GHISLAIN Anne: 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.
GHISLAIN Anne
Largest movements
- Cash +€56,461
up €56,461 (+342%), from €16,527 to €72,988
mainly Net result for the year (+€58,583) and Depreciation (+€1,073)
- Receivables within one year +€2,869
up €2,869 (+177%), from €1,620 to €4,490
- Formation expenses -€1,073
no longer reported in 2025 (was €1,073)
- Profit (loss) carried forward +€58,583
up €58,583 (+690%), from €8,488 to €67,071
- Gross operating margin +€68,949
up €68,949 (+506%), from €13,615 to €82,564
- Taxes +€17,145
up €17,145 (+507%), from €3,380 to €20,525
- Staff costs +€1,010
up €1,010 (+105%), from €960 to €1,970
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 | €19,779 | €77,903 | +€58,124 | +294% |
| Formation expenses | 20 | €1,073 | - | -€1,073 | |
| Current assets | 29/58 | €18,706 | €77,903 | +€59,196 | +316% |
| Amounts receivable within one year | 40/41 | €1,620 | €4,490 | +€2,869 | +177% |
| Other amounts receivable | 41 | €1,620 | €4,490 | +€2,869 | +177% |
| Cash at bank and in hand | 54/58 | €16,527 | €72,988 | +€56,461 | +342% |
| Deferred charges and accrued income | 490/1 | €559 | €425 | -€134 | -23.9% |
| Total equity and liabilities | 10/49 | €19,779 | €77,903 | +€58,124 | +294% |
| Equity | 10/15 | €13,488 | €72,071 | +€58,583 | +434% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,488 | €67,071 | +€58,583 | +690% |
| Amounts payable | 17/49 | €6,291 | €5,832 | -€459 | -7.3% |
| Amounts payable within one year | 42/48 | €6,291 | €5,832 | -€459 | -7.3% |
| Trade debts | 44 | €1,801 | €1,502 | -€299 | -16.6% |
| Suppliers | 440/4 | €1,801 | €1,502 | -€299 | -16.6% |
| Other amounts payable | 47/48 | €4,490 | €4,330 | -€160 | -3.6% |
| Remuneration, social security and pensions | 62 | €960 | €1,970 | +€1,010 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €788 | €1,073 | +€285 | +36.1% |
| Other operating charges | 640/8 | - | €422 | +€422 | |
| Gross operating margin | 9900 | €13,615 | €82,564 | +€68,949 | +506% |
| Operating profit (loss) | 9901 | €11,868 | €79,100 | +€67,232 | +567% |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | - | €52 | +€52 | |
| Recurring financial charges | 65 | - | €52 | +€52 | |
| Profit (loss) for the period before taxes | 9903 | €11,868 | €79,108 | +€67,240 | +567% |
| Income taxes | 67/77 | €3,380 | €20,525 | +€17,145 | +507% |
| Profit (loss) for the period | 9904 | €8,488 | €58,583 | +€50,095 | +590% |
| Profit (loss) for the period to be appropriated | 9905 | €8,488 | €58,583 | +€50,095 | +590% |
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.