GUSTO: 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.
GUSTO
Largest movements
- Tangible fixed assets -€193,519
down €193,519 (-64.2%), from €301,392 to €107,873
of which Other tangible fixed assets: -€171,717
- Cash -€72,737
down €72,737 (-82.0%), from €88,672 to €15,935
mainly Debts after one year (-€172,669) and Trade debts (-€51,667)
- Receivables within one year +€46,916
up €46,916 (+8.3%), from €568,374 to €615,291
of which Trade receivables: +€34,574
- Debts after one year -€172,669
down €172,669 (-17.3%), from €1.0m to €827,331
- Profit (loss) carried forward +€54,400
up €54,400 (+2.9%), from -€1.9m to -€1.8m
- Trade debts -€51,667
down €51,667 (-14.6%), from €354,008 to €302,341
- Other debts -€26,584
down €26,584 (-100.0%), from €26,584 to €0
- Tax, wage and social debts -€22,419
down €22,419 (-38.5%), from €58,236 to €35,817
of which Remuneration and social security: -€14,233
- Gross operating margin -€137,248
down €137,248 (-17.2%), from €797,219 to €659,971
- Depreciation -€21,730
down €21,730 (-41.8%), from €52,047 to €30,317
- Staff costs -€8,220
down €8,220 (-1.8%), from €450,141 to €441,921
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €988,976 | €770,911 | -€218,065 | -22.0% |
| Fixed assets | 21/28 | €322,492 | €126,483 | -€196,009 | -60.8% |
| Tangible fixed assets | 22/27 | €301,392 | €107,873 | -€193,519 | -64.2% |
| Plant, machinery and equipment | 23 | €11,657 | €7,662 | -€3,996 | -34.3% |
| Furniture and vehicles | 24 | €53,711 | €35,905 | -€17,806 | -33.2% |
| Other tangible fixed assets | 26 | €236,023 | €64,307 | -€171,717 | -72.8% |
| Financial fixed assets | 28 | €21,101 | €18,610 | -€2,491 | -11.8% |
| Current assets | 29/58 | €666,484 | €644,428 | -€22,056 | -3.3% |
| Stocks and contracts in progress | 3 | €1,945 | €4,566 | +€2,621 | +134.8% |
| Stocks | 30/36 | €1,945 | €4,566 | +€2,621 | +134.8% |
| Amounts receivable within one year | 40/41 | €568,374 | €615,291 | +€46,916 | +8.3% |
| Trade receivables | 40 | €131,207 | €165,781 | +€34,574 | +26.4% |
| Other amounts receivable | 41 | €437,167 | €449,510 | +€12,343 | +2.8% |
| Cash at bank and in hand | 54/58 | €88,672 | €15,935 | -€72,737 | -82.0% |
| Deferred charges and accrued income | 490/1 | €7,493 | €8,636 | +€1,143 | +15.3% |
| Total equity and liabilities | 10/49 | €988,976 | €770,911 | -€218,065 | -22.0% |
| Equity | 10/15 | -€451,279 | -€396,879 | +€54,400 | +12.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,344,311 | €1,344,311 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,344,311 | €1,344,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,857,589 | -€1,803,189 | +€54,400 | +2.9% |
| Amounts payable | 17/49 | €1,440,255 | €1,167,790 | -€272,465 | -18.9% |
| Amounts payable after more than one year | 17 | €1,000,000 | €827,331 | -€172,669 | -17.3% |
| Financial debts | 170/4 | €1,000,000 | €827,331 | -€172,669 | -17.3% |
| Amounts payable within one year | 42/48 | €440,255 | €340,459 | -€99,796 | -22.7% |
| Financial debts | 43 | €1,426 | €2,301 | +€875 | +61.3% |
| Other loans | 439 | €1,426 | €2,301 | +€875 | +61.3% |
| Trade debts | 44 | €354,008 | €302,341 | -€51,667 | -14.6% |
| Suppliers | 440/4 | €354,008 | €302,341 | -€51,667 | -14.6% |
| Taxes, remuneration and social security | 45 | €58,236 | €35,817 | -€22,419 | -38.5% |
| Taxes | 450/3 | €20,895 | €12,709 | -€8,186 | -39.2% |
| Remuneration and social security | 454/9 | €37,341 | €23,108 | -€14,233 | -38.1% |
| Other amounts payable | 47/48 | €26,584 | €0 | -€26,584 | -100.0% |
| Remuneration, social security and pensions | 62 | €450,141 | €441,921 | -€8,220 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,047 | €30,317 | -€21,730 | -41.8% |
| Other operating charges | 640/8 | €4,273 | €10,438 | +€6,165 | +144.3% |
| Non-recurring operating charges | 66A | €57,744 | €113,201 | +€55,458 | +96.0% |
| Gross operating margin | 9900 | €797,219 | €659,971 | -€137,248 | -17.2% |
| Operating profit (loss) | 9901 | €233,015 | €64,093 | -€168,921 | -72.5% |
| Financial income | 75/76B | €23 | €60 | +€38 | +166.3% |
| Recurring financial income | 75 | €23 | €60 | +€38 | +166.3% |
| Financial charges | 65/66B | €2,205 | €8,984 | +€6,779 | +307.4% |
| Recurring financial charges | 65 | €2,205 | €8,984 | +€6,779 | +307.4% |
| Profit (loss) for the period before taxes | 9903 | €230,832 | €55,169 | -€175,663 | -76.1% |
| Income taxes | 67/77 | €1,454 | €770 | -€685 | -47.1% |
| Profit (loss) for the period | 9904 | €229,378 | €54,400 | -€174,978 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €229,378 | €54,400 | -€174,978 | -76.3% |
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 8 October 2026 via checked.be.