GH Invest: what changed
What changed
GH Invest
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€372,866
2024 · -€1.3m+€1.7m
Equity
-€267,336
2024 · -€640,202+€372,866
Cash
€3,748
2024 · €131,615-€127,867
Balance sheet total
€4.1m
2024 · €4.5m-€397,686
Largest movements
Assets
- Receivables after one year -€258,571
down €258,571 (-51.0%), from €507,240 to €248,668
- Cash -€127,867
down €127,867 (-97.2%), from €131,615 to €3,748
mainly Other debts (-€735,665) and Accrued charges and deferred income (-€36,054)
Equity and liabilities
- Other debts -€735,665
down €735,665 (-14.7%), from €5.0m to €4.3m
- Profit (loss) carried forward +€372,866
up €372,866 (+28.5%), from -€1.3m to -€936,682
Income statement
- Financial income +€470,302
up €470,302 (+2,541%), from €18,507 to €488,809
- Gross operating margin -€116,863
down €116,863, from €78,585 to -€38,278
- Financial charges -€64,890
down €64,890 (-46.5%), from €139,696 to €74,806
- Other operating charges -€3,424
down €3,424 (-73.8%), from €4,639 to €1,214
- Taxes +€1,645
new in 2025: €1,645
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.3m
Gross operating margin
-€116,863
Other operating charges
+€3,424
Other operating items
+€1.3m
Financial income
+€470,302
Financial charges
+€64,890
Taxes
-€1,645
Result 2025
€372,866
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€129,391
Investment
+€1,524
Financing
€0
Cash 2024
€131,615
From operations (derived)
-€129,391
Net result for the year
+€372,866
Receivables after one year
+€258,571
Receivables within one year
+€9,816
Smaller working-capital items
-€1,045
Trade debts
+€2,119
Other debts
-€735,665
Accrued charges and deferred income
-€36,054
Investment (derived)
+€1,524
Investment in fixed assets (net)
+€1,524
Cash 2025
€3,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,458,681 | €4,060,994 | -€397,686 | -8.9% |
| Fixed assets | 21/28 | €3,645,524 | €3,644,000 | -€1,524 | 0.0% |
| Financial fixed assets | 28 | €3,645,524 | €3,644,000 | -€1,524 | 0.0% |
| Current assets | 29/58 | €813,156 | €416,994 | -€396,162 | -48.7% |
| Amounts receivable after more than one year | 29 | €507,240 | €248,668 | -€258,571 | -51.0% |
| Other amounts receivable | 291 | €507,240 | €248,668 | -€258,571 | -51.0% |
| Amounts receivable within one year | 40/41 | €172,002 | €162,186 | -€9,816 | -5.7% |
| Trade receivables | 40 | €114,506 | €82,626 | -€31,880 | -27.8% |
| Other amounts receivable | 41 | €57,496 | €79,560 | +€22,064 | +38.4% |
| Cash at bank and in hand | 54/58 | €131,615 | €3,748 | -€127,867 | -97.2% |
| Deferred charges and accrued income | 490/1 | €2,300 | €2,392 | +€92 | +4.0% |
| Total equity and liabilities | 10/49 | €4,458,681 | €4,060,994 | -€397,686 | -8.9% |
| Equity | 10/15 | -€640,202 | -€267,336 | +€372,866 | +58.2% |
| Contributions | 10/11 | €79,637 | €79,637 | = | 0.0% |
| Reserves | 13 | €589,710 | €589,710 | = | 0.0% |
| Distributable reserves | 133 | €589,710 | €589,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,309,549 | -€936,682 | +€372,866 | +28.5% |
| Amounts payable | 17/49 | €5,098,883 | €4,328,330 | -€770,553 | -15.1% |
| Amounts payable within one year | 42/48 | €5,027,207 | €4,292,708 | -€734,499 | -14.6% |
| Trade debts | 44 | €14,180 | €16,299 | +€2,119 | +14.9% |
| Suppliers | 440/4 | €14,180 | €16,299 | +€2,119 | +14.9% |
| Taxes, remuneration and social security | 45 | €983 | €30 | -€953 | -96.9% |
| Taxes | 450/3 | €983 | €30 | -€953 | -96.9% |
| Other amounts payable | 47/48 | €5,012,044 | €4,276,378 | -€735,665 | -14.7% |
| Accrued charges and deferred income | 492/3 | €71,676 | €35,622 | -€36,054 | -50.3% |
| Other operating charges | 640/8 | €4,639 | €1,214 | -€3,424 | -73.8% |
| Non-recurring operating charges | 66A | €1,262,306 | - | -€1.3m | |
| Gross operating margin | 9900 | €78,585 | -€38,278 | -€116,863 | |
| Operating profit (loss) | 9901 | -€1,188,360 | -€39,492 | +€1.1m | +96.7% |
| Financial income | 75/76B | €18,507 | €488,809 | +€470,302 | +2,541% |
| Recurring financial income | 75 | €18,507 | €488,809 | +€470,302 | +2,541% |
| Financial charges | 65/66B | €139,696 | €74,806 | -€64,890 | -46.5% |
| Recurring financial charges | 65 | €139,696 | €74,806 | -€64,890 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,309,549 | €374,511 | +€1.7m | |
| Income taxes | 67/77 | - | €1,645 | +€1,645 | |
| Profit (loss) for the period | 9904 | -€1,309,549 | €372,866 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,309,549 | €372,866 | +€1.7m |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.