GHB: 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.
GHB
Largest movements
- Cash -€7,188
down €7,188 (-40.9%), from €17,587 to €10,399
mainly Debts after one year (-€26,299) and Trade debts (-€8,101)
- Profit (loss) carried forward +€29,208
up €29,208 (+18.6%), from €156,919 to €186,127
- Debts after one year -€26,299
down €26,299 (-12.1%), from €218,005 to €191,705
- Trade debts -€8,101
down €8,101 (-100.0%), from €8,101 to €0
- Gross operating margin +€6,098
up €6,098 (+15.4%), from €39,508 to €45,606
- Taxes +€2,491
up €2,491 (+30.4%), from €8,196 to €10,687
- Financial charges -€663
down €663 (-10.6%), from €6,274 to €5,612
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 | €433,667 | €425,479 | -€8,188 | -1.9% |
| Fixed assets | 21/28 | €414,364 | €414,364 | = | 0.0% |
| Tangible fixed assets | 22/27 | €414,364 | €414,364 | = | 0.0% |
| Land and buildings | 22 | €414,364 | €414,364 | = | 0.0% |
| Current assets | 29/58 | €19,303 | €11,116 | -€8,188 | -42.4% |
| Amounts receivable within one year | 40/41 | €1,717 | €717 | -€1,000 | -58.3% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €1,717 | €717 | -€1,000 | -58.3% |
| Cash at bank and in hand | 54/58 | €17,587 | €10,399 | -€7,188 | -40.9% |
| Total equity and liabilities | 10/49 | €433,667 | €425,479 | -€8,188 | -1.9% |
| Equity | 10/15 | €164,998 | €194,205 | +€29,208 | +17.7% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €1,877 | €1,877 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,877 | €1,877 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,877 | €1,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,919 | €186,127 | +€29,208 | +18.6% |
| Amounts payable | 17/49 | €268,669 | €231,274 | -€37,395 | -13.9% |
| Amounts payable after more than one year | 17 | €218,005 | €191,705 | -€26,299 | -12.1% |
| Financial debts | 170/4 | €218,005 | €191,705 | -€26,299 | -12.1% |
| Amounts payable within one year | 42/48 | €50,665 | €39,569 | -€11,096 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €28,256 | €26,300 | -€1,956 | -6.9% |
| Trade debts | 44 | €8,101 | €0 | -€8,101 | -100.0% |
| Suppliers | 440/4 | €8,101 | €0 | -€8,101 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,047 | €10,647 | +€1,600 | +17.7% |
| Taxes | 450/3 | €9,047 | €10,647 | +€1,600 | +17.7% |
| Other amounts payable | 47/48 | €5,261 | €2,622 | -€2,639 | -50.2% |
| Other operating charges | 640/8 | €100 | €100 | = | 0.0% |
| Gross operating margin | 9900 | €39,508 | €45,606 | +€6,098 | +15.4% |
| Operating profit (loss) | 9901 | €39,408 | €45,506 | +€6,098 | +15.5% |
| Financial charges | 65/66B | €6,274 | €5,612 | -€663 | -10.6% |
| Recurring financial charges | 65 | €6,274 | €5,612 | -€663 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €33,134 | €39,895 | +€6,761 | +20.4% |
| Income taxes | 67/77 | €8,196 | €10,687 | +€2,491 | +30.4% |
| Profit (loss) for the period | 9904 | €24,938 | €29,208 | +€4,270 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,938 | €29,208 | +€4,270 | +17.1% |
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 12 October 2026 via checked.be.