Tack Gunter: 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.
Tack Gunter
Largest movements
- Receivables within one year +€4,176
up €4,176 (+196%), from €2,128 to €6,305
of which Trade receivables: +€2,750
- Stocks and contracts +€3,854
new in 2025: €3,854
- Cash +€752
up €752 (+331%), from €227 to €979
mainly Net result for the year (+€10,232) and Other debts (+€3,226)
- Tangible fixed assets -€238
down €238 (-22.4%), from €1,061 to €823
- Profit (loss) carried forward +€10,232
up €10,232 (+83.7%), from -€12,224 to -€1,993
- Trade debts -€4,618
down €4,618 (-90.4%), from €5,107 to €489
- Other debts +€3,226
up €3,226 (+32.8%), from €9,840 to €13,065
- Tax, wage and social debts -€194
no longer reported in 2025 (was €194)
- Gross operating margin +€10,351
up €10,351 (+917%), from €1,129 to €11,480
- Other operating charges -€498
down €498 (-47.4%), from €1,050 to €552
- Financial charges -€391
down €391 (-45.9%), from €851 to €460
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 | €3,417 | €12,062 | +€8,645 | +253% |
| Fixed assets | 21/28 | €1,061 | €823 | -€238 | -22.4% |
| Tangible fixed assets | 22/27 | €1,061 | €823 | -€238 | -22.4% |
| Plant, machinery and equipment | 23 | €1,061 | €823 | -€238 | -22.4% |
| Current assets | 29/58 | €2,356 | €11,239 | +€8,883 | +377% |
| Stocks and contracts in progress | 3 | - | €3,854 | +€3,854 | |
| Stocks | 30/36 | - | €3,854 | +€3,854 | |
| Amounts receivable within one year | 40/41 | €2,128 | €6,305 | +€4,176 | +196% |
| Trade receivables | 40 | €2,128 | €4,878 | +€2,750 | +129% |
| Other amounts receivable | 41 | - | €1,427 | +€1,427 | |
| Cash at bank and in hand | 54/58 | €227 | €979 | +€752 | +331% |
| Deferred charges and accrued income | 490/1 | - | €101 | +€101 | |
| Total equity and liabilities | 10/49 | €3,417 | €12,062 | +€8,645 | +253% |
| Equity | 10/15 | -€11,724 | -€1,493 | +€10,232 | +87.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,224 | -€1,993 | +€10,232 | +83.7% |
| Amounts payable | 17/49 | €15,141 | €13,555 | -€1,586 | -10.5% |
| Amounts payable within one year | 42/48 | €15,141 | €13,555 | -€1,586 | -10.5% |
| Trade debts | 44 | €5,107 | €489 | -€4,618 | -90.4% |
| Suppliers | 440/4 | €5,107 | €489 | -€4,618 | -90.4% |
| Taxes, remuneration and social security | 45 | €194 | - | -€194 | |
| Taxes | 450/3 | €194 | - | -€194 | |
| Other amounts payable | 47/48 | €9,840 | €13,065 | +€3,226 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129 | €238 | +€109 | +84.3% |
| Other operating charges | 640/8 | €1,050 | €552 | -€498 | -47.4% |
| Gross operating margin | 9900 | €1,129 | €11,480 | +€10,351 | +917% |
| Operating profit (loss) | 9901 | -€50 | €10,691 | +€10,740 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €851 | €460 | -€391 | -45.9% |
| Recurring financial charges | 65 | €851 | €460 | -€391 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€900 | €10,232 | +€11,132 | |
| Profit (loss) for the period | 9904 | -€900 | €10,232 | +€11,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€900 | €10,232 | +€11,132 |
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 26 October 2026 via checked.be.