GhIrT: 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.
GhIrT
Largest movements
- Cash -€25,984
down €25,984 (-22.6%), from €114,786 to €88,803
mainly Other debts (-€20,097) and Contributions, distributions and other (-€17,290)
- Receivables within one year -€6,606
down €6,606 (-19.5%), from €33,955 to €27,349
of which Other amounts receivable: -€6,606
- Tangible fixed assets -€1,725
down €1,725 (-10.9%), from €15,803 to €14,078
of which Other tangible fixed assets: -€1,068
- Other debts -€20,097
down €20,097 (-53.8%), from €37,387 to €17,290
- Reserves -€14,460
down €14,460 (-13.9%), from €103,830 to €89,370
- Gross operating margin -€8,379
down €8,379 (-35.0%), from €23,954 to €15,575
- Taxes -€4,571
down €4,571 (-54.5%), from €8,392 to €3,821
- Financial income -€2,526
down €2,526 (-83.6%), from €3,021 to €495
- Financial charges +€1,903
up €1,903 (+140%), from €1,358 to €3,261
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 | €167,106 | €132,908 | -€34,198 | -20.5% |
| Fixed assets | 21/28 | €15,803 | €14,078 | -€1,725 | -10.9% |
| Tangible fixed assets | 22/27 | €15,803 | €14,078 | -€1,725 | -10.9% |
| Land and buildings | 22 | €2,144 | €1,870 | -€274 | -12.8% |
| Plant, machinery and equipment | 23 | €3,342 | €2,930 | -€412 | -12.3% |
| Furniture and vehicles | 24 | €3,339 | €3,368 | +€29 | +0.9% |
| Other tangible fixed assets | 26 | €6,978 | €5,910 | -€1,068 | -15.3% |
| Current assets | 29/58 | €151,303 | €118,830 | -€32,473 | -21.5% |
| Amounts receivable within one year | 40/41 | €33,955 | €27,349 | -€6,606 | -19.5% |
| Trade receivables | 40 | €14,520 | €14,520 | = | 0.0% |
| Other amounts receivable | 41 | €19,435 | €12,829 | -€6,606 | -34.0% |
| Cash at bank and in hand | 54/58 | €114,786 | €88,803 | -€25,984 | -22.6% |
| Deferred charges and accrued income | 490/1 | €2,561 | €2,678 | +€117 | +4.6% |
| Total equity and liabilities | 10/49 | €167,106 | €132,908 | -€34,198 | -20.5% |
| Equity | 10/15 | €116,230 | €101,770 | -€14,460 | -12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €103,830 | €89,370 | -€14,460 | -13.9% |
| Distributable reserves | 133 | €103,830 | €89,370 | -€14,460 | -13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,876 | €31,138 | -€19,738 | -38.8% |
| Amounts payable within one year | 42/48 | €50,701 | €30,929 | -€19,772 | -39.0% |
| Trade debts | 44 | €7,055 | €7,748 | +€694 | +9.8% |
| Suppliers | 440/4 | €7,055 | €7,748 | +€694 | +9.8% |
| Taxes, remuneration and social security | 45 | €6,259 | €5,890 | -€368 | -5.9% |
| Taxes | 450/3 | €6,259 | €5,890 | -€368 | -5.9% |
| Other amounts payable | 47/48 | €37,387 | €17,290 | -€20,097 | -53.8% |
| Accrued charges and deferred income | 492/3 | €176 | €209 | +€34 | +19.1% |
| Remuneration, social security and pensions | 62 | €932 | €932 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,598 | €3,735 | +€137 | +3.8% |
| Other operating charges | 640/8 | €1,535 | €1,490 | -€44 | -2.9% |
| Gross operating margin | 9900 | €23,954 | €15,575 | -€8,379 | -35.0% |
| Operating profit (loss) | 9901 | €17,888 | €9,418 | -€8,471 | -47.4% |
| Financial income | 75/76B | €3,021 | €495 | -€2,526 | -83.6% |
| Recurring financial income | 75 | €3,021 | €495 | -€2,526 | -83.6% |
| Financial charges | 65/66B | €1,358 | €3,261 | +€1,903 | +140% |
| Recurring financial charges | 65 | €1,358 | €3,261 | +€1,903 | +140% |
| Profit (loss) for the period before taxes | 9903 | €19,551 | €6,651 | -€12,900 | -66.0% |
| Income taxes | 67/77 | €8,392 | €3,821 | -€4,571 | -54.5% |
| Profit (loss) for the period | 9904 | €11,159 | €2,830 | -€8,329 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,159 | €2,830 | -€8,329 | -74.6% |
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 13 October 2026 via checked.be.