MADE BY GUSCHI'S: 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.
MADE BY GUSCHI'S
Largest movements
- Receivables within one year -€40,653
down €40,653 (-90.3%), from €44,997 to €4,344
- Cash -€26,416
down €26,416 (-84.9%), from €31,103 to €4,687
mainly Trade debts (-€67,760) and Debts after one year (-€23,103)
- Tangible fixed assets -€22,277
down €22,277 (-40.9%), from €54,489 to €32,213
of which Leasing and similar rights: -€21,271
- Trade debts -€67,760
down €67,760 (-99.6%), from €68,063 to €303
- Debts after one year -€23,103
down €23,103 (-72.4%), from €31,901 to €8,799
- Other debts +€8,334
up €8,334 (+3,334%), from €250 to €8,584
- Profit (loss) carried forward -€7,402
down €7,402, from €3,112 to -€4,290
- Gross operating margin -€36,547
down €36,547 (-63.3%), from €57,731 to €21,184
- Depreciation -€11,335
down €11,335 (-33.7%), from €33,611 to €22,277
- Other operating charges -€9,546
down €9,546 (-73.5%), from €12,989 to €3,443
- Financial charges -€3,153
down €3,153 (-55.5%), from €5,686 to €2,533
- Taxes -€2,132
down €2,132 (-90.0%), from €2,368 to €236
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 | €130,589 | €42,482 | -€88,107 | -67.5% |
| Fixed assets | 21/28 | €54,489 | €32,213 | -€22,277 | -40.9% |
| Tangible fixed assets | 22/27 | €54,489 | €32,213 | -€22,277 | -40.9% |
| Plant, machinery and equipment | 23 | €1,661 | €655 | -€1,006 | -60.6% |
| Leasing and similar rights | 25 | €52,828 | €31,557 | -€21,271 | -40.3% |
| Current assets | 29/58 | €76,099 | €10,269 | -€65,830 | -86.5% |
| Amounts receivable within one year | 40/41 | €44,997 | €4,344 | -€40,653 | -90.3% |
| Trade receivables | 40 | €44,997 | €4,344 | -€40,653 | -90.3% |
| Cash at bank and in hand | 54/58 | €31,103 | €4,687 | -€26,416 | -84.9% |
| Deferred charges and accrued income | 490/1 | - | €1,238 | +€1,238 | |
| Total equity and liabilities | 10/49 | €130,589 | €42,482 | -€88,107 | -67.5% |
| Equity | 10/15 | €6,112 | -€1,290 | -€7,402 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €3,112 | -€4,290 | -€7,402 | |
| Amounts payable | 17/49 | €124,477 | €43,771 | -€80,706 | -64.8% |
| Amounts payable after more than one year | 17 | €31,901 | €8,799 | -€23,103 | -72.4% |
| Financial debts | 170/4 | €31,901 | €8,799 | -€23,103 | -72.4% |
| Amounts payable within one year | 42/48 | €92,576 | €34,931 | -€57,645 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €22,032 | €23,103 | +€1,070 | +4.9% |
| Trade debts | 44 | €68,063 | €303 | -€67,760 | -99.6% |
| Suppliers | 440/4 | €68,063 | €303 | -€67,760 | -99.6% |
| Taxes, remuneration and social security | 45 | €2,231 | €2,942 | +€711 | +31.9% |
| Taxes | 450/3 | €2,231 | €2,942 | +€711 | +31.9% |
| Other amounts payable | 47/48 | €250 | €8,584 | +€8,334 | +3,334% |
| Accrued charges and deferred income | 492/3 | - | €42 | +€42 | |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Remuneration, social security and pensions | 62 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,611 | €22,277 | -€11,335 | -33.7% |
| Other operating charges | 640/8 | €12,989 | €3,443 | -€9,546 | -73.5% |
| Gross operating margin | 9900 | €57,731 | €21,184 | -€36,547 | -63.3% |
| Operating profit (loss) | 9901 | €11,131 | -€4,710 | -€15,841 | |
| Financial income | 75/76B | €35 | €78 | +€43 | +122% |
| Recurring financial income | 75 | €35 | €78 | +€43 | +122% |
| Financial charges | 65/66B | €5,686 | €2,533 | -€3,153 | -55.5% |
| Recurring financial charges | 65 | €5,686 | €2,533 | -€3,153 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €5,480 | -€7,166 | -€12,646 | |
| Income taxes | 67/77 | €2,368 | €236 | -€2,132 | -90.0% |
| Profit (loss) for the period | 9904 | €3,112 | -€7,402 | -€10,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,112 | -€7,402 | -€10,514 |
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 23 October 2026 via checked.be.