Ghimire: 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.
Ghimire
Largest movements
- Deferred charges and accrued income -€7,925
no longer reported in 2025 (was €7,925)
- Stocks and contracts -€5,850
down €5,850 (-63.2%), from €9,260 to €3,410
- Tangible fixed assets -€5,242
down €5,242 (-14.0%), from €37,362 to €32,120
of which Furniture and vehicles: -€5,561
- Trade debts -€25,994
down €25,994 (-81.4%), from €31,923 to €5,929
- Profit (loss) carried forward +€16,334
up €16,334 (+31.4%), from -€52,090 to -€35,756
- Debts after one year -€14,826
down €14,826 (-64.3%), from €23,072 to €8,245
- Tax, wage and social debts -€8,129
down €8,129 (-39.3%), from €20,670 to €12,541
of which Remuneration and social security: -€4,299
- Current portion of long-term debt +€7,424
new in 2025: €7,424
- Staff costs -€21,184
down €21,184 (-42.7%), from €49,571 to €28,387
- Gross operating margin +€13,838
up €13,838 (+33.6%), from €41,145 to €54,983
- Financial charges -€4,356
down €4,356 (-45.8%), from €9,511 to €5,155
- Financial income +€4,108
new in 2025: €4,108
- Depreciation -€1,095
down €1,095 (-12.4%), from €8,812 to €7,717
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 | €61,910 | €42,668 | -€19,242 | -31.1% |
| Fixed assets | 21/28 | €37,362 | €32,120 | -€5,242 | -14.0% |
| Tangible fixed assets | 22/27 | €37,362 | €32,120 | -€5,242 | -14.0% |
| Plant, machinery and equipment | 23 | €9,026 | €9,344 | +€318 | +3.5% |
| Furniture and vehicles | 24 | €28,337 | €22,776 | -€5,561 | -19.6% |
| Current assets | 29/58 | €24,548 | €10,548 | -€14,000 | -57.0% |
| Stocks and contracts in progress | 3 | €9,260 | €3,410 | -€5,850 | -63.2% |
| Stocks | 30/36 | €9,260 | €3,410 | -€5,850 | -63.2% |
| Amounts receivable within one year | 40/41 | €530 | €581 | +€51 | +9.5% |
| Trade receivables | 40 | €94 | - | -€94 | |
| Other amounts receivable | 41 | €436 | €581 | +€145 | +33.1% |
| Cash at bank and in hand | 54/58 | €6,833 | €6,557 | -€275 | -4.0% |
| Deferred charges and accrued income | 490/1 | €7,925 | - | -€7,925 | |
| Total equity and liabilities | 10/49 | €61,910 | €42,668 | -€19,242 | -31.1% |
| Equity | 10/15 | -€47,090 | -€30,756 | +€16,334 | +34.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,090 | -€35,756 | +€16,334 | +31.4% |
| Amounts payable | 17/49 | €109,000 | €73,424 | -€35,576 | -32.6% |
| Amounts payable after more than one year | 17 | €23,072 | €8,245 | -€14,826 | -64.3% |
| Financial debts | 170/4 | €23,072 | €8,245 | -€14,826 | -64.3% |
| Amounts payable within one year | 42/48 | €85,929 | €65,179 | -€20,750 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,424 | +€7,424 | |
| Trade debts | 44 | €31,923 | €5,929 | -€25,994 | -81.4% |
| Suppliers | 440/4 | €31,923 | €5,929 | -€25,994 | -81.4% |
| Taxes, remuneration and social security | 45 | €20,670 | €12,541 | -€8,129 | -39.3% |
| Taxes | 450/3 | €12,767 | €8,937 | -€3,830 | -30.0% |
| Remuneration and social security | 454/9 | €7,903 | €3,604 | -€4,299 | -54.4% |
| Other amounts payable | 47/48 | €33,336 | €39,285 | +€5,949 | +17.8% |
| Remuneration, social security and pensions | 62 | €49,571 | €28,387 | -€21,184 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,812 | €7,717 | -€1,095 | -12.4% |
| Other operating charges | 640/8 | €202 | €1,217 | +€1,015 | +501.6% |
| Gross operating margin | 9900 | €41,145 | €54,983 | +€13,838 | +33.6% |
| Operating profit (loss) | 9901 | -€17,440 | €17,662 | +€35,102 | |
| Financial income | 75/76B | - | €4,108 | +€4,108 | |
| Recurring financial income | 75 | - | €4,108 | +€4,108 | |
| Financial charges | 65/66B | €9,511 | €5,155 | -€4,356 | -45.8% |
| Recurring financial charges | 65 | €9,511 | €5,155 | -€4,356 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,952 | €16,615 | +€43,567 | |
| Income taxes | 67/77 | €105 | €281 | +€176 | +167.4% |
| Profit (loss) for the period | 9904 | -€27,057 | €16,334 | +€43,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,057 | €16,334 | +€43,391 |
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 5 October 2026 via checked.be.