GH CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets -€34,784
down €34,784 (-5.2%), from €664,379 to €629,595
of which Land and buildings: -€37,483
- Cash -€12,465
down €12,465 (-45.5%), from €27,384 to €14,919
mainly Debts after one year (-€131,406) and Investment in fixed assets (net) (-€11,979)
- Debts after one year -€131,406
down €131,406 (-42.0%), from €313,128 to €181,722
- Current portion of long-term debt +€55,011
up €55,011 (+147%), from €37,397 to €92,408
- Reserves +€31,067
up €31,067 (+9.3%), from €334,415 to €365,482
of which Distributable reserves: +€33,035
- Gross operating margin +€28,371
up €28,371 (+37.0%), from €76,579 to €104,950
- Taxes +€11,871
up €11,871 (+857%), from €1,385 to €13,256
- Financial charges -€2,075
down €2,075 (-15.9%), from €13,016 to €10,940
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €738,893 | €685,105 | -€53,788 | -7.3% |
| Fixed assets | 21/28 | €664,428 | €629,595 | -€34,834 | -5.2% |
| Tangible fixed assets | 22/27 | €664,379 | €629,595 | -€34,784 | -5.2% |
| Land and buildings | 22 | €647,955 | €610,472 | -€37,483 | -5.8% |
| Plant, machinery and equipment | 23 | €1,796 | €1,861 | +€65 | +3.6% |
| Furniture and vehicles | 24 | €4,428 | €3,553 | -€875 | -19.8% |
| Other tangible fixed assets | 26 | €10,200 | €13,709 | +€3,509 | +34.4% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €74,465 | €55,510 | -€18,955 | -25.5% |
| Amounts receivable within one year | 40/41 | €44,997 | €38,447 | -€6,549 | -14.6% |
| Trade receivables | 40 | €44,997 | €33,386 | -€11,611 | -25.8% |
| Other amounts receivable | 41 | - | €5,061 | +€5,061 | |
| Cash at bank and in hand | 54/58 | €27,384 | €14,919 | -€12,465 | -45.5% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,144 | +€60 | +2.9% |
| Total equity and liabilities | 10/49 | €738,893 | €685,105 | -€53,788 | -7.3% |
| Equity | 10/15 | €349,415 | €380,482 | +€31,067 | +8.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €334,415 | €365,482 | +€31,067 | +9.3% |
| Tax-exempt reserves | 132 | €37,160 | €35,192 | -€1,968 | -5.3% |
| Distributable reserves | 133 | €297,255 | €330,290 | +€33,035 | +11.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €7,308 | €6,816 | -€492 | -6.7% |
| Deferred taxes | 168 | €7,308 | €6,816 | -€492 | -6.7% |
| Amounts payable | 17/49 | €382,170 | €297,807 | -€84,363 | -22.1% |
| Amounts payable after more than one year | 17 | €313,128 | €181,722 | -€131,406 | -42.0% |
| Financial debts | 170/4 | €313,128 | €181,722 | -€131,406 | -42.0% |
| Amounts payable within one year | 42/48 | €59,605 | €113,516 | +€53,912 | +90.4% |
| Current portion of amounts payable after more than one year | 42 | €37,397 | €92,408 | +€55,011 | +147% |
| Financial debts | 43 | €3,196 | €773 | -€2,423 | -75.8% |
| Credit institutions | 430/8 | €3,196 | €773 | -€2,423 | -75.8% |
| Trade debts | 44 | €10,525 | €3,906 | -€6,620 | -62.9% |
| Suppliers | 440/4 | €10,525 | €3,906 | -€6,620 | -62.9% |
| Taxes, remuneration and social security | 45 | €8,487 | €12,229 | +€3,743 | +44.1% |
| Taxes | 450/3 | €8,487 | €12,229 | +€3,743 | +44.1% |
| Other amounts payable | 47/48 | €0 | €4,200 | +€4,200 | |
| Accrued charges and deferred income | 492/3 | €9,437 | €2,569 | -€6,869 | -72.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,699 | €46,813 | -€886 | -1.9% |
| Other operating charges | 640/8 | €3,912 | €3,411 | -€500 | -12.8% |
| Non-recurring operating charges | 66A | €575 | €0 | -€575 | -100% |
| Gross operating margin | 9900 | €76,579 | €104,950 | +€28,371 | +37.0% |
| Operating profit (loss) | 9901 | €24,394 | €54,726 | +€30,332 | +124% |
| Financial income | 75/76B | €60 | €46 | -€14 | -23.8% |
| Recurring financial income | 75 | €60 | €46 | -€14 | -23.8% |
| Financial charges | 65/66B | €13,016 | €10,940 | -€2,075 | -15.9% |
| Recurring financial charges | 65 | €13,016 | €10,940 | -€2,075 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €11,438 | €43,831 | +€32,393 | +283% |
| Transfer from deferred taxes | 780 | €492 | €492 | = | 0.0% |
| Income taxes | 67/77 | €1,385 | €13,256 | +€11,871 | +857% |
| Profit (loss) for the period | 9904 | €10,545 | €31,067 | +€20,522 | +195% |
| Transfer from tax-exempt reserves | 789 | €1,968 | €1,968 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,513 | €33,035 | +€20,522 | +164% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.