GHIT: 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.
GHIT
Largest movements
- Receivables after one year -€90,000
no longer reported in 2024 (was €90,000)
- Cash -€56,535
down €56,535 (-95.0%), from €59,509 to €2,975
mainly Contributions, distributions and other (-€233,129) and Receivables within one year (-€6,906)
- Receivables within one year +€6,906
up €6,906 (+30.3%), from €22,813 to €29,719
of which Trade receivables: +€11,327
- Tangible fixed assets -€4,892
down €4,892 (-22.5%), from €21,746 to €16,854
- Profit (loss) carried forward -€189,602
no longer reported in 2024 (was €189,602)
- Other debts +€44,261
up €44,261 (+4192.3%), from €1,056 to €45,316
- Gross operating margin -€33,748
down €33,748 (-34.6%), from €97,649 to €63,901
- Taxes -€4,592
down €4,592 (-23.1%), from €19,903 to €15,310
- Depreciation +€2,556
up €2,556 (+109.4%), from €2,336 to €4,892
- Financial income -€2,136
down €2,136 (-82.9%), from €2,577 to €441
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,069 | €49,548 | -€144,521 | -74.5% |
| Fixed assets | 21/28 | €21,746 | €16,854 | -€4,892 | -22.5% |
| Tangible fixed assets | 22/27 | €21,746 | €16,854 | -€4,892 | -22.5% |
| Furniture and vehicles | 24 | €21,746 | €16,854 | -€4,892 | -22.5% |
| Current assets | 29/58 | €172,322 | €32,694 | -€139,628 | -81.0% |
| Amounts receivable after more than one year | 29 | €90,000 | - | -€90,000 | |
| Other amounts receivable | 291 | €90,000 | - | -€90,000 | |
| Amounts receivable within one year | 40/41 | €22,813 | €29,719 | +€6,906 | +30.3% |
| Trade receivables | 40 | €18,392 | €29,719 | +€11,327 | +61.6% |
| Other amounts receivable | 41 | €4,421 | - | -€4,421 | |
| Cash at bank and in hand | 54/58 | €59,509 | €2,975 | -€56,535 | -95.0% |
| Total equity and liabilities | 10/49 | €194,069 | €49,548 | -€144,521 | -74.5% |
| Equity | 10/15 | €190,602 | €1,000 | -€189,602 | -99.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,602 | - | -€189,602 | |
| Amounts payable | 17/49 | €3,467 | €48,548 | +€45,081 | +1300.4% |
| Amounts payable within one year | 42/48 | €3,467 | €48,548 | +€45,081 | +1300.4% |
| Trade debts | 44 | €457 | €31 | -€427 | -93.3% |
| Suppliers | 440/4 | €457 | €31 | -€427 | -93.3% |
| Taxes, remuneration and social security | 45 | €1,954 | €3,201 | +€1,247 | +63.8% |
| Taxes | 450/3 | €1,954 | €3,201 | +€1,247 | +63.8% |
| Other amounts payable | 47/48 | €1,056 | €45,316 | +€44,261 | +4192.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,336 | €4,892 | +€2,556 | +109.4% |
| Other operating charges | 640/8 | €172 | €568 | +€396 | +230.4% |
| Gross operating margin | 9900 | €97,649 | €63,901 | -€33,748 | -34.6% |
| Operating profit (loss) | 9901 | €95,141 | €58,440 | -€36,701 | -38.6% |
| Financial income | 75/76B | €2,577 | €441 | -€2,136 | -82.9% |
| Recurring financial income | 75 | €2,577 | €441 | -€2,136 | -82.9% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.6% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €97,679 | €58,838 | -€38,842 | -39.8% |
| Income taxes | 67/77 | €19,903 | €15,310 | -€4,592 | -23.1% |
| Profit (loss) for the period | 9904 | €77,776 | €43,527 | -€34,249 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,776 | €43,527 | -€34,249 | -44.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.