GAHAGNON: 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.
GAHAGNON
Largest movements
- Receivables within one year -€714,500
down €714,500 (-63.3%), from €1.1m to €413,508
of which Other amounts receivable: -€715,302
- Cash -€274,756
down €274,756 (-81.6%), from €336,881 to €62,126
mainly Contributions, distributions and other (-€1.7m) and Smaller working-capital items (-€201)
- Reserves -€1.0m
down €1.0m (-72.9%), from €1.4m to €386,520
of which Distributable reserves: -€1.0m
- Other debts +€42,500
up €42,500 (+7.7%), from €553,299 to €595,799
- Financial income +€181,671
up €181,671 (+35.8%), from €507,579 to €689,250
- Gross operating margin +€5,678
up €5,678 (+19.4%), from -€29,325 to -€23,647
- Financial charges +€746
up €746 (+22.1%), from €3,375 to €4,121
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 | €2,097,677 | €1,108,453 | -€989,223 | -47.2% |
| Fixed assets | 21/28 | €632,104 | €632,104 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,780 | €2,780 | = | 0.0% |
| Furniture and vehicles | 24 | €2,780 | €2,780 | = | 0.0% |
| Financial fixed assets | 28 | €629,324 | €629,324 | = | 0.0% |
| Current assets | 29/58 | €1,465,572 | €476,349 | -€989,223 | -67.5% |
| Amounts receivable within one year | 40/41 | €1,128,008 | €413,508 | -€714,500 | -63.3% |
| Trade receivables | 40 | €557 | €1,359 | +€802 | +144% |
| Other amounts receivable | 41 | €1,127,451 | €412,149 | -€715,302 | -63.4% |
| Cash at bank and in hand | 54/58 | €336,881 | €62,126 | -€274,756 | -81.6% |
| Deferred charges and accrued income | 490/1 | €683 | €715 | +€33 | +4.8% |
| Total equity and liabilities | 10/49 | €2,097,677 | €1,108,453 | -€989,223 | -47.2% |
| Equity | 10/15 | €1,444,163 | €405,120 | -€1.0m | -71.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,425,563 | €386,520 | -€1.0m | -72.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,423,703 | €384,660 | -€1.0m | -73.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €653,514 | €703,333 | +€49,819 | +7.6% |
| Amounts payable within one year | 42/48 | €653,514 | €703,333 | +€49,819 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,261 | €2,094 | -€168 | -7.4% |
| Suppliers | 440/4 | €2,261 | €2,094 | -€168 | -7.4% |
| Taxes, remuneration and social security | 45 | €97,954 | €105,441 | +€7,487 | +7.6% |
| Taxes | 450/3 | €97,954 | €105,441 | +€7,487 | +7.6% |
| Other amounts payable | 47/48 | €553,299 | €595,799 | +€42,500 | +7.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €88 | €84 | -€3 | -3.9% |
| Gross operating margin | 9900 | -€29,325 | -€23,647 | +€5,678 | +19.4% |
| Operating profit (loss) | 9901 | -€29,413 | -€23,731 | +€5,681 | +19.3% |
| Financial income | 75/76B | €507,579 | €689,250 | +€181,671 | +35.8% |
| Recurring financial income | 75 | €507,579 | €689,250 | +€181,671 | +35.8% |
| Financial charges | 65/66B | €3,375 | €4,121 | +€746 | +22.1% |
| Recurring financial charges | 65 | €3,375 | €4,121 | +€746 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €474,791 | €661,398 | +€186,607 | +39.3% |
| Income taxes | 67/77 | €454 | €441 | -€13 | -2.9% |
| Profit (loss) for the period | 9904 | €474,337 | €660,957 | +€186,620 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €474,337 | €660,957 | +€186,620 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.