GHA RECORDS: 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.
GHA RECORDS
Largest movements
- Cash +€63,131
up €63,131 (+4,548%), from €1,388 to €64,519
mainly Net result for the year (+€72,033) and Tax, wage and social debts (+€12,713)
- Receivables within one year +€4,005
up €4,005 (+85.6%), from €4,677 to €8,681
of which Trade receivables: +€4,313
- Profit (loss) carried forward +€72,033
up €72,033, from -€9,041 to €62,992
- Other debts -€19,744
down €19,744 (-62.6%), from €31,536 to €11,792
- Tax, wage and social debts +€12,713
new in 2025: €12,713
- Turnover +€104,857
new in 2025: €104,857
- Gross operating margin +€66,090
up €66,090 (+405%), from €16,312 to €82,402
- Taxes +€8,625
new in 2025: €8,625
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 | €35,525 | €100,651 | +€65,126 | +183% |
| Fixed assets | 21/28 | €848 | €0 | -€848 | -100% |
| Intangible fixed assets | 21 | €848 | €0 | -€848 | -100% |
| Current assets | 29/58 | €34,677 | €100,651 | +€65,975 | +190% |
| Stocks and contracts in progress | 3 | €28,449 | €27,451 | -€998 | -3.5% |
| Stocks | 30/36 | €28,449 | €27,451 | -€998 | -3.5% |
| Amounts receivable within one year | 40/41 | €4,677 | €8,681 | +€4,005 | +85.6% |
| Trade receivables | 40 | €4,368 | €8,681 | +€4,313 | +98.7% |
| Other amounts receivable | 41 | €308 | - | -€308 | |
| Cash at bank and in hand | 54/58 | €1,388 | €64,519 | +€63,131 | +4,548% |
| Deferred charges and accrued income | 490/1 | €163 | - | -€163 | |
| Total equity and liabilities | 10/49 | €35,525 | €100,651 | +€65,126 | +183% |
| Equity | 10/15 | €3,974 | €76,007 | +€72,033 | +1,813% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,041 | €62,992 | +€72,033 | |
| Amounts payable | 17/49 | €31,551 | €24,644 | -€6,907 | -21.9% |
| Amounts payable within one year | 42/48 | €31,551 | €24,644 | -€6,907 | -21.9% |
| Trade debts | 44 | €15 | €140 | +€125 | +824% |
| Suppliers | 440/4 | €15 | €140 | +€125 | +824% |
| Taxes, remuneration and social security | 45 | - | €12,713 | +€12,713 | |
| Taxes | 450/3 | - | €12,713 | +€12,713 | |
| Other amounts payable | 47/48 | €31,536 | €11,792 | -€19,744 | -62.6% |
| Turnover | 70 | - | €104,857 | +€104,857 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,320 | €848 | -€471 | -35.7% |
| Other operating charges | 640/8 | €436 | €662 | +€226 | +51.8% |
| Gross operating margin | 9900 | €16,312 | €82,402 | +€66,090 | +405% |
| Operating profit (loss) | 9901 | €14,556 | €80,891 | +€66,335 | +456% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €73 | €234 | +€160 | +219% |
| Recurring financial charges | 65 | €73 | €234 | +€160 | +219% |
| Profit (loss) for the period before taxes | 9903 | €14,482 | €80,659 | +€66,176 | +457% |
| Income taxes | 67/77 | - | €8,625 | +€8,625 | |
| Profit (loss) for the period | 9904 | €14,482 | €72,033 | +€57,551 | +397% |
| Profit (loss) for the period to be appropriated | 9905 | €14,482 | €72,033 | +€57,551 | +397% |
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 22 October 2026 via checked.be.