GUIVAL: 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.
GUIVAL
Largest movements
- Current investments +€72,196
up €72,196 (+49.2%), from €146,701 to €218,897
- Cash +€17,434
up €17,434 (+33.3%), from €52,337 to €69,771
mainly Net result for the year (+€99,936) and Other debts (+€19,738)
- Deferred charges and accrued income +€7,940
up €7,940 (+152.4%), from €5,211 to €13,151
- Tangible fixed assets +€3,764
up €3,764 (+23.8%), from €15,790 to €19,555
of which Plant, machinery and equipment: +€4,252
- Reserves +€78,735
up €78,735 (+47.7%), from €165,125 to €243,860
- Other debts +€19,738
up €19,738 (+112.7%), from €17,518 to €37,256
- Gross operating margin +€38,983
up €38,983 (+34.5%), from €113,089 to €152,072
- Taxes +€12,659
up €12,659 (+41.8%), from €30,318 to €42,977
- Depreciation +€1,749
up €1,749 (+52.4%), from €3,340 to €5,089
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 | €220,039 | €321,374 | +€101,335 | +46.1% |
| Fixed assets | 21/28 | €15,790 | €19,555 | +€3,764 | +23.8% |
| Tangible fixed assets | 22/27 | €15,790 | €19,555 | +€3,764 | +23.8% |
| Plant, machinery and equipment | 23 | - | €4,252 | +€4,252 | |
| Furniture and vehicles | 24 | €8,477 | €9,028 | +€550 | +6.5% |
| Other tangible fixed assets | 26 | €7,313 | €6,275 | -€1,038 | -14.2% |
| Current assets | 29/58 | €204,249 | €301,819 | +€97,571 | +47.8% |
| Current investments | 50/53 | €146,701 | €218,897 | +€72,196 | +49.2% |
| Cash at bank and in hand | 54/58 | €52,337 | €69,771 | +€17,434 | +33.3% |
| Deferred charges and accrued income | 490/1 | €5,211 | €13,151 | +€7,940 | +152.4% |
| Total equity and liabilities | 10/49 | €220,039 | €321,374 | +€101,335 | +46.1% |
| Equity | 10/15 | €181,451 | €261,122 | +€79,671 | +43.9% |
| Contributions | 10/11 | €15,503 | €15,503 | = | 0.0% |
| Reserves | 13 | €165,125 | €243,860 | +€78,735 | +47.7% |
| Distributable reserves | 133 | €165,125 | €243,860 | +€78,735 | +47.7% |
| Profit (loss) carried forward | 14 | €823 | €1,759 | +€936 | +113.6% |
| Amounts payable | 17/49 | €38,588 | €60,252 | +€21,664 | +56.1% |
| Amounts payable within one year | 42/48 | €38,588 | €60,252 | +€21,664 | +56.1% |
| Trade debts | 44 | €3,332 | €4,075 | +€743 | +22.3% |
| Suppliers | 440/4 | €3,332 | €4,075 | +€743 | +22.3% |
| Taxes, remuneration and social security | 45 | €17,739 | €18,921 | +€1,183 | +6.7% |
| Taxes | 450/3 | €17,739 | €18,921 | +€1,183 | +6.7% |
| Other amounts payable | 47/48 | €17,518 | €37,256 | +€19,738 | +112.7% |
| Non-recurring operating income | 76A | - | €2,955 | +€2,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,340 | €5,089 | +€1,749 | +52.4% |
| Other operating charges | 640/8 | €1,502 | €1,754 | +€252 | +16.8% |
| Gross operating margin | 9900 | €113,089 | €152,072 | +€38,983 | +34.5% |
| Operating profit (loss) | 9901 | €108,247 | €145,229 | +€36,982 | +34.2% |
| Financial income | 75/76B | €837 | €2,022 | +€1,185 | +141.6% |
| Recurring financial income | 75 | €837 | €2,022 | +€1,185 | +141.6% |
| Financial charges | 65/66B | €3,250 | €4,338 | +€1,087 | +33.5% |
| Recurring financial charges | 65 | €3,250 | €4,338 | +€1,087 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €105,833 | €142,913 | +€37,080 | +35.0% |
| Income taxes | 67/77 | €30,318 | €42,977 | +€12,659 | +41.8% |
| Profit (loss) for the period | 9904 | €75,515 | €99,936 | +€24,421 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,515 | €99,936 | +€24,421 | +32.3% |
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 8 October 2026 via checked.be.