Guias: 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.
Guias
Largest movements
- Receivables within one year -€45,403
down €45,403 (-50.9%), from €89,209 to €43,807
of which Trade receivables: -€24,049
- Current investments -€27,853
down €27,853 (-42.7%), from €65,300 to €37,447
- Deferred charges and accrued income +€24,884
up €24,884 (+101%), from €24,755 to €49,638
- Cash +€9,237
up €9,237 (+47.4%), from €19,498 to €28,735
mainly Net result for the year (+€99,520) and Receivables within one year (+€45,403)
- Tangible fixed assets -€8,727
down €8,727 (-14.8%), from €59,001 to €50,274
of which Land and buildings: -€5,630
- Profit (loss) carried forward -€25,480
down €25,480 (-12.2%), from €208,978 to €183,498
- Other debts -€13,000
no longer reported in 2025 (was €13,000)
- Tax, wage and social debts -€10,623
down €10,623 (-54.9%), from €19,350 to €8,727
- Gross operating margin -€21,788
down €21,788 (-14.3%), from €152,894 to €131,106
- Financial income +€17,664
up €17,664 (+5,579%), from €317 to €17,980
- Taxes -€7,336
down €7,336 (-18.8%), from €38,930 to €31,595
- Other operating charges +€3,272
up €3,272 (+845%), from €387 to €3,659
- Depreciation -€2,865
down €2,865 (-23.2%), from €12,370 to €9,505
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 | €257,763 | €209,901 | -€47,863 | -18.6% |
| Fixed assets | 21/28 | €59,001 | €50,274 | -€8,727 | -14.8% |
| Tangible fixed assets | 22/27 | €59,001 | €50,274 | -€8,727 | -14.8% |
| Land and buildings | 22 | €36,732 | €31,102 | -€5,630 | -15.3% |
| Plant, machinery and equipment | 23 | €692 | €522 | -€170 | -24.6% |
| Furniture and vehicles | 24 | €20,042 | €17,305 | -€2,737 | -13.7% |
| Other tangible fixed assets | 26 | €1,535 | €1,345 | -€190 | -12.4% |
| Current assets | 29/58 | €198,762 | €159,627 | -€39,135 | -19.7% |
| Amounts receivable within one year | 40/41 | €89,209 | €43,807 | -€45,403 | -50.9% |
| Trade receivables | 40 | €50,725 | €26,676 | -€24,049 | -47.4% |
| Other amounts receivable | 41 | €38,484 | €17,130 | -€21,354 | -55.5% |
| Current investments | 50/53 | €65,300 | €37,447 | -€27,853 | -42.7% |
| Cash at bank and in hand | 54/58 | €19,498 | €28,735 | +€9,237 | +47.4% |
| Deferred charges and accrued income | 490/1 | €24,755 | €49,638 | +€24,884 | +101% |
| Total equity and liabilities | 10/49 | €257,763 | €209,901 | -€47,863 | -18.6% |
| Equity | 10/15 | €208,978 | €183,498 | -€25,480 | -12.2% |
| Profit (loss) carried forward | 14 | €208,978 | €183,498 | -€25,480 | -12.2% |
| Amounts payable | 17/49 | €48,785 | €26,403 | -€22,382 | -45.9% |
| Amounts payable within one year | 42/48 | €48,785 | €26,320 | -€22,466 | -46.1% |
| Trade debts | 44 | €16,436 | €17,592 | +€1,157 | +7.0% |
| Suppliers | 440/4 | €16,436 | €17,592 | +€1,157 | +7.0% |
| Taxes, remuneration and social security | 45 | €19,350 | €8,727 | -€10,623 | -54.9% |
| Taxes | 450/3 | €19,350 | €8,727 | -€10,623 | -54.9% |
| Other amounts payable | 47/48 | €13,000 | - | -€13,000 | |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Non-recurring operating income | 76A | - | €1,727 | +€1,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,370 | €9,505 | -€2,865 | -23.2% |
| Other operating charges | 640/8 | €387 | €3,659 | +€3,272 | +845% |
| Non-recurring operating charges | 66A | €407 | €413 | +€6 | +1.5% |
| Gross operating margin | 9900 | €152,894 | €131,106 | -€21,788 | -14.3% |
| Operating profit (loss) | 9901 | €139,730 | €117,529 | -€22,201 | -15.9% |
| Financial income | 75/76B | €317 | €17,980 | +€17,664 | +5,579% |
| Recurring financial income | 75 | €317 | €17,980 | +€17,664 | +5,579% |
| Financial charges | 65/66B | €3,955 | €4,395 | +€439 | +11.1% |
| Recurring financial charges | 65 | €3,955 | €4,395 | +€439 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €136,091 | €131,114 | -€4,977 | -3.7% |
| Income taxes | 67/77 | €38,930 | €31,595 | -€7,336 | -18.8% |
| Profit (loss) for the period | 9904 | €97,161 | €99,520 | +€2,359 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,161 | €99,520 | +€2,359 | +2.4% |
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.