GÜNAY: 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.
GÜNAY
Largest movements
- Stocks and contracts +€36,458
up €36,458 (+36.4%), from €100,065 to €136,523
- Tangible fixed assets +€15,997
up €15,997 (+646.6%), from €2,474 to €18,471
of which Furniture and vehicles: +€11,250
- Receivables within one year +€14,586
up €14,586 (+141.7%), from €10,297 to €24,883
of which Other amounts receivable: +€11,991
- Cash +€5,117
up €5,117 (+89.1%), from €5,744 to €10,861
mainly Trade debts (+€43,257) and Other debts (+€20,883)
- Trade debts +€43,257
up €43,257 (+189.4%), from €22,834 to €66,091
- Other debts +€20,883
up €20,883 (+32.7%), from €63,888 to €84,771
- Profit (loss) carried forward +€4,889
up €4,889 (+31.9%), from €15,326 to €20,215
- Tax, wage and social debts +€4,624
up €4,624 (+70.8%), from €6,532 to €11,156
of which Remuneration and social security: +€3,116
- Gross operating margin +€22,224
up €22,224 (+55.5%), from €40,072 to €62,296
- Taxes +€11,960
new in 2024: €11,960
- Staff costs +€4,017
up €4,017 (+20.2%), from €19,856 to €23,873
- Depreciation +€2,332
up €2,332 (+270.6%), from €862 to €3,194
- Financial charges -€669
down €669 (-40.9%), from €1,633 to €965
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,180 | €200,832 | +€73,653 | +57.9% |
| Fixed assets | 21/28 | €9,774 | €26,871 | +€17,097 | +174.9% |
| Tangible fixed assets | 22/27 | €2,474 | €18,471 | +€15,997 | +646.6% |
| Plant, machinery and equipment | 23 | €2,474 | €7,221 | +€4,747 | +191.9% |
| Furniture and vehicles | 24 | - | €11,250 | +€11,250 | |
| Financial fixed assets | 28 | €7,300 | €8,400 | +€1,100 | +15.1% |
| Current assets | 29/58 | €117,406 | €173,962 | +€56,556 | +48.2% |
| Stocks and contracts in progress | 3 | €100,065 | €136,523 | +€36,458 | +36.4% |
| Stocks | 30/36 | €100,065 | €136,523 | +€36,458 | +36.4% |
| Amounts receivable within one year | 40/41 | €10,297 | €24,883 | +€14,586 | +141.7% |
| Trade receivables | 40 | €4,143 | €6,738 | +€2,596 | +62.7% |
| Other amounts receivable | 41 | €6,154 | €18,145 | +€11,991 | +194.8% |
| Cash at bank and in hand | 54/58 | €5,744 | €10,861 | +€5,117 | +89.1% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,695 | +€395 | +30.3% |
| Total equity and liabilities | 10/49 | €127,180 | €200,832 | +€73,653 | +57.9% |
| Equity | 10/15 | €33,926 | €38,815 | +€4,889 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,326 | €20,215 | +€4,889 | +31.9% |
| Amounts payable | 17/49 | €93,254 | €162,017 | +€68,763 | +73.7% |
| Amounts payable within one year | 42/48 | €93,254 | €162,017 | +€68,763 | +73.7% |
| Trade debts | 44 | €22,834 | €66,091 | +€43,257 | +189.4% |
| Suppliers | 440/4 | €22,834 | €66,091 | +€43,257 | +189.4% |
| Taxes, remuneration and social security | 45 | €6,532 | €11,156 | +€4,624 | +70.8% |
| Taxes | 450/3 | €4,041 | €5,549 | +€1,508 | +37.3% |
| Remuneration and social security | 454/9 | €2,491 | €5,607 | +€3,116 | +125.1% |
| Other amounts payable | 47/48 | €63,888 | €84,771 | +€20,883 | +32.7% |
| Remuneration, social security and pensions | 62 | €19,856 | €23,873 | +€4,017 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €3,194 | +€2,332 | +270.6% |
| Other operating charges | 640/8 | €955 | €978 | +€23 | +2.4% |
| Non-recurring operating charges | 66A | - | €16,439 | +€16,439 | |
| Gross operating margin | 9900 | €40,072 | €62,296 | +€22,224 | +55.5% |
| Operating profit (loss) | 9901 | €18,400 | €17,813 | -€587 | -3.2% |
| Financial income | 75/76B | €21 | €1 | -€20 | -93.8% |
| Recurring financial income | 75 | €21 | €1 | -€20 | -93.8% |
| Financial charges | 65/66B | €1,633 | €965 | -€669 | -40.9% |
| Recurring financial charges | 65 | €1,633 | €965 | -€669 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €16,788 | €16,849 | +€62 | +0.4% |
| Income taxes | 67/77 | - | €11,960 | +€11,960 | |
| Profit (loss) for the period | 9904 | €16,788 | €4,889 | -€11,898 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,788 | €4,889 | -€11,898 | -70.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.