GHALI: what changed
Two fiscal 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.
What changed
GHALI
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€53,501
2024 · €50,285+€3,216
Equity
€69,041
2024 · €69,541-€500
Cash
€116,098
2024 · €116,800-€702
Balance sheet total
€136,205
2024 · €141,038-€4,833
Largest movements
Assets
- Deferred charges and accrued income -€4,315
down €4,315 (-57.9%), from €7,454 to €3,139
Equity and liabilities
- Other debts -€5,570
down €5,570 (-10.9%), from €51,150 to €45,580
Income statement
- Gross operating margin +€4,394
up €4,394 (+6.2%), from €70,828 to €75,222
- Turnover +€4,151
up €4,151 (+2.9%), from €144,699 to €148,850
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.
Result 2024
€50,285
Gross operating margin
+€4,394
Other operating charges
-€146
Financial charges
-€31
Taxes
-€1,000
Result 2025
€53,501
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.
From operations
+€53,299
Investment
+€0
Financing
-€54,001
Cash 2024
€116,800
From operations (derived)
+€53,299
Net result for the year
+€53,501
Receivables within one year
-€184
Deferred charges and accrued income
+€4,315
Trade debts
+€1,099
Tax, wage and social debts
+€137
Other debts
-€5,570
Investment (derived)
+€0
Investment in fixed assets (net)
+€0
Financing
-€54,001
Contributions, distributions and other
-€54,001
Cash 2025
€116,098
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,038 | €136,205 | -€4,833 | -3.4% |
| Formation expenses | 20 | €1,105 | €1,105 | -€0 | 0.0% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €139,933 | €135,100 | -€4,833 | -3.5% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €15,679 | €15,863 | +€184 | +1.2% |
| Trade receivables | 40 | €13,923 | €14,107 | +€184 | +1.3% |
| Other amounts receivable | 41 | €1,756 | €1,756 | -€0 | 0.0% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €116,800 | €116,098 | -€702 | -0.6% |
| Deferred charges and accrued income | 490/1 | €7,454 | €3,139 | -€4,315 | -57.9% |
| Total equity and liabilities | 10/49 | €141,038 | €136,205 | -€4,833 | -3.4% |
| Equity | 10/15 | €69,541 | €69,041 | -€500 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €0 | €0 | = | |
| Outside capital | 11 | €0 | €0 | = | |
| Share premium | 1100/10 | €0 | €0 | = | |
| Other | 1109/19 | €0 | €0 | = | |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Legal reserve | 130 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €941 | €441 | -€500 | -53.1% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,497 | €67,163 | -€4,334 | -6.1% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €71,497 | €67,163 | -€4,334 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €175 | €1,274 | +€1,099 | +628.2% |
| Suppliers | 440/4 | €175 | €1,274 | +€1,099 | +628.2% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €20,172 | €20,309 | +€137 | +0.7% |
| Taxes | 450/3 | €20,172 | €20,309 | +€137 | +0.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €51,150 | €45,580 | -€5,570 | -10.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €144,699 | €148,850 | +€4,151 | +2.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €73,871 | €73,628 | -€243 | -0.3% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €0 | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €2,355 | €2,501 | +€146 | +6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €70,828 | €75,222 | +€4,394 | +6.2% |
| Operating profit (loss) | 9901 | €68,473 | €72,721 | +€4,248 | +6.2% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €188 | €219 | +€31 | +16.7% |
| Recurring financial charges | 65 | €188 | €219 | +€31 | +16.7% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €68,285 | €72,501 | +€4,216 | +6.2% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €18,000 | €19,000 | +€1,000 | +5.6% |
| Profit (loss) for the period | 9904 | €50,285 | €53,501 | +€3,216 | +6.4% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €50,285 | €53,501 | +€3,216 | +6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.