GH 431: 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.
GH 431
Largest movements
- Cash -€4,995
down €4,995 (-29.2%), from €17,098 to €12,103
mainly Tax, wage and social debts (-€4,955) and Receivables within one year (-€2,174)
- Receivables within one year +€2,174
up €2,174 (+34.3%), from €6,331 to €8,505
of which Trade receivables: +€2,071
- Deferred charges and accrued income +€1,775
up €1,775 (+240%), from €739 to €2,514
- Tax, wage and social debts -€4,955
no longer reported in 2025 (was €4,955)
- Profit (loss) carried forward +€4,117
up €4,117 (+50.6%), from -€8,136 to -€4,019
- Trade debts -€530
down €530 (-4.5%), from €11,861 to €11,331
- Other debts +€323
up €323 (+66.2%), from €487 to €810
- Other operating charges -€7,253
down €7,253 (-27.5%), from €26,367 to €19,114
- Gross operating margin +€4,941
up €4,941 (+26.8%), from €18,411 to €23,352
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 | €24,167 | €23,122 | -€1,045 | -4.3% |
| Current assets | 29/58 | €24,167 | €23,122 | -€1,045 | -4.3% |
| Amounts receivable within one year | 40/41 | €6,331 | €8,505 | +€2,174 | +34.3% |
| Trade receivables | 40 | €6,331 | €8,401 | +€2,071 | +32.7% |
| Other amounts receivable | 41 | - | €104 | +€104 | |
| Cash at bank and in hand | 54/58 | €17,098 | €12,103 | -€4,995 | -29.2% |
| Deferred charges and accrued income | 490/1 | €739 | €2,514 | +€1,775 | +240% |
| Total equity and liabilities | 10/49 | €24,167 | €23,122 | -€1,045 | -4.3% |
| Equity | 10/15 | €6,864 | €10,981 | +€4,117 | +60.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,136 | -€4,019 | +€4,117 | +50.6% |
| Amounts payable | 17/49 | €17,303 | €12,141 | -€5,162 | -29.8% |
| Amounts payable within one year | 42/48 | €17,303 | €12,141 | -€5,162 | -29.8% |
| Trade debts | 44 | €11,861 | €11,331 | -€530 | -4.5% |
| Suppliers | 440/4 | €11,861 | €11,331 | -€530 | -4.5% |
| Taxes, remuneration and social security | 45 | €4,955 | - | -€4,955 | |
| Taxes | 450/3 | €4,955 | - | -€4,955 | |
| Other amounts payable | 47/48 | €487 | €810 | +€323 | +66.2% |
| Other operating charges | 640/8 | €26,367 | €19,114 | -€7,253 | -27.5% |
| Gross operating margin | 9900 | €18,411 | €23,352 | +€4,941 | +26.8% |
| Operating profit (loss) | 9901 | -€7,955 | €4,238 | +€12,193 | |
| Financial income | 75/76B | €14 | €29 | +€15 | +108% |
| Recurring financial income | 75 | €14 | €29 | +€15 | +108% |
| Financial charges | 65/66B | €195 | €150 | -€45 | -23.1% |
| Recurring financial charges | 65 | €195 | €150 | -€45 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,136 | €4,117 | +€12,253 | |
| Profit (loss) for the period | 9904 | -€8,136 | €4,117 | +€12,253 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,136 | €4,117 | +€12,253 |
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 27 October 2026 via checked.be.