GUNGOR: 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.
GUNGOR
Largest movements
- Stocks and contracts -€54,168
no longer reported in 2025 (was €54,168)
- Cash -€36,838
no longer reported in 2025 (was €36,838)
mainly Net result for the year (-€156,902) and Current portion of long-term debt (-€98,945)
- Reserves -€116,767
no longer reported in 2025 (was €116,767)
- Current portion of long-term debt -€98,945
down €98,945 (-82.5%), from €119,986 to €21,041
- Short-term financial debts +€72,547
up €72,547 (+148%), from €49,000 to €121,547
of which Credit institutions: +€63,547
- Other debts +€70,514
up €70,514 (+1,645%), from €4,286 to €74,800
- Profit (loss) carried forward -€40,135
down €40,135, from €18,022 to -€22,113
- Gross operating margin -€119,031
down €119,031, from €54,083 to -€64,948
- Depreciation -€8,562
down €8,562 (-14.4%), from €59,443 to €50,881
- Other operating charges +€5,439
up €5,439 (+49.6%), from €10,971 to €16,410
- Financial charges -€4,005
down €4,005 (-13.9%), from €28,713 to €24,708
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 | €1,380,764 | €1,282,138 | -€98,626 | -7.1% |
| Fixed assets | 21/28 | €1,289,162 | €1,275,929 | -€13,232 | -1.0% |
| Tangible fixed assets | 22/27 | €1,289,136 | €1,275,903 | -€13,232 | -1.0% |
| Land and buildings | 22 | €1,238,665 | €1,201,189 | -€37,476 | -3.0% |
| Plant, machinery and equipment | 23 | €50,132 | €37,271 | -€12,861 | -25.7% |
| Furniture and vehicles | 24 | €339 | €37,444 | +€37,105 | +10,942% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €91,602 | €6,209 | -€85,393 | -93.2% |
| Stocks and contracts in progress | 3 | €54,168 | - | -€54,168 | |
| Stocks | 30/36 | €54,168 | - | -€54,168 | |
| Amounts receivable within one year | 40/41 | €596 | €4,566 | +€3,970 | +666% |
| Trade receivables | 40 | €596 | €4,566 | +€3,970 | +666% |
| Cash at bank and in hand | 54/58 | €36,838 | - | -€36,838 | |
| Deferred charges and accrued income | 490/1 | - | €1,643 | +€1,643 | |
| Total equity and liabilities | 10/49 | €1,380,764 | €1,282,138 | -€98,626 | -7.1% |
| Equity | 10/15 | €153,389 | -€3,513 | -€156,902 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,767 | - | -€116,767 | |
| Distributable reserves | 133 | €116,767 | - | -€116,767 | |
| Profit (loss) carried forward | 14 | €18,022 | -€22,113 | -€40,135 | |
| Amounts payable | 17/49 | €1,227,374 | €1,285,651 | +€58,276 | +4.7% |
| Amounts payable after more than one year | 17 | €849,435 | €849,435 | = | 0.0% |
| Financial debts | 170/4 | €849,435 | €849,435 | = | 0.0% |
| Amounts payable within one year | 42/48 | €377,939 | €436,215 | +€58,276 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €119,986 | €21,041 | -€98,945 | -82.5% |
| Financial debts | 43 | €49,000 | €121,547 | +€72,547 | +148% |
| Credit institutions | 430/8 | - | €63,547 | +€63,547 | |
| Other loans | 439 | €49,000 | €58,000 | +€9,000 | +18.4% |
| Trade debts | 44 | €189,109 | €215,262 | +€26,152 | +13.8% |
| Suppliers | 440/4 | €189,109 | €215,262 | +€26,152 | +13.8% |
| Taxes, remuneration and social security | 45 | €15,558 | €3,566 | -€11,992 | -77.1% |
| Taxes | 450/3 | €15,558 | €3,566 | -€11,992 | -77.1% |
| Other amounts payable | 47/48 | €4,286 | €74,800 | +€70,514 | +1,645% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,443 | €50,881 | -€8,562 | -14.4% |
| Other operating charges | 640/8 | €10,971 | €16,410 | +€5,439 | +49.6% |
| Gross operating margin | 9900 | €54,083 | -€64,948 | -€119,031 | |
| Operating profit (loss) | 9901 | -€16,331 | -€132,238 | -€115,907 | -710% |
| Financial income | 75/76B | €0 | €44 | +€44 | +14,540% |
| Recurring financial income | 75 | €0 | €44 | +€44 | +14,540% |
| Financial charges | 65/66B | €28,713 | €24,708 | -€4,005 | -13.9% |
| Recurring financial charges | 65 | €28,713 | €24,708 | -€4,005 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€45,043 | -€156,902 | -€111,859 | -248% |
| Profit (loss) for the period | 9904 | -€45,043 | -€156,902 | -€111,859 | -248% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,043 | -€156,902 | -€111,859 | -248% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.