GUIVAN: 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.
GUIVAN
Largest movements
- Tangible fixed assets -€33,569
down €33,569 (-14.2%), from €236,768 to €203,199
of which Land and buildings: -€32,693
- Cash -€21,117
down €21,117 (-13.6%), from €155,067 to €133,950
mainly Contributions, distributions and other (-€60,000) and Debts after one year (-€12,553)
- Receivables within one year +€12,137
up €12,137 (+622.2%), from €1,951 to €14,088
of which Trade receivables: +€10,146
- Reserves -€51,898
down €51,898 (-8.4%), from €614,440 to €562,542
- Profit (loss) carried forward +€34,308
up €34,308 (+15.8%), from -€217,291 to -€182,983
- Debts after one year -€12,553
down €12,553 (-19.8%), from €63,428 to €50,876
- Contributions -€8,102
down €8,102 (-13.1%), from €62,000 to €53,898
- Depreciation -€12,430
down €12,430 (-26.8%), from €46,345 to €33,915
- Financial income +€1,110
up €1,110 (+27.9%), from €3,984 to €5,094
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 | €550,952 | €508,937 | -€42,015 | -7.6% |
| Fixed assets | 21/28 | €237,114 | €203,199 | -€33,915 | -14.3% |
| Intangible fixed assets | 21 | €345 | - | -€345 | |
| Tangible fixed assets | 22/27 | €236,768 | €203,199 | -€33,569 | -14.2% |
| Land and buildings | 22 | €234,376 | €201,683 | -€32,693 | -13.9% |
| Furniture and vehicles | 24 | €2,392 | €1,515 | -€877 | -36.7% |
| Current assets | 29/58 | €313,838 | €305,738 | -€8,100 | -2.6% |
| Amounts receivable within one year | 40/41 | €1,951 | €14,088 | +€12,137 | +622.2% |
| Trade receivables | 40 | €715 | €10,861 | +€10,146 | +1419.7% |
| Other amounts receivable | 41 | €1,236 | €3,227 | +€1,991 | +161.1% |
| Current investments | 50/53 | €154,700 | €154,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €155,067 | €133,950 | -€21,117 | -13.6% |
| Deferred charges and accrued income | 490/1 | €2,121 | €3,001 | +€880 | +41.5% |
| Total equity and liabilities | 10/49 | €550,952 | €508,937 | -€42,015 | -7.6% |
| Equity | 10/15 | €459,149 | €433,457 | -€25,692 | -5.6% |
| Contributions | 10/11 | €62,000 | €53,898 | -€8,102 | -13.1% |
| Reserves | 13 | €614,440 | €562,542 | -€51,898 | -8.4% |
| Distributable reserves | 133 | €614,440 | €562,542 | -€51,898 | -8.4% |
| Profit (loss) carried forward | 14 | -€217,291 | -€182,983 | +€34,308 | +15.8% |
| Amounts payable | 17/49 | €91,803 | €75,480 | -€16,323 | -17.8% |
| Amounts payable after more than one year | 17 | €63,428 | €50,876 | -€12,553 | -19.8% |
| Financial debts | 170/4 | €63,428 | €50,876 | -€12,553 | -19.8% |
| Amounts payable within one year | 42/48 | €28,375 | €24,604 | -€3,770 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €12,380 | €12,553 | +€173 | +1.4% |
| Trade debts | 44 | €10,550 | €7,359 | -€3,191 | -30.2% |
| Suppliers | 440/4 | €10,550 | €7,359 | -€3,191 | -30.2% |
| Taxes, remuneration and social security | 45 | €3,288 | €2,536 | -€753 | -22.9% |
| Taxes | 450/3 | €753 | - | -€753 | |
| Remuneration and social security | 454/9 | €2,536 | €2,536 | = | 0.0% |
| Other amounts payable | 47/48 | €2,157 | €2,157 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,345 | €33,915 | -€12,430 | -26.8% |
| Other operating charges | 640/8 | €10,558 | €10,888 | +€331 | +3.1% |
| Gross operating margin | 9900 | €76,706 | €76,014 | -€693 | -0.9% |
| Operating profit (loss) | 9901 | €19,804 | €31,211 | +€11,407 | +57.6% |
| Financial income | 75/76B | €3,984 | €5,094 | +€1,110 | +27.9% |
| Recurring financial income | 75 | €3,984 | €5,094 | +€1,110 | +27.9% |
| Financial charges | 65/66B | €2,267 | €1,831 | -€436 | -19.2% |
| Recurring financial charges | 65 | €2,267 | €1,831 | -€436 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €21,521 | €34,474 | +€12,953 | +60.2% |
| Income taxes | 67/77 | €142 | €166 | +€24 | +17.1% |
| Profit (loss) for the period | 9904 | €21,379 | €34,308 | +€12,929 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,379 | €34,308 | +€12,929 | +60.5% |
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 2 October 2026 via checked.be.