GANAMI: 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.
GANAMI
Largest movements
- Tangible fixed assets -€24,182
down €24,182 (-3.5%), from €694,909 to €670,727
- Cash -€18,608
down €18,608 (-34.2%), from €54,390 to €35,782
mainly Debts after one year (-€28,121) and Receivables within one year (-€6,450)
- Debts after one year -€28,121
down €28,121 (-9.6%), from €293,392 to €265,271
- Reserves -€9,727
down €9,727 (-3.6%), from €268,774 to €259,047
of which Tax-exempt reserves: -€9,727
- Gross operating margin -€8,343
down €8,343 (-24.8%), from €33,574 to €25,231
- Financial charges -€374
down €374 (-8.0%), from €4,679 to €4,304
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 | €749,299 | €712,959 | -€36,339 | -4.8% |
| Fixed assets | 21/28 | €694,909 | €670,727 | -€24,182 | -3.5% |
| Tangible fixed assets | 22/27 | €694,909 | €670,727 | -€24,182 | -3.5% |
| Land and buildings | 22 | €694,909 | €670,727 | -€24,182 | -3.5% |
| Current assets | 29/58 | €54,390 | €42,232 | -€12,158 | -22.4% |
| Amounts receivable within one year | 40/41 | - | €6,450 | +€6,450 | |
| Trade receivables | 40 | - | €6,450 | +€6,450 | |
| Cash at bank and in hand | 54/58 | €54,390 | €35,782 | -€18,608 | -34.2% |
| Total equity and liabilities | 10/49 | €749,299 | €712,959 | -€36,339 | -4.8% |
| Equity | 10/15 | €251,999 | €249,525 | -€2,474 | -1.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €268,774 | €259,047 | -€9,727 | -3.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €262,624 | €252,897 | -€9,727 | -3.7% |
| Profit (loss) carried forward | 14 | -€78,275 | -€71,022 | +€7,253 | +9.3% |
| Provisions and deferred taxes | 16 | €128,959 | €124,183 | -€4,776 | -3.7% |
| Deferred taxes | 168 | €128,959 | €124,183 | -€4,776 | -3.7% |
| Amounts payable | 17/49 | €368,341 | €339,252 | -€29,089 | -7.9% |
| Amounts payable after more than one year | 17 | €293,392 | €265,271 | -€28,121 | -9.6% |
| Financial debts | 170/4 | €293,392 | €265,271 | -€28,121 | -9.6% |
| Amounts payable within one year | 42/48 | €74,949 | €73,981 | -€968 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €27,683 | €28,121 | +€438 | +1.6% |
| Trade debts | 44 | €3,866 | €1,960 | -€1,906 | -49.3% |
| Suppliers | 440/4 | €3,866 | €1,960 | -€1,906 | -49.3% |
| Other amounts payable | 47/48 | €43,399 | €43,899 | +€500 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,182 | €24,182 | = | 0.0% |
| Other operating charges | 640/8 | €3,866 | €3,995 | +€129 | +3.3% |
| Gross operating margin | 9900 | €33,574 | €25,231 | -€8,343 | -24.8% |
| Operating profit (loss) | 9901 | €5,526 | -€2,946 | -€8,471 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,679 | €4,304 | -€374 | -8.0% |
| Recurring financial charges | 65 | €4,679 | €4,304 | -€374 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €847 | -€7,250 | -€8,097 | |
| Transfer from deferred taxes | 780 | €4,776 | €4,776 | = | 0.0% |
| Profit (loss) for the period | 9904 | €5,623 | -€2,474 | -€8,097 | |
| Transfer from tax-exempt reserves | 789 | €9,727 | €9,727 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,350 | €7,253 | -€8,097 | -52.8% |
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 9 October 2026 via checked.be.