GH 490: what changed
GH 490
Largest movements
- Stocks and contracts -€195,697
no longer reported in 2025 (was €195,697)
- Receivables within one year -€22,744
down €22,744 (-100.0%), from €22,748 to €4
- Other debts -€216,656
down €216,656 (-96.2%), from €225,292 to €8,636
- Profit (loss) carried forward +€8,565
up €8,565 (+43.8%), from -€19,565 to -€11,000
- Accrued charges and deferred income -€3,918
no longer reported in 2025 (was €3,918)
- Debts after one year -€3,500
no longer reported in 2025 (was €3,500)
- Trade debts -€3,012
no longer reported in 2025 (was €3,012)
- Gross operating margin +€13,238
up €13,238, from -€4,231 to €9,007
- Financial charges -€3,918
down €3,918 (-98.9%), from €3,960 to €42
- Depreciation -€277
no longer reported in 2025 (was €277)
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 | €218,557 | €36 | -€218,521 | -100.0% |
| Current assets | 29/58 | €218,557 | €36 | -€218,521 | -100.0% |
| Stocks and contracts in progress | 3 | €195,697 | - | -€195,697 | |
| Stocks | 30/36 | €195,697 | - | -€195,697 | |
| Amounts receivable within one year | 40/41 | €22,748 | €4 | -€22,744 | -100.0% |
| Other amounts receivable | 41 | €22,748 | €4 | -€22,744 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €32 | +€32 | |
| Deferred charges and accrued income | 490/1 | €112 | - | -€112 | |
| Total equity and liabilities | 10/49 | €218,557 | €36 | -€218,521 | -100.0% |
| Equity | 10/15 | -€17,165 | -€8,600 | +€8,565 | +49.9% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,565 | -€11,000 | +€8,565 | +43.8% |
| Amounts payable | 17/49 | €235,722 | €8,636 | -€227,087 | -96.3% |
| Amounts payable after more than one year | 17 | €3,500 | - | -€3,500 | |
| Other amounts payable | 178/9 | €3,500 | - | -€3,500 | |
| Amounts payable within one year | 42/48 | €228,304 | €8,636 | -€219,669 | -96.2% |
| Trade debts | 44 | €3,012 | - | -€3,012 | |
| Suppliers | 440/4 | €3,012 | - | -€3,012 | |
| Other amounts payable | 47/48 | €225,292 | €8,636 | -€216,656 | -96.2% |
| Accrued charges and deferred income | 492/3 | €3,918 | - | -€3,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | - | -€277 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,231 | €9,007 | +€13,238 | |
| Operating profit (loss) | 9901 | -€4,896 | €8,607 | +€13,503 | |
| Financial charges | 65/66B | €3,960 | €42 | -€3,918 | -98.9% |
| Recurring financial charges | 65 | €3,960 | €42 | -€3,918 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,856 | €8,565 | +€17,421 | |
| Profit (loss) for the period | 9904 | -€8,856 | €8,565 | +€17,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,856 | €8,565 | +€17,421 |
Next steps
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 2 November 2026 via checked.be.