GUIVALL: 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.
GUIVALL
Largest movements
- Tangible fixed assets +€829,045
up €829,045 (+522.1%), from €158,784 to €987,829
of which Land and buildings: +€841,140
- Deferred charges and accrued income +€123,836
up €123,836 (+8383.6%), from €1,477 to €125,313
- Receivables within one year +€21,134
up €21,134 (+37.9%), from €55,826 to €76,960
of which Trade receivables: +€34,610
- Debts after one year +€876,504
up €876,504 (+27874.6%), from €3,144 to €879,649
- Other debts +€272,210
up €272,210 (+536.2%), from €50,770 to €322,980
- Current portion of long-term debt -€138,792
down €138,792 (-99.0%), from €140,179 to €1,388
- Reserves -€44,859
down €44,859 (-52.5%), from €85,392 to €40,533
- Profit (loss) carried forward +€13,967
up €13,967 (+40.8%), from -€34,267 to -€20,300
- Gross operating margin +€54,866
up €54,866 (+74.3%), from €73,814 to €128,680
- Depreciation +€32,045
up €32,045 (+202.0%), from €15,861 to €47,907
- Staff costs +€15,123
up €15,123 (+44.5%), from €33,947 to €49,070
- Financial charges +€4,605
up €4,605 (+71.3%), from €6,464 to €11,069
- Other operating charges -€3,093
down €3,093 (-48.1%), from €6,426 to €3,332
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,175 | €1,271,779 | +€986,604 | +346.0% |
| Fixed assets | 21/28 | €158,784 | €987,829 | +€829,045 | +522.1% |
| Tangible fixed assets | 22/27 | €158,784 | €987,829 | +€829,045 | +522.1% |
| Land and buildings | 22 | €107,385 | €948,525 | +€841,140 | +783.3% |
| Plant, machinery and equipment | 23 | €29,052 | €23,095 | -€5,958 | -20.5% |
| Furniture and vehicles | 24 | €22,347 | €16,210 | -€6,137 | -27.5% |
| Current assets | 29/58 | €126,391 | €283,950 | +€157,559 | +124.7% |
| Amounts receivable within one year | 40/41 | €55,826 | €76,960 | +€21,134 | +37.9% |
| Trade receivables | 40 | €42,350 | €76,960 | +€34,610 | +81.7% |
| Other amounts receivable | 41 | €13,476 | - | -€13,476 | |
| Cash at bank and in hand | 54/58 | €69,088 | €81,677 | +€12,590 | +18.2% |
| Deferred charges and accrued income | 490/1 | €1,477 | €125,313 | +€123,836 | +8383.6% |
| Total equity and liabilities | 10/49 | €285,175 | €1,271,779 | +€986,604 | +346.0% |
| Equity | 10/15 | €63,524 | €32,633 | -€30,891 | -48.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,392 | €40,533 | -€44,859 | -52.5% |
| Distributable reserves | 133 | €85,392 | €40,533 | -€44,859 | -52.5% |
| Profit (loss) carried forward | 14 | -€34,267 | -€20,300 | +€13,967 | +40.8% |
| Amounts payable | 17/49 | €221,651 | €1,239,146 | +€1.0m | +459.1% |
| Amounts payable after more than one year | 17 | €3,144 | €879,649 | +€876,504 | +27874.6% |
| Financial debts | 170/4 | €3,144 | €879,649 | +€876,504 | +27874.6% |
| Amounts payable within one year | 42/48 | €216,811 | €355,782 | +€138,971 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €140,179 | €1,388 | -€138,792 | -99.0% |
| Trade debts | 44 | €5,066 | €7,228 | +€2,162 | +42.7% |
| Suppliers | 440/4 | €5,066 | €7,228 | +€2,162 | +42.7% |
| Taxes, remuneration and social security | 45 | €20,796 | €24,187 | +€3,390 | +16.3% |
| Taxes | 450/3 | €13,561 | €19,050 | +€5,489 | +40.5% |
| Remuneration and social security | 454/9 | €7,236 | €5,137 | -€2,099 | -29.0% |
| Other amounts payable | 47/48 | €50,770 | €322,980 | +€272,210 | +536.2% |
| Accrued charges and deferred income | 492/3 | €1,695 | €3,716 | +€2,021 | +119.2% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €33,947 | €49,070 | +€15,123 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,861 | €47,907 | +€32,045 | +202.0% |
| Other operating charges | 640/8 | €6,426 | €3,332 | -€3,093 | -48.1% |
| Gross operating margin | 9900 | €73,814 | €128,680 | +€54,866 | +74.3% |
| Operating profit (loss) | 9901 | €17,580 | €28,371 | +€10,791 | +61.4% |
| Financial income | 75/76B | - | €232 | +€232 | |
| Recurring financial income | 75 | - | €232 | +€232 | |
| Financial charges | 65/66B | €6,464 | €11,069 | +€4,605 | +71.3% |
| Recurring financial charges | 65 | €6,464 | €11,069 | +€4,605 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €11,116 | €17,535 | +€6,418 | +57.7% |
| Income taxes | 67/77 | €1,346 | €3,568 | +€2,222 | +165.1% |
| Profit (loss) for the period | 9904 | €9,771 | €13,967 | +€4,197 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,771 | €13,967 | +€4,197 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.