GUSAJA: 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.
GUSAJA
Largest movements
- Cash +€27,995
up €27,995 (+142%), from €19,672 to €47,667
mainly Net result for the year (+€38,130) and Depreciation (+€22,844)
- Tangible fixed assets -€7,802
down €7,802 (-2.6%), from €296,775 to €288,974
of which Furniture and vehicles: -€13,639
- Reserves +€35,606
up €35,606 (+23.0%), from €154,633 to €190,239
- Debts after one year -€18,538
down €18,538 (-13.8%), from €134,165 to €115,628
of which Financial debts: -€18,038
- Gross operating margin +€21,772
up €21,772 (+34.0%), from €64,020 to €85,791
- Taxes +€5,848
up €5,848 (+64.2%), from €9,108 to €14,956
- Depreciation +€3,421
up €3,421 (+17.6%), from €19,423 to €22,844
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 | €337,455 | €358,797 | +€21,343 | +6.3% |
| Fixed assets | 21/28 | €296,965 | €289,164 | -€7,802 | -2.6% |
| Tangible fixed assets | 22/27 | €296,775 | €288,974 | -€7,802 | -2.6% |
| Land and buildings | 22 | €233,565 | €230,697 | -€2,868 | -1.2% |
| Plant, machinery and equipment | 23 | €9,735 | €18,441 | +€8,706 | +89.4% |
| Furniture and vehicles | 24 | €53,475 | €39,836 | -€13,639 | -25.5% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €40,489 | €69,633 | +€29,144 | +72.0% |
| Amounts receivable within one year | 40/41 | €20,030 | €21,101 | +€1,072 | +5.4% |
| Trade receivables | 40 | €13,305 | €8,935 | -€4,370 | -32.8% |
| Other amounts receivable | 41 | €6,724 | €12,166 | +€5,442 | +80.9% |
| Cash at bank and in hand | 54/58 | €19,672 | €47,667 | +€27,995 | +142% |
| Deferred charges and accrued income | 490/1 | €788 | €865 | +€77 | +9.8% |
| Total equity and liabilities | 10/49 | €337,455 | €358,797 | +€21,343 | +6.3% |
| Equity | 10/15 | €160,833 | €196,439 | +€35,606 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,633 | €190,239 | +€35,606 | +23.0% |
| Distributable reserves | 133 | €154,633 | €190,239 | +€35,606 | +23.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €176,622 | €162,358 | -€14,264 | -8.1% |
| Amounts payable after more than one year | 17 | €134,165 | €115,628 | -€18,538 | -13.8% |
| Financial debts | 170/4 | €133,665 | €115,628 | -€18,038 | -13.5% |
| Other amounts payable | 178/9 | €500 | - | -€500 | |
| Amounts payable within one year | 42/48 | €39,575 | €44,486 | +€4,912 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €18,231 | €18,538 | +€307 | +1.7% |
| Trade debts | 44 | €355 | €2,107 | +€1,751 | +493% |
| Suppliers | 440/4 | €355 | €2,107 | +€1,751 | +493% |
| Taxes, remuneration and social security | 45 | €12,403 | €14,846 | +€2,442 | +19.7% |
| Taxes | 450/3 | €10,003 | €12,446 | +€2,442 | +24.4% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €8,585 | €8,996 | +€411 | +4.8% |
| Accrued charges and deferred income | 492/3 | €2,882 | €2,244 | -€638 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,423 | €22,844 | +€3,421 | +17.6% |
| Other operating charges | 640/8 | €5,011 | €5,138 | +€127 | +2.5% |
| Gross operating margin | 9900 | €64,020 | €85,791 | +€21,772 | +34.0% |
| Operating profit (loss) | 9901 | €39,586 | €57,810 | +€18,224 | +46.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €5,009 | €4,723 | -€285 | -5.7% |
| Recurring financial charges | 65 | €5,009 | €4,723 | -€285 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €34,578 | €53,087 | +€18,509 | +53.5% |
| Income taxes | 67/77 | €9,108 | €14,956 | +€5,848 | +64.2% |
| Profit (loss) for the period | 9904 | €25,470 | €38,130 | +€12,661 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,470 | €38,130 | +€12,661 | +49.7% |
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 18 October 2026 via checked.be.