GUNDOGDU: 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.
GUNDOGDU
Largest movements
- Cash +€38,083
up €38,083 (+49.2%), from €77,395 to €115,478
mainly Net result for the year (+€24,152) and Debts after one year (+€16,830)
- Tangible fixed assets +€12,649
up €12,649 (+67.3%), from €18,808 to €31,457
of which Furniture and vehicles: +€13,259
- Deferred charges and accrued income -€11,542
down €11,542 (-77.8%), from €14,838 to €3,296
- Receivables within one year +€6,824
up €6,824 (+59.2%), from €11,522 to €18,346
of which Other amounts receivable: +€6,075
- Reserves +€22,000
up €22,000 (+33.3%), from €66,000 to €88,000
- Debts after one year +€16,830
new in 2025: €16,830
- Current portion of long-term debt +€8,742
new in 2025: €8,742
- Other debts -€5,464
down €5,464 (-84.4%), from €6,477 to €1,013
- Trade debts +€3,546
up €3,546 (+233%), from €1,522 to €5,068
- Taxes -€28,641
down €28,641 (-69.7%), from €41,096 to €12,455
- Gross operating margin +€1,353
up €1,353 (+2.6%), from €52,521 to €53,874
- Depreciation +€714
up €714 (+4.9%), from €14,677 to €15,390
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 | €122,562 | €168,576 | +€46,014 | +37.5% |
| Fixed assets | 21/28 | €18,808 | €31,457 | +€12,649 | +67.3% |
| Tangible fixed assets | 22/27 | €18,808 | €31,457 | +€12,649 | +67.3% |
| Plant, machinery and equipment | 23 | €2,289 | €1,679 | -€610 | -26.7% |
| Furniture and vehicles | 24 | €16,519 | €29,778 | +€13,259 | +80.3% |
| Current assets | 29/58 | €103,755 | €137,119 | +€33,365 | +32.2% |
| Amounts receivable within one year | 40/41 | €11,522 | €18,346 | +€6,824 | +59.2% |
| Trade receivables | 40 | €10,205 | €10,954 | +€749 | +7.3% |
| Other amounts receivable | 41 | €1,318 | €7,392 | +€6,075 | +461% |
| Cash at bank and in hand | 54/58 | €77,395 | €115,478 | +€38,083 | +49.2% |
| Deferred charges and accrued income | 490/1 | €14,838 | €3,296 | -€11,542 | -77.8% |
| Total equity and liabilities | 10/49 | €122,562 | €168,576 | +€46,014 | +37.5% |
| Equity | 10/15 | €107,775 | €131,927 | +€24,152 | +22.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €66,000 | €88,000 | +€22,000 | +33.3% |
| Distributable reserves | 133 | €66,000 | €88,000 | +€22,000 | +33.3% |
| Profit (loss) carried forward | 14 | €40,775 | €42,927 | +€2,152 | +5.3% |
| Amounts payable | 17/49 | €14,788 | €36,649 | +€21,862 | +148% |
| Amounts payable after more than one year | 17 | - | €16,830 | +€16,830 | |
| Financial debts | 170/4 | - | €16,830 | +€16,830 | |
| Amounts payable within one year | 42/48 | €14,788 | €19,820 | +€5,032 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,742 | +€8,742 | |
| Trade debts | 44 | €1,522 | €5,068 | +€3,546 | +233% |
| Suppliers | 440/4 | €1,522 | €5,068 | +€3,546 | +233% |
| Taxes, remuneration and social security | 45 | €6,789 | €4,997 | -€1,792 | -26.4% |
| Taxes | 450/3 | €4,539 | €4,997 | +€458 | +10.1% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €6,477 | €1,013 | -€5,464 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,677 | €15,390 | +€714 | +4.9% |
| Other operating charges | 640/8 | €1,195 | €1,437 | +€241 | +20.2% |
| Gross operating margin | 9900 | €52,521 | €53,874 | +€1,353 | +2.6% |
| Operating profit (loss) | 9901 | €36,649 | €37,047 | +€398 | +1.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €83 | €439 | +€357 | +431% |
| Recurring financial charges | 65 | €83 | €439 | +€357 | +431% |
| Profit (loss) for the period before taxes | 9903 | €36,567 | €36,608 | +€41 | +0.1% |
| Income taxes | 67/77 | €41,096 | €12,455 | -€28,641 | -69.7% |
| Profit (loss) for the period | 9904 | -€4,529 | €24,152 | +€28,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,529 | €24,152 | +€28,681 |
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 23 October 2026 via checked.be.