Ghazna Bazaar: 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.
Ghazna Bazaar
Largest movements
- Receivables within one year +€286,200
up €286,200 (+30.9%), from €925,267 to €1.2m
of which Other amounts receivable: +€255,612
- Cash -€95,769
down €95,769 (-19.9%), from €482,042 to €386,272
mainly Other debts (-€575,086) and Receivables within one year (-€286,200)
- Stocks and contracts -€87,884
down €87,884 (-47.3%), from €185,841 to €97,957
- Other debts -€575,086
down €575,086 (-88.7%), from €648,061 to €72,975
- Trade debts +€360,609
up €360,609 (+41.0%), from €879,949 to €1.2m
- Profit (loss) carried forward +€221,646
up €221,646 (+125%), from €177,188 to €398,833
- Tax, wage and social debts +€102,948
up €102,948 (+130%), from €79,055 to €182,002
of which Taxes: +€84,059
- Gross operating margin +€190,645
up €190,645 (+51.7%), from €368,761 to €559,406
- Taxes +€45,343
up €45,343 (+140%), from €32,464 to €77,807
- Staff costs +€25,438
up €25,438 (+15.5%), from €164,050 to €189,488
- Depreciation +€16,590
up €16,590 (+47.7%), from €34,770 to €51,360
- Financial charges -€9,527
down €9,527 (-42.5%), from €22,395 to €12,868
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 | €1,809,275 | €1,924,406 | +€115,131 | +6.4% |
| Fixed assets | 21/28 | €210,504 | €221,781 | +€11,278 | +5.4% |
| Tangible fixed assets | 22/27 | €208,254 | €216,694 | +€8,440 | +4.1% |
| Plant, machinery and equipment | 23 | €62,585 | €54,731 | -€7,854 | -12.5% |
| Furniture and vehicles | 24 | €114,544 | €137,202 | +€22,658 | +19.8% |
| Other tangible fixed assets | 26 | €31,125 | €24,762 | -€6,364 | -20.4% |
| Financial fixed assets | 28 | €2,250 | €5,088 | +€2,838 | +126% |
| Current assets | 29/58 | €1,598,771 | €1,702,624 | +€103,853 | +6.5% |
| Stocks and contracts in progress | 3 | €185,841 | €97,957 | -€87,884 | -47.3% |
| Stocks | 30/36 | €185,841 | €97,957 | -€87,884 | -47.3% |
| Amounts receivable within one year | 40/41 | €925,267 | €1,211,467 | +€286,200 | +30.9% |
| Trade receivables | 40 | €344,419 | €375,007 | +€30,588 | +8.9% |
| Other amounts receivable | 41 | €580,848 | €836,460 | +€255,612 | +44.0% |
| Cash at bank and in hand | 54/58 | €482,042 | €386,272 | -€95,769 | -19.9% |
| Deferred charges and accrued income | 490/1 | €5,622 | €6,929 | +€1,307 | +23.3% |
| Total equity and liabilities | 10/49 | €1,809,275 | €1,924,406 | +€115,131 | +6.4% |
| Equity | 10/15 | €197,188 | €418,833 | +€221,646 | +112% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,188 | €398,833 | +€221,646 | +125% |
| Amounts payable | 17/49 | €1,612,087 | €1,505,572 | -€106,515 | -6.6% |
| Amounts payable within one year | 42/48 | €1,607,087 | €1,495,572 | -€111,515 | -6.9% |
| Financial debts | 43 | €23 | €37 | +€14 | +62.7% |
| Credit institutions | 430/8 | €23 | €37 | +€14 | +62.7% |
| Trade debts | 44 | €879,949 | €1,240,558 | +€360,609 | +41.0% |
| Suppliers | 440/4 | €879,949 | €1,240,558 | +€360,609 | +41.0% |
| Taxes, remuneration and social security | 45 | €79,055 | €182,002 | +€102,948 | +130% |
| Taxes | 450/3 | €52,254 | €136,313 | +€84,059 | +161% |
| Remuneration and social security | 454/9 | €26,801 | €45,689 | +€18,888 | +70.5% |
| Other amounts payable | 47/48 | €648,061 | €72,975 | -€575,086 | -88.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | €10,000 | +€5,000 | +100% |
| Remuneration, social security and pensions | 62 | €164,050 | €189,488 | +€25,438 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,770 | €51,360 | +€16,590 | +47.7% |
| Other operating charges | 640/8 | €12,468 | €6,683 | -€5,786 | -46.4% |
| Gross operating margin | 9900 | €368,761 | €559,406 | +€190,645 | +51.7% |
| Operating profit (loss) | 9901 | €157,473 | €311,876 | +€154,403 | +98.1% |
| Financial income | 75/76B | €453 | €444 | -€9 | -2.1% |
| Recurring financial income | 75 | €453 | €444 | -€9 | -2.1% |
| Financial charges | 65/66B | €22,395 | €12,868 | -€9,527 | -42.5% |
| Recurring financial charges | 65 | €22,395 | €12,868 | -€9,527 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €135,532 | €299,452 | +€163,921 | +121% |
| Income taxes | 67/77 | €32,464 | €77,807 | +€45,343 | +140% |
| Profit (loss) for the period | 9904 | €103,068 | €221,646 | +€118,578 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €103,068 | €221,646 | +€118,578 | +115% |
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 15 October 2026 via checked.be.