GUERRERO & ASSOCIATES: 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.
GUERRERO & ASSOCIATES
Largest movements
- Receivables within one year -€2,889
down €2,889 (-91.8%), from €3,148 to €259
- Cash +€2,878
up €2,878 (+16,702%), from €17 to €2,895
mainly Other debts (+€52,356) and Receivables within one year (+€2,889)
- Other debts +€52,356
up €52,356 (+45.4%), from €115,438 to €167,793
- Profit (loss) carried forward -€27,077
down €27,077 (-11.0%), from -€245,728 to -€272,805
- Current portion of long-term debt -€14,004
no longer reported in 2025 (was €14,004)
- Short-term financial debts -€12,691
no longer reported in 2025 (was €12,691)
- Trade debts +€1,405
up €1,405 (+111%), from €1,264 to €2,670
- Depreciation -€12,439
no longer reported in 2025 (was €12,439)
- Gross operating margin -€8,697
down €8,697 (-55.2%), from -€15,757 to -€24,454
- Financial charges -€720
down €720 (-21.5%), from €3,344 to €2,623
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 | €89,392 | €89,380 | -€11 | 0.0% |
| Fixed assets | 21/28 | €86,226 | €86,226 | = | 0.0% |
| Tangible fixed assets | 22/27 | €86,226 | €86,226 | = | 0.0% |
| Land and buildings | 22 | €86,226 | €86,226 | = | 0.0% |
| Current assets | 29/58 | €3,165 | €3,154 | -€11 | -0.4% |
| Amounts receivable within one year | 40/41 | €3,148 | €259 | -€2,889 | -91.8% |
| Other amounts receivable | 41 | €3,148 | €259 | -€2,889 | -91.8% |
| Cash at bank and in hand | 54/58 | €17 | €2,895 | +€2,878 | +16,702% |
| Total equity and liabilities | 10/49 | €89,392 | €89,380 | -€11 | 0.0% |
| Equity | 10/15 | -€238,888 | -€265,965 | -€27,077 | -11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €640 | €640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €640 | €640 | = | 0.0% |
| Reserves not available under the articles | 1311 | €640 | €640 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,728 | -€272,805 | -€27,077 | -11.0% |
| Amounts payable | 17/49 | €328,279 | €355,346 | +€27,066 | +8.2% |
| Amounts payable after more than one year | 17 | €184,883 | €184,883 | = | 0.0% |
| Financial debts | 170/4 | €184,883 | €184,883 | = | 0.0% |
| Amounts payable within one year | 42/48 | €143,397 | €170,463 | +€27,066 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €14,004 | - | -€14,004 | |
| Financial debts | 43 | €12,691 | - | -€12,691 | |
| Credit institutions | 430/8 | €12,691 | - | -€12,691 | |
| Trade debts | 44 | €1,264 | €2,670 | +€1,405 | +111% |
| Suppliers | 440/4 | €1,264 | €2,670 | +€1,405 | +111% |
| Other amounts payable | 47/48 | €115,438 | €167,793 | +€52,356 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,439 | - | -€12,439 | |
| Other operating charges | 640/8 | €152 | - | -€152 | |
| Gross operating margin | 9900 | -€15,757 | -€24,454 | -€8,697 | -55.2% |
| Operating profit (loss) | 9901 | -€28,347 | -€24,454 | +€3,893 | +13.7% |
| Financial charges | 65/66B | €3,344 | €2,623 | -€720 | -21.5% |
| Recurring financial charges | 65 | €3,344 | €2,623 | -€720 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,691 | -€27,077 | +€4,614 | +14.6% |
| Profit (loss) for the period | 9904 | -€31,691 | -€27,077 | +€4,614 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,691 | -€27,077 | +€4,614 | +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 30 October 2026 via checked.be.