GHOTRA: 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.
GHOTRA
Largest movements
- Tangible fixed assets -€8,651
down €8,651 (-4.4%), from €197,179 to €188,527
of which Land and buildings: -€8,019
- Other debts -€18,600
down €18,600 (-26.5%), from €70,318 to €51,718
- Profit (loss) carried forward +€11,342
up €11,342 (+31.7%), from €35,766 to €47,108
- Debts after one year -€10,692
down €10,692 (-12.8%), from €83,228 to €72,535
- Trade debts +€3,625
up €3,625 (+49.3%), from €7,351 to €10,975
- Gross operating margin +€5,257
up €5,257 (+18.2%), from €28,885 to €34,142
- Taxes +€2,949
up €2,949 (+250.0%), from €1,180 to €4,129
- Financial charges -€673
down €673 (-9.8%), from €6,891 to €6,218
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 | €234,017 | €221,862 | -€12,156 | -5.2% |
| Fixed assets | 21/28 | €197,179 | €188,527 | -€8,651 | -4.4% |
| Tangible fixed assets | 22/27 | €197,179 | €188,527 | -€8,651 | -4.4% |
| Land and buildings | 22 | €195,587 | €187,568 | -€8,019 | -4.1% |
| Plant, machinery and equipment | 23 | €1,007 | €515 | -€492 | -48.8% |
| Furniture and vehicles | 24 | €584 | €444 | -€141 | -24.1% |
| Current assets | 29/58 | €36,839 | €33,335 | -€3,504 | -9.5% |
| Stocks and contracts in progress | 3 | €26,480 | €25,000 | -€1,480 | -5.6% |
| Stocks | 30/36 | €26,480 | €25,000 | -€1,480 | -5.6% |
| Amounts receivable within one year | 40/41 | €30 | - | -€30 | |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Cash at bank and in hand | 54/58 | €8,753 | €7,112 | -€1,641 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,577 | €1,222 | -€354 | -22.5% |
| Total equity and liabilities | 10/49 | €234,017 | €221,862 | -€12,156 | -5.2% |
| Equity | 10/15 | €59,192 | €70,534 | +€11,342 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,826 | €4,826 | = | 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% |
| Distributable reserves | 133 | €2,966 | €2,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,766 | €47,108 | +€11,342 | +31.7% |
| Amounts payable | 17/49 | €174,826 | €151,328 | -€23,498 | -13.4% |
| Amounts payable after more than one year | 17 | €83,228 | €72,535 | -€10,692 | -12.8% |
| Financial debts | 170/4 | €83,228 | €72,535 | -€10,692 | -12.8% |
| Amounts payable within one year | 42/48 | €91,598 | €78,793 | -€12,805 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €10,238 | €10,692 | +€454 | +4.4% |
| Trade debts | 44 | €7,351 | €10,975 | +€3,625 | +49.3% |
| Suppliers | 440/4 | €7,351 | €10,975 | +€3,625 | +49.3% |
| Taxes, remuneration and social security | 45 | €3,691 | €5,407 | +€1,716 | +46.5% |
| Taxes | 450/3 | €3,691 | €5,407 | +€1,716 | +46.5% |
| Other amounts payable | 47/48 | €70,318 | €51,718 | -€18,600 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,630 | €8,651 | +€22 | +0.2% |
| Other operating charges | 640/8 | €3,611 | €3,801 | +€190 | +5.3% |
| Gross operating margin | 9900 | €28,885 | €34,142 | +€5,257 | +18.2% |
| Operating profit (loss) | 9901 | €16,644 | €21,689 | +€5,046 | +30.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €6,891 | €6,218 | -€673 | -9.8% |
| Recurring financial charges | 65 | €6,891 | €6,218 | -€673 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €9,752 | €15,471 | +€5,718 | +58.6% |
| Income taxes | 67/77 | €1,180 | €4,129 | +€2,949 | +250.0% |
| Profit (loss) for the period | 9904 | €8,573 | €11,342 | +€2,769 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,573 | €11,342 | +€2,769 | +32.3% |
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 12 October 2026 via checked.be.