GÜLER KASAP: 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.
GÜLER KASAP
Largest movements
- Receivables within one year -€84,101
down €84,101 (-84.0%), from €100,154 to €16,053
of which Trade receivables: -€72,133
- Stocks and contracts -€32,350
down €32,350 (-64.3%), from €50,314 to €17,964
- Tangible fixed assets +€9,727
up €9,727 (+55.2%), from €17,625 to €27,351
of which Land and buildings: +€5,997
- Cash +€9,416
up €9,416 (+130%), from €7,258 to €16,674
mainly Receivables within one year (+€84,101) and Stocks and contracts (+€32,350)
- Trade debts -€128,600
down €128,600 (-73.2%), from €175,581 to €46,981
- Profit (loss) carried forward +€19,343
up €19,343, from -€8,635 to €10,708
- Other debts +€15,489
new in 2025: €15,489
- Tax, wage and social debts -€4,225
down €4,225 (-47.5%), from €8,894 to €4,670
of which Taxes: -€4,159
- Gross operating margin +€27,335
up €27,335 (+867%), from €3,151 to €30,486
- Staff costs -€13,608
down €13,608 (-99.8%), from €13,635 to €27
- Depreciation +€1,505
up €1,505 (+82.5%), from €1,825 to €3,329
- Other operating charges +€855
up €855 (+29.8%), from €2,872 to €3,727
- Financial charges +€710
up €710 (+30.3%), from €2,341 to €3,051
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 | €176,145 | €78,042 | -€98,104 | -55.7% |
| Fixed assets | 21/28 | €17,850 | €27,351 | +€9,502 | +53.2% |
| Tangible fixed assets | 22/27 | €17,625 | €27,351 | +€9,727 | +55.2% |
| Land and buildings | 22 | €11,582 | €17,579 | +€5,997 | +51.8% |
| Plant, machinery and equipment | 23 | €6,043 | €8,834 | +€2,792 | +46.2% |
| Furniture and vehicles | 24 | - | €938 | +€938 | |
| Financial fixed assets | 28 | €225 | - | -€225 | |
| Current assets | 29/58 | €158,296 | €50,690 | -€107,605 | -68.0% |
| Stocks and contracts in progress | 3 | €50,314 | €17,964 | -€32,350 | -64.3% |
| Stocks | 30/36 | €50,314 | €17,964 | -€32,350 | -64.3% |
| Amounts receivable within one year | 40/41 | €100,154 | €16,053 | -€84,101 | -84.0% |
| Trade receivables | 40 | €76,938 | €4,805 | -€72,133 | -93.8% |
| Other amounts receivable | 41 | €23,216 | €11,248 | -€11,968 | -51.5% |
| Cash at bank and in hand | 54/58 | €7,258 | €16,674 | +€9,416 | +130% |
| Deferred charges and accrued income | 490/1 | €570 | - | -€570 | |
| Total equity and liabilities | 10/49 | €176,145 | €78,042 | -€98,104 | -55.7% |
| Equity | 10/15 | -€8,441 | €10,902 | +€19,343 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €94 | €94 | = | 0.0% |
| Non-distributable reserves | 130/1 | €94 | €94 | = | 0.0% |
| Reserves not available under the articles | 1311 | €94 | €94 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,635 | €10,708 | +€19,343 | |
| Amounts payable | 17/49 | €184,586 | €67,140 | -€117,447 | -63.6% |
| Amounts payable within one year | 42/48 | €184,476 | €67,140 | -€117,336 | -63.6% |
| Trade debts | 44 | €175,581 | €46,981 | -€128,600 | -73.2% |
| Suppliers | 440/4 | €175,581 | €46,981 | -€128,600 | -73.2% |
| Taxes, remuneration and social security | 45 | €8,894 | €4,670 | -€4,225 | -47.5% |
| Taxes | 450/3 | €8,829 | €4,670 | -€4,159 | -47.1% |
| Remuneration and social security | 454/9 | €65 | - | -€65 | |
| Other amounts payable | 47/48 | - | €15,489 | +€15,489 | |
| Accrued charges and deferred income | 492/3 | €110 | - | -€110 | |
| Non-recurring operating income | 76A | €2,573 | - | -€2,573 | |
| Remuneration, social security and pensions | 62 | €13,635 | €27 | -€13,608 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €3,329 | +€1,505 | +82.5% |
| Other operating charges | 640/8 | €2,872 | €3,727 | +€855 | +29.8% |
| Gross operating margin | 9900 | €3,151 | €30,486 | +€27,335 | +867% |
| Operating profit (loss) | 9901 | -€15,181 | €23,402 | +€38,583 | |
| Financial income | 75/76B | €578 | €2 | -€576 | -99.6% |
| Recurring financial income | 75 | €578 | €2 | -€576 | -99.6% |
| Financial charges | 65/66B | €2,341 | €3,051 | +€710 | +30.3% |
| Recurring financial charges | 65 | €2,341 | €3,051 | +€710 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,944 | €20,353 | +€37,298 | |
| Income taxes | 67/77 | €593 | €1,011 | +€418 | +70.5% |
| Profit (loss) for the period | 9904 | -€17,537 | €19,343 | +€36,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,537 | €19,343 | +€36,880 |
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.