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.
GUIDON
Largest movements
- Cash +€173,580
up €173,580 (+48.2%), from €359,763 to €533,343
mainly Net result for the year (+€273,814) and Other debts (+€19,831)
- Current investments +€96,439
up €96,439 (+7.2%), from €1.3m to €1.4m
- Reserves +€273,000
up €273,000 (+28.3%), from €964,924 to €1.2m
of which Distributable reserves: +€273,000
- Trade debts -€36,934
down €36,934 (-49.9%), from €73,947 to €37,013
- Gross operating margin +€28,479
up €28,479 (+7.8%), from €366,902 to €395,380
- Financial income +€15,047
up €15,047 (+158%), from €9,494 to €24,541
- Taxes +€11,770
up €11,770 (+10.2%), from €115,665 to €127,435
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 | €1,906,113 | €2,166,547 | +€260,434 | +13.7% |
| Fixed assets | 21/28 | €21,540 | €14,188 | -€7,352 | -34.1% |
| Tangible fixed assets | 22/27 | €21,540 | €14,188 | -€7,352 | -34.1% |
| Plant, machinery and equipment | 23 | €21,072 | €14,188 | -€6,884 | -32.7% |
| Furniture and vehicles | 24 | €468 | - | -€468 | |
| Current assets | 29/58 | €1,884,573 | €2,152,358 | +€267,786 | +14.2% |
| Amounts receivable within one year | 40/41 | €180,810 | €178,577 | -€2,234 | -1.2% |
| Trade receivables | 40 | €180,810 | €173,083 | -€7,727 | -4.3% |
| Other amounts receivable | 41 | - | €5,494 | +€5,494 | |
| Current investments | 50/53 | €1,344,000 | €1,440,439 | +€96,439 | +7.2% |
| Cash at bank and in hand | 54/58 | €359,763 | €533,343 | +€173,580 | +48.2% |
| Total equity and liabilities | 10/49 | €1,906,113 | €2,166,547 | +€260,434 | +13.7% |
| Equity | 10/15 | €1,654,656 | €1,928,470 | +€273,814 | +16.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €964,924 | €1,237,924 | +€273,000 | +28.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €958,724 | €1,231,724 | +€273,000 | +28.5% |
| Profit (loss) carried forward | 14 | €627,732 | €628,545 | +€814 | +0.1% |
| Amounts payable | 17/49 | €251,457 | €238,077 | -€13,380 | -5.3% |
| Amounts payable within one year | 42/48 | €240,620 | €227,015 | -€13,605 | -5.7% |
| Trade debts | 44 | €73,947 | €37,013 | -€36,934 | -49.9% |
| Suppliers | 440/4 | €73,947 | €37,013 | -€36,934 | -49.9% |
| Taxes, remuneration and social security | 45 | €20,344 | €23,842 | +€3,498 | +17.2% |
| Taxes | 450/3 | €20,344 | €23,842 | +€3,498 | +17.2% |
| Other amounts payable | 47/48 | €146,329 | €166,161 | +€19,831 | +13.6% |
| Accrued charges and deferred income | 492/3 | €10,837 | €11,062 | +€225 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,382 | €7,352 | -€30 | -0.4% |
| Other operating charges | 640/8 | €918 | €120 | -€798 | -86.9% |
| Gross operating margin | 9900 | €366,902 | €395,380 | +€28,479 | +7.8% |
| Operating profit (loss) | 9901 | €358,602 | €387,908 | +€29,307 | +8.2% |
| Financial income | 75/76B | €9,494 | €24,541 | +€15,047 | +158% |
| Recurring financial income | 75 | €9,494 | €24,541 | +€15,047 | +158% |
| Financial charges | 65/66B | €10,921 | €11,201 | +€280 | +2.6% |
| Recurring financial charges | 65 | €10,921 | €11,201 | +€280 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €357,174 | €401,249 | +€44,074 | +12.3% |
| Income taxes | 67/77 | €115,665 | €127,435 | +€11,770 | +10.2% |
| Profit (loss) for the period | 9904 | €241,509 | €273,814 | +€32,304 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €241,509 | €273,814 | +€32,304 | +13.4% |
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 20 October 2026 via checked.be.