Ghost Consulting: 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 Consulting
Largest movements
- Financial fixed assets +€500,000
up €500,000 (+200%), from €249,984 to €749,984
- Cash -€113,735
down €113,735 (-72.1%), from €157,818 to €44,083
mainly Investment in fixed assets (net) (-€540,110) and Receivables within one year (-€55,711)
- Receivables within one year +€55,711
up €55,711 (+29.8%), from €186,755 to €242,466
of which Other amounts receivable: +€33,749
- Tangible fixed assets +€27,379
up €27,379 (+191%), from €14,313 to €41,692
of which Furniture and vehicles: +€25,818
- Debts after one year +€317,494
up €317,494 (+476%), from €66,717 to €384,211
- Reserves +€83,921
up €83,921 (+19.6%), from €428,276 to €512,197
of which Distributable reserves: +€83,921
- Current portion of long-term debt +€56,031
up €56,031 (+194%), from €28,899 to €84,929
- Trade debts +€14,479
up €14,479, from €0 to €14,479
- Gross operating margin +€13,459
up €13,459 (+9.7%), from €139,042 to €152,501
- Depreciation +€7,707
up €7,707 (+153%), from €5,025 to €12,731
- Financial charges +€5,004
up €5,004 (+169%), from €2,967 to €7,971
- Other operating charges +€4,317
up €4,317 (+384%), from €1,125 to €5,442
- Financial income +€3,840
up €3,840 (+550%), from €699 to €4,539
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 | €609,871 | €1,080,399 | +€470,528 | +77.2% |
| Fixed assets | 21/28 | €264,297 | €791,676 | +€527,379 | +200% |
| Tangible fixed assets | 22/27 | €14,313 | €41,692 | +€27,379 | +191% |
| Plant, machinery and equipment | 23 | €9,396 | €10,957 | +€1,561 | +16.6% |
| Furniture and vehicles | 24 | €4,917 | €30,735 | +€25,818 | +525% |
| Financial fixed assets | 28 | €249,984 | €749,984 | +€500,000 | +200% |
| Current assets | 29/58 | €345,574 | €288,723 | -€56,851 | -16.5% |
| Amounts receivable within one year | 40/41 | €186,755 | €242,466 | +€55,711 | +29.8% |
| Trade receivables | 40 | €234 | €22,196 | +€21,962 | +9,395% |
| Other amounts receivable | 41 | €186,521 | €220,270 | +€33,749 | +18.1% |
| Cash at bank and in hand | 54/58 | €157,818 | €44,083 | -€113,735 | -72.1% |
| Deferred charges and accrued income | 490/1 | €1,001 | €2,174 | +€1,174 | +117% |
| Total equity and liabilities | 10/49 | €609,871 | €1,080,399 | +€470,528 | +77.2% |
| Equity | 10/15 | €447,100 | €530,797 | +€83,697 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €428,276 | €512,197 | +€83,921 | +19.6% |
| 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 | €426,416 | €510,337 | +€83,921 | +19.7% |
| Profit (loss) carried forward | 14 | €224 | €0 | -€224 | -100% |
| Amounts payable | 17/49 | €162,771 | €549,602 | +€386,831 | +238% |
| Amounts payable after more than one year | 17 | €66,717 | €384,211 | +€317,494 | +476% |
| Financial debts | 170/4 | €66,717 | €384,211 | +€317,494 | +476% |
| Amounts payable within one year | 42/48 | €96,054 | €165,391 | +€69,337 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €28,899 | €84,929 | +€56,031 | +194% |
| Financial debts | 43 | €0 | €1,244 | +€1,244 | |
| Credit institutions | 430/8 | €0 | €1,244 | +€1,244 | |
| Trade debts | 44 | €0 | €14,479 | +€14,479 | |
| Suppliers | 440/4 | €0 | €14,479 | +€14,479 | |
| Taxes, remuneration and social security | 45 | €67,155 | €64,738 | -€2,417 | -3.6% |
| Taxes | 450/3 | €67,155 | €64,738 | -€2,417 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,025 | €12,731 | +€7,707 | +153% |
| Other operating charges | 640/8 | €1,125 | €5,442 | +€4,317 | +384% |
| Gross operating margin | 9900 | €139,042 | €152,501 | +€13,459 | +9.7% |
| Operating profit (loss) | 9901 | €132,893 | €134,327 | +€1,435 | +1.1% |
| Financial income | 75/76B | €699 | €4,539 | +€3,840 | +550% |
| Recurring financial income | 75 | €699 | €4,539 | +€3,840 | +550% |
| Financial charges | 65/66B | €2,967 | €7,971 | +€5,004 | +169% |
| Recurring financial charges | 65 | €2,967 | €7,971 | +€5,004 | +169% |
| Profit (loss) for the period before taxes | 9903 | €130,624 | €130,895 | +€271 | +0.2% |
| Income taxes | 67/77 | €45,539 | €47,198 | +€1,658 | +3.6% |
| Profit (loss) for the period | 9904 | €85,085 | €83,697 | -€1,388 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,085 | €83,697 | -€1,388 | -1.6% |
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 13 October 2026 via checked.be.