GEORGES H: what changed
What changed
GEORGES H
filed annual accounts (NBB)
Net result for the year
€44,206
31-12-2024 · -€17,533+€61,739
Equity
€506,417
31-12-2024 · €462,211+€44,206
Cash
€6,959
31-12-2024 · €7,314-€355
Balance sheet total
€573,260
31-12-2024 · €538,194+€35,066
Largest movements
Assets
- Receivables within one year +€51,221
up €51,221 (+15.8%), from €324,250 to €375,471
- Tangible fixed assets -€15,800
down €15,800 (-7.6%), from €206,630 to €190,831
of which Land and buildings: -€15,677
Equity and liabilities
- Profit (loss) carried forward +€44,206
up €44,206 (+62.4%), from €70,864 to €115,070
- Other debts -€12,541
no longer reported in 2025 (was €12,541)
Income statement
- Gross operating margin +€69,405
up €69,405 (+1,132%), from €6,133 to €75,538
- Taxes +€7,494
up €7,494 (+1,989%), from €377 to €7,871
Change in the result, 31-12-2024 to 31-12-2025
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 31-12-2024
-€17,533
Gross operating margin
+€69,405
Depreciation
-€297
Other operating charges
+€325
Financial charges
-€199
Taxes
-€7,494
Result 31-12-2025
€44,206
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€355
Investment
€0
Financing
€0
Cash 31-12-2024
€7,314
From operations (derived)
-€355
Net result for the year
+€44,206
Depreciation
+€15,800
Receivables within one year
-€51,221
Trade debts
+€2,338
Tax, wage and social debts
+€1,063
Other debts
-€12,541
Cash 31-12-2025
€6,959
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,194 | €573,260 | +€35,066 | +6.5% |
| Fixed assets | 21/28 | €206,630 | €190,831 | -€15,800 | -7.6% |
| Tangible fixed assets | 22/27 | €206,630 | €190,831 | -€15,800 | -7.6% |
| Land and buildings | 22 | €205,183 | €189,506 | -€15,677 | -7.6% |
| Plant, machinery and equipment | 23 | €1,447 | €1,325 | -€122 | -8.5% |
| Current assets | 29/58 | €331,564 | €382,429 | +€50,866 | +15.3% |
| Amounts receivable within one year | 40/41 | €324,250 | €375,471 | +€51,221 | +15.8% |
| Other amounts receivable | 41 | €324,250 | €375,471 | +€51,221 | +15.8% |
| Cash at bank and in hand | 54/58 | €7,314 | €6,959 | -€355 | -4.9% |
| Total equity and liabilities | 10/49 | €538,194 | €573,260 | +€35,066 | +6.5% |
| Equity | 10/15 | €462,211 | €506,417 | +€44,206 | +9.6% |
| Contributions | 10/11 | €175,516 | €175,516 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Contributions outside capital | 11 | €63,964 | €63,964 | = | 0.0% |
| Share premium | 1100/10 | €63,964 | €63,964 | = | 0.0% |
| Reserves | 13 | €215,830 | €215,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €151,437 | €151,437 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Other | 1319 | €140,282 | €140,282 | = | 0.0% |
| Distributable reserves | 133 | €64,393 | €64,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,864 | €115,070 | +€44,206 | +62.4% |
| Amounts payable | 17/49 | €75,983 | €66,844 | -€9,140 | -12.0% |
| Amounts payable within one year | 42/48 | €75,983 | €66,844 | -€9,140 | -12.0% |
| Trade debts | 44 | €55,706 | €58,044 | +€2,338 | +4.2% |
| Suppliers | 440/4 | €55,706 | €58,044 | +€2,338 | +4.2% |
| Taxes, remuneration and social security | 45 | €7,737 | €8,800 | +€1,063 | +13.7% |
| Taxes | 450/3 | €7,737 | €8,800 | +€1,063 | +13.7% |
| Other amounts payable | 47/48 | €12,541 | - | -€12,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,502 | €15,800 | +€297 | +1.9% |
| Other operating charges | 640/8 | €7,674 | €7,349 | -€325 | -4.2% |
| Gross operating margin | 9900 | €6,133 | €75,538 | +€69,405 | +1,132% |
| Operating profit (loss) | 9901 | -€17,043 | €52,390 | +€69,433 | |
| Financial charges | 65/66B | €113 | €312 | +€199 | +177% |
| Recurring financial charges | 65 | €113 | €312 | +€199 | +177% |
| Profit (loss) for the period before taxes | 9903 | -€17,156 | €52,077 | +€69,233 | |
| Income taxes | 67/77 | €377 | €7,871 | +€7,494 | +1,989% |
| Profit (loss) for the period | 9904 | -€17,533 | €44,206 | +€61,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,533 | €44,206 | +€61,739 |
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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 4 November 2026 via checked.be.