GURAYA: 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.
GURAYA
Largest movements
- Tangible fixed assets +€8,478
up €8,478 (+202%), from €4,189 to €12,667
- Cash -€3,754
down €3,754 (-46.6%), from €8,054 to €4,300
mainly Investment in fixed assets (net) (-€9,644) and Other debts (-€4,897)
- Receivables within one year +€2,128
up €2,128 (+109%), from €1,944 to €4,072
of which Other amounts receivable: +€1,788
- Deferred charges and accrued income +€1,000
new in 2025: €1,000
- Tax, wage and social debts +€5,095
up €5,095 (+12.0%), from €42,412 to €47,507
of which Taxes: +€47,415
- Debts after one year +€5,062
new in 2025: €5,062
- Other debts -€4,897
down €4,897 (-93.7%), from €5,226 to €329
- Current portion of long-term debt +€2,895
new in 2025: €2,895
- Gross operating margin -€2,419
down €2,419 (-41.8%), from €5,793 to €3,374
- Other operating charges -€1,404
down €1,404 (-58.7%), from €2,392 to €988
- Financial charges -€803
down €803 (-40.0%), from €2,009 to €1,206
- Depreciation +€488
up €488 (+71.9%), from €678 to €1,166
- Staff costs -€186
no longer reported in 2025 (was €186)
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 | €34,963 | €43,155 | +€8,191 | +23.4% |
| Fixed assets | 21/28 | €6,332 | €14,810 | +€8,478 | +134% |
| Tangible fixed assets | 22/27 | €4,189 | €12,667 | +€8,478 | +202% |
| Plant, machinery and equipment | 23 | €4,189 | €12,667 | +€8,478 | +202% |
| Financial fixed assets | 28 | €2,143 | €2,143 | = | 0.0% |
| Current assets | 29/58 | €28,631 | €28,344 | -€287 | -1.0% |
| Stocks and contracts in progress | 3 | €18,633 | €18,973 | +€339 | +1.8% |
| Stocks | 30/36 | €18,633 | €18,973 | +€339 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,944 | €4,072 | +€2,128 | +109% |
| Trade receivables | 40 | €1,095 | €1,435 | +€340 | +31.1% |
| Other amounts receivable | 41 | €849 | €2,637 | +€1,788 | +211% |
| Cash at bank and in hand | 54/58 | €8,054 | €4,300 | -€3,754 | -46.6% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €34,963 | €43,155 | +€8,191 | +23.4% |
| Equity | 10/15 | -€12,837 | -€12,823 | +€14 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,290 | €2,290 | = | 0.0% |
| Distributable reserves | 133 | €2,290 | €2,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,719 | -€33,705 | +€14 | 0.0% |
| Amounts payable | 17/49 | €47,800 | €55,977 | +€8,177 | +17.1% |
| Amounts payable after more than one year | 17 | - | €5,062 | +€5,062 | |
| Financial debts | 170/4 | - | €5,062 | +€5,062 | |
| Amounts payable within one year | 42/48 | €47,800 | €50,915 | +€3,115 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,895 | +€2,895 | |
| Trade debts | 44 | €162 | €184 | +€22 | +13.5% |
| Suppliers | 440/4 | €162 | €184 | +€22 | +13.5% |
| Taxes, remuneration and social security | 45 | €42,412 | €47,507 | +€5,095 | +12.0% |
| Taxes | 450/3 | €92 | €47,507 | +€47,415 | +51,538% |
| Remuneration and social security | 454/9 | €42,320 | - | -€42,320 | |
| Other amounts payable | 47/48 | €5,226 | €329 | -€4,897 | -93.7% |
| Non-recurring operating income | 76A | €4,200 | - | -€4,200 | |
| Remuneration, social security and pensions | 62 | €186 | - | -€186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €1,166 | +€488 | +71.9% |
| Other operating charges | 640/8 | €2,392 | €988 | -€1,404 | -58.7% |
| Gross operating margin | 9900 | €5,793 | €3,374 | -€2,419 | -41.8% |
| Operating profit (loss) | 9901 | €2,537 | €1,220 | -€1,317 | -51.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €2,009 | €1,206 | -€803 | -40.0% |
| Recurring financial charges | 65 | €2,009 | €1,206 | -€803 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €533 | €14 | -€519 | -97.4% |
| Profit (loss) for the period | 9904 | €533 | €14 | -€519 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €533 | €14 | -€519 | -97.4% |
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 22 October 2026 via checked.be.