Guy@vises: 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@vises
Largest movements
- Receivables within one year +€21,882
up €21,882 (+162%), from €13,480 to €35,363
of which Trade receivables: +€14,182
- Stocks and contracts -€6,189
down €6,189 (-67.4%), from €9,187 to €2,999
- Cash -€5,367
down €5,367 (-15.4%), from €34,941 to €29,574
mainly Receivables within one year (-€21,882) and Trade debts (-€456)
- Reserves +€8,295
up €8,295 (+22.0%), from €37,786 to €46,080
- Tax, wage and social debts +€1,965
up €1,965 (+153%), from €1,287 to €3,252
- Gross operating margin -€17,544
down €17,544 (-51.7%), from €33,909 to €16,365
- Taxes -€6,633
down €6,633 (-63.6%), from €10,423 to €3,790
- Financial income -€4,974
down €4,974 (-95.8%), from €5,190 to €216
- Financial charges -€508
down €508 (-67.0%), from €758 to €250
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 | €60,247 | €70,050 | +€9,804 | +16.3% |
| Fixed assets | 21/28 | €2,638 | €2,115 | -€523 | -19.8% |
| Tangible fixed assets | 22/27 | €2,397 | €1,874 | -€523 | -21.8% |
| Plant, machinery and equipment | 23 | €2,397 | €1,874 | -€523 | -21.8% |
| Financial fixed assets | 28 | €241 | €241 | = | 0.0% |
| Current assets | 29/58 | €57,609 | €67,935 | +€10,327 | +17.9% |
| Stocks and contracts in progress | 3 | €9,187 | €2,999 | -€6,189 | -67.4% |
| Stocks | 30/36 | €9,187 | €2,999 | -€6,189 | -67.4% |
| Amounts receivable within one year | 40/41 | €13,480 | €35,363 | +€21,882 | +162% |
| Trade receivables | 40 | €11,227 | €25,409 | +€14,182 | +126% |
| Other amounts receivable | 41 | €2,254 | €9,954 | +€7,700 | +342% |
| Cash at bank and in hand | 54/58 | €34,941 | €29,574 | -€5,367 | -15.4% |
| Total equity and liabilities | 10/49 | €60,247 | €70,050 | +€9,804 | +16.3% |
| Equity | 10/15 | €56,386 | €64,680 | +€8,295 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,786 | €46,080 | +€8,295 | +22.0% |
| Distributable reserves | 133 | €37,786 | €46,080 | +€8,295 | +22.0% |
| Amounts payable | 17/49 | €3,861 | €5,370 | +€1,509 | +39.1% |
| Amounts payable within one year | 42/48 | €3,861 | €5,370 | +€1,509 | +39.1% |
| Trade debts | 44 | €2,574 | €2,117 | -€456 | -17.7% |
| Suppliers | 440/4 | €2,574 | €2,117 | -€456 | -17.7% |
| Taxes, remuneration and social security | 45 | €1,287 | €3,252 | +€1,965 | +153% |
| Taxes | 450/3 | €1,287 | €3,252 | +€1,965 | +153% |
| Remuneration, social security and pensions | 62 | €2,846 | €2,846 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | €523 | +€45 | +9.3% |
| Other operating charges | 640/8 | €1,167 | €878 | -€289 | -24.8% |
| Gross operating margin | 9900 | €33,909 | €16,365 | -€17,544 | -51.7% |
| Operating profit (loss) | 9901 | €29,418 | €12,118 | -€17,300 | -58.8% |
| Financial income | 75/76B | €5,190 | €216 | -€4,974 | -95.8% |
| Recurring financial income | 75 | €5,190 | €216 | -€4,974 | -95.8% |
| Financial charges | 65/66B | €758 | €250 | -€508 | -67.0% |
| Recurring financial charges | 65 | €758 | €250 | -€508 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €33,850 | €12,084 | -€21,766 | -64.3% |
| Income taxes | 67/77 | €10,423 | €3,790 | -€6,633 | -63.6% |
| Profit (loss) for the period | 9904 | €23,427 | €8,295 | -€15,133 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,427 | €8,295 | -€15,133 | -64.6% |
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 22 October 2026 via checked.be.