De Ghein Management: 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.
De Ghein Management
Largest movements
- Cash +€118,269
up €118,269 (+381%), from €31,049 to €149,318
mainly Net result for the year (+€101,997) and Tax, wage and social debts (+€23,725)
- Tangible fixed assets +€9,150
up €9,150 (+1,119%), from €818 to €9,968
- Receivables within one year +€4,042
up €4,042 (+21.9%), from €18,462 to €22,505
of which Trade receivables: +€6,024
- Deferred charges and accrued income +€2,083
new in 2025: €2,083
- Profit (loss) carried forward +€101,997
up €101,997 (+410%), from €24,847 to €126,844
- Tax, wage and social debts +€23,725
up €23,725 (+150%), from €15,778 to €39,503
- Other debts +€5,975
up €5,975 (+419%), from €1,424 to €7,399
- Trade debts +€2,334
up €2,334 (+238%), from €980 to €3,314
- Gross operating margin +€100,011
up €100,011 (+308%), from €32,419 to €132,430
- Taxes +€22,752
up €22,752 (+342%), from €6,651 to €29,403
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 | €50,329 | €183,873 | +€133,544 | +265% |
| Fixed assets | 21/28 | €818 | €9,968 | +€9,150 | +1,119% |
| Tangible fixed assets | 22/27 | €818 | €9,968 | +€9,150 | +1,119% |
| Furniture and vehicles | 24 | €818 | €9,968 | +€9,150 | +1,119% |
| Current assets | 29/58 | €49,511 | €173,905 | +€124,394 | +251% |
| Amounts receivable within one year | 40/41 | €18,462 | €22,505 | +€4,042 | +21.9% |
| Trade receivables | 40 | €16,481 | €22,505 | +€6,024 | +36.6% |
| Other amounts receivable | 41 | €1,982 | - | -€1,982 | |
| Cash at bank and in hand | 54/58 | €31,049 | €149,318 | +€118,269 | +381% |
| Deferred charges and accrued income | 490/1 | - | €2,083 | +€2,083 | |
| Total equity and liabilities | 10/49 | €50,329 | €183,873 | +€133,544 | +265% |
| Equity | 10/15 | €31,347 | €133,344 | +€101,997 | +325% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,847 | €126,844 | +€101,997 | +410% |
| Amounts payable | 17/49 | €18,982 | €50,529 | +€31,547 | +166% |
| Amounts payable within one year | 42/48 | €18,182 | €50,216 | +€32,034 | +176% |
| Trade debts | 44 | €980 | €3,314 | +€2,334 | +238% |
| Suppliers | 440/4 | €980 | €3,314 | +€2,334 | +238% |
| Taxes, remuneration and social security | 45 | €15,778 | €39,503 | +€23,725 | +150% |
| Taxes | 450/3 | €15,778 | €39,503 | +€23,725 | +150% |
| Other amounts payable | 47/48 | €1,424 | €7,399 | +€5,975 | +419% |
| Accrued charges and deferred income | 492/3 | €800 | €312 | -€487 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52 | €395 | +€342 | +652% |
| Other operating charges | 640/8 | €666 | €375 | -€291 | -43.7% |
| Gross operating margin | 9900 | €32,419 | €132,430 | +€100,011 | +308% |
| Operating profit (loss) | 9901 | €31,701 | €131,661 | +€99,960 | +315% |
| Financial income | 75/76B | - | €116 | +€116 | |
| Recurring financial income | 75 | - | €116 | +€116 | |
| Financial charges | 65/66B | €202 | €376 | +€174 | +86.5% |
| Recurring financial charges | 65 | €202 | €376 | +€174 | +86.5% |
| Profit (loss) for the period before taxes | 9903 | €31,499 | €131,400 | +€99,901 | +317% |
| Income taxes | 67/77 | €6,651 | €29,403 | +€22,752 | +342% |
| Profit (loss) for the period | 9904 | €24,847 | €101,997 | +€77,149 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €24,847 | €101,997 | +€77,149 | +310% |
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 28 October 2026 via checked.be.