GHH: 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.
GHH
Largest movements
- Receivables within one year -€18,504
down €18,504 (-66.5%), from €27,822 to €9,318
of which Other amounts receivable: -€17,534
- Cash +€10,996
up €10,996 (+125%), from €8,785 to €19,781
mainly Receivables within one year (+€18,504) and Other debts (+€14,078)
- Tangible fixed assets -€1,927
down €1,927 (-67.9%), from €2,839 to €912
of which Plant, machinery and equipment: -€1,673
- Profit (loss) carried forward -€44,427
down €44,427 (-3,902%), from -€1,139 to -€45,566
- Other debts +€14,078
up €14,078 (+164%), from €8,610 to €22,688
- Trade debts +€10,460
up €10,460, from €0 to €10,460
- Tax, wage and social debts +€10,454
up €10,454 (+85.4%), from €12,235 to €22,689
of which Taxes: +€11,094
- Taxes +€34,571
new in 2024: €34,571
- Gross operating margin -€19,438
down €19,438 (-37.8%), from €51,412 to €31,973
- Staff costs -€16,392
down €16,392 (-31.6%), from €51,840 to €35,448
- Depreciation -€3,369
down €3,369 (-63.6%), from €5,296 to €1,927
- Other operating charges -€2,574
down €2,574 (-41.4%), from €6,216 to €3,643
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,706 | €30,271 | -€9,435 | -23.8% |
| Fixed assets | 21/28 | €3,099 | €1,172 | -€1,927 | -62.2% |
| Tangible fixed assets | 22/27 | €2,839 | €912 | -€1,927 | -67.9% |
| Plant, machinery and equipment | 23 | €2,586 | €912 | -€1,673 | -64.7% |
| Furniture and vehicles | 24 | €254 | - | -€254 | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €36,607 | €29,099 | -€7,508 | -20.5% |
| Amounts receivable within one year | 40/41 | €27,822 | €9,318 | -€18,504 | -66.5% |
| Trade receivables | 40 | €1,171 | €201 | -€970 | -82.9% |
| Other amounts receivable | 41 | €26,651 | €9,117 | -€17,534 | -65.8% |
| Cash at bank and in hand | 54/58 | €8,785 | €19,781 | +€10,996 | +125% |
| Total equity and liabilities | 10/49 | €39,706 | €30,271 | -€9,435 | -23.8% |
| Equity | 10/15 | €18,861 | -€25,566 | -€44,427 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,139 | -€45,566 | -€44,427 | -3,902% |
| Amounts payable | 17/49 | €20,845 | €55,837 | +€34,993 | +168% |
| Amounts payable within one year | 42/48 | €20,845 | €55,837 | +€34,993 | +168% |
| Trade debts | 44 | €0 | €10,460 | +€10,460 | |
| Suppliers | 440/4 | €0 | €10,460 | +€10,460 | |
| Taxes, remuneration and social security | 45 | €12,235 | €22,689 | +€10,454 | +85.4% |
| Taxes | 450/3 | €11,594 | €22,689 | +€11,094 | +95.7% |
| Remuneration and social security | 454/9 | €640 | - | -€640 | |
| Other amounts payable | 47/48 | €8,610 | €22,688 | +€14,078 | +164% |
| Remuneration, social security and pensions | 62 | €51,840 | €35,448 | -€16,392 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,296 | €1,927 | -€3,369 | -63.6% |
| Other operating charges | 640/8 | €6,216 | €3,643 | -€2,574 | -41.4% |
| Non-recurring operating charges | 66A | €212 | - | -€212 | |
| Gross operating margin | 9900 | €51,412 | €31,973 | -€19,438 | -37.8% |
| Operating profit (loss) | 9901 | -€12,151 | -€9,044 | +€3,107 | +25.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -82.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -82.0% |
| Financial charges | 65/66B | €453 | €813 | +€359 | +79.3% |
| Recurring financial charges | 65 | €453 | €813 | +€359 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,604 | -€9,857 | +€2,747 | +21.8% |
| Income taxes | 67/77 | - | €34,571 | +€34,571 | |
| Profit (loss) for the period | 9904 | -€12,604 | -€44,427 | -€31,823 | -252% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,604 | -€44,427 | -€31,823 | -252% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.