GUYLINE: what changed
Two fiscal 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.
GUYLINE
Largest movements
- Receivables within one year +€82,302
up €82,302 (+1048.1%), from €7,853 to €90,155
of which Trade receivables: +€81,820
- Current investments +€25,766
up €25,766 (+11.3%), from €228,535 to €254,301
- Tangible fixed assets -€6,923
down €6,923 (-23.5%), from €29,515 to €22,591
of which Plant, machinery and equipment: -€6,923
- Reserves +€95,115
up €95,115 (+21.4%), from €445,209 to €540,325
- Tax, wage and social debts +€19,476
up €19,476 (+161.2%), from €12,080 to €31,556
- Gross operating margin -€39,545
down €39,545 (-27.2%), from €145,256 to €105,711
- Financial charges -€24,287
down €24,287, from €5,033 to -€19,254
- Taxes -€7,579
down €7,579 (-19.4%), from €38,972 to €31,393
- Other operating charges -€6,157
down €6,157 (-78.0%), from €7,897 to €1,740
- Financial income +€2,835
up €2,835 (+38.5%), from €7,371 to €10,206
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 | €490,856 | €599,569 | +€108,713 | +22.1% |
| Fixed assets | 21/28 | €29,515 | €22,591 | -€6,923 | -23.5% |
| Tangible fixed assets | 22/27 | €29,515 | €22,591 | -€6,923 | -23.5% |
| Land and buildings | 22 | €17,427 | €17,427 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,088 | €5,165 | -€6,923 | -57.3% |
| Current assets | 29/58 | €461,341 | €576,977 | +€115,636 | +25.1% |
| Stocks and contracts in progress | 3 | €7,140 | €7,428 | +€288 | +4.0% |
| Stocks | 30/36 | €7,140 | €7,428 | +€288 | +4.0% |
| Amounts receivable within one year | 40/41 | €7,853 | €90,155 | +€82,302 | +1048.1% |
| Trade receivables | 40 | €5,262 | €87,082 | +€81,820 | +1555.0% |
| Other amounts receivable | 41 | €2,591 | €3,073 | +€481 | +18.6% |
| Current investments | 50/53 | €228,535 | €254,301 | +€25,766 | +11.3% |
| Cash at bank and in hand | 54/58 | €216,849 | €222,242 | +€5,393 | +2.5% |
| Deferred charges and accrued income | 490/1 | €965 | €2,852 | +€1,887 | +195.7% |
| Total equity and liabilities | 10/49 | €490,856 | €599,569 | +€108,713 | +22.1% |
| Equity | 10/15 | €463,809 | €558,925 | +€95,115 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €445,209 | €540,325 | +€95,115 | +21.4% |
| Distributable reserves | 133 | €445,209 | €540,325 | +€95,115 | +21.4% |
| Amounts payable | 17/49 | €27,046 | €40,644 | +€13,598 | +50.3% |
| Amounts payable within one year | 42/48 | €27,046 | €40,644 | +€13,598 | +50.3% |
| Trade debts | 44 | €11,112 | €6,802 | -€4,310 | -38.8% |
| Suppliers | 440/4 | €11,112 | €6,802 | -€4,310 | -38.8% |
| Taxes, remuneration and social security | 45 | €12,080 | €31,556 | +€19,476 | +161.2% |
| Taxes | 450/3 | €12,080 | €31,556 | +€19,476 | +161.2% |
| Other amounts payable | 47/48 | €3,855 | €2,286 | -€1,569 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,923 | €6,923 | = | 0.0% |
| Other operating charges | 640/8 | €7,897 | €1,740 | -€6,157 | -78.0% |
| Gross operating margin | 9900 | €145,256 | €105,711 | -€39,545 | -27.2% |
| Operating profit (loss) | 9901 | €130,435 | €97,048 | -€33,388 | -25.6% |
| Financial income | 75/76B | €7,371 | €10,206 | +€2,835 | +38.5% |
| Recurring financial income | 75 | €7,371 | €10,206 | +€2,835 | +38.5% |
| Financial charges | 65/66B | €5,033 | -€19,254 | -€24,287 | |
| Recurring financial charges | 65 | €5,033 | -€19,254 | -€24,287 | |
| Profit (loss) for the period before taxes | 9903 | €132,773 | €126,508 | -€6,265 | -4.7% |
| Income taxes | 67/77 | €38,972 | €31,393 | -€7,579 | -19.4% |
| Profit (loss) for the period | 9904 | €93,802 | €95,115 | +€1,314 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,802 | €95,115 | +€1,314 | +1.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.