GHOST_CLEAN: 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.
GHOST_CLEAN
Largest movements
- Receivables within one year +€13,770
up €13,770 (+31.1%), from €44,325 to €58,095
of which Trade receivables: +€13,723
- Financial fixed assets +€10,800
up €10,800 (+338%), from €3,200 to €14,000
- Cash +€1,989
up €1,989 (+8.9%), from €22,360 to €24,350
mainly Tax, wage and social debts (+€42,238) and Trade debts (+€32,795)
- Profit (loss) carried forward -€49,391
new in 2025: -€49,391
- Tax, wage and social debts +€42,238
up €42,238 (+181%), from €23,301 to €65,539
of which Taxes: +€22,383
- Trade debts +€32,795
up €32,795 (+468%), from €7,012 to €39,807
- Staff costs +€226,181
up €226,181 (+155%), from €145,490 to €371,672
- Gross operating margin +€131,190
up €131,190 (+68.1%), from €192,667 to €323,857
- Taxes -€9,413
no longer reported in 2025 (was €9,413)
- Other operating charges +€4,119
new in 2025: €4,119
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 | €71,280 | €96,923 | +€25,642 | +36.0% |
| Fixed assets | 21/28 | €4,153 | €14,479 | +€10,326 | +249% |
| Tangible fixed assets | 22/27 | €953 | €479 | -€474 | -49.8% |
| Plant, machinery and equipment | 23 | €242 | €48 | -€193 | -80.0% |
| Furniture and vehicles | 24 | €711 | €430 | -€281 | -39.5% |
| Financial fixed assets | 28 | €3,200 | €14,000 | +€10,800 | +338% |
| Current assets | 29/58 | €67,128 | €82,444 | +€15,316 | +22.8% |
| Amounts receivable within one year | 40/41 | €44,325 | €58,095 | +€13,770 | +31.1% |
| Trade receivables | 40 | €21,560 | €35,283 | +€13,723 | +63.6% |
| Other amounts receivable | 41 | €22,764 | €22,812 | +€47 | +0.2% |
| Cash at bank and in hand | 54/58 | €22,360 | €24,350 | +€1,989 | +8.9% |
| Deferred charges and accrued income | 490/1 | €443 | - | -€443 | |
| Total equity and liabilities | 10/49 | €71,280 | €96,923 | +€25,642 | +36.0% |
| Equity | 10/15 | €40,968 | -€8,423 | -€49,391 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €36,968 | €36,968 | = | 0.0% |
| Distributable reserves | 133 | €36,968 | €36,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€49,391 | -€49,391 | |
| Amounts payable | 17/49 | €30,313 | €105,346 | +€75,033 | +248% |
| Amounts payable within one year | 42/48 | €30,313 | €105,346 | +€75,033 | +248% |
| Trade debts | 44 | €7,012 | €39,807 | +€32,795 | +468% |
| Suppliers | 440/4 | €7,012 | €39,807 | +€32,795 | +468% |
| Taxes, remuneration and social security | 45 | €23,301 | €65,539 | +€42,238 | +181% |
| Taxes | 450/3 | €9,413 | €31,797 | +€22,383 | +238% |
| Remuneration and social security | 454/9 | €13,887 | €33,742 | +€19,855 | +143% |
| Remuneration, social security and pensions | 62 | €145,490 | €371,672 | +€226,181 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €474 | +€5 | +1.0% |
| Other operating charges | 640/8 | - | €4,119 | +€4,119 | |
| Gross operating margin | 9900 | €192,667 | €323,857 | +€131,190 | +68.1% |
| Operating profit (loss) | 9901 | €46,707 | -€52,408 | -€99,115 | |
| Financial income | 75/76B | €409 | €3,532 | +€3,123 | +764% |
| Recurring financial income | 75 | €409 | €3,532 | +€3,123 | +764% |
| Financial charges | 65/66B | €735 | €515 | -€220 | -29.9% |
| Recurring financial charges | 65 | €735 | €515 | -€220 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €46,381 | -€49,391 | -€95,772 | |
| Income taxes | 67/77 | €9,413 | - | -€9,413 | |
| Profit (loss) for the period | 9904 | €36,968 | -€49,391 | -€86,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,968 | -€49,391 | -€86,359 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.