Gani Construct: what changed
Two fiscal 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.
Gani Construct
Largest movements
- Receivables within one year +€77,606
up €77,606 (+334.1%), from €23,226 to €100,832
of which Trade receivables: +€72,289
- Tangible fixed assets +€19,741
new in 2025: €19,741
- Cash -€3,355
down €3,355 (-13.0%), from €25,886 to €22,531
mainly Receivables within one year (-€77,606) and Investment in fixed assets (net) (-€22,618)
- Trade debts +€37,682
up €37,682 (+10114.3%), from €373 to €38,054
- Debts after one year +€29,395
new in 2025: €29,395
- Profit (loss) carried forward +€11,113
up €11,113 (+83.9%), from €13,251 to €24,364
- Other debts +€6,458
up €6,458 (+29.0%), from €22,291 to €28,749
- Short-term financial debts +€6,187
new in 2025: €6,187
- Gross operating margin +€5,146
up €5,146 (+30.7%), from €16,761 to €21,907
- Financial charges +€3,023
up €3,023 (+2924.8%), from €103 to €3,126
- Depreciation +€2,877
new in 2025: €2,877
- Financial income +€565
up €565 (+5649800.0%), from €0 to €565
- Other operating charges +€472
new in 2025: €472
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 | €49,177 | €143,308 | +€94,131 | +191.4% |
| Fixed assets | 21/28 | - | €19,741 | +€19,741 | |
| Tangible fixed assets | 22/27 | - | €19,741 | +€19,741 | |
| Furniture and vehicles | 24 | - | €19,741 | +€19,741 | |
| Current assets | 29/58 | €49,177 | €123,567 | +€74,390 | +151.3% |
| Amounts receivable within one year | 40/41 | €23,226 | €100,832 | +€77,606 | +334.1% |
| Trade receivables | 40 | €23,226 | €95,514 | +€72,289 | +311.2% |
| Other amounts receivable | 41 | - | €5,318 | +€5,318 | |
| Cash at bank and in hand | 54/58 | €25,886 | €22,531 | -€3,355 | -13.0% |
| Deferred charges and accrued income | 490/1 | €65 | €204 | +€139 | +212.2% |
| Total equity and liabilities | 10/49 | €49,177 | €143,308 | +€94,131 | +191.4% |
| Equity | 10/15 | €13,351 | €24,464 | +€11,113 | +83.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,251 | €24,364 | +€11,113 | +83.9% |
| Amounts payable | 17/49 | €35,827 | €118,844 | +€83,018 | +231.7% |
| Amounts payable after more than one year | 17 | - | €29,395 | +€29,395 | |
| Financial debts | 170/4 | - | €29,395 | +€29,395 | |
| Amounts payable within one year | 42/48 | €35,827 | €89,449 | +€53,623 | +149.7% |
| Financial debts | 43 | - | €6,187 | +€6,187 | |
| Credit institutions | 430/8 | - | €6,187 | +€6,187 | |
| Trade debts | 44 | €373 | €38,054 | +€37,682 | +10114.3% |
| Suppliers | 440/4 | €373 | €38,054 | +€37,682 | +10114.3% |
| Advances received on contracts in progress | 46 | €6,681 | €9,497 | +€2,817 | +42.2% |
| Taxes, remuneration and social security | 45 | €6,483 | €6,962 | +€479 | +7.4% |
| Taxes | 450/3 | €6,483 | €6,962 | +€479 | +7.4% |
| Other amounts payable | 47/48 | €22,291 | €28,749 | +€6,458 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,877 | +€2,877 | |
| Other operating charges | 640/8 | - | €472 | +€472 | |
| Non-recurring operating charges | 66A | - | €1,562 | +€1,562 | |
| Gross operating margin | 9900 | €16,761 | €21,907 | +€5,146 | +30.7% |
| Operating profit (loss) | 9901 | €16,761 | €16,996 | +€235 | +1.4% |
| Financial income | 75/76B | €0 | €565 | +€565 | +5649800.0% |
| Recurring financial income | 75 | €0 | €565 | +€565 | +5649800.0% |
| Financial charges | 65/66B | €103 | €3,126 | +€3,023 | +2924.8% |
| Recurring financial charges | 65 | €103 | €3,126 | +€3,023 | +2924.8% |
| Profit (loss) for the period before taxes | 9903 | €16,658 | €14,435 | -€2,223 | -13.3% |
| Income taxes | 67/77 | €3,407 | €3,322 | -€85 | -2.5% |
| Profit (loss) for the period | 9904 | €13,251 | €11,113 | -€2,138 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,251 | €11,113 | -€2,138 | -16.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.