GUEDOURA: 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.
GUEDOURA
Largest movements
- Cash -€24,093
no longer reported in 2025 (was €24,093)
mainly Short-term financial debts (-€45,775) and Receivables within one year (-€21,797)
- Receivables within one year +€21,797
up €21,797 (+16.5%), from €132,038 to €153,834
of which Other amounts receivable: +€35,127
- Tangible fixed assets -€5,296
down €5,296 (-48.2%), from €10,979 to €5,683
of which Furniture and vehicles: -€2,851
- Short-term financial debts -€45,775
down €45,775 (-73.0%), from €62,736 to €16,961
- Advances received +€40,139
new in 2025: €40,139
- Tax, wage and social debts -€9,292
down €9,292 (-84.9%), from €10,944 to €1,652
- Profit (loss) carried forward +€6,869
up €6,869 (+6.0%), from €114,711 to €121,579
- Gross operating margin -€50,049
down €50,049 (-76.8%), from €65,177 to €15,128
- Taxes -€8,662
down €8,662 (-66.4%), from €13,040 to €4,378
- Financial income +€6,479
up €6,479 (+32,395,800%), from €0 to €6,479
- Other operating charges +€747
up €747 (+67.4%), from €1,109 to €1,856
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 | €216,368 | €208,893 | -€7,476 | -3.5% |
| Fixed assets | 21/28 | €10,979 | €5,683 | -€5,296 | -48.2% |
| Tangible fixed assets | 22/27 | €10,979 | €5,683 | -€5,296 | -48.2% |
| Plant, machinery and equipment | 23 | €6,081 | €3,636 | -€2,445 | -40.2% |
| Furniture and vehicles | 24 | €4,897 | €2,046 | -€2,851 | -58.2% |
| Current assets | 29/58 | €205,390 | €203,210 | -€2,179 | -1.1% |
| Amounts receivable after more than one year | 29 | €49,235 | €49,235 | = | 0.0% |
| Other amounts receivable | 291 | €49,235 | €49,235 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,038 | €153,834 | +€21,797 | +16.5% |
| Trade receivables | 40 | €45,725 | €32,394 | -€13,330 | -29.2% |
| Other amounts receivable | 41 | €86,313 | €121,440 | +€35,127 | +40.7% |
| Cash at bank and in hand | 54/58 | €24,093 | - | -€24,093 | |
| Deferred charges and accrued income | 490/1 | €24 | €141 | +€117 | +496% |
| Total equity and liabilities | 10/49 | €216,368 | €208,893 | -€7,476 | -3.5% |
| Equity | 10/15 | €133,311 | €140,179 | +€6,869 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,711 | €121,579 | +€6,869 | +6.0% |
| Amounts payable | 17/49 | €83,058 | €68,714 | -€14,344 | -17.3% |
| Amounts payable after more than one year | 17 | €1,818 | €465 | -€1,354 | -74.5% |
| Financial debts | 170/4 | €1,818 | €465 | -€1,354 | -74.5% |
| Amounts payable within one year | 42/48 | €81,239 | €68,249 | -€12,990 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €1,296 | €1,574 | +€278 | +21.4% |
| Financial debts | 43 | €62,736 | €16,961 | -€45,775 | -73.0% |
| Credit institutions | 430/8 | €62,736 | €16,961 | -€45,775 | -73.0% |
| Trade debts | 44 | €6,263 | €7,923 | +€1,660 | +26.5% |
| Suppliers | 440/4 | €6,263 | €7,923 | +€1,660 | +26.5% |
| Advances received on contracts in progress | 46 | - | €40,139 | +€40,139 | |
| Taxes, remuneration and social security | 45 | €10,944 | €1,652 | -€9,292 | -84.9% |
| Taxes | 450/3 | €10,944 | €1,652 | -€9,292 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,907 | €5,296 | +€389 | +7.9% |
| Other operating charges | 640/8 | €1,109 | €1,856 | +€747 | +67.4% |
| Gross operating margin | 9900 | €65,177 | €15,128 | -€50,049 | -76.8% |
| Operating profit (loss) | 9901 | €59,161 | €7,976 | -€51,185 | -86.5% |
| Financial income | 75/76B | €0 | €6,479 | +€6,479 | +32,395,800% |
| Recurring financial income | 75 | €0 | €6,479 | +€6,479 | +32,395,800% |
| Financial charges | 65/66B | €2,826 | €3,209 | +€383 | +13.5% |
| Recurring financial charges | 65 | €2,826 | €3,209 | +€383 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €56,335 | €11,246 | -€45,089 | -80.0% |
| Income taxes | 67/77 | €13,040 | €4,378 | -€8,662 | -66.4% |
| Profit (loss) for the period | 9904 | €43,295 | €6,869 | -€36,426 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,295 | €6,869 | -€36,426 | -84.1% |
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 17 October 2026 via checked.be.