GUSTOR: 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.
GUSTOR
Largest movements
- Tangible fixed assets +€47,307
up €47,307 (+11.8%), from €400,261 to €447,567
of which Other tangible fixed assets: +€85,032
- Cash -€41,367
down €41,367 (-56.3%), from €73,441 to €32,075
mainly Investment in fixed assets (net) (-€129,077) and Debts after one year (-€15,865)
- Intangible fixed assets +€6,888
up €6,888 (+143.5%), from €4,800 to €11,688
- Stocks and contracts +€6,810
up €6,810 (+26.9%), from €25,361 to €32,170
- Other debts +€30,426
up €30,426 (+10.5%), from €290,940 to €321,366
- Debts after one year -€15,865
down €15,865 (-60.9%), from €26,031 to €10,166
- Tax, wage and social debts -€11,268
down €11,268 (-57.2%), from €19,711 to €8,443
of which Taxes: -€11,687
- Trade debts +€10,542
up €10,542 (+26.6%), from €39,678 to €50,220
- Gross operating margin -€35,378
down €35,378 (-18.5%), from €190,836 to €155,459
- Staff costs -€13,913
down €13,913 (-20.0%), from €69,683 to €55,770
- Taxes -€5,707
down €5,707 (-96.6%), from €5,907 to €200
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 | €535,769 | €547,137 | +€11,367 | +2.1% |
| Fixed assets | 21/28 | €405,061 | €459,255 | +€54,194 | +13.4% |
| Intangible fixed assets | 21 | €4,800 | €11,688 | +€6,888 | +143.5% |
| Tangible fixed assets | 22/27 | €400,261 | €447,567 | +€47,307 | +11.8% |
| Land and buildings | 22 | €300,247 | €288,968 | -€11,279 | -3.8% |
| Plant, machinery and equipment | 23 | €39,020 | €2,424 | -€36,596 | -93.8% |
| Furniture and vehicles | 24 | €60,994 | €71,144 | +€10,150 | +16.6% |
| Other tangible fixed assets | 26 | - | €85,032 | +€85,032 | |
| Current assets | 29/58 | €130,709 | €87,882 | -€42,827 | -32.8% |
| Stocks and contracts in progress | 3 | €25,361 | €32,170 | +€6,810 | +26.9% |
| Stocks | 30/36 | €25,361 | €32,170 | +€6,810 | +26.9% |
| Amounts receivable within one year | 40/41 | €26,163 | €22,566 | -€3,597 | -13.7% |
| Trade receivables | 40 | €4,916 | €7,870 | +€2,953 | +60.1% |
| Other amounts receivable | 41 | €21,246 | €14,696 | -€6,550 | -30.8% |
| Cash at bank and in hand | 54/58 | €73,441 | €32,075 | -€41,367 | -56.3% |
| Deferred charges and accrued income | 490/1 | €5,744 | €1,071 | -€4,673 | -81.4% |
| Total equity and liabilities | 10/49 | €535,769 | €547,137 | +€11,367 | +2.1% |
| Equity | 10/15 | €124,997 | €126,077 | +€1,080 | +0.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €24,997 | €26,077 | +€1,080 | +4.3% |
| Distributable reserves | 133 | €24,997 | €26,077 | +€1,080 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €410,773 | €421,060 | +€10,287 | +2.5% |
| Amounts payable after more than one year | 17 | €26,031 | €10,166 | -€15,865 | -60.9% |
| Financial debts | 170/4 | €26,031 | €10,166 | -€15,865 | -60.9% |
| Amounts payable within one year | 42/48 | €384,742 | €410,893 | +€26,152 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €34,413 | €30,865 | -€3,549 | -10.3% |
| Trade debts | 44 | €39,678 | €50,220 | +€10,542 | +26.6% |
| Suppliers | 440/4 | €39,678 | €50,220 | +€10,542 | +26.6% |
| Taxes, remuneration and social security | 45 | €19,711 | €8,443 | -€11,268 | -57.2% |
| Taxes | 450/3 | €15,842 | €4,155 | -€11,687 | -73.8% |
| Remuneration and social security | 454/9 | €3,869 | €4,288 | +€419 | +10.8% |
| Other amounts payable | 47/48 | €290,940 | €321,366 | +€30,426 | +10.5% |
| Remuneration, social security and pensions | 62 | €69,683 | €55,770 | -€13,913 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,611 | €74,883 | +€272 | +0.4% |
| Other operating charges | 640/8 | €1,988 | €2,038 | +€51 | +2.5% |
| Gross operating margin | 9900 | €190,836 | €155,459 | -€35,378 | -18.5% |
| Operating profit (loss) | 9901 | €44,555 | €22,767 | -€21,788 | -48.9% |
| Financial income | 75/76B | €1,657 | €2,697 | +€1,040 | +62.8% |
| Recurring financial income | 75 | €1,657 | €2,697 | +€1,040 | +62.8% |
| Financial charges | 65/66B | €25,853 | €24,183 | -€1,670 | -6.5% |
| Recurring financial charges | 65 | €25,853 | €24,183 | -€1,670 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €20,358 | €1,280 | -€19,078 | -93.7% |
| Income taxes | 67/77 | €5,907 | €200 | -€5,707 | -96.6% |
| Profit (loss) for the period | 9904 | €14,451 | €1,080 | -€13,371 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,451 | €1,080 | -€13,371 | -92.5% |
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 10 October 2026 via checked.be.