GHITRO: 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.
GHITRO
Largest movements
- Financial fixed assets -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Tangible fixed assets +€24,455
new in 2025: €24,455
- Receivables within one year -€21,326
down €21,326 (-56.3%), from €37,892 to €16,565
of which Trade receivables: -€21,326
- Cash +€14,629
up €14,629 (+23.1%), from €63,407 to €78,036
mainly Receivables within one year (+€21,326) and Investment in fixed assets (net) (+€10,792)
- Profit (loss) carried forward -€22,671
down €22,671 (-91.0%), from -€24,915 to -€47,585
- Other debts +€1,864
up €1,864 (+11.1%), from €16,751 to €18,616
- Gross operating margin +€4,832
up €4,832 (+28.0%), from €17,244 to €22,076
- Depreciation +€4,753
new in 2025: €4,753
- Financial charges -€1,497
down €1,497 (-3.6%), from €41,532 to €40,034
of which Financial charges: -€1,497
- Financial income +€510
up €510 (+637900.0%), from €0 to €510
of which Non-recurring financial income: +€465
- Taxes -€297
down €297, from €295 to -€2
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 | €141,298 | €119,621 | -€21,677 | -15.3% |
| Fixed assets | 21/28 | €40,000 | €24,455 | -€15,545 | -38.9% |
| Tangible fixed assets | 22/27 | - | €24,455 | +€24,455 | |
| Furniture and vehicles | 24 | - | €24,455 | +€24,455 | |
| Financial fixed assets | 28 | €40,000 | €0 | -€40,000 | -100.0% |
| Current assets | 29/58 | €101,298 | €95,166 | -€6,132 | -6.1% |
| Amounts receivable within one year | 40/41 | €37,892 | €16,565 | -€21,326 | -56.3% |
| Trade receivables | 40 | €29,539 | €8,213 | -€21,326 | -72.2% |
| Other amounts receivable | 41 | €8,352 | €8,352 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,407 | €78,036 | +€14,629 | +23.1% |
| Deferred charges and accrued income | 490/1 | - | €565 | +€565 | |
| Total equity and liabilities | 10/49 | €141,298 | €119,621 | -€21,677 | -15.3% |
| Equity | 10/15 | €118,813 | €96,142 | -€22,671 | -19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,327 | €131,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,467 | €129,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,915 | -€47,585 | -€22,671 | -91.0% |
| Amounts payable | 17/49 | €22,486 | €23,479 | +€993 | +4.4% |
| Amounts payable within one year | 42/48 | €22,486 | €23,479 | +€993 | +4.4% |
| Trade debts | 44 | €2,128 | €1,061 | -€1,067 | -50.1% |
| Suppliers | 440/4 | €2,128 | €1,061 | -€1,067 | -50.1% |
| Taxes, remuneration and social security | 45 | €3,606 | €3,802 | +€196 | +5.4% |
| Taxes | 450/3 | €3,606 | €3,802 | +€196 | +5.4% |
| Other amounts payable | 47/48 | €16,751 | €18,616 | +€1,864 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,753 | +€4,753 | |
| Other operating charges | 640/8 | €332 | €471 | +€139 | +41.7% |
| Gross operating margin | 9900 | €17,244 | €22,076 | +€4,832 | +28.0% |
| Operating profit (loss) | 9901 | €16,912 | €16,852 | -€60 | -0.4% |
| Financial income | 75/76B | €0 | €510 | +€510 | +637900.0% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +56750.0% |
| Non-recurring financial income | 76B | - | €465 | +€465 | |
| Financial charges | 65/66B | €41,532 | €40,034 | -€1,497 | -3.6% |
| Recurring financial charges | 65 | €1,532 | €34 | -€1,497 | -97.8% |
| Non-recurring financial charges | 66B | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,620 | -€22,672 | +€1,948 | +7.9% |
| Income taxes | 67/77 | €295 | -€2 | -€297 | |
| Profit (loss) for the period | 9904 | -€24,915 | -€22,671 | +€2,244 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,915 | -€22,671 | +€2,244 | +9.0% |
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 9 October 2026 via checked.be.