GUSTING: 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.
GUSTING
Largest movements
- Tangible fixed assets +€60,546
up €60,546 (+86.9%), from €69,653 to €130,199
of which Land and buildings: +€44,520
- Cash +€10,276
up €10,276 (+24.3%), from €42,306 to €52,582
mainly Net result for the year (+€53,118) and Debts after one year (+€28,041)
- Receivables within one year -€2,195
down €2,195 (-5.9%), from €37,168 to €34,974
of which Other amounts receivable: -€2,788
- Reserves +€29,518
up €29,518 (+27.6%), from €106,880 to €136,399
- Debts after one year +€28,041
new in 2025: €28,041
- Accrued charges and deferred income -€19,524
no longer reported in 2025 (was €19,524)
- Current portion of long-term debt +€12,168
new in 2025: €12,168
- Short-term financial debts +€7,571
new in 2025: €7,571
- Depreciation +€14,370
up €14,370 (+292.7%), from €4,909 to €19,280
- Financial income -€8,039
down €8,039 (-84.0%), from €9,576 to €1,537
- Gross operating margin -€2,155
down €2,155 (-2.1%), from €101,373 to €99,217
- Financial charges +€1,360
up €1,360 (+47.1%), from €2,885 to €4,245
- Taxes -€1,068
down €1,068 (-4.5%), from €23,706 to €22,638
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 | €150,161 | €217,755 | +€67,593 | +45.0% |
| Fixed assets | 21/28 | €69,653 | €130,199 | +€60,546 | +86.9% |
| Tangible fixed assets | 22/27 | €69,653 | €130,199 | +€60,546 | +86.9% |
| Land and buildings | 22 | €50,019 | €94,539 | +€44,520 | +89.0% |
| Plant, machinery and equipment | 23 | €8,397 | €7,293 | -€1,104 | -13.1% |
| Furniture and vehicles | 24 | €11,237 | €28,367 | +€17,130 | +152.4% |
| Current assets | 29/58 | €80,508 | €87,555 | +€7,047 | +8.8% |
| Amounts receivable within one year | 40/41 | €37,168 | €34,974 | -€2,195 | -5.9% |
| Trade receivables | 40 | €29,536 | €30,129 | +€593 | +2.0% |
| Other amounts receivable | 41 | €7,632 | €4,845 | -€2,788 | -36.5% |
| Cash at bank and in hand | 54/58 | €42,306 | €52,582 | +€10,276 | +24.3% |
| Deferred charges and accrued income | 490/1 | €1,034 | - | -€1,034 | |
| Total equity and liabilities | 10/49 | €150,161 | €217,755 | +€67,593 | +45.0% |
| Equity | 10/15 | €109,880 | €139,399 | +€29,518 | +26.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €106,880 | €136,399 | +€29,518 | +27.6% |
| Distributable reserves | 133 | €106,880 | €136,399 | +€29,518 | +27.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,281 | €78,356 | +€38,075 | +94.5% |
| Amounts payable after more than one year | 17 | - | €28,041 | +€28,041 | |
| Financial debts | 170/4 | - | €28,041 | +€28,041 | |
| Amounts payable within one year | 42/48 | €20,757 | €50,315 | +€29,557 | +142.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,168 | +€12,168 | |
| Financial debts | 43 | - | €7,571 | +€7,571 | |
| Credit institutions | 430/8 | - | €7,571 | +€7,571 | |
| Trade debts | 44 | €6,307 | €10,128 | +€3,821 | +60.6% |
| Suppliers | 440/4 | €6,307 | €10,128 | +€3,821 | +60.6% |
| Taxes, remuneration and social security | 45 | €14,450 | €20,448 | +€5,998 | +41.5% |
| Taxes | 450/3 | €14,450 | €20,448 | +€5,998 | +41.5% |
| Accrued charges and deferred income | 492/3 | €19,524 | - | -€19,524 | |
| Non-recurring operating income | 76A | - | €667 | +€667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,909 | €19,280 | +€14,370 | +292.7% |
| Other operating charges | 640/8 | €721 | €1,474 | +€752 | +104.3% |
| Gross operating margin | 9900 | €101,373 | €99,217 | -€2,155 | -2.1% |
| Operating profit (loss) | 9901 | €95,742 | €78,464 | -€17,278 | -18.0% |
| Financial income | 75/76B | €9,576 | €1,537 | -€8,039 | -84.0% |
| Recurring financial income | 75 | €9,576 | €1,537 | -€8,039 | -84.0% |
| Financial charges | 65/66B | €2,885 | €4,245 | +€1,360 | +47.1% |
| Recurring financial charges | 65 | €2,885 | €4,245 | +€1,360 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €102,433 | €75,756 | -€26,677 | -26.0% |
| Income taxes | 67/77 | €23,706 | €22,638 | -€1,068 | -4.5% |
| Profit (loss) for the period | 9904 | €78,727 | €53,118 | -€25,609 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,727 | €53,118 | -€25,609 | -32.5% |
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.