P.A. GUILLAUME: what changed
P.A. GUILLAUME
Largest movements
- Receivables within one year -€207,676
down €207,676 (-54.9%), from €378,475 to €170,799
of which Other amounts receivable: -€128,486
- Cash -€160,302
down €160,302 (-94.8%), from €169,032 to €8,730
mainly Contributions, distributions and other (-€241,569) and Investment in fixed assets (net) (-€150,257)
- Tangible fixed assets +€146,341
up €146,341 (+2,373%), from €6,166 to €152,508
of which Furniture and vehicles: +€140,456
- Receivables after one year -€20,301
down €20,301 (-11.3%), from €179,037 to €158,736
- Profit (loss) carried forward -€260,169
no longer reported in 2025 (was €260,169)
- Current portion of long-term debt -€60,565
down €60,565 (-51.9%), from €116,676 to €56,111
- Debts after one year +€59,751
new in 2025: €59,751
- Tax, wage and social debts -€25,351
down €25,351 (-70.6%), from €35,911 to €10,560
of which Taxes: -€25,351
- Contributions +€18,600
up €18,600 (+100%), from €18,600 to €37,200
- Gross operating margin -€160,069
down €160,069 (-75.5%), from €212,113 to €52,044
- Financial income -€103,194
down €103,194 (-89.5%), from €115,353 to €12,160
- Taxes -€48,100
down €48,100 (-84.5%), from €56,904 to €8,804
- Financial charges -€8,035
down €8,035 (-53.6%), from €14,987 to €6,953
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €734,505 | €495,106 | -€239,399 | -32.6% |
| Fixed assets | 21/28 | €6,166 | €152,508 | +€146,341 | +2,373% |
| Tangible fixed assets | 22/27 | €6,166 | €152,508 | +€146,341 | +2,373% |
| Furniture and vehicles | 24 | - | €140,456 | +€140,456 | |
| Other tangible fixed assets | 26 | €6,166 | €12,051 | +€5,885 | +95.4% |
| Current assets | 29/58 | €728,339 | €342,599 | -€385,740 | -53.0% |
| Amounts receivable after more than one year | 29 | €179,037 | €158,736 | -€20,301 | -11.3% |
| Other amounts receivable | 291 | €179,037 | €158,736 | -€20,301 | -11.3% |
| Amounts receivable within one year | 40/41 | €378,475 | €170,799 | -€207,676 | -54.9% |
| Trade receivables | 40 | €96,666 | €17,477 | -€79,189 | -81.9% |
| Other amounts receivable | 41 | €281,809 | €153,323 | -€128,486 | -45.6% |
| Cash at bank and in hand | 54/58 | €169,032 | €8,730 | -€160,302 | -94.8% |
| Deferred charges and accrued income | 490/1 | €1,795 | €4,333 | +€2,538 | +141% |
| Total equity and liabilities | 10/49 | €734,505 | €495,106 | -€239,399 | -32.6% |
| Equity | 10/15 | €578,014 | €354,959 | -€223,055 | -38.6% |
| Contributions | 10/11 | €18,600 | €37,200 | +€18,600 | +100% |
| Reserves | 13 | €299,245 | €317,759 | +€18,514 | +6.2% |
| Distributable reserves | 133 | €299,245 | €317,759 | +€18,514 | +6.2% |
| Profit (loss) carried forward | 14 | €260,169 | - | -€260,169 | |
| Amounts payable | 17/49 | €156,491 | €140,148 | -€16,344 | -10.4% |
| Amounts payable after more than one year | 17 | - | €59,751 | +€59,751 | |
| Financial debts | 170/4 | - | €59,751 | +€59,751 | |
| Amounts payable within one year | 42/48 | €156,491 | €80,397 | -€76,095 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €116,676 | €56,111 | -€60,565 | -51.9% |
| Trade debts | 44 | €3,905 | €13,726 | +€9,821 | +252% |
| Suppliers | 440/4 | €3,905 | €13,726 | +€9,821 | +252% |
| Taxes, remuneration and social security | 45 | €35,911 | €10,560 | -€25,351 | -70.6% |
| Taxes | 450/3 | €35,255 | €9,904 | -€25,351 | -71.9% |
| Remuneration and social security | 454/9 | €656 | €656 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €20,754 | €20,397 | -€356 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,848 | €3,915 | +€2,067 | +112% |
| Other operating charges | 640/8 | €98 | €303 | +€206 | +211% |
| Non-recurring operating charges | 66A | - | €5,317 | +€5,317 | |
| Gross operating margin | 9900 | €212,113 | €52,044 | -€160,069 | -75.5% |
| Operating profit (loss) | 9901 | €189,413 | €22,111 | -€167,302 | -88.3% |
| Financial income | 75/76B | €115,353 | €12,160 | -€103,194 | -89.5% |
| Recurring financial income | 75 | €115,353 | €12,160 | -€103,194 | -89.5% |
| Financial charges | 65/66B | €14,987 | €6,953 | -€8,035 | -53.6% |
| Recurring financial charges | 65 | €14,987 | €6,953 | -€8,035 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €289,779 | €27,318 | -€262,461 | -90.6% |
| Income taxes | 67/77 | €56,904 | €8,804 | -€48,100 | -84.5% |
| Profit (loss) for the period | 9904 | €232,875 | €18,514 | -€214,361 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €232,875 | €18,514 | -€214,361 | -92.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.