GUERRIERO: 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.
GUERRIERO
Largest movements
- Receivables within one year +€13,146
new in 2025: €13,146
- Cash -€1,636
down €1,636 (-35.4%), from €4,620 to €2,984
mainly Debts after one year (-€15,061) and Receivables within one year (-€13,146)
- Profit (loss) carried forward +€35,007
up €35,007 (+88.9%), from -€39,373 to -€4,366
- Debts after one year -€15,061
no longer reported in 2025 (was €15,061)
- Other debts -€12,022
down €12,022 (-90.5%), from €13,288 to €1,266
- Tax, wage and social debts +€5,065
up €5,065 (+146%), from €3,466 to €8,531
of which Taxes: +€5,244
- Current portion of long-term debt -€1,033
no longer reported in 2025 (was €1,033)
- Gross operating margin +€32,778
up €32,778 (+60.8%), from €53,889 to €86,667
- Depreciation -€15,737
no longer reported in 2025 (was €15,737)
- Taxes +€6,645
new in 2025: €6,645
- Staff costs -€1,116
down €1,116 (-2.5%), from €44,752 to €43,636
- Other operating charges -€1,077
down €1,077 (-51.6%), from €2,086 to €1,009
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 | €6,321 | €17,831 | +€11,510 | +182% |
| Fixed assets | 21/28 | €1,701 | €1,701 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,701 | €1,701 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,701 | €1,701 | = | 0.0% |
| Current assets | 29/58 | €4,620 | €16,130 | +€11,510 | +249% |
| Amounts receivable within one year | 40/41 | - | €13,146 | +€13,146 | |
| Trade receivables | 40 | - | €13,146 | +€13,146 | |
| Cash at bank and in hand | 54/58 | €4,620 | €2,984 | -€1,636 | -35.4% |
| Total equity and liabilities | 10/49 | €6,321 | €17,831 | +€11,510 | +182% |
| Equity | 10/15 | -€26,973 | €8,034 | +€35,007 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,373 | -€4,366 | +€35,007 | +88.9% |
| Amounts payable | 17/49 | €33,294 | €9,797 | -€23,497 | -70.6% |
| Amounts payable after more than one year | 17 | €15,061 | - | -€15,061 | |
| Financial debts | 170/4 | €15,061 | - | -€15,061 | |
| Amounts payable within one year | 42/48 | €18,233 | €9,797 | -€8,436 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €1,033 | - | -€1,033 | |
| Trade debts | 44 | €446 | - | -€446 | |
| Suppliers | 440/4 | €446 | - | -€446 | |
| Taxes, remuneration and social security | 45 | €3,466 | €8,531 | +€5,065 | +146% |
| Taxes | 450/3 | - | €5,244 | +€5,244 | |
| Remuneration and social security | 454/9 | €3,466 | €3,287 | -€179 | -5.2% |
| Other amounts payable | 47/48 | €13,288 | €1,266 | -€12,022 | -90.5% |
| Remuneration, social security and pensions | 62 | €44,752 | €43,636 | -€1,116 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,737 | - | -€15,737 | |
| Other operating charges | 640/8 | €2,086 | €1,009 | -€1,077 | -51.6% |
| Gross operating margin | 9900 | €53,889 | €86,667 | +€32,778 | +60.8% |
| Operating profit (loss) | 9901 | -€8,686 | €42,022 | +€50,708 | |
| Financial charges | 65/66B | €242 | €370 | +€128 | +52.9% |
| Recurring financial charges | 65 | €242 | €370 | +€128 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,928 | €41,652 | +€50,580 | |
| Income taxes | 67/77 | - | €6,645 | +€6,645 | |
| Profit (loss) for the period | 9904 | -€8,928 | €35,007 | +€43,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,928 | €35,007 | +€43,935 |
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 18 October 2026 via checked.be.