IL GUSTO: 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.
IL GUSTO
Largest movements
- Cash -€309,950
down €309,950 (-87.0%), from €356,088 to €46,138
mainly Current investments (-€209,463) and Provisions (-€177,758)
- Current investments +€209,463
up €209,463 (+105%), from €199,418 to €408,881
- Receivables within one year +€29,808
up €29,808 (+1,365%), from €2,183 to €31,991
of which Trade receivables: +€29,808
- Stocks and contracts -€29,394
down €29,394 (-85.0%), from €34,583 to €5,189
- Tangible fixed assets -€22,217
down €22,217 (-10.0%), from €222,963 to €200,746
of which Land and buildings: -€16,527
- Provisions -€177,758
no longer reported in 2025 (was €177,758)
- Reserves +€132,381
up €132,381 (+56.8%), from €233,105 to €365,486
- Other debts -€52,022
down €52,022 (-57.1%), from €91,143 to €39,121
- Trade debts -€13,823
down €13,823 (-37.3%), from €37,098 to €23,275
- Tax, wage and social debts -€12,504
down €12,504 (-25.3%), from €49,341 to €36,837
of which Remuneration and social security: -€11,961
- Financial income +€106,986
up €106,986 (+15,746%), from €679 to €107,665
of which Non-recurring financial income: +€107,665
- Staff costs -€44,873
down €44,873 (-27.0%), from €166,110 to €121,237
- Gross operating margin -€24,629
down €24,629 (-11.6%), from €212,481 to €187,852
- Taxes +€7,483
up €7,483 (+236%), from €3,173 to €10,656
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.
Derived cash bridge
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 | €817,744 | €694,019 | -€123,725 | -15.1% |
| Fixed assets | 21/28 | €222,963 | €200,746 | -€22,217 | -10.0% |
| Tangible fixed assets | 22/27 | €222,963 | €200,746 | -€22,217 | -10.0% |
| Land and buildings | 22 | €165,729 | €149,202 | -€16,527 | -10.0% |
| Plant, machinery and equipment | 23 | €6,483 | €682 | -€5,801 | -89.5% |
| Furniture and vehicles | 24 | €1,606 | €1,167 | -€439 | -27.3% |
| Other tangible fixed assets | 26 | €49,146 | €49,695 | +€549 | +1.1% |
| Current assets | 29/58 | €594,781 | €493,273 | -€101,508 | -17.1% |
| Stocks and contracts in progress | 3 | €34,583 | €5,189 | -€29,394 | -85.0% |
| Stocks | 30/36 | €34,583 | €5,189 | -€29,394 | -85.0% |
| Amounts receivable within one year | 40/41 | €2,183 | €31,991 | +€29,808 | +1,365% |
| Trade receivables | 40 | €153 | €29,961 | +€29,808 | +19,454% |
| Other amounts receivable | 41 | €2,030 | €2,030 | -€0 | 0.0% |
| Current investments | 50/53 | €199,418 | €408,881 | +€209,463 | +105% |
| Cash at bank and in hand | 54/58 | €356,088 | €46,138 | -€309,950 | -87.0% |
| Deferred charges and accrued income | 490/1 | €2,509 | €1,074 | -€1,435 | -57.2% |
| Total equity and liabilities | 10/49 | €817,744 | €694,019 | -€123,725 | -15.1% |
| Equity | 10/15 | €462,405 | €594,786 | +€132,381 | +28.6% |
| Contributions | 10/11 | €229,300 | €229,300 | = | 0.0% |
| Reserves | 13 | €233,105 | €365,486 | +€132,381 | +56.8% |
| Distributable reserves | 133 | €233,105 | €365,486 | +€132,381 | +56.8% |
| Provisions and deferred taxes | 16 | €177,758 | - | -€177,758 | |
| Provisions for liabilities and charges | 160/5 | €177,758 | - | -€177,758 | |
| Pensions and similar obligations | 160 | €177,758 | - | -€177,758 | |
| Amounts payable | 17/49 | €177,582 | €99,233 | -€78,349 | -44.1% |
| Amounts payable within one year | 42/48 | €177,582 | €99,233 | -€78,349 | -44.1% |
| Trade debts | 44 | €37,098 | €23,275 | -€13,823 | -37.3% |
| Suppliers | 440/4 | €37,098 | €23,275 | -€13,823 | -37.3% |
| Taxes, remuneration and social security | 45 | €49,341 | €36,837 | -€12,504 | -25.3% |
| Taxes | 450/3 | €23,845 | €23,302 | -€543 | -2.3% |
| Remuneration and social security | 454/9 | €25,496 | €13,535 | -€11,961 | -46.9% |
| Other amounts payable | 47/48 | €91,143 | €39,121 | -€52,022 | -57.1% |
| Non-recurring operating income | 76A | €16,290 | €13,915 | -€2,375 | -14.6% |
| Remuneration, social security and pensions | 62 | €166,110 | €121,237 | -€44,873 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,416 | €26,079 | -€337 | -1.3% |
| Other operating charges | 640/8 | €5,646 | €4,512 | -€1,134 | -20.1% |
| Gross operating margin | 9900 | €212,481 | €187,852 | -€24,629 | -11.6% |
| Operating profit (loss) | 9901 | €14,309 | €36,024 | +€21,715 | +152% |
| Financial income | 75/76B | €679 | €107,665 | +€106,986 | +15,746% |
| Recurring financial income | 75 | €679 | €107,665 | +€106,986 | +15,746% |
| Non-recurring financial income | 76B | - | €107,665 | +€107,665 | |
| Financial charges | 65/66B | €438 | €652 | +€214 | +48.7% |
| Recurring financial charges | 65 | €438 | €652 | +€214 | +48.7% |
| Non-recurring financial charges | 66B | - | €652 | +€652 | |
| Profit (loss) for the period before taxes | 9903 | €14,550 | €143,037 | +€128,487 | +883% |
| Income taxes | 67/77 | €3,173 | €10,656 | +€7,483 | +236% |
| Profit (loss) for the period | 9904 | €11,376 | €132,381 | +€121,005 | +1,064% |
| Profit (loss) for the period to be appropriated | 9905 | €11,376 | €132,381 | +€121,005 | +1,064% |
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 16 October 2026 via checked.be.