G.H.B.: what changed
What changed
G.H.B.
filed annual accounts (NBB)
Net result for the year
€435
2024 · -€2,370+€2,805
Equity
€800,485
2024 · €800,050+€435
Cash
€16,617
2024 · €23,460-€6,843
Balance sheet total
€1.3m
2024 · €1.4m-€21,120
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€22,982
down €22,982 (-11.5%), from €200,402 to €177,420
Income statement
- Gross operating margin +€3,380
up €3,380 (+16.3%), from €20,686 to €24,067
- Other operating charges +€939
up €939 (+24.8%), from €3,787 to €4,725
- Depreciation -€336
down €336 (-1.8%), from €19,169 to €18,833
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.
Result 2024
-€2,370
Gross operating margin
+€3,380
Depreciation
+€336
Other operating charges
-€939
Financial charges
+€27
Result 2025
€435
raises the resultlowers the result
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.
From operations
-€486
Investment
-€6,357
Financing
€0
Cash 2024
€23,460
From operations (derived)
-€486
Net result for the year
+€435
Depreciation
+€18,833
Deferred charges and accrued income
+€1,801
Trade debts
+€1,427
Other debts
-€22,982
Investment (derived)
-€6,357
Investment in fixed assets (net)
-€6,357
Cash 2025
€16,617
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,367,919 | €1,346,799 | -€21,120 | -1.5% |
| Fixed assets | 21/28 | €353,680 | €341,204 | -€12,476 | -3.5% |
| Tangible fixed assets | 22/27 | €247,594 | €235,118 | -€12,476 | -5.0% |
| Land and buildings | 22 | €245,257 | €227,750 | -€17,507 | -7.1% |
| Plant, machinery and equipment | 23 | €2,337 | €7,368 | +€5,031 | +215% |
| Financial fixed assets | 28 | €106,086 | €106,086 | = | 0.0% |
| Current assets | 29/58 | €1,014,239 | €1,005,595 | -€8,644 | -0.9% |
| Amounts receivable after more than one year | 29 | €978,114 | €978,114 | = | 0.0% |
| Other amounts receivable | 291 | €978,114 | €978,114 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,863 | €10,863 | = | 0.0% |
| Other amounts receivable | 41 | €10,863 | €10,863 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,460 | €16,617 | -€6,843 | -29.2% |
| Deferred charges and accrued income | 490/1 | €1,801 | - | -€1,801 | |
| Total equity and liabilities | 10/49 | €1,367,919 | €1,346,799 | -€21,120 | -1.5% |
| Equity | 10/15 | €800,050 | €800,485 | +€435 | +0.1% |
| Contributions | 10/11 | €1,275,000 | €1,275,000 | = | 0.0% |
| Revaluation surpluses | 12 | €114,083 | €114,083 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€634,034 | -€633,598 | +€435 | +0.1% |
| Amounts payable | 17/49 | €567,869 | €546,314 | -€21,555 | -3.8% |
| Amounts payable after more than one year | 17 | €366,381 | €366,381 | = | 0.0% |
| Other amounts payable | 178/9 | €366,381 | €366,381 | = | 0.0% |
| Amounts payable within one year | 42/48 | €201,487 | €179,932 | -€21,555 | -10.7% |
| Trade debts | 44 | €1,085 | €2,512 | +€1,427 | +131% |
| Suppliers | 440/4 | €1,085 | €2,512 | +€1,427 | +131% |
| Other amounts payable | 47/48 | €200,402 | €177,420 | -€22,982 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,169 | €18,833 | -€336 | -1.8% |
| Other operating charges | 640/8 | €3,787 | €4,725 | +€939 | +24.8% |
| Gross operating margin | 9900 | €20,686 | €24,067 | +€3,380 | +16.3% |
| Operating profit (loss) | 9901 | -€2,269 | €509 | +€2,778 | |
| Financial charges | 65/66B | €100 | €74 | -€27 | -26.7% |
| Recurring financial charges | 65 | €100 | €74 | -€27 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,370 | €435 | +€2,805 | |
| Profit (loss) for the period | 9904 | -€2,370 | €435 | +€2,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,370 | €435 | +€2,805 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.