GHEYSENS: what changed
GHEYSENS
Largest movements
- Receivables within one year +€71,202
up €71,202 (+21.2%), from €335,296 to €406,498
of which Other amounts receivable: +€110,928
- Cash -€39,769
down €39,769 (-49.2%), from €80,800 to €41,031
mainly Trade debts (-€74,507) and Receivables within one year (-€71,202)
- Tangible fixed assets -€30,779
down €30,779 (-47.2%), from €65,268 to €34,489
of which Furniture and vehicles: -€31,495
- Advances received +€98,185
up €98,185 (+28.1%), from €349,026 to €447,211
- Trade debts -€74,507
down €74,507 (-77.0%), from €96,800 to €22,293
- Tax, wage and social debts -€16,966
down €16,966 (-50.5%), from €33,578 to €16,612
- Gross operating margin -€40,359
down €40,359 (-55.0%), from €73,419 to €33,061
- Taxes -€12,228
down €12,228 (-39.5%), from €30,966 to €18,739
- Other operating charges -€8,797
down €8,797 (-74.9%), from €11,749 to €2,952
- Financial income +€3,132
up €3,132 (+20.7%), from €15,129 to €18,261
- Financial charges -€1,153
down €1,153 (-73.1%), from €1,577 to €424
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,107,479 | €1,111,461 | +€3,982 | +0.4% |
| Fixed assets | 21/28 | €86,068 | €55,289 | -€30,779 | -35.8% |
| Tangible fixed assets | 22/27 | €65,268 | €34,489 | -€30,779 | -47.2% |
| Plant, machinery and equipment | 23 | €311 | €1,027 | +€716 | +230% |
| Furniture and vehicles | 24 | €64,957 | €33,462 | -€31,495 | -48.5% |
| Financial fixed assets | 28 | €20,800 | €20,800 | = | 0.0% |
| Current assets | 29/58 | €1,021,411 | €1,056,172 | +€34,761 | +3.4% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €335,296 | €406,498 | +€71,202 | +21.2% |
| Trade receivables | 40 | €44,727 | €5,000 | -€39,727 | -88.8% |
| Other amounts receivable | 41 | €290,569 | €401,498 | +€110,928 | +38.2% |
| Cash at bank and in hand | 54/58 | €80,800 | €41,031 | -€39,769 | -49.2% |
| Deferred charges and accrued income | 490/1 | €5,315 | €8,643 | +€3,328 | +62.6% |
| Total equity and liabilities | 10/49 | €1,107,479 | €1,111,461 | +€3,982 | +0.4% |
| Equity | 10/15 | €622,868 | €620,847 | -€2,021 | -0.3% |
| Contributions | 10/11 | €19,295 | €19,295 | = | 0.0% |
| Reserves | 13 | €340,235 | €340,235 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,529 | €3,529 | = | 0.0% |
| Distributable reserves | 133 | €336,706 | €336,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,338 | €261,317 | -€2,021 | -0.8% |
| Provisions and deferred taxes | 16 | €5,207 | €4,497 | -€710 | -13.6% |
| Provisions for liabilities and charges | 160/5 | €5,207 | €4,497 | -€710 | -13.6% |
| Other liabilities and charges | 164/5 | €5,207 | €4,497 | -€710 | -13.6% |
| Amounts payable | 17/49 | €479,404 | €486,116 | +€6,712 | +1.4% |
| Amounts payable within one year | 42/48 | €479,404 | €486,116 | +€6,712 | +1.4% |
| Trade debts | 44 | €96,800 | €22,293 | -€74,507 | -77.0% |
| Suppliers | 440/4 | €96,800 | €22,293 | -€74,507 | -77.0% |
| Advances received on contracts in progress | 46 | €349,026 | €447,211 | +€98,185 | +28.1% |
| Taxes, remuneration and social security | 45 | €33,578 | €16,612 | -€16,966 | -50.5% |
| Taxes | 450/3 | €33,578 | €16,612 | -€16,966 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,099 | €31,938 | -€161 | -0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€76 | -€710 | -€633 | -830% |
| Other operating charges | 640/8 | €11,749 | €2,952 | -€8,797 | -74.9% |
| Gross operating margin | 9900 | €73,419 | €33,061 | -€40,359 | -55.0% |
| Operating profit (loss) | 9901 | €29,648 | -€1,119 | -€30,767 | |
| Financial income | 75/76B | €15,129 | €18,261 | +€3,132 | +20.7% |
| Recurring financial income | 75 | €15,129 | €18,261 | +€3,132 | +20.7% |
| Financial charges | 65/66B | €1,577 | €424 | -€1,153 | -73.1% |
| Recurring financial charges | 65 | €1,577 | €424 | -€1,153 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €43,200 | €16,718 | -€26,482 | -61.3% |
| Income taxes | 67/77 | €30,966 | €18,739 | -€12,228 | -39.5% |
| Profit (loss) for the period | 9904 | €12,234 | -€2,021 | -€14,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,234 | -€2,021 | -€14,255 |
Next steps
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 8 November 2026 via checked.be.