GUYVIN: 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.
GUYVIN
Largest movements
- Receivables within one year -€45,421
down €45,421 (-39.6%), from €114,810 to €69,389
of which Trade receivables: -€56,086
- Cash +€44,779
up €44,779 (+32.1%), from €139,379 to €184,158
mainly Net result for the year (+€210,917) and Receivables within one year (+€45,421)
- Stocks and contracts +€6,981
up €6,981 (+4.4%), from €160,278 to €167,259
- Tangible fixed assets -€4,409
down €4,409 (-21.4%), from €20,629 to €16,220
of which Plant, machinery and equipment: -€3,210
- Trade debts +€9,504
up €9,504 (+41.8%), from €22,730 to €32,234
- Tax, wage and social debts -€5,922
down €5,922 (-21.1%), from €28,068 to €22,146
- Gross operating margin +€7,653
up €7,653 (+2.0%), from €387,576 to €395,229
- Write-downs +€4,226
up €4,226 (+181.7%), from €2,326 to €6,552
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 | €438,536 | €440,721 | +€2,184 | +0.5% |
| Fixed assets | 21/28 | €22,679 | €18,270 | -€4,409 | -19.4% |
| Tangible fixed assets | 22/27 | €20,629 | €16,220 | -€4,409 | -21.4% |
| Plant, machinery and equipment | 23 | €8,936 | €5,727 | -€3,210 | -35.9% |
| Furniture and vehicles | 24 | €11,693 | €8,694 | -€3,000 | -25.7% |
| Other tangible fixed assets | 26 | - | €1,800 | +€1,800 | |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €415,857 | €422,451 | +€6,593 | +1.6% |
| Stocks and contracts in progress | 3 | €160,278 | €167,259 | +€6,981 | +4.4% |
| Stocks | 30/36 | €160,278 | €167,259 | +€6,981 | +4.4% |
| Amounts receivable within one year | 40/41 | €114,810 | €69,389 | -€45,421 | -39.6% |
| Trade receivables | 40 | €107,452 | €51,367 | -€56,086 | -52.2% |
| Other amounts receivable | 41 | €7,358 | €18,022 | +€10,665 | +144.9% |
| Cash at bank and in hand | 54/58 | €139,379 | €184,158 | +€44,779 | +32.1% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,645 | +€254 | +18.3% |
| Total equity and liabilities | 10/49 | €438,536 | €440,721 | +€2,184 | +0.5% |
| Equity | 10/15 | €180,192 | €181,109 | +€917 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €173,992 | €174,909 | +€917 | +0.5% |
| Tax-exempt reserves | 132 | €32,079 | €32,079 | = | 0.0% |
| Distributable reserves | 133 | €141,913 | €142,830 | +€917 | +0.6% |
| Amounts payable | 17/49 | €258,344 | €259,611 | +€1,267 | +0.5% |
| Amounts payable after more than one year | 17 | €207,547 | €205,232 | -€2,315 | -1.1% |
| Financial debts | 170/4 | €207,547 | €205,232 | -€2,315 | -1.1% |
| Amounts payable within one year | 42/48 | €50,798 | €54,380 | +€3,582 | +7.1% |
| Trade debts | 44 | €22,730 | €32,234 | +€9,504 | +41.8% |
| Suppliers | 440/4 | €22,730 | €32,234 | +€9,504 | +41.8% |
| Taxes, remuneration and social security | 45 | €28,068 | €22,146 | -€5,922 | -21.1% |
| Taxes | 450/3 | €28,068 | €22,146 | -€5,922 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,520 | €6,209 | +€689 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,326 | €6,552 | +€4,226 | +181.7% |
| Other operating charges | 640/8 | €166,051 | €166,773 | +€722 | +0.4% |
| Gross operating margin | 9900 | €387,576 | €395,229 | +€7,653 | +2.0% |
| Operating profit (loss) | 9901 | €213,680 | €215,695 | +€2,015 | +0.9% |
| Financial income | 75/76B | €1,021 | €512 | -€509 | -49.8% |
| Recurring financial income | 75 | €1,021 | €512 | -€509 | -49.8% |
| Financial charges | 65/66B | €1,488 | €1,391 | -€97 | -6.5% |
| Recurring financial charges | 65 | €1,488 | €1,391 | -€97 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €213,213 | €214,816 | +€1,604 | +0.8% |
| Income taxes | 67/77 | €3,231 | €3,899 | +€669 | +20.7% |
| Profit (loss) for the period | 9904 | €209,982 | €210,917 | +€935 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €209,982 | €210,917 | +€935 | +0.4% |
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 2 October 2026 via checked.be.