GUR MOUSCRON: 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.
GUR MOUSCRON
Largest movements
- Receivables within one year -€227,573
down €227,573 (-52.8%), from €431,012 to €203,439
of which Trade receivables: -€225,057
- Cash +€39,088
up €39,088 (+29.0%), from €134,915 to €174,004
mainly Receivables within one year (+€227,573) and Other debts (+€179,190)
- Tangible fixed assets -€28,981
down €28,981 (-8.5%), from €339,660 to €310,679
of which Plant, machinery and equipment: -€14,899
- Trade debts -€424,535
down €424,535 (-87.2%), from €486,987 to €62,452
- Other debts +€179,190
up €179,190 (+46.3%), from €387,153 to €566,343
- Tax, wage and social debts +€16,244
up €16,244 (+31.0%), from €52,342 to €68,586
of which Remuneration and social security: +€16,527
- Gross operating margin +€23,979
up €23,979 (+3.1%), from €775,649 to €799,628
- Taxes +€12,646
up €12,646 (+230%), from €5,498 to €18,144
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 | €999,266 | €778,771 | -€220,495 | -22.1% |
| Fixed assets | 21/28 | €351,212 | €329,817 | -€21,395 | -6.1% |
| Intangible fixed assets | 21 | - | €7,586 | +€7,586 | |
| Tangible fixed assets | 22/27 | €339,660 | €310,679 | -€28,981 | -8.5% |
| Plant, machinery and equipment | 23 | €278,017 | €263,119 | -€14,899 | -5.4% |
| Furniture and vehicles | 24 | €61,642 | €47,560 | -€14,082 | -22.8% |
| Financial fixed assets | 28 | €11,552 | €11,552 | = | 0.0% |
| Current assets | 29/58 | €648,054 | €448,954 | -€199,100 | -30.7% |
| Stocks and contracts in progress | 3 | €36,757 | €32,036 | -€4,721 | -12.8% |
| Stocks | 30/36 | €36,757 | €32,036 | -€4,721 | -12.8% |
| Amounts receivable within one year | 40/41 | €431,012 | €203,439 | -€227,573 | -52.8% |
| Trade receivables | 40 | €374,658 | €149,601 | -€225,057 | -60.1% |
| Other amounts receivable | 41 | €56,354 | €53,838 | -€2,516 | -4.5% |
| Cash at bank and in hand | 54/58 | €134,915 | €174,004 | +€39,088 | +29.0% |
| Deferred charges and accrued income | 490/1 | €45,370 | €39,475 | -€5,895 | -13.0% |
| Total equity and liabilities | 10/49 | €999,266 | €778,771 | -€220,495 | -22.1% |
| Equity | 10/15 | €72,784 | €81,390 | +€8,606 | +11.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,784 | €74,390 | +€8,606 | +13.1% |
| Amounts payable | 17/49 | €926,482 | €697,381 | -€229,101 | -24.7% |
| Amounts payable within one year | 42/48 | €926,482 | €697,381 | -€229,101 | -24.7% |
| Trade debts | 44 | €486,987 | €62,452 | -€424,535 | -87.2% |
| Suppliers | 440/4 | €486,987 | €62,452 | -€424,535 | -87.2% |
| Taxes, remuneration and social security | 45 | €52,342 | €68,586 | +€16,244 | +31.0% |
| Taxes | 450/3 | €12,498 | €12,215 | -€283 | -2.3% |
| Remuneration and social security | 454/9 | €39,844 | €56,371 | +€16,527 | +41.5% |
| Other amounts payable | 47/48 | €387,153 | €566,343 | +€179,190 | +46.3% |
| Non-recurring operating income | 76A | €37,846 | - | -€37,846 | |
| Remuneration, social security and pensions | 62 | €692,268 | €693,639 | +€1,372 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,014 | €41,545 | +€4,532 | +12.2% |
| Other operating charges | 640/8 | €8,238 | €6,294 | -€1,944 | -23.6% |
| Gross operating margin | 9900 | €775,649 | €799,628 | +€23,979 | +3.1% |
| Operating profit (loss) | 9901 | €38,130 | €58,150 | +€20,020 | +52.5% |
| Financial income | 75/76B | €373 | €409 | +€36 | +9.5% |
| Recurring financial income | 75 | €373 | €409 | +€36 | +9.5% |
| Financial charges | 65/66B | €32,807 | €31,808 | -€999 | -3.0% |
| Recurring financial charges | 65 | €32,807 | €31,808 | -€999 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €5,696 | €26,751 | +€21,055 | +370% |
| Income taxes | 67/77 | €5,498 | €18,144 | +€12,646 | +230% |
| Profit (loss) for the period | 9904 | €198 | €8,606 | +€8,409 | +4,256% |
| Profit (loss) for the period to be appropriated | 9905 | €198 | €8,606 | +€8,409 | +4,256% |
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.