460,332 | €416,916 | -€43,416 | -9.4% |
| Equity | 10/15 | €439,844 | €390,585 | -€49,259 | -11.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,344 | €363,085 | -€49,259 | -11.9% |
| Amounts payable | 17/49 | €20,489 | €26,331 | +€5,843 | +28.5% |
| Amounts payable within one year | 42/48 | €20,489 | €26,331 | +€5,843 | +28.5% |
| Trade debts | 44 | €1,586 | €1,822 | +€235 | +14.8% |
| Suppliers | 440/4 | €1,586 | €1,822 | +€235 | +14.8% |
| Taxes, remuneration and social security | 45 | €17,514 | €22,720 | +€5,206 | +29.7% |
| Taxes | 450/3 | €11,993 | €11,495 | -€499 | -4.2% |
| Remuneration and social security | 454/9 | €5,521 | €11,225 | +€5,704 | +103% |
| Other amounts payable | 47/48 | €1,388 | €1,790 | +€402 | +28.9% |
| Remuneration, social security and pensions | 62 | - | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | €1,694 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €63,363 | €54,845 | -€8,518 | -13.4% |
| Operating profit (loss) | 9901 | €61,141 | €52,562 | -€8,579 | -14.0% |
| Financial charges | 65/66B | €90 | €90 | +€0 | +0.1% |
| Recurring financial charges | 65 | €90 | €90 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €61,051 | €52,472 | -€8,579 | -14.1% |
| Income taxes | 67/77 | €16,122 | €13,496 | -€2,627 | -16.3% |
| Profit (loss) for the period | 9904 | €44,929 | €38,977 | -€5,952 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,929 | €38,977 | -€5,952 | -13.2% |
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 23 October 2026 via checked.be.