GANESH: 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.
GANESH
Largest movements
- Cash -€56,529
down €56,529 (-83.9%), from €67,362 to €10,833
mainly Net result for the year (-€41,736) and Tax, wage and social debts (-€17,282)
- Profit (loss) carried forward -€40,923
new in 2025: -€40,923
- Tax, wage and social debts -€17,282
down €17,282 (-63.9%), from €27,025 to €9,743
of which Taxes: -€14,786
- Trade debts +€1,689
up €1,689 (+4.6%), from €36,382 to €38,071
- Gross operating margin -€75,328
down €75,328 (-48.7%), from €154,599 to €79,271
- Staff costs -€13,657
down €13,657 (-10.5%), from €129,475 to €115,818
- Taxes -€6,249
down €6,249 (-97.6%), from €6,404 to €155
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 | €153,741 | €96,413 | -€57,329 | -37.3% |
| Fixed assets | 21/28 | €1,781 | €2,063 | +€282 | +15.9% |
| Tangible fixed assets | 22/27 | €1,781 | €2,063 | +€282 | +15.9% |
| Plant, machinery and equipment | 23 | €1,781 | €2,063 | +€282 | +15.9% |
| Current assets | 29/58 | €151,960 | €94,349 | -€57,611 | -37.9% |
| Stocks and contracts in progress | 3 | €5,260 | €4,297 | -€963 | -18.3% |
| Stocks | 30/36 | €5,260 | €4,297 | -€963 | -18.3% |
| Amounts receivable within one year | 40/41 | €78,493 | €78,355 | -€139 | -0.2% |
| Other amounts receivable | 41 | €78,493 | €78,355 | -€139 | -0.2% |
| Cash at bank and in hand | 54/58 | €67,362 | €10,833 | -€56,529 | -83.9% |
| Deferred charges and accrued income | 490/1 | €846 | €864 | +€19 | +2.2% |
| Total equity and liabilities | 10/49 | €153,741 | €96,413 | -€57,329 | -37.3% |
| Equity | 10/15 | €52,174 | €10,438 | -€41,736 | -80.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €33,174 | €32,361 | -€813 | -2.5% |
| Distributable reserves | 133 | €33,174 | €32,361 | -€813 | -2.5% |
| Profit (loss) carried forward | 14 | - | -€40,923 | -€40,923 | |
| Amounts payable | 17/49 | €101,568 | €85,975 | -€15,593 | -15.4% |
| Amounts payable after more than one year | 17 | €38,161 | €38,161 | = | 0.0% |
| Other amounts payable | 178/9 | €38,161 | €38,161 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,407 | €47,814 | -€15,593 | -24.6% |
| Trade debts | 44 | €36,382 | €38,071 | +€1,689 | +4.6% |
| Suppliers | 440/4 | €36,382 | €38,071 | +€1,689 | +4.6% |
| Taxes, remuneration and social security | 45 | €27,025 | €9,743 | -€17,282 | -63.9% |
| Taxes | 450/3 | €18,594 | €3,808 | -€14,786 | -79.5% |
| Remuneration and social security | 454/9 | €8,430 | €5,935 | -€2,496 | -29.6% |
| Remuneration, social security and pensions | 62 | €129,475 | €115,818 | -€13,657 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €874 | €1,105 | +€231 | +26.5% |
| Other operating charges | 640/8 | €824 | €2,284 | +€1,460 | +177% |
| Gross operating margin | 9900 | €154,599 | €79,271 | -€75,328 | -48.7% |
| Operating profit (loss) | 9901 | €23,425 | -€39,937 | -€63,362 | |
| Financial income | 75/76B | €2,084 | €2,432 | +€349 | +16.7% |
| Recurring financial income | 75 | €2,084 | €2,432 | +€349 | +16.7% |
| Financial charges | 65/66B | €3,480 | €4,077 | +€597 | +17.1% |
| Recurring financial charges | 65 | €3,480 | €4,077 | +€597 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €22,029 | -€41,581 | -€63,610 | |
| Income taxes | 67/77 | €6,404 | €155 | -€6,249 | -97.6% |
| Profit (loss) for the period | 9904 | €15,625 | -€41,736 | -€57,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,625 | -€41,736 | -€57,361 |
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 16 October 2026 via checked.be.