GUYCO: what changed
GUYCO
Largest movements
- Cash -€27,156
down €27,156 (-72.9%), from €37,256 to €10,100
mainly Contributions, distributions and other (-€26,667) and Tax, wage and social debts (-€8,297)
- Tangible fixed assets -€8,498
down €8,498 (-33.7%), from €25,184 to €16,686
of which Leasing and similar rights: -€6,477
- Profit (loss) carried forward -€31,430
no longer reported in 2025 (was €31,430)
- Tax, wage and social debts -€8,297
down €8,297 (-45.8%), from €18,132 to €9,835
- Other debts +€7,347
up €7,347 (+32.9%), from €22,317 to €29,664
- Debts after one year -€6,457
down €6,457 (-41.2%), from €15,689 to €9,232
- Trade debts +€2,300
up €2,300 (+228%), from €1,008 to €3,308
- Gross operating margin -€21,463
down €21,463 (-66.0%), from €32,505 to €11,041
- Taxes -€5,329
down €5,329 (-64.1%), from €8,313 to €2,984
- Financial charges +€2,117
up €2,117 (+170%), from €1,242 to €3,359
- Depreciation +€512
up €512 (+6.2%), from €8,255 to €8,767
- Other operating charges +€409
up €409 (+143%), from €285 to €695
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,730 | €61,495 | -€36,235 | -37.1% |
| Fixed assets | 21/28 | €25,946 | €17,178 | -€8,767 | -33.8% |
| Intangible fixed assets | 21 | €762 | €492 | -€270 | -35.4% |
| Tangible fixed assets | 22/27 | €25,184 | €16,686 | -€8,498 | -33.7% |
| Furniture and vehicles | 24 | €4,810 | €2,789 | -€2,021 | -42.0% |
| Leasing and similar rights | 25 | €20,374 | €13,897 | -€6,477 | -31.8% |
| Current assets | 29/58 | €71,785 | €44,317 | -€27,467 | -38.3% |
| Amounts receivable within one year | 40/41 | €34,529 | €33,627 | -€902 | -2.6% |
| Trade receivables | 40 | €27,842 | €21,610 | -€6,231 | -22.4% |
| Other amounts receivable | 41 | €6,687 | €12,016 | +€5,329 | +79.7% |
| Cash at bank and in hand | 54/58 | €37,256 | €10,100 | -€27,156 | -72.9% |
| Deferred charges and accrued income | 490/1 | - | €590 | +€590 | |
| Total equity and liabilities | 10/49 | €97,730 | €61,495 | -€36,235 | -37.1% |
| Equity | 10/15 | €34,430 | €3,000 | -€31,430 | -91.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,430 | - | -€31,430 | |
| Amounts payable | 17/49 | €63,300 | €58,495 | -€4,805 | -7.6% |
| Amounts payable after more than one year | 17 | €15,689 | €9,232 | -€6,457 | -41.2% |
| Financial debts | 170/4 | €15,689 | €9,232 | -€6,457 | -41.2% |
| Amounts payable within one year | 42/48 | €47,611 | €49,263 | +€1,652 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €6,154 | €6,457 | +€303 | +4.9% |
| Trade debts | 44 | €1,008 | €3,308 | +€2,300 | +228% |
| Suppliers | 440/4 | €1,008 | €3,308 | +€2,300 | +228% |
| Taxes, remuneration and social security | 45 | €18,132 | €9,835 | -€8,297 | -45.8% |
| Taxes | 450/3 | €18,132 | €9,835 | -€8,297 | -45.8% |
| Other amounts payable | 47/48 | €22,317 | €29,664 | +€7,347 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,255 | €8,767 | +€512 | +6.2% |
| Other operating charges | 640/8 | €285 | €695 | +€409 | +143% |
| Gross operating margin | 9900 | €32,505 | €11,041 | -€21,463 | -66.0% |
| Operating profit (loss) | 9901 | €23,964 | €1,579 | -€22,385 | -93.4% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.2% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.2% |
| Financial charges | 65/66B | €1,242 | €3,359 | +€2,117 | +170% |
| Recurring financial charges | 65 | €1,242 | €3,359 | +€2,117 | +170% |
| Profit (loss) for the period before taxes | 9903 | €22,726 | -€1,779 | -€24,506 | |
| Income taxes | 67/77 | €8,313 | €2,984 | -€5,329 | -64.1% |
| Profit (loss) for the period | 9904 | €14,413 | -€4,763 | -€19,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,413 | -€4,763 | -€19,176 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.