GUESTIMMO: 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.
GUESTIMMO
Largest movements
- Tangible fixed assets -€36,270
down €36,270 (-3.4%), from €1.1m to €1.0m
of which Land and buildings: -€23,216
- Cash -€15,739
down €15,739 (-60.1%), from €26,190 to €10,451
mainly Debts after one year (-€38,827) and Net result for the year (-€13,917)
- Debts after one year -€38,827
down €38,827 (-5.3%), from €734,920 to €696,093
of which Financial debts: -€38,827
- Profit (loss) carried forward -€13,917
down €13,917 (-87.8%), from €15,852 to €1,935
- Gross operating margin -€12,131
down €12,131 (-19.5%), from €62,182 to €50,051
- Other operating charges -€3,831
down €3,831 (-59.0%), from €6,498 to €2,666
- Staff costs +€1,627
up €1,627 (+10.7%), from €15,196 to €16,823
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 | €1,110,450 | €1,060,785 | -€49,665 | -4.5% |
| Fixed assets | 21/28 | €1,080,984 | €1,044,715 | -€36,270 | -3.4% |
| Tangible fixed assets | 22/27 | €1,080,762 | €1,044,493 | -€36,270 | -3.4% |
| Land and buildings | 22 | €1,059,946 | €1,036,729 | -€23,216 | -2.2% |
| Furniture and vehicles | 24 | €20,817 | €7,763 | -€13,054 | -62.7% |
| Financial fixed assets | 28 | €222 | €222 | = | 0.0% |
| Current assets | 29/58 | €29,466 | €16,071 | -€13,395 | -45.5% |
| Amounts receivable within one year | 40/41 | €2,434 | €4,848 | +€2,414 | +99.2% |
| Trade receivables | 40 | €341 | €959 | +€618 | +181% |
| Other amounts receivable | 41 | €2,093 | €3,888 | +€1,796 | +85.8% |
| Cash at bank and in hand | 54/58 | €26,190 | €10,451 | -€15,739 | -60.1% |
| Deferred charges and accrued income | 490/1 | €842 | €772 | -€70 | -8.3% |
| Total equity and liabilities | 10/49 | €1,110,450 | €1,060,785 | -€49,665 | -4.5% |
| Equity | 10/15 | €333,912 | €319,995 | -€13,917 | -4.2% |
| Contributions | 10/11 | €316,200 | €316,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,852 | €1,935 | -€13,917 | -87.8% |
| Amounts payable | 17/49 | €776,538 | €740,790 | -€35,748 | -4.6% |
| Amounts payable after more than one year | 17 | €734,920 | €696,093 | -€38,827 | -5.3% |
| Financial debts | 170/4 | €424,920 | €386,093 | -€38,827 | -9.1% |
| Other amounts payable | 178/9 | €310,000 | €310,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,618 | €44,698 | +€3,080 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €38,358 | €38,827 | +€469 | +1.2% |
| Trade debts | 44 | - | €1,284 | +€1,284 | |
| Suppliers | 440/4 | - | €1,284 | +€1,284 | |
| Taxes, remuneration and social security | 45 | €2,968 | €3,859 | +€891 | +30.0% |
| Taxes | 450/3 | €1,910 | €347 | -€1,563 | -81.8% |
| Remuneration and social security | 454/9 | €1,058 | €3,512 | +€2,454 | +232% |
| Other amounts payable | 47/48 | €292 | €728 | +€436 | +149% |
| Remuneration, social security and pensions | 62 | €15,196 | €16,823 | +€1,627 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,366 | €38,686 | +€319 | +0.8% |
| Other operating charges | 640/8 | €6,498 | €2,666 | -€3,831 | -59.0% |
| Gross operating margin | 9900 | €62,182 | €50,051 | -€12,131 | -19.5% |
| Operating profit (loss) | 9901 | €2,122 | -€8,124 | -€10,246 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €6,144 | €5,793 | -€351 | -5.7% |
| Recurring financial charges | 65 | €6,144 | €5,793 | -€351 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,011 | -€13,917 | -€9,906 | -247% |
| Income taxes | 67/77 | €154 | - | -€154 | |
| Profit (loss) for the period | 9904 | -€4,165 | -€13,917 | -€9,752 | -234% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,165 | -€13,917 | -€9,752 | -234% |
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 17 October 2026 via checked.be.