GH & M Services: 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 & M Services
Largest movements
- Cash +€34,094
up €34,094 (+330.6%), from €10,314 to €44,408
mainly Trade debts (+€23,147) and Net result for the year (+€11,948)
- Tangible fixed assets -€15,803
down €15,803 (-50.1%), from €31,511 to €15,708
- Receivables within one year +€12,035
new in 2025: €12,035
of which Trade receivables: +€11,423
- Trade debts +€23,147
up €23,147 (+115.9%), from €19,977 to €43,124
- Profit (loss) carried forward +€11,948
up €11,948 (+98.2%), from €12,167 to €24,114
- Other debts -€4,537
down €4,537 (-89.6%), from €5,064 to €526
- Gross operating margin +€11,802
up €11,802 (+63.2%), from €18,688 to €30,490
- Financial income +€6,977
new in 2025: €6,977
- Depreciation +€2,458
up €2,458 (+71.5%), from €3,439 to €5,897
- Taxes +€2,445
new in 2025: €2,445
- Other operating charges -€2,344
down €2,344 (-77.2%), from €3,037 to €693
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 | €41,825 | €72,151 | +€30,326 | +72.5% |
| Fixed assets | 21/28 | €31,511 | €15,708 | -€15,803 | -50.1% |
| Tangible fixed assets | 22/27 | €31,511 | €15,708 | -€15,803 | -50.1% |
| Furniture and vehicles | 24 | €31,511 | €15,708 | -€15,803 | -50.1% |
| Current assets | 29/58 | €10,314 | €56,442 | +€46,129 | +447.3% |
| Amounts receivable within one year | 40/41 | - | €12,035 | +€12,035 | |
| Trade receivables | 40 | - | €11,423 | +€11,423 | |
| Other amounts receivable | 41 | - | €612 | +€612 | |
| Cash at bank and in hand | 54/58 | €10,314 | €44,408 | +€34,094 | +330.6% |
| Total equity and liabilities | 10/49 | €41,825 | €72,151 | +€30,326 | +72.5% |
| Equity | 10/15 | €16,167 | €28,114 | +€11,948 | +73.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,167 | €24,114 | +€11,948 | +98.2% |
| Amounts payable | 17/49 | €25,658 | €44,036 | +€18,378 | +71.6% |
| Amounts payable within one year | 42/48 | €25,658 | €44,036 | +€18,378 | +71.6% |
| Trade debts | 44 | €19,977 | €43,124 | +€23,147 | +115.9% |
| Suppliers | 440/4 | €19,977 | €43,124 | +€23,147 | +115.9% |
| Taxes, remuneration and social security | 45 | €617 | €386 | -€232 | -37.5% |
| Taxes | 450/3 | €617 | €386 | -€232 | -37.5% |
| Other amounts payable | 47/48 | €5,064 | €526 | -€4,537 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,439 | €5,897 | +€2,458 | +71.5% |
| Other operating charges | 640/8 | €3,037 | €693 | -€2,344 | -77.2% |
| Non-recurring operating charges | 66A | - | €16,406 | +€16,406 | |
| Gross operating margin | 9900 | €18,688 | €30,490 | +€11,802 | +63.2% |
| Operating profit (loss) | 9901 | €12,213 | €7,494 | -€4,719 | -38.6% |
| Financial income | 75/76B | - | €6,977 | +€6,977 | |
| Recurring financial income | 75 | - | €6,977 | +€6,977 | |
| Financial charges | 65/66B | €46 | €79 | +€33 | +70.7% |
| Recurring financial charges | 65 | €46 | €79 | +€33 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €12,167 | €14,393 | +€2,226 | +18.3% |
| Income taxes | 67/77 | - | €2,445 | +€2,445 | |
| Profit (loss) for the period | 9904 | €12,167 | €11,948 | -€219 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,167 | €11,948 | -€219 | -1.8% |
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.