GUEKO: 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.
GUEKO
Largest movements
- Receivables within one year +€10,687
up €10,687 (+49.9%), from €21,420 to €32,108
of which Trade receivables: +€11,982
- Cash +€4,303
up €4,303 (+4.0%), from €108,379 to €112,681
mainly Net result for the year (+€12,951) and Other debts (+€1,639)
- Profit (loss) carried forward +€12,951
up €12,951 (+12.4%), from €104,257 to €117,208
- Other debts +€1,639
up €1,639 (+26.1%), from €6,274 to €7,913
- Taxes -€2,161
down €2,161 (-41.4%), from €5,217 to €3,056
- Gross operating margin -€2,054
down €2,054 (-10.8%), from €19,085 to €17,031
- Financial charges +€670
up €670 (+200.0%), from €335 to €1,005
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 | €136,008 | €152,044 | +€16,037 | +11.8% |
| Formation expenses | 20 | €0 | €0 | = | 0.0% |
| Fixed assets | 21/28 | €576 | €1,697 | +€1,121 | +194.5% |
| Tangible fixed assets | 22/27 | €546 | €1,667 | +€1,121 | +205.2% |
| Plant, machinery and equipment | 23 | - | €1,181 | +€1,181 | |
| Furniture and vehicles | 24 | €546 | €486 | -€60 | -11.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €135,432 | €150,347 | +€14,916 | +11.0% |
| Stocks and contracts in progress | 3 | €525 | €525 | = | 0.0% |
| Stocks | 30/36 | €525 | €525 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,420 | €32,108 | +€10,687 | +49.9% |
| Trade receivables | 40 | €18,136 | €30,117 | +€11,982 | +66.1% |
| Other amounts receivable | 41 | €3,285 | €1,990 | -€1,294 | -39.4% |
| Current investments | 50/53 | €4,388 | €4,388 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,379 | €112,681 | +€4,303 | +4.0% |
| Deferred charges and accrued income | 490/1 | €720 | €646 | -€74 | -10.3% |
| Total equity and liabilities | 10/49 | €136,008 | €152,044 | +€16,037 | +11.8% |
| Equity | 10/15 | €124,708 | €137,660 | +€12,951 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,257 | €117,208 | +€12,951 | +12.4% |
| Amounts payable | 17/49 | €11,300 | €14,385 | +€3,085 | +27.3% |
| Amounts payable within one year | 42/48 | €11,300 | €14,385 | +€3,085 | +27.3% |
| Trade debts | 44 | €5,026 | €6,472 | +€1,447 | +28.8% |
| Suppliers | 440/4 | €5,026 | €6,472 | +€1,447 | +28.8% |
| Other amounts payable | 47/48 | €6,274 | €7,913 | +€1,639 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €227 | -€87 | -27.8% |
| Gross operating margin | 9900 | €19,085 | €17,031 | -€2,054 | -10.8% |
| Operating profit (loss) | 9901 | €18,771 | €16,804 | -€1,967 | -10.5% |
| Financial income | 75/76B | €322 | €208 | -€114 | -35.4% |
| Recurring financial income | 75 | €322 | €208 | -€114 | -35.4% |
| Financial charges | 65/66B | €335 | €1,005 | +€670 | +200.0% |
| Recurring financial charges | 65 | €335 | €1,005 | +€670 | +200.0% |
| Profit (loss) for the period before taxes | 9903 | €18,758 | €16,007 | -€2,751 | -14.7% |
| Income taxes | 67/77 | €5,217 | €3,056 | -€2,161 | -41.4% |
| Profit (loss) for the period | 9904 | €13,541 | €12,951 | -€589 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,541 | €12,951 | -€589 | -4.4% |
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 4 October 2026 via checked.be.