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
- Receivables after one year +€56,500
new in 2025: €56,500
- Receivables within one year -€39,415
down €39,415 (-77.0%), from €51,207 to €11,792
of which Trade receivables: -€31,377
- Stocks and contracts +€13,133
up €13,133 (+155.5%), from €8,445 to €21,579
- Cash -€8,025
down €8,025 (-83.6%), from €9,596 to €1,571
mainly Receivables after one year (-€56,500) and Advances received (-€33,372)
- Deferred charges and accrued income +€5,775
up €5,775 (+1698.7%), from €340 to €6,115
- Profit (loss) carried forward +€37,322
up €37,322 (+36.5%), from €102,371 to €139,693
- Advances received -€33,372
no longer reported in 2025 (was €33,372)
- Other debts +€13,526
up €13,526 (+180.3%), from €7,500 to €21,026
- Tax, wage and social debts +€11,049
up €11,049 (+97.5%), from €11,329 to €22,378
of which Taxes: +€7,399
- Trade debts -€2,710
down €2,710 (-32.3%), from €8,392 to €5,682
- Gross operating margin +€42,430
up €42,430 (+90.1%), from €47,074 to €89,504
- Taxes +€7,334
up €7,334 (+142.6%), from €5,143 to €12,478
- Depreciation +€2,935
up €2,935 (+25.6%), from €11,463 to €14,398
- Financial income -€945
down €945 (-94.5%), from €1,000 to €55
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 | €178,564 | €202,380 | +€23,816 | +13.3% |
| Fixed assets | 21/28 | €108,975 | €104,822 | -€4,153 | -3.8% |
| Tangible fixed assets | 22/27 | €103,875 | €99,722 | -€4,153 | -4.0% |
| Land and buildings | 22 | €56,728 | €54,463 | -€2,266 | -4.0% |
| Furniture and vehicles | 24 | €19,217 | €14,830 | -€4,387 | -22.8% |
| Other tangible fixed assets | 26 | €27,929 | €30,429 | +€2,500 | +9.0% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €69,589 | €97,557 | +€27,969 | +40.2% |
| Amounts receivable after more than one year | 29 | - | €56,500 | +€56,500 | |
| Other amounts receivable | 291 | - | €56,500 | +€56,500 | |
| Stocks and contracts in progress | 3 | €8,445 | €21,579 | +€13,133 | +155.5% |
| Stocks | 30/36 | €8,445 | €21,579 | +€13,133 | +155.5% |
| Amounts receivable within one year | 40/41 | €51,207 | €11,792 | -€39,415 | -77.0% |
| Trade receivables | 40 | €31,385 | €9 | -€31,377 | -100.0% |
| Other amounts receivable | 41 | €19,822 | €11,784 | -€8,038 | -40.6% |
| Cash at bank and in hand | 54/58 | €9,596 | €1,571 | -€8,025 | -83.6% |
| Deferred charges and accrued income | 490/1 | €340 | €6,115 | +€5,775 | +1698.7% |
| Total equity and liabilities | 10/49 | €178,564 | €202,380 | +€23,816 | +13.3% |
| Equity | 10/15 | €115,971 | €153,293 | +€37,322 | +32.2% |
| Contributions | 10/11 | €11,700 | €11,700 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,371 | €139,693 | +€37,322 | +36.5% |
| Amounts payable | 17/49 | €62,593 | €49,086 | -€13,507 | -21.6% |
| Amounts payable within one year | 42/48 | €60,593 | €49,086 | -€11,507 | -19.0% |
| Trade debts | 44 | €8,392 | €5,682 | -€2,710 | -32.3% |
| Suppliers | 440/4 | €8,392 | €5,682 | -€2,710 | -32.3% |
| Advances received on contracts in progress | 46 | €33,372 | - | -€33,372 | |
| Taxes, remuneration and social security | 45 | €11,329 | €22,378 | +€11,049 | +97.5% |
| Taxes | 450/3 | €11,329 | €18,728 | +€7,399 | +65.3% |
| Remuneration and social security | 454/9 | - | €3,650 | +€3,650 | |
| Other amounts payable | 47/48 | €7,500 | €21,026 | +€13,526 | +180.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,463 | €14,398 | +€2,935 | +25.6% |
| Other operating charges | 640/8 | €6,066 | €5,236 | -€830 | -13.7% |
| Gross operating margin | 9900 | €47,074 | €89,504 | +€42,430 | +90.1% |
| Operating profit (loss) | 9901 | €29,545 | €69,870 | +€40,324 | +136.5% |
| Financial income | 75/76B | €1,000 | €55 | -€945 | -94.5% |
| Recurring financial income | 75 | €1,000 | €55 | -€945 | -94.5% |
| Financial charges | 65/66B | €237 | €125 | -€112 | -47.4% |
| Recurring financial charges | 65 | €237 | €125 | -€112 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €30,308 | €69,800 | +€39,492 | +130.3% |
| Income taxes | 67/77 | €5,143 | €12,478 | +€7,334 | +142.6% |
| Profit (loss) for the period | 9904 | €25,165 | €57,322 | +€32,157 | +127.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,165 | €57,322 | +€32,157 | +127.8% |
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.