GUVI: 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.
GUVI
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€129,088
up €129,088 (+131.6%), from €98,101 to €227,189
mainly Current investments (+€150,000) and Receivables within one year (+€78,735)
- Receivables within one year -€78,735
down €78,735 (-89.0%), from €88,433 to €9,697
of which Other amounts receivable: -€78,150
- Tangible fixed assets -€29,879
down €29,879 (-33.4%), from €89,577 to €59,698
- Reserves -€112,150
down €112,150 (-28.2%), from €398,250 to €286,100
- Tax, wage and social debts -€7,392
no longer reported in 2025 (was €7,392)
of which Taxes: -€5,965
- Current portion of long-term debt -€6,199
down €6,199 (-58.4%), from €10,617 to €4,418
- Debts after one year -€4,418
no longer reported in 2025 (was €4,418)
- Gross operating margin +€10,213
up €10,213 (+12.6%), from €81,053 to €91,266
- Taxes +€3,659
up €3,659 (+17.0%), from €21,495 to €25,154
- Financial income -€2,236
down €2,236 (-15.4%), from €14,486 to €12,251
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 | €436,027 | €306,300 | -€129,727 | -29.8% |
| Fixed assets | 21/28 | €89,577 | €59,698 | -€29,879 | -33.4% |
| Tangible fixed assets | 22/27 | €89,577 | €59,698 | -€29,879 | -33.4% |
| Land and buildings | 22 | €11,637 | €9,984 | -€1,653 | -14.2% |
| Plant, machinery and equipment | 23 | €25,601 | €20,113 | -€5,488 | -21.4% |
| Furniture and vehicles | 24 | €32,037 | €18,028 | -€14,010 | -43.7% |
| Leasing and similar rights | 25 | €20,302 | €11,574 | -€8,728 | -43.0% |
| Current assets | 29/58 | €346,449 | €246,602 | -€99,848 | -28.8% |
| Stocks and contracts in progress | 3 | €712 | €244 | -€468 | -65.7% |
| Stocks | 30/36 | €712 | €244 | -€468 | -65.7% |
| Amounts receivable within one year | 40/41 | €88,433 | €9,697 | -€78,735 | -89.0% |
| Trade receivables | 40 | €1,647 | €1,062 | -€585 | -35.5% |
| Other amounts receivable | 41 | €86,785 | €8,635 | -€78,150 | -90.0% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €98,101 | €227,189 | +€129,088 | +131.6% |
| Deferred charges and accrued income | 490/1 | €9,204 | €9,471 | +€267 | +2.9% |
| Total equity and liabilities | 10/49 | €436,027 | €306,300 | -€129,727 | -29.8% |
| Equity | 10/15 | €412,811 | €300,671 | -€112,140 | -27.2% |
| Contributions | 10/11 | €10,230 | €10,230 | = | 0.0% |
| Reserves | 13 | €398,250 | €286,100 | -€112,150 | -28.2% |
| Distributable reserves | 133 | €398,250 | €286,100 | -€112,150 | -28.2% |
| Profit (loss) carried forward | 14 | €4,331 | €4,341 | +€10 | +0.2% |
| Amounts payable | 17/49 | €23,216 | €5,629 | -€17,587 | -75.8% |
| Amounts payable after more than one year | 17 | €4,418 | - | -€4,418 | |
| Financial debts | 170/4 | €4,418 | - | -€4,418 | |
| Amounts payable within one year | 42/48 | €18,798 | €5,629 | -€13,169 | -70.1% |
| Current portion of amounts payable after more than one year | 42 | €10,617 | €4,418 | -€6,199 | -58.4% |
| Trade debts | 44 | €789 | €1,211 | +€423 | +53.6% |
| Suppliers | 440/4 | €789 | €1,211 | +€423 | +53.6% |
| Taxes, remuneration and social security | 45 | €7,392 | - | -€7,392 | |
| Taxes | 450/3 | €5,965 | - | -€5,965 | |
| Remuneration and social security | 454/9 | €1,427 | - | -€1,427 | |
| Remuneration, social security and pensions | 62 | €1,507 | €1,144 | -€363 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,480 | €31,844 | +€364 | +1.2% |
| Other operating charges | 640/8 | €1,970 | €1,944 | -€26 | -1.3% |
| Gross operating margin | 9900 | €81,053 | €91,266 | +€10,213 | +12.6% |
| Operating profit (loss) | 9901 | €46,096 | €56,334 | +€10,238 | +22.2% |
| Financial income | 75/76B | €14,486 | €12,251 | -€2,236 | -15.4% |
| Recurring financial income | 75 | €14,486 | €12,251 | -€2,236 | -15.4% |
| Financial charges | 65/66B | €1,398 | €1,171 | -€226 | -16.2% |
| Recurring financial charges | 65 | €1,398 | €1,171 | -€226 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €59,185 | €67,414 | +€8,229 | +13.9% |
| Income taxes | 67/77 | €21,495 | €25,154 | +€3,659 | +17.0% |
| Profit (loss) for the period | 9904 | €37,690 | €42,260 | +€4,570 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,690 | €42,260 | +€4,570 | +12.1% |
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.