GH & CO: 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 & CO
Largest movements
- Tangible fixed assets -€516,177
down €516,177 (-86.1%), from €599,412 to €83,235
of which Land and buildings: -€499,113
- Receivables within one year +€41,863
up €41,863 (+11.8%), from €355,462 to €397,325
of which Other amounts receivable: +€41,000
- Other debts -€605,977
down €605,977 (-79.2%), from €764,848 to €158,871
- Reserves +€106,173
up €106,173 (+129.4%), from €82,021 to €188,194
- Trade debts +€28,539
up €28,539 (+2222.0%), from €1,284 to €29,823
- Gross operating margin +€105,593
up €105,593 (+246.0%), from €42,917 to €148,510
- Purchases and services +€28,476
up €28,476 (+217.2%), from €13,112 to €41,587
- Other operating charges +€23,798
up €23,798 (+723.5%), from €3,289 to €27,088
- Depreciation -€20,253
down €20,253 (-71.6%), from €28,272 to €8,020
- Taxes +€2,500
up €2,500 (+14609.1%), from €17 to €2,517
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.
Cash bridge derived
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 | €972,704 | €494,946 | -€477,758 | -49.1% |
| Fixed assets | 21/28 | €612,524 | €93,725 | -€518,800 | -84.7% |
| Intangible fixed assets | 21 | €13,113 | €10,490 | -€2,623 | -20.0% |
| Tangible fixed assets | 22/27 | €599,412 | €83,235 | -€516,177 | -86.1% |
| Land and buildings | 22 | €580,261 | €81,148 | -€499,113 | -86.0% |
| Plant, machinery and equipment | 23 | €19,150 | €2,086 | -€17,064 | -89.1% |
| Current assets | 29/58 | €360,180 | €401,222 | +€41,042 | +11.4% |
| Amounts receivable within one year | 40/41 | €355,462 | €397,325 | +€41,863 | +11.8% |
| Trade receivables | 40 | - | €863 | +€863 | |
| Other amounts receivable | 41 | €355,462 | €396,462 | +€41,000 | +11.5% |
| Cash at bank and in hand | 54/58 | €4,718 | €3,897 | -€821 | -17.4% |
| Total equity and liabilities | 10/49 | €972,704 | €494,946 | -€477,758 | -49.1% |
| Equity | 10/15 | €100,621 | €206,794 | +€106,173 | +105.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,021 | €188,194 | +€106,173 | +129.4% |
| Distributable reserves | 133 | €82,021 | €188,194 | +€106,173 | +129.4% |
| Amounts payable | 17/49 | €872,084 | €288,153 | -€583,931 | -67.0% |
| Amounts payable after more than one year | 17 | €96,757 | €87,360 | -€9,397 | -9.7% |
| Financial debts | 170/4 | €93,857 | €84,460 | -€9,397 | -10.0% |
| Other amounts payable | 178/9 | €2,900 | €2,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €775,327 | €200,792 | -€574,534 | -74.1% |
| Current portion of amounts payable after more than one year | 42 | €9,009 | €9,397 | +€388 | +4.3% |
| Trade debts | 44 | €1,284 | €29,823 | +€28,539 | +2222.0% |
| Suppliers | 440/4 | €1,284 | €29,823 | +€28,539 | +2222.0% |
| Taxes, remuneration and social security | 45 | €185 | €2,702 | +€2,517 | +1357.4% |
| Taxes | 450/3 | €185 | €2,702 | +€2,517 | +1357.4% |
| Other amounts payable | 47/48 | €764,848 | €158,871 | -€605,977 | -79.2% |
| Non-recurring operating income | 76A | €350 | - | -€350 | |
| Goods, raw materials, services and sundry goods | 60/61 | €13,112 | €41,587 | +€28,476 | +217.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,272 | €8,020 | -€20,253 | -71.6% |
| Other operating charges | 640/8 | €3,289 | €27,088 | +€23,798 | +723.5% |
| Non-recurring operating charges | 66A | €95 | - | -€95 | |
| Gross operating margin | 9900 | €42,917 | €148,510 | +€105,593 | +246.0% |
| Operating profit (loss) | 9901 | €11,260 | €113,402 | +€102,142 | +907.1% |
| Financial charges | 65/66B | €4,850 | €4,712 | -€137 | -2.8% |
| Recurring financial charges | 65 | €4,850 | €4,712 | -€137 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €6,410 | €108,690 | +€102,279 | +1595.5% |
| Income taxes | 67/77 | €17 | €2,517 | +€2,500 | +14609.1% |
| Profit (loss) for the period | 9904 | €6,393 | €106,173 | +€99,780 | +1560.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,393 | €106,173 | +€99,780 | +1560.7% |
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 9 October 2026 via checked.be.