GHM Consult: 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.
GHM Consult
Largest movements
- Receivables within one year -€4,642
down €4,642 (-31.9%), from €14,534 to €9,892
of which Trade receivables: -€4,353
- Deferred charges and accrued income +€378
new in 2025: €378
- Other debts -€4,148
down €4,148 (-64.9%), from €6,390 to €2,243
- Trade debts -€1,102
down €1,102 (-32.6%), from €3,384 to €2,282
- Reserves +€456
up €456 (+11.8%), from €3,865 to €4,321
- Tax, wage and social debts +€433
new in 2025: €433
- Gross operating margin -€14,804
down €14,804 (-91.1%), from €16,253 to €1,449
- Write-downs -€8,844
no longer reported in 2025 (was €8,844)
- Taxes -€2,277
down €2,277 (-84.0%), from €2,710 to €433
- Other operating charges -€272
down €272 (-35.2%), from €772 to €500
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 | €15,139 | €10,779 | -€4,360 | -28.8% |
| Current assets | 29/58 | €15,139 | €10,779 | -€4,360 | -28.8% |
| Amounts receivable within one year | 40/41 | €14,534 | €9,892 | -€4,642 | -31.9% |
| Trade receivables | 40 | €14,244 | €9,892 | -€4,353 | -30.6% |
| Other amounts receivable | 41 | €290 | - | -€290 | |
| Cash at bank and in hand | 54/58 | €605 | €509 | -€96 | -15.8% |
| Deferred charges and accrued income | 490/1 | - | €378 | +€378 | |
| Total equity and liabilities | 10/49 | €15,139 | €10,779 | -€4,360 | -28.8% |
| Equity | 10/15 | €5,365 | €5,821 | +€456 | +8.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €3,865 | €4,321 | +€456 | +11.8% |
| Distributable reserves | 133 | €3,865 | €4,321 | +€456 | +11.8% |
| Amounts payable | 17/49 | €9,774 | €4,958 | -€4,816 | -49.3% |
| Amounts payable within one year | 42/48 | €9,774 | €4,958 | -€4,816 | -49.3% |
| Trade debts | 44 | €3,384 | €2,282 | -€1,102 | -32.6% |
| Suppliers | 440/4 | €3,384 | €2,282 | -€1,102 | -32.6% |
| Taxes, remuneration and social security | 45 | - | €433 | +€433 | |
| Taxes | 450/3 | - | €433 | +€433 | |
| Other amounts payable | 47/48 | €6,390 | €2,243 | -€4,148 | -64.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,844 | - | -€8,844 | |
| Other operating charges | 640/8 | €772 | €500 | -€272 | -35.2% |
| Gross operating margin | 9900 | €16,253 | €1,449 | -€14,804 | -91.1% |
| Operating profit (loss) | 9901 | €6,637 | €949 | -€5,688 | -85.7% |
| Financial charges | 65/66B | €62 | €60 | -€2 | -3.2% |
| Recurring financial charges | 65 | €62 | €60 | -€2 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €6,575 | €889 | -€5,686 | -86.5% |
| Income taxes | 67/77 | €2,710 | €433 | -€2,277 | -84.0% |
| Profit (loss) for the period | 9904 | €3,865 | €456 | -€3,409 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,865 | €456 | -€3,409 | -88.2% |
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.