GUMA - CABALLO: 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.
GUMA - CABALLO
Largest movements
- Stocks and contracts +€155,000
up €155,000 (+56.4%), from €275,000 to €430,000
- Receivables within one year +€13,981
up €13,981 (+17.4%), from €80,495 to €94,476
of which Other amounts receivable: +€7,391
- Cash -€8,580
down €8,580 (-92.9%), from €9,235 to €655
mainly Stocks and contracts (-€155,000) and Receivables within one year (-€13,981)
- Debts after one year +€73,879
new in 2025: €73,879
- Current portion of long-term debt +€40,000
new in 2025: €40,000
- Trade debts +€23,527
new in 2025: €23,527
- Other debts +€15,385
up €15,385 (+3.8%), from €407,263 to €422,648
- Gross operating margin +€8,219
up €8,219 (+64.4%), from €12,758 to €20,977
- Financial charges +€3,994
up €3,994 (+2,377%), from €168 to €4,162
- Depreciation +€1,767
up €1,767 (+29.6%), from €5,967 to €7,734
- Taxes +€728
up €728 (+26.0%), from €2,804 to €3,532
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 | €429,156 | €585,906 | +€156,750 | +36.5% |
| Fixed assets | 21/28 | €30,129 | €26,478 | -€3,651 | -12.1% |
| Tangible fixed assets | 22/27 | €30,129 | €26,478 | -€3,651 | -12.1% |
| Plant, machinery and equipment | 23 | €30,129 | €26,478 | -€3,651 | -12.1% |
| Current assets | 29/58 | €399,027 | €559,428 | +€160,401 | +40.2% |
| Stocks and contracts in progress | 3 | €275,000 | €430,000 | +€155,000 | +56.4% |
| Stocks | 30/36 | €275,000 | €430,000 | +€155,000 | +56.4% |
| Amounts receivable within one year | 40/41 | €80,495 | €94,476 | +€13,981 | +17.4% |
| Trade receivables | 40 | €80,495 | €87,085 | +€6,590 | +8.2% |
| Other amounts receivable | 41 | - | €7,391 | +€7,391 | |
| Cash at bank and in hand | 54/58 | €9,235 | €655 | -€8,580 | -92.9% |
| Deferred charges and accrued income | 490/1 | €34,297 | €34,297 | = | 0.0% |
| Total equity and liabilities | 10/49 | €429,156 | €585,906 | +€156,750 | +36.5% |
| Equity | 10/15 | €17,799 | €23,300 | +€5,501 | +30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €4,700 | +€4,700 | |
| Distributable reserves | 133 | - | €4,700 | +€4,700 | |
| Profit (loss) carried forward | 14 | -€801 | - | +€801 | |
| Amounts payable | 17/49 | €411,357 | €562,606 | +€151,249 | +36.8% |
| Amounts payable after more than one year | 17 | - | €73,879 | +€73,879 | |
| Financial debts | 170/4 | - | €73,879 | +€73,879 | |
| Amounts payable within one year | 42/48 | €411,357 | €488,727 | +€77,370 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | - | €23,527 | +€23,527 | |
| Suppliers | 440/4 | - | €23,527 | +€23,527 | |
| Taxes, remuneration and social security | 45 | €4,094 | €2,552 | -€1,542 | -37.7% |
| Taxes | 450/3 | €4,094 | €2,552 | -€1,542 | -37.7% |
| Other amounts payable | 47/48 | €407,263 | €422,648 | +€15,385 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,967 | €7,734 | +€1,767 | +29.6% |
| Other operating charges | 640/8 | €272 | €144 | -€128 | -47.1% |
| Gross operating margin | 9900 | €12,758 | €20,977 | +€8,219 | +64.4% |
| Operating profit (loss) | 9901 | €6,519 | €13,099 | +€6,580 | +101% |
| Financial income | 75/76B | €1 | €96 | +€95 | +9,500% |
| Recurring financial income | 75 | €1 | €96 | +€95 | +9,500% |
| Financial charges | 65/66B | €168 | €4,162 | +€3,994 | +2,377% |
| Recurring financial charges | 65 | €168 | €4,162 | +€3,994 | +2,377% |
| Profit (loss) for the period before taxes | 9903 | €6,352 | €9,033 | +€2,681 | +42.2% |
| Income taxes | 67/77 | €2,804 | €3,532 | +€728 | +26.0% |
| Profit (loss) for the period | 9904 | €3,548 | €5,501 | +€1,953 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,548 | €5,501 | +€1,953 | +55.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.