JOHN GUILMAIN: 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.
JOHN GUILMAIN
Largest movements
- Receivables after one year -€3,560
down €3,560 (-16.3%), from €21,870 to €18,310
- Receivables within one year -€3,201
down €3,201 (-35.1%), from €9,114 to €5,914
of which Trade receivables: -€2,663
- Cash +€2,739
up €2,739 (+146%), from €1,875 to €4,614
mainly Receivables after one year (+€3,560) and Receivables within one year (+€3,201)
- Tangible fixed assets -€1,855
down €1,855 (-25.0%), from €7,418 to €5,563
of which Furniture and vehicles: -€1,326
- Trade debts -€3,757
down €3,757 (-60.4%), from €6,224 to €2,467
- Profit (loss) carried forward -€2,583
down €2,583 (-8.8%), from €29,476 to €26,893
- Tax, wage and social debts +€509
up €509 (+111%), from €459 to €968
- Gross operating margin +€1,512
up €1,512 (+84.9%), from €1,780 to €3,293
- Taxes -€491
down €491 (-33.7%), from €1,459 to €968
- Depreciation -€472
down €472 (-17.9%), from €2,632 to €2,160
- Financial income -€141
down €141 (-16.1%), from €876 to €735
- Other operating charges +€123
up €123 (+15.3%), from €804 to €927
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 | €42,260 | €36,428 | -€5,832 | -13.8% |
| Fixed assets | 21/28 | €7,418 | €5,563 | -€1,855 | -25.0% |
| Tangible fixed assets | 22/27 | €7,418 | €5,563 | -€1,855 | -25.0% |
| Plant, machinery and equipment | 23 | €1,950 | €1,421 | -€528 | -27.1% |
| Furniture and vehicles | 24 | €5,468 | €4,142 | -€1,326 | -24.3% |
| Current assets | 29/58 | €34,842 | €30,865 | -€3,977 | -11.4% |
| Amounts receivable after more than one year | 29 | €21,870 | €18,310 | -€3,560 | -16.3% |
| Other amounts receivable | 291 | €21,870 | €18,310 | -€3,560 | -16.3% |
| Amounts receivable within one year | 40/41 | €9,114 | €5,914 | -€3,201 | -35.1% |
| Trade receivables | 40 | €6,158 | €3,495 | -€2,663 | -43.2% |
| Other amounts receivable | 41 | €2,956 | €2,419 | -€537 | -18.2% |
| Cash at bank and in hand | 54/58 | €1,875 | €4,614 | +€2,739 | +146% |
| Deferred charges and accrued income | 490/1 | €1,983 | €2,028 | +€45 | +2.3% |
| Total equity and liabilities | 10/49 | €42,260 | €36,428 | -€5,832 | -13.8% |
| Equity | 10/15 | €34,976 | €32,393 | -€2,583 | -7.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,476 | €26,893 | -€2,583 | -8.8% |
| Amounts payable | 17/49 | €7,284 | €4,035 | -€3,249 | -44.6% |
| Amounts payable within one year | 42/48 | €7,284 | €4,035 | -€3,249 | -44.6% |
| Trade debts | 44 | €6,224 | €2,467 | -€3,757 | -60.4% |
| Suppliers | 440/4 | €6,224 | €2,467 | -€3,757 | -60.4% |
| Taxes, remuneration and social security | 45 | €459 | €968 | +€509 | +111% |
| Taxes | 450/3 | €459 | €968 | +€509 | +111% |
| Other amounts payable | 47/48 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,632 | €2,160 | -€472 | -17.9% |
| Other operating charges | 640/8 | €804 | €927 | +€123 | +15.3% |
| Non-recurring operating charges | 66A | - | €2,468 | +€2,468 | |
| Gross operating margin | 9900 | €1,780 | €3,293 | +€1,512 | +84.9% |
| Operating profit (loss) | 9901 | -€1,655 | -€2,262 | -€607 | -36.7% |
| Financial income | 75/76B | €876 | €735 | -€141 | -16.1% |
| Recurring financial income | 75 | €876 | €735 | -€141 | -16.1% |
| Financial charges | 65/66B | €91 | €87 | -€4 | -4.0% |
| Recurring financial charges | 65 | €91 | €87 | -€4 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€870 | -€1,615 | -€745 | -85.6% |
| Income taxes | 67/77 | €1,459 | €968 | -€491 | -33.7% |
| Profit (loss) for the period | 9904 | -€2,330 | -€2,583 | -€253 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,330 | -€2,583 | -€253 | -10.9% |
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 18 October 2026 via checked.be.