guva consult: 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 consult
Largest movements
- Current investments +€34,089
new in 2025: €34,089
- Cash +€34,021
up €34,021 (+85.2%), from €39,923 to €73,944
mainly Net result for the year (+€46,332) and Depreciation (+€17,093)
- Tangible fixed assets -€17,093
down €17,093 (-58.9%), from €29,008 to €11,915
of which Furniture and vehicles: -€14,787
- Receivables within one year -€14,680
no longer reported in 2025 (was €14,680)
- Profit (loss) carried forward +€46,332
up €46,332 (+110.7%), from €41,866 to €88,198
- Current portion of long-term debt -€6,812
no longer reported in 2025 (was €6,812)
- Trade debts -€6,039
down €6,039 (-78.3%), from €7,714 to €1,676
- Tax, wage and social debts +€2,928
up €2,928 (+17.0%), from €17,220 to €20,148
- Gross operating margin +€12,362
up €12,362 (+19.3%), from €64,039 to €76,400
- Depreciation +€6,495
up €6,495 (+61.3%), from €10,598 to €17,093
- Taxes +€1,809
up €1,809 (+16.9%), from €10,723 to €12,532
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 | €83,668 | €120,122 | +€36,454 | +43.6% |
| Fixed assets | 21/28 | €29,008 | €11,915 | -€17,093 | -58.9% |
| Tangible fixed assets | 22/27 | €29,008 | €11,915 | -€17,093 | -58.9% |
| Plant, machinery and equipment | 23 | €5,498 | €3,192 | -€2,306 | -41.9% |
| Furniture and vehicles | 24 | €23,510 | €8,724 | -€14,787 | -62.9% |
| Current assets | 29/58 | €54,660 | €108,206 | +€53,546 | +98.0% |
| Amounts receivable within one year | 40/41 | €14,680 | - | -€14,680 | |
| Trade receivables | 40 | €14,680 | - | -€14,680 | |
| Current investments | 50/53 | - | €34,089 | +€34,089 | |
| Cash at bank and in hand | 54/58 | €39,923 | €73,944 | +€34,021 | +85.2% |
| Deferred charges and accrued income | 490/1 | €56 | €173 | +€117 | +206.7% |
| Total equity and liabilities | 10/49 | €83,668 | €120,122 | +€36,454 | +43.6% |
| Equity | 10/15 | €51,866 | €98,198 | +€46,332 | +89.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,866 | €88,198 | +€46,332 | +110.7% |
| Amounts payable | 17/49 | €31,802 | €21,924 | -€9,878 | -31.1% |
| Amounts payable within one year | 42/48 | €31,802 | €21,879 | -€9,923 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €6,812 | - | -€6,812 | |
| Trade debts | 44 | €7,714 | €1,676 | -€6,039 | -78.3% |
| Suppliers | 440/4 | €7,714 | €1,676 | -€6,039 | -78.3% |
| Taxes, remuneration and social security | 45 | €17,220 | €20,148 | +€2,928 | +17.0% |
| Taxes | 450/3 | €17,220 | €20,148 | +€2,928 | +17.0% |
| Other amounts payable | 47/48 | €55 | €55 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,598 | €17,093 | +€6,495 | +61.3% |
| Other operating charges | 640/8 | €370 | €475 | +€105 | +28.5% |
| Gross operating margin | 9900 | €64,039 | €76,400 | +€12,362 | +19.3% |
| Operating profit (loss) | 9901 | €53,071 | €58,833 | +€5,761 | +10.9% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €482 | €97 | -€385 | -79.9% |
| Recurring financial charges | 65 | €482 | €97 | -€385 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €52,589 | €58,864 | +€6,274 | +11.9% |
| Income taxes | 67/77 | €10,723 | €12,532 | +€1,809 | +16.9% |
| Profit (loss) for the period | 9904 | €41,866 | €46,332 | +€4,465 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,866 | €46,332 | +€4,465 | +10.7% |
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.