GUST & LEONIE: 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 & LEONIE
Largest movements
- Stocks and contracts -€19,525
down €19,525 (-13.2%), from €148,136 to €128,611
- Receivables within one year -€8,429
no longer reported in 2025 (was €8,429)
- Other debts -€24,568
down €24,568 (-11.7%), from €210,259 to €185,691
- Profit (loss) carried forward -€8,650
down €8,650 (-9.1%), from -€94,840 to -€103,489
- Tax, wage and social debts +€3,867
up €3,867 (+11.2%), from €34,668 to €38,535
- Gross operating margin -€16,283
down €16,283, from €10,429 to -€5,854
- Financial charges -€1,682
down €1,682 (-88.7%), from €1,896 to €214
- Depreciation -€226
down €226 (-13.0%), from €1,743 to €1,517
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 | €158,429 | €129,106 | -€29,323 | -18.5% |
| Fixed assets | 21/28 | €1,517 | - | -€1,517 | |
| Tangible fixed assets | 22/27 | €1,517 | - | -€1,517 | |
| Plant, machinery and equipment | 23 | €1,517 | - | -€1,517 | |
| Current assets | 29/58 | €156,912 | €129,106 | -€27,806 | -17.7% |
| Stocks and contracts in progress | 3 | €148,136 | €128,611 | -€19,525 | -13.2% |
| Stocks | 30/36 | €148,136 | €128,611 | -€19,525 | -13.2% |
| Amounts receivable within one year | 40/41 | €8,429 | - | -€8,429 | |
| Other amounts receivable | 41 | €8,429 | - | -€8,429 | |
| Cash at bank and in hand | 54/58 | €347 | €495 | +€148 | +42.6% |
| Total equity and liabilities | 10/49 | €158,429 | €129,106 | -€29,323 | -18.5% |
| Equity | 10/15 | -€86,780 | -€95,429 | -€8,650 | -10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,840 | -€103,489 | -€8,650 | -9.1% |
| Amounts payable | 17/49 | €245,208 | €224,535 | -€20,673 | -8.4% |
| Amounts payable within one year | 42/48 | €245,208 | €224,535 | -€20,673 | -8.4% |
| Trade debts | 44 | €281 | €310 | +€28 | +10.1% |
| Suppliers | 440/4 | €281 | €310 | +€28 | +10.1% |
| Taxes, remuneration and social security | 45 | €34,668 | €38,535 | +€3,867 | +11.2% |
| Taxes | 450/3 | €34,668 | €38,535 | +€3,867 | +11.2% |
| Other amounts payable | 47/48 | €210,259 | €185,691 | -€24,568 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | €1,517 | -€226 | -13.0% |
| Other operating charges | 640/8 | €1,141 | €1,065 | -€76 | -6.7% |
| Gross operating margin | 9900 | €10,429 | -€5,854 | -€16,283 | |
| Operating profit (loss) | 9901 | €7,545 | -€8,435 | -€15,981 | |
| Financial charges | 65/66B | €1,896 | €214 | -€1,682 | -88.7% |
| Recurring financial charges | 65 | €1,896 | €214 | -€1,682 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €5,649 | -€8,650 | -€14,299 | |
| Profit (loss) for the period | 9904 | €5,649 | -€8,650 | -€14,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,649 | -€8,650 | -€14,299 |
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 26 October 2026 via checked.be.