GUSTO WAFEL: 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 WAFEL
Largest movements
- Tangible fixed assets +€63,910
up €63,910 (+161%), from €39,725 to €103,636
of which Furniture and vehicles: +€64,045
- Cash -€37,517
down €37,517 (-83.4%), from €44,978 to €7,461
mainly Investment in fixed assets (net) (-€91,482) and Other debts (-€37,025)
- Receivables within one year -€26,298
down €26,298 (-78.2%), from €33,618 to €7,320
- Deferred charges and accrued income -€1,806
down €1,806 (-76.0%), from €2,376 to €570
- Other debts -€37,025
down €37,025 (-34.4%), from €107,698 to €70,673
- Profit (loss) carried forward +€28,087
up €28,087 (+424%), from €6,619 to €34,707
- Tax, wage and social debts +€6,935
up €6,935 (+134%), from €5,166 to €12,100
- Gross operating margin +€36,811
up €36,811 (+135%), from €27,289 to €64,100
- Depreciation +€9,847
up €9,847 (+54.3%), from €18,132 to €27,978
- Taxes +€6,377
up €6,377 (+688%), from €927 to €7,304
- Financial income +€701
new in 2024: €701
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,075 | €119,958 | -€2,117 | -1.7% |
| Formation expenses | 20 | €1,378 | €971 | -€407 | -29.5% |
| Fixed assets | 21/28 | €39,725 | €103,636 | +€63,910 | +161% |
| Tangible fixed assets | 22/27 | €39,725 | €103,636 | +€63,910 | +161% |
| Land and buildings | 22 | €4,222 | €3,729 | -€494 | -11.7% |
| Plant, machinery and equipment | 23 | €26,351 | €26,711 | +€360 | +1.4% |
| Furniture and vehicles | 24 | €9,152 | €73,196 | +€64,045 | +700% |
| Current assets | 29/58 | €80,972 | €15,351 | -€65,621 | -81.0% |
| Amounts receivable within one year | 40/41 | €33,618 | €7,320 | -€26,298 | -78.2% |
| Trade receivables | 40 | €33,618 | €7,320 | -€26,298 | -78.2% |
| Cash at bank and in hand | 54/58 | €44,978 | €7,461 | -€37,517 | -83.4% |
| Deferred charges and accrued income | 490/1 | €2,376 | €570 | -€1,806 | -76.0% |
| Total equity and liabilities | 10/49 | €122,075 | €119,958 | -€2,117 | -1.7% |
| Equity | 10/15 | €7,619 | €35,707 | +€28,087 | +369% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,619 | €34,707 | +€28,087 | +424% |
| Amounts payable | 17/49 | €114,456 | €84,251 | -€30,205 | -26.4% |
| Amounts payable within one year | 42/48 | €114,456 | €84,251 | -€30,205 | -26.4% |
| Trade debts | 44 | €1,593 | €1,479 | -€114 | -7.2% |
| Suppliers | 440/4 | €1,593 | €1,479 | -€114 | -7.2% |
| Taxes, remuneration and social security | 45 | €5,166 | €12,100 | +€6,935 | +134% |
| Taxes | 450/3 | €5,166 | €12,100 | +€6,935 | +134% |
| Other amounts payable | 47/48 | €107,698 | €70,673 | -€37,025 | -34.4% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,132 | €27,978 | +€9,847 | +54.3% |
| Other operating charges | 640/8 | €1,476 | €1,215 | -€261 | -17.7% |
| Non-recurring operating charges | 66A | - | €91 | +€91 | |
| Gross operating margin | 9900 | €27,289 | €64,100 | +€36,811 | +135% |
| Operating profit (loss) | 9901 | €7,681 | €34,815 | +€27,134 | +353% |
| Financial income | 75/76B | - | €701 | +€701 | |
| Recurring financial income | 75 | - | €701 | +€701 | |
| Financial charges | 65/66B | €135 | €125 | -€10 | -7.7% |
| Recurring financial charges | 65 | €135 | €125 | -€10 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €7,546 | €35,392 | +€27,845 | +369% |
| Income taxes | 67/77 | €927 | €7,304 | +€6,377 | +688% |
| Profit (loss) for the period | 9904 | €6,619 | €28,087 | +€21,468 | +324% |
| Profit (loss) for the period to be appropriated | 9905 | €6,619 | €28,087 | +€21,468 | +324% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.