GHK COMPANY: 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.
GHK COMPANY
Largest movements
- Receivables within one year +€8,448
up €8,448 (+28.5%), from €29,648 to €38,096
of which Other amounts receivable: +€8,448
- Cash -€6,567
down €6,567 (-83.7%), from €7,846 to €1,279
mainly Trade debts (-€15,028) and Receivables within one year (-€8,448)
- Stocks and contracts -€5,845
down €5,845 (-84.7%), from €6,901 to €1,056
- Tangible fixed assets -€2,669
no longer reported in 2025 (was €2,669)
- Trade debts -€15,028
down €15,028 (-61.1%), from €24,590 to €9,562
- Profit (loss) carried forward +€11,027
up €11,027, from -€80 to €10,947
- Tax, wage and social debts -€2,633
down €2,633 (-34.9%), from €7,554 to €4,921
of which Remuneration and social security: -€3,794
- Purchases and services -€3,896
down €3,896 (-3.3%), from €118,619 to €114,723
- Turnover -€3,209
down €3,209 (-2.4%), from €135,813 to €132,603
- Taxes -€2,599
down €2,599 (-60.9%), from €4,269 to €1,670
- Gross operating margin +€2,499
up €2,499 (+14.5%), from €17,194 to €19,693
- Other operating charges +€2,188
up €2,188 (+114%), from €1,924 to €4,112
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 | €47,065 | €40,431 | -€6,634 | -14.1% |
| Fixed assets | 21/28 | €2,669 | - | -€2,669 | |
| Tangible fixed assets | 22/27 | €2,669 | - | -€2,669 | |
| Furniture and vehicles | 24 | €2,669 | - | -€2,669 | |
| Current assets | 29/58 | €44,395 | €40,431 | -€3,965 | -8.9% |
| Stocks and contracts in progress | 3 | €6,901 | €1,056 | -€5,845 | -84.7% |
| Stocks | 30/36 | €6,901 | €1,056 | -€5,845 | -84.7% |
| Amounts receivable within one year | 40/41 | €29,648 | €38,096 | +€8,448 | +28.5% |
| Trade receivables | 40 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €29,148 | €37,596 | +€8,448 | +29.0% |
| Cash at bank and in hand | 54/58 | €7,846 | €1,279 | -€6,567 | -83.7% |
| Total equity and liabilities | 10/49 | €47,065 | €40,431 | -€6,634 | -14.1% |
| Equity | 10/15 | €14,920 | €25,947 | +€11,027 | +73.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80 | €10,947 | +€11,027 | |
| Amounts payable | 17/49 | €32,145 | €14,483 | -€17,661 | -54.9% |
| Amounts payable within one year | 42/48 | €32,145 | €14,483 | -€17,661 | -54.9% |
| Trade debts | 44 | €24,590 | €9,562 | -€15,028 | -61.1% |
| Suppliers | 440/4 | €24,590 | €9,562 | -€15,028 | -61.1% |
| Taxes, remuneration and social security | 45 | €7,554 | €4,921 | -€2,633 | -34.9% |
| Taxes | 450/3 | €3,760 | €4,921 | +€1,161 | +30.9% |
| Remuneration and social security | 454/9 | €3,794 | - | -€3,794 | |
| Turnover | 70 | €135,813 | €132,603 | -€3,209 | -2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €118,619 | €114,723 | -€3,896 | -3.3% |
| Remuneration, social security and pensions | 62 | €528 | - | -€528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,615 | €2,669 | -€1,946 | -42.2% |
| Other operating charges | 640/8 | €1,924 | €4,112 | +€2,188 | +114% |
| Gross operating margin | 9900 | €17,194 | €19,693 | +€2,499 | +14.5% |
| Operating profit (loss) | 9901 | €10,126 | €12,912 | +€2,786 | +27.5% |
| Financial income | 75/76B | €3 | €37 | +€34 | +1,119% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +450% |
| Non-recurring financial income | 76B | €3 | €20 | +€17 | +569% |
| Financial charges | 65/66B | €692 | €252 | -€440 | -63.6% |
| Recurring financial charges | 65 | €191 | €252 | +€61 | +31.8% |
| Non-recurring financial charges | 66B | €501 | - | -€501 | |
| Profit (loss) for the period before taxes | 9903 | €9,438 | €12,697 | +€3,259 | +34.5% |
| Income taxes | 67/77 | €4,269 | €1,670 | -€2,599 | -60.9% |
| Profit (loss) for the period | 9904 | €5,169 | €11,027 | +€5,858 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €5,169 | €11,027 | +€5,858 | +113% |
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 28 October 2026 via checked.be.