GuVeGa: 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.
GuVeGa
Largest movements
- Receivables within one year +€9,256
up €9,256 (+2,274%), from €407 to €9,663
of which Trade receivables: +€9,139
- Cash +€6,585
up €6,585 (+31.6%), from €20,838 to €27,423
mainly Net result for the year (+€8,945) and Tax, wage and social debts (+€5,345)
- Tangible fixed assets +€1,950
up €1,950 (+40.1%), from €4,858 to €6,809
of which Furniture and vehicles: +€1,248
- Deferred charges and accrued income +€1,268
up €1,268 (+117%), from €1,086 to €2,354
- Reserves +€8,945
up €8,945 (+275%), from €3,257 to €12,202
- Tax, wage and social debts +€5,345
up €5,345 (+79.6%), from €6,714 to €12,059
of which Taxes: +€5,345
- Other debts +€3,531
up €3,531 (+38.0%), from €9,303 to €12,833
- Trade debts +€1,239
up €1,239 (+64.7%), from €1,916 to €3,155
- Gross operating margin +€10,239
up €10,239 (+133%), from €7,705 to €17,944
- Taxes +€2,931
up €2,931 (+115%), from €2,554 to €5,485
- Other operating charges +€1,050
up €1,050 (+105%), from €1,000 to €2,050
- Depreciation +€544
up €544 (+64.3%), from €847 to €1,392
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 | €27,189 | €46,249 | +€19,060 | +70.1% |
| Fixed assets | 21/28 | €4,858 | €6,809 | +€1,950 | +40.1% |
| Tangible fixed assets | 22/27 | €4,858 | €6,809 | +€1,950 | +40.1% |
| Land and buildings | 22 | €4,858 | €5,561 | +€703 | +14.5% |
| Furniture and vehicles | 24 | - | €1,248 | +€1,248 | |
| Current assets | 29/58 | €22,331 | €39,441 | +€17,109 | +76.6% |
| Amounts receivable within one year | 40/41 | €407 | €9,663 | +€9,256 | +2,274% |
| Trade receivables | 40 | - | €9,139 | +€9,139 | |
| Other amounts receivable | 41 | €407 | €524 | +€117 | +28.8% |
| Cash at bank and in hand | 54/58 | €20,838 | €27,423 | +€6,585 | +31.6% |
| Deferred charges and accrued income | 490/1 | €1,086 | €2,354 | +€1,268 | +117% |
| Total equity and liabilities | 10/49 | €27,189 | €46,249 | +€19,060 | +70.1% |
| Equity | 10/15 | €9,257 | €18,202 | +€8,945 | +96.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €3,257 | €12,202 | +€8,945 | +275% |
| Distributable reserves | 133 | €3,257 | €12,202 | +€8,945 | +275% |
| Amounts payable | 17/49 | €17,933 | €28,047 | +€10,114 | +56.4% |
| Amounts payable within one year | 42/48 | €17,933 | €28,047 | +€10,114 | +56.4% |
| Trade debts | 44 | €1,916 | €3,155 | +€1,239 | +64.7% |
| Suppliers | 440/4 | €1,916 | €3,155 | +€1,239 | +64.7% |
| Taxes, remuneration and social security | 45 | €6,714 | €12,059 | +€5,345 | +79.6% |
| Taxes | 450/3 | €3,864 | €9,209 | +€5,345 | +138% |
| Remuneration and social security | 454/9 | €2,850 | €2,850 | = | 0.0% |
| Other amounts payable | 47/48 | €9,303 | €12,833 | +€3,531 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €1,392 | +€544 | +64.3% |
| Other operating charges | 640/8 | €1,000 | €2,050 | +€1,050 | +105% |
| Gross operating margin | 9900 | €7,705 | €17,944 | +€10,239 | +133% |
| Operating profit (loss) | 9901 | €5,858 | €14,502 | +€8,644 | +148% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €47 | €72 | +€24 | +51.6% |
| Recurring financial charges | 65 | €47 | €72 | +€24 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €5,811 | €14,430 | +€8,620 | +148% |
| Income taxes | 67/77 | €2,554 | €5,485 | +€2,931 | +115% |
| Profit (loss) for the period | 9904 | €3,257 | €8,945 | +€5,689 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €3,257 | €8,945 | +€5,689 | +175% |
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 29 October 2026 via checked.be.