Ghar: 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.
Ghar
Largest movements
- Receivables within one year +€78,614
up €78,614 (+242.6%), from €32,406 to €111,021
of which Trade receivables: +€55,539
- Cash -€28,882
down €28,882 (-93.3%), from €30,948 to €2,066
mainly Receivables within one year (-€78,614) and Debts after one year (-€8,097)
- Tangible fixed assets -€11,872
down €11,872 (-2.3%), from €510,836 to €498,964
- Profit (loss) carried forward +€30,686
up €30,686 (+36.7%), from -€83,515 to -€52,829
- Other debts +€15,931
up €15,931 (+3.7%), from €432,409 to €448,340
- Debts after one year -€8,097
down €8,097 (-3.8%), from €210,562 to €202,465
- Gross operating margin +€88,971
up €88,971, from -€28,833 to €60,138
- Depreciation -€23,026
down €23,026 (-66.0%), from €34,898 to €11,872
- Other operating charges -€1,154
down €1,154 (-35.6%), from €3,239 to €2,085
- Financial charges -€760
down €760 (-4.2%), from €18,108 to €17,348
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 | €576,090 | €613,951 | +€37,860 | +6.6% |
| Fixed assets | 21/28 | €510,836 | €498,964 | -€11,872 | -2.3% |
| Tangible fixed assets | 22/27 | €510,836 | €498,964 | -€11,872 | -2.3% |
| Land and buildings | 22 | €510,836 | €498,964 | -€11,872 | -2.3% |
| Current assets | 29/58 | €65,254 | €114,987 | +€49,732 | +76.2% |
| Amounts receivable within one year | 40/41 | €32,406 | €111,021 | +€78,614 | +242.6% |
| Trade receivables | 40 | €5,844 | €61,383 | +€55,539 | +950.4% |
| Other amounts receivable | 41 | €26,563 | €49,638 | +€23,075 | +86.9% |
| Cash at bank and in hand | 54/58 | €30,948 | €2,066 | -€28,882 | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,900 | €1,900 | = | 0.0% |
| Total equity and liabilities | 10/49 | €576,090 | €613,951 | +€37,860 | +6.6% |
| Equity | 10/15 | -€80,515 | -€49,829 | +€30,686 | +38.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,515 | -€52,829 | +€30,686 | +36.7% |
| Amounts payable | 17/49 | €656,605 | €663,780 | +€7,174 | +1.1% |
| Amounts payable after more than one year | 17 | €210,562 | €202,465 | -€8,097 | -3.8% |
| Financial debts | 170/4 | €210,562 | €202,465 | -€8,097 | -3.8% |
| Amounts payable within one year | 42/48 | €446,043 | €461,314 | +€15,271 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €7,790 | €8,097 | +€307 | +3.9% |
| Trade debts | 44 | €5,844 | €383 | -€5,461 | -93.5% |
| Suppliers | 440/4 | €5,844 | €383 | -€5,461 | -93.5% |
| Taxes, remuneration and social security | 45 | - | €4,494 | +€4,494 | |
| Taxes | 450/3 | - | €4,494 | +€4,494 | |
| Other amounts payable | 47/48 | €432,409 | €448,340 | +€15,931 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,898 | €11,872 | -€23,026 | -66.0% |
| Other operating charges | 640/8 | €3,239 | €2,085 | -€1,154 | -35.6% |
| Gross operating margin | 9900 | -€28,833 | €60,138 | +€88,971 | |
| Operating profit (loss) | 9901 | -€66,970 | €46,180 | +€113,151 | |
| Financial income | 75/76B | €1,563 | €1,854 | +€291 | +18.6% |
| Recurring financial income | 75 | €1,563 | €1,854 | +€291 | +18.6% |
| Financial charges | 65/66B | €18,108 | €17,348 | -€760 | -4.2% |
| Recurring financial charges | 65 | €18,108 | €17,348 | -€760 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€83,515 | €30,686 | +€114,202 | |
| Profit (loss) for the period | 9904 | -€83,515 | €30,686 | +€114,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,515 | €30,686 | +€114,202 |
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 8 October 2026 via checked.be.