GUITOM: 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.
GUITOM
Largest movements
- Cash +€55,226
up €55,226 (+292%), from €18,942 to €74,168
mainly Net result for the year (+€115,588) and Receivables within one year (+€16,794)
- Tangible fixed assets +€49,019
up €49,019 (+6,405%), from €765 to €49,785
- Current investments +€40,000
new in 2025: €40,000
- Receivables within one year -€16,794
down €16,794 (-37.7%), from €44,530 to €27,736
of which Trade receivables: -€19,120
- Profit (loss) carried forward +€115,588
up €115,588 (+279%), from €41,398 to €156,986
- Tax, wage and social debts +€14,405
up €14,405 (+72.2%), from €19,949 to €34,354
- Gross operating margin +€94,391
up €94,391 (+173%), from €54,635 to €149,025
- Taxes +€21,263
up €21,263 (+191%), from €11,138 to €32,401
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,338 | €193,474 | +€129,136 | +201% |
| Formation expenses | 20 | €101 | - | -€101 | |
| Fixed assets | 21/28 | €765 | €49,785 | +€49,019 | +6,405% |
| Tangible fixed assets | 22/27 | €765 | €49,785 | +€49,019 | +6,405% |
| Furniture and vehicles | 24 | €765 | €49,785 | +€49,019 | +6,405% |
| Current assets | 29/58 | €63,472 | €143,689 | +€80,217 | +126% |
| Amounts receivable within one year | 40/41 | €44,530 | €27,736 | -€16,794 | -37.7% |
| Trade receivables | 40 | €44,530 | €25,410 | -€19,120 | -42.9% |
| Other amounts receivable | 41 | - | €2,326 | +€2,326 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €18,942 | €74,168 | +€55,226 | +292% |
| Deferred charges and accrued income | 490/1 | - | €1,785 | +€1,785 | |
| Total equity and liabilities | 10/49 | €64,338 | €193,474 | +€129,136 | +201% |
| Equity | 10/15 | €42,898 | €158,486 | +€115,588 | +269% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,398 | €156,986 | +€115,588 | +279% |
| Amounts payable | 17/49 | €21,440 | €34,987 | +€13,547 | +63.2% |
| Amounts payable within one year | 42/48 | €21,407 | €34,987 | +€13,580 | +63.4% |
| Trade debts | 44 | €446 | €633 | +€188 | +42.1% |
| Suppliers | 440/4 | €446 | €633 | +€188 | +42.1% |
| Taxes, remuneration and social security | 45 | €19,949 | €34,354 | +€14,405 | +72.2% |
| Taxes | 450/3 | €19,949 | €34,354 | +€14,405 | +72.2% |
| Other amounts payable | 47/48 | €1,012 | - | -€1,012 | |
| Accrued charges and deferred income | 492/3 | €33 | - | -€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,233 | €1,034 | -€199 | -16.2% |
| Gross operating margin | 9900 | €54,635 | €149,025 | +€94,391 | +173% |
| Operating profit (loss) | 9901 | €53,401 | €147,991 | +€94,590 | +177% |
| Financial income | 75/76B | €72 | €72 | -€0 | -0.6% |
| Recurring financial income | 75 | €72 | €72 | -€0 | -0.6% |
| Financial charges | 65/66B | €78 | €74 | -€5 | -5.9% |
| Recurring financial charges | 65 | €78 | €74 | -€5 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €53,395 | €147,989 | +€94,594 | +177% |
| Income taxes | 67/77 | €11,138 | €32,401 | +€21,263 | +191% |
| Profit (loss) for the period | 9904 | €42,257 | €115,588 | +€73,331 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €42,257 | €115,588 | +€73,331 | +174% |
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 24 October 2026 via checked.be.