GUESSO: 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.
GUESSO
Largest movements
- Receivables within one year -€354,459
down €354,459 (-62.2%), from €570,029 to €215,570
of which Trade receivables: -€321,585
- Cash +€124,952
up €124,952 (+87.1%), from €143,413 to €268,365
mainly Receivables within one year (+€354,459) and Accrued charges and deferred income (+€25,854)
- Stocks and contracts -€8,957
down €8,957 (-20.7%), from €43,185 to €34,228
- Trade debts -€165,715
down €165,715 (-26.3%), from €628,910 to €463,195
- Profit (loss) carried forward -€119,496
down €119,496 (-259.6%), from -€46,039 to -€165,536
- Accrued charges and deferred income +€25,854
new in 2025: €25,854
- Tax, wage and social debts +€21,298
up €21,298 (+12.3%), from €173,549 to €194,847
of which Remuneration and social security: +€16,010
- Gross operating margin -€120,518
down €120,518 (-9.3%), from €1.3m to €1.2m
- Staff costs +€37,717
up €37,717 (+3.0%), from €1.2m to €1.3m
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 | €775,671 | €537,611 | -€238,060 | -30.7% |
| Fixed assets | 21/28 | €4,833 | €3,723 | -€1,110 | -23.0% |
| Tangible fixed assets | 22/27 | €4,833 | €3,723 | -€1,110 | -23.0% |
| Plant, machinery and equipment | 23 | €3,960 | €3,313 | -€647 | -16.3% |
| Furniture and vehicles | 24 | €873 | €411 | -€462 | -53.0% |
| Current assets | 29/58 | €770,838 | €533,888 | -€236,950 | -30.7% |
| Stocks and contracts in progress | 3 | €43,185 | €34,228 | -€8,957 | -20.7% |
| Stocks | 30/36 | €43,185 | €34,228 | -€8,957 | -20.7% |
| Amounts receivable within one year | 40/41 | €570,029 | €215,570 | -€354,459 | -62.2% |
| Trade receivables | 40 | €333,486 | €11,901 | -€321,585 | -96.4% |
| Other amounts receivable | 41 | €236,543 | €203,669 | -€32,873 | -13.9% |
| Cash at bank and in hand | 54/58 | €143,413 | €268,365 | +€124,952 | +87.1% |
| Deferred charges and accrued income | 490/1 | €14,212 | €15,725 | +€1,514 | +10.7% |
| Total equity and liabilities | 10/49 | €775,671 | €537,611 | -€238,060 | -30.7% |
| Equity | 10/15 | -€26,788 | -€146,285 | -€119,496 | -446.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €701 | €701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €701 | €701 | = | 0.0% |
| Reserves not available under the articles | 1311 | €701 | €701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,039 | -€165,536 | -€119,496 | -259.6% |
| Amounts payable | 17/49 | €802,459 | €683,896 | -€118,563 | -14.8% |
| Amounts payable within one year | 42/48 | €802,459 | €658,042 | -€144,417 | -18.0% |
| Trade debts | 44 | €628,910 | €463,195 | -€165,715 | -26.3% |
| Suppliers | 440/4 | €628,910 | €463,195 | -€165,715 | -26.3% |
| Taxes, remuneration and social security | 45 | €173,549 | €194,847 | +€21,298 | +12.3% |
| Taxes | 450/3 | €6,223 | €11,511 | +€5,288 | +85.0% |
| Remuneration and social security | 454/9 | €167,326 | €183,336 | +€16,010 | +9.6% |
| Accrued charges and deferred income | 492/3 | - | €25,854 | +€25,854 | |
| Remuneration, social security and pensions | 62 | €1,246,335 | €1,284,052 | +€37,717 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €1,110 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,155 | +€5,155 | |
| Other operating charges | 640/8 | €20,220 | €7,286 | -€12,934 | -64.0% |
| Gross operating margin | 9900 | €1,302,230 | €1,181,712 | -€120,518 | -9.3% |
| Operating profit (loss) | 9901 | €34,565 | -€115,891 | -€150,457 | |
| Financial income | 75/76B | €1,406 | €2,629 | +€1,223 | +87.0% |
| Recurring financial income | 75 | €1,406 | €2,629 | +€1,223 | +87.0% |
| Financial charges | 65/66B | €5,694 | €6,268 | +€573 | +10.1% |
| Recurring financial charges | 65 | €5,694 | €6,268 | +€573 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €30,277 | -€119,530 | -€149,807 | |
| Income taxes | 67/77 | - | -€34 | -€34 | |
| Profit (loss) for the period | 9904 | €30,277 | -€119,496 | -€149,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,277 | -€119,496 | -€149,773 |
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 11 October 2026 via checked.be.