GUILLEMAERE: 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.
GUILLEMAERE
Largest movements
- Cash +€60,322
up €60,322 (+30.1%), from €200,374 to €260,696
mainly Net result for the year (+€60,505) and Depreciation (+€14,394)
- Stocks and contracts +€23,688
up €23,688 (+10.5%), from €224,573 to €248,261
- Tangible fixed assets -€13,567
down €13,567 (-7.7%), from €175,701 to €162,134
of which Furniture and vehicles: -€11,636
- Reserves +€60,500
up €60,500 (+13.3%), from €454,400 to €514,900
- Debts after one year -€25,263
down €25,263 (-74.5%), from €33,893 to €8,630
- Tax, wage and social debts +€12,746
up €12,746 (+64.7%), from €19,714 to €32,460
of which Taxes: +€12,629
- Trade debts +€9,058
up €9,058 (+24.7%), from €36,741 to €45,799
- Depreciation -€41,106
down €41,106 (-74.1%), from €55,500 to €14,394
- Taxes +€11,098
up €11,098 (+61.6%), from €18,030 to €29,129
- Gross operating margin -€6,514
down €6,514 (-4.5%), from €143,355 to €136,841
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 | €659,610 | €721,942 | +€62,332 | +9.4% |
| Fixed assets | 21/28 | €175,751 | €162,184 | -€13,567 | -7.7% |
| Tangible fixed assets | 22/27 | €175,701 | €162,134 | -€13,567 | -7.7% |
| Land and buildings | 22 | €130,000 | €130,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,401 | €4,470 | -€1,931 | -30.2% |
| Furniture and vehicles | 24 | €39,301 | €27,665 | -€11,636 | -29.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €483,859 | €559,758 | +€75,899 | +15.7% |
| Stocks and contracts in progress | 3 | €224,573 | €248,261 | +€23,688 | +10.5% |
| Stocks | 30/36 | €224,573 | €248,261 | +€23,688 | +10.5% |
| Amounts receivable within one year | 40/41 | €55,924 | €48,802 | -€7,121 | -12.7% |
| Trade receivables | 40 | €54,138 | €48,215 | -€5,924 | -10.9% |
| Other amounts receivable | 41 | €1,785 | €587 | -€1,198 | -67.1% |
| Cash at bank and in hand | 54/58 | €200,374 | €260,696 | +€60,322 | +30.1% |
| Deferred charges and accrued income | 490/1 | €2,988 | €1,999 | -€989 | -33.1% |
| Total equity and liabilities | 10/49 | €659,610 | €721,942 | +€62,332 | +9.4% |
| Equity | 10/15 | €475,884 | €534,889 | +€59,005 | +12.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €454,400 | €514,900 | +€60,500 | +13.3% |
| Distributable reserves | 133 | €454,400 | €514,900 | +€60,500 | +13.3% |
| Profit (loss) carried forward | 14 | €2,892 | €1,397 | -€1,495 | -51.7% |
| Amounts payable | 17/49 | €183,727 | €187,054 | +€3,327 | +1.8% |
| Amounts payable after more than one year | 17 | €33,893 | €8,630 | -€25,263 | -74.5% |
| Financial debts | 170/4 | €33,893 | €8,630 | -€25,263 | -74.5% |
| Amounts payable within one year | 42/48 | €146,187 | €172,264 | +€26,078 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €24,347 | €25,263 | +€916 | +3.8% |
| Trade debts | 44 | €36,741 | €45,799 | +€9,058 | +24.7% |
| Suppliers | 440/4 | €36,741 | €45,799 | +€9,058 | +24.7% |
| Taxes, remuneration and social security | 45 | €19,714 | €32,460 | +€12,746 | +64.7% |
| Taxes | 450/3 | €16,650 | €29,279 | +€12,629 | +75.8% |
| Remuneration and social security | 454/9 | €3,064 | €3,181 | +€117 | +3.8% |
| Other amounts payable | 47/48 | €65,385 | €68,742 | +€3,357 | +5.1% |
| Accrued charges and deferred income | 492/3 | €3,647 | €6,159 | +€2,513 | +68.9% |
| Non-recurring operating income | 76A | €7,025 | €826 | -€6,199 | -88.2% |
| Remuneration, social security and pensions | 62 | €18,983 | €20,084 | +€1,101 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,500 | €14,394 | -€41,106 | -74.1% |
| Other operating charges | 640/8 | €7,775 | €8,066 | +€291 | +3.7% |
| Gross operating margin | 9900 | €143,355 | €136,841 | -€6,514 | -4.5% |
| Operating profit (loss) | 9901 | €61,097 | €94,299 | +€33,201 | +54.3% |
| Financial income | 75/76B | €1,741 | €2,341 | +€601 | +34.5% |
| Recurring financial income | 75 | €1,741 | €2,341 | +€601 | +34.5% |
| Financial charges | 65/66B | €6,386 | €7,006 | +€621 | +9.7% |
| Recurring financial charges | 65 | €6,386 | €7,006 | +€621 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €56,453 | €89,633 | +€33,181 | +58.8% |
| Income taxes | 67/77 | €18,030 | €29,129 | +€11,098 | +61.6% |
| Profit (loss) for the period | 9904 | €38,422 | €60,505 | +€22,083 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,422 | €60,505 | +€22,083 | +57.5% |
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 19 October 2026 via checked.be.