GUMA: 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.
GUMA
Largest movements
- Stocks and contracts +€7,751
up €7,751 (+21.7%), from €35,705 to €43,456
- Receivables within one year +€7,403
up €7,403 (+36.8%), from €20,114 to €27,517
of which Other amounts receivable: +€7,403
- Tangible fixed assets -€1,636
down €1,636 (-19.6%), from €8,330 to €6,694
of which Furniture and vehicles: -€1,513
- Trade debts +€12,529
up €12,529 (+22.6%), from €55,501 to €68,030
- Short-term financial debts +€3,300
up €3,300 (+53.7%), from €6,150 to €9,449
- Tax, wage and social debts -€1,056
down €1,056 (-40.7%), from €2,593 to €1,537
of which Taxes: -€1,071
- Depreciation +€524
up €524 (+34.7%), from €1,511 to €2,034
- Taxes -€480
down €480 (-55.1%), from €871 to €391
- Gross operating margin -€429
down €429 (-7.3%), from €5,899 to €5,469
- Financial charges +€370
up €370 (+11.5%), from €3,224 to €3,594
- Financial income +€221
up €221 (+23.7%), from €930 to €1,151
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 | €83,390 | €97,970 | +€14,580 | +17.5% |
| Fixed assets | 21/28 | €8,980 | €7,344 | -€1,636 | -18.2% |
| Tangible fixed assets | 22/27 | €8,330 | €6,694 | -€1,636 | -19.6% |
| Plant, machinery and equipment | 23 | €2,016 | €1,893 | -€123 | -6.1% |
| Furniture and vehicles | 24 | €6,315 | €4,801 | -€1,513 | -24.0% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €74,410 | €90,626 | +€16,217 | +21.8% |
| Stocks and contracts in progress | 3 | €35,705 | €43,456 | +€7,751 | +21.7% |
| Stocks | 30/36 | €35,705 | €43,456 | +€7,751 | +21.7% |
| Amounts receivable within one year | 40/41 | €20,114 | €27,517 | +€7,403 | +36.8% |
| Trade receivables | 40 | €790 | €790 | = | 0.0% |
| Other amounts receivable | 41 | €19,324 | €26,727 | +€7,403 | +38.3% |
| Cash at bank and in hand | 54/58 | €17,676 | €18,652 | +€976 | +5.5% |
| Deferred charges and accrued income | 490/1 | €915 | €1,001 | +€86 | +9.4% |
| Total equity and liabilities | 10/49 | €83,390 | €97,970 | +€14,580 | +17.5% |
| Equity | 10/15 | €3,046 | €2,823 | -€223 | -7.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | - | -€40,000 | |
| Issued capital | 100 | €40,000 | - | -€40,000 | |
| Outside capital | 11 | - | €40,000 | +€40,000 | |
| Other | 1109/19 | - | €40,000 | +€40,000 | |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | €1,500 | - | -€1,500 | |
| Reserves not available under the articles | 1311 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | -€38,454 | -€38,677 | -€223 | -0.6% |
| Amounts payable | 17/49 | €80,345 | €95,148 | +€14,803 | +18.4% |
| Amounts payable after more than one year | 17 | €16,000 | €16,000 | = | 0.0% |
| Financial debts | 170/4 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,345 | €79,110 | +€14,766 | +22.9% |
| Financial debts | 43 | €6,150 | €9,449 | +€3,300 | +53.7% |
| Credit institutions | 430/8 | €6,150 | €9,449 | +€3,300 | +53.7% |
| Trade debts | 44 | €55,501 | €68,030 | +€12,529 | +22.6% |
| Suppliers | 440/4 | €55,501 | €68,030 | +€12,529 | +22.6% |
| Taxes, remuneration and social security | 45 | €2,593 | €1,537 | -€1,056 | -40.7% |
| Taxes | 450/3 | €2,171 | €1,100 | -€1,071 | -49.3% |
| Remuneration and social security | 454/9 | €422 | €436 | +€14 | +3.3% |
| Other amounts payable | 47/48 | €100 | €94 | -€6 | -6.0% |
| Accrued charges and deferred income | 492/3 | - | €38 | +€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,511 | €2,034 | +€524 | +34.7% |
| Other operating charges | 640/8 | €732 | €824 | +€92 | +12.5% |
| Gross operating margin | 9900 | €5,899 | €5,469 | -€429 | -7.3% |
| Operating profit (loss) | 9901 | €3,656 | €2,611 | -€1,045 | -28.6% |
| Financial income | 75/76B | €930 | €1,151 | +€221 | +23.7% |
| Recurring financial income | 75 | €930 | €1,151 | +€221 | +23.7% |
| Financial charges | 65/66B | €3,224 | €3,594 | +€370 | +11.5% |
| Recurring financial charges | 65 | €3,224 | €3,594 | +€370 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €1,362 | €168 | -€1,194 | -87.7% |
| Income taxes | 67/77 | €871 | €391 | -€480 | -55.1% |
| Profit (loss) for the period | 9904 | €491 | -€223 | -€714 | |
| Profit (loss) for the period to be appropriated | 9905 | €491 | -€223 | -€714 |
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 29 September 2026 via checked.be.