GUVA: 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.
GUVA
Largest movements
- Receivables within one year -€20,051
down €20,051 (-93.0%), from €21,551 to €1,500
of which Trade receivables: -€19,826
- Cash +€3,436
up €3,436 (+32.3%), from €10,636 to €14,072
mainly Receivables within one year (+€20,051) and Other debts (+€10,052)
- Tangible fixed assets -€3,118
down €3,118 (-85.9%), from €3,629 to €511
of which Plant, machinery and equipment: -€1,953
- Stocks and contracts +€1,500
new in 2025: €1,500
- Debts after one year -€17,000
no longer reported in 2025 (was €17,000)
- Other debts +€10,052
up €10,052 (+418.3%), from €2,403 to €12,455
- Profit (loss) carried forward -€5,008
down €5,008 (-55.5%), from -€9,022 to -€14,030
- Tax, wage and social debts -€4,132
down €4,132 (-84.7%), from €4,876 to €744
- Trade debts -€2,144
no longer reported in 2025 (was €2,144)
- Gross operating margin -€12,924
down €12,924, from €10,607 to -€2,317
- Depreciation -€5,602
down €5,602 (-81.3%), from €6,894 to €1,292
- Taxes -€288
down €288 (-28.9%), from €995 to €707
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 | €36,001 | €17,769 | -€18,232 | -50.6% |
| Fixed assets | 21/28 | €3,629 | €511 | -€3,118 | -85.9% |
| Tangible fixed assets | 22/27 | €3,629 | €511 | -€3,118 | -85.9% |
| Land and buildings | 22 | €540 | €405 | -€135 | -25.0% |
| Plant, machinery and equipment | 23 | €1,953 | - | -€1,953 | |
| Furniture and vehicles | 24 | €1,136 | €106 | -€1,030 | -90.7% |
| Current assets | 29/58 | €32,372 | €17,258 | -€15,114 | -46.7% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Contracts in progress | 37 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €21,551 | €1,500 | -€20,051 | -93.0% |
| Trade receivables | 40 | €19,826 | - | -€19,826 | |
| Other amounts receivable | 41 | €1,725 | €1,500 | -€225 | -13.0% |
| Cash at bank and in hand | 54/58 | €10,636 | €14,072 | +€3,436 | +32.3% |
| Deferred charges and accrued income | 490/1 | €185 | €186 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €36,001 | €17,769 | -€18,232 | -50.6% |
| Equity | 10/15 | €9,578 | €4,570 | -€5,008 | -52.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,022 | -€14,030 | -€5,008 | -55.5% |
| Amounts payable | 17/49 | €26,423 | €13,199 | -€13,224 | -50.0% |
| Amounts payable after more than one year | 17 | €17,000 | - | -€17,000 | |
| Financial debts | 170/4 | €17,000 | - | -€17,000 | |
| Amounts payable within one year | 42/48 | €9,423 | €13,199 | +€3,776 | +40.1% |
| Trade debts | 44 | €2,144 | - | -€2,144 | |
| Suppliers | 440/4 | €2,144 | - | -€2,144 | |
| Taxes, remuneration and social security | 45 | €4,876 | €744 | -€4,132 | -84.7% |
| Taxes | 450/3 | €4,876 | €744 | -€4,132 | -84.7% |
| Other amounts payable | 47/48 | €2,403 | €12,455 | +€10,052 | +418.3% |
| Non-recurring operating income | 76A | - | €3,174 | +€3,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,894 | €1,292 | -€5,602 | -81.3% |
| Other operating charges | 640/8 | €549 | €597 | +€48 | +8.7% |
| Gross operating margin | 9900 | €10,607 | -€2,317 | -€12,924 | |
| Operating profit (loss) | 9901 | €3,164 | -€4,206 | -€7,370 | |
| Financial charges | 65/66B | €101 | €95 | -€6 | -5.9% |
| Recurring financial charges | 65 | €101 | €95 | -€6 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €3,063 | -€4,301 | -€7,364 | |
| Income taxes | 67/77 | €995 | €707 | -€288 | -28.9% |
| Profit (loss) for the period | 9904 | €2,068 | -€5,008 | -€7,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,068 | -€5,008 | -€7,076 |
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 11 October 2026 via checked.be.