GUILLARD: 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.
GUILLARD
Largest movements
- Current investments +€125,000
new in 2025: €125,000
- Receivables within one year -€98,496
down €98,496 (-79.7%), from €123,543 to €25,047
of which Other amounts receivable: -€98,496
- Other debts +€110,258
up €110,258 (+227%), from €48,576 to €158,834
- Reserves -€78,013
down €78,013 (-39.2%), from €199,010 to €120,997
- Debts after one year -€18,961
down €18,961 (-6.1%), from €311,427 to €292,466
of which Financial debts: -€18,961
- Accrued charges and deferred income +€11,962
up €11,962 (+2,927%), from €409 to €12,370
- Tax, wage and social debts +€11,064
up €11,064 (+534%), from €2,074 to €13,138
of which Taxes: +€13,138
- Gross operating margin +€87,505
up €87,505 (+146%), from €59,756 to €147,261
- Financial income -€70,066
down €70,066 (-97.9%), from €71,597 to €1,530
- Taxes +€27,906
up €27,906 (+228%), from €12,257 to €40,163
- Depreciation +€5,103
up €5,103 (+1,217%), from €419 to €5,522
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 | €599,073 | €636,339 | +€37,265 | +6.2% |
| Fixed assets | 21/28 | €423,949 | €429,386 | +€5,437 | +1.3% |
| Tangible fixed assets | 22/27 | €415,993 | €421,430 | +€5,437 | +1.3% |
| Land and buildings | 22 | €415,800 | €415,800 | = | 0.0% |
| Furniture and vehicles | 24 | €193 | €5,630 | +€5,437 | +2,824% |
| Financial fixed assets | 28 | €7,956 | €7,956 | = | 0.0% |
| Current assets | 29/58 | €175,125 | €206,953 | +€31,828 | +18.2% |
| Amounts receivable within one year | 40/41 | €123,543 | €25,047 | -€98,496 | -79.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €123,543 | €25,047 | -€98,496 | -79.7% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €47,660 | €53,025 | +€5,365 | +11.3% |
| Deferred charges and accrued income | 490/1 | €3,921 | €3,881 | -€40 | -1.0% |
| Total equity and liabilities | 10/49 | €599,073 | €636,339 | +€37,265 | +6.2% |
| Equity | 10/15 | €217,610 | €139,597 | -€78,013 | -35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,010 | €120,997 | -€78,013 | -39.2% |
| Distributable reserves | 133 | €199,010 | €120,997 | -€78,013 | -39.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €381,463 | €496,741 | +€115,278 | +30.2% |
| Amounts payable after more than one year | 17 | €311,427 | €292,466 | -€18,961 | -6.1% |
| Financial debts | 170/4 | €191,427 | €172,466 | -€18,961 | -9.9% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,628 | €191,905 | +€122,277 | +176% |
| Current portion of amounts payable after more than one year | 42 | €18,738 | €18,961 | +€222 | +1.2% |
| Trade debts | 44 | €240 | €973 | +€733 | +305% |
| Suppliers | 440/4 | €240 | €973 | +€733 | +305% |
| Taxes, remuneration and social security | 45 | €2,074 | €13,138 | +€11,064 | +534% |
| Taxes | 450/3 | €0 | €13,138 | +€13,138 | |
| Remuneration and social security | 454/9 | €2,074 | €0 | -€2,074 | -100% |
| Other amounts payable | 47/48 | €48,576 | €158,834 | +€110,258 | +227% |
| Accrued charges and deferred income | 492/3 | €409 | €12,370 | +€11,962 | +2,927% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €5,522 | +€5,103 | +1,217% |
| Other operating charges | 640/8 | €2,227 | €1,802 | -€425 | -19.1% |
| Gross operating margin | 9900 | €59,756 | €147,261 | +€87,505 | +146% |
| Operating profit (loss) | 9901 | €57,110 | €139,937 | +€82,828 | +145% |
| Financial income | 75/76B | €71,597 | €1,530 | -€70,066 | -97.9% |
| Recurring financial income | 75 | €71,597 | €1,530 | -€70,066 | -97.9% |
| Financial charges | 65/66B | €14,146 | €14,586 | +€440 | +3.1% |
| Recurring financial charges | 65 | €14,146 | €14,586 | +€440 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €114,560 | €126,882 | +€12,322 | +10.8% |
| Income taxes | 67/77 | €12,257 | €40,163 | +€27,906 | +228% |
| Profit (loss) for the period | 9904 | €102,303 | €86,719 | -€15,584 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,303 | €86,719 | -€15,584 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.