GHIDA: 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.
GHIDA
Largest movements
- Tangible fixed assets -€9,677
down €9,677 (-7.1%), from €136,085 to €126,409
of which Furniture and vehicles: -€7,170
- Debts after one year -€15,278
down €15,278 (-9.5%), from €161,579 to €146,301
- Profit (loss) carried forward +€3,806
up €3,806 (+2.2%), from -€170,817 to -€167,012
- Other debts +€3,426
up €3,426 (+194.6%), from €1,760 to €5,186
- Current portion of long-term debt -€3,029
down €3,029 (-18.1%), from €16,706 to €13,677
- Tax, wage and social debts +€1,394
up €1,394 (+21.2%), from €6,586 to €7,980
- Other operating charges -€1,694
down €1,694 (-83.4%), from €2,032 to €338
- Depreciation -€876
down €876 (-8.3%), from €10,553 to €9,677
- Gross operating margin +€605
up €605 (+3.5%), from €17,199 to €17,804
- Taxes +€308
up €308 (+19.6%), from €1,572 to €1,879
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 | €138,531 | €129,585 | -€8,946 | -6.5% |
| Fixed assets | 21/28 | €137,337 | €127,661 | -€9,677 | -7.0% |
| Tangible fixed assets | 22/27 | €136,085 | €126,409 | -€9,677 | -7.1% |
| Land and buildings | 22 | €127,720 | €125,214 | -€2,507 | -2.0% |
| Furniture and vehicles | 24 | €8,365 | €1,195 | -€7,170 | -85.7% |
| Financial fixed assets | 28 | €1,252 | €1,252 | = | 0.0% |
| Current assets | 29/58 | €1,194 | €1,925 | +€730 | +61.1% |
| Amounts receivable within one year | 40/41 | €1,034 | €1,875 | +€841 | +81.4% |
| Other amounts receivable | 41 | €1,034 | €1,875 | +€841 | +81.4% |
| Cash at bank and in hand | 54/58 | €161 | €50 | -€111 | -69.0% |
| Total equity and liabilities | 10/49 | €138,531 | €129,585 | -€8,946 | -6.5% |
| Equity | 10/15 | -€51,209 | -€47,403 | +€3,806 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,817 | -€167,012 | +€3,806 | +2.2% |
| Amounts payable | 17/49 | €189,740 | €176,988 | -€12,752 | -6.7% |
| Amounts payable after more than one year | 17 | €161,579 | €146,301 | -€15,278 | -9.5% |
| Financial debts | 170/4 | €161,579 | €146,301 | -€15,278 | -9.5% |
| Amounts payable within one year | 42/48 | €28,161 | €30,688 | +€2,526 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €16,706 | €13,677 | -€3,029 | -18.1% |
| Trade debts | 44 | €3,109 | €3,845 | +€735 | +23.6% |
| Suppliers | 440/4 | €3,109 | €3,845 | +€735 | +23.6% |
| Taxes, remuneration and social security | 45 | €6,586 | €7,980 | +€1,394 | +21.2% |
| Taxes | 450/3 | €6,586 | €7,980 | +€1,394 | +21.2% |
| Other amounts payable | 47/48 | €1,760 | €5,186 | +€3,426 | +194.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,553 | €9,677 | -€876 | -8.3% |
| Other operating charges | 640/8 | €2,032 | €338 | -€1,694 | -83.4% |
| Gross operating margin | 9900 | €17,199 | €17,804 | +€605 | +3.5% |
| Operating profit (loss) | 9901 | €4,614 | €7,789 | +€3,175 | +68.8% |
| Financial income | 75/76B | €113 | €11 | -€101 | -89.9% |
| Recurring financial income | 75 | €113 | €11 | -€101 | -89.9% |
| Financial charges | 65/66B | €2,285 | €2,116 | -€170 | -7.4% |
| Recurring financial charges | 65 | €2,285 | €2,116 | -€170 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €2,442 | €5,685 | +€3,243 | +132.8% |
| Income taxes | 67/77 | €1,572 | €1,879 | +€308 | +19.6% |
| Profit (loss) for the period | 9904 | €870 | €3,806 | +€2,936 | +337.5% |
| Profit (loss) for the period to be appropriated | 9905 | €870 | €3,806 | +€2,936 | +337.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.