GUNS: 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.
GUNS
Largest movements
- Cash +€19,664
up €19,664 (+6.9%), from €283,600 to €303,265
mainly Receivables within one year (+€17,900) and Net result for the year (+€3,254)
- Receivables within one year -€17,900
down €17,900 (-98.6%), from €18,147 to €247
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€127,585
down €127,585, from €126,577 to -€1,008
- Financial income -€44,669
down €44,669 (-98.4%), from €45,388 to €719
of which Financial income: -€40,963
- Taxes -€43,696
down €43,696, from €39,674 to -€4,022
- Financial charges -€14,987
down €14,987 (-98.2%), from €15,256 to €269
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 | €756,360 | €758,125 | +€1,764 | +0.2% |
| Fixed assets | 21/28 | €454,613 | €454,613 | = | 0.0% |
| Financial fixed assets | 28 | €454,613 | €454,613 | = | 0.0% |
| Current assets | 29/58 | €301,748 | €303,512 | +€1,764 | +0.6% |
| Amounts receivable within one year | 40/41 | €18,147 | €247 | -€17,900 | -98.6% |
| Other amounts receivable | 41 | €18,147 | €247 | -€17,900 | -98.6% |
| Cash at bank and in hand | 54/58 | €283,600 | €303,265 | +€19,664 | +6.9% |
| Total equity and liabilities | 10/49 | €756,360 | €758,125 | +€1,764 | +0.2% |
| Equity | 10/15 | €747,387 | €750,641 | +€3,254 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €734,987 | €738,241 | +€3,254 | +0.4% |
| Distributable reserves | 133 | €734,987 | €738,241 | +€3,254 | +0.4% |
| Amounts payable | 17/49 | €8,973 | €7,483 | -€1,490 | -16.6% |
| Amounts payable within one year | 42/48 | €8,973 | €7,483 | -€1,490 | -16.6% |
| Taxes, remuneration and social security | 45 | €8,973 | €4,736 | -€4,237 | -47.2% |
| Taxes | 450/3 | €8,973 | €4,736 | -€4,237 | -47.2% |
| Other amounts payable | 47/48 | - | €2,747 | +€2,747 | |
| Other operating charges | 640/8 | €1,412 | €209 | -€1,203 | -85.2% |
| Non-recurring operating charges | 66A | €511 | - | -€511 | |
| Gross operating margin | 9900 | €126,577 | -€1,008 | -€127,585 | |
| Operating profit (loss) | 9901 | €124,654 | -€1,217 | -€125,871 | |
| Financial income | 75/76B | €45,388 | €719 | -€44,669 | -98.4% |
| Recurring financial income | 75 | €41,681 | €719 | -€40,963 | -98.3% |
| Non-recurring financial income | 76B | €3,707 | - | -€3,707 | |
| Financial charges | 65/66B | €15,256 | €269 | -€14,987 | -98.2% |
| Recurring financial charges | 65 | €15,256 | €269 | -€14,987 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €154,786 | -€767 | -€155,554 | |
| Income taxes | 67/77 | €39,674 | -€4,022 | -€43,696 | |
| Profit (loss) for the period | 9904 | €115,112 | €3,254 | -€111,858 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,112 | €3,254 | -€111,858 | -97.2% |
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 9 October 2026 via checked.be.