GANIROU: 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.
GANIROU
Largest movements
- Tangible fixed assets +€52,327
up €52,327 (+987%), from €5,303 to €57,630
of which Furniture and vehicles: +€52,810
- Cash -€42,264
down €42,264 (-68.5%), from €61,691 to €19,427
mainly Investment in fixed assets (net) (-€56,913) and Net result for the year (-€14,719)
- Receivables within one year +€1,212
up €1,212 (+14.3%), from €8,471 to €9,683
of which Trade receivables: +€1,383
- Deferred charges and accrued income +€1,163
new in 2025: €1,163
- Debts after one year +€21,587
new in 2025: €21,587
- Profit (loss) carried forward -€14,719
down €14,719 (-46.6%), from €31,557 to €16,838
- Tax, wage and social debts -€5,916
down €5,916 (-54.4%), from €10,869 to €4,953
of which Remuneration and social security: -€3,002
- Current portion of long-term debt +€5,661
new in 2025: €5,661
- Other debts +€4,411
up €4,411 (+27.5%), from €16,041 to €20,452
- Gross operating margin -€69,928
down €69,928, from €60,593 to -€9,335
- Staff costs -€35,778
down €35,778 (-100%), from €35,778 to €0
- Taxes -€4,935
down €4,935 (-100%), from €4,935 to €0
- Depreciation +€3,362
up €3,362 (+275%), from €1,224 to €4,586
- Financial charges -€700
down €700 (-48.5%), from €1,445 to €745
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 | €75,465 | €87,904 | +€12,439 | +16.5% |
| Fixed assets | 21/28 | €5,303 | €57,630 | +€52,327 | +987% |
| Tangible fixed assets | 22/27 | €5,303 | €57,630 | +€52,327 | +987% |
| Land and buildings | 22 | €3,957 | €3,347 | -€609 | -15.4% |
| Plant, machinery and equipment | 23 | €1,238 | €1,364 | +€126 | +10.2% |
| Furniture and vehicles | 24 | €108 | €52,919 | +€52,810 | +48,682% |
| Current assets | 29/58 | €70,162 | €30,274 | -€39,889 | -56.9% |
| Amounts receivable within one year | 40/41 | €8,471 | €9,683 | +€1,212 | +14.3% |
| Trade receivables | 40 | €7,642 | €9,024 | +€1,383 | +18.1% |
| Other amounts receivable | 41 | €829 | €659 | -€170 | -20.5% |
| Cash at bank and in hand | 54/58 | €61,691 | €19,427 | -€42,264 | -68.5% |
| Deferred charges and accrued income | 490/1 | - | €1,163 | +€1,163 | |
| Total equity and liabilities | 10/49 | €75,465 | €87,904 | +€12,439 | +16.5% |
| Equity | 10/15 | €37,557 | €22,838 | -€14,719 | -39.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,557 | €16,838 | -€14,719 | -46.6% |
| Amounts payable | 17/49 | €37,908 | €65,066 | +€27,157 | +71.6% |
| Amounts payable after more than one year | 17 | - | €21,587 | +€21,587 | |
| Financial debts | 170/4 | - | €21,587 | +€21,587 | |
| Amounts payable within one year | 42/48 | €37,908 | €43,479 | +€5,570 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,661 | +€5,661 | |
| Trade debts | 44 | €10,998 | €12,413 | +€1,415 | +12.9% |
| Suppliers | 440/4 | €10,998 | €12,413 | +€1,415 | +12.9% |
| Taxes, remuneration and social security | 45 | €10,869 | €4,953 | -€5,916 | -54.4% |
| Taxes | 450/3 | €7,867 | €4,953 | -€2,914 | -37.0% |
| Remuneration and social security | 454/9 | €3,002 | €0 | -€3,002 | -100% |
| Other amounts payable | 47/48 | €16,041 | €20,452 | +€4,411 | +27.5% |
| Remuneration, social security and pensions | 62 | €35,778 | €0 | -€35,778 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,224 | €4,586 | +€3,362 | +275% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €60,593 | -€9,335 | -€69,928 | |
| Operating profit (loss) | 9901 | €23,591 | -€14,020 | -€37,611 | |
| Financial income | 75/76B | €0 | €46 | +€46 | +459,800% |
| Recurring financial income | 75 | €0 | €46 | +€46 | +459,800% |
| Financial charges | 65/66B | €1,445 | €745 | -€700 | -48.5% |
| Recurring financial charges | 65 | €1,445 | €745 | -€700 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €22,146 | -€14,719 | -€36,865 | |
| Income taxes | 67/77 | €4,935 | €0 | -€4,935 | -100% |
| Profit (loss) for the period | 9904 | €17,211 | -€14,719 | -€31,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,211 | -€14,719 | -€31,930 |
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 17 October 2026 via checked.be.