GUDRUN GROUP: 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.
GUDRUN GROUP
Largest movements
- Cash -€115,515
down €115,515 (-25.8%), from €447,160 to €331,645
mainly Other debts (-€123,180) and Receivables within one year (-€51,931)
- Receivables within one year +€51,931
up €51,931 (+27.9%), from €186,050 to €237,981
of which Other amounts receivable: +€41,708
- Other debts -€123,180
down €123,180 (-5.0%), from €2.5m to €2.4m
- Staff costs +€86,176
up €86,176 (+189%), from €45,498 to €131,674
- Gross operating margin +€84,356
up €84,356 (+107%), from €79,024 to €163,380
- Financial charges -€36,435
down €36,435 (-43.3%), from €84,184 to €47,749
- Financial income -€15,495
down €15,495 (-35.5%), from €43,642 to €28,147
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 | €4,060,583 | €3,968,967 | -€91,616 | -2.3% |
| Fixed assets | 21/28 | €2,438,284 | €2,438,284 | = | 0.0% |
| Financial fixed assets | 28 | €2,438,284 | €2,438,284 | = | 0.0% |
| Current assets | 29/58 | €1,622,299 | €1,530,683 | -€91,616 | -5.6% |
| Amounts receivable within one year | 40/41 | €186,050 | €237,981 | +€51,931 | +27.9% |
| Trade receivables | 40 | €29,828 | €40,051 | +€10,223 | +34.3% |
| Other amounts receivable | 41 | €156,222 | €197,930 | +€41,708 | +26.7% |
| Current investments | 50/53 | €983,293 | €957,957 | -€25,336 | -2.6% |
| Cash at bank and in hand | 54/58 | €447,160 | €331,645 | -€115,515 | -25.8% |
| Deferred charges and accrued income | 490/1 | €5,796 | €3,100 | -€2,696 | -46.5% |
| Total equity and liabilities | 10/49 | €4,060,583 | €3,968,967 | -€91,616 | -2.3% |
| Equity | 10/15 | €1,573,942 | €1,582,101 | +€8,159 | +0.5% |
| Contributions | 10/11 | €118,000 | €118,000 | = | 0.0% |
| Capital | 10 | €118,000 | €118,000 | = | 0.0% |
| Issued capital | 100 | €118,000 | €118,000 | = | 0.0% |
| Reserves | 13 | €1,455,942 | €1,464,101 | +€8,159 | +0.6% |
| Non-distributable reserves | 130/1 | €11,800 | €11,800 | = | 0.0% |
| Legal reserve | 130 | €11,800 | €11,800 | = | 0.0% |
| Distributable reserves | 133 | €1,444,142 | €1,452,301 | +€8,159 | +0.6% |
| Amounts payable | 17/49 | €2,486,641 | €2,386,866 | -€99,775 | -4.0% |
| Amounts payable within one year | 42/48 | €2,486,641 | €2,386,866 | -€99,775 | -4.0% |
| Trade debts | 44 | €2,710 | €2,697 | -€13 | -0.5% |
| Suppliers | 440/4 | €2,710 | €2,697 | -€13 | -0.5% |
| Taxes, remuneration and social security | 45 | €6,552 | €29,970 | +€23,418 | +357% |
| Taxes | 450/3 | €6,552 | €9,959 | +€3,407 | +52.0% |
| Remuneration and social security | 454/9 | - | €20,011 | +€20,011 | |
| Other amounts payable | 47/48 | €2,477,379 | €2,354,199 | -€123,180 | -5.0% |
| Remuneration, social security and pensions | 62 | €45,498 | €131,674 | +€86,176 | +189% |
| Other operating charges | 640/8 | €1,597 | €2,601 | +€1,004 | +62.9% |
| Gross operating margin | 9900 | €79,024 | €163,380 | +€84,356 | +107% |
| Operating profit (loss) | 9901 | €31,929 | €29,105 | -€2,824 | -8.8% |
| Financial income | 75/76B | €43,642 | €28,147 | -€15,495 | -35.5% |
| Recurring financial income | 75 | €43,642 | €28,147 | -€15,495 | -35.5% |
| Financial charges | 65/66B | €84,184 | €47,749 | -€36,435 | -43.3% |
| Recurring financial charges | 65 | €84,184 | €47,749 | -€36,435 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,613 | €9,503 | +€18,116 | |
| Income taxes | 67/77 | - | €1,344 | +€1,344 | |
| Profit (loss) for the period | 9904 | -€8,613 | €8,159 | +€16,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,613 | €8,159 | +€16,772 |
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 17 October 2026 via checked.be.