GUIDO CAEL: 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.
GUIDO CAEL
Largest movements
- Cash +€65,728
up €65,728 (+1,929%), from €3,407 to €69,134
mainly Net result for the year (+€90,267) and Receivables within one year (+€6,548)
- Deferred charges and accrued income +€10,307
new in 2025: €10,307
- Receivables within one year -€6,548
down €6,548 (-5.6%), from €116,010 to €109,462
of which Trade receivables: -€7,260
- Reserves +€89,000
up €89,000 (+89.0%), from €100,000 to €189,000
- Other debts -€24,414
down €24,414 (-75.4%), from €32,359 to €7,945
- Tax, wage and social debts +€3,305
up €3,305 (+18.4%), from €17,921 to €21,225
of which Taxes: +€1,805
- Gross operating margin +€9,903
up €9,903 (+8.3%), from €119,546 to €129,450
- Other operating charges -€1,555
down €1,555 (-74.7%), from €2,083 to €528
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 | €240,417 | €307,953 | +€67,537 | +28.1% |
| Fixed assets | 21/28 | €121,000 | €119,050 | -€1,950 | -1.6% |
| Tangible fixed assets | 22/27 | €61,000 | €59,050 | -€1,950 | -3.2% |
| Land and buildings | 22 | €61,000 | €59,050 | -€1,950 | -3.2% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €119,417 | €188,903 | +€69,487 | +58.2% |
| Amounts receivable within one year | 40/41 | €116,010 | €109,462 | -€6,548 | -5.6% |
| Trade receivables | 40 | €110,890 | €103,630 | -€7,260 | -6.5% |
| Other amounts receivable | 41 | €5,120 | €5,832 | +€712 | +13.9% |
| Cash at bank and in hand | 54/58 | €3,407 | €69,134 | +€65,728 | +1,929% |
| Deferred charges and accrued income | 490/1 | - | €10,307 | +€10,307 | |
| Total equity and liabilities | 10/49 | €240,417 | €307,953 | +€67,537 | +28.1% |
| Equity | 10/15 | €186,392 | €275,826 | +€89,434 | +48.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €189,000 | +€89,000 | +89.0% |
| Distributable reserves | 133 | €100,000 | €189,000 | +€89,000 | +89.0% |
| Profit (loss) carried forward | 14 | €56,392 | €56,826 | +€434 | +0.8% |
| Amounts payable | 17/49 | €54,024 | €32,127 | -€21,897 | -40.5% |
| Amounts payable within one year | 42/48 | €52,056 | €31,182 | -€20,873 | -40.1% |
| Trade debts | 44 | €1,776 | €2,012 | +€235 | +13.3% |
| Suppliers | 440/4 | €1,776 | €2,012 | +€235 | +13.3% |
| Taxes, remuneration and social security | 45 | €17,921 | €21,225 | +€3,305 | +18.4% |
| Taxes | 450/3 | €3,373 | €5,177 | +€1,805 | +53.5% |
| Remuneration and social security | 454/9 | €14,548 | €16,048 | +€1,500 | +10.3% |
| Other amounts payable | 47/48 | €32,359 | €7,945 | -€24,414 | -75.4% |
| Accrued charges and deferred income | 492/3 | €1,969 | €945 | -€1,024 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,950 | €1,950 | = | 0.0% |
| Other operating charges | 640/8 | €2,083 | €528 | -€1,555 | -74.7% |
| Gross operating margin | 9900 | €119,546 | €129,450 | +€9,903 | +8.3% |
| Operating profit (loss) | 9901 | €115,514 | €126,972 | +€11,458 | +9.9% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €2,008 | €987 | -€1,022 | -50.9% |
| Recurring financial charges | 65 | €2,008 | €987 | -€1,022 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €113,505 | €126,002 | +€12,497 | +11.0% |
| Income taxes | 67/77 | €36,364 | €35,735 | -€629 | -1.7% |
| Profit (loss) for the period | 9904 | €77,141 | €90,267 | +€13,126 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,141 | €90,267 | +€13,126 | +17.0% |
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 24 October 2026 via checked.be.