GANCI: 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.
GANCI
Largest movements
- Cash +€72,022
up €72,022 (+65.0%), from €110,800 to €182,822
mainly Receivables within one year (+€71,394) and Net result for the year (+€66,275)
- Receivables within one year -€71,394
down €71,394 (-77.6%), from €91,962 to €20,568
of which Trade receivables: -€72,514
- Tangible fixed assets +€28,714
up €28,714 (+546%), from €5,254 to €33,969
- Trade debts -€73,175
down €73,175 (-80.0%), from €91,502 to €18,326
- Reserves +€55,000
up €55,000 (+79.9%), from €68,860 to €123,860
- Debts after one year +€18,996
new in 2025: €18,996
- Current portion of long-term debt +€13,965
new in 2025: €13,965
- Profit (loss) carried forward +€11,275
up €11,275 (+50.4%), from €22,376 to €33,651
- Turnover +€116,676
up €116,676 (+17.5%), from €668,391 to €785,067
- Purchases and services +€81,440
up €81,440 (+13.5%), from €601,425 to €682,866
- Gross operating margin +€36,566
up €36,566 (+54.6%), from €66,965 to €103,532
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 | €217,345 | €246,633 | +€29,289 | +13.5% |
| Fixed assets | 21/28 | €5,254 | €33,969 | +€28,714 | +546% |
| Tangible fixed assets | 22/27 | €5,254 | €33,969 | +€28,714 | +546% |
| Furniture and vehicles | 24 | €5,254 | €33,969 | +€28,714 | +546% |
| Current assets | 29/58 | €212,090 | €212,665 | +€574 | +0.3% |
| Stocks and contracts in progress | 3 | €8,900 | €8,900 | = | 0.0% |
| Stocks | 30/36 | €8,900 | €8,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,962 | €20,568 | -€71,394 | -77.6% |
| Trade receivables | 40 | €89,266 | €16,752 | -€72,514 | -81.2% |
| Other amounts receivable | 41 | €2,696 | €3,816 | +€1,120 | +41.6% |
| Cash at bank and in hand | 54/58 | €110,800 | €182,822 | +€72,022 | +65.0% |
| Deferred charges and accrued income | 490/1 | €429 | €375 | -€53 | -12.5% |
| Total equity and liabilities | 10/49 | €217,345 | €246,633 | +€29,289 | +13.5% |
| Equity | 10/15 | €97,436 | €163,711 | +€66,275 | +68.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,860 | €123,860 | +€55,000 | +79.9% |
| Distributable reserves | 133 | €68,860 | €123,860 | +€55,000 | +79.9% |
| Profit (loss) carried forward | 14 | €22,376 | €33,651 | +€11,275 | +50.4% |
| Amounts payable | 17/49 | €119,909 | €82,922 | -€36,986 | -30.8% |
| Amounts payable after more than one year | 17 | - | €18,996 | +€18,996 | |
| Financial debts | 170/4 | - | €18,996 | +€18,996 | |
| Amounts payable within one year | 42/48 | €119,229 | €63,246 | -€55,983 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | - | €13,965 | +€13,965 | |
| Financial debts | 43 | €141 | €141 | = | 0.0% |
| Credit institutions | 430/8 | €141 | €141 | = | 0.0% |
| Trade debts | 44 | €91,502 | €18,326 | -€73,175 | -80.0% |
| Suppliers | 440/4 | €91,502 | €18,326 | -€73,175 | -80.0% |
| Taxes, remuneration and social security | 45 | €27,586 | €30,813 | +€3,227 | +11.7% |
| Taxes | 450/3 | €27,586 | €30,813 | +€3,227 | +11.7% |
| Accrued charges and deferred income | 492/3 | €680 | €680 | = | 0.0% |
| Turnover | 70 | €668,391 | €785,067 | +€116,676 | +17.5% |
| Non-recurring operating income | 76A | - | €1,331 | +€1,331 | |
| Goods, raw materials, services and sundry goods | 60/61 | €601,425 | €682,866 | +€81,440 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,843 | €7,470 | +€3,628 | +94.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,590 | +€2,590 | |
| Other operating charges | 640/8 | €683 | €843 | +€159 | +23.3% |
| Gross operating margin | 9900 | €66,965 | €103,532 | +€36,566 | +54.6% |
| Operating profit (loss) | 9901 | €62,439 | €92,629 | +€30,190 | +48.4% |
| Financial income | 75/76B | €1 | €53 | +€52 | +6,217% |
| Recurring financial income | 75 | €1 | €53 | +€52 | +6,217% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €744 | €1,658 | +€914 | +123% |
| Recurring financial charges | 65 | €744 | €1,658 | +€914 | +123% |
| Profit (loss) for the period before taxes | 9903 | €61,696 | €91,025 | +€29,328 | +47.5% |
| Income taxes | 67/77 | €19,402 | €24,750 | +€5,348 | +27.6% |
| Profit (loss) for the period | 9904 | €42,294 | €66,275 | +€23,981 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,294 | €66,275 | +€23,981 | +56.7% |
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 16 October 2026 via checked.be.