GULER: 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.
GULER
Largest movements
- Receivables within one year -€101,419
down €101,419 (-95.3%), from €106,428 to €5,009
of which Trade receivables: -€91,459
- Cash +€19,271
up €19,271 (+142.2%), from €13,551 to €32,822
mainly Receivables within one year (+€101,419) and Trade debts (+€10,329)
- Tangible fixed assets +€17,028
up €17,028 (+1189.3%), from €1,432 to €18,460
- Deferred charges and accrued income +€1,808
new in 2024: €1,808
- Stocks and contracts +€1,515
up €1,515 (+18.9%), from €8,005 to €9,520
- Tax, wage and social debts -€52,502
down €52,502 (-66.4%), from €79,035 to €26,534
of which Remuneration and social security: -€38,660
- Profit (loss) carried forward -€26,788
down €26,788, from €15,679 to -€11,109
- Trade debts +€10,329
up €10,329 (+869.5%), from €1,188 to €11,517
- Other debts +€7,163
up €7,163 (+45.7%), from €15,689 to €22,852
- Staff costs +€15,571
up €15,571 (+13.0%), from €119,948 to €135,519
- Gross operating margin -€13,791
down €13,791 (-10.9%), from €126,707 to €112,917
- Taxes -€2,537
down €2,537, from €980 to -€1,557
- Depreciation +€1,903
up €1,903 (+2790.0%), from €68 to €1,972
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 | €132,041 | €70,244 | -€61,797 | -46.8% |
| Fixed assets | 21/28 | €4,057 | €21,085 | +€17,028 | +419.8% |
| Tangible fixed assets | 22/27 | €1,432 | €18,460 | +€17,028 | +1189.3% |
| Plant, machinery and equipment | 23 | €1,432 | €18,460 | +€17,028 | +1189.3% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €127,984 | €49,159 | -€78,825 | -61.6% |
| Stocks and contracts in progress | 3 | €8,005 | €9,520 | +€1,515 | +18.9% |
| Stocks | 30/36 | €8,005 | €9,520 | +€1,515 | +18.9% |
| Amounts receivable within one year | 40/41 | €106,428 | €5,009 | -€101,419 | -95.3% |
| Trade receivables | 40 | €96,182 | €4,723 | -€91,459 | -95.1% |
| Other amounts receivable | 41 | €10,246 | €286 | -€9,960 | -97.2% |
| Cash at bank and in hand | 54/58 | €13,551 | €32,822 | +€19,271 | +142.2% |
| Deferred charges and accrued income | 490/1 | - | €1,808 | +€1,808 | |
| Total equity and liabilities | 10/49 | €132,041 | €70,244 | -€61,797 | -46.8% |
| Equity | 10/15 | €36,129 | €9,341 | -€26,788 | -74.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €450 | €450 | = | 0.0% |
| Distributable reserves | 133 | €450 | €450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,679 | -€11,109 | -€26,788 | |
| Amounts payable | 17/49 | €95,912 | €60,903 | -€35,009 | -36.5% |
| Amounts payable within one year | 42/48 | €95,912 | €60,903 | -€35,009 | -36.5% |
| Trade debts | 44 | €1,188 | €11,517 | +€10,329 | +869.5% |
| Suppliers | 440/4 | €1,188 | €11,517 | +€10,329 | +869.5% |
| Taxes, remuneration and social security | 45 | €79,035 | €26,534 | -€52,502 | -66.4% |
| Taxes | 450/3 | €17,541 | €3,699 | -€13,842 | -78.9% |
| Remuneration and social security | 454/9 | €61,494 | €22,835 | -€38,660 | -62.9% |
| Other amounts payable | 47/48 | €15,689 | €22,852 | +€7,163 | +45.7% |
| Remuneration, social security and pensions | 62 | €119,948 | €135,519 | +€15,571 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68 | €1,972 | +€1,903 | +2790.0% |
| Other operating charges | 640/8 | €1,860 | €1,318 | -€542 | -29.2% |
| Gross operating margin | 9900 | €126,707 | €112,917 | -€13,791 | -10.9% |
| Operating profit (loss) | 9901 | €4,831 | -€25,892 | -€30,723 | |
| Financial income | 75/76B | €11 | €1 | -€10 | -90.4% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -90.4% |
| Financial charges | 65/66B | €1,396 | €2,454 | +€1,058 | +75.8% |
| Recurring financial charges | 65 | €1,396 | €2,454 | +€1,058 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €3,446 | -€28,345 | -€31,791 | |
| Income taxes | 67/77 | €980 | -€1,557 | -€2,537 | |
| Profit (loss) for the period | 9904 | €2,466 | -€26,788 | -€29,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,466 | -€26,788 | -€29,254 |
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 8 October 2026 via checked.be.