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 -€66,322
down €66,322 (-3.6%), from €1.8m to €1.8m
of which Land and buildings: -€63,722
- Debts after one year -€121,822
down €121,822 (-9.5%), from €1.3m to €1.2m
- Reserves +€31,570
up €31,570 (+25.3%), from €124,878 to €156,448
- Gross operating margin +€8,160
up €8,160 (+6.4%), from €127,321 to €135,481
- Financial charges -€1,832
down €1,832 (-7.4%), from €24,858 to €23,026
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 | €1,835,345 | €1,768,279 | -€67,067 | -3.7% |
| Fixed assets | 21/28 | €1,826,756 | €1,760,435 | -€66,322 | -3.6% |
| Tangible fixed assets | 22/27 | €1,826,756 | €1,760,435 | -€66,322 | -3.6% |
| Land and buildings | 22 | €1,818,334 | €1,754,612 | -€63,722 | -3.5% |
| Furniture and vehicles | 24 | €8,422 | €5,822 | -€2,600 | -30.9% |
| Current assets | 29/58 | €8,589 | €7,844 | -€745 | -8.7% |
| Amounts receivable within one year | 40/41 | €7,639 | €7,639 | = | 0.0% |
| Other amounts receivable | 41 | €7,639 | €7,639 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €740 | €205 | -€535 | -72.3% |
| Deferred charges and accrued income | 490/1 | €210 | - | -€210 | |
| Total equity and liabilities | 10/49 | €1,835,345 | €1,768,279 | -€67,067 | -3.7% |
| Equity | 10/15 | €174,878 | €206,448 | +€31,570 | +18.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €124,878 | €156,448 | +€31,570 | +25.3% |
| Distributable reserves | 133 | €124,878 | €156,448 | +€31,570 | +25.3% |
| Amounts payable | 17/49 | €1,660,467 | €1,561,831 | -€98,636 | -5.9% |
| Amounts payable after more than one year | 17 | €1,281,133 | €1,159,312 | -€121,822 | -9.5% |
| Financial debts | 170/4 | €1,281,133 | €1,159,312 | -€121,822 | -9.5% |
| Amounts payable within one year | 42/48 | €379,333 | €402,519 | +€23,186 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €119,813 | €121,822 | +€2,009 | +1.7% |
| Taxes, remuneration and social security | 45 | - | €7,361 | +€7,361 | |
| Taxes | 450/3 | - | €7,361 | +€7,361 | |
| Other amounts payable | 47/48 | €259,520 | €273,336 | +€13,816 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,857 | €66,322 | +€464 | +0.7% |
| Other operating charges | 640/8 | €6,408 | €7,203 | +€795 | +12.4% |
| Gross operating margin | 9900 | €127,321 | €135,481 | +€8,160 | +6.4% |
| Operating profit (loss) | 9901 | €55,056 | €61,957 | +€6,901 | +12.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €24,858 | €23,026 | -€1,832 | -7.4% |
| Recurring financial charges | 65 | €24,858 | €23,026 | -€1,832 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €30,198 | €38,931 | +€8,733 | +28.9% |
| Income taxes | 67/77 | €7,361 | €7,361 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €22,837 | €31,570 | +€8,733 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,837 | €31,570 | +€8,733 | +38.2% |
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.