GHIJUMA: 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.
What changed
GHIJUMA
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€47,191
2024 · -€137,927+€90,736
Equity
€2.8m
2024 · €2.9m-€48,169
Cash
€42,797
2024 · €12,100+€30,697
Balance sheet total
€5.6m
2024 · €5.6m+€1,481
Largest movements
Assets
- Receivables within one year -€109,986
no longer reported in 2025 (was €109,986)
- Tangible fixed assets +€80,770
up €80,770 (+1.5%), from €5.5m to €5.5m
of which Land and buildings: +€103,812
Equity and liabilities
- Short-term financial debts +€150,000
new in 2025: €150,000
- Debts after one year -€135,897
down €135,897 (-9.9%), from €1.4m to €1.2m
of which Financial debts: -€124,507
Income statement
- Depreciation -€146,573
down €146,573 (-54.8%), from €267,572 to €120,999
- Gross operating margin -€25,436
down €25,436 (-11.7%), from €217,537 to €192,101
- Financial charges +€15,874
up €15,874 (+48.0%), from €33,092 to €48,966
- Staff costs +€10,391
up €10,391 (+25.6%), from €40,604 to €50,995
- Other operating charges +€4,136
up €4,136 (+11.3%), from €36,441 to €40,577
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.
Result 2024
-€137,927
Gross operating margin
-€25,436
Staff costs
-€10,391
Depreciation
+€146,573
Other operating charges
-€4,136
Financial charges
-€15,874
Result 2025
-€47,191
raises the resultlowers the result
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.
From operations
+€215,731
Investment
-€201,770
Financing
+€16,735
Cash 2024
€12,100
From operations (derived)
+€215,731
Net result for the year
-€47,191
Depreciation
+€120,999
Receivables within one year
+€109,986
Provisions
-€17,346
Trade debts
+€18,279
Other debts
+€31,004
Investment (derived)
-€201,770
Investment in fixed assets (net)
-€201,769
Current investments
-€0
Financing
+€16,735
Debts after one year
-€135,897
Current portion of long-term debt
+€3,610
Short-term financial debts
+€150,000
Contributions, distributions and other
-€978
Cash 2025
€42,797
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,573,107 | €5,574,588 | +€1,481 | 0.0% |
| Fixed assets | 21/28 | €5,450,973 | €5,531,744 | +€80,770 | +1.5% |
| Tangible fixed assets | 22/27 | €5,450,265 | €5,531,036 | +€80,770 | +1.5% |
| Land and buildings | 22 | €5,381,254 | €5,485,066 | +€103,812 | +1.9% |
| Furniture and vehicles | 24 | €69,012 | €45,970 | -€23,042 | -33.4% |
| Financial fixed assets | 28 | €708 | €708 | = | 0.0% |
| Current assets | 29/58 | €122,134 | €42,845 | -€79,289 | -64.9% |
| Amounts receivable within one year | 40/41 | €109,986 | - | -€109,986 | |
| Trade receivables | 40 | €109,986 | - | -€109,986 | |
| Current investments | 50/53 | €48 | €48 | +€0 | +0.8% |
| Cash at bank and in hand | 54/58 | €12,100 | €42,797 | +€30,697 | +254% |
| Total equity and liabilities | 10/49 | €5,573,107 | €5,574,588 | +€1,481 | 0.0% |
| Equity | 10/15 | €2,882,969 | €2,834,799 | -€48,169 | -1.7% |
| Contributions | 10/11 | €1,382,130 | €1,382,130 | = | 0.0% |
| Capital | 10 | €1,382,130 | €1,382,130 | = | 0.0% |
| Issued capital | 100 | €1,382,130 | €1,382,130 | = | 0.0% |
| Reserves | 13 | €1,400,450 | €1,347,493 | -€52,956 | -3.8% |
| Non-distributable reserves | 130/1 | €36,500 | €36,500 | = | 0.0% |
| Legal reserve | 130 | €36,500 | €36,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,337,005 | €1,284,049 | -€52,956 | -4.0% |
| Distributable reserves | 133 | €26,945 | €26,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,389 | €105,176 | +€4,787 | +4.8% |
| Provisions and deferred taxes | 16 | €486,410 | €469,064 | -€17,346 | -3.6% |
| Provisions for liabilities and charges | 160/5 | - | €4,899 | +€4,899 | |
| Pensions and similar obligations | 160 | - | €4,899 | +€4,899 | |
| Deferred taxes | 168 | €486,410 | €464,165 | -€22,244 | -4.6% |
| Amounts payable | 17/49 | €2,203,729 | €2,270,725 | +€66,996 | +3.0% |
| Amounts payable after more than one year | 17 | €1,368,993 | €1,233,096 | -€135,897 | -9.9% |
| Financial debts | 170/4 | €1,357,603 | €1,233,096 | -€124,507 | -9.2% |
| Other amounts payable | 178/9 | €11,390 | - | -€11,390 | |
| Amounts payable within one year | 42/48 | €834,736 | €1,037,629 | +€202,893 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €133,008 | €136,618 | +€3,610 | +2.7% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €9,830 | €28,110 | +€18,279 | +186% |
| Suppliers | 440/4 | €9,830 | €28,110 | +€18,279 | +186% |
| Other amounts payable | 47/48 | €691,898 | €722,902 | +€31,004 | +4.5% |
| Remuneration, social security and pensions | 62 | €40,604 | €50,995 | +€10,391 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,572 | €120,999 | -€146,573 | -54.8% |
| Other operating charges | 640/8 | €36,441 | €40,577 | +€4,136 | +11.3% |
| Gross operating margin | 9900 | €217,537 | €192,101 | -€25,436 | -11.7% |
| Operating profit (loss) | 9901 | -€127,080 | -€20,469 | +€106,610 | +83.9% |
| Financial charges | 65/66B | €33,092 | €48,966 | +€15,874 | +48.0% |
| Recurring financial charges | 65 | €33,092 | €48,966 | +€15,874 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | -€160,171 | -€69,435 | +€90,736 | +56.6% |
| Transfer from deferred taxes | 780 | €22,244 | €22,244 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€137,927 | -€47,191 | +€90,736 | +65.8% |
| Transfer from tax-exempt reserves | 789 | €52,956 | €52,956 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,971 | €5,765 | +€90,736 |
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 14 October 2026 via checked.be.