GH BOUWSERVICE: 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 BOUWSERVICE
Largest movements
- Cash -€13,118
down €13,118 (-91.8%), from €14,288 to €1,170
mainly Net result for the year (-€33,974) and Investment in fixed assets (net) (-€2,057)
- Receivables within one year -€6,764
down €6,764 (-23.3%), from €29,059 to €22,295
of which Trade receivables: -€3,617
- Tangible fixed assets -€3,277
down €3,277 (-21.2%), from €15,486 to €12,209
- Profit (loss) carried forward -€33,974
down €33,974, from €28,324 to -€5,649
- Short-term financial debts +€8,783
new in 2025: €8,783
- Trade debts +€2,059
up €2,059 (+22.9%), from €8,993 to €11,052
- Gross operating margin -€58,839
down €58,839, from €35,972 to -€22,867
- Other operating charges -€2,413
down €2,413 (-51.4%), from €4,689 to €2,277
- Taxes +€2,173
new in 2025: €2,173
- Depreciation +€1,106
up €1,106 (+26.2%), from €4,228 to €5,334
- Financial charges +€582
up €582 (+63.6%), from €915 to €1,497
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 | €58,833 | €35,715 | -€23,118 | -39.3% |
| Fixed assets | 21/28 | €15,486 | €12,209 | -€3,277 | -21.2% |
| Tangible fixed assets | 22/27 | €15,486 | €12,209 | -€3,277 | -21.2% |
| Furniture and vehicles | 24 | €15,486 | €12,209 | -€3,277 | -21.2% |
| Current assets | 29/58 | €43,347 | €23,506 | -€19,841 | -45.8% |
| Amounts receivable within one year | 40/41 | €29,059 | €22,295 | -€6,764 | -23.3% |
| Trade receivables | 40 | €3,667 | €50 | -€3,617 | -98.6% |
| Other amounts receivable | 41 | €25,392 | €22,245 | -€3,147 | -12.4% |
| Cash at bank and in hand | 54/58 | €14,288 | €1,170 | -€13,118 | -91.8% |
| Deferred charges and accrued income | 490/1 | - | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €58,833 | €35,715 | -€23,118 | -39.3% |
| Equity | 10/15 | €48,784 | €14,811 | -€33,974 | -69.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,324 | -€5,649 | -€33,974 | |
| Amounts payable | 17/49 | €10,048 | €20,905 | +€10,856 | +108% |
| Amounts payable within one year | 42/48 | €10,048 | €20,905 | +€10,856 | +108% |
| Financial debts | 43 | - | €8,783 | +€8,783 | |
| Credit institutions | 430/8 | - | €8,783 | +€8,783 | |
| Trade debts | 44 | €8,993 | €11,052 | +€2,059 | +22.9% |
| Suppliers | 440/4 | €8,993 | €11,052 | +€2,059 | +22.9% |
| Taxes, remuneration and social security | 45 | €1,055 | €1,070 | +€15 | +1.4% |
| Taxes | 450/3 | €1,055 | €1,070 | +€15 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,228 | €5,334 | +€1,106 | +26.2% |
| Other operating charges | 640/8 | €4,689 | €2,277 | -€2,413 | -51.4% |
| Gross operating margin | 9900 | €35,972 | -€22,867 | -€58,839 | |
| Operating profit (loss) | 9901 | €27,055 | -€30,478 | -€57,533 | |
| Financial income | 75/76B | €17 | €175 | +€158 | +942% |
| Recurring financial income | 75 | €17 | €175 | +€158 | +942% |
| Financial charges | 65/66B | €915 | €1,497 | +€582 | +63.6% |
| Recurring financial charges | 65 | €915 | €1,497 | +€582 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €26,156 | -€31,801 | -€57,957 | |
| Income taxes | 67/77 | - | €2,173 | +€2,173 | |
| Profit (loss) for the period | 9904 | €26,156 | -€33,974 | -€60,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,156 | -€33,974 | -€60,130 |
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 26 October 2026 via checked.be.