Georges Henri 123: what changed
Georges Henri 123
Largest movements
- Receivables within one year +€34,964
up €34,964 (+139%), from €25,190 to €60,154
of which Trade receivables: +€35,362
- Cash -€26,001
down €26,001 (-58.3%), from €44,629 to €18,628
mainly Net result for the year (-€54,939) and Receivables within one year (-€34,964)
- Tangible fixed assets -€11,288
down €11,288 (-5.5%), from €203,521 to €192,232
of which Furniture and vehicles: -€17,530
- Other debts +€63,611
up €63,611 (+1,085%), from €5,865 to €69,476
- Profit (loss) carried forward -€54,939
down €54,939 (-47.7%), from €115,085 to €60,146
- Debts after one year -€12,000
down €12,000 (-10.5%), from €114,000 to €102,000
- Tax, wage and social debts -€6,702
down €6,702 (-45.5%), from €14,745 to €8,043
of which Taxes: -€9,702
- Trade debts +€5,036
up €5,036 (+25.6%), from €19,664 to €24,701
- Gross operating margin -€65,245
down €65,245 (-66.9%), from €97,536 to €32,291
- Staff costs +€15,133
up €15,133 (+64.0%), from €23,648 to €38,781
- Depreciation +€6,871
up €6,871 (+23.8%), from €28,843 to €35,714
- Taxes -€3,383
down €3,383 (-32.6%), from €10,373 to €6,991
- Financial charges -€3,186
down €3,186 (-42.9%), from €7,423 to €4,237
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 | €282,360 | €277,366 | -€4,993 | -1.8% |
| Fixed assets | 21/28 | €212,541 | €198,585 | -€13,956 | -6.6% |
| Intangible fixed assets | 21 | €8,903 | €6,235 | -€2,668 | -30.0% |
| Tangible fixed assets | 22/27 | €203,521 | €192,232 | -€11,288 | -5.5% |
| Land and buildings | 22 | €124,083 | €115,958 | -€8,125 | -6.5% |
| Plant, machinery and equipment | 23 | €4,119 | €5,830 | +€1,711 | +41.5% |
| Furniture and vehicles | 24 | €60,755 | €43,225 | -€17,530 | -28.9% |
| Other tangible fixed assets | 26 | €14,563 | €27,219 | +€12,656 | +86.9% |
| Financial fixed assets | 28 | €118 | €118 | = | 0.0% |
| Current assets | 29/58 | €69,819 | €78,782 | +€8,963 | +12.8% |
| Amounts receivable within one year | 40/41 | €25,190 | €60,154 | +€34,964 | +139% |
| Trade receivables | 40 | €20,345 | €55,707 | +€35,362 | +174% |
| Other amounts receivable | 41 | €4,845 | €4,448 | -€398 | -8.2% |
| Cash at bank and in hand | 54/58 | €44,629 | €18,628 | -€26,001 | -58.3% |
| Total equity and liabilities | 10/49 | €282,360 | €277,366 | -€4,993 | -1.8% |
| Equity | 10/15 | €116,085 | €61,146 | -€54,939 | -47.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,085 | €60,146 | -€54,939 | -47.7% |
| Amounts payable | 17/49 | €166,275 | €216,220 | +€49,945 | +30.0% |
| Amounts payable after more than one year | 17 | €114,000 | €102,000 | -€12,000 | -10.5% |
| Financial debts | 170/4 | €114,000 | €102,000 | -€12,000 | -10.5% |
| Amounts payable within one year | 42/48 | €52,275 | €114,220 | +€61,945 | +118% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €19,664 | €24,701 | +€5,036 | +25.6% |
| Suppliers | 440/4 | €19,664 | €24,701 | +€5,036 | +25.6% |
| Taxes, remuneration and social security | 45 | €14,745 | €8,043 | -€6,702 | -45.5% |
| Taxes | 450/3 | €14,745 | €5,043 | -€9,702 | -65.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €5,865 | €69,476 | +€63,611 | +1,085% |
| Remuneration, social security and pensions | 62 | €23,648 | €38,781 | +€15,133 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,843 | €35,714 | +€6,871 | +23.8% |
| Other operating charges | 640/8 | €2,793 | €1,857 | -€936 | -33.5% |
| Gross operating margin | 9900 | €97,536 | €32,291 | -€65,245 | -66.9% |
| Operating profit (loss) | 9901 | €42,252 | -€44,061 | -€86,313 | |
| Financial income | 75/76B | €123 | €351 | +€228 | +185% |
| Recurring financial income | 75 | €123 | €351 | +€228 | +185% |
| Financial charges | 65/66B | €7,423 | €4,237 | -€3,186 | -42.9% |
| Recurring financial charges | 65 | €7,423 | €4,237 | -€3,186 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €34,952 | -€47,948 | -€82,900 | |
| Income taxes | 67/77 | €10,373 | €6,991 | -€3,383 | -32.6% |
| Profit (loss) for the period | 9904 | €24,579 | -€54,939 | -€79,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,579 | -€54,939 | -€79,517 |
Next steps
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 6 November 2026 via checked.be.