Guerin Sylvain Software Engineering: 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.
Guerin Sylvain Software Engineering
Largest movements
- Receivables after one year -€37,061
no longer reported in 2025 (was €37,061)
- Cash +€36,272
up €36,272 (+22.0%), from €165,191 to €201,464
mainly Receivables after one year (+€37,061) and Net result for the year (+€36,864)
- Tangible fixed assets -€17,326
down €17,326 (-9.1%), from €189,608 to €172,282
of which Land and buildings: -€16,801
- Receivables within one year +€10,605
up €10,605 (+62.5%), from €16,974 to €27,579
of which Trade receivables: +€11,062
- Reserves -€21,051
down €21,051 (-5.5%), from €379,453 to €358,402
- Other debts +€9,834
up €9,834 (+91.4%), from €10,764 to €20,597
- Gross operating margin -€6,656
down €6,656 (-8.1%), from €82,525 to €75,868
- Taxes -€1,940
down €1,940 (-11.5%), from €16,902 to €14,961
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 | €409,385 | €403,647 | -€5,737 | -1.4% |
| Fixed assets | 21/28 | €189,608 | €172,282 | -€17,326 | -9.1% |
| Tangible fixed assets | 22/27 | €189,608 | €172,282 | -€17,326 | -9.1% |
| Land and buildings | 22 | €175,562 | €158,761 | -€16,801 | -9.6% |
| Plant, machinery and equipment | 23 | €728 | €417 | -€311 | -42.7% |
| Furniture and vehicles | 24 | €13,318 | €13,104 | -€214 | -1.6% |
| Current assets | 29/58 | €219,776 | €231,365 | +€11,589 | +5.3% |
| Amounts receivable after more than one year | 29 | €37,061 | - | -€37,061 | |
| Other amounts receivable | 291 | €37,061 | - | -€37,061 | |
| Amounts receivable within one year | 40/41 | €16,974 | €27,579 | +€10,605 | +62.5% |
| Trade receivables | 40 | €16,517 | €27,579 | +€11,062 | +67.0% |
| Other amounts receivable | 41 | €458 | - | -€458 | |
| Cash at bank and in hand | 54/58 | €165,191 | €201,464 | +€36,272 | +22.0% |
| Deferred charges and accrued income | 490/1 | €550 | €2,323 | +€1,773 | +322.3% |
| Total equity and liabilities | 10/49 | €409,385 | €403,647 | -€5,737 | -1.4% |
| Equity | 10/15 | €385,828 | €364,777 | -€21,051 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €379,453 | €358,402 | -€21,051 | -5.5% |
| Distributable reserves | 133 | €379,453 | €358,402 | -€21,051 | -5.5% |
| Profit (loss) carried forward | 14 | €175 | €175 | = | 0.0% |
| Amounts payable | 17/49 | €23,556 | €38,870 | +€15,314 | +65.0% |
| Amounts payable within one year | 42/48 | €23,490 | €38,803 | +€15,313 | +65.2% |
| Trade debts | 44 | €215 | €3,165 | +€2,950 | +1374.0% |
| Suppliers | 440/4 | €215 | €3,165 | +€2,950 | +1374.0% |
| Taxes, remuneration and social security | 45 | €12,512 | €15,041 | +€2,529 | +20.2% |
| Taxes | 450/3 | €12,512 | €15,041 | +€2,529 | +20.2% |
| Other amounts payable | 47/48 | €10,764 | €20,597 | +€9,834 | +91.4% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,937 | €22,490 | +€553 | +2.5% |
| Other operating charges | 640/8 | €2,143 | €2,211 | +€68 | +3.2% |
| Non-recurring operating charges | 66A | €361 | - | -€361 | |
| Gross operating margin | 9900 | €82,525 | €75,868 | -€6,656 | -8.1% |
| Operating profit (loss) | 9901 | €58,085 | €51,168 | -€6,917 | -11.9% |
| Financial income | 75/76B | €1,197 | €847 | -€350 | -29.3% |
| Recurring financial income | 75 | €1,197 | €847 | -€350 | -29.3% |
| Financial charges | 65/66B | €142 | €189 | +€47 | +33.3% |
| Recurring financial charges | 65 | €142 | €189 | +€47 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €59,140 | €51,825 | -€7,315 | -12.4% |
| Income taxes | 67/77 | €16,902 | €14,961 | -€1,940 | -11.5% |
| Profit (loss) for the period | 9904 | €42,238 | €36,864 | -€5,374 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,238 | €36,864 | -€5,374 | -12.7% |
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 12 October 2026 via checked.be.