GUIBAE: 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.
GUIBAE
Largest movements
- Current investments -€155,000
no longer reported in 2025 (was €155,000)
- Cash +€43,610
up €43,610 (+218.3%), from €19,974 to €63,584
mainly Current investments (+€155,000) and Net result for the year (+€129,356)
- Receivables within one year +€30,839
up €30,839 (+280.9%), from €10,979 to €41,818
- Deferred charges and accrued income +€23,482
up €23,482 (+802.7%), from €2,925 to €26,408
- Tangible fixed assets -€2,346
down €2,346 (-18.9%), from €12,396 to €10,050
of which Furniture and vehicles: -€3,101
- Reserves -€51,811
down €51,811 (-28.6%), from €181,167 to €129,356
- Tax, wage and social debts -€5,117
down €5,117 (-55.1%), from €9,289 to €4,172
of which Taxes: -€5,135
- Gross operating margin +€24,999
up €24,999 (+17.1%), from €146,317 to €171,316
- Taxes +€13,735
up €13,735 (+52.8%), from €26,007 to €39,742
- Depreciation -€6,231
down €6,231 (-59.2%), from €10,526 to €4,295
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 | €201,275 | €141,860 | -€59,415 | -29.5% |
| Fixed assets | 21/28 | €12,396 | €10,050 | -€2,346 | -18.9% |
| Tangible fixed assets | 22/27 | €12,396 | €10,050 | -€2,346 | -18.9% |
| Plant, machinery and equipment | 23 | €1,176 | €2,689 | +€1,512 | +128.5% |
| Furniture and vehicles | 24 | €5,075 | €1,974 | -€3,101 | -61.1% |
| Other tangible fixed assets | 26 | €6,144 | €5,387 | -€757 | -12.3% |
| Current assets | 29/58 | €188,879 | €131,810 | -€57,069 | -30.2% |
| Amounts receivable within one year | 40/41 | €10,979 | €41,818 | +€30,839 | +280.9% |
| Other amounts receivable | 41 | €10,979 | €41,818 | +€30,839 | +280.9% |
| Current investments | 50/53 | €155,000 | - | -€155,000 | |
| Cash at bank and in hand | 54/58 | €19,974 | €63,584 | +€43,610 | +218.3% |
| Deferred charges and accrued income | 490/1 | €2,925 | €26,408 | +€23,482 | +802.7% |
| Total equity and liabilities | 10/49 | €201,275 | €141,860 | -€59,415 | -29.5% |
| Equity | 10/15 | €186,167 | €134,356 | -€51,811 | -27.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €181,167 | €129,356 | -€51,811 | -28.6% |
| Distributable reserves | 133 | €181,167 | €129,356 | -€51,811 | -28.6% |
| Amounts payable | 17/49 | €15,108 | €7,504 | -€7,604 | -50.3% |
| Amounts payable within one year | 42/48 | €14,501 | €7,504 | -€6,997 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €1,075 | - | -€1,075 | |
| Trade debts | 44 | €4,136 | €3,332 | -€805 | -19.5% |
| Suppliers | 440/4 | €4,136 | €3,332 | -€805 | -19.5% |
| Taxes, remuneration and social security | 45 | €9,289 | €4,172 | -€5,117 | -55.1% |
| Taxes | 450/3 | €6,181 | €1,046 | -€5,135 | -83.1% |
| Remuneration and social security | 454/9 | €3,108 | €3,126 | +€18 | +0.6% |
| Accrued charges and deferred income | 492/3 | €607 | - | -€607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,526 | €4,295 | -€6,231 | -59.2% |
| Other operating charges | 640/8 | €575 | €588 | +€13 | +2.3% |
| Gross operating margin | 9900 | €146,317 | €171,316 | +€24,999 | +17.1% |
| Operating profit (loss) | 9901 | €135,216 | €166,433 | +€31,217 | +23.1% |
| Financial income | 75/76B | €1,694 | €2,953 | +€1,259 | +74.3% |
| Recurring financial income | 75 | €1,694 | €2,953 | +€1,259 | +74.3% |
| Financial charges | 65/66B | €456 | €287 | -€168 | -36.9% |
| Recurring financial charges | 65 | €456 | €287 | -€168 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €136,454 | €169,098 | +€32,644 | +23.9% |
| Income taxes | 67/77 | €26,007 | €39,742 | +€13,735 | +52.8% |
| Profit (loss) for the period | 9904 | €110,447 | €129,356 | +€18,910 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,447 | €129,356 | +€18,910 | +17.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.