GUNISA: 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.
GUNISA
Largest movements
- Cash +€101,652
up €101,652 (+83.3%), from €121,984 to €223,636
mainly Net result for the year (+€183,844) and Depreciation (+€41,361)
- Receivables within one year +€34,253
up €34,253 (+120%), from €28,478 to €62,731
of which Trade receivables: +€29,804
- Tangible fixed assets +€28,055
up €28,055 (+7.6%), from €370,005 to €398,060
of which Assets under construction and advance payments: +€45,000
- Reserves +€183,844
up €183,844 (+27.3%), from €673,889 to €857,733
- Gross operating margin +€37,559
up €37,559 (+14.0%), from €268,576 to €306,135
- Taxes +€16,557
up €16,557 (+23.0%), from €72,134 to €88,691
- Financial income +€11,958
up €11,958 (+285%), from €4,201 to €16,159
- Depreciation +€4,854
up €4,854 (+13.3%), from €36,507 to €41,361
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 | €897,457 | €1,067,787 | +€170,331 | +19.0% |
| Fixed assets | 21/28 | €378,262 | €405,484 | +€27,221 | +7.2% |
| Intangible fixed assets | 21 | €1,765 | €931 | -€833 | -47.2% |
| Tangible fixed assets | 22/27 | €370,005 | €398,060 | +€28,055 | +7.6% |
| Plant, machinery and equipment | 23 | €18,272 | €16,889 | -€1,384 | -7.6% |
| Furniture and vehicles | 24 | €44,080 | €49,329 | +€5,249 | +11.9% |
| Other tangible fixed assets | 26 | €307,653 | €286,842 | -€20,811 | -6.8% |
| Assets under construction and advance payments | 27 | - | €45,000 | +€45,000 | |
| Financial fixed assets | 28 | €6,493 | €6,493 | = | 0.0% |
| Current assets | 29/58 | €519,194 | €662,304 | +€143,110 | +27.6% |
| Stocks and contracts in progress | 3 | €81,813 | €90,274 | +€8,461 | +10.3% |
| Stocks | 30/36 | €81,813 | €90,274 | +€8,461 | +10.3% |
| Amounts receivable within one year | 40/41 | €28,478 | €62,731 | +€34,253 | +120% |
| Trade receivables | 40 | €27,397 | €57,202 | +€29,804 | +109% |
| Other amounts receivable | 41 | €1,081 | €5,530 | +€4,449 | +412% |
| Current investments | 50/53 | €281,500 | €281,000 | -€500 | -0.2% |
| Cash at bank and in hand | 54/58 | €121,984 | €223,636 | +€101,652 | +83.3% |
| Deferred charges and accrued income | 490/1 | €5,420 | €4,663 | -€757 | -14.0% |
| Total equity and liabilities | 10/49 | €897,457 | €1,067,787 | +€170,331 | +19.0% |
| Equity | 10/15 | €687,994 | €871,838 | +€183,844 | +26.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €673,889 | €857,733 | +€183,844 | +27.3% |
| Distributable reserves | 133 | €673,889 | €857,733 | +€183,844 | +27.3% |
| Profit (loss) carried forward | 14 | €7,905 | €7,905 | = | 0.0% |
| Amounts payable | 17/49 | €209,463 | €195,949 | -€13,514 | -6.5% |
| Amounts payable after more than one year | 17 | €116,171 | €105,498 | -€10,673 | -9.2% |
| Financial debts | 170/4 | €116,171 | €105,498 | -€10,673 | -9.2% |
| Amounts payable within one year | 42/48 | €93,292 | €90,452 | -€2,840 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €10,518 | €10,673 | +€156 | +1.5% |
| Trade debts | 44 | €32,969 | €23,754 | -€9,215 | -28.0% |
| Suppliers | 440/4 | €32,969 | €23,754 | -€9,215 | -28.0% |
| Taxes, remuneration and social security | 45 | €39,647 | €48,093 | +€8,445 | +21.3% |
| Taxes | 450/3 | €39,491 | €48,018 | +€8,527 | +21.6% |
| Remuneration and social security | 454/9 | €157 | €75 | -€82 | -52.1% |
| Other amounts payable | 47/48 | €10,158 | €7,932 | -€2,227 | -21.9% |
| Remuneration, social security and pensions | 62 | €1,888 | €2,484 | +€596 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,507 | €41,361 | +€4,854 | +13.3% |
| Other operating charges | 640/8 | €3,463 | €3,586 | +€124 | +3.6% |
| Gross operating margin | 9900 | €268,576 | €306,135 | +€37,559 | +14.0% |
| Operating profit (loss) | 9901 | €226,718 | €258,704 | +€31,986 | +14.1% |
| Financial income | 75/76B | €4,201 | €16,159 | +€11,958 | +285% |
| Recurring financial income | 75 | €4,201 | €16,159 | +€11,958 | +285% |
| Financial charges | 65/66B | -€487 | €2,328 | +€2,815 | |
| Recurring financial charges | 65 | -€487 | €2,328 | +€2,815 | |
| Profit (loss) for the period before taxes | 9903 | €231,406 | €272,536 | +€41,129 | +17.8% |
| Income taxes | 67/77 | €72,134 | €88,691 | +€16,557 | +23.0% |
| Profit (loss) for the period | 9904 | €159,272 | €183,844 | +€24,573 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €159,272 | €183,844 | +€24,573 | +15.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.