GHANMI: 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.
GHANMI
Largest movements
- Cash +€724
up €724 (+6.9%), from €10,497 to €11,221
mainly Net result for the year (+€1,767) and Tax, wage and social debts (+€569)
- Trade debts -€2,291
no longer reported in 2025 (was €2,291)
- Profit (loss) carried forward +€1,767
up €1,767 (+8.8%), from €20,142 to €21,909
- Tax, wage and social debts +€569
up €569 (+16.4%), from €3,469 to €4,038
- Gross operating margin -€1,497
down €1,497 (-29.0%), from €5,162 to €3,665
- Financial income -€972
no longer reported in 2025 (was €972)
- Other operating charges -€701
down €701 (-46.8%), from €1,498 to €796
- Taxes -€543
down €543 (-55.1%), from €985 to €442
- Staff costs +€281
new in 2025: €281
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 | €44,502 | €44,547 | +€45 | +0.1% |
| Fixed assets | 21/28 | €3,887 | €3,559 | -€329 | -8.5% |
| Tangible fixed assets | 22/27 | €1,187 | €859 | -€329 | -27.7% |
| Furniture and vehicles | 24 | €1,187 | €859 | -€329 | -27.7% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €40,614 | €40,988 | +€374 | +0.9% |
| Amounts receivable within one year | 40/41 | €29,962 | €29,767 | -€195 | -0.7% |
| Trade receivables | 40 | €13,717 | €13,717 | = | 0.0% |
| Other amounts receivable | 41 | €16,245 | €16,050 | -€195 | -1.2% |
| Cash at bank and in hand | 54/58 | €10,497 | €11,221 | +€724 | +6.9% |
| Deferred charges and accrued income | 490/1 | €155 | - | -€155 | |
| Total equity and liabilities | 10/49 | €44,502 | €44,547 | +€45 | +0.1% |
| Equity | 10/15 | €38,742 | €40,509 | +€1,767 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,142 | €21,909 | +€1,767 | +8.8% |
| Amounts payable | 17/49 | €5,760 | €4,038 | -€1,722 | -29.9% |
| Amounts payable within one year | 42/48 | €5,760 | €4,038 | -€1,722 | -29.9% |
| Trade debts | 44 | €2,291 | - | -€2,291 | |
| Suppliers | 440/4 | €2,291 | - | -€2,291 | |
| Taxes, remuneration and social security | 45 | €3,469 | €4,038 | +€569 | +16.4% |
| Taxes | 450/3 | €3,469 | €4,038 | +€569 | +16.4% |
| Remuneration, social security and pensions | 62 | - | €281 | +€281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €329 | -€183 | -35.8% |
| Other operating charges | 640/8 | €1,498 | €796 | -€701 | -46.8% |
| Gross operating margin | 9900 | €5,162 | €3,665 | -€1,497 | -29.0% |
| Operating profit (loss) | 9901 | €3,152 | €2,258 | -€894 | -28.4% |
| Financial income | 75/76B | €972 | - | -€972 | |
| Recurring financial income | 75 | €972 | - | -€972 | |
| Financial charges | 65/66B | €206 | €49 | -€157 | -76.0% |
| Recurring financial charges | 65 | €206 | €49 | -€157 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €3,918 | €2,209 | -€1,709 | -43.6% |
| Income taxes | 67/77 | €985 | €442 | -€543 | -55.1% |
| Profit (loss) for the period | 9904 | €2,933 | €1,767 | -€1,166 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,933 | €1,767 | -€1,166 | -39.8% |
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 13 October 2026 via checked.be.