GANO: 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.
GANO
Largest movements
- Cash -€37,874
down €37,874 (-94.8%), from €39,952 to €2,078
mainly Net result for the year (-€34,756) and Receivables within one year (-€5,702)
- Stocks and contracts -€9,705
down €9,705 (-22.2%), from €43,725 to €34,020
- Receivables within one year +€5,702
up €5,702 (+40.8%), from €13,962 to €19,664
of which Trade receivables: +€13,285
- Profit (loss) carried forward -€34,756
down €34,756 (-42.0%), from -€82,703 to -€117,459
- Tax, wage and social debts -€5,648
down €5,648 (-93.0%), from €6,071 to €423
- Other debts -€5,350
down €5,350 (-100%), from €5,350 to €0
- Debts after one year +€3,173
up €3,173 (+2.4%), from €132,573 to €135,746
of which Other amounts payable: +€15,524
- Gross operating margin +€102,972
up €102,972 (+76.4%), from -€134,759 to -€31,787
- Financial charges -€2,403
down €2,403 (-52.6%), from €4,566 to €2,163
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,845 | €55,762 | -€42,083 | -43.0% |
| Fixed assets | 21/28 | €206 | €0 | -€206 | -100% |
| Tangible fixed assets | 22/27 | €206 | €0 | -€206 | -100% |
| Furniture and vehicles | 24 | €206 | €0 | -€206 | -100% |
| Current assets | 29/58 | €97,639 | €55,762 | -€41,877 | -42.9% |
| Stocks and contracts in progress | 3 | €43,725 | €34,020 | -€9,705 | -22.2% |
| Stocks | 30/36 | €43,725 | €34,020 | -€9,705 | -22.2% |
| Amounts receivable within one year | 40/41 | €13,962 | €19,664 | +€5,702 | +40.8% |
| Trade receivables | 40 | €6,379 | €19,664 | +€13,285 | +208% |
| Other amounts receivable | 41 | €7,583 | €0 | -€7,583 | -100% |
| Cash at bank and in hand | 54/58 | €39,952 | €2,078 | -€37,874 | -94.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €97,845 | €55,762 | -€42,083 | -43.0% |
| Equity | 10/15 | -€64,103 | -€98,859 | -€34,756 | -54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€82,703 | -€117,459 | -€34,756 | -42.0% |
| Amounts payable | 17/49 | €161,949 | €154,621 | -€7,328 | -4.5% |
| Amounts payable after more than one year | 17 | €132,573 | €135,746 | +€3,173 | +2.4% |
| Financial debts | 170/4 | €37,178 | €24,826 | -€12,351 | -33.2% |
| Other amounts payable | 178/9 | €95,395 | €110,920 | +€15,524 | +16.3% |
| Amounts payable within one year | 42/48 | €28,061 | €17,875 | -€10,186 | -36.3% |
| Trade debts | 44 | €16,640 | €17,452 | +€812 | +4.9% |
| Suppliers | 440/4 | €16,640 | €17,452 | +€812 | +4.9% |
| Taxes, remuneration and social security | 45 | €6,071 | €423 | -€5,648 | -93.0% |
| Taxes | 450/3 | €6,071 | €423 | -€5,648 | -93.0% |
| Other amounts payable | 47/48 | €5,350 | €0 | -€5,350 | -100% |
| Accrued charges and deferred income | 492/3 | €1,315 | €1,000 | -€315 | -23.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212 | €206 | -€5 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €430 | €616 | +€186 | +43.4% |
| Gross operating margin | 9900 | -€134,759 | -€31,787 | +€102,972 | +76.4% |
| Operating profit (loss) | 9901 | -€135,401 | -€32,610 | +€102,791 | +75.9% |
| Financial income | 75/76B | €0 | €18 | +€17 | +19,433% |
| Recurring financial income | 75 | €0 | €18 | +€17 | +19,433% |
| Financial charges | 65/66B | €4,566 | €2,163 | -€2,403 | -52.6% |
| Recurring financial charges | 65 | €4,566 | €2,163 | -€2,403 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€139,967 | -€34,756 | +€105,211 | +75.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€139,967 | -€34,756 | +€105,211 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,967 | -€34,756 | +€105,211 | +75.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.