GUFINO: 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.
GUFINO
Largest movements
- Cash +€84,060
up €84,060 (+47.4%), from €177,255 to €261,315
mainly Net result for the year (+€75,799) and Other debts (+€42,526)
- Tangible fixed assets -€11,489
down €11,489 (-23.3%), from €49,225 to €37,737
of which Furniture and vehicles: -€10,498
- Receivables within one year +€10,421
up €10,421 (+64.5%), from €16,144 to €26,566
- Other debts +€42,526
up €42,526 (+140%), from €30,320 to €72,846
- Reserves +€34,702
up €34,702 (+18.8%), from €185,020 to €219,722
- Gross operating margin +€5,673
up €5,673 (+5.0%), from €114,068 to €119,742
- Taxes +€1,661
up €1,661 (+6.0%), from €27,772 to €29,433
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 | €244,928 | €327,636 | +€82,708 | +33.8% |
| Fixed assets | 21/28 | €49,225 | €37,737 | -€11,489 | -23.3% |
| Tangible fixed assets | 22/27 | €49,225 | €37,737 | -€11,489 | -23.3% |
| Plant, machinery and equipment | 23 | €8,110 | €7,119 | -€991 | -12.2% |
| Furniture and vehicles | 24 | €41,115 | €30,618 | -€10,498 | -25.5% |
| Current assets | 29/58 | €195,703 | €289,899 | +€94,197 | +48.1% |
| Amounts receivable within one year | 40/41 | €16,144 | €26,566 | +€10,421 | +64.5% |
| Trade receivables | 40 | €16,144 | €26,566 | +€10,421 | +64.5% |
| Cash at bank and in hand | 54/58 | €177,255 | €261,315 | +€84,060 | +47.4% |
| Deferred charges and accrued income | 490/1 | €2,303 | €2,019 | -€285 | -12.4% |
| Total equity and liabilities | 10/49 | €244,928 | €327,636 | +€82,708 | +33.8% |
| Equity | 10/15 | €200,020 | €234,722 | +€34,702 | +17.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €185,020 | €219,722 | +€34,702 | +18.8% |
| Distributable reserves | 133 | €185,020 | €219,722 | +€34,702 | +18.8% |
| Amounts payable | 17/49 | €44,909 | €92,914 | +€48,005 | +107% |
| Amounts payable within one year | 42/48 | €44,909 | €92,914 | +€48,005 | +107% |
| Trade debts | 44 | €297 | €2,910 | +€2,613 | +880% |
| Suppliers | 440/4 | €297 | €2,910 | +€2,613 | +880% |
| Taxes, remuneration and social security | 45 | €14,292 | €17,158 | +€2,867 | +20.1% |
| Taxes | 450/3 | €14,292 | €17,158 | +€2,867 | +20.1% |
| Other amounts payable | 47/48 | €30,320 | €72,846 | +€42,526 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,489 | €11,489 | = | 0.0% |
| Other operating charges | 640/8 | €873 | €835 | -€38 | -4.4% |
| Non-recurring operating charges | 66A | €78 | - | -€78 | |
| Gross operating margin | 9900 | €114,068 | €119,742 | +€5,673 | +5.0% |
| Operating profit (loss) | 9901 | €101,629 | €107,418 | +€5,789 | +5.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,128 | €2,185 | +€57 | +2.7% |
| Recurring financial charges | 65 | €2,128 | €2,185 | +€57 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €99,501 | €105,233 | +€5,732 | +5.8% |
| Income taxes | 67/77 | €27,772 | €29,433 | +€1,661 | +6.0% |
| Profit (loss) for the period | 9904 | €71,728 | €75,799 | +€4,071 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,728 | €75,799 | +€4,071 | +5.7% |
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 30 October 2026 via checked.be.