GULDENBERG: 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.
GULDENBERG
Largest movements
- Cash -€22,488
down €22,488 (-73.6%), from €30,553 to €8,066
mainly Other debts (-€12,000) and Net result for the year (-€8,785)
- Receivables within one year +€1,703
new in 2025: €1,703
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Profit (loss) carried forward -€8,785
down €8,785, from €1,200 to -€7,585
- Gross operating margin -€10,994
down €10,994, from €7,967 to -€3,027
- Taxes -€1,288
down €1,288 (-310.4%), from -€415 to -€1,703
- Other operating charges +€224
up €224 (+3.1%), from €7,205 to €7,429
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 | €99,956 | €79,171 | -€20,785 | -20.8% |
| Fixed assets | 21/28 | €69,402 | €69,402 | = | 0.0% |
| Tangible fixed assets | 22/27 | €69,402 | €69,402 | = | 0.0% |
| Land and buildings | 22 | €69,402 | €69,402 | = | 0.0% |
| Current assets | 29/58 | €30,553 | €9,769 | -€20,785 | -68.0% |
| Amounts receivable within one year | 40/41 | - | €1,703 | +€1,703 | |
| Other amounts receivable | 41 | - | €1,703 | +€1,703 | |
| Cash at bank and in hand | 54/58 | €30,553 | €8,066 | -€22,488 | -73.6% |
| Total equity and liabilities | 10/49 | €99,956 | €79,171 | -€20,785 | -20.8% |
| Equity | 10/15 | €87,956 | €79,171 | -€8,785 | -10.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €66,756 | €66,756 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,634 | €13,634 | = | 0.0% |
| Distributable reserves | 133 | €53,121 | €53,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,200 | -€7,585 | -€8,785 | |
| Amounts payable | 17/49 | €12,000 | - | -€12,000 | |
| Amounts payable within one year | 42/48 | €12,000 | - | -€12,000 | |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €7,205 | €7,429 | +€224 | +3.1% |
| Gross operating margin | 9900 | €7,967 | -€3,027 | -€10,994 | |
| Operating profit (loss) | 9901 | €762 | -€10,456 | -€11,218 | |
| Financial charges | 65/66B | €75 | €32 | -€43 | -57.0% |
| Recurring financial charges | 65 | €75 | €32 | -€43 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €688 | -€10,488 | -€11,176 | |
| Income taxes | 67/77 | -€415 | -€1,703 | -€1,288 | -310.4% |
| Profit (loss) for the period | 9904 | €1,103 | -€8,785 | -€9,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,103 | -€8,785 | -€9,888 |
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 9 October 2026 via checked.be.