Gülten's: 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.
Gülten's
Largest movements
- Tangible fixed assets -€5,931
down €5,931 (-52.1%), from €11,381 to €5,449
of which Plant, machinery and equipment: -€4,088
- Stocks and contracts +€196
up €196 (+7.9%), from €2,490 to €2,685
- Profit (loss) carried forward -€7,818
down €7,818 (-33.7%), from -€23,172 to -€30,990
- Other debts +€2,549
up €2,549 (+14.3%), from €17,866 to €20,415
- Tax, wage and social debts -€494
down €494 (-45.1%), from €1,096 to €601
- Gross operating margin -€7,395
down €7,395 (-93.0%), from €7,952 to €557
- Other operating charges +€793
up €793 (+388%), from €204 to €997
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.
Derived cash bridge
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 | €16,414 | €10,696 | -€5,719 | -34.8% |
| Fixed assets | 21/28 | €11,381 | €5,449 | -€5,931 | -52.1% |
| Tangible fixed assets | 22/27 | €11,381 | €5,449 | -€5,931 | -52.1% |
| Plant, machinery and equipment | 23 | €6,338 | €2,250 | -€4,088 | -64.5% |
| Furniture and vehicles | 24 | €2,558 | €1,589 | -€970 | -37.9% |
| Other tangible fixed assets | 26 | €2,485 | €1,611 | -€873 | -35.2% |
| Current assets | 29/58 | €5,033 | €5,246 | +€213 | +4.2% |
| Stocks and contracts in progress | 3 | €2,490 | €2,685 | +€196 | +7.9% |
| Stocks | 30/36 | €2,490 | €2,685 | +€196 | +7.9% |
| Amounts receivable within one year | 40/41 | €1,748 | €1,633 | -€115 | -6.6% |
| Trade receivables | 40 | €1,748 | €1,633 | -€115 | -6.6% |
| Cash at bank and in hand | 54/58 | €796 | €928 | +€132 | +16.6% |
| Total equity and liabilities | 10/49 | €16,414 | €10,696 | -€5,719 | -34.8% |
| Equity | 10/15 | -€4,572 | -€12,390 | -€7,818 | -171% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,172 | -€30,990 | -€7,818 | -33.7% |
| Amounts payable | 17/49 | €20,987 | €23,086 | +€2,099 | +10.0% |
| Amounts payable within one year | 42/48 | €20,987 | €23,086 | +€2,099 | +10.0% |
| Trade debts | 44 | €2,025 | €2,070 | +€45 | +2.2% |
| Suppliers | 440/4 | €2,025 | €2,070 | +€45 | +2.2% |
| Taxes, remuneration and social security | 45 | €1,096 | €601 | -€494 | -45.1% |
| Taxes | 450/3 | €1,096 | €601 | -€494 | -45.1% |
| Other amounts payable | 47/48 | €17,866 | €20,415 | +€2,549 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,135 | €7,193 | +€57 | +0.8% |
| Other operating charges | 640/8 | €204 | €997 | +€793 | +388% |
| Gross operating margin | 9900 | €7,952 | €557 | -€7,395 | -93.0% |
| Operating profit (loss) | 9901 | €612 | -€7,632 | -€8,245 | |
| Financial charges | 65/66B | €123 | €186 | +€63 | +51.2% |
| Recurring financial charges | 65 | €123 | €186 | +€63 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €489 | -€7,818 | -€8,308 | |
| Profit (loss) for the period | 9904 | €489 | -€7,818 | -€8,308 | |
| Profit (loss) for the period to be appropriated | 9905 | €489 | -€7,818 | -€8,308 |
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 30 October 2026 via checked.be.