GUTSS: 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.
GUTSS
Largest movements
- Deferred charges and accrued income -€32,955
down €32,955 (-97.7%), from €33,715 to €760
- Stocks and contracts +€25,006
up €25,006 (+45.3%), from €55,259 to €80,265
- Tangible fixed assets -€9,405
down €9,405 (-94.0%), from €10,003 to €598
of which Furniture and vehicles: -€9,105
- Receivables within one year -€1,685
down €1,685 (-8.0%), from €21,043 to €19,358
of which Trade receivables: -€9,109
- Profit (loss) carried forward +€14,837
up €14,837 (+61.0%), from -€24,304 to -€9,467
- Trade debts -€14,090
down €14,090 (-80.0%), from €17,604 to €3,515
- Debts after one year -€11,755
no longer reported in 2025 (was €11,755)
- Other debts -€6,323
down €6,323 (-18.1%), from €35,031 to €28,708
- Tax, wage and social debts -€4,409
down €4,409 (-50.3%), from €8,760 to €4,350
of which Remuneration and social security: -€5,818
- Staff costs -€51,742
down €51,742 (-97.8%), from €52,897 to €1,155
- Gross operating margin -€11,211
down €11,211 (-30.3%), from €37,049 to €25,838
- Financial income -€6,139
down €6,139 (-61.7%), from €9,953 to €3,815
- Depreciation -€4,168
down €4,168 (-87.6%), from €4,757 to €589
- Other operating charges +€3,002
up €3,002 (+260%), from €1,156 to €4,158
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 | €120,571 | €101,482 | -€19,089 | -15.8% |
| Fixed assets | 21/28 | €10,003 | €1,098 | -€8,905 | -89.0% |
| Tangible fixed assets | 22/27 | €10,003 | €598 | -€9,405 | -94.0% |
| Plant, machinery and equipment | 23 | €898 | €598 | -€301 | -33.5% |
| Furniture and vehicles | 24 | €9,105 | - | -€9,105 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €110,568 | €100,384 | -€10,184 | -9.2% |
| Stocks and contracts in progress | 3 | €55,259 | €80,265 | +€25,006 | +45.3% |
| Stocks | 30/36 | €55,259 | €80,265 | +€25,006 | +45.3% |
| Amounts receivable within one year | 40/41 | €21,043 | €19,358 | -€1,685 | -8.0% |
| Trade receivables | 40 | €19,787 | €10,678 | -€9,109 | -46.0% |
| Other amounts receivable | 41 | €1,256 | €8,680 | +€7,424 | +591% |
| Cash at bank and in hand | 54/58 | €551 | €1 | -€550 | -99.8% |
| Deferred charges and accrued income | 490/1 | €33,715 | €760 | -€32,955 | -97.7% |
| Total equity and liabilities | 10/49 | €120,571 | €101,482 | -€19,089 | -15.8% |
| Equity | 10/15 | -€9,304 | €5,533 | +€14,837 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | - | -€15,000 | |
| Other | 1109/19 | €15,000 | - | -€15,000 | |
| Profit (loss) carried forward | 14 | -€24,304 | -€9,467 | +€14,837 | +61.0% |
| Amounts payable | 17/49 | €129,875 | €95,949 | -€33,926 | -26.1% |
| Amounts payable after more than one year | 17 | €11,755 | - | -€11,755 | |
| Financial debts | 170/4 | €11,755 | - | -€11,755 | |
| Amounts payable within one year | 42/48 | €118,120 | €93,250 | -€24,870 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €14,830 | €11,705 | -€3,125 | -21.1% |
| Financial debts | 43 | €41,895 | €44,732 | +€2,837 | +6.8% |
| Credit institutions | 430/8 | €41,895 | €44,732 | +€2,837 | +6.8% |
| Trade debts | 44 | €17,604 | €3,515 | -€14,090 | -80.0% |
| Suppliers | 440/4 | €17,604 | €3,515 | -€14,090 | -80.0% |
| Advances received on contracts in progress | 46 | - | €240 | +€240 | |
| Taxes, remuneration and social security | 45 | €8,760 | €4,350 | -€4,409 | -50.3% |
| Taxes | 450/3 | €2,941 | €4,350 | +€1,409 | +47.9% |
| Remuneration and social security | 454/9 | €5,818 | - | -€5,818 | |
| Other amounts payable | 47/48 | €35,031 | €28,708 | -€6,323 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €2,699 | +€2,699 | |
| Remuneration, social security and pensions | 62 | €52,897 | €1,155 | -€51,742 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,757 | €589 | -€4,168 | -87.6% |
| Other operating charges | 640/8 | €1,156 | €4,158 | +€3,002 | +260% |
| Gross operating margin | 9900 | €37,049 | €25,838 | -€11,211 | -30.3% |
| Operating profit (loss) | 9901 | -€21,761 | €19,936 | +€41,696 | |
| Financial income | 75/76B | €9,953 | €3,815 | -€6,139 | -61.7% |
| Recurring financial income | 75 | €9,953 | €3,815 | -€6,139 | -61.7% |
| Financial charges | 65/66B | €8,036 | €7,941 | -€95 | -1.2% |
| Recurring financial charges | 65 | €8,036 | €7,941 | -€95 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,844 | €15,809 | +€35,653 | |
| Income taxes | 67/77 | €140 | €972 | +€833 | +597% |
| Profit (loss) for the period | 9904 | -€19,984 | €14,837 | +€34,820 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,984 | €14,837 | +€34,820 |
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 20 October 2026 via checked.be.