Le Guidon: 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 Guidon
Largest movements
- Cash +€178,164
up €178,164 (+64.5%), from €276,191 to €454,354
mainly Net result for the year (+€91,295) and Stocks and contracts (+€71,552)
- Stocks and contracts -€71,552
down €71,552 (-52.9%), from €135,321 to €63,769
- Receivables within one year -€10,897
down €10,897 (-47.7%), from €22,855 to €11,958
of which Trade receivables: -€6,533
- Reserves +€91,295
up €91,295 (+32.1%), from €284,823 to €376,118
- Trade debts -€15,183
down €15,183 (-93.7%), from €16,212 to €1,028
- Tax, wage and social debts +€9,249
up €9,249 (+51.7%), from €17,894 to €27,143
- Gross operating margin +€30,329
up €30,329 (+25.7%), from €117,947 to €148,276
- Taxes +€14,364
up €14,364 (+49.3%), from €29,138 to €43,502
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 | €462,112 | €552,926 | +€90,815 | +19.7% |
| Fixed assets | 21/28 | €27,745 | €22,845 | -€4,900 | -17.7% |
| Tangible fixed assets | 22/27 | €27,745 | €22,845 | -€4,900 | -17.7% |
| Plant, machinery and equipment | 23 | €27,710 | €22,845 | -€4,865 | -17.6% |
| Furniture and vehicles | 24 | €35 | - | -€35 | |
| Current assets | 29/58 | €434,367 | €530,082 | +€95,715 | +22.0% |
| Stocks and contracts in progress | 3 | €135,321 | €63,769 | -€71,552 | -52.9% |
| Stocks | 30/36 | €135,321 | €63,769 | -€71,552 | -52.9% |
| Amounts receivable within one year | 40/41 | €22,855 | €11,958 | -€10,897 | -47.7% |
| Trade receivables | 40 | €11,993 | €5,460 | -€6,533 | -54.5% |
| Other amounts receivable | 41 | €10,862 | €6,498 | -€4,364 | -40.2% |
| Cash at bank and in hand | 54/58 | €276,191 | €454,354 | +€178,164 | +64.5% |
| Total equity and liabilities | 10/49 | €462,112 | €552,926 | +€90,815 | +19.7% |
| Equity | 10/15 | €284,923 | €376,218 | +€91,295 | +32.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €284,823 | €376,118 | +€91,295 | +32.1% |
| Distributable reserves | 133 | €284,823 | €376,118 | +€91,295 | +32.1% |
| Amounts payable | 17/49 | €177,189 | €176,709 | -€480 | -0.3% |
| Amounts payable after more than one year | 17 | €135,809 | €140,000 | +€4,191 | +3.1% |
| Other amounts payable | 178/9 | €135,809 | €140,000 | +€4,191 | +3.1% |
| Amounts payable within one year | 42/48 | €41,380 | €36,709 | -€4,671 | -11.3% |
| Trade debts | 44 | €16,212 | €1,028 | -€15,183 | -93.7% |
| Suppliers | 440/4 | €16,212 | €1,028 | -€15,183 | -93.7% |
| Taxes, remuneration and social security | 45 | €17,894 | €27,143 | +€9,249 | +51.7% |
| Taxes | 450/3 | €17,894 | €27,143 | +€9,249 | +51.7% |
| Other amounts payable | 47/48 | €7,274 | €8,537 | +€1,263 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,380 | €4,900 | -€479 | -8.9% |
| Other operating charges | 640/8 | €1,015 | €1,043 | +€28 | +2.7% |
| Gross operating margin | 9900 | €117,947 | €148,276 | +€30,329 | +25.7% |
| Operating profit (loss) | 9901 | €111,552 | €142,333 | +€30,781 | +27.6% |
| Financial income | 75/76B | €2,456 | €2,835 | +€379 | +15.4% |
| Recurring financial income | 75 | €2,456 | €2,835 | +€379 | +15.4% |
| Financial charges | 65/66B | €10,160 | €10,371 | +€212 | +2.1% |
| Recurring financial charges | 65 | €10,160 | €10,371 | +€212 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €103,848 | €134,797 | +€30,948 | +29.8% |
| Income taxes | 67/77 | €29,138 | €43,502 | +€14,364 | +49.3% |
| Profit (loss) for the period | 9904 | €74,711 | €91,295 | +€16,585 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,711 | €91,295 | +€16,585 | +22.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.