G.H.N.: 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.
G.H.N.
Largest movements
- Cash +€1,566
up €1,566 (+167%), from €937 to €2,503
mainly Net result for the year (+€27,112) and Receivables within one year (+€322)
- Receivables within one year -€322
down €322 (-4.8%), from €6,761 to €6,439
of which Trade receivables: -€322
- Profit (loss) carried forward +€27,112
up €27,112 (+39.1%), from -€69,412 to -€42,300
- Trade debts -€23,080
down €23,080 (-40.3%), from €57,285 to €34,205
- Other debts -€1,952
down €1,952 (-21.5%), from €9,062 to €7,110
- Tax, wage and social debts -€836
down €836 (-43.9%), from €1,904 to €1,067
- Gross operating margin +€23,438
up €23,438 (+473%), from €4,958 to €28,396
- Other operating charges +€399
up €399 (+338%), from €118 to €517
- Financial income +€370
new in 2025: €370
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 | €7,699 | €8,942 | +€1,244 | +16.2% |
| Current assets | 29/58 | €7,699 | €8,942 | +€1,244 | +16.2% |
| Amounts receivable within one year | 40/41 | €6,761 | €6,439 | -€322 | -4.8% |
| Trade receivables | 40 | €6,761 | €6,439 | -€322 | -4.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €937 | €2,503 | +€1,566 | +167% |
| Total equity and liabilities | 10/49 | €7,699 | €8,942 | +€1,244 | +16.2% |
| Equity | 10/15 | -€60,552 | -€33,440 | +€27,112 | +44.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,412 | -€42,300 | +€27,112 | +39.1% |
| Amounts payable | 17/49 | €68,250 | €42,382 | -€25,868 | -37.9% |
| Amounts payable within one year | 42/48 | €68,250 | €42,382 | -€25,868 | -37.9% |
| Trade debts | 44 | €57,285 | €34,205 | -€23,080 | -40.3% |
| Suppliers | 440/4 | €57,285 | €34,205 | -€23,080 | -40.3% |
| Taxes, remuneration and social security | 45 | €1,904 | €1,067 | -€836 | -43.9% |
| Taxes | 450/3 | €1,904 | €1,067 | -€836 | -43.9% |
| Other amounts payable | 47/48 | €9,062 | €7,110 | -€1,952 | -21.5% |
| Other operating charges | 640/8 | €118 | €517 | +€399 | +338% |
| Gross operating margin | 9900 | €4,958 | €28,396 | +€23,438 | +473% |
| Operating profit (loss) | 9901 | €4,840 | €27,879 | +€23,039 | +476% |
| Financial income | 75/76B | - | €370 | +€370 | |
| Recurring financial income | 75 | - | €370 | +€370 | |
| Financial charges | 65/66B | €998 | €1,137 | +€139 | +14.0% |
| Recurring financial charges | 65 | €998 | €1,137 | +€139 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €3,842 | €27,112 | +€23,270 | +606% |
| Profit (loss) for the period | 9904 | €3,842 | €27,112 | +€23,270 | +606% |
| Profit (loss) for the period to be appropriated | 9905 | €3,842 | €27,112 | +€23,270 | +606% |
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 15 October 2026 via checked.be.