DR GAETANE GHION: what changed
DR GAETANE GHION
Largest movements
- Current investments +€84,500
up €84,500 (+147%), from €57,500 to €142,000
- Receivables within one year -€12,685
down €12,685 (-95.4%), from €13,302 to €617
- Cash +€5,158
up €5,158 (+28.9%), from €17,836 to €22,994
mainly Net result for the year (+€63,110) and Tax, wage and social debts (+€17,891)
- Tangible fixed assets +€3,934
up €3,934 (+767%), from €513 to €4,448
of which Other tangible fixed assets: +€4,186
- Profit (loss) carried forward +€63,110
up €63,110 (+95.5%), from €66,061 to €129,171
- Tax, wage and social debts +€17,891
up €17,891 (+95.3%), from €18,779 to €36,670
- Financial charges +€30,129
up €30,129 (+11,044%), from €273 to €30,402
- Gross operating margin +€26,320
up €26,320 (+31.1%), from €84,631 to €110,951
- Financial income +€1,175
up €1,175 (+528%), from €222 to €1,397
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,827 | €171,652 | +€81,824 | +91.1% |
| Fixed assets | 21/28 | €513 | €4,448 | +€3,934 | +767% |
| Tangible fixed assets | 22/27 | €513 | €4,448 | +€3,934 | +767% |
| Plant, machinery and equipment | 23 | €513 | €262 | -€251 | -49.0% |
| Other tangible fixed assets | 26 | - | €4,186 | +€4,186 | |
| Current assets | 29/58 | €89,314 | €167,204 | +€77,890 | +87.2% |
| Amounts receivable within one year | 40/41 | €13,302 | €617 | -€12,685 | -95.4% |
| Other amounts receivable | 41 | €13,302 | €617 | -€12,685 | -95.4% |
| Current investments | 50/53 | €57,500 | €142,000 | +€84,500 | +147% |
| Cash at bank and in hand | 54/58 | €17,836 | €22,994 | +€5,158 | +28.9% |
| Deferred charges and accrued income | 490/1 | €676 | €1,593 | +€917 | +136% |
| Total equity and liabilities | 10/49 | €89,827 | €171,652 | +€81,824 | +91.1% |
| Equity | 10/15 | €70,061 | €133,171 | +€63,110 | +90.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,061 | €129,171 | +€63,110 | +95.5% |
| Amounts payable | 17/49 | €19,766 | €38,480 | +€18,714 | +94.7% |
| Amounts payable within one year | 42/48 | €19,766 | €38,480 | +€18,714 | +94.7% |
| Trade debts | 44 | €987 | €1,811 | +€823 | +83.4% |
| Suppliers | 440/4 | €987 | €1,811 | +€823 | +83.4% |
| Taxes, remuneration and social security | 45 | €18,779 | €36,670 | +€17,891 | +95.3% |
| Taxes | 450/3 | €18,779 | €36,670 | +€17,891 | +95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241 | €446 | +€205 | +85.1% |
| Gross operating margin | 9900 | €84,631 | €110,951 | +€26,320 | +31.1% |
| Operating profit (loss) | 9901 | €84,390 | €110,505 | +€26,115 | +30.9% |
| Financial income | 75/76B | €222 | €1,397 | +€1,175 | +528% |
| Recurring financial income | 75 | €222 | €1,397 | +€1,175 | +528% |
| Financial charges | 65/66B | €273 | €30,402 | +€30,129 | +11,044% |
| Recurring financial charges | 65 | €273 | €30,402 | +€30,129 | +11,044% |
| Profit (loss) for the period before taxes | 9903 | €84,340 | €81,501 | -€2,839 | -3.4% |
| Income taxes | 67/77 | €18,279 | €18,391 | +€112 | +0.6% |
| Profit (loss) for the period | 9904 | €66,061 | €63,110 | -€2,951 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,061 | €63,110 | -€2,951 | -4.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.