Group-Guntro: 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.
Group-Guntro
Largest movements
- Receivables within one year -€29,739
down €29,739 (-37.4%), from €79,412 to €49,673
of which Trade receivables: -€30,276
- Tangible fixed assets -€28,283
down €28,283 (-18.3%), from €154,511 to €126,228
- Receivables after one year -€25,000
down €25,000 (-55.6%), from €45,000 to €20,000
- Deferred charges and accrued income +€23,789
up €23,789 (+824%), from €2,887 to €26,675
- Cash +€13,973
up €13,973 (+14.3%), from €97,876 to €111,849
mainly Depreciation (+€33,693) and Receivables within one year (+€29,739)
- Tax, wage and social debts -€31,149
down €31,149 (-59.8%), from €52,115 to €20,966
of which Taxes: -€29,780
- Short-term financial debts -€21,000
down €21,000 (-8.5%), from €247,500 to €226,500
- Trade debts +€14,947
up €14,947 (+38.8%), from €38,503 to €53,450
- Reserves -€7,898
down €7,898 (-32.2%), from €24,558 to €16,660
of which Distributable reserves: -€7,898
- Gross operating margin -€20,238
down €20,238 (-18.2%), from €111,024 to €90,786
- Financial charges -€6,340
down €6,340 (-24.4%), from €26,010 to €19,670
- Staff costs +€3,972
up €3,972 (+17.3%), from €22,901 to €26,873
- Taxes -€2,525
down €2,525 (-28.0%), from €9,011 to €6,486
- Other operating charges -€2,047
down €2,047 (-13.4%), from €15,254 to €13,207
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 | €387,685 | €340,425 | -€47,260 | -12.2% |
| Formation expenses | 20 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Fixed assets | 21/28 | €154,511 | €126,228 | -€28,283 | -18.3% |
| Tangible fixed assets | 22/27 | €154,511 | €126,228 | -€28,283 | -18.3% |
| Land and buildings | 22 | €73,598 | €61,875 | -€11,722 | -15.9% |
| Plant, machinery and equipment | 23 | €2,900 | €5,201 | +€2,301 | +79.3% |
| Furniture and vehicles | 24 | €18,013 | €9,151 | -€8,861 | -49.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Current assets | 29/58 | €229,174 | €212,197 | -€16,978 | -7.4% |
| Amounts receivable after more than one year | 29 | €45,000 | €20,000 | -€25,000 | -55.6% |
| Other amounts receivable | 291 | €45,000 | €20,000 | -€25,000 | -55.6% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,412 | €49,673 | -€29,739 | -37.4% |
| Trade receivables | 40 | €78,289 | €48,013 | -€30,276 | -38.7% |
| Other amounts receivable | 41 | €1,123 | €1,660 | +€537 | +47.8% |
| Cash at bank and in hand | 54/58 | €97,876 | €111,849 | +€13,973 | +14.3% |
| Deferred charges and accrued income | 490/1 | €2,887 | €26,675 | +€23,789 | +824% |
| Total equity and liabilities | 10/49 | €387,685 | €340,425 | -€47,260 | -12.2% |
| Equity | 10/15 | €43,158 | €35,260 | -€7,898 | -18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,558 | €16,660 | -€7,898 | -32.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,558 | €16,660 | -€7,898 | -32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €344,527 | €305,165 | -€39,362 | -11.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €344,527 | €305,165 | -€39,362 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €1,832 | €0 | -€1,832 | -100% |
| Financial debts | 43 | €247,500 | €226,500 | -€21,000 | -8.5% |
| Credit institutions | 430/8 | €247,500 | €226,500 | -€21,000 | -8.5% |
| Trade debts | 44 | €38,503 | €53,450 | +€14,947 | +38.8% |
| Suppliers | 440/4 | €38,503 | €53,450 | +€14,947 | +38.8% |
| Taxes, remuneration and social security | 45 | €52,115 | €20,966 | -€31,149 | -59.8% |
| Taxes | 450/3 | €48,721 | €18,941 | -€29,780 | -61.1% |
| Remuneration and social security | 454/9 | €3,394 | €2,025 | -€1,368 | -40.3% |
| Other amounts payable | 47/48 | €4,577 | €4,248 | -€329 | -7.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €22,901 | €26,873 | +€3,972 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,116 | €33,693 | -€1,424 | -4.1% |
| Other operating charges | 640/8 | €15,254 | €13,207 | -€2,047 | -13.4% |
| Gross operating margin | 9900 | €111,024 | €90,786 | -€20,238 | -18.2% |
| Operating profit (loss) | 9901 | €37,753 | €17,013 | -€20,740 | -54.9% |
| Financial income | 75/76B | €4,726 | €2,911 | -€1,815 | -38.4% |
| Recurring financial income | 75 | €4,726 | €2,911 | -€1,815 | -38.4% |
| Financial charges | 65/66B | €26,010 | €19,670 | -€6,340 | -24.4% |
| Recurring financial charges | 65 | €26,010 | €19,670 | -€6,340 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €16,469 | €254 | -€16,215 | -98.5% |
| Income taxes | 67/77 | €9,011 | €6,486 | -€2,525 | -28.0% |
| Profit (loss) for the period | 9904 | €7,458 | -€6,232 | -€13,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,458 | -€6,232 | -€13,690 |
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 22 October 2026 via checked.be.