GÜNEY: 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.
GÜNEY
Largest movements
- Cash -€14,602
down €14,602 (-75.5%), from €19,341 to €4,739
mainly Net result for the year (-€23,947) and Receivables within one year (-€3,872)
- Stocks and contracts -€5,355
down €5,355 (-32.3%), from €16,576 to €11,221
- Receivables within one year +€3,872
new in 2025: €3,872
- Tangible fixed assets -€1,270
down €1,270 (-71.8%), from €1,770 to €500
of which Furniture and vehicles: -€756
- Deferred charges and accrued income +€455
new in 2025: €455
- Profit (loss) carried forward -€23,947
down €23,947 (-98.5%), from €24,316 to €369
- Tax, wage and social debts +€10,380
up €10,380 (+1843.7%), from €563 to €10,943
of which Taxes: +€7,093
- Trade debts -€2,593
no longer reported in 2025 (was €2,593)
- Other debts -€740
down €740 (-98.0%), from €755 to €15
- Staff costs +€38,173
up €38,173 (+100455.3%), from €38 to €38,211
- Gross operating margin +€13,901
up €13,901 (+552.7%), from €2,515 to €16,416
- Depreciation +€544
up €544 (+74.9%), from €726 to €1,270
- Other operating charges -€487
down €487 (-53.5%), from €911 to €424
- Financial charges +€188
up €188 (+69.6%), from €270 to €458
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 | €37,787 | €20,887 | -€16,900 | -44.7% |
| Fixed assets | 21/28 | €1,870 | €600 | -€1,270 | -67.9% |
| Tangible fixed assets | 22/27 | €1,770 | €500 | -€1,270 | -71.8% |
| Plant, machinery and equipment | 23 | €1,014 | €500 | -€514 | -50.7% |
| Furniture and vehicles | 24 | €756 | - | -€756 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €35,917 | €20,287 | -€15,630 | -43.5% |
| Stocks and contracts in progress | 3 | €16,576 | €11,221 | -€5,355 | -32.3% |
| Stocks | 30/36 | €16,576 | €11,221 | -€5,355 | -32.3% |
| Amounts receivable within one year | 40/41 | - | €3,872 | +€3,872 | |
| Other amounts receivable | 41 | - | €3,872 | +€3,872 | |
| Cash at bank and in hand | 54/58 | €19,341 | €4,739 | -€14,602 | -75.5% |
| Deferred charges and accrued income | 490/1 | - | €455 | +€455 | |
| Total equity and liabilities | 10/49 | €37,787 | €20,887 | -€16,900 | -44.7% |
| Equity | 10/15 | €33,876 | €9,929 | -€23,947 | -70.7% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,316 | €369 | -€23,947 | -98.5% |
| Amounts payable | 17/49 | €3,911 | €10,958 | +€7,047 | +180.2% |
| Amounts payable within one year | 42/48 | €3,911 | €10,958 | +€7,047 | +180.2% |
| Trade debts | 44 | €2,593 | - | -€2,593 | |
| Suppliers | 440/4 | €2,593 | - | -€2,593 | |
| Taxes, remuneration and social security | 45 | €563 | €10,943 | +€10,380 | +1843.7% |
| Taxes | 450/3 | €563 | €7,656 | +€7,093 | +1259.9% |
| Remuneration and social security | 454/9 | - | €3,287 | +€3,287 | |
| Other amounts payable | 47/48 | €755 | €15 | -€740 | -98.0% |
| Remuneration, social security and pensions | 62 | €38 | €38,211 | +€38,173 | +100455.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726 | €1,270 | +€544 | +74.9% |
| Other operating charges | 640/8 | €911 | €424 | -€487 | -53.5% |
| Gross operating margin | 9900 | €2,515 | €16,416 | +€13,901 | +552.7% |
| Operating profit (loss) | 9901 | €840 | -€23,489 | -€24,329 | |
| Financial charges | 65/66B | €270 | €458 | +€188 | +69.6% |
| Recurring financial charges | 65 | €270 | €458 | +€188 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €570 | -€23,947 | -€24,517 | |
| Income taxes | 67/77 | €175 | - | -€175 | |
| Profit (loss) for the period | 9904 | €395 | -€23,947 | -€24,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €395 | -€23,947 | -€24,342 |
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 5 October 2026 via checked.be.