GUIZZI: 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.
GUIZZI
Largest movements
- Cash -€42,718
no longer reported in 2025 (was €42,718)
- Receivables within one year -€30,340
down €30,340 (-37.7%), from €80,475 to €50,135
of which Trade receivables: -€34,540
- Tangible fixed assets -€23,101
down €23,101 (-96.0%), from €24,051 to €950
of which Other tangible fixed assets: -€16,755
- Profit (loss) carried forward -€64,621
down €64,621 (-85.5%), from €75,586 to €10,965
- Tax, wage and social debts -€29,872
down €29,872 (-94.4%), from €31,645 to €1,773
of which Taxes: -€27,572
- Advances received +€29,800
new in 2025: €29,800
- Debts after one year -€20,313
no longer reported in 2025 (was €20,313)
- Current portion of long-term debt -€12,906
no longer reported in 2025 (was €12,906)
- Gross operating margin +€21,959
up €21,959, from -€19,045 to €2,914
- Depreciation -€4,015
down €4,015 (-29.2%), from €13,774 to €9,759
- Other operating charges -€858
down €858 (-74.5%), from €1,152 to €294
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,243 | €51,085 | -€96,158 | -65.3% |
| Fixed assets | 21/28 | €24,051 | €950 | -€23,101 | -96.0% |
| Tangible fixed assets | 22/27 | €24,051 | €950 | -€23,101 | -96.0% |
| Plant, machinery and equipment | 23 | €4,016 | €950 | -€3,066 | -76.3% |
| Furniture and vehicles | 24 | €3,280 | - | -€3,280 | |
| Other tangible fixed assets | 26 | €16,755 | - | -€16,755 | |
| Current assets | 29/58 | €123,192 | €50,135 | -€73,057 | -59.3% |
| Amounts receivable within one year | 40/41 | €80,475 | €50,135 | -€30,340 | -37.7% |
| Trade receivables | 40 | €74,007 | €39,467 | -€34,540 | -46.7% |
| Other amounts receivable | 41 | €6,467 | €10,668 | +€4,200 | +64.9% |
| Cash at bank and in hand | 54/58 | €42,718 | - | -€42,718 | |
| Total equity and liabilities | 10/49 | €147,243 | €51,085 | -€96,158 | -65.3% |
| Equity | 10/15 | €80,586 | €15,965 | -€64,621 | -80.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,586 | €10,965 | -€64,621 | -85.5% |
| Amounts payable | 17/49 | €66,657 | €35,120 | -€31,537 | -47.3% |
| Amounts payable after more than one year | 17 | €20,313 | - | -€20,313 | |
| Financial debts | 170/4 | €20,313 | - | -€20,313 | |
| Amounts payable within one year | 42/48 | €46,344 | €35,120 | -€11,224 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €12,906 | - | -€12,906 | |
| Financial debts | 43 | - | €44 | +€44 | |
| Credit institutions | 430/8 | - | €44 | +€44 | |
| Trade debts | 44 | €1,055 | €3,153 | +€2,098 | +199% |
| Suppliers | 440/4 | €1,055 | €3,153 | +€2,098 | +199% |
| Advances received on contracts in progress | 46 | - | €29,800 | +€29,800 | |
| Taxes, remuneration and social security | 45 | €31,645 | €1,773 | -€29,872 | -94.4% |
| Taxes | 450/3 | €29,345 | €1,773 | -€27,572 | -94.0% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €739 | €349 | -€389 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,774 | €9,759 | -€4,015 | -29.2% |
| Other operating charges | 640/8 | €1,152 | €294 | -€858 | -74.5% |
| Gross operating margin | 9900 | -€19,045 | €2,914 | +€21,959 | |
| Operating profit (loss) | 9901 | -€33,971 | -€7,139 | +€26,832 | +79.0% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €164 | €288 | +€123 | +75.0% |
| Recurring financial charges | 65 | €164 | €288 | +€123 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,122 | -€7,427 | +€26,695 | +78.2% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€34,122 | -€7,568 | +€26,554 | +77.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,122 | -€7,568 | +€26,554 | +77.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.