GUSTO M&O: 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 M&O
Largest movements
- Cash +€13,785
up €13,785 (+3,020%), from €457 to €14,242
mainly Tax, wage and social debts (+€14,523) and Other debts (+€9,041)
- Receivables within one year -€5,477
down €5,477 (-99.1%), from €5,527 to €51
of which Other amounts receivable: -€5,482
- Stocks and contracts +€4,095
up €4,095 (+580%), from €705 to €4,801
- Tax, wage and social debts +€14,523
new in 2025: €14,523
of which Remuneration and social security: +€9,359
- Other debts +€9,041
up €9,041 (+13,494%), from €67 to €9,108
- Profit (loss) carried forward -€8,891
down €8,891 (-53.8%), from -€16,521 to -€25,413
- Debts after one year -€5,732
down €5,732 (-21.7%), from €26,403 to €20,671
- Current portion of long-term debt +€2,635
up €2,635 (+73.3%), from €3,597 to €6,232
- Gross operating margin +€56,628
up €56,628, from -€15,239 to €41,389
- Staff costs +€43,764
new in 2025: €43,764
- Depreciation +€3,391
up €3,391 (+1,114%), from €304 to €3,695
- Financial charges +€1,954
up €1,954 (+356%), from €549 to €2,502
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 | €40,654 | €53,386 | +€12,732 | +31.3% |
| Fixed assets | 21/28 | €33,965 | €34,293 | +€328 | +1.0% |
| Tangible fixed assets | 22/27 | €29,465 | €29,489 | +€24 | +0.1% |
| Plant, machinery and equipment | 23 | €22,747 | €22,288 | -€460 | -2.0% |
| Furniture and vehicles | 24 | €6,717 | €7,201 | +€484 | +7.2% |
| Financial fixed assets | 28 | €4,500 | €4,804 | +€304 | +6.8% |
| Current assets | 29/58 | €6,689 | €19,093 | +€12,404 | +185% |
| Stocks and contracts in progress | 3 | €705 | €4,801 | +€4,095 | +580% |
| Stocks | 30/36 | €705 | €4,801 | +€4,095 | +580% |
| Amounts receivable within one year | 40/41 | €5,527 | €51 | -€5,477 | -99.1% |
| Trade receivables | 40 | - | €6 | +€6 | |
| Other amounts receivable | 41 | €5,527 | €45 | -€5,482 | -99.2% |
| Cash at bank and in hand | 54/58 | €457 | €14,242 | +€13,785 | +3,020% |
| Total equity and liabilities | 10/49 | €40,654 | €53,386 | +€12,732 | +31.3% |
| Equity | 10/15 | €10,479 | €1,587 | -€8,891 | -84.9% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,521 | -€25,413 | -€8,891 | -53.8% |
| Amounts payable | 17/49 | €30,175 | €51,799 | +€21,624 | +71.7% |
| Amounts payable after more than one year | 17 | €26,403 | €20,671 | -€5,732 | -21.7% |
| Financial debts | 170/4 | €26,403 | €20,671 | -€5,732 | -21.7% |
| Amounts payable within one year | 42/48 | €3,772 | €31,067 | +€27,295 | +724% |
| Current portion of amounts payable after more than one year | 42 | €3,597 | €6,232 | +€2,635 | +73.3% |
| Trade debts | 44 | €108 | €1,203 | +€1,095 | +1,011% |
| Suppliers | 440/4 | €108 | €1,203 | +€1,095 | +1,011% |
| Taxes, remuneration and social security | 45 | - | €14,523 | +€14,523 | |
| Taxes | 450/3 | - | €5,164 | +€5,164 | |
| Remuneration and social security | 454/9 | - | €9,359 | +€9,359 | |
| Other amounts payable | 47/48 | €67 | €9,108 | +€9,041 | +13,494% |
| Accrued charges and deferred income | 492/3 | - | €61 | +€61 | |
| Remuneration, social security and pensions | 62 | - | €43,764 | +€43,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €3,695 | +€3,391 | +1,114% |
| Other operating charges | 640/8 | €429 | €320 | -€109 | -25.3% |
| Gross operating margin | 9900 | -€15,239 | €41,389 | +€56,628 | |
| Operating profit (loss) | 9901 | -€15,973 | -€6,390 | +€9,582 | +60.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €549 | €2,502 | +€1,954 | +356% |
| Recurring financial charges | 65 | €549 | €2,502 | +€1,954 | +356% |
| Profit (loss) for the period before taxes | 9903 | -€16,521 | -€8,891 | +€7,630 | +46.2% |
| Profit (loss) for the period | 9904 | -€16,521 | -€8,891 | +€7,630 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,521 | -€8,891 | +€7,630 | +46.2% |
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 30 October 2026 via checked.be.