GANZ: 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.
GANZ
Largest movements
- Cash +€11,187
up €11,187 (+125.2%), from €8,934 to €20,121
mainly Net result for the year (+€10,401) and Deferred charges and accrued income (+€2,453)
- Deferred charges and accrued income -€2,453
down €2,453 (-38.7%), from €6,336 to €3,883
- Receivables within one year +€1,303
up €1,303 (+8.7%), from €14,925 to €16,228
of which Trade receivables: +€8,887
- Receivables after one year -€500
down €500 (-62.5%), from €800 to €300
- Tangible fixed assets -€496
down €496 (-24.3%), from €2,039 to €1,543
- Reserves +€10,401
up €10,401 (+50.8%), from €20,466 to €30,868
- Current portion of long-term debt -€2,518
down €2,518 (-59.7%), from €4,216 to €1,698
- Tax, wage and social debts +€1,350
up €1,350 (+90.0%), from €1,500 to €2,850
- Gross operating margin -€14,597
down €14,597 (-50.1%), from €29,134 to €14,537
- Write-downs -€7,891
down €7,891, from €5,864 to -€2,028
- Other operating charges -€3,815
down €3,815 (-83.4%), from €4,575 to €760
- Taxes -€790
down €790 (-15.2%), from €5,192 to €4,402
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 | €33,033 | €42,074 | +€9,040 | +27.4% |
| Fixed assets | 21/28 | €2,039 | €1,543 | -€496 | -24.3% |
| Tangible fixed assets | 22/27 | €2,039 | €1,543 | -€496 | -24.3% |
| Furniture and vehicles | 24 | €2,039 | €1,543 | -€496 | -24.3% |
| Current assets | 29/58 | €30,995 | €40,531 | +€9,536 | +30.8% |
| Amounts receivable after more than one year | 29 | €800 | €300 | -€500 | -62.5% |
| Other amounts receivable | 291 | €800 | €300 | -€500 | -62.5% |
| Amounts receivable within one year | 40/41 | €14,925 | €16,228 | +€1,303 | +8.7% |
| Trade receivables | 40 | €1,244 | €10,131 | +€8,887 | +714.6% |
| Other amounts receivable | 41 | €13,681 | €6,096 | -€7,585 | -55.4% |
| Cash at bank and in hand | 54/58 | €8,934 | €20,121 | +€11,187 | +125.2% |
| Deferred charges and accrued income | 490/1 | €6,336 | €3,883 | -€2,453 | -38.7% |
| Total equity and liabilities | 10/49 | €33,033 | €42,074 | +€9,040 | +27.4% |
| Equity | 10/15 | €26,666 | €37,068 | +€10,401 | +39.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,466 | €30,868 | +€10,401 | +50.8% |
| Distributable reserves | 133 | €20,466 | €30,868 | +€10,401 | +50.8% |
| Amounts payable | 17/49 | €6,367 | €5,006 | -€1,361 | -21.4% |
| Amounts payable within one year | 42/48 | €6,367 | €5,006 | -€1,361 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €4,216 | €1,698 | -€2,518 | -59.7% |
| Trade debts | 44 | €651 | €458 | -€193 | -29.7% |
| Suppliers | 440/4 | €651 | €458 | -€193 | -29.7% |
| Taxes, remuneration and social security | 45 | €1,500 | €2,850 | +€1,350 | +90.0% |
| Taxes | 450/3 | €1,500 | €2,850 | +€1,350 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €496 | +€55 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,864 | -€2,028 | -€7,891 | |
| Other operating charges | 640/8 | €4,575 | €760 | -€3,815 | -83.4% |
| Gross operating margin | 9900 | €29,134 | €14,537 | -€14,597 | -50.1% |
| Operating profit (loss) | 9901 | €18,254 | €15,308 | -€2,946 | -16.1% |
| Financial income | 75/76B | €452 | €344 | -€107 | -23.8% |
| Recurring financial income | 75 | €452 | €344 | -€107 | -23.8% |
| Financial charges | 65/66B | €894 | €848 | -€45 | -5.1% |
| Recurring financial charges | 65 | €894 | €848 | -€45 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €17,812 | €14,804 | -€3,008 | -16.9% |
| Income taxes | 67/77 | €5,192 | €4,402 | -€790 | -15.2% |
| Profit (loss) for the period | 9904 | €12,620 | €10,401 | -€2,219 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,620 | €10,401 | -€2,219 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.