GUST CP: 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.
GUST CP
Largest movements
- Cash -€72,002
down €72,002 (-37.3%), from €193,014 to €121,012
mainly Contributions, distributions and other (-€570,000) and Net result for the year (-€70,616)
- Profit (loss) carried forward -€640,616
down €640,616 (-99.5%), from €643,716 to €3,100
- Other debts +€568,439
up €568,439 (+7,981%), from €7,123 to €575,561
- Gross operating margin +€48,058
up €48,058 (+56.7%), from -€84,709 to -€36,650
- Depreciation +€7,676
up €7,676 (+35.1%), from €21,864 to €29,540
- Financial charges -€1,482
down €1,482 (-76.6%), from €1,936 to €454
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 | €673,983 | €601,129 | -€72,854 | -10.8% |
| Fixed assets | 21/28 | €473,671 | €478,103 | +€4,432 | +0.9% |
| Tangible fixed assets | 22/27 | €472,421 | €476,853 | +€4,432 | +0.9% |
| Land and buildings | 22 | €434,147 | €425,723 | -€8,424 | -1.9% |
| Plant, machinery and equipment | 23 | €3,041 | €1,515 | -€1,526 | -50.2% |
| Furniture and vehicles | 24 | €34,903 | €49,450 | +€14,547 | +41.7% |
| Other tangible fixed assets | 26 | €330 | €165 | -€165 | -50.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €200,311 | €123,026 | -€77,285 | -38.6% |
| Amounts receivable within one year | 40/41 | €7,154 | €1,407 | -€5,748 | -80.3% |
| Trade receivables | 40 | €4,400 | €0 | -€4,400 | -100% |
| Other amounts receivable | 41 | €2,754 | €1,407 | -€1,347 | -48.9% |
| Cash at bank and in hand | 54/58 | €193,014 | €121,012 | -€72,002 | -37.3% |
| Deferred charges and accrued income | 490/1 | €143 | €607 | +€464 | +324% |
| Total equity and liabilities | 10/49 | €673,983 | €601,129 | -€72,854 | -10.8% |
| Equity | 10/15 | €664,176 | €23,560 | -€640,616 | -96.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €643,716 | €3,100 | -€640,616 | -99.5% |
| Amounts payable | 17/49 | €9,806 | €577,569 | +€567,763 | +5,790% |
| Amounts payable within one year | 42/48 | €9,806 | €577,569 | +€567,763 | +5,790% |
| Financial debts | 43 | €161 | €24 | -€137 | -85.1% |
| Credit institutions | 430/8 | €161 | €24 | -€137 | -85.1% |
| Trade debts | 44 | €758 | €484 | -€274 | -36.2% |
| Suppliers | 440/4 | €758 | €484 | -€274 | -36.2% |
| Taxes, remuneration and social security | 45 | €1,764 | €1,500 | -€264 | -15.0% |
| Taxes | 450/3 | €1,764 | €1,500 | -€264 | -15.0% |
| Other amounts payable | 47/48 | €7,123 | €575,561 | +€568,439 | +7,981% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,864 | €29,540 | +€7,676 | +35.1% |
| Other operating charges | 640/8 | €2,801 | €3,183 | +€382 | +13.6% |
| Gross operating margin | 9900 | -€84,709 | -€36,650 | +€48,058 | +56.7% |
| Operating profit (loss) | 9901 | -€109,874 | -€69,873 | +€40,001 | +36.4% |
| Financial income | 75/76B | €162 | €0 | -€162 | -100% |
| Recurring financial income | 75 | €162 | €0 | -€162 | -100% |
| Financial charges | 65/66B | €1,936 | €454 | -€1,482 | -76.6% |
| Recurring financial charges | 65 | €1,936 | €454 | -€1,482 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | -€111,648 | -€70,327 | +€41,321 | +37.0% |
| Income taxes | 67/77 | €264 | €290 | +€25 | +9.6% |
| Profit (loss) for the period | 9904 | -€111,912 | -€70,616 | +€41,296 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€111,912 | -€70,616 | +€41,296 | +36.9% |
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 16 October 2026 via checked.be.