GUNS FOR HIRE: what changed
GUNS FOR HIRE
Largest movements
- Receivables within one year -€54,810
down €54,810 (-42.7%), from €128,218 to €73,408
of which Other amounts receivable: -€38,446
- Tangible fixed assets +€32,430
up €32,430 (+356%), from €9,097 to €41,527
of which Other tangible fixed assets: +€30,813
- Cash -€20,039
down €20,039 (-7.6%), from €262,008 to €241,969
mainly Tax, wage and social debts (-€48,072) and Other debts (-€39,844)
- Reserves +€48,750
up €48,750 (+28.2%), from €173,103 to €221,853
of which Distributable reserves: +€48,750
- Tax, wage and social debts -€48,072
down €48,072 (-35.5%), from €135,596 to €87,524
of which Taxes: -€42,525
- Other debts -€39,844
down €39,844 (-100%), from €39,844 to €0
- Gross operating margin -€85,485
down €85,485 (-52.0%), from €164,410 to €78,925
- Taxes -€29,486
down €29,486 (-57.2%), from €51,509 to €22,023
- Depreciation +€2,994
up €2,994 (+90.2%), from €3,319 to €6,313
- Financial income -€2,479
down €2,479 (-53.4%), from €4,641 to €2,162
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,600 | €363,973 | -€42,626 | -10.5% |
| Fixed assets | 21/28 | €9,297 | €41,727 | +€32,430 | +349% |
| Tangible fixed assets | 22/27 | €9,097 | €41,527 | +€32,430 | +356% |
| Furniture and vehicles | 24 | €9,097 | €10,714 | +€1,617 | +17.8% |
| Other tangible fixed assets | 26 | - | €30,813 | +€30,813 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €397,302 | €322,246 | -€75,056 | -18.9% |
| Amounts receivable within one year | 40/41 | €128,218 | €73,408 | -€54,810 | -42.7% |
| Trade receivables | 40 | €77,441 | €61,076 | -€16,364 | -21.1% |
| Other amounts receivable | 41 | €50,777 | €12,331 | -€38,446 | -75.7% |
| Cash at bank and in hand | 54/58 | €262,008 | €241,969 | -€20,039 | -7.6% |
| Deferred charges and accrued income | 490/1 | €7,076 | €6,869 | -€208 | -2.9% |
| Total equity and liabilities | 10/49 | €406,600 | €363,973 | -€42,626 | -10.5% |
| Equity | 10/15 | €179,353 | €228,103 | +€48,750 | +27.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €173,103 | €221,853 | +€48,750 | +28.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €171,248 | €219,998 | +€48,750 | +28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €227,247 | €135,871 | -€91,376 | -40.2% |
| Amounts payable within one year | 42/48 | €214,064 | €122,640 | -€91,424 | -42.7% |
| Financial debts | 43 | €217 | €772 | +€555 | +256% |
| Other loans | 439 | €217 | €772 | +€555 | +256% |
| Trade debts | 44 | €38,407 | €34,344 | -€4,063 | -10.6% |
| Suppliers | 440/4 | €38,407 | €34,344 | -€4,063 | -10.6% |
| Taxes, remuneration and social security | 45 | €135,596 | €87,524 | -€48,072 | -35.5% |
| Taxes | 450/3 | €127,207 | €84,682 | -€42,525 | -33.4% |
| Remuneration and social security | 454/9 | €8,389 | €2,843 | -€5,547 | -66.1% |
| Other amounts payable | 47/48 | €39,844 | €0 | -€39,844 | -100% |
| Accrued charges and deferred income | 492/3 | €13,183 | €13,231 | +€47 | +0.4% |
| Non-recurring operating income | 76A | €22,719 | €0 | -€22,719 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €6,313 | +€2,994 | +90.2% |
| Other operating charges | 640/8 | €1,654 | €901 | -€753 | -45.5% |
| Non-recurring operating charges | 66A | €482 | €0 | -€482 | -100% |
| Gross operating margin | 9900 | €164,410 | €78,925 | -€85,485 | -52.0% |
| Operating profit (loss) | 9901 | €158,956 | €71,712 | -€87,243 | -54.9% |
| Financial income | 75/76B | €4,641 | €2,162 | -€2,479 | -53.4% |
| Recurring financial income | 75 | €4,641 | €2,162 | -€2,479 | -53.4% |
| Financial charges | 65/66B | €3,680 | €3,102 | -€578 | -15.7% |
| Recurring financial charges | 65 | €3,680 | €3,102 | -€578 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €159,916 | €70,772 | -€89,144 | -55.7% |
| Income taxes | 67/77 | €51,509 | €22,023 | -€29,486 | -57.2% |
| Profit (loss) for the period | 9904 | €108,407 | €48,750 | -€59,657 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,407 | €48,750 | -€59,657 | -55.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.