GHIMO: 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.
GHIMO
Largest movements
- Receivables within one year -€52,051
down €52,051 (-13.6%), from €383,502 to €331,451
of which Other amounts receivable: -€52,844
- Tangible fixed assets -€28,862
down €28,862 (-5.1%), from €568,524 to €539,662
of which Land and buildings: -€27,320
- Debts after one year -€68,302
down €68,302 (-31.9%), from €214,119 to €145,816
- Trade debts -€13,203
no longer reported in 2025 (was €13,203)
- Profit (loss) carried forward +€11,293
up €11,293 (+6.0%), from -€188,847 to -€177,554
- Reserves -€10,829
down €10,829 (-6.5%), from €166,644 to €155,815
- Financial income -€5,452
down €5,452 (-22.6%), from €24,148 to €18,696
- Financial charges -€3,510
down €3,510 (-19.7%), from €17,777 to €14,267
- Other operating charges +€974
up €974 (+13.8%), from €7,078 to €8,052
- Gross operating margin +€518
up €518 (+1.8%), from €28,820 to €29,338
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 | €953,200 | €872,189 | -€81,011 | -8.5% |
| Fixed assets | 21/28 | €568,524 | €539,662 | -€28,862 | -5.1% |
| Tangible fixed assets | 22/27 | €568,524 | €539,662 | -€28,862 | -5.1% |
| Land and buildings | 22 | €556,828 | €529,509 | -€27,320 | -4.9% |
| Other tangible fixed assets | 26 | €11,696 | €10,154 | -€1,542 | -13.2% |
| Current assets | 29/58 | €384,676 | €332,527 | -€52,149 | -13.6% |
| Amounts receivable within one year | 40/41 | €383,502 | €331,451 | -€52,051 | -13.6% |
| Trade receivables | 40 | - | €792 | +€792 | |
| Other amounts receivable | 41 | €383,502 | €330,659 | -€52,844 | -13.8% |
| Cash at bank and in hand | 54/58 | €506 | €376 | -€130 | -25.7% |
| Deferred charges and accrued income | 490/1 | €667 | €699 | +€32 | +4.8% |
| Total equity and liabilities | 10/49 | €953,200 | €872,189 | -€81,011 | -8.5% |
| Equity | 10/15 | €605,668 | €606,132 | +€464 | +0.1% |
| Contributions | 10/11 | €627,871 | €627,871 | = | 0.0% |
| Reserves | 13 | €166,644 | €155,815 | -€10,829 | -6.5% |
| Tax-exempt reserves | 132 | €166,644 | €155,815 | -€10,829 | -6.5% |
| Profit (loss) carried forward | 14 | -€188,847 | -€177,554 | +€11,293 | +6.0% |
| Provisions and deferred taxes | 16 | €55,548 | €51,938 | -€3,610 | -6.5% |
| Deferred taxes | 168 | €55,548 | €51,938 | -€3,610 | -6.5% |
| Amounts payable | 17/49 | €291,984 | €214,119 | -€77,865 | -26.7% |
| Amounts payable after more than one year | 17 | €214,119 | €145,816 | -€68,302 | -31.9% |
| Financial debts | 170/4 | €214,119 | €145,816 | -€68,302 | -31.9% |
| Amounts payable within one year | 42/48 | €77,865 | €68,302 | -€9,562 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €64,662 | €68,302 | +€3,641 | +5.6% |
| Trade debts | 44 | €13,203 | - | -€13,203 | |
| Suppliers | 440/4 | €13,203 | - | -€13,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,862 | €28,862 | = | 0.0% |
| Other operating charges | 640/8 | €7,078 | €8,052 | +€974 | +13.8% |
| Gross operating margin | 9900 | €28,820 | €29,338 | +€518 | +1.8% |
| Operating profit (loss) | 9901 | -€7,120 | -€7,576 | -€455 | -6.4% |
| Financial income | 75/76B | €24,148 | €18,696 | -€5,452 | -22.6% |
| Recurring financial income | 75 | €24,148 | €18,696 | -€5,452 | -22.6% |
| Financial charges | 65/66B | €17,777 | €14,267 | -€3,510 | -19.7% |
| Recurring financial charges | 65 | €17,777 | €14,267 | -€3,510 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€749 | -€3,146 | -€2,397 | -320.1% |
| Transfer from deferred taxes | 780 | €3,610 | €3,610 | = | 0.0% |
| Profit (loss) for the period | 9904 | €2,861 | €464 | -€2,397 | -83.8% |
| Transfer from tax-exempt reserves | 789 | €10,829 | €10,829 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,690 | €11,293 | -€2,397 | -17.5% |
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 5 October 2026 via checked.be.