GANZEBULKEN: 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.
GANZEBULKEN
Largest movements
- Tangible fixed assets +€78,218
up €78,218 (+15.5%), from €505,840 to €584,058
- Cash -€38,538
down €38,538 (-63.4%), from €60,759 to €22,221
mainly Other debts (-€196,907) and Debts after one year (-€147,500)
- Receivables within one year +€13,758
up €13,758 (+34.4%), from €40,000 to €53,758
of which Other amounts receivable: +€13,758
- Current portion of long-term debt +€390,000
new in 2025: €390,000
- Other debts -€196,907
down €196,907 (-98.5%), from €200,000 to €3,093
- Debts after one year -€147,500
down €147,500 (-37.8%), from €390,000 to €242,500
- Profit (loss) carried forward +€10,129
up €10,129 (+11.8%), from -€86,197 to -€76,068
- Financial charges -€2,585
down €2,585 (-11.2%), from €23,057 to €20,472
- Depreciation +€1,346
up €1,346 (+31.8%), from €4,239 to €5,586
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 | €606,599 | €660,037 | +€53,438 | +8.8% |
| Fixed assets | 21/28 | €505,840 | €584,058 | +€78,218 | +15.5% |
| Tangible fixed assets | 22/27 | €505,840 | €584,058 | +€78,218 | +15.5% |
| Land and buildings | 22 | €505,840 | €584,058 | +€78,218 | +15.5% |
| Current assets | 29/58 | €100,759 | €75,979 | -€24,780 | -24.6% |
| Amounts receivable within one year | 40/41 | €40,000 | €53,758 | +€13,758 | +34.4% |
| Trade receivables | 40 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €13,758 | +€13,758 | |
| Cash at bank and in hand | 54/58 | €60,759 | €22,221 | -€38,538 | -63.4% |
| Total equity and liabilities | 10/49 | €606,599 | €660,037 | +€53,438 | +8.8% |
| Equity | 10/15 | €13,803 | €23,932 | +€10,129 | +73.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,197 | -€76,068 | +€10,129 | +11.8% |
| Amounts payable | 17/49 | €592,796 | €636,105 | +€43,309 | +7.3% |
| Amounts payable after more than one year | 17 | €390,000 | €242,500 | -€147,500 | -37.8% |
| Financial debts | 170/4 | €390,000 | €242,500 | -€147,500 | -37.8% |
| Amounts payable within one year | 42/48 | €200,299 | €393,605 | +€193,306 | +96.5% |
| Current portion of amounts payable after more than one year | 42 | - | €390,000 | +€390,000 | |
| Trade debts | 44 | €299 | €513 | +€213 | +71.1% |
| Suppliers | 440/4 | €299 | €513 | +€213 | +71.1% |
| Other amounts payable | 47/48 | €200,000 | €3,093 | -€196,907 | -98.5% |
| Accrued charges and deferred income | 492/3 | €2,497 | €0 | -€2,497 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,239 | €5,586 | +€1,346 | +31.8% |
| Other operating charges | 640/8 | €613 | €782 | +€169 | +27.5% |
| Gross operating margin | 9900 | €36,686 | €36,968 | +€282 | +0.8% |
| Operating profit (loss) | 9901 | €31,833 | €30,601 | -€1,233 | -3.9% |
| Financial charges | 65/66B | €23,057 | €20,472 | -€2,585 | -11.2% |
| Recurring financial charges | 65 | €23,057 | €20,472 | -€2,585 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €8,776 | €10,129 | +€1,352 | +15.4% |
| Profit (loss) for the period | 9904 | €8,776 | €10,129 | +€1,352 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,776 | €10,129 | +€1,352 | +15.4% |
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 19 October 2026 via checked.be.