GHANYA: 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.
GHANYA
Largest movements
- Current investments +€46,310
up €46,310 (+15.1%), from €306,575 to €352,885
- Receivables within one year -€26,562
down €26,562 (-29.2%), from €91,084 to €64,522
- Profit (loss) carried forward +€40,537
up €40,537 (+13.1%), from €308,367 to €348,903
- Tax, wage and social debts -€18,024
down €18,024 (-77.8%), from €23,169 to €5,145
- Gross operating margin -€38,276
down €38,276 (-31.7%), from €120,679 to €82,404
- Taxes -€4,296
down €4,296 (-15.6%), from €27,548 to €23,252
- Other operating charges +€2,024
up €2,024 (+262%), from €772 to €2,796
- Financial charges -€1,466
down €1,466 (-73.5%), from €1,996 to €530
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 | €411,649 | €434,479 | +€22,831 | +5.5% |
| Fixed assets | 21/28 | €551 | €263 | -€287 | -52.2% |
| Tangible fixed assets | 22/27 | €551 | €263 | -€287 | -52.2% |
| Furniture and vehicles | 24 | €551 | €263 | -€287 | -52.2% |
| Current assets | 29/58 | €411,098 | €434,216 | +€23,118 | +5.6% |
| Amounts receivable within one year | 40/41 | €91,084 | €64,522 | -€26,562 | -29.2% |
| Other amounts receivable | 41 | €91,084 | €64,522 | -€26,562 | -29.2% |
| Current investments | 50/53 | €306,575 | €352,885 | +€46,310 | +15.1% |
| Cash at bank and in hand | 54/58 | €3,673 | €4,214 | +€541 | +14.7% |
| Deferred charges and accrued income | 490/1 | €9,766 | €12,596 | +€2,830 | +29.0% |
| Total equity and liabilities | 10/49 | €411,649 | €434,479 | +€22,831 | +5.5% |
| Equity | 10/15 | €375,627 | €416,163 | +€40,537 | +10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €54,860 | €54,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,367 | €348,903 | +€40,537 | +13.1% |
| Amounts payable | 17/49 | €36,022 | €18,316 | -€17,706 | -49.2% |
| Amounts payable within one year | 42/48 | €36,022 | €17,816 | -€18,206 | -50.5% |
| Financial debts | 43 | €12,853 | €12,000 | -€853 | -6.6% |
| Credit institutions | 430/8 | €12,853 | €12,000 | -€853 | -6.6% |
| Trade debts | 44 | - | €671 | +€671 | |
| Suppliers | 440/4 | - | €671 | +€671 | |
| Taxes, remuneration and social security | 45 | €23,169 | €5,145 | -€18,024 | -77.8% |
| Taxes | 450/3 | €23,169 | €5,145 | -€18,024 | -77.8% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | €45,471 | €0 | -€45,471 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €287 | = | 0.0% |
| Other operating charges | 640/8 | €772 | €2,796 | +€2,024 | +262% |
| Non-recurring operating charges | 66A | €313 | €0 | -€313 | -100% |
| Gross operating margin | 9900 | €120,679 | €82,404 | -€38,276 | -31.7% |
| Operating profit (loss) | 9901 | €119,308 | €79,320 | -€39,988 | -33.5% |
| Financial income | 75/76B | €1,674 | €2,148 | +€475 | +28.4% |
| Recurring financial income | 75 | €1,674 | €2,148 | +€475 | +28.4% |
| Financial charges | 65/66B | €1,996 | €530 | -€1,466 | -73.5% |
| Recurring financial charges | 65 | €1,996 | €530 | -€1,466 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €118,985 | €80,938 | -€38,047 | -32.0% |
| Income taxes | 67/77 | €27,548 | €23,252 | -€4,296 | -15.6% |
| Profit (loss) for the period | 9904 | €91,437 | €57,687 | -€33,750 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,437 | €57,687 | -€33,750 | -36.9% |
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 16 October 2026 via checked.be.