GUSTIN IT: 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.
GUSTIN IT
Largest movements
- Receivables within one year +€23,050
up €23,050 (+25.0%), from €92,056 to €115,106
of which Other amounts receivable: +€21,955
- Tangible fixed assets -€17,240
down €17,240 (-28.9%), from €59,749 to €42,509
- Cash +€16,812
up €16,812 (+17.4%), from €96,353 to €113,165
mainly Other debts (+€42,166) and Net result for the year (+€33,036)
- Other debts +€42,166
new in 2025: €42,166
- Reserves -€12,061
down €12,061 (-7.0%), from €171,178 to €159,117
of which Distributable reserves: -€12,061
- Debts after one year -€7,141
down €7,141 (-38.7%), from €18,458 to €11,316
- Gross operating margin -€5,566
down €5,566 (-7.0%), from €79,799 to €74,233
- Taxes -€3,180
down €3,180 (-15.8%), from €20,110 to €16,930
- Other operating charges +€2,572
up €2,572 (+392%), from €656 to €3,228
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 | €250,419 | €274,002 | +€23,583 | +9.4% |
| Fixed assets | 21/28 | €59,749 | €42,509 | -€17,240 | -28.9% |
| Tangible fixed assets | 22/27 | €59,749 | €42,509 | -€17,240 | -28.9% |
| Furniture and vehicles | 24 | €59,749 | €42,509 | -€17,240 | -28.9% |
| Current assets | 29/58 | €190,670 | €231,493 | +€40,823 | +21.4% |
| Amounts receivable within one year | 40/41 | €92,056 | €115,106 | +€23,050 | +25.0% |
| Trade receivables | 40 | €44,051 | €45,146 | +€1,095 | +2.5% |
| Other amounts receivable | 41 | €48,005 | €69,960 | +€21,955 | +45.7% |
| Cash at bank and in hand | 54/58 | €96,353 | €113,165 | +€16,812 | +17.4% |
| Deferred charges and accrued income | 490/1 | €2,260 | €3,221 | +€961 | +42.5% |
| Total equity and liabilities | 10/49 | €250,419 | €274,002 | +€23,583 | +9.4% |
| Equity | 10/15 | €199,172 | €187,111 | -€12,061 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €171,178 | €159,117 | -€12,061 | -7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €169,318 | €157,257 | -€12,061 | -7.1% |
| Profit (loss) carried forward | 14 | €21,794 | €21,794 | = | 0.0% |
| Amounts payable | 17/49 | €51,247 | €86,891 | +€35,644 | +69.6% |
| Amounts payable after more than one year | 17 | €18,458 | €11,316 | -€7,141 | -38.7% |
| Financial debts | 170/4 | €18,458 | €11,316 | -€7,141 | -38.7% |
| Amounts payable within one year | 42/48 | €32,722 | €75,472 | +€42,750 | +131% |
| Current portion of amounts payable after more than one year | 42 | €6,835 | €7,141 | +€306 | +4.5% |
| Trade debts | 44 | €105 | €54 | -€51 | -48.3% |
| Suppliers | 440/4 | €105 | €54 | -€51 | -48.3% |
| Taxes, remuneration and social security | 45 | €25,782 | €26,111 | +€328 | +1.3% |
| Taxes | 450/3 | €22,901 | €25,966 | +€3,064 | +13.4% |
| Remuneration and social security | 454/9 | €2,881 | €145 | -€2,736 | -95.0% |
| Other amounts payable | 47/48 | - | €42,166 | +€42,166 | |
| Accrued charges and deferred income | 492/3 | €68 | €103 | +€36 | +52.6% |
| Remuneration, social security and pensions | 62 | €5,619 | €5,619 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,240 | €17,240 | = | 0.0% |
| Other operating charges | 640/8 | €656 | €3,228 | +€2,572 | +392% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €79,799 | €74,233 | -€5,566 | -7.0% |
| Operating profit (loss) | 9901 | €56,284 | €48,047 | -€8,237 | -14.6% |
| Financial income | 75/76B | €2,995 | €3,064 | +€69 | +2.3% |
| Recurring financial income | 75 | €2,995 | €3,064 | +€69 | +2.3% |
| Financial charges | 65/66B | €1,432 | €1,145 | -€287 | -20.0% |
| Recurring financial charges | 65 | €1,432 | €1,145 | -€287 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €57,847 | €49,966 | -€7,881 | -13.6% |
| Income taxes | 67/77 | €20,110 | €16,930 | -€3,180 | -15.8% |
| Profit (loss) for the period | 9904 | €37,738 | €33,036 | -€4,702 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,738 | €33,036 | -€4,702 | -12.5% |
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 14 October 2026 via checked.be.