GUIAR: 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.
GUIAR
Largest movements
- Receivables within one year -€54,274
down €54,274 (-92.6%), from €58,586 to €4,312
of which Other amounts receivable: -€31,211
- Current investments +€23,404
up €23,404 (+21.5%), from €109,004 to €132,408
- Cash +€14,508
up €14,508 (+5.3%), from €272,765 to €287,273
mainly Receivables within one year (+€54,274) and Depreciation (+€1,291)
- Profit (loss) carried forward -€9,421
down €9,421, from €696 to -€8,725
- Tax, wage and social debts -€5,027
down €5,027 (-94.3%), from €5,330 to €303
- Gross operating margin -€85,066
down €85,066, from €74,687 to -€10,379
- Taxes -€20,964
down €20,964 (-99.3%), from €21,108 to €145
- Financial income +€1,144
up €1,144 (+19.8%), from €5,770 to €6,914
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 | €444,959 | €427,454 | -€17,505 | -3.9% |
| Fixed assets | 21/28 | €3,284 | €1,993 | -€1,291 | -39.3% |
| Tangible fixed assets | 22/27 | €3,284 | €1,993 | -€1,291 | -39.3% |
| Furniture and vehicles | 24 | €3,284 | €1,993 | -€1,291 | -39.3% |
| Current assets | 29/58 | €441,676 | €425,462 | -€16,214 | -3.7% |
| Amounts receivable within one year | 40/41 | €58,586 | €4,312 | -€54,274 | -92.6% |
| Trade receivables | 40 | €23,063 | €0 | -€23,063 | -100.0% |
| Other amounts receivable | 41 | €35,523 | €4,312 | -€31,211 | -87.9% |
| Current investments | 50/53 | €109,004 | €132,408 | +€23,404 | +21.5% |
| Cash at bank and in hand | 54/58 | €272,765 | €287,273 | +€14,508 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,468 | +€148 | +11.2% |
| Total equity and liabilities | 10/49 | €444,959 | €427,454 | -€17,505 | -3.9% |
| Equity | 10/15 | €421,017 | €411,596 | -€9,421 | -2.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €410,321 | €410,321 | = | 0.0% |
| Distributable reserves | 133 | €410,321 | €410,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €696 | -€8,725 | -€9,421 | |
| Amounts payable | 17/49 | €23,942 | €15,858 | -€8,084 | -33.8% |
| Amounts payable within one year | 42/48 | €23,942 | €15,858 | -€8,084 | -33.8% |
| Trade debts | 44 | €3,951 | €985 | -€2,966 | -75.1% |
| Suppliers | 440/4 | €3,951 | €985 | -€2,966 | -75.1% |
| Taxes, remuneration and social security | 45 | €5,330 | €303 | -€5,027 | -94.3% |
| Taxes | 450/3 | €5,330 | €303 | -€5,027 | -94.3% |
| Other amounts payable | 47/48 | €14,661 | €14,570 | -€92 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,291 | €1,291 | = | 0.0% |
| Other operating charges | 640/8 | €882 | €962 | +€81 | +9.1% |
| Gross operating margin | 9900 | €74,687 | -€10,379 | -€85,066 | |
| Operating profit (loss) | 9901 | €72,515 | -€12,632 | -€85,147 | |
| Financial income | 75/76B | €5,770 | €6,914 | +€1,144 | +19.8% |
| Recurring financial income | 75 | €5,770 | €6,914 | +€1,144 | +19.8% |
| Financial charges | 65/66B | €4,219 | €3,558 | -€660 | -15.6% |
| Recurring financial charges | 65 | €4,219 | €3,558 | -€660 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €74,067 | -€9,276 | -€83,343 | |
| Income taxes | 67/77 | €21,108 | €145 | -€20,964 | -99.3% |
| Profit (loss) for the period | 9904 | €52,958 | -€9,421 | -€62,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,958 | -€9,421 | -€62,379 |
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 6 October 2026 via checked.be.