LE GUERN-CLOSE: 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.
LE GUERN-CLOSE
Largest movements
- Cash -€24,095
down €24,095 (-95.5%), from €25,234 to €1,139
mainly Other debts (-€17,747) and Debts after one year (-€10,408)
- Intangible fixed assets -€7,500
down €7,500 (-11.1%), from €67,488 to €59,988
- Tangible fixed assets +€4,518
new in 2025: €4,518
- Other debts -€17,747
down €17,747 (-53.5%), from €33,168 to €15,420
- Debts after one year -€10,408
down €10,408 (-18.8%), from €55,461 to €45,053
- Gross operating margin +€11,011
up €11,011 (+209%), from €5,267 to €16,278
- Taxes +€1,844
up €1,844 (+296%), from €623 to €2,468
- Depreciation +€1,717
up €1,717 (+21.7%), from €7,919 to €9,636
- Financial charges -€771
down €771 (-24.5%), from €3,144 to €2,373
- Other operating charges -€288
down €288 (-23.0%), from €1,255 to €967
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 | €97,068 | €69,949 | -€27,119 | -27.9% |
| Formation expenses | 20 | €1,494 | €1,114 | -€380 | -25.4% |
| Fixed assets | 21/28 | €67,488 | €64,506 | -€2,982 | -4.4% |
| Intangible fixed assets | 21 | €67,488 | €59,988 | -€7,500 | -11.1% |
| Tangible fixed assets | 22/27 | - | €4,518 | +€4,518 | |
| Furniture and vehicles | 24 | - | €4,518 | +€4,518 | |
| Current assets | 29/58 | €28,086 | €4,329 | -€23,757 | -84.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,234 | €1,139 | -€24,095 | -95.5% |
| Deferred charges and accrued income | 490/1 | €2,851 | €3,190 | +€339 | +11.9% |
| Total equity and liabilities | 10/49 | €97,068 | €69,949 | -€27,119 | -27.9% |
| Equity | 10/15 | -€5,659 | -€4,824 | +€835 | +14.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,659 | -€6,824 | +€835 | +10.9% |
| Amounts payable | 17/49 | €102,726 | €74,773 | -€27,953 | -27.2% |
| Amounts payable after more than one year | 17 | €55,461 | €45,053 | -€10,408 | -18.8% |
| Financial debts | 170/4 | €55,461 | €45,053 | -€10,408 | -18.8% |
| Amounts payable within one year | 42/48 | €47,265 | €29,720 | -€17,545 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €9,901 | €10,328 | +€427 | +4.3% |
| Trade debts | 44 | €573 | €130 | -€442 | -77.2% |
| Suppliers | 440/4 | €573 | €130 | -€442 | -77.2% |
| Taxes, remuneration and social security | 45 | €3,623 | €3,841 | +€218 | +6.0% |
| Taxes | 450/3 | €3,623 | €3,841 | +€218 | +6.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,168 | €15,420 | -€17,747 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,919 | €9,636 | +€1,717 | +21.7% |
| Other operating charges | 640/8 | €1,255 | €967 | -€288 | -23.0% |
| Gross operating margin | 9900 | €5,267 | €16,278 | +€11,011 | +209% |
| Operating profit (loss) | 9901 | -€3,907 | €5,675 | +€9,582 | |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €3,144 | €2,373 | -€771 | -24.5% |
| Recurring financial charges | 65 | €3,144 | €2,373 | -€771 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,035 | €3,302 | +€10,338 | |
| Income taxes | 67/77 | €623 | €2,468 | +€1,844 | +296% |
| Profit (loss) for the period | 9904 | -€7,659 | €835 | +€8,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,659 | €835 | +€8,493 |
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 17 October 2026 via checked.be.