GURA: what changed
GURA
Largest movements
- Tangible fixed assets -€21,061
down €21,061 (-46.7%), from €45,079 to €24,018
of which Other tangible fixed assets: -€16,947
- Receivables within one year +€12,060
up €12,060 (+243%), from €4,956 to €17,015
- Cash +€5,780
up €5,780 (+336%), from €1,722 to €7,502
mainly Depreciation (+€21,061) and Net result for the year (+€11,606)
- Deferred charges and accrued income -€1,350
down €1,350 (-46.6%), from €2,894 to €1,545
- Profit (loss) carried forward +€11,606
up €11,606 (+9.3%), from -€125,183 to -€113,577
- Trade debts -€8,260
down €8,260 (-17.6%), from €47,040 to €38,780
- Other debts -€6,252
down €6,252 (-5.5%), from €113,009 to €106,757
- Tax, wage and social debts -€1,665
down €1,665 (-29.5%), from €5,634 to €3,970
- Gross operating margin -€4,856
down €4,856 (-11.0%), from €43,972 to €39,116
- Financial charges +€1,922
up €1,922 (+60.4%), from €3,184 to €5,106
- Staff costs -€1,131
down €1,131 (-59.0%), from €1,916 to €785
- Financial income +€567
up €567 (+143%), from €396 to €963
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 | €59,101 | €54,530 | -€4,571 | -7.7% |
| Fixed assets | 21/28 | €49,529 | €28,468 | -€21,061 | -42.5% |
| Tangible fixed assets | 22/27 | €45,079 | €24,018 | -€21,061 | -46.7% |
| Plant, machinery and equipment | 23 | €9,734 | €5,834 | -€3,899 | -40.1% |
| Furniture and vehicles | 24 | €538 | €323 | -€215 | -39.9% |
| Other tangible fixed assets | 26 | €34,808 | €17,861 | -€16,947 | -48.7% |
| Financial fixed assets | 28 | €4,450 | €4,450 | = | 0.0% |
| Current assets | 29/58 | €9,572 | €26,062 | +€16,490 | +172% |
| Amounts receivable within one year | 40/41 | €4,956 | €17,015 | +€12,060 | +243% |
| Trade receivables | 40 | €4,956 | €17,015 | +€12,060 | +243% |
| Cash at bank and in hand | 54/58 | €1,722 | €7,502 | +€5,780 | +336% |
| Deferred charges and accrued income | 490/1 | €2,894 | €1,545 | -€1,350 | -46.6% |
| Total equity and liabilities | 10/49 | €59,101 | €54,530 | -€4,571 | -7.7% |
| Equity | 10/15 | -€106,583 | -€94,977 | +€11,606 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,183 | -€113,577 | +€11,606 | +9.3% |
| Amounts payable | 17/49 | €165,684 | €149,507 | -€16,177 | -9.8% |
| Amounts payable within one year | 42/48 | €165,684 | €149,507 | -€16,177 | -9.8% |
| Trade debts | 44 | €47,040 | €38,780 | -€8,260 | -17.6% |
| Suppliers | 440/4 | €47,040 | €38,780 | -€8,260 | -17.6% |
| Taxes, remuneration and social security | 45 | €5,634 | €3,970 | -€1,665 | -29.5% |
| Taxes | 450/3 | €5,634 | €3,970 | -€1,665 | -29.5% |
| Other amounts payable | 47/48 | €113,009 | €106,757 | -€6,252 | -5.5% |
| Remuneration, social security and pensions | 62 | €1,916 | €785 | -€1,131 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,924 | €21,061 | +€137 | +0.7% |
| Other operating charges | 640/8 | €1,581 | €1,312 | -€269 | -17.0% |
| Gross operating margin | 9900 | €43,972 | €39,116 | -€4,856 | -11.0% |
| Operating profit (loss) | 9901 | €19,551 | €15,958 | -€3,592 | -18.4% |
| Financial income | 75/76B | €396 | €963 | +€567 | +143% |
| Recurring financial income | 75 | €396 | €963 | +€567 | +143% |
| Financial charges | 65/66B | €3,184 | €5,106 | +€1,922 | +60.4% |
| Recurring financial charges | 65 | €3,184 | €5,106 | +€1,922 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €16,762 | €11,815 | -€4,947 | -29.5% |
| Income taxes | 67/77 | €74 | €209 | +€135 | +182% |
| Profit (loss) for the period | 9904 | €16,688 | €11,606 | -€5,082 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,688 | €11,606 | -€5,082 | -30.5% |
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 6 November 2026 via checked.be.