GULI: 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.
GULI
Largest movements
- Tangible fixed assets -€12,707
down €12,707 (-30.2%), from €42,125 to €29,417
of which Other tangible fixed assets: -€8,532
- Cash -€8,851
down €8,851 (-30.9%), from €28,607 to €19,756
mainly Net result for the year (-€15,252) and Other debts (-€3,863)
- Deferred charges and accrued income -€1,037
down €1,037 (-70.8%), from €1,464 to €427
- Reserves -€15,252
down €15,252 (-33.6%), from €45,327 to €30,075
- Other debts -€3,863
down €3,863 (-100.0%), from €3,863 to €0
- Tax, wage and social debts -€2,263
down €2,263 (-31.2%), from €7,262 to €4,999
of which Taxes: -€1,861
- Trade debts -€1,822
down €1,822 (-13.8%), from €13,202 to €11,380
- Staff costs -€33,332
down €33,332 (-55.9%), from €59,667 to €26,335
- Gross operating margin -€10,210
down €10,210 (-27.3%), from €37,398 to €27,188
- Other operating charges +€1,636
up €1,636 (+156.0%), from €1,049 to €2,686
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 | €82,138 | €58,854 | -€23,284 | -28.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €42,125 | €29,417 | -€12,707 | -30.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €42,125 | €29,417 | -€12,707 | -30.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €12,788 | €8,613 | -€4,175 | -32.6% |
| Other tangible fixed assets | 26 | €29,336 | €20,804 | -€8,532 | -29.1% |
| Current assets | 29/58 | €40,014 | €29,437 | -€10,576 | -26.4% |
| Stocks and contracts in progress | 3 | €8,696 | €8,162 | -€534 | -6.1% |
| Stocks | 30/36 | €8,696 | €8,162 | -€534 | -6.1% |
| Amounts receivable within one year | 40/41 | €1,246 | €1,092 | -€154 | -12.4% |
| Trade receivables | 40 | €243 | €0 | -€243 | -100.0% |
| Other amounts receivable | 41 | €1,003 | €1,092 | +€89 | +8.9% |
| Cash at bank and in hand | 54/58 | €28,607 | €19,756 | -€8,851 | -30.9% |
| Deferred charges and accrued income | 490/1 | €1,464 | €427 | -€1,037 | -70.8% |
| Total equity and liabilities | 10/49 | €82,138 | €58,854 | -€23,284 | -28.3% |
| Equity | 10/15 | €57,727 | €42,475 | -€15,252 | -26.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,327 | €30,075 | -€15,252 | -33.6% |
| Distributable reserves | 133 | €45,327 | €30,075 | -€15,252 | -33.6% |
| Amounts payable | 17/49 | €24,411 | €16,379 | -€8,032 | -32.9% |
| Amounts payable after more than one year | 17 | €80 | €0 | -€80 | -100.0% |
| Trade debts | 175 | €80 | €0 | -€80 | -100.0% |
| Amounts payable within one year | 42/48 | €24,327 | €16,379 | -€7,948 | -32.7% |
| Trade debts | 44 | €13,202 | €11,380 | -€1,822 | -13.8% |
| Suppliers | 440/4 | €13,202 | €11,380 | -€1,822 | -13.8% |
| Taxes, remuneration and social security | 45 | €7,262 | €4,999 | -€2,263 | -31.2% |
| Taxes | 450/3 | €5,668 | €3,807 | -€1,861 | -32.8% |
| Remuneration and social security | 454/9 | €1,594 | €1,192 | -€402 | -25.2% |
| Other amounts payable | 47/48 | €3,863 | €0 | -€3,863 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4 | €0 | -€4 | -100.0% |
| Remuneration, social security and pensions | 62 | €59,667 | €26,335 | -€33,332 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,839 | €12,707 | -€132 | -1.0% |
| Other operating charges | 640/8 | €1,049 | €2,686 | +€1,636 | +156.0% |
| Gross operating margin | 9900 | €37,398 | €27,188 | -€10,210 | -27.3% |
| Operating profit (loss) | 9901 | -€36,158 | -€14,541 | +€21,617 | +59.8% |
| Financial income | 75/76B | €17 | €5 | -€12 | -72.1% |
| Recurring financial income | 75 | €17 | €5 | -€12 | -72.1% |
| Financial charges | 65/66B | €527 | €526 | -€1 | -0.2% |
| Recurring financial charges | 65 | €527 | €526 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,668 | -€15,062 | +€21,606 | +58.9% |
| Income taxes | 67/77 | €197 | €190 | -€7 | -3.7% |
| Profit (loss) for the period | 9904 | -€36,865 | -€15,252 | +€21,614 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,865 | -€15,252 | +€21,614 | +58.6% |
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 8 October 2026 via checked.be.