GUNCAR: 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.
GUNCAR
Largest movements
- Receivables within one year -€242,230
down €242,230 (-86.7%), from €279,506 to €37,276
of which Trade receivables: -€223,868
- Tangible fixed assets +€115,297
up €115,297 (+7.9%), from €1.5m to €1.6m
of which Land and buildings: +€119,417
- Other debts -€227,211
down €227,211 (-44.3%), from €512,992 to €285,781
- Reserves +€50,323
up €50,323 (+4.0%), from €1.3m to €1.3m
- Tax, wage and social debts +€25,873
up €25,873 (+278%), from €9,315 to €35,188
of which Taxes: +€18,418
- Financial income -€459,000
down €459,000 (-100%), from €459,000 to €0
- Depreciation +€20,460
up €20,460 (+69.3%), from €29,510 to €49,970
- Gross operating margin +€13,810
up €13,810 (+9.5%), from €145,509 to €159,319
- Financial charges -€6,358
down €6,358 (-17.1%), from €37,179 to €30,820
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 | €2,443,410 | €2,332,426 | -€110,985 | -4.5% |
| Fixed assets | 21/28 | €2,110,592 | €2,225,889 | +€115,297 | +5.5% |
| Tangible fixed assets | 22/27 | €1,455,212 | €1,570,509 | +€115,297 | +7.9% |
| Land and buildings | 22 | €1,443,349 | €1,562,766 | +€119,417 | +8.3% |
| Furniture and vehicles | 24 | €11,863 | €7,743 | -€4,120 | -34.7% |
| Financial fixed assets | 28 | €655,380 | €655,380 | = | 0.0% |
| Current assets | 29/58 | €332,818 | €106,536 | -€226,282 | -68.0% |
| Amounts receivable within one year | 40/41 | €279,506 | €37,276 | -€242,230 | -86.7% |
| Trade receivables | 40 | €247,154 | €23,286 | -€223,868 | -90.6% |
| Other amounts receivable | 41 | €32,352 | €13,990 | -€18,362 | -56.8% |
| Cash at bank and in hand | 54/58 | €46,574 | €62,813 | +€16,239 | +34.9% |
| Deferred charges and accrued income | 490/1 | €6,738 | €6,447 | -€291 | -4.3% |
| Total equity and liabilities | 10/49 | €2,443,410 | €2,332,426 | -€110,985 | -4.5% |
| Equity | 10/15 | €1,310,919 | €1,361,242 | +€50,323 | +3.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,260,000 | €1,310,323 | +€50,323 | +4.0% |
| Distributable reserves | 133 | €1,260,000 | €1,310,323 | +€50,323 | +4.0% |
| Profit (loss) carried forward | 14 | €919 | €919 | = | 0.0% |
| Amounts payable | 17/49 | €1,132,491 | €971,184 | -€161,307 | -14.2% |
| Amounts payable after more than one year | 17 | €556,683 | €579,240 | +€22,557 | +4.1% |
| Financial debts | 170/4 | €481,683 | €504,240 | +€22,557 | +4.7% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €565,277 | €380,784 | -€184,493 | -32.6% |
| Financial debts | 43 | €41,492 | €59,208 | +€17,715 | +42.7% |
| Credit institutions | 430/8 | €41,492 | €59,208 | +€17,715 | +42.7% |
| Trade debts | 44 | €1,478 | €608 | -€870 | -58.9% |
| Suppliers | 440/4 | €1,478 | €608 | -€870 | -58.9% |
| Taxes, remuneration and social security | 45 | €9,315 | €35,188 | +€25,873 | +278% |
| Taxes | 450/3 | €5,619 | €24,038 | +€18,418 | +328% |
| Remuneration and social security | 454/9 | €3,696 | €11,150 | +€7,455 | +202% |
| Other amounts payable | 47/48 | €512,992 | €285,781 | -€227,211 | -44.3% |
| Accrued charges and deferred income | 492/3 | €10,530 | €11,159 | +€629 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,510 | €49,970 | +€20,460 | +69.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €475 | +€475 | |
| Other operating charges | 640/8 | €8,574 | €9,370 | +€795 | +9.3% |
| Gross operating margin | 9900 | €145,509 | €159,319 | +€13,810 | +9.5% |
| Operating profit (loss) | 9901 | €107,425 | €99,504 | -€7,921 | -7.4% |
| Financial income | 75/76B | €459,000 | €0 | -€459,000 | -100% |
| Recurring financial income | 75 | €459,000 | €0 | -€459,000 | -100% |
| Financial charges | 65/66B | €37,179 | €30,820 | -€6,358 | -17.1% |
| Recurring financial charges | 65 | €37,179 | €30,820 | -€6,358 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €529,247 | €68,684 | -€460,563 | -87.0% |
| Income taxes | 67/77 | €17,648 | €18,362 | +€713 | +4.0% |
| Profit (loss) for the period | 9904 | €511,598 | €50,323 | -€461,276 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €511,598 | €50,323 | -€461,276 | -90.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.