GURU: 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.
GURU
Largest movements
- Stocks and contracts +€50,327
up €50,327 (+200.6%), from €25,090 to €75,417
- Receivables within one year -€48,992
down €48,992 (-45.6%), from €107,329 to €58,337
- Cash -€33,429
down €33,429 (-86.7%), from €38,550 to €5,121
mainly Stocks and contracts (-€50,327) and Trade debts (-€34,917)
- Tangible fixed assets -€4,687
down €4,687 (-13.7%), from €34,310 to €29,622
of which Leasing and similar rights: -€4,117
- Trade debts -€34,917
down €34,917 (-58.8%), from €59,425 to €24,508
- Debts after one year -€5,656
down €5,656 (-53.0%), from €10,679 to €5,024
- Profit (loss) carried forward +€2,920
up €2,920 (+2.8%), from €104,970 to €107,890
- Turnover -€140,360
down €140,360 (-15.4%), from €908,593 to €768,233
- Purchases and services -€83,478
down €83,478 (-9.8%), from €848,847 to €765,369
- Gross operating margin -€51,133
down €51,133 (-72.2%), from €70,804 to €19,671
- Taxes -€12,485
down €12,485 (-94.5%), from €13,215 to €730
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 | €207,676 | €170,764 | -€36,911 | -17.8% |
| Fixed assets | 21/28 | €36,050 | €31,362 | -€4,687 | -13.0% |
| Tangible fixed assets | 22/27 | €34,310 | €29,622 | -€4,687 | -13.7% |
| Furniture and vehicles | 24 | €2,844 | €1,980 | -€864 | -30.4% |
| Leasing and similar rights | 25 | €11,714 | €7,597 | -€4,117 | -35.1% |
| Other tangible fixed assets | 26 | €19,751 | €20,045 | +€293 | +1.5% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €171,626 | €139,402 | -€32,224 | -18.8% |
| Stocks and contracts in progress | 3 | €25,090 | €75,417 | +€50,327 | +200.6% |
| Stocks | 30/36 | €25,090 | €75,417 | +€50,327 | +200.6% |
| Amounts receivable within one year | 40/41 | €107,329 | €58,337 | -€48,992 | -45.6% |
| Other amounts receivable | 41 | €107,329 | €58,337 | -€48,992 | -45.6% |
| Cash at bank and in hand | 54/58 | €38,550 | €5,121 | -€33,429 | -86.7% |
| Deferred charges and accrued income | 490/1 | €657 | €527 | -€130 | -19.8% |
| Total equity and liabilities | 10/49 | €207,676 | €170,764 | -€36,911 | -17.8% |
| Equity | 10/15 | €113,030 | €115,950 | +€2,920 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,970 | €107,890 | +€2,920 | +2.8% |
| Amounts payable | 17/49 | €94,646 | €54,814 | -€39,832 | -42.1% |
| Amounts payable after more than one year | 17 | €10,679 | €5,024 | -€5,656 | -53.0% |
| Financial debts | 170/4 | €10,679 | €5,024 | -€5,656 | -53.0% |
| Amounts payable within one year | 42/48 | €83,966 | €49,790 | -€34,176 | -40.7% |
| Trade debts | 44 | €59,425 | €24,508 | -€34,917 | -58.8% |
| Suppliers | 440/4 | €59,425 | €24,508 | -€34,917 | -58.8% |
| Taxes, remuneration and social security | 45 | €24,541 | €25,282 | +€741 | +3.0% |
| Taxes | 450/3 | €24,541 | €25,270 | +€729 | +3.0% |
| Remuneration and social security | 454/9 | - | €12 | +€12 | |
| Turnover | 70 | €908,593 | €768,233 | -€140,360 | -15.4% |
| Non-recurring operating income | 76A | - | €632 | +€632 | |
| Goods, raw materials, services and sundry goods | 60/61 | €848,847 | €765,369 | -€83,478 | -9.8% |
| Remuneration, social security and pensions | 62 | €323 | €237 | -€85 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,142 | €8,907 | -€2,235 | -20.1% |
| Other operating charges | 640/8 | €3,637 | €6,740 | +€3,103 | +85.3% |
| Gross operating margin | 9900 | €70,804 | €19,671 | -€51,133 | -72.2% |
| Operating profit (loss) | 9901 | €55,703 | €3,787 | -€51,916 | -93.2% |
| Financial charges | 65/66B | €2,901 | €136 | -€2,765 | -95.3% |
| Recurring financial charges | 65 | €2,901 | €136 | -€2,765 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €52,801 | €3,650 | -€49,151 | -93.1% |
| Income taxes | 67/77 | €13,215 | €730 | -€12,485 | -94.5% |
| Profit (loss) for the period | 9904 | €39,586 | €2,920 | -€36,666 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,586 | €2,920 | -€36,666 | -92.6% |
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 30 September 2026 via checked.be.