GUT EIDT: 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.
GUT EIDT
Largest movements
- Cash -€46,169
down €46,169 (-77.5%), from €59,548 to €13,379
mainly Investment in fixed assets (net) (-€51,986) and Net result for the year (-€17,458)
- Tangible fixed assets +€13,752
up €13,752 (+3.4%), from €400,794 to €414,546
of which Land and buildings: +€29,469
- Deferred charges and accrued income -€7,030
down €7,030 (-35.4%), from €19,840 to €12,810
- Profit (loss) carried forward -€17,458
down €17,458, from €5,098 to -€12,359
- Debts after one year -€10,160
down €10,160 (-42.6%), from €23,859 to €13,700
- Advances received -€8,559
down €8,559 (-30.8%), from €27,829 to €19,270
- Gross operating margin -€22,907
down €22,907 (-47.5%), from €48,264 to €25,356
- Depreciation +€4,366
up €4,366 (+12.9%), from €33,868 to €38,234
- Other operating charges -€793
down €793 (-15.6%), from €5,080 to €4,287
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 | €482,616 | €443,940 | -€38,677 | -8.0% |
| Fixed assets | 21/28 | €401,294 | €415,046 | +€13,752 | +3.4% |
| Tangible fixed assets | 22/27 | €400,794 | €414,546 | +€13,752 | +3.4% |
| Land and buildings | 22 | €353,180 | €382,650 | +€29,469 | +8.3% |
| Plant, machinery and equipment | 23 | €22,215 | €18,273 | -€3,943 | -17.7% |
| Furniture and vehicles | 24 | €25,399 | €13,623 | -€11,775 | -46.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €81,322 | €28,894 | -€52,428 | -64.5% |
| Amounts receivable within one year | 40/41 | €1,934 | €2,705 | +€771 | +39.9% |
| Trade receivables | 40 | €1,934 | - | -€1,934 | |
| Other amounts receivable | 41 | - | €2,705 | +€2,705 | |
| Cash at bank and in hand | 54/58 | €59,548 | €13,379 | -€46,169 | -77.5% |
| Deferred charges and accrued income | 490/1 | €19,840 | €12,810 | -€7,030 | -35.4% |
| Total equity and liabilities | 10/49 | €482,616 | €443,940 | -€38,677 | -8.0% |
| Equity | 10/15 | €256,627 | €239,169 | -€17,458 | -6.8% |
| Contributions | 10/11 | €248,141 | €248,141 | = | 0.0% |
| Capital | 10 | €248,141 | €248,141 | = | 0.0% |
| Issued capital | 100 | €248,141 | €248,141 | = | 0.0% |
| Reserves | 13 | €3,387 | €3,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,387 | €3,387 | = | 0.0% |
| Legal reserve | 130 | €3,387 | €3,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,098 | -€12,359 | -€17,458 | |
| Amounts payable | 17/49 | €225,989 | €204,770 | -€21,219 | -9.4% |
| Amounts payable after more than one year | 17 | €23,859 | €13,700 | -€10,160 | -42.6% |
| Financial debts | 170/4 | €23,859 | €13,700 | -€10,160 | -42.6% |
| Amounts payable within one year | 42/48 | €200,474 | €189,510 | -€10,964 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €10,063 | €10,160 | +€97 | +1.0% |
| Trade debts | 44 | €3,254 | €686 | -€2,568 | -78.9% |
| Suppliers | 440/4 | €3,254 | €686 | -€2,568 | -78.9% |
| Advances received on contracts in progress | 46 | €27,829 | €19,270 | -€8,559 | -30.8% |
| Taxes, remuneration and social security | 45 | €576 | €11 | -€565 | -98.1% |
| Taxes | 450/3 | €576 | €11 | -€565 | -98.1% |
| Other amounts payable | 47/48 | €158,752 | €159,383 | +€631 | +0.4% |
| Accrued charges and deferred income | 492/3 | €1,656 | €1,561 | -€95 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,868 | €38,234 | +€4,366 | +12.9% |
| Other operating charges | 640/8 | €5,080 | €4,287 | -€793 | -15.6% |
| Gross operating margin | 9900 | €48,264 | €25,356 | -€22,907 | -47.5% |
| Operating profit (loss) | 9901 | €9,315 | -€17,165 | -€26,481 | |
| Financial income | 75/76B | €348 | €429 | +€81 | +23.1% |
| Recurring financial income | 75 | €348 | €429 | +€81 | +23.1% |
| Financial charges | 65/66B | €684 | €650 | -€33 | -4.9% |
| Recurring financial charges | 65 | €684 | €650 | -€33 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €8,980 | -€17,387 | -€26,367 | |
| Income taxes | 67/77 | €82 | €71 | -€11 | -13.2% |
| Profit (loss) for the period | 9904 | €8,898 | -€17,458 | -€26,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,898 | -€17,458 | -€26,356 |
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.