GUN.BOUW: 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.
GUN.BOUW
Largest movements
- Tangible fixed assets +€43,640
up €43,640 (+194%), from €22,527 to €66,168
of which Furniture and vehicles: +€47,409
- Stocks and contracts -€16,040
down €16,040 (-86.6%), from €18,530 to €2,490
of which Contracts in progress: -€15,540
- Cash -€5,836
down €5,836 (-26.1%), from €22,330 to €16,495
mainly Investment in fixed assets (net) (-€60,288) and Debts after one year (-€8,894)
- Receivables within one year -€2,241
down €2,241 (-32.3%), from €6,930 to €4,689
- Deferred charges and accrued income +€1,418
new in 2025: €1,418
- Profit (loss) carried forward +€13,995
up €13,995 (+91.9%), from -€15,235 to -€1,241
- Other debts +€10,866
up €10,866 (+32.1%), from €33,820 to €44,686
- Debts after one year -€8,894
down €8,894 (-93.0%), from €9,564 to €671
- Tax, wage and social debts +€2,054
up €2,054 (+10.3%), from €19,994 to €22,048
of which Taxes: +€2,430
- Trade debts +€2,043
up €2,043 (+52.5%), from €3,889 to €5,932
- Gross operating margin +€9,722
up €9,722 (+14.6%), from €66,804 to €76,525
- Staff costs +€4,996
up €4,996 (+13.1%), from €38,146 to €43,143
- Depreciation -€3,135
down €3,135 (-15.8%), from €19,782 to €16,647
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 | €70,318 | €91,260 | +€20,942 | +29.8% |
| Fixed assets | 21/28 | €22,527 | €66,168 | +€43,640 | +194% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €22,527 | €66,168 | +€43,640 | +194% |
| Plant, machinery and equipment | 23 | €6,536 | €2,767 | -€3,769 | -57.7% |
| Furniture and vehicles | 24 | €15,991 | €63,401 | +€47,409 | +296% |
| Current assets | 29/58 | €47,791 | €25,092 | -€22,698 | -47.5% |
| Stocks and contracts in progress | 3 | €18,530 | €2,490 | -€16,040 | -86.6% |
| Stocks | 30/36 | €2,990 | €2,490 | -€500 | -16.7% |
| Contracts in progress | 37 | €15,540 | - | -€15,540 | |
| Amounts receivable within one year | 40/41 | €6,930 | €4,689 | -€2,241 | -32.3% |
| Trade receivables | 40 | €6,930 | €4,689 | -€2,241 | -32.3% |
| Cash at bank and in hand | 54/58 | €22,330 | €16,495 | -€5,836 | -26.1% |
| Deferred charges and accrued income | 490/1 | - | €1,418 | +€1,418 | |
| Total equity and liabilities | 10/49 | €70,318 | €91,260 | +€20,942 | +29.8% |
| Equity | 10/15 | -€7,175 | €6,819 | +€13,995 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,235 | -€1,241 | +€13,995 | +91.9% |
| Amounts payable | 17/49 | €77,493 | €84,440 | +€6,947 | +9.0% |
| Amounts payable after more than one year | 17 | €9,564 | €671 | -€8,894 | -93.0% |
| Financial debts | 170/4 | €9,564 | €671 | -€8,894 | -93.0% |
| Amounts payable within one year | 42/48 | €67,929 | €83,770 | +€15,841 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €10,226 | €11,104 | +€878 | +8.6% |
| Trade debts | 44 | €3,889 | €5,932 | +€2,043 | +52.5% |
| Suppliers | 440/4 | €3,889 | €5,932 | +€2,043 | +52.5% |
| Taxes, remuneration and social security | 45 | €19,994 | €22,048 | +€2,054 | +10.3% |
| Taxes | 450/3 | €7,733 | €10,162 | +€2,430 | +31.4% |
| Remuneration and social security | 454/9 | €12,261 | €11,886 | -€376 | -3.1% |
| Other amounts payable | 47/48 | €33,820 | €44,686 | +€10,866 | +32.1% |
| Non-recurring operating income | 76A | - | €26,773 | +€26,773 | |
| Remuneration, social security and pensions | 62 | €38,146 | €43,143 | +€4,996 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,782 | €16,647 | -€3,135 | -15.8% |
| Other operating charges | 640/8 | €1,771 | €1,580 | -€191 | -10.8% |
| Gross operating margin | 9900 | €66,804 | €76,525 | +€9,722 | +14.6% |
| Operating profit (loss) | 9901 | €7,104 | €15,155 | +€8,051 | +113% |
| Financial income | 75/76B | €522 | €204 | -€319 | -61.0% |
| Recurring financial income | 75 | €522 | €204 | -€319 | -61.0% |
| Financial charges | 65/66B | €744 | €1,182 | +€438 | +58.8% |
| Recurring financial charges | 65 | €744 | €1,182 | +€438 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €6,882 | €14,176 | +€7,294 | +106% |
| Income taxes | 67/77 | €147 | €181 | +€35 | +23.7% |
| Profit (loss) for the period | 9904 | €6,735 | €13,995 | +€7,259 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €6,735 | €13,995 | +€7,259 | +108% |
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 1 November 2026 via checked.be.