GUFINCO: 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.
GUFINCO
Largest movements
- Receivables after one year -€50,000
no longer reported in 2026 (was €50,000)
- Cash -€3,990
down €3,990 (-39.0%), from €10,217 to €6,227
mainly Debts after one year (-€49,450) and Net result for the year (-€5,238)
- Tangible fixed assets -€647
down €647 (-15.7%), from €4,109 to €3,462
- Debts after one year -€49,450
no longer reported in 2026 (was €49,450)
- Profit (loss) carried forward -€5,238
down €5,238 (-53.7%), from -€9,758 to -€14,995
- Financial income -€2,401
down €2,401 (-57.8%), from €4,156 to €1,755
of which Financial income: -€2,401
- Depreciation -€664
down €664 (-23.2%), from €2,859 to €2,195
- Other operating charges +€536
up €536 (+20.2%), from €2,655 to €3,191
- Gross operating margin -€103
down €103, from €95 to -€9
- Financial charges -€54
down €54 (-3.3%), from €1,653 to €1,599
of which Financial charges: -€54
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,665 | €9,960 | -€54,705 | -84.6% |
| Fixed assets | 21/28 | €4,109 | €3,462 | -€647 | -15.7% |
| Tangible fixed assets | 22/27 | €4,109 | €3,462 | -€647 | -15.7% |
| Plant, machinery and equipment | 23 | €4,109 | €3,462 | -€647 | -15.7% |
| Current assets | 29/58 | €60,556 | €6,498 | -€54,058 | -89.3% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €339 | €271 | -€69 | -20.2% |
| Trade receivables | 40 | €316 | €254 | -€62 | -19.5% |
| Other amounts receivable | 41 | €24 | €17 | -€7 | -29.7% |
| Cash at bank and in hand | 54/58 | €10,217 | €6,227 | -€3,990 | -39.0% |
| Total equity and liabilities | 10/49 | €64,665 | €9,960 | -€54,705 | -84.6% |
| Equity | 10/15 | €10,654 | €5,416 | -€5,238 | -49.2% |
| Contributions | 10/11 | €18,552 | €18,552 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,758 | -€14,995 | -€5,238 | -53.7% |
| Amounts payable | 17/49 | €54,011 | €4,544 | -€49,467 | -91.6% |
| Amounts payable after more than one year | 17 | €49,450 | - | -€49,450 | |
| Other amounts payable | 178/9 | €49,450 | - | -€49,450 | |
| Amounts payable within one year | 42/48 | €4,561 | €4,544 | -€17 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €2,450 | -€550 | -18.3% |
| Trade debts | 44 | €1,561 | €2,094 | +€533 | +34.1% |
| Suppliers | 440/4 | €1,561 | €2,094 | +€533 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,859 | €2,195 | -€664 | -23.2% |
| Other operating charges | 640/8 | €2,655 | €3,191 | +€536 | +20.2% |
| Gross operating margin | 9900 | €95 | -€9 | -€103 | |
| Operating profit (loss) | 9901 | -€5,419 | -€5,394 | +€25 | +0.5% |
| Financial income | 75/76B | €4,156 | €1,755 | -€2,401 | -57.8% |
| Recurring financial income | 75 | €4,156 | €1,755 | -€2,401 | -57.8% |
| Non-recurring financial income | 76B | €4,156 | €1,755 | -€2,401 | -57.8% |
| Financial charges | 65/66B | €1,653 | €1,599 | -€54 | -3.3% |
| Recurring financial charges | 65 | €1,653 | €1,599 | -€54 | -3.3% |
| Non-recurring financial charges | 66B | €1,653 | €1,599 | -€54 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,916 | -€5,238 | -€2,321 | -79.6% |
| Profit (loss) for the period | 9904 | -€2,916 | -€5,238 | -€2,321 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,916 | -€5,238 | -€2,321 | -79.6% |
Source: filed annual accounts (NBB), financial years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.