GUERNICA: 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.
GUERNICA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€160,797
up €160,797 (+38.0%), from €423,627 to €584,424
- Debts after one year -€132,001
down €132,001 (-40.8%), from €323,544 to €191,544
- Other debts -€37,057
down €37,057 (-91.8%), from €40,384 to €3,327
- Tax, wage and social debts +€17,077
up €17,077 (+3,382%), from €505 to €17,582
- Financial income +€32,995
up €32,995 (+23.8%), from €138,632 to €171,628
- Taxes +€17,077
new in 2025: €17,077
- Gross operating margin +€3,207
up €3,207 (+29.1%), from €11,022 to €14,230
- Financial charges -€1,499
down €1,499 (-18.0%), from €8,307 to €6,808
- Other operating charges +€168
up €168 (+16.7%), from €1,007 to €1,175
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 | €1,173,673 | €1,181,177 | +€7,504 | +0.6% |
| Fixed assets | 21/28 | €1,150,000 | €1,150,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,150,000 | €1,150,000 | = | 0.0% |
| Current assets | 29/58 | €23,673 | €31,177 | +€7,504 | +31.7% |
| Amounts receivable within one year | 40/41 | €150 | - | -€150 | |
| Other amounts receivable | 41 | €150 | - | -€150 | |
| Cash at bank and in hand | 54/58 | €23,523 | €31,177 | +€7,654 | +32.5% |
| Total equity and liabilities | 10/49 | €1,173,673 | €1,181,177 | +€7,504 | +0.6% |
| Equity | 10/15 | €673,627 | €834,424 | +€160,797 | +23.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €423,627 | €584,424 | +€160,797 | +38.0% |
| Distributable reserves | 133 | €423,627 | €584,424 | +€160,797 | +38.0% |
| Amounts payable | 17/49 | €500,046 | €346,753 | -€153,293 | -30.7% |
| Amounts payable after more than one year | 17 | €323,544 | €191,544 | -€132,001 | -40.8% |
| Financial debts | 170/4 | €323,544 | €191,544 | -€132,001 | -40.8% |
| Amounts payable within one year | 42/48 | €174,202 | €152,910 | -€21,292 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €130,565 | €132,001 | +€1,436 | +1.1% |
| Trade debts | 44 | €2,748 | - | -€2,748 | |
| Suppliers | 440/4 | €2,748 | - | -€2,748 | |
| Taxes, remuneration and social security | 45 | €505 | €17,582 | +€17,077 | +3,382% |
| Taxes | 450/3 | €505 | €17,582 | +€17,077 | +3,382% |
| Other amounts payable | 47/48 | €40,384 | €3,327 | -€37,057 | -91.8% |
| Accrued charges and deferred income | 492/3 | €2,300 | €2,300 | = | 0.0% |
| Other operating charges | 640/8 | €1,007 | €1,175 | +€168 | +16.7% |
| Gross operating margin | 9900 | €11,022 | €14,230 | +€3,207 | +29.1% |
| Operating profit (loss) | 9901 | €10,015 | €13,054 | +€3,039 | +30.3% |
| Financial income | 75/76B | €138,632 | €171,628 | +€32,995 | +23.8% |
| Recurring financial income | 75 | €138,632 | €171,628 | +€32,995 | +23.8% |
| Financial charges | 65/66B | €8,307 | €6,808 | -€1,499 | -18.0% |
| Recurring financial charges | 65 | €8,307 | €6,808 | -€1,499 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €140,341 | €177,874 | +€37,533 | +26.7% |
| Income taxes | 67/77 | - | €17,077 | +€17,077 | |
| Profit (loss) for the period | 9904 | €140,341 | €160,797 | +€20,457 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €140,341 | €160,797 | +€20,457 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.