GUY: 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.
GUY
Largest movements
- Cash -€153,221
down €153,221 (-57.3%), from €267,259 to €114,038
mainly Receivables within one year (-€111,664) and Investment in fixed assets (net) (-€100,733)
- Receivables within one year +€111,664
up €111,664 (+147%), from €75,764 to €187,428
- Tangible fixed assets +€41,570
up €41,570 (+34.1%), from €122,077 to €163,647
of which Plant, machinery and equipment: +€40,214
- Deferred charges and accrued income +€6,220
up €6,220 (+49.2%), from €12,631 to €18,851
- Other debts -€67,309
down €67,309 (-86.3%), from €78,004 to €10,695
- Tax, wage and social debts +€37,477
up €37,477 (+97.4%), from €38,462 to €75,938
of which Taxes: +€31,878
- Debts after one year +€19,034
up €19,034 (+61.8%), from €30,793 to €49,827
- Short-term financial debts +€16,666
up €16,666 (+336%), from €4,958 to €21,624
- Staff costs -€20,095
down €20,095 (-11.4%), from €175,801 to €155,705
- Other operating charges +€9,860
up €9,860 (+91.1%), from €10,822 to €20,682
- Depreciation +€8,003
up €8,003 (+15.6%), from €51,159 to €59,163
- Gross operating margin +€5,507
up €5,507 (+2.3%), from €236,674 to €242,181
- Taxes -€3,016
down €3,016 (-35.1%), from €8,585 to €5,569
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 | €477,780 | €484,014 | +€6,233 | +1.3% |
| Fixed assets | 21/28 | €122,127 | €163,697 | +€41,570 | +34.0% |
| Tangible fixed assets | 22/27 | €122,077 | €163,647 | +€41,570 | +34.1% |
| Plant, machinery and equipment | 23 | €37,340 | €77,555 | +€40,214 | +108% |
| Furniture and vehicles | 24 | €84,737 | €86,093 | +€1,356 | +1.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €355,654 | €320,317 | -€35,337 | -9.9% |
| Amounts receivable within one year | 40/41 | €75,764 | €187,428 | +€111,664 | +147% |
| Trade receivables | 40 | €75,764 | €187,428 | +€111,664 | +147% |
| Cash at bank and in hand | 54/58 | €267,259 | €114,038 | -€153,221 | -57.3% |
| Deferred charges and accrued income | 490/1 | €12,631 | €18,851 | +€6,220 | +49.2% |
| Total equity and liabilities | 10/49 | €477,780 | €484,014 | +€6,233 | +1.3% |
| Equity | 10/15 | €305,387 | €305,607 | +€220 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €284,927 | €285,147 | +€220 | +0.1% |
| Amounts payable | 17/49 | €172,393 | €178,407 | +€6,014 | +3.5% |
| Amounts payable after more than one year | 17 | €30,793 | €49,827 | +€19,034 | +61.8% |
| Financial debts | 170/4 | €30,793 | €49,827 | +€19,034 | +61.8% |
| Amounts payable within one year | 42/48 | €141,600 | €128,580 | -€13,020 | -9.2% |
| Financial debts | 43 | €4,958 | €21,624 | +€16,666 | +336% |
| Credit institutions | 430/8 | €4,958 | €21,624 | +€16,666 | +336% |
| Trade debts | 44 | €20,177 | €20,322 | +€146 | +0.7% |
| Suppliers | 440/4 | €20,177 | €20,322 | +€146 | +0.7% |
| Taxes, remuneration and social security | 45 | €38,462 | €75,938 | +€37,477 | +97.4% |
| Taxes | 450/3 | €15,498 | €47,375 | +€31,878 | +206% |
| Remuneration and social security | 454/9 | €22,964 | €28,563 | +€5,599 | +24.4% |
| Other amounts payable | 47/48 | €78,004 | €10,695 | -€67,309 | -86.3% |
| Non-recurring operating income | 76A | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €175,801 | €155,705 | -€20,095 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,159 | €59,163 | +€8,003 | +15.6% |
| Other operating charges | 640/8 | €10,822 | €20,682 | +€9,860 | +91.1% |
| Gross operating margin | 9900 | €236,674 | €242,181 | +€5,507 | +2.3% |
| Operating profit (loss) | 9901 | -€1,109 | €6,631 | +€7,740 | |
| Financial charges | 65/66B | €893 | €842 | -€50 | -5.7% |
| Recurring financial charges | 65 | €893 | €842 | -€50 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,001 | €5,789 | +€7,790 | |
| Income taxes | 67/77 | €8,585 | €5,569 | -€3,016 | -35.1% |
| Profit (loss) for the period | 9904 | -€10,586 | €220 | +€10,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,586 | €220 | +€10,806 |
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 30 October 2026 via checked.be.