GUTIN: 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.
GUTIN
Largest movements
- Cash -€12,746
down €12,746 (-76.8%), from €16,593 to €3,848
mainly Debts after one year (-€17,222) and Net result for the year (-€8,813)
- Tangible fixed assets -€10,040
down €10,040 (-5.3%), from €190,337 to €180,297
of which Land and buildings: -€6,980
- Receivables within one year -€8,843
down €8,843 (-20.3%), from €43,617 to €34,774
of which Trade receivables: -€8,843
- Debts after one year -€17,222
down €17,222 (-7.3%), from €234,844 to €217,622
- Tax, wage and social debts -€6,301
down €6,301 (-73.5%), from €8,575 to €2,274
of which Taxes: -€4,301
- Reserves -€5,517
down €5,517 (-35.7%), from €15,456 to €9,939
- Trade debts -€3,681
down €3,681 (-63.7%), from €5,782 to €2,101
- Other debts +€3,375
up €3,375 (+1,194%), from €283 to €3,657
- Gross operating margin -€19,612
down €19,612 (-59.7%), from €32,834 to €13,223
- Taxes -€4,450
down €4,450 (-96.9%), from €4,594 to €144
- Financial charges +€3,008
up €3,008 (+77.6%), from €3,876 to €6,885
- Depreciation +€796
up €796 (+5.4%), from €14,731 to €15,526
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 | €287,864 | €256,619 | -€31,245 | -10.9% |
| Fixed assets | 21/28 | €190,337 | €180,297 | -€10,040 | -5.3% |
| Tangible fixed assets | 22/27 | €190,337 | €180,297 | -€10,040 | -5.3% |
| Land and buildings | 22 | €176,908 | €169,928 | -€6,980 | -3.9% |
| Plant, machinery and equipment | 23 | €11,692 | €8,485 | -€3,206 | -27.4% |
| Furniture and vehicles | 24 | €1,737 | €1,883 | +€146 | +8.4% |
| Current assets | 29/58 | €97,527 | €76,322 | -€21,205 | -21.7% |
| Amounts receivable after more than one year | 29 | €36,642 | €36,642 | = | 0.0% |
| Other amounts receivable | 291 | €36,642 | €36,642 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,617 | €34,774 | -€8,843 | -20.3% |
| Trade receivables | 40 | €19,462 | €10,619 | -€8,843 | -45.4% |
| Other amounts receivable | 41 | €24,155 | €24,155 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,593 | €3,848 | -€12,746 | -76.8% |
| Deferred charges and accrued income | 490/1 | €674 | €1,058 | +€384 | +56.9% |
| Total equity and liabilities | 10/49 | €287,864 | €256,619 | -€31,245 | -10.9% |
| Equity | 10/15 | €21,656 | €12,843 | -€8,813 | -40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,456 | €9,939 | -€5,517 | -35.7% |
| Distributable reserves | 133 | €15,456 | €9,939 | -€5,517 | -35.7% |
| Profit (loss) carried forward | 14 | - | -€3,296 | -€3,296 | |
| Amounts payable | 17/49 | €266,207 | €243,776 | -€22,432 | -8.4% |
| Amounts payable after more than one year | 17 | €234,844 | €217,622 | -€17,222 | -7.3% |
| Financial debts | 170/4 | €234,844 | €217,622 | -€17,222 | -7.3% |
| Amounts payable within one year | 42/48 | €31,364 | €25,254 | -€6,110 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €16,724 | €17,222 | +€497 | +3.0% |
| Trade debts | 44 | €5,782 | €2,101 | -€3,681 | -63.7% |
| Suppliers | 440/4 | €5,782 | €2,101 | -€3,681 | -63.7% |
| Taxes, remuneration and social security | 45 | €8,575 | €2,274 | -€6,301 | -73.5% |
| Taxes | 450/3 | €6,575 | €2,274 | -€4,301 | -65.4% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €283 | €3,657 | +€3,375 | +1,194% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,731 | €15,526 | +€796 | +5.4% |
| Other operating charges | 640/8 | €934 | €767 | -€166 | -17.8% |
| Gross operating margin | 9900 | €32,834 | €13,223 | -€19,612 | -59.7% |
| Operating profit (loss) | 9901 | €17,170 | -€3,071 | -€20,241 | |
| Financial income | 75/76B | €1,239 | €1,286 | +€47 | +3.8% |
| Recurring financial income | 75 | €1,239 | €1,286 | +€47 | +3.8% |
| Financial charges | 65/66B | €3,876 | €6,885 | +€3,008 | +77.6% |
| Recurring financial charges | 65 | €3,876 | €6,885 | +€3,008 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €14,533 | -€8,669 | -€23,202 | |
| Income taxes | 67/77 | €4,594 | €144 | -€4,450 | -96.9% |
| Profit (loss) for the period | 9904 | €9,939 | -€8,813 | -€18,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,939 | -€8,813 | -€18,753 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.