GUERLAIN BENELUX: 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.
What changed
GUERLAIN BENELUX
NACE 46.450, Wholesale of perfume and cosmetics
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€819,944
2024 · €1.0m-€225,303
Equity
-
not filed
Cash
€57
2024 · €19,568-€19,511
Balance sheet total
€14.7m
2024 · €22.1m-€7.3m
Largest movements
Assets
- Current investments -€6.6m
down €6.6m (-42.7%), from €15.4m to €8.8m
- Receivables within one year -€606,827
down €606,827 (-13.5%), from €4.5m to €3.9m
of which Other amounts receivable: -€551,820
Equity and liabilities
- Total equity and liabilities -€7.3m
down €7.3m (-33.3%), from €22.1m to €14.7m
Income statement
- Turnover -€3.5m
down €3.5m (-9.1%), from €38.7m to €35.2m
- Services and other goods -€1.7m
down €1.7m (-8.4%), from €19.9m to €18.2m
- Goods and materials -€1.5m
down €1.5m (-11.8%), from €12.5m to €11.1m
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.
Result 2024
€1.0m
Turnover
-€3.5m
Other operating income
+€337,167
Goods and materials
+€1.5m
Services and other goods
+€1.7m
Staff costs
+€52,215
Depreciation
+€31,948
Write-downs
+€74,346
Provisions
-€235,092
Other operating charges
+€33,119
Other operating items
-€153
Financial income
-€196,085
Financial charges
+€6,172
Taxes
+€28,445
Deferred taxes and other
-€1
Result 2025
€819,944
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€5.1m
Investment
+€5.9m
Financing
-€819,944
Cash 2024
€19,568
From operations (derived)
-€5.1m
Net result for the year
+€819,944
Depreciation
+€802,436
Stocks and contracts
-€22,844
Receivables within one year
+€606,827
Total equity and liabilities
-€7.3m
Investment (derived)
+€5.9m
Investment in fixed assets (net)
-€634,445
Current investments
+€6.6m
Financing
-€819,944
Contributions, distributions and other
-€819,944
Not broken down
-€1
Cash 2025
€57
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,064,724 | €14,716,004 | -€7.3m | -33.3% |
| Fixed assets | 21/28 | €2,158,448 | €1,990,458 | -€167,990 | -7.8% |
| Tangible fixed assets | 22/27 | €2,109,682 | €1,986,691 | -€122,991 | -5.8% |
| Land and buildings | 22 | €143,435 | €34,061 | -€109,374 | -76.3% |
| Plant, machinery and equipment | 23 | €1,920,857 | €1,886,948 | -€33,909 | -1.8% |
| Furniture and vehicles | 24 | €45,390 | €65,682 | +€20,292 | +44.7% |
| Financial fixed assets | 28 | €48,766 | €3,766 | -€45,000 | -92.3% |
| Other financial fixed assets | 284/8 | €48,766 | €3,766 | -€45,000 | -92.3% |
| Amounts receivable and cash guarantees | 285/8 | €48,766 | €3,766 | -€45,000 | -92.3% |
| Current assets | 29/58 | €19,906,276 | €12,725,546 | -€7.2m | -36.1% |
| Stocks and contracts in progress | 3 | €13,119 | €35,963 | +€22,844 | +174% |
| Stocks | 30/36 | €13,119 | €35,963 | +€22,844 | +174% |
| Goods purchased for resale | 34 | €13,119 | €35,963 | +€22,844 | +174% |
| Amounts receivable within one year | 40/41 | €4,480,055 | €3,873,228 | -€606,827 | -13.5% |
| Trade receivables | 40 | €3,763,664 | €3,708,657 | -€55,007 | -1.5% |
| Other amounts receivable | 41 | €716,391 | €164,571 | -€551,820 | -77.0% |
| Current investments | 50/53 | €15,393,534 | €8,816,298 | -€6.6m | -42.7% |
| Other investments | 51/53 | €15,393,534 | €8,816,298 | -€6.6m | -42.7% |
| Cash at bank and in hand | 54/58 | €19,568 | €57 | -€19,511 | -99.7% |
| Total equity and liabilities | 10/49 | €22,064,724 | €14,716,004 | -€7.3m | -33.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,169 | €2,169 | = | 0.0% |
| Reserves | 13 | €34,457 | €34,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,248 | €15,248 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €9,048 | €9,048 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,834 | €4,834 | = | 0.0% |
| Distributable reserves | 133 | €14,375 | €14,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,339 | €19,283 | -€56 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €2,427,813 | €2,382,397 | -€45,416 | -1.9% |
| Other liabilities and charges | 164/5 | €2,427,813 | €2,382,397 | -€45,416 | -1.9% |
| Amounts payable | 17/49 | €19,518,947 | €12,215,698 | -€7.3m | -37.4% |
| Amounts payable within one year | 42/48 | €19,314,151 | €12,131,179 | -€7.2m | -37.2% |
| Trade debts | 44 | €16,710,356 | €9,824,932 | -€6.9m | -41.2% |
| Suppliers | 440/4 | €16,710,356 | €9,824,932 | -€6.9m | -41.2% |
| Advances received on contracts in progress | 46 | €6,634 | €0 | -€6,634 | -100% |
| Taxes, remuneration and social security | 45 | €1,557,161 | €1,486,247 | -€70,914 | -4.6% |
| Taxes | 450/3 | €360,729 | €324,483 | -€36,246 | -10.0% |
| Remuneration and social security | 454/9 | €1,196,433 | €1,161,764 | -€34,669 | -2.9% |
| Other amounts payable | 47/48 | €1,040,000 | €820,000 | -€220,000 | -21.2% |
| Accrued charges and deferred income | 492/3 | €204,796 | €84,519 | -€120,277 | -58.7% |
| Operating income | 70/76A | €42,860,023 | €39,688,584 | -€3.2m | -7.4% |
| Turnover | 70 | €38,718,689 | €35,210,083 | -€3.5m | -9.1% |
| Other operating income | 74 | €4,141,334 | €4,478,501 | +€337,167 | +8.1% |
| Operating charges | 60/66A | €41,077,768 | €37,970,164 | -€3.1m | -7.6% |
| Goods for resale, raw materials and consumables | 60 | €12,538,461 | €11,060,123 | -€1.5m | -11.8% |
| Change in stocks: decrease (increase) | 609 | €1,406 | €21,515 | +€20,109 | +1,430% |
| Services and other goods | 61 | €19,886,523 | €18,213,639 | -€1.7m | -8.4% |
| Remuneration, social security and pensions | 62 | €7,771,586 | €7,719,371 | -€52,215 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €834,384 | €802,436 | -€31,948 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,988 | -€44,358 | -€74,346 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€123,521 | €111,571 | +€235,092 | |
| Other operating charges | 640/8 | €140,348 | €107,229 | -€33,119 | -23.6% |
| Non-recurring operating charges | 66A | - | €153 | +€153 | |
| Operating profit (loss) | 9901 | €1,782,254 | €1,718,420 | -€63,834 | -3.6% |
| Recurring financial income | 75 | €430,502 | €234,417 | -€196,085 | -45.5% |
| Income from current assets | 751 | €430,502 | €234,417 | -€196,085 | -45.5% |
| Financial charges | 65/66B | €687,537 | €681,365 | -€6,172 | -0.9% |
| Recurring financial charges | 65 | €687,537 | €681,365 | -€6,172 | -0.9% |
| Other financial charges | 652/9 | €687,537 | €681,365 | -€6,172 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €1,525,219 | €1,271,472 | -€253,747 | -16.6% |
| Income taxes | 67/77 | €479,973 | €451,528 | -€28,445 | -5.9% |
| Taxes | 670/3 | €497,485 | €457,126 | -€40,359 | -8.1% |
| Tax adjustments and reversals of tax provisions | 77 | €17,513 | €5,598 | -€11,915 | -68.0% |
| Profit (loss) for the period | 9904 | €1,045,247 | €819,944 | -€225,303 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,045,247 | €819,944 | -€225,303 | -21.6% |
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 30 October 2026 via checked.be.