LE GUÉPARD: 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 GUÉPARD
Largest movements
- Cash +€1.0m
up €1.0m (+1,757%), from €58,051 to €1.1m
mainly Net result for the year (+€826,415) and Investment in fixed assets (net) (+€102,418)
- Tangible fixed assets -€125,979
down €125,979 (-17.3%), from €729,721 to €603,742
of which Land and buildings: -€114,400
- Profit (loss) carried forward +€826,415
up €826,415, from -€151,566 to €674,849
- Tax, wage and social debts +€66,595
up €66,595 (+7,122%), from €935 to €67,530
- Gross operating margin +€1.1m
up €1.1m (+1,353%), from €83,607 to €1.2m
- Taxes +€246,613
up €246,613 (+13,348%), from €1,848 to €248,461
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 | €794,329 | €1,683,257 | +€888,928 | +112% |
| Fixed assets | 21/28 | €729,721 | €603,742 | -€125,979 | -17.3% |
| Tangible fixed assets | 22/27 | €729,721 | €603,742 | -€125,979 | -17.3% |
| Land and buildings | 22 | €716,984 | €602,585 | -€114,400 | -16.0% |
| Plant, machinery and equipment | 23 | €11,194 | €0 | -€11,194 | -100% |
| Furniture and vehicles | 24 | €1,543 | €1,157 | -€386 | -25.0% |
| Current assets | 29/58 | €64,608 | €1,079,515 | +€1.0m | +1,571% |
| Amounts receivable within one year | 40/41 | €3,585 | €1,155 | -€2,430 | -67.8% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €3,585 | €1,155 | -€2,430 | -67.8% |
| Cash at bank and in hand | 54/58 | €58,051 | €1,078,161 | +€1.0m | +1,757% |
| Deferred charges and accrued income | 490/1 | €2,972 | €199 | -€2,773 | -93.3% |
| Total equity and liabilities | 10/49 | €794,329 | €1,683,257 | +€888,928 | +112% |
| Equity | 10/15 | €789,312 | €1,615,727 | +€826,415 | +105% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Revaluation surpluses | 12 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €17,353 | €17,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,566 | €674,849 | +€826,415 | |
| Amounts payable | 17/49 | €5,018 | €67,530 | +€62,512 | +1,246% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,018 | €67,530 | +€62,512 | +1,246% |
| Trade debts | 44 | €4,083 | €0 | -€4,083 | -100% |
| Suppliers | 440/4 | €4,083 | €0 | -€4,083 | -100% |
| Taxes, remuneration and social security | 45 | €935 | €67,530 | +€66,595 | +7,122% |
| Taxes | 450/3 | €935 | €67,530 | +€66,595 | +7,122% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,958 | €6,301 | -€2,657 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,639 | €23,561 | -€4,079 | -14.8% |
| Other operating charges | 640/8 | €13,106 | €13,261 | +€154 | +1.2% |
| Non-recurring operating charges | 66A | - | €102,418 | +€102,418 | |
| Gross operating margin | 9900 | €83,607 | €1,214,704 | +€1.1m | +1,353% |
| Operating profit (loss) | 9901 | €42,862 | €1,075,464 | +€1.0m | +2,409% |
| Financial charges | 65/66B | €690 | €588 | -€102 | -14.8% |
| Recurring financial charges | 65 | €690 | €588 | -€102 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €42,172 | €1,074,876 | +€1.0m | +2,449% |
| Income taxes | 67/77 | €1,848 | €248,461 | +€246,613 | +13,348% |
| Profit (loss) for the period | 9904 | €40,324 | €826,415 | +€786,091 | +1,949% |
| Profit (loss) for the period to be appropriated | 9905 | €40,324 | €826,415 | +€786,091 | +1,949% |
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 15 October 2026 via checked.be.