GUVO: 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.
GUVO
Largest movements
- Cash -€63,843
down €63,843 (-11.4%), from €559,816 to €495,973
mainly Contributions, distributions and other (-€43,034) and Net result for the year (-€41,072)
- Receivables within one year -€9,754
down €9,754 (-97.1%), from €10,049 to €295
of which Trade receivables: -€6,050
- Tangible fixed assets -€8,926
down €8,926 (-34.5%), from €25,848 to €16,922
of which Furniture and vehicles: -€4,734
- Reserves -€43,034
down €43,034 (-8.2%), from €525,423 to €482,389
of which Distributable reserves: -€43,034
- Profit (loss) carried forward -€41,072
down €41,072 (-75.3%), from €54,571 to €13,499
- Gross operating margin -€58,535
down €58,535, from €18,437 to -€40,098
- Taxes -€33,144
down €33,144, from €29,503 to -€3,640
- Financial income +€3,785
up €3,785 (+220%), from €1,718 to €5,503
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 | €595,893 | €513,369 | -€82,524 | -13.8% |
| Fixed assets | 21/28 | €26,028 | €17,102 | -€8,926 | -34.3% |
| Tangible fixed assets | 22/27 | €25,848 | €16,922 | -€8,926 | -34.5% |
| Plant, machinery and equipment | 23 | €4,817 | €862 | -€3,956 | -82.1% |
| Furniture and vehicles | 24 | €20,794 | €16,060 | -€4,734 | -22.8% |
| Other tangible fixed assets | 26 | €236 | - | -€236 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €569,864 | €496,267 | -€73,597 | -12.9% |
| Amounts receivable within one year | 40/41 | €10,049 | €295 | -€9,754 | -97.1% |
| Trade receivables | 40 | €6,050 | - | -€6,050 | |
| Other amounts receivable | 41 | €3,999 | €295 | -€3,704 | -92.6% |
| Cash at bank and in hand | 54/58 | €559,816 | €495,973 | -€63,843 | -11.4% |
| Total equity and liabilities | 10/49 | €595,893 | €513,369 | -€82,524 | -13.8% |
| Equity | 10/15 | €579,994 | €495,888 | -€84,106 | -14.5% |
| Reserves | 13 | €525,423 | €482,389 | -€43,034 | -8.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €523,568 | €480,534 | -€43,034 | -8.2% |
| Profit (loss) carried forward | 14 | €54,571 | €13,499 | -€41,072 | -75.3% |
| Amounts payable | 17/49 | €15,898 | €17,481 | +€1,583 | +10.0% |
| Amounts payable within one year | 42/48 | €15,898 | €17,481 | +€1,583 | +10.0% |
| Trade debts | 44 | €178 | €1,527 | +€1,349 | +757% |
| Suppliers | 440/4 | €178 | €1,527 | +€1,349 | +757% |
| Taxes, remuneration and social security | 45 | €2,321 | - | -€2,321 | |
| Remuneration and social security | 454/9 | €2,321 | - | -€2,321 | |
| Other amounts payable | 47/48 | €13,399 | €15,954 | +€2,555 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,190 | €8,926 | -€264 | -2.9% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €18,437 | -€40,098 | -€58,535 | |
| Operating profit (loss) | 9901 | €8,348 | -€49,953 | -€58,301 | |
| Financial income | 75/76B | €1,718 | €5,503 | +€3,785 | +220% |
| Recurring financial income | 75 | €1,718 | €5,503 | +€3,785 | +220% |
| Financial charges | 65/66B | €154 | €263 | +€109 | +70.7% |
| Recurring financial charges | 65 | €154 | €263 | +€109 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €9,912 | -€44,713 | -€54,624 | |
| Income taxes | 67/77 | €29,503 | -€3,640 | -€33,144 | |
| Profit (loss) for the period | 9904 | -€19,592 | -€41,072 | -€21,481 | -110% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,592 | -€41,072 | -€21,481 | -110% |
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 17 October 2026 via checked.be.