GUIMIX: 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.
GUIMIX
Largest movements
- Current investments +€4.2m
up €4.2m (+242.1%), from €1.8m to €6.0m
- Cash +€2.3m
up €2.3m (+4597.2%), from €49,520 to €2.3m
mainly Other debts (+€3.7m) and Debts after one year (+€2.7m)
- Tangible fixed assets -€428,002
down €428,002 (-5.2%), from €8.2m to €7.8m
of which Land and buildings: -€276,391
- Other debts +€3.7m
up €3.7m (+475.4%), from €772,462 to €4.4m
- Debts after one year +€2.7m
up €2.7m (+511.0%), from €525,000 to €3.2m
of which Other amounts payable: +€2.9m
- Reserves -€1.7m
down €1.7m (-24.5%), from €7.0m to €5.3m
of which Distributable reserves: -€1.6m
- Profit (loss) carried forward +€1.4m
up €1.4m (+3479.0%), from €39,290 to €1.4m
- Gross operating margin +€540,177
up €540,177 (+35.8%), from €1.5m to €2.0m
- Financial income +€439,952
up €439,952 (+2835.3%), from €15,517 to €455,470
- Financial charges +€288,398
up €288,398 (+973.4%), from €29,628 to €318,026
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,246,453 | €16,178,044 | +€5.9m | +57.9% |
| Fixed assets | 21/28 | €8,192,578 | €7,764,576 | -€428,002 | -5.2% |
| Tangible fixed assets | 22/27 | €8,192,578 | €7,764,576 | -€428,002 | -5.2% |
| Land and buildings | 22 | €6,500,030 | €6,223,640 | -€276,391 | -4.3% |
| Plant, machinery and equipment | 23 | €688,324 | €567,050 | -€121,274 | -17.6% |
| Furniture and vehicles | 24 | €51,450 | €21,113 | -€30,337 | -59.0% |
| Other tangible fixed assets | 26 | €952,774 | €952,774 | = | 0.0% |
| Current assets | 29/58 | €2,053,875 | €8,413,468 | +€6.4m | +309.6% |
| Amounts receivable within one year | 40/41 | €241,183 | €84,964 | -€156,219 | -64.8% |
| Trade receivables | 40 | €41,454 | €558 | -€40,896 | -98.7% |
| Other amounts receivable | 41 | €199,730 | €84,407 | -€115,323 | -57.7% |
| Current investments | 50/53 | €1,751,666 | €5,993,224 | +€4.2m | +242.1% |
| Cash at bank and in hand | 54/58 | €49,520 | €2,326,058 | +€2.3m | +4597.2% |
| Deferred charges and accrued income | 490/1 | €11,505 | €9,222 | -€2,283 | -19.8% |
| Total equity and liabilities | 10/49 | €10,246,453 | €16,178,044 | +€5.9m | +57.9% |
| Equity | 10/15 | €8,534,688 | €8,182,042 | -€352,645 | -4.1% |
| Contributions | 10/11 | €1,468,000 | €1,468,000 | = | 0.0% |
| Reserves | 13 | €7,027,398 | €5,307,859 | -€1.7m | -24.5% |
| Non-distributable reserves | 130/1 | €146,800 | €0 | -€146,800 | -100.0% |
| Reserves not available under the articles | 1311 | €146,800 | €0 | -€146,800 | -100.0% |
| Distributable reserves | 133 | €6,880,598 | €5,307,859 | -€1.6m | -22.9% |
| Profit (loss) carried forward | 14 | €39,290 | €1,406,183 | +€1.4m | +3479.0% |
| Amounts payable | 17/49 | €1,711,765 | €7,996,002 | +€6.3m | +367.1% |
| Amounts payable after more than one year | 17 | €525,000 | €3,207,636 | +€2.7m | +511.0% |
| Financial debts | 170/4 | €525,000 | €300,000 | -€225,000 | -42.9% |
| Other amounts payable | 178/9 | - | €2,907,636 | +€2.9m | |
| Amounts payable within one year | 42/48 | €1,176,345 | €4,788,366 | +€3.6m | +307.1% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €28,320 | €41,180 | +€12,861 | +45.4% |
| Suppliers | 440/4 | €28,320 | €41,180 | +€12,861 | +45.4% |
| Taxes, remuneration and social security | 45 | €75,564 | €2,823 | -€72,741 | -96.3% |
| Taxes | 450/3 | €75,564 | €2,823 | -€72,741 | -96.3% |
| Other amounts payable | 47/48 | €772,462 | €4,444,362 | +€3.7m | +475.4% |
| Accrued charges and deferred income | 492/3 | €10,420 | €0 | -€10,420 | -100.0% |
| Non-recurring operating income | 76A | €7,417 | €9,427 | +€2,011 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440,738 | €435,666 | -€5,071 | -1.2% |
| Other operating charges | 640/8 | €31,858 | €22,185 | -€9,673 | -30.4% |
| Gross operating margin | 9900 | €1,507,053 | €2,047,230 | +€540,177 | +35.8% |
| Operating profit (loss) | 9901 | €1,034,457 | €1,589,378 | +€554,921 | +53.6% |
| Financial income | 75/76B | €15,517 | €455,470 | +€439,952 | +2835.3% |
| Recurring financial income | 75 | €15,517 | €455,470 | +€439,952 | +2835.3% |
| Financial charges | 65/66B | €29,628 | €318,026 | +€288,398 | +973.4% |
| Recurring financial charges | 65 | €29,628 | €318,026 | +€288,398 | +973.4% |
| Profit (loss) for the period before taxes | 9903 | €1,020,347 | €1,726,822 | +€706,475 | +69.2% |
| Income taxes | 67/77 | €348,001 | €359,928 | +€11,928 | +3.4% |
| Profit (loss) for the period | 9904 | €672,346 | €1,366,893 | +€694,547 | +103.3% |
| Profit (loss) for the period to be appropriated | 9905 | €672,346 | €1,366,893 | +€694,547 | +103.3% |
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 9 October 2026 via checked.be.