GUZMANZI: what changed
GUZMANZI
Largest movements
- Receivables within one year -€46,146
down €46,146 (-93.3%), from €49,472 to €3,326
of which Trade receivables: -€48,506
- Tangible fixed assets -€9,006
down €9,006 (-98.2%), from €9,169 to €163
- Cash -€4,440
down €4,440 (-99.4%), from €4,465 to €26
mainly Trade debts (-€34,717) and Tax, wage and social debts (-€12,948)
- Trade debts -€34,717
down €34,717 (-74.2%), from €46,760 to €12,043
- Tax, wage and social debts -€12,948
down €12,948 (-76.9%), from €16,843 to €3,894
of which Taxes: -€12,948
- Current portion of long-term debt -€9,734
down €9,734 (-100%), from €9,734 to €0
- Other debts -€4,856
no longer reported in 2025 (was €4,856)
- Profit (loss) carried forward +€4,061
up €4,061 (+19.1%), from -€21,284 to -€17,223
- Gross operating margin -€9,738
down €9,738 (-80.0%), from €12,180 to €2,441
- Depreciation -€5,285
down €5,285 (-95.3%), from €5,547 to €262
- Financial income +€4,343
up €4,343 (+43,433,000%), from €0 to €4,343
- Financial charges -€3,054
down €3,054 (-63.1%), from €4,843 to €1,789
- Other operating charges +€308
up €308 (+85.9%), from €359 to €668
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 | €63,366 | €3,715 | -€59,651 | -94.1% |
| Fixed assets | 21/28 | €9,429 | €363 | -€9,066 | -96.1% |
| Tangible fixed assets | 22/27 | €9,169 | €163 | -€9,006 | -98.2% |
| Furniture and vehicles | 24 | €9,169 | €163 | -€9,006 | -98.2% |
| Financial fixed assets | 28 | €260 | €200 | -€60 | -23.1% |
| Current assets | 29/58 | €53,937 | €3,352 | -€50,585 | -93.8% |
| Amounts receivable within one year | 40/41 | €49,472 | €3,326 | -€46,146 | -93.3% |
| Trade receivables | 40 | €49,472 | €965 | -€48,506 | -98.0% |
| Other amounts receivable | 41 | - | €2,361 | +€2,361 | |
| Cash at bank and in hand | 54/58 | €4,465 | €26 | -€4,440 | -99.4% |
| Total equity and liabilities | 10/49 | €63,366 | €3,715 | -€59,651 | -94.1% |
| Equity | 10/15 | -€16,284 | -€12,223 | +€4,061 | +24.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,284 | -€17,223 | +€4,061 | +19.1% |
| Amounts payable | 17/49 | €79,650 | €15,938 | -€63,713 | -80.0% |
| Amounts payable after more than one year | 17 | €1,425 | €0 | -€1,425 | -100% |
| Financial debts | 170/4 | €1,425 | €0 | -€1,425 | -100% |
| Amounts payable within one year | 42/48 | €78,193 | €15,938 | -€62,255 | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €9,734 | €0 | -€9,734 | -100% |
| Trade debts | 44 | €46,760 | €12,043 | -€34,717 | -74.2% |
| Suppliers | 440/4 | €46,760 | €12,043 | -€34,717 | -74.2% |
| Taxes, remuneration and social security | 45 | €16,843 | €3,894 | -€12,948 | -76.9% |
| Taxes | 450/3 | €16,374 | €3,426 | -€12,948 | -79.1% |
| Remuneration and social security | 454/9 | €469 | €468 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €4,856 | - | -€4,856 | |
| Accrued charges and deferred income | 492/3 | €33 | €0 | -€33 | -100% |
| Non-recurring operating income | 76A | - | €4,831 | +€4,831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,547 | €262 | -€5,285 | -95.3% |
| Other operating charges | 640/8 | €359 | €668 | +€308 | +85.9% |
| Gross operating margin | 9900 | €12,180 | €2,441 | -€9,738 | -80.0% |
| Operating profit (loss) | 9901 | €6,274 | €1,512 | -€4,762 | -75.9% |
| Financial income | 75/76B | €0 | €4,343 | +€4,343 | +43,433,000% |
| Recurring financial income | 75 | €0 | €4,343 | +€4,343 | +43,433,000% |
| Financial charges | 65/66B | €4,843 | €1,789 | -€3,054 | -63.1% |
| Recurring financial charges | 65 | €4,843 | €1,789 | -€3,054 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €1,431 | €4,066 | +€2,635 | +184% |
| Income taxes | 67/77 | €308 | €5 | -€303 | -98.4% |
| Profit (loss) for the period | 9904 | €1,123 | €4,061 | +€2,939 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €1,123 | €4,061 | +€2,939 | +262% |
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 3 November 2026 via checked.be.