GUNFIMMO: 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.
GUNFIMMO
Largest movements
- Tangible fixed assets -€150,875
down €150,875 (-20.1%), from €749,415 to €598,540
- Cash +€139,457
up €139,457 (+271105.3%), from €51 to €139,508
mainly Other debts (+€261,871) and Depreciation (+€150,875)
- Stocks and contracts +€129,278
up €129,278 (+35.4%), from €365,564 to €494,842
- Receivables within one year -€49,120
down €49,120 (-15.2%), from €322,345 to €273,225
of which Trade receivables: -€99,552
- Other debts +€261,871
up €261,871 (+187.2%), from €139,920 to €401,791
- Debts after one year -€149,980
down €149,980 (-24.8%), from €605,775 to €455,795
- Trade debts -€83,252
down €83,252 (-67.5%), from €123,352 to €40,100
- Reserves +€70,922
up €70,922 (+19.0%), from €373,210 to €444,132
- Tax, wage and social debts -€31,119
down €31,119 (-73.9%), from €42,118 to €10,999
- Gross operating margin -€29,471
down €29,471 (-11.2%), from €262,992 to €233,521
- Financial charges +€5,867
up €5,867 (+39.9%), from €14,718 to €20,584
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 | €1,439,506 | €1,509,441 | +€69,934 | +4.9% |
| Fixed assets | 21/28 | €749,415 | €598,540 | -€150,875 | -20.1% |
| Tangible fixed assets | 22/27 | €749,415 | €598,540 | -€150,875 | -20.1% |
| Leasing and similar rights | 25 | €749,415 | €598,540 | -€150,875 | -20.1% |
| Current assets | 29/58 | €690,092 | €910,901 | +€220,810 | +32.0% |
| Stocks and contracts in progress | 3 | €365,564 | €494,842 | +€129,278 | +35.4% |
| Stocks | 30/36 | €365,564 | €494,842 | +€129,278 | +35.4% |
| Amounts receivable within one year | 40/41 | €322,345 | €273,225 | -€49,120 | -15.2% |
| Trade receivables | 40 | €105,036 | €5,484 | -€99,552 | -94.8% |
| Other amounts receivable | 41 | €217,309 | €267,742 | +€50,433 | +23.2% |
| Cash at bank and in hand | 54/58 | €51 | €139,508 | +€139,457 | +271105.3% |
| Deferred charges and accrued income | 490/1 | €2,131 | €3,325 | +€1,194 | +56.0% |
| Total equity and liabilities | 10/49 | €1,439,506 | €1,509,441 | +€69,934 | +4.9% |
| Equity | 10/15 | €379,410 | €450,332 | +€70,922 | +18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €373,210 | €444,132 | +€70,922 | +19.0% |
| Distributable reserves | 133 | €373,210 | €444,132 | +€70,922 | +19.0% |
| Amounts payable | 17/49 | €1,060,097 | €1,059,109 | -€987 | -0.1% |
| Amounts payable after more than one year | 17 | €605,775 | €455,795 | -€149,980 | -24.8% |
| Financial debts | 170/4 | €605,775 | €455,795 | -€149,980 | -24.8% |
| Amounts payable within one year | 42/48 | €454,284 | €602,871 | +€148,587 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €148,894 | €149,980 | +€1,087 | +0.7% |
| Trade debts | 44 | €123,352 | €40,100 | -€83,252 | -67.5% |
| Suppliers | 440/4 | €123,352 | €40,100 | -€83,252 | -67.5% |
| Taxes, remuneration and social security | 45 | €42,118 | €10,999 | -€31,119 | -73.9% |
| Taxes | 450/3 | €42,118 | €10,999 | -€31,119 | -73.9% |
| Other amounts payable | 47/48 | €139,920 | €401,791 | +€261,871 | +187.2% |
| Accrued charges and deferred income | 492/3 | €37 | €443 | +€406 | +1097.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,875 | €150,875 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,805 | €1,143 | -€662 | -36.7% |
| Gross operating margin | 9900 | €262,992 | €233,521 | -€29,471 | -11.2% |
| Operating profit (loss) | 9901 | €110,312 | €81,503 | -€28,809 | -26.1% |
| Financial income | 75/76B | €7,773 | €10,003 | +€2,230 | +28.7% |
| Recurring financial income | 75 | €7,773 | €10,003 | +€2,230 | +28.7% |
| Financial charges | 65/66B | €14,718 | €20,584 | +€5,867 | +39.9% |
| Recurring financial charges | 65 | €14,718 | €20,584 | +€5,867 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €103,368 | €70,922 | -€32,446 | -31.4% |
| Profit (loss) for the period | 9904 | €103,368 | €70,922 | -€32,446 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,368 | €70,922 | -€32,446 | -31.4% |
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 12 October 2026 via checked.be.