GHEMIC: 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.
GHEMIC
Largest movements
- Receivables within one year -€34,279
down €34,279 (-2.9%), from €1.2m to €1.2m
of which Other amounts receivable: -€26,405
- Financial fixed assets +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Tangible fixed assets +€13,595
new in 2025: €13,595
- Profit (loss) carried forward +€23,765
up €23,765 (+2.2%), from €1.1m to €1.1m
- Trade debts -€17,264
down €17,264 (-53.8%), from €32,075 to €14,811
- Gross operating margin +€26,902
up €26,902, from -€15,050 to €11,852
- Taxes +€7,960
up €7,960 (+94.2%), from €8,450 to €16,410
- Other operating charges -€3,385
down €3,385 (-31.6%), from €10,720 to €7,336
- Financial charges -€2,713
down €2,713 (-22.3%), from €12,170 to €9,457
- Depreciation +€1,645
up €1,645, from €0 to €1,645
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 | €1,264,073 | €1,271,062 | +€6,988 | +0.6% |
| Fixed assets | 21/28 | €25,000 | €63,595 | +€38,595 | +154.4% |
| Tangible fixed assets | 22/27 | - | €13,595 | +€13,595 | |
| Furniture and vehicles | 24 | - | €13,595 | +€13,595 | |
| Financial fixed assets | 28 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Current assets | 29/58 | €1,239,073 | €1,207,467 | -€31,606 | -2.6% |
| Amounts receivable within one year | 40/41 | €1,188,804 | €1,154,525 | -€34,279 | -2.9% |
| Trade receivables | 40 | €25,336 | €17,462 | -€7,874 | -31.1% |
| Other amounts receivable | 41 | €1,163,468 | €1,137,063 | -€26,405 | -2.3% |
| Cash at bank and in hand | 54/58 | €907 | €1,855 | +€948 | +104.5% |
| Deferred charges and accrued income | 490/1 | €49,362 | €51,087 | +€1,725 | +3.5% |
| Total equity and liabilities | 10/49 | €1,264,073 | €1,271,062 | +€6,988 | +0.6% |
| Equity | 10/15 | €1,213,095 | €1,236,860 | +€23,765 | +2.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,098,735 | €1,122,500 | +€23,765 | +2.2% |
| Amounts payable | 17/49 | €50,979 | €34,202 | -€16,777 | -32.9% |
| Amounts payable within one year | 42/48 | €49,338 | €32,561 | -€16,777 | -34.0% |
| Trade debts | 44 | €32,075 | €14,811 | -€17,264 | -53.8% |
| Suppliers | 440/4 | €32,075 | €14,811 | -€17,264 | -53.8% |
| Advances received on contracts in progress | 46 | €6,050 | €0 | -€6,050 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,213 | €17,750 | +€6,537 | +58.3% |
| Taxes | 450/3 | €11,213 | €17,750 | +€6,537 | +58.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,640 | €1,640 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,645 | +€1,645 | |
| Other operating charges | 640/8 | €10,720 | €7,336 | -€3,385 | -31.6% |
| Gross operating margin | 9900 | -€15,050 | €11,852 | +€26,902 | |
| Operating profit (loss) | 9901 | -€25,770 | €2,871 | +€28,641 | |
| Financial income | 75/76B | €45,265 | €46,761 | +€1,496 | +3.3% |
| Recurring financial income | 75 | €45,265 | €46,761 | +€1,496 | +3.3% |
| Financial charges | 65/66B | €12,170 | €9,457 | -€2,713 | -22.3% |
| Recurring financial charges | 65 | €12,170 | €9,457 | -€2,713 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €7,324 | €40,175 | +€32,851 | +448.5% |
| Income taxes | 67/77 | €8,450 | €16,410 | +€7,960 | +94.2% |
| Profit (loss) for the period | 9904 | -€1,126 | €23,765 | +€24,891 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,126 | €23,765 | +€24,891 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.