GUNGOR: 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.
GUNGOR
Largest movements
- Cash -€498,196
down €498,196 (-74.5%), from €668,779 to €170,582
mainly Trade debts (-€701,430) and Investment in fixed assets (net) (-€189,131)
- Receivables within one year -€231,148
down €231,148 (-40.0%), from €577,949 to €346,801
of which Other amounts receivable: -€236,324
- Trade debts -€701,430
down €701,430 (-54.6%), from €1.3m to €582,107
- Reserves -€165,432
down €165,432 (-60.9%), from €271,444 to €106,012
of which Distributable reserves: -€165,432
- Profit (loss) carried forward +€142,739
no longer reported in 2025 (was -€142,739)
- Debts after one year -€104,269
down €104,269 (-9.1%), from €1.2m to €1.0m
- Current portion of long-term debt +€52,356
up €52,356 (+39.7%), from €131,754 to €184,109
- Gross operating margin +€593,387
up €593,387 (+151.3%), from €392,218 to €985,605
- Staff costs +€171,536
up €171,536 (+43.8%), from €391,508 to €563,044
- Depreciation +€143,017
up €143,017 (+370.9%), from €38,555 to €181,573
- Other operating charges -€45,070
down €45,070 (-76.2%), from €59,167 to €14,098
- Financial charges +€28,115
up €28,115 (+67.0%), from €41,956 to €70,071
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 | €3,099,259 | €2,366,989 | -€732,269 | -23.6% |
| Fixed assets | 21/28 | €1,569,513 | €1,577,071 | +€7,558 | +0.5% |
| Intangible fixed assets | 21 | €3,356 | €5,689 | +€2,333 | +69.5% |
| Tangible fixed assets | 22/27 | €1,566,157 | €1,571,382 | +€5,225 | +0.3% |
| Land and buildings | 22 | €112,440 | €101,906 | -€10,534 | -9.4% |
| Plant, machinery and equipment | 23 | €272,698 | €306,123 | +€33,425 | +12.3% |
| Furniture and vehicles | 24 | €30,335 | €47,119 | +€16,784 | +55.3% |
| Leasing and similar rights | 25 | - | €7,562 | +€7,562 | |
| Other tangible fixed assets | 26 | €1,150,684 | €1,108,673 | -€42,012 | -3.7% |
| Current assets | 29/58 | €1,529,746 | €789,919 | -€739,827 | -48.4% |
| Stocks and contracts in progress | 3 | €275,096 | €263,446 | -€11,650 | -4.2% |
| Stocks | 30/36 | €275,096 | €263,446 | -€11,650 | -4.2% |
| Amounts receivable within one year | 40/41 | €577,949 | €346,801 | -€231,148 | -40.0% |
| Trade receivables | 40 | €88,516 | €93,691 | +€5,175 | +5.8% |
| Other amounts receivable | 41 | €489,433 | €253,110 | -€236,324 | -48.3% |
| Cash at bank and in hand | 54/58 | €668,779 | €170,582 | -€498,196 | -74.5% |
| Deferred charges and accrued income | 490/1 | €7,922 | €9,089 | +€1,167 | +14.7% |
| Total equity and liabilities | 10/49 | €3,099,259 | €2,366,989 | -€732,269 | -23.6% |
| Equity | 10/15 | €228,705 | €206,012 | -€22,693 | -9.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €271,444 | €106,012 | -€165,432 | -60.9% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €215,194 | €49,762 | -€165,432 | -76.9% |
| Profit (loss) carried forward | 14 | -€142,739 | - | +€142,739 | |
| Amounts payable | 17/49 | €2,870,554 | €2,160,977 | -€709,577 | -24.7% |
| Amounts payable after more than one year | 17 | €1,151,223 | €1,046,954 | -€104,269 | -9.1% |
| Financial debts | 170/4 | €1,151,223 | €1,046,954 | -€104,269 | -9.1% |
| Amounts payable within one year | 42/48 | €1,719,330 | €1,114,023 | -€605,307 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €131,754 | €184,109 | +€52,356 | +39.7% |
| Trade debts | 44 | €1,283,537 | €582,107 | -€701,430 | -54.6% |
| Suppliers | 440/4 | €1,283,537 | €582,107 | -€701,430 | -54.6% |
| Taxes, remuneration and social security | 45 | €49,040 | €70,471 | +€21,431 | +43.7% |
| Taxes | 450/3 | €1,384 | €8,139 | +€6,756 | +488.3% |
| Remuneration and social security | 454/9 | €47,656 | €62,332 | +€14,676 | +30.8% |
| Other amounts payable | 47/48 | €255,000 | €277,336 | +€22,336 | +8.8% |
| Non-recurring operating income | 76A | - | €12,878 | +€12,878 | |
| Remuneration, social security and pensions | 62 | €391,508 | €563,044 | +€171,536 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,555 | €181,573 | +€143,017 | +370.9% |
| Other operating charges | 640/8 | €59,167 | €14,098 | -€45,070 | -76.2% |
| Non-recurring operating charges | 66A | €4,486 | - | -€4,486 | |
| Gross operating margin | 9900 | €392,218 | €985,605 | +€593,387 | +151.3% |
| Operating profit (loss) | 9901 | -€101,499 | €226,891 | +€328,389 | |
| Financial income | 75/76B | €1,317 | €847 | -€471 | -35.7% |
| Recurring financial income | 75 | €1,317 | €847 | -€471 | -35.7% |
| Financial charges | 65/66B | €41,956 | €70,071 | +€28,115 | +67.0% |
| Recurring financial charges | 65 | €41,956 | €70,071 | +€28,115 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | -€142,137 | €157,666 | +€299,804 | |
| Income taxes | 67/77 | €602 | €359 | -€243 | -40.4% |
| Profit (loss) for the period | 9904 | -€142,739 | €157,307 | +€300,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142,739 | €157,307 | +€300,047 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.