GUILBAU JÉRÔME: 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.
GUILBAU JÉRÔME
Largest movements
- Cash +€86,811
up €86,811 (+161%), from €54,023 to €140,835
mainly Net result for the year (+€53,226) and Depreciation (+€45,386)
- Tangible fixed assets +€66,680
up €66,680 (+18.1%), from €368,225 to €434,905
of which Land and buildings: +€77,559
- Receivables within one year -€14,923
down €14,923 (-37.0%), from €40,379 to €25,456
of which Other amounts receivable: -€12,770
- Reserves +€53,200
up €53,200 (+26.8%), from €198,283 to €251,483
of which Distributable reserves: +€53,200
- Debts after one year +€45,362
up €45,362 (+25.8%), from €176,140 to €221,502
- Other debts +€35,762
up €35,762 (+166%), from €21,496 to €57,257
- Trade debts +€8,799
up €8,799 (+888%), from €991 to €9,789
- Gross operating margin +€21,841
up €21,841 (+9.1%), from €240,712 to €262,552
- Taxes +€10,314
up €10,314 (+69.0%), from €14,950 to €25,264
- Depreciation +€7,695
up €7,695 (+20.4%), from €37,691 to €45,386
- Staff costs -€5,945
down €5,945 (-4.4%), from €134,945 to €129,000
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 | €469,791 | €617,655 | +€147,864 | +31.5% |
| Fixed assets | 21/28 | €368,657 | €435,338 | +€66,680 | +18.1% |
| Tangible fixed assets | 22/27 | €368,225 | €434,905 | +€66,680 | +18.1% |
| Land and buildings | 22 | €230,346 | €307,905 | +€77,559 | +33.7% |
| Plant, machinery and equipment | 23 | €18,303 | €14,579 | -€3,724 | -20.3% |
| Furniture and vehicles | 24 | €46,964 | €50,432 | +€3,467 | +7.4% |
| Leasing and similar rights | 25 | €72,611 | €61,990 | -€10,622 | -14.6% |
| Financial fixed assets | 28 | €432 | €432 | = | 0.0% |
| Current assets | 29/58 | €101,134 | €182,317 | +€81,183 | +80.3% |
| Stocks and contracts in progress | 3 | €5,849 | €11,455 | +€5,606 | +95.9% |
| Stocks | 30/36 | €5,849 | €11,455 | +€5,606 | +95.9% |
| Amounts receivable within one year | 40/41 | €40,379 | €25,456 | -€14,923 | -37.0% |
| Trade receivables | 40 | €14,561 | €12,408 | -€2,153 | -14.8% |
| Other amounts receivable | 41 | €25,818 | €13,048 | -€12,770 | -49.5% |
| Cash at bank and in hand | 54/58 | €54,023 | €140,835 | +€86,811 | +161% |
| Deferred charges and accrued income | 490/1 | €882 | €4,571 | +€3,689 | +418% |
| Total equity and liabilities | 10/49 | €469,791 | €617,655 | +€147,864 | +31.5% |
| Equity | 10/15 | €223,269 | €274,693 | +€51,424 | +23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,283 | €251,483 | +€53,200 | +26.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €196,423 | €249,623 | +€53,200 | +27.1% |
| Profit (loss) carried forward | 14 | €1,797 | €1,823 | +€26 | +1.4% |
| Investment grants | 15 | €4,589 | €2,787 | -€1,802 | -39.3% |
| Amounts payable | 17/49 | €246,522 | €342,961 | +€96,440 | +39.1% |
| Amounts payable after more than one year | 17 | €176,140 | €221,502 | +€45,362 | +25.8% |
| Financial debts | 170/4 | €176,140 | €221,502 | +€45,362 | +25.8% |
| Amounts payable within one year | 42/48 | €70,382 | €121,459 | +€51,077 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €38,793 | €44,249 | +€5,456 | +14.1% |
| Trade debts | 44 | €991 | €9,789 | +€8,799 | +888% |
| Suppliers | 440/4 | €991 | €9,789 | +€8,799 | +888% |
| Taxes, remuneration and social security | 45 | €9,103 | €10,163 | +€1,061 | +11.7% |
| Taxes | 450/3 | €3,010 | €3,660 | +€649 | +21.6% |
| Remuneration and social security | 454/9 | €6,092 | €6,504 | +€411 | +6.8% |
| Other amounts payable | 47/48 | €21,496 | €57,257 | +€35,762 | +166% |
| Non-recurring operating income | 76A | - | €19,412 | +€19,412 | |
| Remuneration, social security and pensions | 62 | €134,945 | €129,000 | -€5,945 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,691 | €45,386 | +€7,695 | +20.4% |
| Other operating charges | 640/8 | €8,312 | €5,986 | -€2,327 | -28.0% |
| Non-recurring operating charges | 66A | €3,655 | €724 | -€2,931 | -80.2% |
| Gross operating margin | 9900 | €240,712 | €262,552 | +€21,841 | +9.1% |
| Operating profit (loss) | 9901 | €56,107 | €81,456 | +€25,348 | +45.2% |
| Financial income | 75/76B | €2,060 | €2,057 | -€3 | -0.1% |
| Recurring financial income | 75 | €2,060 | €2,057 | -€3 | -0.1% |
| Financial charges | 65/66B | €6,464 | €5,023 | -€1,441 | -22.3% |
| Recurring financial charges | 65 | €6,464 | €5,023 | -€1,441 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €51,703 | €78,489 | +€26,786 | +51.8% |
| Income taxes | 67/77 | €14,950 | €25,264 | +€10,314 | +69.0% |
| Profit (loss) for the period | 9904 | €36,753 | €53,226 | +€16,472 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,753 | €53,226 | +€16,472 | +44.8% |
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.