GURA: 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.
GURA
Largest movements
- Cash +€42,357
up €42,357 (+382%), from €11,098 to €53,455
mainly Net result for the year (+€90,665) and Other debts (+€59,064)
- Receivables within one year +€10,955
up €10,955 (+4.2%), from €261,750 to €272,705
of which Trade receivables: +€16,798
- Tangible fixed assets -€9,373
down €9,373 (-20.8%), from €45,093 to €35,721
- Other debts +€59,064
new in 2025: €59,064
- Reserves +€31,665
up €31,665 (+10.9%), from €291,412 to €323,077
- Tax, wage and social debts -€28,778
down €28,778 (-88.3%), from €32,592 to €3,814
- Debts after one year -€10,955
down €10,955 (-41.3%), from €26,528 to €15,573
- Trade debts -€7,656
down €7,656 (-78.5%), from €9,750 to €2,095
- Gross operating margin -€8,282
down €8,282 (-6.2%), from €132,950 to €124,669
- Depreciation +€3,012
up €3,012 (+37.6%), from €8,013 to €11,025
- Financial income +€2,358
up €2,358 (+30.2%), from €7,800 to €10,158
- Taxes -€2,098
down €2,098 (-6.4%), from €32,592 to €30,494
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 | €372,777 | €416,704 | +€43,927 | +11.8% |
| Fixed assets | 21/28 | €45,093 | €35,721 | -€9,373 | -20.8% |
| Tangible fixed assets | 22/27 | €45,093 | €35,721 | -€9,373 | -20.8% |
| Furniture and vehicles | 24 | €45,093 | €35,721 | -€9,373 | -20.8% |
| Current assets | 29/58 | €327,684 | €380,983 | +€53,300 | +16.3% |
| Stocks and contracts in progress | 3 | €51,790 | €51,790 | = | 0.0% |
| Stocks | 30/36 | €51,790 | €51,790 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €261,750 | €272,705 | +€10,955 | +4.2% |
| Trade receivables | 40 | €1,314 | €18,112 | +€16,798 | +1,279% |
| Other amounts receivable | 41 | €260,436 | €254,593 | -€5,843 | -2.2% |
| Cash at bank and in hand | 54/58 | €11,098 | €53,455 | +€42,357 | +382% |
| Deferred charges and accrued income | 490/1 | €3,045 | €3,033 | -€12 | -0.4% |
| Total equity and liabilities | 10/49 | €372,777 | €416,704 | +€43,927 | +11.8% |
| Equity | 10/15 | €293,412 | €325,077 | +€31,665 | +10.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €291,412 | €323,077 | +€31,665 | +10.9% |
| Distributable reserves | 133 | €291,412 | €323,077 | +€31,665 | +10.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €79,365 | €91,627 | +€12,262 | +15.4% |
| Amounts payable after more than one year | 17 | €26,528 | €15,573 | -€10,955 | -41.3% |
| Financial debts | 170/4 | €26,528 | €15,573 | -€10,955 | -41.3% |
| Amounts payable within one year | 42/48 | €52,713 | €75,928 | +€23,214 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €10,371 | €10,955 | +€584 | +5.6% |
| Trade debts | 44 | €9,750 | €2,095 | -€7,656 | -78.5% |
| Suppliers | 440/4 | €9,750 | €2,095 | -€7,656 | -78.5% |
| Taxes, remuneration and social security | 45 | €32,592 | €3,814 | -€28,778 | -88.3% |
| Taxes | 450/3 | €32,592 | €3,814 | -€28,778 | -88.3% |
| Other amounts payable | 47/48 | - | €59,064 | +€59,064 | |
| Accrued charges and deferred income | 492/3 | €124 | €127 | +€2 | +2.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,013 | €11,025 | +€3,012 | +37.6% |
| Other operating charges | 640/8 | €694 | €741 | +€47 | +6.7% |
| Gross operating margin | 9900 | €132,950 | €124,669 | -€8,282 | -6.2% |
| Operating profit (loss) | 9901 | €124,243 | €112,903 | -€11,340 | -9.1% |
| Financial income | 75/76B | €7,800 | €10,158 | +€2,358 | +30.2% |
| Recurring financial income | 75 | €7,800 | €10,158 | +€2,358 | +30.2% |
| Financial charges | 65/66B | €1,728 | €1,903 | +€174 | +10.1% |
| Recurring financial charges | 65 | €1,728 | €1,903 | +€174 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €130,315 | €121,159 | -€9,156 | -7.0% |
| Income taxes | 67/77 | €32,592 | €30,494 | -€2,098 | -6.4% |
| Profit (loss) for the period | 9904 | €97,723 | €90,665 | -€7,058 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €97,723 | €90,665 | -€7,058 | -7.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.