GURNADE: 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.
GURNADE
Largest movements
- Tangible fixed assets -€8,014
down €8,014 (-35.2%), from €22,761 to €14,747
of which Furniture and vehicles: -€7,644
- Deferred charges and accrued income -€1,987
down €1,987 (-26.2%), from €7,581 to €5,594
- Cash +€685
up €685 (+7.7%), from €8,932 to €9,617
mainly Depreciation (+€8,014) and Other debts (+€3,638)
- Debts after one year -€7,160
down €7,160 (-48.0%), from €14,917 to €7,757
- Contributions -€5,800
down €5,800 (-72.0%), from €8,060 to €2,260
- Other debts +€3,638
up €3,638 (+231%), from €1,575 to €5,213
- Profit (loss) carried forward -€1,064
down €1,064 (-65.4%), from €1,626 to €562
- Trade debts +€893
up €893 (+80.7%), from €1,106 to €1,999
- Gross operating margin -€4,277
down €4,277 (-33.3%), from €12,840 to €8,563
- Taxes -€320
down €320 (-51.6%), from €620 to €300
- Other operating charges -€304
down €304 (-35.0%), from €869 to €565
- Financial charges -€248
down €248 (-24.9%), from €996 to €748
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 | €40,920 | €31,427 | -€9,493 | -23.2% |
| Fixed assets | 21/28 | €23,011 | €14,997 | -€8,014 | -34.8% |
| Tangible fixed assets | 22/27 | €22,761 | €14,747 | -€8,014 | -35.2% |
| Plant, machinery and equipment | 23 | €1,110 | €740 | -€370 | -33.3% |
| Furniture and vehicles | 24 | €21,651 | €14,007 | -€7,644 | -35.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €17,909 | €16,430 | -€1,479 | -8.3% |
| Amounts receivable within one year | 40/41 | €1,396 | €1,219 | -€177 | -12.7% |
| Other amounts receivable | 41 | €1,396 | €1,219 | -€177 | -12.7% |
| Cash at bank and in hand | 54/58 | €8,932 | €9,617 | +€685 | +7.7% |
| Deferred charges and accrued income | 490/1 | €7,581 | €5,594 | -€1,987 | -26.2% |
| Total equity and liabilities | 10/49 | €40,920 | €31,427 | -€9,493 | -23.2% |
| Equity | 10/15 | €13,611 | €6,747 | -€6,864 | -50.4% |
| Contributions | 10/11 | €8,060 | €2,260 | -€5,800 | -72.0% |
| Reserves | 13 | €3,925 | €3,925 | = | 0.0% |
| Distributable reserves | 133 | €3,925 | €3,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,626 | €562 | -€1,064 | -65.4% |
| Amounts payable | 17/49 | €27,309 | €24,680 | -€2,629 | -9.6% |
| Amounts payable after more than one year | 17 | €14,917 | €7,757 | -€7,160 | -48.0% |
| Financial debts | 170/4 | €14,917 | €7,757 | -€7,160 | -48.0% |
| Amounts payable within one year | 42/48 | €12,392 | €16,923 | +€4,531 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €7,161 | €7,161 | = | 0.0% |
| Trade debts | 44 | €1,106 | €1,999 | +€893 | +80.7% |
| Suppliers | 440/4 | €1,106 | €1,999 | +€893 | +80.7% |
| Taxes, remuneration and social security | 45 | €2,550 | €2,550 | = | 0.0% |
| Taxes | 450/3 | €2,550 | €2,550 | = | 0.0% |
| Other amounts payable | 47/48 | €1,575 | €5,213 | +€3,638 | +231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,096 | €8,014 | -€82 | -1.0% |
| Other operating charges | 640/8 | €869 | €565 | -€304 | -35.0% |
| Gross operating margin | 9900 | €12,840 | €8,563 | -€4,277 | -33.3% |
| Operating profit (loss) | 9901 | €3,875 | -€16 | -€3,891 | |
| Financial charges | 65/66B | €996 | €748 | -€248 | -24.9% |
| Recurring financial charges | 65 | €996 | €748 | -€248 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €2,879 | -€764 | -€3,643 | |
| Income taxes | 67/77 | €620 | €300 | -€320 | -51.6% |
| Profit (loss) for the period | 9904 | €2,259 | -€1,064 | -€3,323 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,259 | -€1,064 | -€3,323 |
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 28 October 2026 via checked.be.