GUSTO: 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.
GUSTO
Largest movements
- Tangible fixed assets +€17,247
up €17,247 (+40.0%), from €43,084 to €60,331
of which Plant, machinery and equipment: +€23,645
- Cash -€16,422
down €16,422 (-13.7%), from €119,554 to €103,132
mainly Investment in fixed assets (net) (-€31,604) and Tax, wage and social debts (-€5,976)
- Receivables within one year -€9,060
down €9,060 (-48.7%), from €18,587 to €9,527
of which Trade receivables: -€4,692
- Tax, wage and social debts -€5,976
down €5,976 (-19.7%), from €30,326 to €24,350
of which Remuneration and social security: -€4,095
- Other debts -€4,542
down €4,542 (-90.7%), from €5,005 to €464
- Gross operating margin -€19,437
down €19,437 (-8.9%), from €218,364 to €198,926
- Other operating charges +€4,529
up €4,529 (+135%), from €3,355 to €7,883
- Taxes -€4,457
down €4,457 (-57.4%), from €7,769 to €3,311
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 | €185,550 | €175,855 | -€9,695 | -5.2% |
| Fixed assets | 21/28 | €43,084 | €60,331 | +€17,247 | +40.0% |
| Tangible fixed assets | 22/27 | €43,084 | €60,331 | +€17,247 | +40.0% |
| Land and buildings | 22 | €4,540 | €3,880 | -€660 | -14.5% |
| Plant, machinery and equipment | 23 | €15,374 | €39,019 | +€23,645 | +154% |
| Furniture and vehicles | 24 | €23,170 | €17,432 | -€5,738 | -24.8% |
| Current assets | 29/58 | €142,466 | €115,524 | -€26,942 | -18.9% |
| Stocks and contracts in progress | 3 | €4,125 | €2,865 | -€1,260 | -30.5% |
| Stocks | 30/36 | €4,125 | €2,865 | -€1,260 | -30.5% |
| Amounts receivable within one year | 40/41 | €18,587 | €9,527 | -€9,060 | -48.7% |
| Trade receivables | 40 | €11,297 | €6,605 | -€4,692 | -41.5% |
| Other amounts receivable | 41 | €7,290 | €2,922 | -€4,368 | -59.9% |
| Cash at bank and in hand | 54/58 | €119,554 | €103,132 | -€16,422 | -13.7% |
| Deferred charges and accrued income | 490/1 | €200 | €0 | -€200 | -100% |
| Total equity and liabilities | 10/49 | €185,550 | €175,855 | -€9,695 | -5.2% |
| Equity | 10/15 | €143,394 | €145,246 | +€1,852 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,794 | €126,646 | +€1,852 | +1.5% |
| Distributable reserves | 133 | €124,794 | €126,646 | +€1,852 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €42,156 | €30,609 | -€11,547 | -27.4% |
| Amounts payable within one year | 42/48 | €42,156 | €30,609 | -€11,547 | -27.4% |
| Trade debts | 44 | €6,825 | €5,795 | -€1,030 | -15.1% |
| Suppliers | 440/4 | €6,825 | €5,795 | -€1,030 | -15.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,326 | €24,350 | -€5,976 | -19.7% |
| Taxes | 450/3 | €13,249 | €11,368 | -€1,881 | -14.2% |
| Remuneration and social security | 454/9 | €17,077 | €12,982 | -€4,095 | -24.0% |
| Other amounts payable | 47/48 | €5,005 | €464 | -€4,542 | -90.7% |
| Non-recurring operating income | 76A | €1,400 | €0 | -€1,400 | -100% |
| Remuneration, social security and pensions | 62 | €171,349 | €171,393 | +€44 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,524 | €14,357 | +€1,833 | +14.6% |
| Other operating charges | 640/8 | €3,355 | €7,883 | +€4,529 | +135% |
| Gross operating margin | 9900 | €218,364 | €198,926 | -€19,437 | -8.9% |
| Operating profit (loss) | 9901 | €31,136 | €5,293 | -€25,842 | -83.0% |
| Financial income | 75/76B | €29 | €76 | +€47 | +165% |
| Recurring financial income | 75 | €29 | €76 | +€47 | +165% |
| Financial charges | 65/66B | €162 | €206 | +€44 | +27.2% |
| Recurring financial charges | 65 | €162 | €206 | +€44 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €31,003 | €5,164 | -€25,839 | -83.3% |
| Income taxes | 67/77 | €7,769 | €3,311 | -€4,457 | -57.4% |
| Profit (loss) for the period | 9904 | €23,234 | €1,852 | -€21,381 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,234 | €1,852 | -€21,381 | -92.0% |
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 29 October 2026 via checked.be.