GUERILLART: 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.
GUERILLART
Largest movements
- Tangible fixed assets +€50,667
up €50,667 (+251%), from €20,218 to €70,885
of which Furniture and vehicles: +€51,062
- Receivables after one year -€15,400
down €15,400 (-53.1%), from €29,000 to €13,600
of which Trade receivables: -€29,000
- Cash -€4,299
down €4,299 (-20.8%), from €20,697 to €16,397
mainly Investment in fixed assets (net) (-€69,657) and Net result for the year (-€29,308)
- Debts after one year +€38,470
new in 2025: €38,470
- Profit (loss) carried forward -€29,308
down €29,308 (-91.0%), from €32,193 to €2,885
- Current portion of long-term debt +€28,253
new in 2025: €28,253
- Tax, wage and social debts -€7,413
down €7,413 (-65.9%), from €11,254 to €3,842
- Gross operating margin -€30,967
down €30,967, from €23,641 to -€7,326
- Depreciation +€6,562
up €6,562 (+52.8%), from €12,427 to €18,990
- Taxes -€3,242
down €3,242 (-92.0%), from €3,524 to €282
- Financial charges +€1,551
up €1,551 (+410%), from €378 to €1,929
- Other operating charges -€824
down €824 (-51.3%), from €1,607 to €782
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 | €86,391 | €116,735 | +€30,345 | +35.1% |
| Fixed assets | 21/28 | €20,273 | €70,940 | +€50,667 | +250% |
| Tangible fixed assets | 22/27 | €20,218 | €70,885 | +€50,667 | +251% |
| Furniture and vehicles | 24 | €19,032 | €70,094 | +€51,062 | +268% |
| Other tangible fixed assets | 26 | €1,185 | €790 | -€395 | -33.3% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €66,117 | €45,795 | -€20,322 | -30.7% |
| Amounts receivable after more than one year | 29 | €29,000 | €13,600 | -€15,400 | -53.1% |
| Trade receivables | 290 | €29,000 | - | -€29,000 | |
| Other amounts receivable | 291 | - | €13,600 | +€13,600 | |
| Amounts receivable within one year | 40/41 | €16,420 | €15,626 | -€795 | -4.8% |
| Trade receivables | 40 | €13,452 | €12,717 | -€734 | -5.5% |
| Other amounts receivable | 41 | €2,969 | €2,909 | -€60 | -2.0% |
| Cash at bank and in hand | 54/58 | €20,697 | €16,397 | -€4,299 | -20.8% |
| Deferred charges and accrued income | 490/1 | - | €172 | +€172 | |
| Total equity and liabilities | 10/49 | €86,391 | €116,735 | +€30,345 | +35.1% |
| Equity | 10/15 | €71,453 | €42,145 | -€29,308 | -41.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,193 | €2,885 | -€29,308 | -91.0% |
| Amounts payable | 17/49 | €14,937 | €74,590 | +€59,653 | +399% |
| Amounts payable after more than one year | 17 | - | €38,470 | +€38,470 | |
| Financial debts | 170/4 | - | €38,470 | +€38,470 | |
| Amounts payable within one year | 42/48 | €14,937 | €36,120 | +€21,183 | +142% |
| Current portion of amounts payable after more than one year | 42 | - | €28,253 | +€28,253 | |
| Trade debts | 44 | €3,683 | €4,025 | +€342 | +9.3% |
| Suppliers | 440/4 | €3,683 | €4,025 | +€342 | +9.3% |
| Taxes, remuneration and social security | 45 | €11,254 | €3,842 | -€7,413 | -65.9% |
| Taxes | 450/3 | €11,254 | €3,842 | -€7,413 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,427 | €18,990 | +€6,562 | +52.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1 | - | +€1 | |
| Other operating charges | 640/8 | €1,607 | €782 | -€824 | -51.3% |
| Gross operating margin | 9900 | €23,641 | -€7,326 | -€30,967 | |
| Operating profit (loss) | 9901 | €9,608 | -€27,098 | -€36,706 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €378 | €1,929 | +€1,551 | +410% |
| Recurring financial charges | 65 | €378 | €1,929 | +€1,551 | +410% |
| Profit (loss) for the period before taxes | 9903 | €9,230 | -€29,027 | -€38,257 | |
| Income taxes | 67/77 | €3,524 | €282 | -€3,242 | -92.0% |
| Profit (loss) for the period | 9904 | €5,706 | -€29,308 | -€35,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,706 | -€29,308 | -€35,014 |
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 26 October 2026 via checked.be.