GH Finance: 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 Finance
Largest movements
- Cash -€57,776
down €57,776 (-34.1%), from €169,334 to €111,558
mainly Contributions, distributions and other (-€93,000) and Other debts (-€70,170)
- Other debts -€70,170
down €70,170 (-46.4%), from €151,306 to €81,136
- Reserves +€30,959
new in 2025: €30,959
- Tax, wage and social debts -€17,488
down €17,488 (-48.1%), from €36,393 to €18,906
of which Taxes: -€13,679
- Trade debts -€4,722
down €4,722 (-48.2%), from €9,802 to €5,080
- Gross operating margin -€59,277
down €59,277 (-22.2%), from €266,531 to €207,254
- Taxes -€14,527
down €14,527 (-26.1%), from €55,664 to €41,137
- Staff costs -€6,439
down €6,439 (-16.4%), from €39,312 to €32,873
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 | €217,502 | €157,947 | -€59,556 | -27.4% |
| Fixed assets | 21/28 | €39,361 | €37,503 | -€1,859 | -4.7% |
| Tangible fixed assets | 22/27 | €35,611 | €33,753 | -€1,859 | -5.2% |
| Plant, machinery and equipment | 23 | €1,855 | €1,351 | -€504 | -27.2% |
| Furniture and vehicles | 24 | €4,392 | €6,714 | +€2,321 | +52.9% |
| Other tangible fixed assets | 26 | €29,364 | €25,688 | -€3,676 | -12.5% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €178,141 | €120,444 | -€57,697 | -32.4% |
| Amounts receivable within one year | 40/41 | - | €800 | +€800 | |
| Trade receivables | 40 | - | €800 | +€800 | |
| Cash at bank and in hand | 54/58 | €169,334 | €111,558 | -€57,776 | -34.1% |
| Deferred charges and accrued income | 490/1 | €8,807 | €8,086 | -€721 | -8.2% |
| Total equity and liabilities | 10/49 | €217,502 | €157,947 | -€59,556 | -27.4% |
| Equity | 10/15 | €8,000 | €38,959 | +€30,959 | +387% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €30,959 | +€30,959 | |
| Distributable reserves | 133 | - | €30,959 | +€30,959 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €209,502 | €118,988 | -€90,514 | -43.2% |
| Amounts payable within one year | 42/48 | €209,502 | €118,988 | -€90,514 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €12,001 | €12,001 | = | 0.0% |
| Financial debts | 43 | - | €1,865 | +€1,865 | |
| Credit institutions | 430/8 | - | €1,865 | +€1,865 | |
| Trade debts | 44 | €9,802 | €5,080 | -€4,722 | -48.2% |
| Suppliers | 440/4 | €9,802 | €5,080 | -€4,722 | -48.2% |
| Taxes, remuneration and social security | 45 | €36,393 | €18,906 | -€17,488 | -48.1% |
| Taxes | 450/3 | €30,412 | €16,734 | -€13,679 | -45.0% |
| Remuneration and social security | 454/9 | €5,981 | €2,172 | -€3,809 | -63.7% |
| Other amounts payable | 47/48 | €151,306 | €81,136 | -€70,170 | -46.4% |
| Remuneration, social security and pensions | 62 | €39,312 | €32,873 | -€6,439 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,646 | €6,620 | +€973 | +17.2% |
| Other operating charges | 640/8 | €1,668 | €1,488 | -€180 | -10.8% |
| Gross operating margin | 9900 | €266,531 | €207,254 | -€59,277 | -22.2% |
| Operating profit (loss) | 9901 | €219,905 | €166,273 | -€53,632 | -24.4% |
| Financial income | 75/76B | €715 | €1,178 | +€463 | +64.7% |
| Recurring financial income | 75 | €715 | €1,178 | +€463 | +64.7% |
| Financial charges | 65/66B | €2,806 | €2,356 | -€450 | -16.0% |
| Recurring financial charges | 65 | €2,806 | €2,356 | -€450 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €217,814 | €165,095 | -€52,719 | -24.2% |
| Income taxes | 67/77 | €55,664 | €41,137 | -€14,527 | -26.1% |
| Profit (loss) for the period | 9904 | €162,150 | €123,959 | -€38,191 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €162,150 | €123,959 | -€38,191 | -23.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.