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
- Tangible fixed assets -€16,586
down €16,586 (-7.0%), from €236,878 to €220,292
- Other debts +€25,098
up €25,098 (+6.7%), from €374,100 to €399,198
- Debts after one year -€23,085
down €23,085 (-22.2%), from €103,883 to €80,798
- Profit (loss) carried forward -€19,922
down €19,922 (-7.1%), from -€279,633 to -€299,555
- Financial charges -€3,008
down €3,008 (-35.9%), from €8,384 to €5,376
- Gross operating margin -€879
down €879 (-14.3%), from €6,135 to €5,256
- Other operating charges +€98
up €98 (+3.2%), from €3,118 to €3,216
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,830 | €222,872 | -€16,958 | -7.1% |
| Fixed assets | 21/28 | €236,878 | €220,292 | -€16,586 | -7.0% |
| Tangible fixed assets | 22/27 | €236,878 | €220,292 | -€16,586 | -7.0% |
| Land and buildings | 22 | €236,878 | €220,292 | -€16,586 | -7.0% |
| Current assets | 29/58 | €2,952 | €2,580 | -€372 | -12.6% |
| Amounts receivable within one year | 40/41 | €2,865 | €2,465 | -€400 | -14.0% |
| Other amounts receivable | 41 | €2,865 | €2,465 | -€400 | -14.0% |
| Cash at bank and in hand | 54/58 | €87 | €115 | +€28 | +32.5% |
| Total equity and liabilities | 10/49 | €239,830 | €222,872 | -€16,958 | -7.1% |
| Equity | 10/15 | -€260,349 | -€280,271 | -€19,922 | -7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €692 | €692 | = | 0.0% |
| Distributable reserves | 133 | €692 | €692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€279,633 | -€299,555 | -€19,922 | -7.1% |
| Amounts payable | 17/49 | €500,179 | €503,143 | +€2,964 | +0.6% |
| Amounts payable after more than one year | 17 | €103,883 | €80,798 | -€23,085 | -22.2% |
| Financial debts | 170/4 | €103,883 | €80,798 | -€23,085 | -22.2% |
| Amounts payable within one year | 42/48 | €396,296 | €422,345 | +€26,049 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €22,196 | €23,085 | +€889 | +4.0% |
| Trade debts | 44 | - | €62 | +€62 | |
| Suppliers | 440/4 | - | €62 | +€62 | |
| Other amounts payable | 47/48 | €374,100 | €399,198 | +€25,098 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,586 | €16,586 | = | 0.0% |
| Other operating charges | 640/8 | €3,118 | €3,216 | +€98 | +3.2% |
| Gross operating margin | 9900 | €6,135 | €5,256 | -€879 | -14.3% |
| Operating profit (loss) | 9901 | -€13,569 | -€14,546 | -€977 | -7.2% |
| Financial charges | 65/66B | €8,384 | €5,376 | -€3,008 | -35.9% |
| Recurring financial charges | 65 | €8,384 | €5,376 | -€3,008 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,953 | -€19,922 | +€2,031 | +9.3% |
| Profit (loss) for the period | 9904 | -€21,953 | -€19,922 | +€2,031 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,953 | -€19,922 | +€2,031 | +9.3% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.