GURMEHAR: what changed
Two fiscal 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.
GURMEHAR
Largest movements
- Cash +€12,140
up €12,140 (+69.1%), from €17,577 to €29,718
mainly Net result for the year (+€11,587) and Receivables within one year (+€6,200)
- Receivables within one year -€6,200
down €6,200 (-29.2%), from €21,220 to €15,020
- Tangible fixed assets -€5,333
down €5,333 (-41.1%), from €12,961 to €7,628
- Stocks and contracts -€1,548
down €1,548 (-19.7%), from €7,851 to €6,302
- Profit (loss) carried forward +€11,587
up €11,587 (+41.2%), from €28,154 to €39,741
- Debts after one year -€11,000
no longer reported in 2025 (was €11,000)
- Tax, wage and social debts -€5,186
down €5,186 (-57.9%), from €8,958 to €3,773
of which Taxes: -€3,328
- Trade debts +€3,500
up €3,500 (+67.9%), from €5,155 to €8,655
- Turnover +€31,752
up €31,752 (+8.1%), from €392,030 to €423,782
- Purchases and services +€25,209
up €25,209 (+6.6%), from €384,166 to €409,375
- Gross operating margin +€4,462
up €4,462 (+28.0%), from €15,916 to €20,378
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.
Cash bridge derived
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 | €62,967 | €61,868 | -€1,099 | -1.7% |
| Fixed assets | 21/28 | €16,161 | €10,828 | -€5,333 | -33.0% |
| Tangible fixed assets | 22/27 | €12,961 | €7,628 | -€5,333 | -41.1% |
| Furniture and vehicles | 24 | €12,961 | €7,628 | -€5,333 | -41.1% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €46,806 | €51,040 | +€4,234 | +9.0% |
| Stocks and contracts in progress | 3 | €7,851 | €6,302 | -€1,548 | -19.7% |
| Stocks | 30/36 | €7,851 | €6,302 | -€1,548 | -19.7% |
| Amounts receivable within one year | 40/41 | €21,220 | €15,020 | -€6,200 | -29.2% |
| Other amounts receivable | 41 | €21,220 | €15,020 | -€6,200 | -29.2% |
| Cash at bank and in hand | 54/58 | €17,577 | €29,718 | +€12,140 | +69.1% |
| Deferred charges and accrued income | 490/1 | €158 | - | -€158 | |
| Total equity and liabilities | 10/49 | €62,967 | €61,868 | -€1,099 | -1.7% |
| Equity | 10/15 | €37,854 | €49,441 | +€11,587 | +30.6% |
| Contributions | 10/11 | €9,700 | €9,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,154 | €39,741 | +€11,587 | +41.2% |
| Amounts payable | 17/49 | €25,114 | €12,428 | -€12,686 | -50.5% |
| Amounts payable after more than one year | 17 | €11,000 | - | -€11,000 | |
| Financial debts | 170/4 | €11,000 | - | -€11,000 | |
| Amounts payable within one year | 42/48 | €14,114 | €12,428 | -€1,686 | -11.9% |
| Trade debts | 44 | €5,155 | €8,655 | +€3,500 | +67.9% |
| Suppliers | 440/4 | €5,155 | €8,655 | +€3,500 | +67.9% |
| Taxes, remuneration and social security | 45 | €8,958 | €3,773 | -€5,186 | -57.9% |
| Taxes | 450/3 | €7,101 | €3,773 | -€3,328 | -46.9% |
| Remuneration and social security | 454/9 | €1,858 | - | -€1,858 | |
| Turnover | 70 | €392,030 | €423,782 | +€31,752 | +8.1% |
| Non-recurring operating income | 76A | €579 | - | -€579 | |
| Goods, raw materials, services and sundry goods | 60/61 | €384,166 | €409,375 | +€25,209 | +6.6% |
| Remuneration, social security and pensions | 62 | €3,365 | - | -€3,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,039 | €5,333 | +€2,294 | +75.5% |
| Other operating charges | 640/8 | €5,457 | €1,229 | -€4,228 | -77.5% |
| Gross operating margin | 9900 | €15,916 | €20,378 | +€4,462 | +28.0% |
| Operating profit (loss) | 9901 | €4,055 | €13,815 | +€9,760 | +240.7% |
| Financial income | 75/76B | €815 | €773 | -€42 | -5.1% |
| Recurring financial income | 75 | €815 | €773 | -€42 | -5.1% |
| Financial charges | 65/66B | €401 | €104 | -€296 | -73.9% |
| Recurring financial charges | 65 | €401 | €104 | -€296 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €4,469 | €14,484 | +€10,015 | +224.1% |
| Income taxes | 67/77 | €894 | €2,897 | +€2,003 | +224.1% |
| Profit (loss) for the period | 9904 | €3,575 | €11,587 | +€8,012 | +224.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,575 | €11,587 | +€8,012 | +224.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.