GUNNAR: 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.
GUNNAR
Largest movements
- Cash +€394,608
up €394,608 (+126%), from €312,761 to €707,369
mainly Net result for the year (+€288,713) and Debts after one year (+€145,850)
- Tangible fixed assets -€92,764
down €92,764 (-4.7%), from €2.0m to €1.9m
of which Land and buildings: -€64,147
- Reserves +€222,713
up €222,713 (+20.7%), from €1.1m to €1.3m
- Debts after one year +€145,850
up €145,850 (+10.9%), from €1.3m to €1.5m
- Other debts -€52,443
down €52,443 (-76.0%), from €68,980 to €16,537
- Gross operating margin +€11,111
up €11,111 (+2.2%), from €495,775 to €506,885
- Financial charges -€6,486
down €6,486 (-33.0%), from €19,647 to €13,161
- Taxes +€5,624
up €5,624 (+5.6%), from €100,382 to €106,006
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 | €2,627,458 | €2,920,386 | +€292,927 | +11.1% |
| Fixed assets | 21/28 | €1,983,569 | €1,890,804 | -€92,764 | -4.7% |
| Tangible fixed assets | 22/27 | €1,982,119 | €1,889,354 | -€92,764 | -4.7% |
| Land and buildings | 22 | €1,865,549 | €1,801,402 | -€64,147 | -3.4% |
| Plant, machinery and equipment | 23 | €3,992 | €2,770 | -€1,222 | -30.6% |
| Furniture and vehicles | 24 | €112,577 | €85,181 | -€27,396 | -24.3% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €643,890 | €1,029,581 | +€385,692 | +59.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,033 | €18,994 | -€9,040 | -32.2% |
| Other amounts receivable | 41 | €28,033 | €18,994 | -€9,040 | -32.2% |
| Cash at bank and in hand | 54/58 | €312,761 | €707,369 | +€394,608 | +126% |
| Deferred charges and accrued income | 490/1 | €3,095 | €3,219 | +€124 | +4.0% |
| Total equity and liabilities | 10/49 | €2,627,458 | €2,920,386 | +€292,927 | +11.1% |
| Equity | 10/15 | €1,093,950 | €1,316,663 | +€222,713 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,075,350 | €1,298,063 | +€222,713 | +20.7% |
| Distributable reserves | 133 | €1,075,350 | €1,298,063 | +€222,713 | +20.7% |
| Amounts payable | 17/49 | €1,533,508 | €1,603,723 | +€70,215 | +4.6% |
| Amounts payable after more than one year | 17 | €1,335,354 | €1,481,204 | +€145,850 | +10.9% |
| Financial debts | 170/4 | €1,335,354 | €1,481,204 | +€145,850 | +10.9% |
| Amounts payable within one year | 42/48 | €198,154 | €120,694 | -€77,460 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €115,887 | €90,053 | -€25,834 | -22.3% |
| Trade debts | 44 | €12,489 | €6,902 | -€5,587 | -44.7% |
| Suppliers | 440/4 | €12,489 | €6,902 | -€5,587 | -44.7% |
| Taxes, remuneration and social security | 45 | €798 | €7,203 | +€6,404 | +802% |
| Taxes | 450/3 | €798 | €7,203 | +€6,404 | +802% |
| Other amounts payable | 47/48 | €68,980 | €16,537 | -€52,443 | -76.0% |
| Accrued charges and deferred income | 492/3 | - | €1,825 | +€1,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,466 | €92,764 | +€3,299 | +3.7% |
| Other operating charges | 640/8 | €15,762 | €18,241 | +€2,479 | +15.7% |
| Gross operating margin | 9900 | €495,775 | €506,885 | +€11,111 | +2.2% |
| Operating profit (loss) | 9901 | €390,547 | €395,880 | +€5,333 | +1.4% |
| Financial income | 75/76B | €9,191 | €12,000 | +€2,809 | +30.6% |
| Recurring financial income | 75 | €9,191 | €12,000 | +€2,809 | +30.6% |
| Financial charges | 65/66B | €19,647 | €13,161 | -€6,486 | -33.0% |
| Recurring financial charges | 65 | €19,647 | €13,161 | -€6,486 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €380,091 | €394,719 | +€14,628 | +3.8% |
| Income taxes | 67/77 | €100,382 | €106,006 | +€5,624 | +5.6% |
| Profit (loss) for the period | 9904 | €279,709 | €288,713 | +€9,004 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €279,709 | €288,713 | +€9,004 | +3.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.