GUNTHER KINT: 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.
GUNTHER KINT
Largest movements
- Cash +€176,619
up €176,619 (+779%), from €22,679 to €199,298
mainly Current investments (+€90,000) and Net result for the year (+€68,901)
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Tangible fixed assets -€14,223
down €14,223 (-85.5%), from €16,633 to €2,410
- Receivables within one year -€4,163
down €4,163 (-23.5%), from €17,684 to €13,521
- Reserves +€68,901
up €68,901 (+62.2%), from €110,830 to €179,731
- Trade debts -€3,397
down €3,397 (-87.6%), from €3,878 to €481
- Tax, wage and social debts +€2,962
up €2,962 (+10.7%), from €27,698 to €30,660
- Depreciation -€6,765
down €6,765 (-31.7%), from €21,346 to €14,581
- Gross operating margin +€5,476
up €5,476 (+5.6%), from €97,563 to €103,038
- Taxes +€2,780
up €2,780 (+15.6%), from €17,856 to €20,636
- Staff costs -€2,736
no longer reported in 2025 (was €2,736)
- Financial income +€2,271
up €2,271 (+22,709,200%), from €0 to €2,271
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 | €149,463 | €218,043 | +€68,580 | +45.9% |
| Fixed assets | 21/28 | €16,633 | €2,410 | -€14,223 | -85.5% |
| Tangible fixed assets | 22/27 | €16,633 | €2,410 | -€14,223 | -85.5% |
| Furniture and vehicles | 24 | €16,633 | €2,410 | -€14,223 | -85.5% |
| Current assets | 29/58 | €132,830 | €215,634 | +€82,803 | +62.3% |
| Amounts receivable within one year | 40/41 | €17,684 | €13,521 | -€4,163 | -23.5% |
| Trade receivables | 40 | €17,684 | €13,521 | -€4,163 | -23.5% |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €22,679 | €199,298 | +€176,619 | +779% |
| Deferred charges and accrued income | 490/1 | €2,468 | €2,815 | +€347 | +14.1% |
| Total equity and liabilities | 10/49 | €149,463 | €218,043 | +€68,580 | +45.9% |
| Equity | 10/15 | €113,830 | €182,731 | +€68,901 | +60.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,830 | €179,731 | +€68,901 | +62.2% |
| Distributable reserves | 133 | €110,830 | €179,731 | +€68,901 | +62.2% |
| Amounts payable | 17/49 | €35,634 | €35,313 | -€321 | -0.9% |
| Amounts payable within one year | 42/48 | €35,634 | €35,229 | -€404 | -1.1% |
| Trade debts | 44 | €3,878 | €481 | -€3,397 | -87.6% |
| Suppliers | 440/4 | €3,878 | €481 | -€3,397 | -87.6% |
| Taxes, remuneration and social security | 45 | €27,698 | €30,660 | +€2,962 | +10.7% |
| Taxes | 450/3 | €27,698 | €30,660 | +€2,962 | +10.7% |
| Other amounts payable | 47/48 | €4,058 | €4,088 | +€30 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €2,736 | - | -€2,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,346 | €14,581 | -€6,765 | -31.7% |
| Other operating charges | 640/8 | €1,197 | €1,136 | -€61 | -5.1% |
| Gross operating margin | 9900 | €97,563 | €103,038 | +€5,476 | +5.6% |
| Operating profit (loss) | 9901 | €72,283 | €87,321 | +€15,038 | +20.8% |
| Financial income | 75/76B | €0 | €2,271 | +€2,271 | +22,709,200% |
| Recurring financial income | 75 | €0 | €2,271 | +€2,271 | +22,709,200% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €72,229 | €89,537 | +€17,308 | +24.0% |
| Income taxes | 67/77 | €17,856 | €20,636 | +€2,780 | +15.6% |
| Profit (loss) for the period | 9904 | €54,373 | €68,901 | +€14,528 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,373 | €68,901 | +€14,528 | +26.7% |
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 25 October 2026 via checked.be.