GUIREC: what changed
Two fiscal 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.
GUIREC
Largest movements
- Cash +€93,158
up €93,158 (+12.0%), from €778,717 to €871,874
mainly Net result for the year (+€100,031)
- Reserves +€99,000
up €99,000 (+13.8%), from €718,800 to €817,800
of which Distributable reserves: +€99,000
- Taxes +€22,399
up €22,399 (+84.8%), from €26,418 to €48,817
- Gross operating margin -€16,663
down €16,663 (-10.3%), from €161,987 to €145,324
- Financial income +€3,123
up €3,123 (+183.4%), from €1,703 to €4,826
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 | €811,079 | €904,336 | +€93,256 | +11.5% |
| Current assets | 29/58 | €811,079 | €904,336 | +€93,256 | +11.5% |
| Amounts receivable within one year | 40/41 | €31,636 | €31,705 | +€69 | +0.2% |
| Trade receivables | 40 | €16,465 | €15,000 | -€1,465 | -8.9% |
| Other amounts receivable | 41 | €15,171 | €16,705 | +€1,534 | +10.1% |
| Cash at bank and in hand | 54/58 | €778,717 | €871,874 | +€93,158 | +12.0% |
| Deferred charges and accrued income | 490/1 | €727 | €756 | +€29 | +4.0% |
| Total equity and liabilities | 10/49 | €811,079 | €904,336 | +€93,256 | +11.5% |
| Equity | 10/15 | €739,580 | €839,611 | +€100,031 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €718,800 | €817,800 | +€99,000 | +13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €716,940 | €815,940 | +€99,000 | +13.8% |
| Profit (loss) carried forward | 14 | €2,181 | €3,212 | +€1,031 | +47.3% |
| Amounts payable | 17/49 | €71,499 | €64,724 | -€6,775 | -9.5% |
| Amounts payable within one year | 42/48 | €71,499 | €64,724 | -€6,775 | -9.5% |
| Trade debts | 44 | €1,511 | €762 | -€749 | -49.6% |
| Suppliers | 440/4 | €1,511 | €762 | -€749 | -49.6% |
| Taxes, remuneration and social security | 45 | €26,400 | €21,500 | -€4,900 | -18.6% |
| Taxes | 450/3 | €26,400 | €21,500 | -€4,900 | -18.6% |
| Other amounts payable | 47/48 | €43,588 | €42,462 | -€1,125 | -2.6% |
| Other operating charges | 640/8 | €1,126 | €1,053 | -€73 | -6.5% |
| Gross operating margin | 9900 | €161,987 | €145,324 | -€16,663 | -10.3% |
| Operating profit (loss) | 9901 | €160,861 | €144,271 | -€16,590 | -10.3% |
| Financial income | 75/76B | €1,703 | €4,826 | +€3,123 | +183.4% |
| Recurring financial income | 75 | €1,703 | €4,826 | +€3,123 | +183.4% |
| Financial charges | 65/66B | €231 | €249 | +€18 | +7.8% |
| Recurring financial charges | 65 | €231 | €249 | +€18 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €162,333 | €148,848 | -€13,485 | -8.3% |
| Income taxes | 67/77 | €26,418 | €48,817 | +€22,399 | +84.8% |
| Profit (loss) for the period | 9904 | €135,914 | €100,031 | -€35,883 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,914 | €100,031 | -€35,883 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.