Gusteau: 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.
Gusteau
Largest movements
- Receivables within one year +€46,563
up €46,563 (+35.4%), from €131,482 to €178,045
of which Trade receivables: +€32,251
- Tangible fixed assets -€17,617
down €17,617 (-11.8%), from €148,987 to €131,370
of which Plant, machinery and equipment: -€13,475
- Stocks and contracts -€4,168
down €4,168 (-32.9%), from €12,672 to €8,504
- Tax, wage and social debts -€36,976
down €36,976 (-66.5%), from €55,595 to €18,620
of which Remuneration and social security: -€42,104
- Reserves +€25,650
up €25,650 (+46.1%), from €55,643 to €81,293
- Debts after one year +€16,421
up €16,421 (+95.0%), from €17,288 to €33,709
- Current portion of long-term debt +€9,310
up €9,310 (+1369.2%), from €680 to €9,990
- Trade debts +€5,942
up €5,942 (+5.1%), from €115,840 to €121,782
- Staff costs -€108,540
down €108,540 (-82.2%), from €131,998 to €23,458
- Gross operating margin -€87,353
down €87,353 (-51.5%), from €169,553 to €82,200
- Taxes +€5,339
up €5,339 (+273.5%), from €1,952 to €7,292
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 | €311,805 | €337,558 | +€25,754 | +8.3% |
| Fixed assets | 21/28 | €148,987 | €131,370 | -€17,617 | -11.8% |
| Tangible fixed assets | 22/27 | €148,987 | €131,370 | -€17,617 | -11.8% |
| Land and buildings | 22 | €2,798 | €6,266 | +€3,468 | +123.9% |
| Plant, machinery and equipment | 23 | €72,809 | €59,334 | -€13,475 | -18.5% |
| Furniture and vehicles | 24 | €10,772 | €9,332 | -€1,441 | -13.4% |
| Other tangible fixed assets | 26 | €62,608 | €56,438 | -€6,169 | -9.9% |
| Current assets | 29/58 | €162,818 | €206,189 | +€43,371 | +26.6% |
| Stocks and contracts in progress | 3 | €12,672 | €8,504 | -€4,168 | -32.9% |
| Stocks | 30/36 | €12,672 | €8,504 | -€4,168 | -32.9% |
| Amounts receivable within one year | 40/41 | €131,482 | €178,045 | +€46,563 | +35.4% |
| Trade receivables | 40 | €95,887 | €128,138 | +€32,251 | +33.6% |
| Other amounts receivable | 41 | €35,595 | €49,907 | +€14,312 | +40.2% |
| Cash at bank and in hand | 54/58 | €15,774 | €16,969 | +€1,194 | +7.6% |
| Deferred charges and accrued income | 490/1 | €2,889 | €2,671 | -€218 | -7.6% |
| Total equity and liabilities | 10/49 | €311,805 | €337,558 | +€25,754 | +8.3% |
| Equity | 10/15 | €59,643 | €85,293 | +€25,650 | +43.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €55,643 | €81,293 | +€25,650 | +46.1% |
| Distributable reserves | 133 | €55,643 | €81,293 | +€25,650 | +46.1% |
| Amounts payable | 17/49 | €252,162 | €252,265 | +€103 | 0.0% |
| Amounts payable after more than one year | 17 | €17,288 | €33,709 | +€16,421 | +95.0% |
| Financial debts | 170/4 | €17,288 | €33,709 | +€16,421 | +95.0% |
| Amounts payable within one year | 42/48 | €234,874 | €218,556 | -€16,318 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €680 | €9,990 | +€9,310 | +1369.2% |
| Trade debts | 44 | €115,840 | €121,782 | +€5,942 | +5.1% |
| Suppliers | 440/4 | €115,840 | €121,782 | +€5,942 | +5.1% |
| Advances received on contracts in progress | 46 | €4,030 | €4,030 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €55,595 | €18,620 | -€36,976 | -66.5% |
| Taxes | 450/3 | €2,093 | €7,221 | +€5,128 | +245.1% |
| Remuneration and social security | 454/9 | €53,503 | €11,399 | -€42,104 | -78.7% |
| Other amounts payable | 47/48 | €58,728 | €64,133 | +€5,405 | +9.2% |
| Remuneration, social security and pensions | 62 | €131,998 | €23,458 | -€108,540 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,288 | €22,331 | +€44 | +0.2% |
| Other operating charges | 640/8 | €1,142 | €1,232 | +€90 | +7.8% |
| Gross operating margin | 9900 | €169,553 | €82,200 | -€87,353 | -51.5% |
| Operating profit (loss) | 9901 | €14,125 | €35,179 | +€21,054 | +149.1% |
| Financial income | 75/76B | €46 | €50 | +€4 | +9.1% |
| Recurring financial income | 75 | €46 | €50 | +€4 | +9.1% |
| Financial charges | 65/66B | €2,138 | €2,287 | +€149 | +7.0% |
| Recurring financial charges | 65 | €2,138 | €2,287 | +€149 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €12,033 | €32,942 | +€20,909 | +173.8% |
| Income taxes | 67/77 | €1,952 | €7,292 | +€5,339 | +273.5% |
| Profit (loss) for the period | 9904 | €10,081 | €25,650 | +€15,570 | +154.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,081 | €25,650 | +€15,570 | +154.5% |
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 5 October 2026 via checked.be.