GH BUSINESS: 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 BUSINESS
Largest movements
- Cash +€411
up €411 (+28.3%), from €1,455 to €1,866
mainly Net result for the year (+€3,981) and Accrued charges and deferred income (+€400)
- Receivables within one year +€284
new in 2025: €284
- Profit (loss) carried forward +€3,981
up €3,981 (+57.2%), from -€6,956 to -€2,974
- Other debts -€3,661
down €3,661 (-57.6%), from €6,360 to €2,700
- Accrued charges and deferred income +€400
new in 2025: €400
- Short-term financial debts -€236
no longer reported in 2025 (was €236)
- Trade debts +€210
up €210 (+66.7%), from €315 to €525
- Gross operating margin +€4,173
up €4,173 (+321%), from €1,298 to €5,471
- Financial charges -€767
down €767 (-92.7%), from €827 to €60
of which Financial charges: -€767
- Depreciation -€334
no longer reported in 2025 (was €334)
- Other operating charges +€290
up €290 (+25.5%), from €1,140 to €1,430
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 | €1,455 | €2,150 | +€695 | +47.7% |
| Current assets | 29/58 | €1,455 | €2,150 | +€695 | +47.7% |
| Amounts receivable within one year | 40/41 | - | €284 | +€284 | |
| Other amounts receivable | 41 | - | €284 | +€284 | |
| Cash at bank and in hand | 54/58 | €1,455 | €1,866 | +€411 | +28.3% |
| Total equity and liabilities | 10/49 | €1,455 | €2,150 | +€695 | +47.7% |
| Equity | 10/15 | -€5,456 | -€1,474 | +€3,981 | +73.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,956 | -€2,974 | +€3,981 | +57.2% |
| Amounts payable | 17/49 | €6,911 | €3,624 | -€3,287 | -47.6% |
| Amounts payable within one year | 42/48 | €6,911 | €3,224 | -€3,686 | -53.3% |
| Financial debts | 43 | €236 | - | -€236 | |
| Credit institutions | 430/8 | €236 | - | -€236 | |
| Trade debts | 44 | €315 | €525 | +€210 | +66.7% |
| Suppliers | 440/4 | €315 | €525 | +€210 | +66.7% |
| Other amounts payable | 47/48 | €6,360 | €2,700 | -€3,661 | -57.6% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | - | -€334 | |
| Other operating charges | 640/8 | €1,140 | €1,430 | +€290 | +25.5% |
| Gross operating margin | 9900 | €1,298 | €5,471 | +€4,173 | +321% |
| Operating profit (loss) | 9901 | -€175 | €4,042 | +€4,217 | |
| Financial charges | 65/66B | €827 | €60 | -€767 | -92.7% |
| Recurring financial charges | 65 | €827 | €60 | -€767 | -92.7% |
| Non-recurring financial charges | 66B | €827 | €60 | -€767 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,003 | €3,981 | +€4,984 | |
| Profit (loss) for the period | 9904 | -€1,003 | €3,981 | +€4,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,003 | €3,981 | +€4,984 |
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.