GUNASTERCK: 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.
GUNASTERCK
Largest movements
- Cash +€78,467
up €78,467 (+74.8%), from €104,882 to €183,349
mainly Net result for the year (+€33,928) and Depreciation (+€31,965)
- Tangible fixed assets -€31,965
down €31,965 (-8.4%), from €381,739 to €349,775
of which Land and buildings: -€25,070
- Profit (loss) carried forward +€33,928
up €33,928 (+21.4%), from -€158,185 to -€124,256
- Gross operating margin +€11,608
up €11,608 (+8.6%), from €135,733 to €147,340
- Staff costs +€7,080
up €7,080 (+11.4%), from €62,036 to €69,115
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 | €508,733 | €554,863 | +€46,130 | +9.1% |
| Fixed assets | 21/28 | €381,814 | €349,849 | -€31,965 | -8.4% |
| Tangible fixed assets | 22/27 | €381,739 | €349,775 | -€31,965 | -8.4% |
| Land and buildings | 22 | €352,654 | €327,584 | -€25,070 | -7.1% |
| Plant, machinery and equipment | 23 | €23,102 | €19,563 | -€3,539 | -15.3% |
| Furniture and vehicles | 24 | €5,983 | €2,627 | -€3,356 | -56.1% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €126,919 | €205,014 | +€78,095 | +61.5% |
| Amounts receivable within one year | 40/41 | €16,430 | €15,470 | -€959 | -5.8% |
| Trade receivables | 40 | €3,810 | €2,930 | -€880 | -23.1% |
| Other amounts receivable | 41 | €12,620 | €12,540 | -€80 | -0.6% |
| Cash at bank and in hand | 54/58 | €104,882 | €183,349 | +€78,467 | +74.8% |
| Deferred charges and accrued income | 490/1 | €5,608 | €6,195 | +€587 | +10.5% |
| Total equity and liabilities | 10/49 | €508,733 | €554,863 | +€46,130 | +9.1% |
| Equity | 10/15 | €103,815 | €137,744 | +€33,928 | +32.7% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,185 | -€124,256 | +€33,928 | +21.4% |
| Amounts payable | 17/49 | €404,917 | €417,119 | +€12,202 | +3.0% |
| Amounts payable after more than one year | 17 | €228,264 | €228,264 | = | 0.0% |
| Financial debts | 170/4 | €223,104 | €223,104 | = | 0.0% |
| Other amounts payable | 178/9 | €5,160 | €5,160 | = | 0.0% |
| Amounts payable within one year | 42/48 | €176,391 | €188,855 | +€12,464 | +7.1% |
| Trade debts | 44 | €12,813 | €17,035 | +€4,222 | +33.0% |
| Suppliers | 440/4 | €12,813 | €17,035 | +€4,222 | +33.0% |
| Taxes, remuneration and social security | 45 | €8,817 | €13,280 | +€4,463 | +50.6% |
| Taxes | 450/3 | €162 | €192 | +€30 | +18.6% |
| Remuneration and social security | 454/9 | €8,655 | €13,088 | +€4,433 | +51.2% |
| Other amounts payable | 47/48 | €154,761 | €158,540 | +€3,779 | +2.4% |
| Accrued charges and deferred income | 492/3 | €262 | €0 | -€262 | -100.0% |
| Remuneration, social security and pensions | 62 | €62,036 | €69,115 | +€7,080 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,965 | €31,965 | -€0 | 0.0% |
| Other operating charges | 640/8 | €8,969 | €9,409 | +€439 | +4.9% |
| Gross operating margin | 9900 | €135,733 | €147,340 | +€11,608 | +8.6% |
| Operating profit (loss) | 9901 | €32,763 | €36,851 | +€4,089 | +12.5% |
| Financial income | 75/76B | €749 | €1,130 | +€380 | +50.7% |
| Recurring financial income | 75 | €749 | €1,130 | +€380 | +50.7% |
| Financial charges | 65/66B | €3,977 | €4,039 | +€61 | +1.5% |
| Recurring financial charges | 65 | €3,977 | €4,039 | +€61 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €29,535 | €33,942 | +€4,408 | +14.9% |
| Income taxes | 67/77 | - | €14 | +€14 | |
| Profit (loss) for the period | 9904 | €29,535 | €33,928 | +€4,393 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,535 | €33,928 | +€4,393 | +14.9% |
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 2 October 2026 via checked.be.