CGHSN: 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.
CGHSN
Largest movements
- Cash +€39,912
up €39,912 (+258%), from €15,446 to €55,358
mainly Net result for the year (+€76,985) and Depreciation (+€8,261)
- Receivables within one year +€18,171
up €18,171 (+91.7%), from €19,811 to €37,982
- Profit (loss) carried forward +€76,985
up €76,985 (+447%), from €17,221 to €94,206
- Other debts -€21,922
down €21,922 (-58.1%), from €37,719 to €15,797
- Tax, wage and social debts +€2,656
up €2,656 (+52.5%), from €5,055 to €7,711
- Gross operating margin +€83,849
up €83,849 (+356%), from €23,560 to €107,408
- Taxes +€16,671
up €16,671 (+358%), from €4,655 to €21,326
- Depreciation +€7,338
up €7,338 (+796%), from €922 to €8,261
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 | €62,318 | €121,049 | +€58,731 | +94.2% |
| Fixed assets | 21/28 | €26,078 | €26,582 | +€505 | +1.9% |
| Tangible fixed assets | 22/27 | €26,078 | €26,582 | +€505 | +1.9% |
| Furniture and vehicles | 24 | €26,078 | €26,582 | +€505 | +1.9% |
| Current assets | 29/58 | €36,240 | €94,467 | +€58,227 | +161% |
| Amounts receivable within one year | 40/41 | €19,811 | €37,982 | +€18,171 | +91.7% |
| Trade receivables | 40 | €19,811 | €37,982 | +€18,171 | +91.7% |
| Cash at bank and in hand | 54/58 | €15,446 | €55,358 | +€39,912 | +258% |
| Deferred charges and accrued income | 490/1 | €983 | €1,127 | +€144 | +14.6% |
| Total equity and liabilities | 10/49 | €62,318 | €121,049 | +€58,731 | +94.2% |
| Equity | 10/15 | €19,221 | €96,206 | +€76,985 | +401% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,221 | €94,206 | +€76,985 | +447% |
| Amounts payable | 17/49 | €43,097 | €24,843 | -€18,254 | -42.4% |
| Amounts payable within one year | 42/48 | €43,097 | €24,843 | -€18,254 | -42.4% |
| Trade debts | 44 | €323 | €1,336 | +€1,013 | +313% |
| Suppliers | 440/4 | €323 | €1,336 | +€1,013 | +313% |
| Taxes, remuneration and social security | 45 | €5,055 | €7,711 | +€2,656 | +52.5% |
| Taxes | 450/3 | €5,055 | €7,711 | +€2,656 | +52.5% |
| Other amounts payable | 47/48 | €37,719 | €15,797 | -€21,922 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | €8,261 | +€7,338 | +796% |
| Other operating charges | 640/8 | €743 | €497 | -€245 | -33.0% |
| Gross operating margin | 9900 | €23,560 | €107,408 | +€83,849 | +356% |
| Operating profit (loss) | 9901 | €21,895 | €98,650 | +€76,756 | +351% |
| Financial charges | 65/66B | €19 | €339 | +€320 | +1,686% |
| Recurring financial charges | 65 | €19 | €339 | +€320 | +1,686% |
| Profit (loss) for the period before taxes | 9903 | €21,876 | €98,311 | +€76,435 | +349% |
| Income taxes | 67/77 | €4,655 | €21,326 | +€16,671 | +358% |
| Profit (loss) for the period | 9904 | €17,221 | €76,985 | +€59,764 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €17,221 | €76,985 | +€59,764 | +347% |
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.