GHIDOU: 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.
GHIDOU
Largest movements
- Cash +€16,088
up €16,088 (+21.7%), from €74,198 to €90,286
mainly Net result for the year (+€11,650) and Receivables within one year (+€2,582)
- Receivables within one year -€2,582
down €2,582 (-37.6%), from €6,863 to €4,281
- Profit (loss) carried forward +€11,650
up €11,650 (+254%), from €4,586 to €16,236
- Trade debts +€1,940
up €1,940 (+42.6%), from €4,552 to €6,491
- Staff costs +€16,284
up €16,284 (+92.3%), from €17,638 to €33,922
- Gross operating margin +€4,961
up €4,961 (+11.1%), from €44,789 to €49,750
- Taxes -€2,003
down €2,003 (-38.1%), from €5,262 to €3,259
- Depreciation -€948
down €948 (-71.2%), from €1,333 to €384
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 | €82,342 | €95,464 | +€13,122 | +15.9% |
| Fixed assets | 21/28 | €1,281 | €897 | -€384 | -30.0% |
| Tangible fixed assets | 22/27 | €1,281 | €897 | -€384 | -30.0% |
| Furniture and vehicles | 24 | €1,281 | €897 | -€384 | -30.0% |
| Current assets | 29/58 | €81,061 | €94,567 | +€13,506 | +16.7% |
| Amounts receivable within one year | 40/41 | €6,863 | €4,281 | -€2,582 | -37.6% |
| Other amounts receivable | 41 | €6,863 | €4,281 | -€2,582 | -37.6% |
| Cash at bank and in hand | 54/58 | €74,198 | €90,286 | +€16,088 | +21.7% |
| Total equity and liabilities | 10/49 | €82,342 | €95,464 | +€13,122 | +15.9% |
| Equity | 10/15 | €74,586 | €86,236 | +€11,650 | +15.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,586 | €16,236 | +€11,650 | +254% |
| Amounts payable | 17/49 | €7,756 | €9,228 | +€1,472 | +19.0% |
| Amounts payable within one year | 42/48 | €7,756 | €9,228 | +€1,472 | +19.0% |
| Trade debts | 44 | €4,552 | €6,491 | +€1,940 | +42.6% |
| Suppliers | 440/4 | €4,552 | €6,491 | +€1,940 | +42.6% |
| Taxes, remuneration and social security | 45 | €3,205 | €2,737 | -€467 | -14.6% |
| Remuneration and social security | 454/9 | €3,205 | €2,737 | -€467 | -14.6% |
| Remuneration, social security and pensions | 62 | €17,638 | €33,922 | +€16,284 | +92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,333 | €384 | -€948 | -71.2% |
| Other operating charges | 640/8 | €460 | €429 | -€32 | -6.8% |
| Gross operating margin | 9900 | €44,789 | €49,750 | +€4,961 | +11.1% |
| Operating profit (loss) | 9901 | €25,358 | €15,015 | -€10,343 | -40.8% |
| Financial income | 75/76B | €1 | €1 | +€0 | +32.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +32.6% |
| Financial charges | 65/66B | €129 | €107 | -€22 | -16.8% |
| Recurring financial charges | 65 | €129 | €107 | -€22 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €25,229 | €14,908 | -€10,321 | -40.9% |
| Income taxes | 67/77 | €5,262 | €3,259 | -€2,003 | -38.1% |
| Profit (loss) for the period | 9904 | €19,967 | €11,650 | -€8,318 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,967 | €11,650 | -€8,318 | -41.7% |
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 20 October 2026 via checked.be.