GUYDES: 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.
GUYDES
Largest movements
- Cash +€19,730
up €19,730 (+45.4%), from €43,412 to €63,142
mainly Net result for the year (+€53,824) and Depreciation (+€19,299)
- Tangible fixed assets -€18,437
down €18,437 (-27.3%), from €67,552 to €49,115
of which Furniture and vehicles: -€15,801
- Current investments +€15,869
up €15,869 (+9.0%), from €176,500 to €192,369
- Deferred charges and accrued income -€6,667
down €6,667 (-47.0%), from €14,185 to €7,518
- Reserves +€45,000
up €45,000 (+64.1%), from €70,150 to €115,150
of which Distributable reserves: +€45,000
- Debts after one year -€39,921
down €39,921 (-41.9%), from €95,175 to €55,254
of which Other amounts payable: -€24,000
- Profit (loss) carried forward +€8,824
up €8,824 (+12.4%), from €71,006 to €79,830
- Trade debts -€7,117
down €7,117 (-77.4%), from €9,193 to €2,076
- Tax, wage and social debts +€5,495
up €5,495 (+23.0%), from €23,939 to €29,434
of which Taxes: +€5,250
- Gross operating margin +€15,269
up €15,269 (+14.7%), from €104,139 to €119,408
- Taxes +€6,360
up €6,360 (+32.0%), from €19,853 to €26,213
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 | €301,849 | €312,344 | +€10,495 | +3.5% |
| Fixed assets | 21/28 | €67,752 | €49,315 | -€18,437 | -27.2% |
| Tangible fixed assets | 22/27 | €67,552 | €49,115 | -€18,437 | -27.3% |
| Plant, machinery and equipment | 23 | €9,413 | €6,777 | -€2,636 | -28.0% |
| Furniture and vehicles | 24 | €58,139 | €42,338 | -€15,801 | -27.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €234,097 | €263,029 | +€28,932 | +12.4% |
| Current investments | 50/53 | €176,500 | €192,369 | +€15,869 | +9.0% |
| Cash at bank and in hand | 54/58 | €43,412 | €63,142 | +€19,730 | +45.4% |
| Deferred charges and accrued income | 490/1 | €14,185 | €7,518 | -€6,667 | -47.0% |
| Total equity and liabilities | 10/49 | €301,849 | €312,344 | +€10,495 | +3.5% |
| Equity | 10/15 | €153,556 | €207,380 | +€53,824 | +35.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,150 | €115,150 | +€45,000 | +64.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,290 | €113,290 | +€45,000 | +65.9% |
| Profit (loss) carried forward | 14 | €71,006 | €79,830 | +€8,824 | +12.4% |
| Amounts payable | 17/49 | €148,293 | €104,964 | -€43,329 | -29.2% |
| Amounts payable after more than one year | 17 | €95,175 | €55,254 | -€39,921 | -41.9% |
| Financial debts | 170/4 | €45,175 | €29,254 | -€15,921 | -35.2% |
| Other amounts payable | 178/9 | €50,000 | €26,000 | -€24,000 | -48.0% |
| Amounts payable within one year | 42/48 | €53,118 | €49,710 | -€3,408 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €17,714 | €15,921 | -€1,793 | -10.1% |
| Financial debts | 43 | - | €64 | +€64 | |
| Credit institutions | 430/8 | - | €64 | +€64 | |
| Trade debts | 44 | €9,193 | €2,076 | -€7,117 | -77.4% |
| Suppliers | 440/4 | €9,193 | €2,076 | -€7,117 | -77.4% |
| Taxes, remuneration and social security | 45 | €23,939 | €29,434 | +€5,495 | +23.0% |
| Taxes | 450/3 | €20,731 | €25,981 | +€5,250 | +25.3% |
| Remuneration and social security | 454/9 | €3,208 | €3,453 | +€245 | +7.6% |
| Other amounts payable | 47/48 | €2,272 | €2,215 | -€57 | -2.5% |
| Remuneration, social security and pensions | 62 | €15,064 | €16,168 | +€1,104 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,305 | €19,299 | -€1,006 | -5.0% |
| Other operating charges | 640/8 | €1,631 | €1,294 | -€337 | -20.7% |
| Gross operating margin | 9900 | €104,139 | €119,408 | +€15,269 | +14.7% |
| Operating profit (loss) | 9901 | €67,139 | €82,647 | +€15,508 | +23.1% |
| Financial income | 75/76B | €538 | €19 | -€519 | -96.5% |
| Recurring financial income | 75 | €538 | €19 | -€519 | -96.5% |
| Financial charges | 65/66B | €2,757 | €2,629 | -€128 | -4.6% |
| Recurring financial charges | 65 | €2,757 | €2,629 | -€128 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €64,920 | €80,037 | +€15,117 | +23.3% |
| Income taxes | 67/77 | €19,853 | €26,213 | +€6,360 | +32.0% |
| Profit (loss) for the period | 9904 | €45,067 | €53,824 | +€8,757 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,067 | €53,824 | +€8,757 | +19.4% |
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 10 October 2026 via checked.be.