GUISSARD GEO: what changed
GUISSARD GEO
Largest movements
- Cash -€23,539
down €23,539 (-36.5%), from €64,493 to €40,954
mainly Contributions, distributions and other (-€26,500) and Current investments (-€14,900)
- Current investments +€14,900
up €14,900 (+62.6%), from €23,804 to €38,704
- Receivables within one year +€8,831
up €8,831 (+49.6%), from €17,816 to €26,646
of which Trade receivables: +€6,477
- Tangible fixed assets -€3,729
down €3,729 (-7.0%), from €53,021 to €49,292
- Reserves +€14,860
up €14,860 (+18.1%), from €82,154 to €97,014
of which Distributable reserves: +€14,860
- Debts after one year -€7,334
down €7,334 (-25.2%), from €29,102 to €21,768
- Other debts -€6,351
down €6,351 (-44.0%), from €14,430 to €8,079
- Tax, wage and social debts -€2,848
down €2,848 (-15.9%), from €17,912 to €15,064
- Current portion of long-term debt -€1,781
down €1,781 (-19.5%), from €9,115 to €7,334
- Gross operating margin -€9,113
down €9,113 (-10.8%), from €84,577 to €75,463
- Taxes -€4,397
down €4,397 (-18.6%), from €23,593 to €19,196
- Financial charges -€3,803
down €3,803 (-79.5%), from €4,786 to €984
of which Non-recurring financial charges: -€2,866
- Depreciation +€2,465
up €2,465 (+21.9%), from €11,264 to €13,729
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,133 | €155,595 | -€3,538 | -2.2% |
| Fixed assets | 21/28 | €53,021 | €49,292 | -€3,729 | -7.0% |
| Tangible fixed assets | 22/27 | €53,021 | €49,292 | -€3,729 | -7.0% |
| Furniture and vehicles | 24 | €53,021 | €49,292 | -€3,729 | -7.0% |
| Current assets | 29/58 | €106,112 | €106,303 | +€191 | +0.2% |
| Amounts receivable within one year | 40/41 | €17,816 | €26,646 | +€8,831 | +49.6% |
| Trade receivables | 40 | €17,816 | €24,293 | +€6,477 | +36.4% |
| Other amounts receivable | 41 | - | €2,353 | +€2,353 | |
| Current investments | 50/53 | €23,804 | €38,704 | +€14,900 | +62.6% |
| Cash at bank and in hand | 54/58 | €64,493 | €40,954 | -€23,539 | -36.5% |
| Total equity and liabilities | 10/49 | €159,133 | €155,595 | -€3,538 | -2.2% |
| Equity | 10/15 | €88,419 | €103,290 | +€14,871 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,154 | €97,014 | +€14,860 | +18.1% |
| Non-distributable reserves | 130/1 | €1,530 | €1,530 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,530 | €1,530 | = | 0.0% |
| Distributable reserves | 133 | €80,624 | €95,484 | +€14,860 | +18.4% |
| Profit (loss) carried forward | 14 | €65 | €76 | +€11 | +16.5% |
| Amounts payable | 17/49 | €70,714 | €52,305 | -€18,409 | -26.0% |
| Amounts payable after more than one year | 17 | €29,102 | €21,768 | -€7,334 | -25.2% |
| Financial debts | 170/4 | €29,102 | €21,768 | -€7,334 | -25.2% |
| Amounts payable within one year | 42/48 | €41,612 | €30,537 | -€11,075 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €9,115 | €7,334 | -€1,781 | -19.5% |
| Trade debts | 44 | €155 | €60 | -€95 | -61.3% |
| Suppliers | 440/4 | €155 | €60 | -€95 | -61.3% |
| Taxes, remuneration and social security | 45 | €17,912 | €15,064 | -€2,848 | -15.9% |
| Taxes | 450/3 | €17,912 | €15,064 | -€2,848 | -15.9% |
| Other amounts payable | 47/48 | €14,430 | €8,079 | -€6,351 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,264 | €13,729 | +€2,465 | +21.9% |
| Other operating charges | 640/8 | €429 | €400 | -€29 | -6.8% |
| Non-recurring operating charges | 66A | €4 | €6 | +€2 | +61.8% |
| Gross operating margin | 9900 | €84,577 | €75,463 | -€9,113 | -10.8% |
| Operating profit (loss) | 9901 | €72,880 | €61,328 | -€11,552 | -15.9% |
| Financial income | 75/76B | €412 | €222 | -€190 | -46.2% |
| Recurring financial income | 75 | €412 | €222 | -€190 | -46.2% |
| Financial charges | 65/66B | €4,786 | €984 | -€3,803 | -79.5% |
| Recurring financial charges | 65 | €1,920 | €984 | -€936 | -48.8% |
| Non-recurring financial charges | 66B | €2,866 | - | -€2,866 | |
| Profit (loss) for the period before taxes | 9903 | €68,506 | €60,566 | -€7,940 | -11.6% |
| Income taxes | 67/77 | €23,593 | €19,196 | -€4,397 | -18.6% |
| Profit (loss) for the period | 9904 | €44,913 | €41,371 | -€3,543 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,913 | €41,371 | -€3,543 | -7.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.