GHEYSELS - DE GRAVE: 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.
GHEYSELS - DE GRAVE
Largest movements
- Receivables within one year -€2,146
down €2,146 (-12.3%), from €17,500 to €15,354
- Reserves -€4,458
down €4,458 (-8.3%), from €53,988 to €49,530
of which Distributable reserves: -€4,458
- Profit (loss) carried forward +€2,402
no longer reported in 2025 (was -€2,402)
- Gross operating margin +€397
up €397 (+52.1%), from €761 to €1,158
- Other operating charges +€98
up €98 (+3.1%), from €3,120 to €3,218
- Financial charges -€48
down €48, from €44 to -€4
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 | €114,004 | €111,750 | -€2,253 | -2.0% |
| Fixed assets | 21/28 | €96,366 | €96,366 | = | 0.0% |
| Tangible fixed assets | 22/27 | €96,366 | €96,366 | = | 0.0% |
| Land and buildings | 22 | €96,366 | €96,366 | = | 0.0% |
| Current assets | 29/58 | €17,637 | €15,384 | -€2,253 | -12.8% |
| Amounts receivable within one year | 40/41 | €17,500 | €15,354 | -€2,146 | -12.3% |
| Other amounts receivable | 41 | €17,500 | €15,354 | -€2,146 | -12.3% |
| Cash at bank and in hand | 54/58 | €137 | €30 | -€108 | -78.3% |
| Total equity and liabilities | 10/49 | €114,004 | €111,750 | -€2,253 | -2.0% |
| Equity | 10/15 | €113,806 | €111,750 | -€2,056 | -1.8% |
| Contributions | 10/11 | €62,221 | €62,221 | = | 0.0% |
| Capital | 10 | €62,221 | €62,221 | = | 0.0% |
| Issued capital | 100 | €62,221 | €62,221 | = | 0.0% |
| Reserves | 13 | €53,988 | €49,530 | -€4,458 | -8.3% |
| Non-distributable reserves | 130/1 | €6,222 | €6,222 | = | 0.0% |
| Legal reserve | 130 | €6,222 | €6,222 | = | 0.0% |
| Distributable reserves | 133 | €47,766 | €43,308 | -€4,458 | -9.3% |
| Profit (loss) carried forward | 14 | -€2,402 | - | +€2,402 | |
| Amounts payable | 17/49 | €197 | - | -€197 | |
| Amounts payable within one year | 42/48 | €197 | - | -€197 | |
| Trade debts | 44 | €197 | - | -€197 | |
| Suppliers | 440/4 | €197 | - | -€197 | |
| Other operating charges | 640/8 | €3,120 | €3,218 | +€98 | +3.1% |
| Gross operating margin | 9900 | €761 | €1,158 | +€397 | +52.1% |
| Operating profit (loss) | 9901 | -€2,359 | -€2,060 | +€299 | +12.7% |
| Financial charges | 65/66B | €44 | -€4 | -€48 | |
| Recurring financial charges | 65 | €44 | -€4 | -€48 | |
| Profit (loss) for the period before taxes | 9903 | -€2,402 | -€2,056 | +€347 | +14.4% |
| Profit (loss) for the period | 9904 | -€2,402 | -€2,056 | +€347 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,402 | -€2,056 | +€347 | +14.4% |
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 29 October 2026 via checked.be.