GuNa: what changed
Two fiscal 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.
GuNa
Largest movements
- Tangible fixed assets -€11,718
down €11,718 (-23.4%), from €50,010 to €38,292
of which Furniture and vehicles: -€20,333
- Receivables within one year +€3,786
up €3,786 (+170.4%), from €2,221 to €6,007
of which Other amounts receivable: +€4,973
- Cash +€2,306
up €2,306 (+176.5%), from €1,306 to €3,612
mainly Depreciation (+€21,631) and Other debts (+€20,183)
- Other debts +€20,183
up €20,183 (+137.4%), from €14,694 to €34,877
- Profit (loss) carried forward -€15,526
down €15,526 (-152.9%), from -€10,153 to -€25,679
- Debts after one year -€8,294
down €8,294 (-36.8%), from €22,563 to €14,270
- Tax, wage and social debts -€3,596
down €3,596 (-82.4%), from €4,364 to €768
- Current portion of long-term debt +€2,849
up €2,849 (+39.0%), from €7,309 to €10,159
- Gross operating margin -€10,458
down €10,458 (-47.7%), from €21,905 to €11,447
- Taxes -€3,014
down €3,014 (-85.2%), from €3,538 to €524
- Financial charges +€941
up €941 (+57.1%), from €1,647 to €2,588
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.
Cash bridge derived
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 | €55,829 | €50,564 | -€5,266 | -9.4% |
| Fixed assets | 21/28 | €50,010 | €38,292 | -€11,718 | -23.4% |
| Tangible fixed assets | 22/27 | €50,010 | €38,292 | -€11,718 | -23.4% |
| Plant, machinery and equipment | 23 | €1,575 | €10,190 | +€8,615 | +547.0% |
| Furniture and vehicles | 24 | €48,435 | €28,103 | -€20,333 | -42.0% |
| Current assets | 29/58 | €5,819 | €12,271 | +€6,452 | +110.9% |
| Amounts receivable within one year | 40/41 | €2,221 | €6,007 | +€3,786 | +170.4% |
| Trade receivables | 40 | €1,277 | €91 | -€1,187 | -92.9% |
| Other amounts receivable | 41 | €944 | €5,916 | +€4,973 | +526.8% |
| Cash at bank and in hand | 54/58 | €1,306 | €3,612 | +€2,306 | +176.5% |
| Deferred charges and accrued income | 490/1 | €2,292 | €2,653 | +€361 | +15.7% |
| Total equity and liabilities | 10/49 | €55,829 | €50,564 | -€5,266 | -9.4% |
| Equity | 10/15 | €3,528 | -€11,998 | -€15,526 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,681 | €8,681 | = | 0.0% |
| Distributable reserves | 133 | €8,681 | €8,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,153 | -€25,679 | -€15,526 | -152.9% |
| Amounts payable | 17/49 | €52,301 | €62,562 | +€10,260 | +19.6% |
| Amounts payable after more than one year | 17 | €22,563 | €14,270 | -€8,294 | -36.8% |
| Financial debts | 170/4 | €22,563 | €14,270 | -€8,294 | -36.8% |
| Amounts payable within one year | 42/48 | €29,738 | €48,292 | +€18,554 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €7,309 | €10,159 | +€2,849 | +39.0% |
| Trade debts | 44 | €3,370 | €2,488 | -€882 | -26.2% |
| Suppliers | 440/4 | €3,370 | €2,488 | -€882 | -26.2% |
| Taxes, remuneration and social security | 45 | €4,364 | €768 | -€3,596 | -82.4% |
| Taxes | 450/3 | €4,364 | €768 | -€3,596 | -82.4% |
| Other amounts payable | 47/48 | €14,694 | €34,877 | +€20,183 | +137.4% |
| Non-recurring operating income | 76A | €9,000 | €60 | -€8,940 | -99.3% |
| Remuneration, social security and pensions | 62 | €178 | - | -€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,640 | €21,631 | -€9 | 0.0% |
| Other operating charges | 640/8 | €2,335 | €2,230 | -€105 | -4.5% |
| Gross operating margin | 9900 | €21,905 | €11,447 | -€10,458 | -47.7% |
| Operating profit (loss) | 9901 | -€2,248 | -€12,414 | -€10,166 | -452.2% |
| Financial charges | 65/66B | €1,647 | €2,588 | +€941 | +57.1% |
| Recurring financial charges | 65 | €1,647 | €2,588 | +€941 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,895 | -€15,002 | -€11,107 | -285.2% |
| Income taxes | 67/77 | €3,538 | €524 | -€3,014 | -85.2% |
| Profit (loss) for the period | 9904 | -€7,433 | -€15,526 | -€8,093 | -108.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,433 | -€15,526 | -€8,093 | -108.9% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.