GANDA: 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.
GANDA
Largest movements
- Receivables within one year -€2,689
down €2,689 (-17.7%), from €15,208 to €12,518
- Contributions +€14,200
up €14,200 (+10.0%), from €142,000 to €156,200
- Reserves -€14,200
down €14,200 (-100%), from €14,200 to €0
- Trade debts -€2,092
down €2,092 (-51.5%), from €4,065 to €1,973
- Profit (loss) carried forward -€616
down €616 (-0.4%), from -€145,022 to -€145,638
- Financial income -€429
down €429 (-36.4%), from €1,181 to €751
- Gross operating margin -€351
down €351 (-75.8%), from -€464 to -€815
- Financial charges -€182
down €182 (-99.9%), from €182 to €0
- Other operating charges -€41
down €41 (-7.0%), from €594 to €552
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 | €15,243 | €12,535 | -€2,708 | -17.8% |
| Current assets | 29/58 | €15,243 | €12,535 | -€2,708 | -17.8% |
| Amounts receivable within one year | 40/41 | €15,208 | €12,518 | -€2,689 | -17.7% |
| Other amounts receivable | 41 | €15,208 | €12,518 | -€2,689 | -17.7% |
| Cash at bank and in hand | 54/58 | €35 | €17 | -€19 | -53.3% |
| Total equity and liabilities | 10/49 | €15,243 | €12,535 | -€2,708 | -17.8% |
| Equity | 10/15 | €11,178 | €10,562 | -€616 | -5.5% |
| Contributions | 10/11 | €142,000 | €156,200 | +€14,200 | +10.0% |
| Reserves | 13 | €14,200 | €0 | -€14,200 | -100% |
| Non-distributable reserves | 130/1 | €14,200 | €0 | -€14,200 | -100% |
| Reserves not available under the articles | 1311 | €14,200 | €0 | -€14,200 | -100% |
| Profit (loss) carried forward | 14 | -€145,022 | -€145,638 | -€616 | -0.4% |
| Amounts payable | 17/49 | €4,065 | €1,973 | -€2,092 | -51.5% |
| Amounts payable within one year | 42/48 | €4,065 | €1,973 | -€2,092 | -51.5% |
| Trade debts | 44 | €4,065 | €1,973 | -€2,092 | -51.5% |
| Suppliers | 440/4 | €4,065 | €1,973 | -€2,092 | -51.5% |
| Other operating charges | 640/8 | €594 | €552 | -€41 | -7.0% |
| Gross operating margin | 9900 | -€464 | -€815 | -€351 | -75.8% |
| Operating profit (loss) | 9901 | -€1,057 | -€1,367 | -€310 | -29.3% |
| Financial income | 75/76B | €1,181 | €751 | -€429 | -36.4% |
| Recurring financial income | 75 | €1,181 | €751 | -€429 | -36.4% |
| Financial charges | 65/66B | €182 | €0 | -€182 | -99.9% |
| Recurring financial charges | 65 | €182 | €0 | -€182 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€59 | -€616 | -€558 | -950% |
| Profit (loss) for the period | 9904 | -€59 | -€616 | -€558 | -950% |
| Profit (loss) for the period to be appropriated | 9905 | -€59 | -€616 | -€558 | -950% |
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 14 October 2026 via checked.be.