GUMUS KARO: 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.
GUMUS KARO
Largest movements
- Receivables within one year +€135,638
up €135,638 (+114%), from €119,461 to €255,099
of which Trade receivables: +€119,828
- Tangible fixed assets -€35,682
down €35,682 (-40.7%), from €87,589 to €51,907
of which Plant, machinery and equipment: -€21,826
- Trade debts +€122,128
up €122,128 (+341%), from €35,799 to €157,926
- Debts after one year -€14,182
down €14,182 (-41.5%), from €34,189 to €20,007
- Profit (loss) carried forward -€10,184
down €10,184 (-11.2%), from €90,777 to €80,593
- Taxes -€8,825
down €8,825 (-97.9%), from €9,018 to €193
- Gross operating margin -€5,862
down €5,862 (-14.7%), from €39,865 to €34,003
- Financial income -€2,883
down €2,883 (-99.6%), from €2,893 to €11
- Staff costs -€2,326
no longer reported in 2025 (was €2,326)
- Depreciation +€2,268
up €2,268 (+8.7%), from €26,130 to €28,398
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 | €212,341 | €310,904 | +€98,563 | +46.4% |
| Fixed assets | 21/28 | €87,589 | €51,907 | -€35,682 | -40.7% |
| Tangible fixed assets | 22/27 | €87,589 | €51,907 | -€35,682 | -40.7% |
| Plant, machinery and equipment | 23 | €26,778 | €4,952 | -€21,826 | -81.5% |
| Furniture and vehicles | 24 | €60,811 | €46,955 | -€13,856 | -22.8% |
| Current assets | 29/58 | €124,752 | €258,997 | +€134,245 | +108% |
| Amounts receivable within one year | 40/41 | €119,461 | €255,099 | +€135,638 | +114% |
| Trade receivables | 40 | €53,632 | €173,460 | +€119,828 | +223% |
| Other amounts receivable | 41 | €65,829 | €81,639 | +€15,810 | +24.0% |
| Cash at bank and in hand | 54/58 | €5,253 | €3,734 | -€1,518 | -28.9% |
| Deferred charges and accrued income | 490/1 | €39 | €164 | +€125 | +322% |
| Total equity and liabilities | 10/49 | €212,341 | €310,904 | +€98,563 | +46.4% |
| Equity | 10/15 | €90,877 | €80,693 | -€10,184 | -11.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,777 | €80,593 | -€10,184 | -11.2% |
| Amounts payable | 17/49 | €121,464 | €230,211 | +€108,747 | +89.5% |
| Amounts payable after more than one year | 17 | €34,189 | €20,007 | -€14,182 | -41.5% |
| Financial debts | 170/4 | €34,189 | €20,007 | -€14,182 | -41.5% |
| Amounts payable within one year | 42/48 | €87,276 | €210,204 | +€122,929 | +141% |
| Current portion of amounts payable after more than one year | 42 | €14,604 | €16,566 | +€1,962 | +13.4% |
| Trade debts | 44 | €35,799 | €157,926 | +€122,128 | +341% |
| Suppliers | 440/4 | €35,799 | €157,926 | +€122,128 | +341% |
| Taxes, remuneration and social security | 45 | €36,873 | €35,712 | -€1,162 | -3.2% |
| Taxes | 450/3 | €28,889 | €26,827 | -€2,062 | -7.1% |
| Remuneration and social security | 454/9 | €7,985 | €8,885 | +€900 | +11.3% |
| Remuneration, social security and pensions | 62 | €2,326 | - | -€2,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,130 | €28,398 | +€2,268 | +8.7% |
| Other operating charges | 640/8 | €1,502 | €1,873 | +€371 | +24.7% |
| Non-recurring operating charges | 66A | €5,361 | - | -€5,361 | |
| Gross operating margin | 9900 | €39,865 | €34,003 | -€5,862 | -14.7% |
| Operating profit (loss) | 9901 | €4,546 | €3,732 | -€814 | -17.9% |
| Financial income | 75/76B | €2,893 | €11 | -€2,883 | -99.6% |
| Recurring financial income | 75 | €2,893 | €11 | -€2,883 | -99.6% |
| Financial charges | 65/66B | €15,195 | €13,733 | -€1,462 | -9.6% |
| Recurring financial charges | 65 | €15,195 | €13,733 | -€1,462 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,755 | -€9,991 | -€2,235 | -28.8% |
| Income taxes | 67/77 | €9,018 | €193 | -€8,825 | -97.9% |
| Profit (loss) for the period | 9904 | -€16,773 | -€10,184 | +€6,590 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,773 | -€10,184 | +€6,590 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.