GUIMMO: 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
GUIMMO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€21,125
2024 · -€13,122-€8,003
Equity
€2.0m
2024 · €2.0m-€21,125
Cash
€8,456
2024 · €7,586+€870
Balance sheet total
€2.8m
2024 · €2.9m-€120,545
Largest movements
Assets
- Tangible fixed assets -€73,400
down €73,400 (-3.4%), from €2.2m to €2.1m
of which Land and buildings: -€58,083
Equity and liabilities
- Debts after one year -€274,574
down €274,574 (-50.2%), from €546,857 to €272,282
- Current portion of long-term debt +€145,991
up €145,991 (+87.3%), from €167,239 to €313,230
- Provisions +€103,786
new in 2025: €103,786
- Other debts -€33,994
down €33,994 (-20.5%), from €165,432 to €131,438
- Trade debts -€29,721
down €29,721 (-76.0%), from €39,120 to €9,399
Income statement
- Provisions +€103,786
new in 2025: €103,786
- Gross operating margin +€64,795
up €64,795 (+61.5%), from €105,426 to €170,221
- Other operating charges -€22,488
down €22,488 (-63.3%), from €35,501 to €13,013
- Write-downs +€15,000
new in 2025: €15,000
- Depreciation -€10,566
down €10,566 (-15.3%), from €68,992 to €58,426
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
-€13,122
Gross operating margin
+€64,795
Depreciation
+€10,566
Write-downs
-€15,000
Provisions
-€103,786
Other operating charges
+€22,488
Other operating items
+€6
Financial income
+€5,978
Financial charges
+€5,959
Taxes
+€991
Result 2025
-€21,125
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€114,479
Investment
+€14,974
Financing
-€128,583
Cash 2024
€7,586
From operations (derived)
+€114,479
Net result for the year
-€21,125
Depreciation
+€58,426
Stocks and contracts
+€18,150
Receivables within one year
+€29,200
Deferred charges and accrued income
+€665
Provisions
+€103,786
Trade debts
-€29,721
Tax, wage and social debts
-€10,909
Other debts
-€33,994
Investment (derived)
+€14,974
Investment in fixed assets (net)
+€14,974
Financing
-€128,583
Debts after one year
-€274,574
Current portion of long-term debt
+€145,991
Cash 2025
€8,456
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,941,339 | €2,820,794 | -€120,545 | -4.1% |
| Fixed assets | 21/28 | €2,187,038 | €2,113,638 | -€73,400 | -3.4% |
| Tangible fixed assets | 22/27 | €2,186,231 | €2,112,831 | -€73,400 | -3.4% |
| Land and buildings | 22 | €2,168,429 | €2,110,345 | -€58,083 | -2.7% |
| Furniture and vehicles | 24 | €17,802 | €2,486 | -€15,317 | -86.0% |
| Financial fixed assets | 28 | €807 | €807 | = | 0.0% |
| Current assets | 29/58 | €754,301 | €707,156 | -€47,145 | -6.3% |
| Stocks and contracts in progress | 3 | €37,130 | €18,979 | -€18,150 | -48.9% |
| Stocks | 30/36 | €37,130 | €18,979 | -€18,150 | -48.9% |
| Amounts receivable within one year | 40/41 | €708,921 | €679,721 | -€29,200 | -4.1% |
| Trade receivables | 40 | €9,613 | €5,378 | -€4,236 | -44.1% |
| Other amounts receivable | 41 | €699,307 | €674,343 | -€24,964 | -3.6% |
| Cash at bank and in hand | 54/58 | €7,586 | €8,456 | +€870 | +11.5% |
| Deferred charges and accrued income | 490/1 | €665 | - | -€665 | |
| Total equity and liabilities | 10/49 | €2,941,339 | €2,820,794 | -€120,545 | -4.1% |
| Equity | 10/15 | €2,005,109 | €1,983,984 | -€21,125 | -1.1% |
| Contributions | 10/11 | €1,106,133 | €1,106,133 | = | 0.0% |
| Reserves | 13 | €898,975 | €877,851 | -€21,125 | -2.3% |
| Non-distributable reserves | 130/1 | €111,860 | €111,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €111,860 | €111,860 | = | 0.0% |
| Distributable reserves | 133 | €787,115 | €765,991 | -€21,125 | -2.7% |
| Provisions and deferred taxes | 16 | - | €103,786 | +€103,786 | |
| Provisions for liabilities and charges | 160/5 | - | €103,786 | +€103,786 | |
| Major repairs and maintenance | 162 | - | €103,786 | +€103,786 | |
| Amounts payable | 17/49 | €936,230 | €733,024 | -€203,207 | -21.7% |
| Amounts payable after more than one year | 17 | €546,857 | €272,282 | -€274,574 | -50.2% |
| Financial debts | 170/4 | €546,857 | €272,282 | -€274,574 | -50.2% |
| Amounts payable within one year | 42/48 | €389,374 | €460,741 | +€71,367 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €167,239 | €313,230 | +€145,991 | +87.3% |
| Trade debts | 44 | €39,120 | €9,399 | -€29,721 | -76.0% |
| Suppliers | 440/4 | €39,120 | €9,399 | -€29,721 | -76.0% |
| Taxes, remuneration and social security | 45 | €17,583 | €6,674 | -€10,909 | -62.0% |
| Taxes | 450/3 | €17,583 | €6,674 | -€10,909 | -62.0% |
| Other amounts payable | 47/48 | €165,432 | €131,438 | -€33,994 | -20.5% |
| Non-recurring operating income | 76A | €91,107 | - | -€91,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,992 | €58,426 | -€10,566 | -15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,000 | +€15,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €103,786 | +€103,786 | |
| Other operating charges | 640/8 | €35,501 | €13,013 | -€22,488 | -63.3% |
| Non-recurring operating charges | 66A | €6 | - | -€6 | |
| Gross operating margin | 9900 | €105,426 | €170,221 | +€64,795 | +61.5% |
| Operating profit (loss) | 9901 | €927 | -€20,005 | -€20,931 | |
| Financial income | 75/76B | €14,322 | €20,300 | +€5,978 | +41.7% |
| Recurring financial income | 75 | €14,322 | €20,300 | +€5,978 | +41.7% |
| Financial charges | 65/66B | €25,633 | €19,674 | -€5,959 | -23.2% |
| Recurring financial charges | 65 | €25,633 | €19,674 | -€5,959 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,384 | -€19,379 | -€8,994 | -86.6% |
| Income taxes | 67/77 | €2,737 | €1,746 | -€991 | -36.2% |
| Profit (loss) for the period | 9904 | -€13,122 | -€21,125 | -€8,003 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,122 | -€21,125 | -€8,003 | -61.0% |
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 25 October 2026 via checked.be.