GUILLAUME M.C.: 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.
GUILLAUME M.C.
Largest movements
- Cash +€34,790
up €34,790 (+37.2%), from €93,551 to €128,340
mainly Net result for the year (+€18,580) and Receivables within one year (+€11,896)
- Receivables within one year -€11,896
down €11,896 (-81.6%), from €14,578 to €2,682
- Deferred charges and accrued income +€3,084
up €3,084 (+13.4%), from €23,011 to €26,095
- Reserves +€18,500
up €18,500 (+17.0%), from €108,864 to €127,364
- Tax, wage and social debts +€4,203
new in 2025: €4,203
- Trade debts +€3,676
up €3,676 (+1,189%), from €309 to €3,985
- Gross operating margin +€21,092
up €21,092 (+292%), from €7,213 to €28,305
- Taxes +€6,829
up €6,829 (+264%), from €2,585 to €9,414
- Other operating charges +€355
up €355 (+129%), from €275 to €630
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 | €131,546 | €157,208 | +€25,661 | +19.5% |
| Fixed assets | 21/28 | €406 | €90 | -€317 | -78.0% |
| Tangible fixed assets | 22/27 | €406 | €90 | -€317 | -78.0% |
| Plant, machinery and equipment | 23 | €132 | - | -€132 | |
| Furniture and vehicles | 24 | €77 | - | -€77 | |
| Other tangible fixed assets | 26 | €197 | €90 | -€108 | -54.6% |
| Current assets | 29/58 | €131,140 | €157,118 | +€25,978 | +19.8% |
| Amounts receivable within one year | 40/41 | €14,578 | €2,682 | -€11,896 | -81.6% |
| Other amounts receivable | 41 | €14,578 | €2,682 | -€11,896 | -81.6% |
| Cash at bank and in hand | 54/58 | €93,551 | €128,340 | +€34,790 | +37.2% |
| Deferred charges and accrued income | 490/1 | €23,011 | €26,095 | +€3,084 | +13.4% |
| Total equity and liabilities | 10/49 | €131,546 | €157,208 | +€25,661 | +19.5% |
| Equity | 10/15 | €127,640 | €146,220 | +€18,580 | +14.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €108,864 | €127,364 | +€18,500 | +17.0% |
| Distributable reserves | 133 | €108,864 | €127,364 | +€18,500 | +17.0% |
| Profit (loss) carried forward | 14 | €185 | €264 | +€80 | +43.1% |
| Amounts payable | 17/49 | €3,906 | €10,988 | +€7,082 | +181% |
| Amounts payable within one year | 42/48 | €3,695 | €10,835 | +€7,140 | +193% |
| Trade debts | 44 | €309 | €3,985 | +€3,676 | +1,189% |
| Suppliers | 440/4 | €309 | €3,985 | +€3,676 | +1,189% |
| Taxes, remuneration and social security | 45 | - | €4,203 | +€4,203 | |
| Taxes | 450/3 | - | €4,203 | +€4,203 | |
| Other amounts payable | 47/48 | €3,386 | €2,647 | -€739 | -21.8% |
| Accrued charges and deferred income | 492/3 | €211 | €152 | -€58 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €317 | -€19 | -5.6% |
| Other operating charges | 640/8 | €275 | €630 | +€355 | +129% |
| Gross operating margin | 9900 | €7,213 | €28,305 | +€21,092 | +292% |
| Operating profit (loss) | 9901 | €6,603 | €27,358 | +€20,756 | +314% |
| Financial income | 75/76B | €890 | €701 | -€189 | -21.2% |
| Recurring financial income | 75 | €890 | €701 | -€189 | -21.2% |
| Financial charges | 65/66B | €53 | €66 | +€13 | +25.7% |
| Recurring financial charges | 65 | €53 | €66 | +€13 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €7,440 | €27,994 | +€20,553 | +276% |
| Income taxes | 67/77 | €2,585 | €9,414 | +€6,829 | +264% |
| Profit (loss) for the period | 9904 | €4,856 | €18,580 | +€13,724 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €4,856 | €18,580 | +€13,724 | +283% |
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 30 October 2026 via checked.be.