GUREL: 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.
GUREL
Largest movements
- Receivables within one year -€14,800
down €14,800 (-35.2%), from €41,988 to €27,188
of which Trade receivables: -€8,125
- Cash +€13,115
up €13,115 (+9,507%), from €138 to €13,253
mainly Receivables within one year (+€14,800) and Trade debts (+€5,690)
- Tangible fixed assets -€3,369
down €3,369 (-42.9%), from €7,844 to €4,475
of which Plant, machinery and equipment: -€1,869
- Accrued charges and deferred income -€10,585
no longer reported in 2023 (was €10,585)
- Trade debts +€5,690
up €5,690 (+10.6%), from €53,668 to €59,358
- Gross operating margin -€6,780
down €6,780 (-43.9%), from €15,434 to €8,653
- Depreciation -€764
down €764 (-18.5%), from €4,133 to €3,369
- Financial charges +€731
up €731 (+29.6%), from €2,470 to €3,202
- Taxes -€482
down €482 (-26.0%), from €1,856 to €1,374
- Other operating charges -€334
down €334 (-34.0%), from €983 to €649
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,486 | €125,492 | -€5,995 | -4.6% |
| Fixed assets | 21/28 | €11,844 | €8,475 | -€3,369 | -28.4% |
| Tangible fixed assets | 22/27 | €7,844 | €4,475 | -€3,369 | -42.9% |
| Plant, machinery and equipment | 23 | €3,344 | €1,475 | -€1,869 | -55.9% |
| Furniture and vehicles | 24 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €119,643 | €117,017 | -€2,626 | -2.2% |
| Stocks and contracts in progress | 3 | €77,517 | €76,575 | -€941 | -1.2% |
| Stocks | 30/36 | €77,517 | €76,575 | -€941 | -1.2% |
| Amounts receivable within one year | 40/41 | €41,988 | €27,188 | -€14,800 | -35.2% |
| Trade receivables | 40 | €8,125 | - | -€8,125 | |
| Other amounts receivable | 41 | €33,862 | €27,188 | -€6,675 | -19.7% |
| Cash at bank and in hand | 54/58 | €138 | €13,253 | +€13,115 | +9,507% |
| Total equity and liabilities | 10/49 | €131,486 | €125,492 | -€5,995 | -4.6% |
| Equity | 10/15 | €45,977 | €46,037 | +€60 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €37,917 | €37,977 | +€60 | +0.2% |
| Amounts payable | 17/49 | €85,509 | €79,454 | -€6,055 | -7.1% |
| Amounts payable within one year | 42/48 | €74,924 | €79,454 | +€4,530 | +6.0% |
| Trade debts | 44 | €53,668 | €59,358 | +€5,690 | +10.6% |
| Suppliers | 440/4 | €53,668 | €59,358 | +€5,690 | +10.6% |
| Taxes, remuneration and social security | 45 | €17,530 | €16,741 | -€789 | -4.5% |
| Taxes | 450/3 | €7,630 | €5,800 | -€1,830 | -24.0% |
| Remuneration and social security | 454/9 | €9,900 | €10,941 | +€1,041 | +10.5% |
| Other amounts payable | 47/48 | €3,726 | €3,355 | -€370 | -9.9% |
| Accrued charges and deferred income | 492/3 | €10,585 | - | -€10,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,133 | €3,369 | -€764 | -18.5% |
| Other operating charges | 640/8 | €983 | €649 | -€334 | -34.0% |
| Non-recurring operating charges | 66A | €5,118 | - | -€5,118 | |
| Gross operating margin | 9900 | €15,434 | €8,653 | -€6,780 | -43.9% |
| Operating profit (loss) | 9901 | €5,200 | €4,636 | -€564 | -10.8% |
| Financial income | 75/76B | €220 | - | -€220 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Non-recurring financial income | 76B | €195 | - | -€195 | |
| Financial charges | 65/66B | €2,470 | €3,202 | +€731 | +29.6% |
| Recurring financial charges | 65 | €2,470 | €3,202 | +€731 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €2,949 | €1,434 | -€1,515 | -51.4% |
| Income taxes | 67/77 | €1,856 | €1,374 | -€482 | -26.0% |
| Profit (loss) for the period | 9904 | €1,093 | €60 | -€1,033 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,093 | €60 | -€1,033 | -94.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.