GURBANY: 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.
GURBANY
Largest movements
- Tangible fixed assets -€7,924
down €7,924 (-73.8%), from €10,736 to €2,812
of which Furniture and vehicles: -€7,166
- Stocks and contracts +€5,440
up €5,440 (+30.0%), from €18,150 to €23,590
- Cash -€4,938
down €4,938 (-30.7%), from €16,058 to €11,120
mainly Other debts (-€21,305) and Stocks and contracts (-€5,440)
- Receivables within one year -€2,865
down €2,865 (-76.5%), from €3,745 to €880
- Other debts -€21,305
down €21,305 (-85.2%), from €24,993 to €3,688
- Profit (loss) carried forward +€5,985
up €5,985 (+21.0%), from -€28,442 to -€22,458
- Trade debts +€4,907
up €4,907 (+23.8%), from €20,578 to €25,485
- Short-term financial debts +€3,100
up €3,100 (+150%), from €2,064 to €5,164
- Tax, wage and social debts -€2,974
down €2,974 (-21.8%), from €13,635 to €10,661
of which Taxes: -€2,875
- Staff costs -€9,292
down €9,292 (-33.5%), from €27,772 to €18,480
- Gross operating margin -€8,812
down €8,812 (-22.9%), from €38,531 to €29,718
- Depreciation -€3,892
down €3,892 (-83.7%), from €4,650 to €758
- Financial charges -€1,974
down €1,974 (-73.3%), from €2,691 to €718
of which Financial charges: -€2,173
- Taxes -€391
down €391 (-12.8%), from €3,044 to €2,654
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 | €51,428 | €41,140 | -€10,287 | -20.0% |
| Fixed assets | 21/28 | €13,475 | €5,550 | -€7,924 | -58.8% |
| Tangible fixed assets | 22/27 | €10,736 | €2,812 | -€7,924 | -73.8% |
| Land and buildings | 22 | €3,198 | €2,812 | -€386 | -12.1% |
| Plant, machinery and equipment | 23 | €372 | - | -€372 | |
| Furniture and vehicles | 24 | €7,166 | - | -€7,166 | |
| Financial fixed assets | 28 | €2,738 | €2,738 | = | 0.0% |
| Current assets | 29/58 | €37,953 | €35,590 | -€2,363 | -6.2% |
| Stocks and contracts in progress | 3 | €18,150 | €23,590 | +€5,440 | +30.0% |
| Stocks | 30/36 | €18,150 | €23,590 | +€5,440 | +30.0% |
| Amounts receivable within one year | 40/41 | €3,745 | €880 | -€2,865 | -76.5% |
| Other amounts receivable | 41 | €3,745 | €880 | -€2,865 | -76.5% |
| Cash at bank and in hand | 54/58 | €16,058 | €11,120 | -€4,938 | -30.7% |
| Total equity and liabilities | 10/49 | €51,428 | €41,140 | -€10,287 | -20.0% |
| Equity | 10/15 | -€9,842 | -€3,858 | +€5,985 | +60.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,442 | -€22,458 | +€5,985 | +21.0% |
| Amounts payable | 17/49 | €61,270 | €44,998 | -€16,272 | -26.6% |
| Amounts payable within one year | 42/48 | €61,270 | €44,998 | -€16,272 | -26.6% |
| Financial debts | 43 | €2,064 | €5,164 | +€3,100 | +150% |
| Credit institutions | 430/8 | €2,064 | €5,164 | +€3,100 | +150% |
| Trade debts | 44 | €20,578 | €25,485 | +€4,907 | +23.8% |
| Suppliers | 440/4 | €20,578 | €25,485 | +€4,907 | +23.8% |
| Taxes, remuneration and social security | 45 | €13,635 | €10,661 | -€2,974 | -21.8% |
| Taxes | 450/3 | €6,958 | €4,083 | -€2,875 | -41.3% |
| Remuneration and social security | 454/9 | €6,677 | €6,578 | -€99 | -1.5% |
| Other amounts payable | 47/48 | €24,993 | €3,688 | -€21,305 | -85.2% |
| Non-recurring operating income | 76A | - | €3,694 | +€3,694 | |
| Remuneration, social security and pensions | 62 | €27,772 | €18,480 | -€9,292 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,650 | €758 | -€3,892 | -83.7% |
| Other operating charges | 640/8 | €717 | €663 | -€54 | -7.5% |
| Non-recurring operating charges | 66A | €2,290 | €529 | -€1,762 | -76.9% |
| Gross operating margin | 9900 | €38,531 | €29,718 | -€8,812 | -22.9% |
| Operating profit (loss) | 9901 | €3,101 | €9,288 | +€6,187 | +200% |
| Financial income | 75/76B | €1 | €68 | +€67 | +6,101% |
| Recurring financial income | 75 | €1 | €68 | +€67 | +6,101% |
| Financial charges | 65/66B | €2,691 | €718 | -€1,974 | -73.3% |
| Recurring financial charges | 65 | €2,670 | €497 | -€2,173 | -81.4% |
| Non-recurring financial charges | 66B | €21 | €221 | +€200 | +950% |
| Profit (loss) for the period before taxes | 9903 | €410 | €8,639 | +€8,228 | +2,005% |
| Income taxes | 67/77 | €3,044 | €2,654 | -€391 | -12.8% |
| Profit (loss) for the period | 9904 | -€2,634 | €5,985 | +€8,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,634 | €5,985 | +€8,619 |
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 16 October 2026 via checked.be.