GUIMATEX: 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.
GUIMATEX
Largest movements
- Cash +€128,095
up €128,095 (+104%), from €123,760 to €251,855
mainly Short-term financial debts (+€250,000) and Debts after one year (+€72,614)
- Stocks and contracts +€87,017
up €87,017 (+39.5%), from €220,211 to €307,228
- Receivables within one year -€64,215
down €64,215 (-46.0%), from €139,596 to €75,380
of which Trade receivables: -€36,599
- Intangible fixed assets +€22,224
new in 2025: €22,224
- Tangible fixed assets +€21,665
up €21,665 (+9.1%), from €239,040 to €260,705
of which Plant, machinery and equipment: +€46,205
- Short-term financial debts +€250,000
new in 2025: €250,000
- Current portion of long-term debt -€175,032
down €175,032 (-73.9%), from €236,753 to €61,722
- Debts after one year +€72,614
up €72,614 (+30.2%), from €240,592 to €313,206
- Trade debts +€52,052
up €52,052, from €0 to €52,052
- Other debts -€23,394
down €23,394 (-12.5%), from €186,433 to €163,039
- Staff costs +€24,956
up €24,956 (+26.1%), from €95,579 to €120,535
- Financial charges -€22,749
down €22,749 (-42.6%), from €53,360 to €30,610
- Gross operating margin +€15,875
up €15,875 (+8.3%), from €190,609 to €206,484
- Depreciation +€15,606
up €15,606 (+38.3%), from €40,727 to €56,332
- Financial income +€4,827
up €4,827 (+113%), from €4,288 to €9,115
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 | €724,463 | €921,271 | +€196,808 | +27.2% |
| Fixed assets | 21/28 | €239,040 | €282,929 | +€43,889 | +18.4% |
| Intangible fixed assets | 21 | - | €22,224 | +€22,224 | |
| Tangible fixed assets | 22/27 | €239,040 | €260,705 | +€21,665 | +9.1% |
| Land and buildings | 22 | €174,188 | €152,420 | -€21,768 | -12.5% |
| Plant, machinery and equipment | 23 | €56,887 | €103,091 | +€46,205 | +81.2% |
| Furniture and vehicles | 24 | €7,965 | €5,193 | -€2,771 | -34.8% |
| Current assets | 29/58 | €485,423 | €638,342 | +€152,919 | +31.5% |
| Stocks and contracts in progress | 3 | €220,211 | €307,228 | +€87,017 | +39.5% |
| Stocks | 30/36 | €220,211 | €307,228 | +€87,017 | +39.5% |
| Amounts receivable within one year | 40/41 | €139,596 | €75,380 | -€64,215 | -46.0% |
| Trade receivables | 40 | €110,758 | €74,159 | -€36,599 | -33.0% |
| Other amounts receivable | 41 | €28,838 | €1,221 | -€27,617 | -95.8% |
| Cash at bank and in hand | 54/58 | €123,760 | €251,855 | +€128,095 | +104% |
| Deferred charges and accrued income | 490/1 | €1,857 | €3,879 | +€2,022 | +109% |
| Total equity and liabilities | 10/49 | €724,463 | €921,271 | +€196,808 | +27.2% |
| Equity | 10/15 | €50,650 | €50,151 | -€499 | -1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,058 | €31,559 | -€499 | -1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,251 | €0 | -€2,251 | -100% |
| Distributable reserves | 133 | €29,807 | €31,559 | +€1,752 | +5.9% |
| Provisions and deferred taxes | 16 | €742 | €0 | -€742 | -100% |
| Deferred taxes | 168 | €742 | €0 | -€742 | -100% |
| Amounts payable | 17/49 | €673,071 | €871,120 | +€198,049 | +29.4% |
| Amounts payable after more than one year | 17 | €240,592 | €313,206 | +€72,614 | +30.2% |
| Financial debts | 170/4 | €240,592 | €313,206 | +€72,614 | +30.2% |
| Amounts payable within one year | 42/48 | €432,479 | €557,914 | +€125,435 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €236,753 | €61,722 | -€175,032 | -73.9% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €0 | €52,052 | +€52,052 | |
| Suppliers | 440/4 | €0 | €52,052 | +€52,052 | |
| Taxes, remuneration and social security | 45 | €9,293 | €31,101 | +€21,809 | +235% |
| Taxes | 450/3 | €2,896 | €24,349 | +€21,452 | +741% |
| Remuneration and social security | 454/9 | €6,396 | €6,753 | +€356 | +5.6% |
| Other amounts payable | 47/48 | €186,433 | €163,039 | -€23,394 | -12.5% |
| Remuneration, social security and pensions | 62 | €95,579 | €120,535 | +€24,956 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,727 | €56,332 | +€15,606 | +38.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,821 | €7,957 | +€136 | +1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €190,609 | €206,484 | +€15,875 | +8.3% |
| Operating profit (loss) | 9901 | €46,483 | €21,661 | -€24,822 | -53.4% |
| Financial income | 75/76B | €4,288 | €9,115 | +€4,827 | +113% |
| Recurring financial income | 75 | €4,288 | €9,115 | +€4,827 | +113% |
| Financial charges | 65/66B | €53,360 | €30,610 | -€22,749 | -42.6% |
| Recurring financial charges | 65 | €53,360 | €30,610 | -€22,749 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,589 | €165 | +€2,755 | |
| Transfer from deferred taxes | 780 | €2,171 | €742 | -€1,429 | -65.8% |
| Income taxes | 67/77 | €2,513 | €1,406 | -€1,107 | -44.0% |
| Profit (loss) for the period | 9904 | -€2,931 | -€499 | +€2,432 | +83.0% |
| Transfer from tax-exempt reserves | 789 | €6,514 | €2,251 | -€4,263 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,583 | €1,752 | -€1,831 | -51.1% |
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 15 October 2026 via checked.be.