GHAZNAVIYAN: 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.
GHAZNAVIYAN
Largest movements
- Receivables within one year +€58,970
up €58,970 (+265%), from €22,219 to €81,189
of which Trade receivables: +€80,580
- Stocks and contracts +€23,561
up €23,561 (+70.3%), from €33,530 to €57,091
- Financial fixed assets +€2,100
up €2,100 (+117%), from €1,800 to €3,900
- Other debts +€40,201
new in 2024: €40,201
- Profit (loss) carried forward +€19,095
up €19,095 (+70.4%), from €27,129 to €46,224
- Tax, wage and social debts +€13,358
up €13,358 (+161%), from €8,306 to €21,664
of which Taxes: +€7,032
- Debts after one year +€8,000
new in 2024: €8,000
- Trade debts +€1,871
up €1,871 (+4.8%), from €39,223 to €41,094
- Staff costs +€34,660
up €34,660 (+230%), from €15,100 to €49,760
- Gross operating margin +€32,365
up €32,365 (+56.8%), from €56,970 to €89,335
- Other operating charges +€3,405
up €3,405 (+880%), from €387 to €3,792
- Financial charges +€2,614
up €2,614 (+40.1%), from €6,515 to €9,129
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,658 | €157,182 | +€82,524 | +111% |
| Fixed assets | 21/28 | €7,745 | €8,445 | +€700 | +9.0% |
| Tangible fixed assets | 22/27 | €5,945 | €4,545 | -€1,400 | -23.5% |
| Furniture and vehicles | 24 | €5,945 | €4,545 | -€1,400 | -23.5% |
| Financial fixed assets | 28 | €1,800 | €3,900 | +€2,100 | +117% |
| Current assets | 29/58 | €66,913 | €148,737 | +€81,824 | +122% |
| Stocks and contracts in progress | 3 | €33,530 | €57,091 | +€23,561 | +70.3% |
| Stocks | 30/36 | €33,530 | €57,091 | +€23,561 | +70.3% |
| Amounts receivable within one year | 40/41 | €22,219 | €81,189 | +€58,970 | +265% |
| Trade receivables | 40 | - | €80,580 | +€80,580 | |
| Other amounts receivable | 41 | €22,219 | €609 | -€21,610 | -97.3% |
| Cash at bank and in hand | 54/58 | €11,163 | €10,457 | -€706 | -6.3% |
| Total equity and liabilities | 10/49 | €74,658 | €157,182 | +€82,524 | +111% |
| Equity | 10/15 | €27,129 | €46,224 | +€19,095 | +70.4% |
| Profit (loss) carried forward | 14 | €27,129 | €46,224 | +€19,095 | +70.4% |
| Amounts payable | 17/49 | €47,529 | €110,958 | +€63,429 | +133% |
| Amounts payable after more than one year | 17 | - | €8,000 | +€8,000 | |
| Financial debts | 170/4 | - | €8,000 | +€8,000 | |
| Amounts payable within one year | 42/48 | €47,529 | €102,958 | +€55,429 | +117% |
| Trade debts | 44 | €39,223 | €41,094 | +€1,871 | +4.8% |
| Suppliers | 440/4 | €39,223 | €41,094 | +€1,871 | +4.8% |
| Taxes, remuneration and social security | 45 | €8,306 | €21,664 | +€13,358 | +161% |
| Taxes | 450/3 | €6,782 | €13,814 | +€7,032 | +104% |
| Remuneration and social security | 454/9 | €1,524 | €7,849 | +€6,326 | +415% |
| Other amounts payable | 47/48 | - | €40,201 | +€40,201 | |
| Remuneration, social security and pensions | 62 | €15,100 | €49,760 | +€34,660 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €1,400 | +€345 | +32.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3 | - | -€3 | |
| Other operating charges | 640/8 | €387 | €3,792 | +€3,405 | +880% |
| Gross operating margin | 9900 | €56,970 | €89,335 | +€32,365 | +56.8% |
| Operating profit (loss) | 9901 | €40,426 | €34,383 | -€6,043 | -14.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,515 | €9,129 | +€2,614 | +40.1% |
| Recurring financial charges | 65 | €6,515 | €9,129 | +€2,614 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €33,911 | €25,255 | -€8,656 | -25.5% |
| Income taxes | 67/77 | €6,782 | €6,159 | -€623 | -9.2% |
| Profit (loss) for the period | 9904 | €27,129 | €19,095 | -€8,034 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,129 | €19,095 | -€8,034 | -29.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.