GUPTESWOR: 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.
GUPTESWOR
Largest movements
- Tangible fixed assets +€127,597
up €127,597 (+6,818%), from €1,872 to €129,468
- Receivables within one year +€76,497
up €76,497 (+349%), from €21,949 to €98,446
- Cash -€65,340
down €65,340 (-61.4%), from €106,450 to €41,110
mainly Investment in fixed assets (net) (-€139,790) and Receivables within one year (-€76,497)
- Debts after one year +€75,424
new in 2025: €75,424
- Profit (loss) carried forward +€42,950
up €42,950 (+53.9%), from €79,634 to €122,583
- Current portion of long-term debt +€14,173
new in 2025: €14,173
- Trade debts +€6,548
up €6,548 (+56.3%), from €11,640 to €18,188
- Staff costs +€51,330
up €51,330 (+44.6%), from €115,000 to €166,330
- Gross operating margin +€15,402
up €15,402 (+6.9%), from €222,729 to €238,131
- Depreciation +€11,501
up €11,501 (+1,220%), from €943 to €12,443
- Taxes -€8,437
down €8,437 (-41.4%), from €20,378 to €11,941
- Other operating charges -€3,375
down €3,375 (-94.1%), from €3,585 to €210
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 | €138,978 | €277,658 | +€138,680 | +99.8% |
| Fixed assets | 21/28 | €4,057 | €131,404 | +€127,347 | +3,139% |
| Intangible fixed assets | 21 | €2,186 | €1,936 | -€250 | -11.4% |
| Tangible fixed assets | 22/27 | €1,872 | €129,468 | +€127,597 | +6,818% |
| Plant, machinery and equipment | 23 | €1,872 | €129,468 | +€127,597 | +6,818% |
| Current assets | 29/58 | €134,920 | €146,254 | +€11,334 | +8.4% |
| Stocks and contracts in progress | 3 | €6,521 | €6,698 | +€177 | +2.7% |
| Stocks | 30/36 | €6,521 | €6,698 | +€177 | +2.7% |
| Amounts receivable within one year | 40/41 | €21,949 | €98,446 | +€76,497 | +349% |
| Other amounts receivable | 41 | €21,949 | €98,446 | +€76,497 | +349% |
| Cash at bank and in hand | 54/58 | €106,450 | €41,110 | -€65,340 | -61.4% |
| Total equity and liabilities | 10/49 | €138,978 | €277,658 | +€138,680 | +99.8% |
| Equity | 10/15 | €96,134 | €139,083 | +€42,950 | +44.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,634 | €122,583 | +€42,950 | +53.9% |
| Amounts payable | 17/49 | €42,844 | €138,575 | +€95,731 | +223% |
| Amounts payable after more than one year | 17 | - | €75,424 | +€75,424 | |
| Financial debts | 170/4 | - | €75,424 | +€75,424 | |
| Amounts payable within one year | 42/48 | €42,844 | €63,151 | +€20,307 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | - | €14,173 | +€14,173 | |
| Trade debts | 44 | €11,640 | €18,188 | +€6,548 | +56.3% |
| Suppliers | 440/4 | €11,640 | €18,188 | +€6,548 | +56.3% |
| Taxes, remuneration and social security | 45 | €31,204 | €30,790 | -€414 | -1.3% |
| Taxes | 450/3 | €20,378 | €22,319 | +€1,941 | +9.5% |
| Remuneration and social security | 454/9 | €10,826 | €8,471 | -€2,355 | -21.8% |
| Remuneration, social security and pensions | 62 | €115,000 | €166,330 | +€51,330 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | €12,443 | +€11,501 | +1,220% |
| Other operating charges | 640/8 | €3,585 | €210 | -€3,375 | -94.1% |
| Non-recurring operating charges | 66A | - | €290 | +€290 | |
| Gross operating margin | 9900 | €222,729 | €238,131 | +€15,402 | +6.9% |
| Operating profit (loss) | 9901 | €103,202 | €58,858 | -€44,343 | -43.0% |
| Financial charges | 65/66B | €1,690 | €3,968 | +€2,278 | +135% |
| Recurring financial charges | 65 | €1,690 | €3,968 | +€2,278 | +135% |
| Profit (loss) for the period before taxes | 9903 | €101,512 | €54,890 | -€46,621 | -45.9% |
| Income taxes | 67/77 | €20,378 | €11,941 | -€8,437 | -41.4% |
| Profit (loss) for the period | 9904 | €81,134 | €42,950 | -€38,184 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,134 | €42,950 | -€38,184 | -47.1% |
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 25 October 2026 via checked.be.