GHIDES: 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.
GHIDES
Largest movements
- Stocks and contracts +€23,892
up €23,892 (+6.3%), from €378,938 to €402,829
- Cash -€8,693
down €8,693 (-6.7%), from €129,063 to €120,369
mainly Stocks and contracts (-€23,892) and Net result for the year (-€4,912)
- Other debts +€19,113
up €19,113 (+4.0%), from €478,127 to €497,240
- Financial charges -€22,895
down €22,895 (-98.5%), from €23,239 to €344
- Gross operating margin -€1,171
down €1,171 (-50.7%), from -€2,310 to -€3,481
- Other operating charges +€900
up €900 (+481.3%), from €187 to €1,086
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 | €508,000 | €523,199 | +€15,198 | +3.0% |
| Current assets | 29/58 | €508,000 | €523,199 | +€15,198 | +3.0% |
| Stocks and contracts in progress | 3 | €378,938 | €402,829 | +€23,892 | +6.3% |
| Stocks | 30/36 | €378,938 | €402,829 | +€23,892 | +6.3% |
| Cash at bank and in hand | 54/58 | €129,063 | €120,369 | -€8,693 | -6.7% |
| Total equity and liabilities | 10/49 | €508,000 | €523,199 | +€15,198 | +3.0% |
| Equity | 10/15 | -€11,282 | -€16,194 | -€4,912 | -43.5% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €16,782 | €16,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,304 | €0 | -€9,304 | -100.0% |
| Reserves not available under the articles | 1311 | €9,304 | €0 | -€9,304 | -100.0% |
| Distributable reserves | 133 | €7,478 | €16,782 | +€9,304 | +124.4% |
| Profit (loss) carried forward | 14 | -€243,064 | -€247,976 | -€4,912 | -2.0% |
| Amounts payable | 17/49 | €519,283 | €539,393 | +€20,110 | +3.9% |
| Amounts payable within one year | 42/48 | €482,174 | €501,870 | +€19,696 | +4.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,046 | €4,630 | +€584 | +14.4% |
| Taxes | 450/3 | €4,046 | €4,630 | +€584 | +14.4% |
| Other amounts payable | 47/48 | €478,127 | €497,240 | +€19,113 | +4.0% |
| Accrued charges and deferred income | 492/3 | €37,109 | €37,523 | +€414 | +1.1% |
| Other operating charges | 640/8 | €187 | €1,086 | +€900 | +481.3% |
| Gross operating margin | 9900 | -€2,310 | -€3,481 | -€1,171 | -50.7% |
| Operating profit (loss) | 9901 | -€2,497 | -€4,567 | -€2,070 | -82.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €23,239 | €344 | -€22,895 | -98.5% |
| Recurring financial charges | 65 | €23,239 | €344 | -€22,895 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,736 | -€4,912 | +€20,825 | +80.9% |
| Profit (loss) for the period | 9904 | -€25,736 | -€4,912 | +€20,825 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,736 | -€4,912 | +€20,825 | +80.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.