GANNON: 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.
GANNON
Largest movements
- Cash -€52,316
down €52,316 (-57.0%), from €91,860 to €39,544
mainly Other debts (-€38,998) and Receivables within one year (-€18,147)
- Receivables within one year +€18,147
up €18,147 (+4908.6%), from €370 to €18,517
- Tangible fixed assets -€11,896
down €11,896 (-2.8%), from €422,832 to €410,935
- Other debts -€38,998
no longer reported in 2025 (was €38,998)
- Financial charges -€191,666
down €191,666 (-99.9%), from €191,820 to €154
of which Non-recurring financial charges: -€188,333
- Other operating charges +€669
up €669 (+25.5%), from €2,623 to €3,292
- Depreciation +€326
up €326 (+1.7%), from €19,107 to €19,433
- Financial income -€299
down €299 (-34.9%), from €858 to €559
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 | €515,931 | €470,293 | -€45,638 | -8.8% |
| Fixed assets | 21/28 | €422,832 | €410,935 | -€11,896 | -2.8% |
| Tangible fixed assets | 22/27 | €422,832 | €410,935 | -€11,896 | -2.8% |
| Land and buildings | 22 | €422,832 | €410,935 | -€11,896 | -2.8% |
| Current assets | 29/58 | €93,099 | €59,357 | -€33,742 | -36.2% |
| Amounts receivable within one year | 40/41 | €370 | €18,517 | +€18,147 | +4908.6% |
| Other amounts receivable | 41 | €370 | €18,517 | +€18,147 | +4908.6% |
| Cash at bank and in hand | 54/58 | €91,860 | €39,544 | -€52,316 | -57.0% |
| Deferred charges and accrued income | 490/1 | €869 | €1,297 | +€427 | +49.1% |
| Total equity and liabilities | 10/49 | €515,931 | €470,293 | -€45,638 | -8.8% |
| Equity | 10/15 | €456,916 | €454,652 | -€2,264 | -0.5% |
| Contributions | 10/11 | €258,200 | €258,200 | = | 0.0% |
| Capital | 10 | €258,200 | €258,200 | = | 0.0% |
| Issued capital | 100 | €258,200 | €258,200 | = | 0.0% |
| Reserves | 13 | €387,735 | €385,471 | -€2,264 | -0.6% |
| Non-distributable reserves | 130/1 | €324,496 | €325,745 | +€1,250 | +0.4% |
| Legal reserve | 130 | €24,471 | €24,471 | = | 0.0% |
| Other | 1319 | €300,025 | €301,275 | +€1,250 | +0.4% |
| Tax-exempt reserves | 132 | €63,239 | €59,726 | -€3,513 | -5.6% |
| Profit (loss) carried forward | 14 | -€189,019 | -€189,019 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,810 | €14,931 | -€878 | -5.6% |
| Deferred taxes | 168 | €15,810 | €14,931 | -€878 | -5.6% |
| Amounts payable | 17/49 | €43,205 | €709 | -€42,496 | -98.4% |
| Amounts payable within one year | 42/48 | €39,905 | €709 | -€39,197 | -98.2% |
| Trade debts | 44 | €744 | €657 | -€87 | -11.7% |
| Suppliers | 440/4 | €744 | €657 | -€87 | -11.7% |
| Taxes, remuneration and social security | 45 | €164 | €52 | -€112 | -68.3% |
| Taxes | 450/3 | €164 | €52 | -€112 | -68.3% |
| Other amounts payable | 47/48 | €38,998 | - | -€38,998 | |
| Accrued charges and deferred income | 492/3 | €3,299 | - | -€3,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,107 | €19,433 | +€326 | +1.7% |
| Other operating charges | 640/8 | €2,623 | €3,292 | +€669 | +25.5% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €19,645 | €19,531 | -€115 | -0.6% |
| Operating profit (loss) | 9901 | -€2,211 | -€3,195 | -€984 | -44.5% |
| Financial income | 75/76B | €858 | €559 | -€299 | -34.9% |
| Recurring financial income | 75 | €858 | €559 | -€299 | -34.9% |
| Financial charges | 65/66B | €191,820 | €154 | -€191,666 | -99.9% |
| Recurring financial charges | 65 | €3,487 | €154 | -€3,333 | -95.6% |
| Non-recurring financial charges | 66B | €188,333 | - | -€188,333 | |
| Profit (loss) for the period before taxes | 9903 | -€193,172 | -€2,789 | +€190,383 | +98.6% |
| Transfer from deferred taxes | 780 | €878 | €878 | = | 0.0% |
| Income taxes | 67/77 | €238 | €352 | +€115 | +48.2% |
| Profit (loss) for the period | 9904 | -€192,532 | -€2,264 | +€190,268 | +98.8% |
| Transfer from tax-exempt reserves | 789 | €3,513 | €3,513 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€189,019 | €1,250 | +€190,268 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.