GUSBIN MOTOR: 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.
GUSBIN MOTOR
Largest movements
- Current investments -€113,009
no longer reported in 2025 (was €113,009)
- Cash -€44,821
down €44,821 (-12.0%), from €374,768 to €329,947
mainly Other debts (-€105,042) and Contributions, distributions and other (-€63,061)
- Stocks and contracts -€32,930
down €32,930 (-24.3%), from €135,424 to €102,494
- Tangible fixed assets -€23,772
down €23,772 (-38.3%), from €62,138 to €38,366
of which Furniture and vehicles: -€15,601
- Receivables within one year +€22,472
up €22,472 (+37.5%), from €59,865 to €82,337
of which Trade receivables: +€26,999
- Other debts -€105,042
down €105,042 (-68.3%), from €153,733 to €48,690
- Trade debts -€52,550
down €52,550 (-90.1%), from €58,315 to €5,765
- Reserves -€51,746
down €51,746 (-22.8%), from €227,367 to €175,621
- Tax, wage and social debts +€8,439
up €8,439 (+47.9%), from €17,606 to €26,045
of which Taxes: +€11,685
- Write-downs +€33,796
new in 2025: €33,796
- Staff costs -€20,969
down €20,969 (-19.6%), from €106,829 to €85,860
- Financial charges -€10,063
down €10,063 (-10.5%), from €96,114 to €86,051
- Gross operating margin +€9,203
up €9,203 (+3.8%), from €241,584 to €250,787
- Other operating charges +€6,574
up €6,574 (+577%), from €1,139 to €7,713
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 | €771,588 | €567,688 | -€203,900 | -26.4% |
| Fixed assets | 21/28 | €62,652 | €38,880 | -€23,772 | -37.9% |
| Tangible fixed assets | 22/27 | €62,138 | €38,366 | -€23,772 | -38.3% |
| Plant, machinery and equipment | 23 | €10,157 | €5,731 | -€4,426 | -43.6% |
| Furniture and vehicles | 24 | €42,909 | €27,308 | -€15,601 | -36.4% |
| Other tangible fixed assets | 26 | €9,073 | €5,327 | -€3,745 | -41.3% |
| Financial fixed assets | 28 | €514 | €514 | = | 0.0% |
| Current assets | 29/58 | €708,936 | €528,808 | -€180,128 | -25.4% |
| Stocks and contracts in progress | 3 | €135,424 | €102,494 | -€32,930 | -24.3% |
| Stocks | 30/36 | €135,424 | €102,494 | -€32,930 | -24.3% |
| Amounts receivable within one year | 40/41 | €59,865 | €82,337 | +€22,472 | +37.5% |
| Trade receivables | 40 | €51,073 | €78,072 | +€26,999 | +52.9% |
| Other amounts receivable | 41 | €8,793 | €4,265 | -€4,527 | -51.5% |
| Current investments | 50/53 | €113,009 | - | -€113,009 | |
| Cash at bank and in hand | 54/58 | €374,768 | €329,947 | -€44,821 | -12.0% |
| Deferred charges and accrued income | 490/1 | €25,871 | €14,031 | -€11,841 | -45.8% |
| Total equity and liabilities | 10/49 | €771,588 | €567,688 | -€203,900 | -26.4% |
| Equity | 10/15 | €538,935 | €487,188 | -€51,746 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €227,367 | €175,621 | -€51,746 | -22.8% |
| Distributable reserves | 133 | €227,367 | €175,621 | -€51,746 | -22.8% |
| Profit (loss) carried forward | 14 | €292,968 | €292,968 | = | 0.0% |
| Amounts payable | 17/49 | €232,654 | €80,500 | -€152,154 | -65.4% |
| Amounts payable within one year | 42/48 | €229,654 | €80,500 | -€149,154 | -64.9% |
| Trade debts | 44 | €58,315 | €5,765 | -€52,550 | -90.1% |
| Suppliers | 440/4 | €58,315 | €5,765 | -€52,550 | -90.1% |
| Taxes, remuneration and social security | 45 | €17,606 | €26,045 | +€8,439 | +47.9% |
| Taxes | 450/3 | €9,391 | €21,076 | +€11,685 | +124% |
| Remuneration and social security | 454/9 | €8,215 | €4,969 | -€3,246 | -39.5% |
| Other amounts payable | 47/48 | €153,733 | €48,690 | -€105,042 | -68.3% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €106,829 | €85,860 | -€20,969 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,396 | €23,772 | +€3,376 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,796 | +€33,796 | |
| Other operating charges | 640/8 | €1,139 | €7,713 | +€6,574 | +577% |
| Gross operating margin | 9900 | €241,584 | €250,787 | +€9,203 | +3.8% |
| Operating profit (loss) | 9901 | €113,220 | €99,646 | -€13,574 | -12.0% |
| Financial income | 75/76B | - | €2,393 | +€2,393 | |
| Recurring financial income | 75 | - | €2,393 | +€2,393 | |
| Financial charges | 65/66B | €96,114 | €86,051 | -€10,063 | -10.5% |
| Recurring financial charges | 65 | €96,114 | €86,051 | -€10,063 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €17,106 | €15,987 | -€1,118 | -6.5% |
| Income taxes | 67/77 | €4,670 | €4,673 | +€3 | +0.1% |
| Profit (loss) for the period | 9904 | €12,436 | €11,315 | -€1,121 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,436 | €11,315 | -€1,121 | -9.0% |
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 29 October 2026 via checked.be.