GANESHA: 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.
GANESHA
Largest movements
- Tangible fixed assets -€38,318
down €38,318 (-8.5%), from €452,832 to €414,514
of which Land and buildings: -€20,305
- Receivables within one year +€21,200
up €21,200 (+15.0%), from €140,873 to €162,073
- Debts after one year -€34,815
down €34,815 (-42.3%), from €82,341 to €47,526
- Reserves +€13,427
up €13,427 (+4.6%), from €292,720 to €306,147
- Gross operating margin +€2,348
up €2,348 (+4.0%), from €58,044 to €60,392
- Financial charges -€751
down €751 (-27.8%), from €2,699 to €1,948
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 | €600,167 | €579,302 | -€20,865 | -3.5% |
| Fixed assets | 21/28 | €452,832 | €414,514 | -€38,318 | -8.5% |
| Tangible fixed assets | 22/27 | €452,832 | €414,514 | -€38,318 | -8.5% |
| Land and buildings | 22 | €380,661 | €360,356 | -€20,305 | -5.3% |
| Plant, machinery and equipment | 23 | €72,171 | €54,158 | -€18,013 | -25.0% |
| Current assets | 29/58 | €147,335 | €164,788 | +€17,453 | +11.8% |
| Amounts receivable within one year | 40/41 | €140,873 | €162,073 | +€21,200 | +15.0% |
| Other amounts receivable | 41 | €140,873 | €162,073 | +€21,200 | +15.0% |
| Cash at bank and in hand | 54/58 | €6,462 | €2,715 | -€3,747 | -58.0% |
| Total equity and liabilities | 10/49 | €600,167 | €579,302 | -€20,865 | -3.5% |
| Equity | 10/15 | €472,720 | €486,147 | +€13,427 | +2.8% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €292,720 | €306,147 | +€13,427 | +4.6% |
| Distributable reserves | 133 | €292,720 | €306,147 | +€13,427 | +4.6% |
| Amounts payable | 17/49 | €127,447 | €93,155 | -€34,292 | -26.9% |
| Amounts payable after more than one year | 17 | €82,341 | €47,526 | -€34,815 | -42.3% |
| Financial debts | 170/4 | €82,341 | €47,526 | -€34,815 | -42.3% |
| Amounts payable within one year | 42/48 | €45,106 | €45,629 | +€523 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €34,692 | €34,815 | +€123 | +0.4% |
| Trade debts | 44 | €720 | €1,120 | +€400 | +55.6% |
| Suppliers | 440/4 | €720 | €1,120 | +€400 | +55.6% |
| Other amounts payable | 47/48 | €9,694 | €9,694 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,317 | €38,318 | +€1 | 0.0% |
| Other operating charges | 640/8 | €6,501 | €6,699 | +€198 | +3.0% |
| Gross operating margin | 9900 | €58,044 | €60,392 | +€2,348 | +4.0% |
| Operating profit (loss) | 9901 | €13,226 | €15,375 | +€2,149 | +16.2% |
| Financial charges | 65/66B | €2,699 | €1,948 | -€751 | -27.8% |
| Recurring financial charges | 65 | €2,699 | €1,948 | -€751 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €10,527 | €13,427 | +€2,900 | +27.5% |
| Profit (loss) for the period | 9904 | €10,527 | €13,427 | +€2,900 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,527 | €13,427 | +€2,900 | +27.5% |
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.