GHAZNIWAL: 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.
GHAZNIWAL
Largest movements
- Stocks and contracts +€113,522
up €113,522 (+37.3%), from €304,726 to €418,248
- Receivables within one year +€90,044
up €90,044 (+54.7%), from €164,552 to €254,596
of which Trade receivables: +€85,050
- Cash +€21,239
up €21,239 (+41.4%), from €51,352 to €72,590
mainly Trade debts (+€200,984) and Net result for the year (+€37,288)
- Trade debts +€200,984
up €200,984 (+50.8%), from €395,306 to €596,290
- Profit (loss) carried forward +€37,288
up €37,288 (+46.6%), from €80,002 to €117,290
- Gross operating margin +€26,133
up €26,133 (+17.0%), from €153,931 to €180,065
- Staff costs +€16,080
up €16,080 (+19.6%), from €82,088 to €98,168
- Other operating charges +€12,040
up €12,040 (+134%), from €8,978 to €21,017
- Financial charges +€4,025
up €4,025 (+88.0%), from €4,573 to €8,598
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 | €536,715 | €765,395 | +€228,680 | +42.6% |
| Fixed assets | 21/28 | €15,682 | €15,415 | -€267 | -1.7% |
| Tangible fixed assets | 22/27 | €8,238 | €10,915 | +€2,676 | +32.5% |
| Plant, machinery and equipment | 23 | €8,238 | €6,567 | -€1,671 | -20.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €4,347 | +€4,347 | |
| Financial fixed assets | 28 | €7,443 | €4,500 | -€2,943 | -39.5% |
| Current assets | 29/58 | €521,033 | €749,980 | +€228,947 | +43.9% |
| Stocks and contracts in progress | 3 | €304,726 | €418,248 | +€113,522 | +37.3% |
| Stocks | 30/36 | €304,726 | €418,248 | +€113,522 | +37.3% |
| Amounts receivable within one year | 40/41 | €164,552 | €254,596 | +€90,044 | +54.7% |
| Trade receivables | 40 | €164,454 | €249,504 | +€85,050 | +51.7% |
| Other amounts receivable | 41 | €98 | €5,092 | +€4,994 | +5,101% |
| Cash at bank and in hand | 54/58 | €51,352 | €72,590 | +€21,239 | +41.4% |
| Deferred charges and accrued income | 490/1 | €404 | €4,546 | +€4,142 | +1,027% |
| Total equity and liabilities | 10/49 | €536,715 | €765,395 | +€228,680 | +42.6% |
| Equity | 10/15 | €90,002 | €127,290 | +€37,288 | +41.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,002 | €117,290 | +€37,288 | +46.6% |
| Amounts payable | 17/49 | €446,713 | €638,105 | +€191,392 | +42.8% |
| Amounts payable within one year | 42/48 | €446,713 | €638,105 | +€191,392 | +42.8% |
| Trade debts | 44 | €395,306 | €596,290 | +€200,984 | +50.8% |
| Suppliers | 440/4 | €395,306 | €596,290 | +€200,984 | +50.8% |
| Taxes, remuneration and social security | 45 | €47,720 | €41,815 | -€5,905 | -12.4% |
| Taxes | 450/3 | €21,285 | €32,157 | +€10,872 | +51.1% |
| Remuneration and social security | 454/9 | €26,435 | €9,658 | -€16,777 | -63.5% |
| Other amounts payable | 47/48 | €3,687 | €0 | -€3,687 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €82,088 | €98,168 | +€16,080 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,991 | €2,324 | +€333 | +16.7% |
| Other operating charges | 640/8 | €8,978 | €21,017 | +€12,040 | +134% |
| Gross operating margin | 9900 | €153,931 | €180,065 | +€26,133 | +17.0% |
| Operating profit (loss) | 9901 | €60,875 | €58,555 | -€2,320 | -3.8% |
| Financial income | 75/76B | €40 | €162 | +€122 | +302% |
| Recurring financial income | 75 | €40 | €162 | +€122 | +302% |
| Financial charges | 65/66B | €4,573 | €8,598 | +€4,025 | +88.0% |
| Recurring financial charges | 65 | €4,573 | €8,598 | +€4,025 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | €56,343 | €50,120 | -€6,223 | -11.0% |
| Income taxes | 67/77 | €12,212 | €12,831 | +€619 | +5.1% |
| Profit (loss) for the period | 9904 | €44,131 | €37,288 | -€6,842 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,131 | €37,288 | -€6,842 | -15.5% |
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 26 October 2026 via checked.be.