Ganbaru Consult: 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.
Ganbaru Consult
Largest movements
- Tangible fixed assets -€22,045
down €22,045 (-22.1%), from €99,716 to €77,670
of which Leasing and similar rights: -€14,979
- Cash +€16,412
up €16,412 (+7.0%), from €234,925 to €251,337
mainly Net result for the year (+€102,154) and Depreciation (+€23,117)
- Other debts -€115,652
down €115,652 (-81.7%), from €141,590 to €25,939
- Reserves +€102,769
up €102,769 (+70.4%), from €146,000 to €248,769
- Tax, wage and social debts +€15,518
up €15,518 (+526%), from €2,950 to €18,468
of which Taxes: +€15,519
- Debts after one year -€14,703
down €14,703 (-24.8%), from €59,295 to €44,592
- Gross operating margin +€21,444
up €21,444 (+13.4%), from €159,544 to €180,987
- Taxes +€16,707
up €16,707 (+51.0%), from €32,761 to €49,468
- Depreciation +€13,548
up €13,548 (+142%), from €9,569 to €23,117
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 | €390,796 | €379,273 | -€11,523 | -2.9% |
| Fixed assets | 21/28 | €99,716 | €77,670 | -€22,045 | -22.1% |
| Tangible fixed assets | 22/27 | €99,716 | €77,670 | -€22,045 | -22.1% |
| Furniture and vehicles | 24 | €5,267 | €3,186 | -€2,081 | -39.5% |
| Leasing and similar rights | 25 | €74,569 | €59,590 | -€14,979 | -20.1% |
| Other tangible fixed assets | 26 | €19,880 | €14,895 | -€4,985 | -25.1% |
| Current assets | 29/58 | €291,080 | €301,603 | +€10,523 | +3.6% |
| Amounts receivable within one year | 40/41 | €39,815 | €36,024 | -€3,791 | -9.5% |
| Trade receivables | 40 | €35,574 | €35,394 | -€181 | -0.5% |
| Other amounts receivable | 41 | €4,241 | €631 | -€3,610 | -85.1% |
| Current investments | 50/53 | €12,807 | €12,807 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €234,925 | €251,337 | +€16,412 | +7.0% |
| Deferred charges and accrued income | 490/1 | €3,533 | €1,434 | -€2,099 | -59.4% |
| Total equity and liabilities | 10/49 | €390,796 | €379,273 | -€11,523 | -2.9% |
| Equity | 10/15 | €165,215 | €267,369 | +€102,154 | +61.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,000 | €248,769 | +€102,769 | +70.4% |
| Distributable reserves | 133 | €146,000 | €248,769 | +€102,769 | +70.4% |
| Profit (loss) carried forward | 14 | €615 | - | -€615 | |
| Amounts payable | 17/49 | €225,581 | €111,904 | -€113,677 | -50.4% |
| Amounts payable after more than one year | 17 | €59,295 | €44,592 | -€14,703 | -24.8% |
| Financial debts | 170/4 | €59,295 | €44,592 | -€14,703 | -24.8% |
| Amounts payable within one year | 42/48 | €163,845 | €61,919 | -€101,926 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €14,413 | €14,703 | +€289 | +2.0% |
| Trade debts | 44 | €4,891 | €2,809 | -€2,082 | -42.6% |
| Suppliers | 440/4 | €4,891 | €2,809 | -€2,082 | -42.6% |
| Taxes, remuneration and social security | 45 | €2,950 | €18,468 | +€15,518 | +526% |
| Taxes | 450/3 | €2,949 | €18,468 | +€15,519 | +526% |
| Remuneration and social security | 454/9 | €1 | - | -€1 | |
| Other amounts payable | 47/48 | €141,590 | €25,939 | -€115,652 | -81.7% |
| Accrued charges and deferred income | 492/3 | €2,442 | €5,394 | +€2,952 | +121% |
| Non-recurring operating income | 76A | - | €5,377 | +€5,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,569 | €23,117 | +€13,548 | +142% |
| Other operating charges | 640/8 | €1,462 | €2,570 | +€1,108 | +75.8% |
| Gross operating margin | 9900 | €159,544 | €180,987 | +€21,444 | +13.4% |
| Operating profit (loss) | 9901 | €148,514 | €155,301 | +€6,788 | +4.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +11,850% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +11,850% |
| Financial charges | 65/66B | €4,011 | €3,682 | -€329 | -8.2% |
| Recurring financial charges | 65 | €4,011 | €3,682 | -€329 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €144,503 | €151,622 | +€7,119 | +4.9% |
| Income taxes | 67/77 | €32,761 | €49,468 | +€16,707 | +51.0% |
| Profit (loss) for the period | 9904 | €111,742 | €102,154 | -€9,588 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,742 | €102,154 | -€9,588 | -8.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.