GuestWay: 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.
GuestWay
Largest movements
- Cash +€227,747
up €227,747 (+2,205%), from €10,328 to €238,075
mainly Contributions, distributions and other (+€156,000) and Debts after one year (+€142,099)
- Intangible fixed assets +€144,286
up €144,286 (+58.0%), from €248,782 to €393,068
- Tangible fixed assets +€31,926
new in 2025: €31,926
of which Leasing and similar rights: +€27,508
- Receivables within one year +€6,887
up €6,887 (+259%), from €2,661 to €9,548
of which Other amounts receivable: +€5,080
- Contributions +€156,000
up €156,000 (+97.5%), from €160,000 to €316,000
- Debts after one year +€142,099
new in 2025: €142,099
- Other debts +€40,254
up €40,254 (+49.4%), from €81,496 to €121,750
- Current portion of long-term debt +€33,330
new in 2025: €33,330
- Trade debts +€25,445
up €25,445 (+328%), from €7,750 to €33,195
- Gross operating margin +€95,871
up €95,871 (+46.7%), from €205,098 to €300,969
- Depreciation +€51,545
new in 2025: €51,545
- Staff costs +€40,013
up €40,013 (+20.2%), from €198,491 to €238,504
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 | €262,387 | €673,804 | +€411,417 | +157% |
| Fixed assets | 21/28 | €249,057 | €426,181 | +€177,124 | +71.1% |
| Intangible fixed assets | 21 | €248,782 | €393,068 | +€144,286 | +58.0% |
| Tangible fixed assets | 22/27 | - | €31,926 | +€31,926 | |
| Furniture and vehicles | 24 | - | €4,418 | +€4,418 | |
| Leasing and similar rights | 25 | - | €27,508 | +€27,508 | |
| Financial fixed assets | 28 | €275 | €1,187 | +€912 | +332% |
| Current assets | 29/58 | €13,330 | €247,623 | +€234,293 | +1,758% |
| Amounts receivable within one year | 40/41 | €2,661 | €9,548 | +€6,887 | +259% |
| Trade receivables | 40 | €2,436 | €4,244 | +€1,808 | +74.2% |
| Other amounts receivable | 41 | €225 | €5,304 | +€5,080 | +2,260% |
| Cash at bank and in hand | 54/58 | €10,328 | €238,075 | +€227,747 | +2,205% |
| Deferred charges and accrued income | 490/1 | €341 | €0 | -€341 | -100% |
| Total equity and liabilities | 10/49 | €262,387 | €673,804 | +€411,417 | +157% |
| Equity | 10/15 | €159,987 | €317,495 | +€157,509 | +98.5% |
| Contributions | 10/11 | €160,000 | €316,000 | +€156,000 | +97.5% |
| Profit (loss) carried forward | 14 | -€13 | €1,495 | +€1,509 | |
| Amounts payable | 17/49 | €102,401 | €356,309 | +€253,908 | +248% |
| Amounts payable after more than one year | 17 | - | €142,099 | +€142,099 | |
| Financial debts | 170/4 | - | €142,099 | +€142,099 | |
| Amounts payable within one year | 42/48 | €102,401 | €214,210 | +€111,809 | +109% |
| Current portion of amounts payable after more than one year | 42 | - | €33,330 | +€33,330 | |
| Trade debts | 44 | €7,750 | €33,195 | +€25,445 | +328% |
| Suppliers | 440/4 | €7,750 | €33,195 | +€25,445 | +328% |
| Taxes, remuneration and social security | 45 | €13,155 | €25,935 | +€12,780 | +97.2% |
| Taxes | 450/3 | €3,864 | €1,573 | -€2,291 | -59.3% |
| Remuneration and social security | 454/9 | €9,291 | €24,362 | +€15,071 | +162% |
| Other amounts payable | 47/48 | €81,496 | €121,750 | +€40,254 | +49.4% |
| Remuneration, social security and pensions | 62 | €198,491 | €238,504 | +€40,013 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €51,545 | +€51,545 | |
| Other operating charges | 640/8 | €854 | €3,066 | +€2,213 | +259% |
| Gross operating margin | 9900 | €205,098 | €300,969 | +€95,871 | +46.7% |
| Operating profit (loss) | 9901 | €5,753 | €7,853 | +€2,100 | +36.5% |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €4,664 | €5,896 | +€1,232 | +26.4% |
| Recurring financial charges | 65 | €4,664 | €5,896 | +€1,232 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €1,115 | €1,957 | +€842 | +75.5% |
| Income taxes | 67/77 | €1,128 | €448 | -€680 | -60.3% |
| Profit (loss) for the period | 9904 | -€13 | €1,509 | +€1,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13 | €1,509 | +€1,522 |
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 20 October 2026 via checked.be.