GHE CONSULT: what changed
What changed
GHE CONSULT
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€49,853
2024 · €31,995+€17,858
Equity
€53,553
2024 · €3,700+€49,853
Cash
€18,791
2024 · €10,302+€8,489
Balance sheet total
€123,933
2024 · €111,868+€12,065
Largest movements
Assets
- Current investments -€10,226
down €10,226 (-77.3%), from €13,226 to €3,000
- Receivables within one year +€9,054
up €9,054 (+91.4%), from €9,910 to €18,963
of which Trade receivables: +€5,107
- Cash +€8,489
up €8,489 (+82.4%), from €10,302 to €18,791
mainly Net result for the year (+€49,853) and Current investments (+€10,226)
- Deferred charges and accrued income +€5,811
up €5,811 (+1,170%), from €496 to €6,307
Equity and liabilities
- Reserves +€49,853
up €49,853 (+1,846%), from €2,700 to €52,553
of which Distributable reserves: +€52,553
- Other debts -€31,995
down €31,995 (-100%), from €31,995 to €0
- Debts after one year -€9,928
down €9,928 (-21.0%), from €47,232 to €37,305
- Trade debts +€3,366
up €3,366 (+2,154%), from €156 to €3,522
Income statement
- Gross operating margin +€23,763
up €23,763 (+51.0%), from €46,573 to €70,336
- Taxes +€5,299
up €5,299 (+45.0%), from €11,775 to €17,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,995
Gross operating margin
+€23,763
Depreciation
+€31
Other operating charges
-€599
Financial income
+€181
Financial charges
-€219
Taxes
-€5,299
Result 2025
€49,853
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,591
Investment
+€8,649
Financing
-€9,751
Cash 2024
€10,302
From operations (derived)
+€9,591
Net result for the year
+€49,853
Depreciation
+€2,639
Receivables within one year
-€9,054
Deferred charges and accrued income
-€5,811
Trade debts
+€3,366
Tax, wage and social debts
+€392
Other debts
-€31,995
Accrued charges and deferred income
+€200
Investment (derived)
+€8,649
Investment in fixed assets (net)
-€1,578
Current investments
+€10,226
Financing
-€9,751
Debts after one year
-€9,928
Current portion of long-term debt
+€415
Short-term financial debts
-€238
Cash 2025
€18,791
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,868 | €123,933 | +€12,065 | +10.8% |
| Fixed assets | 21/28 | €77,934 | €76,872 | -€1,062 | -1.4% |
| Tangible fixed assets | 22/27 | €6,934 | €5,872 | -€1,062 | -15.3% |
| Furniture and vehicles | 24 | €6,934 | €5,872 | -€1,062 | -15.3% |
| Financial fixed assets | 28 | €71,000 | €71,000 | = | 0.0% |
| Current assets | 29/58 | €33,934 | €47,061 | +€13,127 | +38.7% |
| Amounts receivable within one year | 40/41 | €9,910 | €18,963 | +€9,054 | +91.4% |
| Trade receivables | 40 | €8,933 | €14,040 | +€5,107 | +57.2% |
| Other amounts receivable | 41 | €977 | €4,923 | +€3,946 | +404% |
| Current investments | 50/53 | €13,226 | €3,000 | -€10,226 | -77.3% |
| Cash at bank and in hand | 54/58 | €10,302 | €18,791 | +€8,489 | +82.4% |
| Deferred charges and accrued income | 490/1 | €496 | €6,307 | +€5,811 | +1,170% |
| Total equity and liabilities | 10/49 | €111,868 | €123,933 | +€12,065 | +10.8% |
| Equity | 10/15 | €3,700 | €53,553 | +€49,853 | +1,347% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,700 | €52,553 | +€49,853 | +1,846% |
| Non-distributable reserves | 130/1 | €2,700 | - | -€2,700 | |
| Other | 1319 | €2,700 | - | -€2,700 | |
| Distributable reserves | 133 | - | €52,553 | +€52,553 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €108,168 | €70,381 | -€37,788 | -34.9% |
| Amounts payable after more than one year | 17 | €47,232 | €37,305 | -€9,928 | -21.0% |
| Financial debts | 170/4 | €47,232 | €37,305 | -€9,928 | -21.0% |
| Amounts payable within one year | 42/48 | €60,936 | €32,876 | -€28,060 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €9,513 | €9,928 | +€415 | +4.4% |
| Financial debts | 43 | €3,967 | €3,729 | -€238 | -6.0% |
| Credit institutions | 430/8 | €3,967 | €3,729 | -€238 | -6.0% |
| Trade debts | 44 | €156 | €3,522 | +€3,366 | +2,154% |
| Suppliers | 440/4 | €156 | €3,522 | +€3,366 | +2,154% |
| Taxes, remuneration and social security | 45 | €15,305 | €15,697 | +€392 | +2.6% |
| Taxes | 450/3 | €15,305 | €15,697 | +€392 | +2.6% |
| Other amounts payable | 47/48 | €31,995 | €0 | -€31,995 | -100% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,670 | €2,639 | -€31 | -1.1% |
| Other operating charges | 640/8 | €2,599 | €3,198 | +€599 | +23.0% |
| Gross operating margin | 9900 | €46,573 | €70,336 | +€23,763 | +51.0% |
| Operating profit (loss) | 9901 | €41,304 | €64,498 | +€23,195 | +56.2% |
| Financial income | 75/76B | €5,830 | €6,011 | +€181 | +3.1% |
| Recurring financial income | 75 | €5,830 | €6,011 | +€181 | +3.1% |
| Financial charges | 65/66B | €3,363 | €3,582 | +€219 | +6.5% |
| Recurring financial charges | 65 | €3,363 | €3,582 | +€219 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €43,770 | €66,927 | +€23,157 | +52.9% |
| Income taxes | 67/77 | €11,775 | €17,074 | +€5,299 | +45.0% |
| Profit (loss) for the period | 9904 | €31,995 | €49,853 | +€17,858 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,995 | €49,853 | +€17,858 | +55.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.