GUNES: 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.
What changed
GUNES
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,213
2024 · -€223,729+€253,941
Equity
€12.4m
2024 · €12.4m+€30,213
Cash
€229,042
2024 · €80,835+€148,207
Balance sheet total
€18.0m
2024 · €19.4m-€1.4m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-56.6%), from €2.1m to €924,567
of which Other amounts receivable: -€1.3m
- Intangible fixed assets -€221,771
down €221,771 (-99.9%), from €222,071 to €300
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-36.7%), from €3.3m to €2.1m
- Short-term financial debts -€1.0m
no longer reported in 2025 (was €1.0m)
of which Credit institutions: -€768,750
- Debts after one year +€666,597
up €666,597 (+31.9%), from €2.1m to €2.8m
of which Financial debts: +€664,897
- Profit (loss) carried forward +€224,222
up €224,222 (+3.1%), from €7.1m to €7.4m
- Current portion of long-term debt +€215,823
up €215,823 (+247%), from €87,436 to €303,259
Income statement
- Gross operating margin +€195,245
up €195,245 (+27.8%), from €702,870 to €898,116
- Financial charges -€90,679
down €90,679 (-32.6%), from €278,309 to €187,630
- Staff costs +€38,108
up €38,108 (+12.2%), from €311,856 to €349,964
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.
Result 2024
-€223,729
Gross operating margin
+€195,245
Staff costs
-€38,108
Depreciation
+€7,619
Other operating charges
+€965
Financial income
+€510
Financial charges
+€90,679
Taxes
-€2,968
Result 2025
€30,213
raises the resultlowers the result
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.
From operations
+€300,672
Investment
+€0
Financing
-€152,465
Cash 2024
€80,835
From operations (derived)
+€300,672
Net result for the year
+€30,213
Depreciation
+€301,815
Receivables within one year
+€1.2m
Deferred charges and accrued income
+€1,353
Trade debts
-€82,108
Tax, wage and social debts
+€62,715
Other debts
-€1.2m
Accrued charges and deferred income
-€7,067
Investment (derived)
+€0
Investment in fixed assets (net)
+€0
Financing
-€152,465
Debts after one year
+€666,597
Current portion of long-term debt
+€215,823
Short-term financial debts
-€1.0m
Cash 2025
€229,042
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,354,224 | €17,993,195 | -€1.4m | -7.0% |
| Fixed assets | 21/28 | €17,019,694 | €16,717,878 | -€301,815 | -1.8% |
| Intangible fixed assets | 21 | €222,071 | €300 | -€221,771 | -99.9% |
| Tangible fixed assets | 22/27 | €1,896,498 | €1,816,454 | -€80,044 | -4.2% |
| Land and buildings | 22 | €1,802,150 | €1,731,834 | -€70,316 | -3.9% |
| Plant, machinery and equipment | 23 | €79,720 | €72,750 | -€6,970 | -8.7% |
| Furniture and vehicles | 24 | €2,932 | €1,297 | -€1,635 | -55.8% |
| Other tangible fixed assets | 26 | €11,696 | €10,574 | -€1,123 | -9.6% |
| Financial fixed assets | 28 | €14,901,124 | €14,901,124 | = | 0.0% |
| Current assets | 29/58 | €2,334,531 | €1,275,316 | -€1.1m | -45.4% |
| Stocks and contracts in progress | 3 | €120,000 | €120,000 | = | 0.0% |
| Stocks | 30/36 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,130,635 | €924,567 | -€1.2m | -56.6% |
| Trade receivables | 40 | €437,304 | €488,294 | +€50,990 | +11.7% |
| Other amounts receivable | 41 | €1,693,330 | €436,272 | -€1.3m | -74.2% |
| Cash at bank and in hand | 54/58 | €80,835 | €229,042 | +€148,207 | +183% |
| Deferred charges and accrued income | 490/1 | €3,061 | €1,707 | -€1,353 | -44.2% |
| Total equity and liabilities | 10/49 | €19,354,224 | €17,993,195 | -€1.4m | -7.0% |
| Equity | 10/15 | €12,361,144 | €12,391,357 | +€30,213 | +0.2% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €215,869 | €21,860 | -€194,009 | -89.9% |
| Non-distributable reserves | 130/1 | €21,860 | €21,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,860 | €21,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €194,009 | - | -€194,009 | |
| Profit (loss) carried forward | 14 | €7,145,275 | €7,369,497 | +€224,222 | +3.1% |
| Amounts payable | 17/49 | €6,993,080 | €5,601,838 | -€1.4m | -19.9% |
| Amounts payable after more than one year | 17 | €2,091,940 | €2,758,538 | +€666,597 | +31.9% |
| Financial debts | 170/4 | €2,088,950 | €2,753,848 | +€664,897 | +31.8% |
| Other amounts payable | 178/9 | €2,990 | €4,690 | +€1,700 | +56.9% |
| Amounts payable within one year | 42/48 | €4,893,168 | €2,842,394 | -€2.1m | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €87,436 | €303,259 | +€215,823 | +247% |
| Financial debts | 43 | €1,034,885 | - | -€1.0m | |
| Credit institutions | 430/8 | €768,750 | - | -€768,750 | |
| Other loans | 439 | €266,135 | - | -€266,135 | |
| Trade debts | 44 | €399,861 | €317,753 | -€82,108 | -20.5% |
| Suppliers | 440/4 | €399,861 | €317,753 | -€82,108 | -20.5% |
| Taxes, remuneration and social security | 45 | €65,044 | €127,759 | +€62,715 | +96.4% |
| Taxes | 450/3 | €29,987 | €80,472 | +€50,485 | +168% |
| Remuneration and social security | 454/9 | €35,056 | €47,286 | +€12,230 | +34.9% |
| Other amounts payable | 47/48 | €3,305,942 | €2,093,624 | -€1.2m | -36.7% |
| Accrued charges and deferred income | 492/3 | €7,972 | €906 | -€7,067 | -88.6% |
| Remuneration, social security and pensions | 62 | €311,856 | €349,964 | +€38,108 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,434 | €301,815 | -€7,619 | -2.5% |
| Other operating charges | 640/8 | €25,176 | €24,212 | -€965 | -3.8% |
| Gross operating margin | 9900 | €702,870 | €898,116 | +€195,245 | +27.8% |
| Operating profit (loss) | 9901 | €56,404 | €222,125 | +€165,721 | +294% |
| Financial income | 75/76B | €4,400 | €4,910 | +€510 | +11.6% |
| Recurring financial income | 75 | €4,400 | €4,910 | +€510 | +11.6% |
| Financial charges | 65/66B | €278,309 | €187,630 | -€90,679 | -32.6% |
| Recurring financial charges | 65 | €278,309 | €187,630 | -€90,679 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€217,505 | €39,405 | +€256,910 | |
| Income taxes | 67/77 | €6,224 | €9,192 | +€2,968 | +47.7% |
| Profit (loss) for the period | 9904 | -€223,729 | €30,213 | +€253,941 | |
| Transfer from tax-exempt reserves | 789 | €194,009 | €194,009 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,720 | €224,222 | +€253,941 |
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 17 October 2026 via checked.be.