GHLK: 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.
GHLK
Largest movements
- Cash +€80,575
up €80,575 (+634.9%), from €12,691 to €93,266
mainly Net result for the year (+€165,167) and Tax, wage and social debts (+€37,247)
- Tangible fixed assets -€29,816
down €29,816 (-38.5%), from €77,414 to €47,598
of which Furniture and vehicles: -€38,719
- Receivables within one year +€16,461
up €16,461 (+8132.1%), from €202 to €16,663
of which Other amounts receivable: +€16,653
- Deferred charges and accrued income +€10,355
up €10,355 (+72.5%), from €14,291 to €24,646
- Stocks and contracts +€8,790
up €8,790 (+266.4%), from €3,300 to €12,090
- Profit (loss) carried forward +€165,167
up €165,167, from -€43,449 to €121,718
- Other debts -€72,014
no longer reported in 2024 (was €72,014)
- Tax, wage and social debts +€37,247
up €37,247 (+355.6%), from €10,474 to €47,721
of which Taxes: +€45,258
- Trade debts -€27,035
down €27,035 (-62.0%), from €43,624 to €16,589
- Current portion of long-term debt -€17,000
down €17,000 (-98.3%), from €17,300 to €300
- Gross operating margin +€162,081
up €162,081 (+136.6%), from €118,667 to €280,748
- Taxes +€28,709
up €28,709 (+7905.5%), from €363 to €29,072
- Staff costs +€12,895
up €12,895 (+26.9%), from €47,976 to €60,871
- Other operating charges -€10,979
down €10,979 (-50.2%), from €21,857 to €10,878
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 | €108,024 | €194,389 | +€86,365 | +80.0% |
| Fixed assets | 21/28 | €77,539 | €47,723 | -€29,816 | -38.5% |
| Tangible fixed assets | 22/27 | €77,414 | €47,598 | -€29,816 | -38.5% |
| Land and buildings | 22 | €1,478 | €1,287 | -€190 | -12.9% |
| Plant, machinery and equipment | 23 | €13,783 | €14,125 | +€342 | +2.5% |
| Furniture and vehicles | 24 | €47,328 | €8,609 | -€38,719 | -81.8% |
| Other tangible fixed assets | 26 | €14,825 | €23,576 | +€8,751 | +59.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €30,484 | €146,666 | +€116,181 | +381.1% |
| Stocks and contracts in progress | 3 | €3,300 | €12,090 | +€8,790 | +266.4% |
| Stocks | 30/36 | €3,300 | €12,090 | +€8,790 | +266.4% |
| Amounts receivable within one year | 40/41 | €202 | €16,663 | +€16,461 | +8132.1% |
| Trade receivables | 40 | €202 | €10 | -€192 | -95.1% |
| Other amounts receivable | 41 | - | €16,653 | +€16,653 | |
| Cash at bank and in hand | 54/58 | €12,691 | €93,266 | +€80,575 | +634.9% |
| Deferred charges and accrued income | 490/1 | €14,291 | €24,646 | +€10,355 | +72.5% |
| Total equity and liabilities | 10/49 | €108,024 | €194,389 | +€86,365 | +80.0% |
| Equity | 10/15 | -€35,389 | €129,778 | +€165,167 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€43,449 | €121,718 | +€165,167 | |
| Amounts payable | 17/49 | €143,412 | €64,611 | -€78,802 | -54.9% |
| Amounts payable within one year | 42/48 | €143,412 | €64,611 | -€78,802 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €17,300 | €300 | -€17,000 | -98.3% |
| Trade debts | 44 | €43,624 | €16,589 | -€27,035 | -62.0% |
| Suppliers | 440/4 | €43,624 | €16,589 | -€27,035 | -62.0% |
| Taxes, remuneration and social security | 45 | €10,474 | €47,721 | +€37,247 | +355.6% |
| Taxes | 450/3 | €2,463 | €47,721 | +€45,258 | +1837.3% |
| Remuneration and social security | 454/9 | €8,011 | - | -€8,011 | |
| Other amounts payable | 47/48 | €72,014 | - | -€72,014 | |
| Remuneration, social security and pensions | 62 | €47,976 | €60,871 | +€12,895 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,098 | €9,437 | -€661 | -6.5% |
| Other operating charges | 640/8 | €21,857 | €10,878 | -€10,979 | -50.2% |
| Non-recurring operating charges | 66A | - | €2,862 | +€2,862 | |
| Gross operating margin | 9900 | €118,667 | €280,748 | +€162,081 | +136.6% |
| Operating profit (loss) | 9901 | €38,736 | €196,700 | +€157,964 | +407.8% |
| Financial income | 75/76B | €1 | €3 | +€2 | +403.4% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +403.4% |
| Financial charges | 65/66B | €1,259 | €2,464 | +€1,205 | +95.7% |
| Recurring financial charges | 65 | €1,259 | €2,464 | +€1,205 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | €37,478 | €194,239 | +€156,761 | +418.3% |
| Income taxes | 67/77 | €363 | €29,072 | +€28,709 | +7905.5% |
| Profit (loss) for the period | 9904 | €37,114 | €165,167 | +€128,052 | +345.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,114 | €165,167 | +€128,052 | +345.0% |
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 5 October 2026 via checked.be.