GUIMAT: 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.
What changed
GUIMAT
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€149,834
2024 · -€129,926-€19,908
Equity
-€122,336
2024 · €27,498-€149,834
Cash
€19,535
2024 · €17,546+€1,989
Balance sheet total
€2.8m
2024 · €2.6m+€211,629
Largest movements
Assets
- Stocks and contracts +€192,586
up €192,586 (+8.3%), from €2.3m to €2.5m
Equity and liabilities
- Debts after one year +€294,719
up €294,719 (+11.6%), from €2.5m to €2.8m
of which Other amounts payable: +€301,013
- Profit (loss) carried forward -€149,834
down €149,834, from €7,046 to -€142,787
- Trade debts +€64,999
up €64,999 (+520.8%), from €12,481 to €77,479
Income statement
- Financial charges +€32,388
up €32,388 (+42.9%), from €75,574 to €107,962
- Gross operating margin +€14,203
up €14,203 (+40.9%), from -€34,742 to -€20,539
- Staff costs +€2,489
up €2,489, from -€313 to €2,176
- Financial income +€1,358
up €1,358 (+77.6%), from €1,749 to €3,108
- Other operating charges +€1,345
up €1,345 (+16.0%), from €8,422 to €9,767
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.
Result 2024
-€129,926
Gross operating margin
+€14,203
Staff costs
-€2,489
Depreciation
+€581
Other operating charges
-€1,345
Financial income
+€1,358
Financial charges
-€32,388
Taxes
+€171
Result 2025
-€149,834
Cash bridge derived
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.
From operations
-€292,514
Investment
€0
Financing
+€294,503
Cash 2024
€17,546
From operations (derived)
-€292,514
Net result for the year
-€149,834
Depreciation
+€12,498
Receivables after one year
-€26,877
Stocks and contracts
-€192,586
Receivables within one year
-€1,057
Deferred charges and accrued income
-€1,618
Trade debts
+€64,999
Tax, wage and social debts
+€1,961
Financing
+€294,503
Debts after one year
+€294,719
Current portion of long-term debt
-€216
Cash 2025
€19,535
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,590,031 | €2,801,660 | +€211,629 | +8.2% |
| Fixed assets | 21/28 | €141,029 | €128,531 | -€12,498 | -8.9% |
| Tangible fixed assets | 22/27 | €141,029 | €128,531 | -€12,498 | -8.9% |
| Land and buildings | 22 | €135,943 | €125,647 | -€10,295 | -7.6% |
| Plant, machinery and equipment | 23 | €3,040 | €1,798 | -€1,242 | -40.9% |
| Furniture and vehicles | 24 | €2,046 | €1,086 | -€960 | -46.9% |
| Current assets | 29/58 | €2,449,002 | €2,673,129 | +€224,127 | +9.2% |
| Amounts receivable after more than one year | 29 | €76,402 | €103,279 | +€26,877 | +35.2% |
| Other amounts receivable | 291 | €76,402 | €103,279 | +€26,877 | +35.2% |
| Stocks and contracts in progress | 3 | €2,309,632 | €2,502,219 | +€192,586 | +8.3% |
| Stocks | 30/36 | €2,309,632 | €2,502,219 | +€192,586 | +8.3% |
| Amounts receivable within one year | 40/41 | €41,020 | €42,077 | +€1,057 | +2.6% |
| Trade receivables | 40 | €1,707 | €33,742 | +€32,035 | +1876.4% |
| Other amounts receivable | 41 | €39,313 | €8,334 | -€30,978 | -78.8% |
| Cash at bank and in hand | 54/58 | €17,546 | €19,535 | +€1,989 | +11.3% |
| Deferred charges and accrued income | 490/1 | €4,401 | €6,020 | +€1,618 | +36.8% |
| Total equity and liabilities | 10/49 | €2,590,031 | €2,801,660 | +€211,629 | +8.2% |
| Equity | 10/15 | €27,498 | -€122,336 | -€149,834 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,046 | -€142,787 | -€149,834 | |
| Amounts payable | 17/49 | €2,562,534 | €2,923,996 | +€361,463 | +14.1% |
| Amounts payable after more than one year | 17 | €2,543,373 | €2,838,091 | +€294,719 | +11.6% |
| Financial debts | 170/4 | €1,713,840 | €1,707,547 | -€6,294 | -0.4% |
| Other amounts payable | 178/9 | €829,532 | €1,130,545 | +€301,013 | +36.3% |
| Amounts payable within one year | 42/48 | €19,161 | €85,905 | +€66,744 | +348.3% |
| Current portion of amounts payable after more than one year | 42 | €6,510 | €6,294 | -€216 | -3.3% |
| Trade debts | 44 | €12,481 | €77,479 | +€64,999 | +520.8% |
| Suppliers | 440/4 | €12,481 | €77,479 | +€64,999 | +520.8% |
| Taxes, remuneration and social security | 45 | €171 | €2,132 | +€1,961 | +1148.1% |
| Taxes | 450/3 | €171 | - | -€171 | |
| Remuneration and social security | 454/9 | - | €2,132 | +€2,132 | |
| Remuneration, social security and pensions | 62 | -€313 | €2,176 | +€2,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,079 | €12,498 | -€581 | -4.4% |
| Other operating charges | 640/8 | €8,422 | €9,767 | +€1,345 | +16.0% |
| Gross operating margin | 9900 | -€34,742 | -€20,539 | +€14,203 | +40.9% |
| Operating profit (loss) | 9901 | -€55,931 | -€44,980 | +€10,951 | +19.6% |
| Financial income | 75/76B | €1,749 | €3,108 | +€1,358 | +77.6% |
| Recurring financial income | 75 | €1,749 | €3,108 | +€1,358 | +77.6% |
| Financial charges | 65/66B | €75,574 | €107,962 | +€32,388 | +42.9% |
| Recurring financial charges | 65 | €75,574 | €107,962 | +€32,388 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | -€129,755 | -€149,834 | -€20,079 | -15.5% |
| Income taxes | 67/77 | €171 | - | -€171 | |
| Profit (loss) for the period | 9904 | -€129,926 | -€149,834 | -€19,908 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,926 | -€149,834 | -€19,908 | -15.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.