GCH: what changed
Two fiscal 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.
GCH
Largest movements
- Cash +€8,178
up €8,178 (+62.2%), from €13,150 to €21,328
mainly Other debts (+€19,291) and Trade debts (+€1,286)
- Stocks and contracts +€1,336
up €1,336 (+13.5%), from €9,864 to €11,200
- Deferred charges and accrued income +€688
up €688 (+15.9%), from €4,341 to €5,029
- Tangible fixed assets -€516
down €516 (-10.7%), from €4,843 to €4,327
of which Other tangible fixed assets: -€807
- Other debts +€19,291
up €19,291 (+56.4%), from €34,207 to €53,498
- Tax, wage and social debts -€6,095
down €6,095 (-74.4%), from €8,188 to €2,093
of which Remuneration and social security: -€3,193
- Profit (loss) carried forward -€5,039
down €5,039 (-16.0%), from -€31,430 to -€36,469
- Trade debts +€1,286
up €1,286 (+47.8%), from €2,690 to €3,976
- Accrued charges and deferred income +€488
up €488 (+3932.3%), from €12 to €500
- Gross operating margin -€19,423
down €19,423, from €17,808 to -€1,615
- Taxes -€2,845
down €2,845 (-95.5%), from €2,978 to €133
- Other operating charges +€1,386
up €1,386 (+168.5%), from €823 to €2,209
- Staff costs -€624
no longer reported in 2025 (was €624)
- Financial charges -€457
down €457 (-63.1%), from €724 to €267
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.
Cash bridge derived
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 | €34,119 | €44,049 | +€9,930 | +29.1% |
| Fixed assets | 21/28 | €5,343 | €4,827 | -€516 | -9.7% |
| Tangible fixed assets | 22/27 | €4,843 | €4,327 | -€516 | -10.7% |
| Furniture and vehicles | 24 | - | €291 | +€291 | |
| Other tangible fixed assets | 26 | €4,843 | €4,036 | -€807 | -16.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €28,776 | €39,222 | +€10,446 | +36.3% |
| Stocks and contracts in progress | 3 | €9,864 | €11,200 | +€1,336 | +13.5% |
| Stocks | 30/36 | €9,864 | €11,200 | +€1,336 | +13.5% |
| Amounts receivable within one year | 40/41 | €1,421 | €1,665 | +€244 | +17.2% |
| Trade receivables | 40 | €1,421 | €1,665 | +€244 | +17.2% |
| Cash at bank and in hand | 54/58 | €13,150 | €21,328 | +€8,178 | +62.2% |
| Deferred charges and accrued income | 490/1 | €4,341 | €5,029 | +€688 | +15.9% |
| Total equity and liabilities | 10/49 | €34,119 | €44,049 | +€9,930 | +29.1% |
| Equity | 10/15 | -€10,978 | -€16,017 | -€5,039 | -45.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 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 | -€31,430 | -€36,469 | -€5,039 | -16.0% |
| Amounts payable | 17/49 | €45,097 | €60,066 | +€14,969 | +33.2% |
| Amounts payable within one year | 42/48 | €45,085 | €59,566 | +€14,481 | +32.1% |
| Trade debts | 44 | €2,690 | €3,976 | +€1,286 | +47.8% |
| Suppliers | 440/4 | €2,690 | €3,976 | +€1,286 | +47.8% |
| Taxes, remuneration and social security | 45 | €8,188 | €2,093 | -€6,095 | -74.4% |
| Taxes | 450/3 | €4,995 | €2,093 | -€2,902 | -58.1% |
| Remuneration and social security | 454/9 | €3,193 | - | -€3,193 | |
| Other amounts payable | 47/48 | €34,207 | €53,498 | +€19,291 | +56.4% |
| Accrued charges and deferred income | 492/3 | €12 | €500 | +€488 | +3932.3% |
| Remuneration, social security and pensions | 62 | €624 | - | -€624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €807 | €822 | +€15 | +1.8% |
| Other operating charges | 640/8 | €823 | €2,209 | +€1,386 | +168.5% |
| Gross operating margin | 9900 | €17,808 | -€1,615 | -€19,423 | |
| Operating profit (loss) | 9901 | €15,554 | -€4,646 | -€20,200 | |
| Financial income | 75/76B | €48 | €7 | -€42 | -86.4% |
| Recurring financial income | 75 | €48 | €7 | -€42 | -86.4% |
| Financial charges | 65/66B | €724 | €267 | -€457 | -63.1% |
| Recurring financial charges | 65 | €724 | €267 | -€457 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €14,878 | -€4,906 | -€19,785 | |
| Income taxes | 67/77 | €2,978 | €133 | -€2,845 | -95.5% |
| Profit (loss) for the period | 9904 | €11,900 | -€5,039 | -€16,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,900 | -€5,039 | -€16,939 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.