Guitech: 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.
Guitech
Largest movements
- Receivables within one year +€36,322
up €36,322 (+188.4%), from €19,278 to €55,600
of which Trade receivables: +€37,578
- Current investments -€20,755
down €20,755 (-39.4%), from €52,630 to €31,876
- Cash -€4,841
down €4,841 (-40.8%), from €11,866 to €7,025
mainly Receivables within one year (-€36,322) and Contributions, distributions and other (-€32,000)
- Tangible fixed assets -€3,368
down €3,368 (-15.2%), from €22,124 to €18,756
of which Furniture and vehicles: -€1,803
- Other debts +€32,000
new in 2025: €32,000
- Profit (loss) carried forward -€24,095
down €24,095 (-23.0%), from €104,783 to €80,688
- Write-downs +€32,942
new in 2025: €32,942
- Gross operating margin +€25,434
up €25,434 (+106.6%), from €23,861 to €49,295
- Taxes -€1,836
down €1,836 (-36.9%), from €4,971 to €3,136
- Depreciation +€530
up €530 (+17.1%), from €3,103 to €3,632
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 | €107,311 | €114,523 | +€7,211 | +6.7% |
| Fixed assets | 21/28 | €22,388 | €18,756 | -€3,632 | -16.2% |
| Intangible fixed assets | 21 | €264 | - | -€264 | |
| Tangible fixed assets | 22/27 | €22,124 | €18,756 | -€3,368 | -15.2% |
| Furniture and vehicles | 24 | €7,802 | €5,999 | -€1,803 | -23.1% |
| Other tangible fixed assets | 26 | €14,323 | €12,757 | -€1,566 | -10.9% |
| Current assets | 29/58 | €84,923 | €95,767 | +€10,843 | +12.8% |
| Amounts receivable within one year | 40/41 | €19,278 | €55,600 | +€36,322 | +188.4% |
| Trade receivables | 40 | €9,340 | €46,918 | +€37,578 | +402.3% |
| Other amounts receivable | 41 | €9,938 | €8,683 | -€1,255 | -12.6% |
| Current investments | 50/53 | €52,630 | €31,876 | -€20,755 | -39.4% |
| Cash at bank and in hand | 54/58 | €11,866 | €7,025 | -€4,841 | -40.8% |
| Deferred charges and accrued income | 490/1 | €1,149 | €1,266 | +€117 | +10.2% |
| Total equity and liabilities | 10/49 | €107,311 | €114,523 | +€7,211 | +6.7% |
| Equity | 10/15 | €104,883 | €80,788 | -€24,095 | -23.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,783 | €80,688 | -€24,095 | -23.0% |
| Amounts payable | 17/49 | €2,428 | €33,734 | +€31,306 | +1289.2% |
| Amounts payable within one year | 42/48 | €2,428 | €33,734 | +€31,306 | +1289.2% |
| Trade debts | 44 | €440 | €859 | +€419 | +95.4% |
| Suppliers | 440/4 | €440 | €859 | +€419 | +95.4% |
| Taxes, remuneration and social security | 45 | €1,989 | €875 | -€1,114 | -56.0% |
| Taxes | 450/3 | €1,989 | €875 | -€1,114 | -56.0% |
| Other amounts payable | 47/48 | - | €32,000 | +€32,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,103 | €3,632 | +€530 | +17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,942 | +€32,942 | |
| Other operating charges | 640/8 | €399 | €400 | +€0 | +0.1% |
| Gross operating margin | 9900 | €23,861 | €49,295 | +€25,434 | +106.6% |
| Operating profit (loss) | 9901 | €20,359 | €12,321 | -€8,038 | -39.5% |
| Financial income | 75/76B | €700 | €791 | +€91 | +13.0% |
| Recurring financial income | 75 | €700 | €791 | +€91 | +13.0% |
| Financial charges | 65/66B | €2,439 | €2,071 | -€368 | -15.1% |
| Recurring financial charges | 65 | €2,439 | €2,071 | -€368 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €18,621 | €11,041 | -€7,580 | -40.7% |
| Income taxes | 67/77 | €4,971 | €3,136 | -€1,836 | -36.9% |
| Profit (loss) for the period | 9904 | €13,649 | €7,905 | -€5,744 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,649 | €7,905 | -€5,744 | -42.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.