GudiKo: 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.
GudiKo
Largest movements
- Receivables within one year +€25,364
up €25,364 (+676.5%), from €3,749 to €29,113
of which Trade receivables: +€15,051
- Current investments -€20,046
down €20,046 (-100.0%), from €20,046 to €0
- Tangible fixed assets -€12,954
down €12,954 (-52.4%), from €24,703 to €11,749
of which Furniture and vehicles: -€11,745
- Cash -€8,506
down €8,506 (-75.9%), from €11,201 to €2,695
mainly Receivables within one year (-€25,364) and Deferred charges and accrued income (-€8,135)
- Deferred charges and accrued income +€8,135
new in 2025: €8,135
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Reserves -€10,779
down €10,779 (-59.8%), from €18,016 to €7,237
- Other debts -€6,158
down €6,158 (-33.1%), from €18,602 to €12,444
- Debts after one year -€2,516
down €2,516 (-100.0%), from €2,516 to €0
- Short-term financial debts -€853
down €853 (-33.7%), from €2,536 to €1,682
- Gross operating margin -€34,800
down €34,800 (-66.2%), from €52,601 to €17,801
- Depreciation -€13,503
down €13,503 (-77.9%), from €17,341 to €3,837
- Financial charges +€3,242
up €3,242 (+585.9%), from €553 to €3,795
- Other operating charges -€2,847
down €2,847 (-84.8%), from €3,359 to €512
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 | €59,699 | €51,691 | -€8,008 | -13.4% |
| Fixed assets | 21/28 | €24,703 | €11,749 | -€12,954 | -52.4% |
| Tangible fixed assets | 22/27 | €24,703 | €11,749 | -€12,954 | -52.4% |
| Land and buildings | 22 | €6,072 | €4,862 | -€1,209 | -19.9% |
| Furniture and vehicles | 24 | €18,632 | €6,887 | -€11,745 | -63.0% |
| Current assets | 29/58 | €34,996 | €39,942 | +€4,946 | +14.1% |
| Amounts receivable within one year | 40/41 | €3,749 | €29,113 | +€25,364 | +676.5% |
| Trade receivables | 40 | €3,566 | €18,617 | +€15,051 | +422.1% |
| Other amounts receivable | 41 | €183 | €10,496 | +€10,313 | +5635.6% |
| Current investments | 50/53 | €20,046 | €0 | -€20,046 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,201 | €2,695 | -€8,506 | -75.9% |
| Deferred charges and accrued income | 490/1 | - | €8,135 | +€8,135 | |
| Total equity and liabilities | 10/49 | €59,699 | €51,691 | -€8,008 | -13.4% |
| Equity | 10/15 | €24,216 | €25,837 | +€1,621 | +6.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €18,016 | €7,237 | -€10,779 | -59.8% |
| Distributable reserves | 133 | €18,016 | €7,237 | -€10,779 | -59.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,483 | €25,854 | -€9,629 | -27.1% |
| Amounts payable after more than one year | 17 | €2,516 | €0 | -€2,516 | -100.0% |
| Financial debts | 170/4 | €2,516 | €0 | -€2,516 | -100.0% |
| Amounts payable within one year | 42/48 | €32,967 | €25,854 | -€7,113 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €2,537 | €2,516 | -€21 | -0.8% |
| Financial debts | 43 | €2,536 | €1,682 | -€853 | -33.7% |
| Credit institutions | 430/8 | €2,536 | €1,682 | -€853 | -33.7% |
| Trade debts | 44 | €3,095 | €2,814 | -€281 | -9.1% |
| Suppliers | 440/4 | €3,095 | €2,814 | -€281 | -9.1% |
| Taxes, remuneration and social security | 45 | €6,197 | €6,398 | +€200 | +3.2% |
| Taxes | 450/3 | €6,197 | €4,391 | -€1,807 | -29.1% |
| Remuneration and social security | 454/9 | - | €2,007 | +€2,007 | |
| Other amounts payable | 47/48 | €18,602 | €12,444 | -€6,158 | -33.1% |
| Non-recurring operating income | 76A | - | €33,919 | +€33,919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,341 | €3,837 | -€13,503 | -77.9% |
| Other operating charges | 640/8 | €3,359 | €512 | -€2,847 | -84.8% |
| Non-recurring operating charges | 66A | €12,535 | €0 | -€12,535 | -100.0% |
| Gross operating margin | 9900 | €52,601 | €17,801 | -€34,800 | -66.2% |
| Operating profit (loss) | 9901 | €19,367 | €13,452 | -€5,915 | -30.5% |
| Financial income | 75/76B | €149 | €86 | -€63 | -42.5% |
| Recurring financial income | 75 | €149 | €86 | -€63 | -42.5% |
| Financial charges | 65/66B | €553 | €3,795 | +€3,242 | +585.9% |
| Recurring financial charges | 65 | €553 | €3,795 | +€3,242 | +585.9% |
| Profit (loss) for the period before taxes | 9903 | €18,963 | €9,743 | -€9,220 | -48.6% |
| Income taxes | 67/77 | €7,337 | €6,960 | -€377 | -5.1% |
| Profit (loss) for the period | 9904 | €11,626 | €2,783 | -€8,843 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,626 | €2,783 | -€8,843 | -76.1% |
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 7 October 2026 via checked.be.