GHC-TECH: 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.
GHC-TECH
Largest movements
- Cash +€80,175
up €80,175 (+140%), from €57,136 to €137,311
mainly Net result for the year (+€54,474) and Other debts (+€34,773)
- Tangible fixed assets +€27,215
up €27,215 (+202%), from €13,503 to €40,718
of which Furniture and vehicles: +€25,479
- Stocks and contracts +€3,379
up €3,379 (+66.7%), from €5,063 to €8,442
- Deferred charges and accrued income +€2,598
up €2,598 (+110%), from €2,364 to €4,962
- Profit (loss) carried forward +€54,474
up €54,474 (+261%), from €20,857 to €75,332
- Other debts +€34,773
up €34,773 (+63.7%), from €54,552 to €89,325
- Tax, wage and social debts +€19,290
up €19,290 (+368%), from €5,240 to €24,530
of which Taxes: +€11,790
- Trade debts +€3,003
up €3,003 (+192%), from €1,563 to €4,566
- Gross operating margin +€69,374
up €69,374 (+210%), from €33,030 to €102,404
- Staff costs +€20,157
new in 2025: €20,157
- Taxes +€11,790
up €11,790 (+225%), from €5,240 to €17,030
- Depreciation +€3,968
up €3,968 (+63.5%), from €6,247 to €10,215
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 | €83,212 | €194,752 | +€111,541 | +134% |
| Fixed assets | 21/28 | €13,503 | €40,718 | +€27,215 | +202% |
| Tangible fixed assets | 22/27 | €13,503 | €40,718 | +€27,215 | +202% |
| Plant, machinery and equipment | 23 | €448 | €2,183 | +€1,735 | +388% |
| Furniture and vehicles | 24 | €13,055 | €38,535 | +€25,479 | +195% |
| Current assets | 29/58 | €69,708 | €154,034 | +€84,326 | +121% |
| Stocks and contracts in progress | 3 | €5,063 | €8,442 | +€3,379 | +66.7% |
| Stocks | 30/36 | €5,063 | €8,442 | +€3,379 | +66.7% |
| Amounts receivable within one year | 40/41 | €5,145 | €3,320 | -€1,826 | -35.5% |
| Trade receivables | 40 | €3,624 | €773 | -€2,851 | -78.7% |
| Other amounts receivable | 41 | €1,521 | €2,547 | +€1,026 | +67.4% |
| Cash at bank and in hand | 54/58 | €57,136 | €137,311 | +€80,175 | +140% |
| Deferred charges and accrued income | 490/1 | €2,364 | €4,962 | +€2,598 | +110% |
| Total equity and liabilities | 10/49 | €83,212 | €194,752 | +€111,541 | +134% |
| Equity | 10/15 | €21,857 | €76,332 | +€54,474 | +249% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,857 | €75,332 | +€54,474 | +261% |
| Amounts payable | 17/49 | €61,354 | €118,421 | +€57,066 | +93.0% |
| Amounts payable within one year | 42/48 | €61,354 | €118,421 | +€57,066 | +93.0% |
| Trade debts | 44 | €1,563 | €4,566 | +€3,003 | +192% |
| Suppliers | 440/4 | €1,563 | €4,566 | +€3,003 | +192% |
| Taxes, remuneration and social security | 45 | €5,240 | €24,530 | +€19,290 | +368% |
| Taxes | 450/3 | €5,240 | €17,030 | +€11,790 | +225% |
| Remuneration and social security | 454/9 | - | €7,500 | +€7,500 | |
| Other amounts payable | 47/48 | €54,552 | €89,325 | +€34,773 | +63.7% |
| Remuneration, social security and pensions | 62 | - | €20,157 | +€20,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,247 | €10,215 | +€3,968 | +63.5% |
| Other operating charges | 640/8 | €905 | €724 | -€181 | -20.0% |
| Gross operating margin | 9900 | €33,030 | €102,404 | +€69,374 | +210% |
| Operating profit (loss) | 9901 | €25,878 | €71,308 | +€45,430 | +176% |
| Financial income | 75/76B | €592 | €923 | +€330 | +55.8% |
| Recurring financial income | 75 | €592 | €923 | +€330 | +55.8% |
| Financial charges | 65/66B | €373 | €727 | +€353 | +94.6% |
| Recurring financial charges | 65 | €373 | €727 | +€353 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €26,097 | €71,504 | +€45,407 | +174% |
| Income taxes | 67/77 | €5,240 | €17,030 | +€11,790 | +225% |
| Profit (loss) for the period | 9904 | €20,857 | €54,474 | +€33,617 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €20,857 | €54,474 | +€33,617 | +161% |
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 24 October 2026 via checked.be.