Guns& Wauters: what changed
Guns& Wauters
Largest movements
- Cash -€25,596
down €25,596 (-45.5%), from €56,237 to €30,641
mainly Contributions, distributions and other (-€90,000) and Tax, wage and social debts (-€10,159)
- Receivables within one year -€12,621
down €12,621 (-42.4%), from €29,797 to €17,177
of which Trade receivables: -€11,098
- Tangible fixed assets -€10,755
down €10,755 (-28.6%), from €37,589 to €26,834
of which Furniture and vehicles: -€12,005
- Current investments +€5,000
up €5,000 (+2.8%), from €180,000 to €185,000
- Reserves -€32,500
down €32,500 (-11.9%), from €272,800 to €240,300
- Tax, wage and social debts -€10,159
down €10,159 (-56.4%), from €18,000 to €7,841
- Gross operating margin -€43,693
down €43,693 (-32.4%), from €134,973 to €91,280
- Write-downs -€7,750
no longer reported in 2025 (was €7,750)
- Taxes -€2,658
down €2,658 (-10.7%), from €24,885 to €22,227
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 | €306,370 | €261,725 | -€44,646 | -14.6% |
| Fixed assets | 21/28 | €37,589 | €26,834 | -€10,755 | -28.6% |
| Tangible fixed assets | 22/27 | €37,589 | €26,834 | -€10,755 | -28.6% |
| Plant, machinery and equipment | 23 | €937 | €589 | -€348 | -37.2% |
| Furniture and vehicles | 24 | €35,631 | €23,626 | -€12,005 | -33.7% |
| Other tangible fixed assets | 26 | €1,020 | €2,618 | +€1,598 | +157% |
| Current assets | 29/58 | €268,781 | €234,891 | -€33,891 | -12.6% |
| Amounts receivable within one year | 40/41 | €29,797 | €17,177 | -€12,621 | -42.4% |
| Trade receivables | 40 | €28,170 | €17,072 | -€11,098 | -39.4% |
| Other amounts receivable | 41 | €1,628 | €105 | -€1,523 | -93.6% |
| Current investments | 50/53 | €180,000 | €185,000 | +€5,000 | +2.8% |
| Cash at bank and in hand | 54/58 | €56,237 | €30,641 | -€25,596 | -45.5% |
| Deferred charges and accrued income | 490/1 | €2,747 | €2,073 | -€674 | -24.5% |
| Total equity and liabilities | 10/49 | €306,370 | €261,725 | -€44,646 | -14.6% |
| Equity | 10/15 | €285,085 | €253,100 | -€31,985 | -11.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €272,800 | €240,300 | -€32,500 | -11.9% |
| Distributable reserves | 133 | €272,800 | €240,300 | -€32,500 | -11.9% |
| Profit (loss) carried forward | 14 | €4,285 | €4,800 | +€515 | +12.0% |
| Amounts payable | 17/49 | €21,285 | €8,624 | -€12,661 | -59.5% |
| Amounts payable within one year | 42/48 | €20,982 | €8,555 | -€12,427 | -59.2% |
| Trade debts | 44 | €2,380 | €714 | -€1,665 | -70.0% |
| Suppliers | 440/4 | €2,380 | €714 | -€1,665 | -70.0% |
| Taxes, remuneration and social security | 45 | €18,000 | €7,841 | -€10,159 | -56.4% |
| Taxes | 450/3 | €18,000 | €7,841 | -€10,159 | -56.4% |
| Other amounts payable | 47/48 | €603 | - | -€603 | |
| Accrued charges and deferred income | 492/3 | €303 | €69 | -€234 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,402 | €15,197 | -€205 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,750 | - | -€7,750 | |
| Other operating charges | 640/8 | €626 | €807 | +€180 | +28.8% |
| Gross operating margin | 9900 | €134,973 | €91,280 | -€43,693 | -32.4% |
| Operating profit (loss) | 9901 | €111,194 | €75,277 | -€35,918 | -32.3% |
| Financial income | 75/76B | €4,528 | €5,038 | +€510 | +11.3% |
| Recurring financial income | 75 | €4,528 | €5,038 | +€510 | +11.3% |
| Financial charges | 65/66B | €87 | €72 | -€15 | -17.4% |
| Recurring financial charges | 65 | €87 | €72 | -€15 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €115,636 | €80,243 | -€35,393 | -30.6% |
| Income taxes | 67/77 | €24,885 | €22,227 | -€2,658 | -10.7% |
| Profit (loss) for the period | 9904 | €90,750 | €58,015 | -€32,735 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,750 | €58,015 | -€32,735 | -36.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.