Guidon: 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.
Guidon
Largest movements
- Cash -€21,277
down €21,277 (-58.2%), from €36,530 to €15,253
mainly Contributions, distributions and other (-€33,479) and Receivables within one year (-€11,833)
- Receivables within one year +€11,833
up €11,833 (+55.7%), from €21,250 to €33,083
of which Trade receivables: +€7,350
- Tangible fixed assets -€3,811
down €3,811 (-5.4%), from €70,142 to €66,331
of which Furniture and vehicles: -€7,045
- Debts after one year -€9,883
down €9,883 (-9.8%), from €100,896 to €91,013
- Reserves -€9,057
down €9,057 (-11.2%), from €80,825 to €71,768
- Tax, wage and social debts +€4,386
up €4,386 (+89.5%), from €4,901 to €9,287
- Trade debts +€4,236
up €4,236 (+43.5%), from €9,745 to €13,981
- Gross operating margin +€18,186
up €18,186 (+48.5%), from €37,473 to €55,658
- Taxes +€5,733
up €5,733 (+103%), from €5,584 to €11,317
- Depreciation +€1,107
up €1,107 (+7.5%), from €14,722 to €15,828
- Financial income +€860
up €860, from €0 to €860
- Other operating charges +€742
up €742 (+116%), from €640 to €1,382
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 | €213,438 | €204,222 | -€9,216 | -4.3% |
| Formation expenses | 20 | €1,122 | €0 | -€1,122 | -100% |
| Fixed assets | 21/28 | €70,142 | €66,331 | -€3,811 | -5.4% |
| Tangible fixed assets | 22/27 | €70,142 | €66,331 | -€3,811 | -5.4% |
| Plant, machinery and equipment | 23 | €8,097 | €7,253 | -€844 | -10.4% |
| Furniture and vehicles | 24 | €22,890 | €15,845 | -€7,045 | -30.8% |
| Other tangible fixed assets | 26 | €39,154 | €43,233 | +€4,079 | +10.4% |
| Current assets | 29/58 | €142,175 | €137,891 | -€4,283 | -3.0% |
| Stocks and contracts in progress | 3 | €23,419 | €25,415 | +€1,996 | +8.5% |
| Stocks | 30/36 | €23,419 | €25,415 | +€1,996 | +8.5% |
| Amounts receivable within one year | 40/41 | €21,250 | €33,083 | +€11,833 | +55.7% |
| Trade receivables | 40 | €19,169 | €26,519 | +€7,350 | +38.3% |
| Other amounts receivable | 41 | €2,081 | €6,564 | +€4,483 | +215% |
| Current investments | 50/53 | €59,893 | €61,779 | +€1,886 | +3.1% |
| Cash at bank and in hand | 54/58 | €36,530 | €15,253 | -€21,277 | -58.2% |
| Deferred charges and accrued income | 490/1 | €1,082 | €2,360 | +€1,278 | +118% |
| Total equity and liabilities | 10/49 | €213,438 | €204,222 | -€9,216 | -4.3% |
| Equity | 10/15 | €81,825 | €72,768 | -€9,057 | -11.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €80,825 | €71,768 | -€9,057 | -11.2% |
| Distributable reserves | 133 | €80,825 | €71,768 | -€9,057 | -11.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €131,613 | €131,455 | -€159 | -0.1% |
| Amounts payable after more than one year | 17 | €100,896 | €91,013 | -€9,883 | -9.8% |
| Financial debts | 170/4 | €100,896 | €91,013 | -€9,883 | -9.8% |
| Amounts payable within one year | 42/48 | €30,718 | €40,442 | +€9,724 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €9,781 | €9,885 | +€104 | +1.1% |
| Trade debts | 44 | €9,745 | €13,981 | +€4,236 | +43.5% |
| Suppliers | 440/4 | €9,745 | €13,981 | +€4,236 | +43.5% |
| Advances received on contracts in progress | 46 | - | €917 | +€917 | |
| Taxes, remuneration and social security | 45 | €4,901 | €9,287 | +€4,386 | +89.5% |
| Taxes | 450/3 | €4,901 | €9,287 | +€4,386 | +89.5% |
| Other amounts payable | 47/48 | €6,291 | €6,372 | +€81 | +1.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,722 | €15,828 | +€1,107 | +7.5% |
| Other operating charges | 640/8 | €640 | €1,382 | +€742 | +116% |
| Gross operating margin | 9900 | €37,473 | €55,658 | +€18,186 | +48.5% |
| Operating profit (loss) | 9901 | €22,111 | €38,448 | +€16,337 | +73.9% |
| Financial income | 75/76B | €0 | €860 | +€860 | |
| Recurring financial income | 75 | €0 | €860 | +€860 | |
| Financial charges | 65/66B | €3,465 | €3,570 | +€105 | +3.0% |
| Recurring financial charges | 65 | €3,465 | €3,570 | +€105 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €18,647 | €35,739 | +€17,092 | +91.7% |
| Income taxes | 67/77 | €5,584 | €11,317 | +€5,733 | +103% |
| Profit (loss) for the period | 9904 | €13,063 | €24,422 | +€11,359 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,063 | €24,422 | +€11,359 | +87.0% |
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 1 November 2026 via checked.be.