Guo: 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.
Guo
Largest movements
- Cash -€39,576
down €39,576 (-24.0%), from €165,129 to €125,553
mainly Other debts (-€66,216) and Contributions, distributions and other (-€56,824)
- Intangible fixed assets -€9,157
down €9,157 (-22.6%), from €40,444 to €31,287
- Receivables within one year -€6,755
down €6,755 (-48.7%), from €13,868 to €7,112
of which Trade receivables: -€7,976
- Stocks and contracts -€4,603
down €4,603 (-41.3%), from €11,154 to €6,551
- Tangible fixed assets -€4,119
down €4,119 (-2.8%), from €145,869 to €141,750
of which Plant, machinery and equipment: -€3,188
- Other debts -€66,216
down €66,216 (-88.0%), from €75,203 to €8,988
- Reserves +€61,539
up €61,539 (+65.8%), from €93,548 to €155,087
- Tax, wage and social debts -€19,064
down €19,064 (-64.8%), from €29,399 to €10,335
of which Taxes: -€14,890
- Trade debts -€18,896
down €18,896 (-79.3%), from €23,839 to €4,942
- Debts after one year -€17,515
down €17,515 (-16.9%), from €103,557 to €86,042
- Financial income +€4,753
up €4,753 (+4,523%), from €105 to €4,858
- Depreciation +€3,090
up €3,090 (+12.2%), from €25,311 to €28,402
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 | €384,385 | €322,918 | -€61,467 | -16.0% |
| Fixed assets | 21/28 | €193,141 | €180,080 | -€13,061 | -6.8% |
| Intangible fixed assets | 21 | €40,444 | €31,287 | -€9,157 | -22.6% |
| Tangible fixed assets | 22/27 | €145,869 | €141,750 | -€4,119 | -2.8% |
| Land and buildings | 22 | €22,737 | €21,040 | -€1,697 | -7.5% |
| Plant, machinery and equipment | 23 | €120,096 | €116,907 | -€3,188 | -2.7% |
| Furniture and vehicles | 24 | €3,036 | €3,802 | +€766 | +25.2% |
| Financial fixed assets | 28 | €6,829 | €7,043 | +€215 | +3.1% |
| Current assets | 29/58 | €191,244 | €142,838 | -€48,406 | -25.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €11,154 | €6,551 | -€4,603 | -41.3% |
| Stocks | 30/36 | €11,154 | €6,551 | -€4,603 | -41.3% |
| Amounts receivable within one year | 40/41 | €13,868 | €7,112 | -€6,755 | -48.7% |
| Trade receivables | 40 | €11,622 | €3,646 | -€7,976 | -68.6% |
| Other amounts receivable | 41 | €2,246 | €3,466 | +€1,221 | +54.4% |
| Cash at bank and in hand | 54/58 | €165,129 | €125,553 | -€39,576 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,093 | €3,622 | +€2,529 | +231% |
| Total equity and liabilities | 10/49 | €384,385 | €322,918 | -€61,467 | -16.0% |
| Equity | 10/15 | €133,548 | €195,087 | +€61,539 | +46.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €93,548 | €155,087 | +€61,539 | +65.8% |
| Distributable reserves | 133 | €93,548 | €155,087 | +€61,539 | +65.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €250,836 | €127,831 | -€123,006 | -49.0% |
| Amounts payable after more than one year | 17 | €103,557 | €86,042 | -€17,515 | -16.9% |
| Financial debts | 170/4 | €103,557 | €86,042 | -€17,515 | -16.9% |
| Amounts payable within one year | 42/48 | €147,255 | €41,780 | -€105,475 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €18,814 | €17,515 | -€1,299 | -6.9% |
| Trade debts | 44 | €23,839 | €4,942 | -€18,896 | -79.3% |
| Suppliers | 440/4 | €23,839 | €4,942 | -€18,896 | -79.3% |
| Taxes, remuneration and social security | 45 | €29,399 | €10,335 | -€19,064 | -64.8% |
| Taxes | 450/3 | €18,033 | €3,142 | -€14,890 | -82.6% |
| Remuneration and social security | 454/9 | €11,366 | €7,193 | -€4,173 | -36.7% |
| Other amounts payable | 47/48 | €75,203 | €8,988 | -€66,216 | -88.0% |
| Accrued charges and deferred income | 492/3 | €24 | €8 | -€16 | -66.7% |
| Remuneration, social security and pensions | 62 | €83,736 | €83,311 | -€425 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,311 | €28,402 | +€3,090 | +12.2% |
| Other operating charges | 640/8 | €874 | €862 | -€12 | -1.4% |
| Gross operating margin | 9900 | €268,059 | €268,617 | +€558 | +0.2% |
| Operating profit (loss) | 9901 | €158,137 | €156,043 | -€2,094 | -1.3% |
| Financial income | 75/76B | €105 | €4,858 | +€4,753 | +4,523% |
| Recurring financial income | 75 | €105 | €4,858 | +€4,753 | +4,523% |
| Financial charges | 65/66B | €8,652 | €8,720 | +€68 | +0.8% |
| Recurring financial charges | 65 | €8,652 | €8,720 | +€68 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €149,590 | €152,181 | +€2,591 | +1.7% |
| Income taxes | 67/77 | €32,754 | €33,818 | +€1,064 | +3.2% |
| Profit (loss) for the period | 9904 | €116,836 | €118,362 | +€1,527 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,836 | €118,362 | +€1,527 | +1.3% |
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 17 October 2026 via checked.be.