GUSJ.: 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.
GUSJ.
Largest movements
- Tangible fixed assets +€141,464
up €141,464 (+299.0%), from €47,312 to €188,776
of which Furniture and vehicles: +€145,381
- Receivables within one year -€69,960
down €69,960 (-56.0%), from €124,840 to €54,880
- Cash -€66,327
down €66,327 (-56.9%), from €116,502 to €50,176
mainly Investment in fixed assets (net) (-€173,118) and Other debts (-€22,500)
- Other debts -€22,500
down €22,500 (-44.9%), from €50,141 to €27,641
- Profit (loss) carried forward +€15,948
up €15,948, from -€15,948 to €0
- Reserves +€7,368
up €7,368 (+3.0%), from €245,076 to €252,444
- Trade debts +€3,313
up €3,313 (+510.4%), from €649 to €3,962
- Depreciation +€27,715
up €27,715 (+703.6%), from €3,939 to €31,654
- Gross operating margin +€26,935
up €26,935 (+92.9%), from €28,985 to €55,920
- Taxes -€17,836
down €17,836 (-100.0%), from €17,836 to €0
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 | €288,654 | €294,291 | +€5,637 | +2.0% |
| Fixed assets | 21/28 | €47,312 | €188,776 | +€141,464 | +299.0% |
| Tangible fixed assets | 22/27 | €47,312 | €188,776 | +€141,464 | +299.0% |
| Furniture and vehicles | 24 | €308 | €145,689 | +€145,381 | +47189.4% |
| Other tangible fixed assets | 26 | €47,004 | €43,087 | -€3,917 | -8.3% |
| Current assets | 29/58 | €241,342 | €105,515 | -€135,827 | -56.3% |
| Amounts receivable within one year | 40/41 | €124,840 | €54,880 | -€69,960 | -56.0% |
| Trade receivables | 40 | €124,840 | €54,880 | -€69,960 | -56.0% |
| Cash at bank and in hand | 54/58 | €116,502 | €50,176 | -€66,327 | -56.9% |
| Deferred charges and accrued income | 490/1 | - | €459 | +€459 | |
| Total equity and liabilities | 10/49 | €288,654 | €294,291 | +€5,637 | +2.0% |
| Equity | 10/15 | €237,183 | €260,499 | +€23,316 | +9.8% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €245,076 | €252,444 | +€7,368 | +3.0% |
| Distributable reserves | 133 | €245,076 | €252,444 | +€7,368 | +3.0% |
| Profit (loss) carried forward | 14 | -€15,948 | €0 | +€15,948 | |
| Amounts payable | 17/49 | €51,471 | €33,792 | -€17,679 | -34.3% |
| Amounts payable within one year | 42/48 | €51,471 | €33,792 | -€17,679 | -34.3% |
| Trade debts | 44 | €649 | €3,962 | +€3,313 | +510.4% |
| Suppliers | 440/4 | €649 | €3,962 | +€3,313 | +510.4% |
| Taxes, remuneration and social security | 45 | €681 | €2,189 | +€1,508 | +221.5% |
| Taxes | 450/3 | €681 | €2,189 | +€1,508 | +221.5% |
| Other amounts payable | 47/48 | €50,141 | €27,641 | -€22,500 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,939 | €31,654 | +€27,715 | +703.6% |
| Other operating charges | 640/8 | €505 | €866 | +€361 | +71.4% |
| Gross operating margin | 9900 | €28,985 | €55,920 | +€26,935 | +92.9% |
| Operating profit (loss) | 9901 | €24,540 | €23,401 | -€1,140 | -4.6% |
| Financial charges | 65/66B | €477 | €85 | -€392 | -82.2% |
| Recurring financial charges | 65 | €477 | €85 | -€392 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €24,064 | €23,316 | -€748 | -3.1% |
| Income taxes | 67/77 | €17,836 | €0 | -€17,836 | -100.0% |
| Profit (loss) for the period | 9904 | €6,227 | €23,316 | +€17,088 | +274.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,227 | €23,316 | +€17,088 | +274.4% |
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 6 October 2026 via checked.be.