GHCD België: 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.
GHCD België
Largest movements
- Deferred charges and accrued income -€31,250
no longer reported in 2025 (was €31,250)
- Cash +€6,579
new in 2025: €6,579
mainly Deferred charges and accrued income (+€31,250) and Other debts (+€617)
- Receivables within one year +€577
up €577 (+48.7%), from €1,184 to €1,761
of which Other amounts receivable: +€484
- Trade debts -€19,821
down €19,821 (-99.5%), from €19,916 to €95
- Profit (loss) carried forward -€4,645
down €4,645 (-12.3%), from -€37,727 to -€42,372
- Other debts +€617
new in 2025: €617
- Gross operating margin +€31,680
up €31,680 (+91.7%), from -€34,561 to -€2,881
- Other operating charges -€714
down €714 (-32.5%), from €2,199 to €1,485
- Financial charges -€688
down €688 (-71.2%), from €967 to €279
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 | €32,434 | €8,341 | -€24,094 | -74.3% |
| Current assets | 29/58 | €32,434 | €8,341 | -€24,094 | -74.3% |
| Amounts receivable within one year | 40/41 | €1,184 | €1,761 | +€577 | +48.7% |
| Trade receivables | 40 | - | €93 | +€93 | |
| Other amounts receivable | 41 | €1,184 | €1,668 | +€484 | +40.9% |
| Cash at bank and in hand | 54/58 | - | €6,579 | +€6,579 | |
| Deferred charges and accrued income | 490/1 | €31,250 | - | -€31,250 | |
| Total equity and liabilities | 10/49 | €32,434 | €8,341 | -€24,094 | -74.3% |
| Equity | 10/15 | €12,273 | €7,628 | -€4,645 | -37.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,727 | -€42,372 | -€4,645 | -12.3% |
| Amounts payable | 17/49 | €20,161 | €712 | -€19,449 | -96.5% |
| Amounts payable within one year | 42/48 | €20,161 | €712 | -€19,449 | -96.5% |
| Financial debts | 43 | €57 | - | -€57 | |
| Credit institutions | 430/8 | €57 | - | -€57 | |
| Trade debts | 44 | €19,916 | €95 | -€19,821 | -99.5% |
| Suppliers | 440/4 | €19,916 | €95 | -€19,821 | -99.5% |
| Taxes, remuneration and social security | 45 | €189 | - | -€189 | |
| Taxes | 450/3 | €189 | - | -€189 | |
| Other amounts payable | 47/48 | - | €617 | +€617 | |
| Other operating charges | 640/8 | €2,199 | €1,485 | -€714 | -32.5% |
| Gross operating margin | 9900 | -€34,561 | -€2,881 | +€31,680 | +91.7% |
| Operating profit (loss) | 9901 | -€36,760 | -€4,366 | +€32,394 | +88.1% |
| Financial charges | 65/66B | €967 | €279 | -€688 | -71.2% |
| Recurring financial charges | 65 | €967 | €279 | -€688 | -71.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,727 | -€4,645 | +€33,082 | +87.7% |
| Profit (loss) for the period | 9904 | -€37,727 | -€4,645 | +€33,082 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,727 | -€4,645 | +€33,082 | +87.7% |
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 17 October 2026 via checked.be.