GÜLER 2016: 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.
GÜLER 2016
Largest movements
- Receivables within one year +€50,945
up €50,945 (+71.2%), from €71,525 to €122,470
of which Other amounts receivable: +€31,976
- Cash -€5,280
down €5,280 (-43.9%), from €12,034 to €6,754
mainly Receivables within one year (-€50,945) and Investment in fixed assets (net) (-€360)
- Tangible fixed assets -€4,437
down €4,437 (-39.5%), from €11,231 to €6,793
of which Plant, machinery and equipment: -€2,378
- Deferred charges and accrued income -€3,234
no longer reported in 2025 (was €3,234)
- Trade debts +€18,354
up €18,354 (+68.7%), from €26,715 to €45,069
- Tax, wage and social debts +€11,245
up €11,245 (+18.7%), from €60,126 to €71,371
of which Remuneration and social security: +€6,040
- Profit (loss) carried forward +€8,564
up €8,564, from -€6,669 to €1,895
- Staff costs +€19,554
up €19,554 (+17.5%), from €111,538 to €131,092
- Gross operating margin +€6,398
up €6,398 (+4.5%), from €140,849 to €147,246
- Other operating charges -€4,175
down €4,175 (-86.7%), from €4,817 to €642
- Taxes -€3,129
down €3,129 (-57.4%), from €5,454 to €2,325
- Financial charges -€2,176
down €2,176 (-92.1%), from €2,362 to €186
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 | €100,172 | €138,335 | +€38,163 | +38.1% |
| Fixed assets | 21/28 | €11,231 | €7,153 | -€4,077 | -36.3% |
| Tangible fixed assets | 22/27 | €11,231 | €6,793 | -€4,437 | -39.5% |
| Plant, machinery and equipment | 23 | €5,516 | €3,138 | -€2,378 | -43.1% |
| Furniture and vehicles | 24 | €5,715 | €3,655 | -€2,059 | -36.0% |
| Financial fixed assets | 28 | - | €360 | +€360 | |
| Current assets | 29/58 | €88,941 | €131,182 | +€42,240 | +47.5% |
| Stocks and contracts in progress | 3 | €2,148 | €1,958 | -€190 | -8.9% |
| Stocks | 30/36 | €2,148 | €1,958 | -€190 | -8.9% |
| Amounts receivable within one year | 40/41 | €71,525 | €122,470 | +€50,945 | +71.2% |
| Trade receivables | 40 | - | €18,969 | +€18,969 | |
| Other amounts receivable | 41 | €71,525 | €103,501 | +€31,976 | +44.7% |
| Cash at bank and in hand | 54/58 | €12,034 | €6,754 | -€5,280 | -43.9% |
| Deferred charges and accrued income | 490/1 | €3,234 | - | -€3,234 | |
| Total equity and liabilities | 10/49 | €100,172 | €138,335 | +€38,163 | +38.1% |
| Equity | 10/15 | €13,331 | €21,895 | +€8,564 | +64.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,669 | €1,895 | +€8,564 | |
| Amounts payable | 17/49 | €86,841 | €116,440 | +€29,599 | +34.1% |
| Amounts payable within one year | 42/48 | €86,841 | €116,440 | +€29,599 | +34.1% |
| Trade debts | 44 | €26,715 | €45,069 | +€18,354 | +68.7% |
| Suppliers | 440/4 | €26,715 | €45,069 | +€18,354 | +68.7% |
| Taxes, remuneration and social security | 45 | €60,126 | €71,371 | +€11,245 | +18.7% |
| Taxes | 450/3 | €6,609 | €11,814 | +€5,206 | +78.8% |
| Remuneration and social security | 454/9 | €53,517 | €59,557 | +€6,040 | +11.3% |
| Non-recurring operating income | 76A | - | €6,737 | +€6,737 | |
| Remuneration, social security and pensions | 62 | €111,538 | €131,092 | +€19,554 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,137 | €4,437 | -€1,700 | -27.7% |
| Other operating charges | 640/8 | €4,817 | €642 | -€4,175 | -86.7% |
| Gross operating margin | 9900 | €140,849 | €147,246 | +€6,398 | +4.5% |
| Operating profit (loss) | 9901 | €18,357 | €11,075 | -€7,282 | -39.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,362 | €186 | -€2,176 | -92.1% |
| Recurring financial charges | 65 | €2,362 | €186 | -€2,176 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €15,994 | €10,889 | -€5,106 | -31.9% |
| Income taxes | 67/77 | €5,454 | €2,325 | -€3,129 | -57.4% |
| Profit (loss) for the period | 9904 | €10,540 | €8,564 | -€1,977 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,540 | €8,564 | -€1,977 | -18.8% |
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 10 October 2026 via checked.be.