GUFOS: what changed
Two fiscal 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.
GUFOS
Largest movements
- Receivables within one year -€27,378
down €27,378 (-11.1%), from €247,385 to €220,007
of which Trade receivables: -€31,872
- Tangible fixed assets +€17,112
up €17,112 (+110.5%), from €15,490 to €32,602
of which Land and buildings: +€13,538
- Other debts -€63,596
down €63,596 (-32.0%), from €198,435 to €134,840
- Reserves +€58,803
up €58,803 (+6.9%), from €855,127 to €913,930
- Tax, wage and social debts -€13,688
down €13,688 (-13.9%), from €98,607 to €84,919
- Gross operating margin -€30,490
down €30,490 (-12.7%), from €239,960 to €209,470
- Taxes -€11,150
down €11,150 (-14.8%), from €75,258 to €64,108
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 | €1,175,401 | €1,155,833 | -€19,568 | -1.7% |
| Fixed assets | 21/28 | €385,490 | €402,602 | +€17,112 | +4.4% |
| Tangible fixed assets | 22/27 | €15,490 | €32,602 | +€17,112 | +110.5% |
| Land and buildings | 22 | €8,263 | €21,801 | +€13,538 | +163.8% |
| Plant, machinery and equipment | 23 | €2,355 | €2,355 | = | 0.0% |
| Furniture and vehicles | 24 | €4,871 | €8,445 | +€3,574 | +73.4% |
| Financial fixed assets | 28 | €370,000 | €370,000 | = | 0.0% |
| Current assets | 29/58 | €789,911 | €753,231 | -€36,681 | -4.6% |
| Amounts receivable after more than one year | 29 | €326,000 | €326,000 | = | 0.0% |
| Other amounts receivable | 291 | €326,000 | €326,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €247,385 | €220,007 | -€27,378 | -11.1% |
| Trade receivables | 40 | €96,087 | €64,215 | -€31,872 | -33.2% |
| Other amounts receivable | 41 | €151,298 | €155,792 | +€4,494 | +3.0% |
| Cash at bank and in hand | 54/58 | €212,334 | €205,514 | -€6,820 | -3.2% |
| Deferred charges and accrued income | 490/1 | €4,192 | €1,710 | -€2,482 | -59.2% |
| Total equity and liabilities | 10/49 | €1,175,401 | €1,155,833 | -€19,568 | -1.7% |
| Equity | 10/15 | €873,761 | €932,564 | +€58,803 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €855,127 | €913,930 | +€58,803 | +6.9% |
| Distributable reserves | 133 | €855,127 | €913,930 | +€58,803 | +6.9% |
| Profit (loss) carried forward | 14 | €34 | €34 | = | 0.0% |
| Amounts payable | 17/49 | €301,640 | €223,269 | -€78,372 | -26.0% |
| Amounts payable within one year | 42/48 | €301,640 | €223,013 | -€78,627 | -26.1% |
| Trade debts | 44 | €4,598 | €3,255 | -€1,343 | -29.2% |
| Suppliers | 440/4 | €4,598 | €3,255 | -€1,343 | -29.2% |
| Taxes, remuneration and social security | 45 | €98,607 | €84,919 | -€13,688 | -13.9% |
| Taxes | 450/3 | €98,607 | €84,919 | -€13,688 | -13.9% |
| Other amounts payable | 47/48 | €198,435 | €134,840 | -€63,596 | -32.0% |
| Accrued charges and deferred income | 492/3 | - | €255 | +€255 | |
| Non-recurring operating income | 76A | - | €16,576 | +€16,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,553 | €4,526 | -€2,027 | -30.9% |
| Other operating charges | 640/8 | €2,249 | €1,760 | -€488 | -21.7% |
| Gross operating margin | 9900 | €239,960 | €209,470 | -€30,490 | -12.7% |
| Operating profit (loss) | 9901 | €231,159 | €203,184 | -€27,975 | -12.1% |
| Financial income | 75/76B | €12,546 | €14,695 | +€2,149 | +17.1% |
| Recurring financial income | 75 | €12,546 | €14,695 | +€2,149 | +17.1% |
| Financial charges | 65/66B | €455 | €1,273 | +€818 | +179.9% |
| Recurring financial charges | 65 | €455 | €1,273 | +€818 | +179.9% |
| Profit (loss) for the period before taxes | 9903 | €243,250 | €216,607 | -€26,643 | -11.0% |
| Income taxes | 67/77 | €75,258 | €64,108 | -€11,150 | -14.8% |
| Profit (loss) for the period | 9904 | €167,992 | €152,499 | -€15,493 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €167,992 | €152,499 | -€15,493 | -9.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.