GURNANAK: 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.
GURNANAK
Largest movements
- Cash +€5,216
up €5,216 (+26.6%), from €19,637 to €24,853
mainly Tax, wage and social debts (+€20,473) and Receivables within one year (+€2,458)
- Tangible fixed assets +€4,200
up €4,200 (+657%), from €639 to €4,839
- Receivables within one year -€2,458
down €2,458 (-29.3%), from €8,389 to €5,931
of which Trade receivables: -€2,592
- Tax, wage and social debts +€20,473
up €20,473 (+99.3%), from €20,616 to €41,088
of which Remuneration and social security: +€21,208
- Profit (loss) carried forward -€11,645
down €11,645 (-101%), from -€11,542 to -€23,187
- Trade debts -€1,869
down €1,869 (-53.7%), from €3,483 to €1,614
- Turnover +€161,299
new in 2025: €161,299
- Purchases and services +€138,993
new in 2025: €138,993
- Gross operating margin -€36,644
down €36,644 (-53.6%), from €68,339 to €31,695
- Taxes -€4,816
no longer reported in 2025 (was €4,816)
- Staff costs -€3,110
down €3,110 (-7.1%), from €43,619 to €40,509
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 | €34,557 | €41,515 | +€6,958 | +20.1% |
| Fixed assets | 21/28 | €6,531 | €10,731 | +€4,200 | +64.3% |
| Intangible fixed assets | 21 | €4,130 | €4,130 | = | 0.0% |
| Tangible fixed assets | 22/27 | €639 | €4,839 | +€4,200 | +657% |
| Plant, machinery and equipment | 23 | €639 | €4,839 | +€4,200 | +657% |
| Financial fixed assets | 28 | €1,762 | €1,762 | = | 0.0% |
| Current assets | 29/58 | €28,026 | €30,784 | +€2,758 | +9.8% |
| Amounts receivable within one year | 40/41 | €8,389 | €5,931 | -€2,458 | -29.3% |
| Trade receivables | 40 | €2,592 | - | -€2,592 | |
| Other amounts receivable | 41 | €5,797 | €5,931 | +€134 | +2.3% |
| Cash at bank and in hand | 54/58 | €19,637 | €24,853 | +€5,216 | +26.6% |
| Total equity and liabilities | 10/49 | €34,557 | €41,515 | +€6,958 | +20.1% |
| Equity | 10/15 | €10,458 | -€1,187 | -€11,645 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,542 | -€23,187 | -€11,645 | -101% |
| Amounts payable | 17/49 | €24,099 | €42,702 | +€18,603 | +77.2% |
| Amounts payable within one year | 42/48 | €24,099 | €42,702 | +€18,603 | +77.2% |
| Trade debts | 44 | €3,483 | €1,614 | -€1,869 | -53.7% |
| Suppliers | 440/4 | €3,483 | €1,614 | -€1,869 | -53.7% |
| Taxes, remuneration and social security | 45 | €20,616 | €41,088 | +€20,473 | +99.3% |
| Taxes | 450/3 | €11,617 | €10,882 | -€735 | -6.3% |
| Remuneration and social security | 454/9 | €8,999 | €30,207 | +€21,208 | +236% |
| Turnover | 70 | - | €161,299 | +€161,299 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €138,993 | +€138,993 | |
| Remuneration, social security and pensions | 62 | €43,619 | €40,509 | -€3,110 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,898 | - | -€2,898 | |
| Other operating charges | 640/8 | €505 | €2,464 | +€1,959 | +388% |
| Gross operating margin | 9900 | €68,339 | €31,695 | -€36,644 | -53.6% |
| Operating profit (loss) | 9901 | €21,317 | -€11,278 | -€32,595 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €479 | €370 | -€109 | -22.7% |
| Recurring financial charges | 65 | €479 | €370 | -€109 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €20,838 | -€11,645 | -€32,483 | |
| Income taxes | 67/77 | €4,816 | - | -€4,816 | |
| Profit (loss) for the period | 9904 | €16,022 | -€11,645 | -€27,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,022 | -€11,645 | -€27,668 |
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.