GH TARGET 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 TARGET CONSULTING
Largest movements
- Receivables within one year -€13,439
no longer reported in 2025 (was €13,439)
- Cash -€4,285
down €4,285 (-91.1%), from €4,702 to €417
mainly Net result for the year (-€13,975) and Trade debts (-€3,354)
- Tangible fixed assets -€559
down €559 (-46.7%), from €1,197 to €638
- Profit (loss) carried forward -€13,975
down €13,975, from €10,349 to -€3,627
- Trade debts -€3,354
down €3,354 (-82.4%), from €4,071 to €716
- Tax, wage and social debts -€2,351
no longer reported in 2025 (was €2,351)
- Other debts +€1,409
new in 2025: €1,409
- Gross operating margin -€21,228
down €21,228, from €7,816 to -€13,412
- Taxes -€4,221
down €4,221, from €3,613 to -€608
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 | €20,070 | €1,799 | -€18,271 | -91.0% |
| Fixed assets | 21/28 | €1,197 | €638 | -€559 | -46.7% |
| Tangible fixed assets | 22/27 | €1,197 | €638 | -€559 | -46.7% |
| Furniture and vehicles | 24 | €1,197 | €638 | -€559 | -46.7% |
| Current assets | 29/58 | €18,873 | €1,161 | -€17,712 | -93.8% |
| Amounts receivable within one year | 40/41 | €13,439 | - | -€13,439 | |
| Trade receivables | 40 | €13,439 | - | -€13,439 | |
| Cash at bank and in hand | 54/58 | €4,702 | €417 | -€4,285 | -91.1% |
| Deferred charges and accrued income | 490/1 | €732 | €744 | +€12 | +1.6% |
| Total equity and liabilities | 10/49 | €20,070 | €1,799 | -€18,271 | -91.0% |
| Equity | 10/15 | €13,649 | -€327 | -€13,975 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,349 | -€3,627 | -€13,975 | |
| Amounts payable | 17/49 | €6,422 | €2,126 | -€4,296 | -66.9% |
| Amounts payable within one year | 42/48 | €6,422 | €2,126 | -€4,296 | -66.9% |
| Trade debts | 44 | €4,071 | €716 | -€3,354 | -82.4% |
| Suppliers | 440/4 | €4,071 | €716 | -€3,354 | -82.4% |
| Taxes, remuneration and social security | 45 | €2,351 | - | -€2,351 | |
| Taxes | 450/3 | €2,351 | - | -€2,351 | |
| Other amounts payable | 47/48 | - | €1,409 | +€1,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €559 | +€79 | +16.6% |
| Other operating charges | 640/8 | €494 | €508 | +€14 | +2.9% |
| Gross operating margin | 9900 | €7,816 | -€13,412 | -€21,228 | |
| Operating profit (loss) | 9901 | €6,842 | -€14,479 | -€21,321 | |
| Financial charges | 65/66B | €111 | €105 | -€6 | -5.8% |
| Recurring financial charges | 65 | €111 | €105 | -€6 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €6,732 | -€14,583 | -€21,315 | |
| Income taxes | 67/77 | €3,613 | -€608 | -€4,221 | |
| Profit (loss) for the period | 9904 | €3,119 | -€13,975 | -€17,094 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,119 | -€13,975 | -€17,094 |
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 27 October 2026 via checked.be.