Ghotra Bros: what changed
Ghotra Bros
Largest movements
- Cash +€82,630
up €82,630 (+38.8%), from €213,018 to €295,649
mainly Accrued charges and deferred income (+€150,000) and Net result for the year (+€66,220)
- Intangible fixed assets +€22,917
new in 2025: €22,917
- Tangible fixed assets -€11,822
down €11,822 (-2.3%), from €515,252 to €503,431
of which Land and buildings: -€15,814
- Receivables within one year +€10,261
up €10,261 (+21.9%), from €46,752 to €57,013
of which Trade receivables: +€16,822
- Accrued charges and deferred income +€150,000
new in 2025: €150,000
- Trade debts -€75,383
down €75,383 (-97.3%), from €77,452 to €2,069
- Profit (loss) carried forward +€66,220
up €66,220 (+153%), from €43,293 to €109,513
- Other debts +€40,717
up €40,717 (+24.9%), from €163,592 to €204,309
- Reserves -€30,000
down €30,000 (-26.7%), from €112,384 to €82,384
of which Distributable reserves: -€30,000
- Gross operating margin +€199,053
up €199,053 (+48.3%), from €412,105 to €611,158
- Staff costs +€119,496
up €119,496 (+38.2%), from €312,523 to €432,019
- Financial income -€36,048
down €36,048 (-100.0%), from €36,049 to €1
of which Non-recurring financial income: -€36,049
- Depreciation +€11,269
up €11,269 (+21.8%), from €51,745 to €63,015
- Other operating charges +€6,300
up €6,300 (+74.7%), from €8,431 to €14,732
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,863 | €906,655 | +€105,791 | +13.2% |
| Fixed assets | 21/28 | €536,251 | €547,346 | +€11,095 | +2.1% |
| Intangible fixed assets | 21 | - | €22,917 | +€22,917 | |
| Tangible fixed assets | 22/27 | €515,252 | €503,431 | -€11,822 | -2.3% |
| Land and buildings | 22 | €351,272 | €335,458 | -€15,814 | -4.5% |
| Plant, machinery and equipment | 23 | €79,887 | €85,681 | +€5,794 | +7.3% |
| Furniture and vehicles | 24 | €84,093 | €82,292 | -€1,802 | -2.1% |
| Financial fixed assets | 28 | €20,998 | €20,998 | = | 0.0% |
| Current assets | 29/58 | €264,613 | €359,309 | +€94,696 | +35.8% |
| Amounts receivable within one year | 40/41 | €46,752 | €57,013 | +€10,261 | +21.9% |
| Trade receivables | 40 | €33,178 | €50,000 | +€16,822 | +50.7% |
| Other amounts receivable | 41 | €13,574 | €7,013 | -€6,560 | -48.3% |
| Cash at bank and in hand | 54/58 | €213,018 | €295,649 | +€82,630 | +38.8% |
| Deferred charges and accrued income | 490/1 | €4,842 | €6,647 | +€1,805 | +37.3% |
| Total equity and liabilities | 10/49 | €800,863 | €906,655 | +€105,791 | +13.2% |
| Equity | 10/15 | €174,277 | €210,497 | +€36,220 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,384 | €82,384 | -€30,000 | -26.7% |
| 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 | €110,524 | €80,524 | -€30,000 | -27.1% |
| Profit (loss) carried forward | 14 | €43,293 | €109,513 | +€66,220 | +153% |
| Amounts payable | 17/49 | €626,587 | €696,158 | +€69,571 | +11.1% |
| Amounts payable after more than one year | 17 | €245,797 | €230,480 | -€15,317 | -6.2% |
| Financial debts | 170/4 | €245,797 | €230,480 | -€15,317 | -6.2% |
| Amounts payable within one year | 42/48 | €380,790 | €315,678 | -€65,112 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €31,800 | €15,317 | -€16,484 | -51.8% |
| Trade debts | 44 | €77,452 | €2,069 | -€75,383 | -97.3% |
| Suppliers | 440/4 | €77,452 | €2,069 | -€75,383 | -97.3% |
| Taxes, remuneration and social security | 45 | €107,947 | €93,983 | -€13,964 | -12.9% |
| Taxes | 450/3 | €27,214 | €23,536 | -€3,678 | -13.5% |
| Remuneration and social security | 454/9 | €80,733 | €70,447 | -€10,286 | -12.7% |
| Other amounts payable | 47/48 | €163,592 | €204,309 | +€40,717 | +24.9% |
| Accrued charges and deferred income | 492/3 | - | €150,000 | +€150,000 | |
| Non-recurring operating income | 76A | €619 | - | -€619 | |
| Remuneration, social security and pensions | 62 | €312,523 | €432,019 | +€119,496 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,745 | €63,015 | +€11,269 | +21.8% |
| Other operating charges | 640/8 | €8,431 | €14,732 | +€6,300 | +74.7% |
| Gross operating margin | 9900 | €412,105 | €611,158 | +€199,053 | +48.3% |
| Operating profit (loss) | 9901 | €39,406 | €101,394 | +€61,988 | +157% |
| Financial income | 75/76B | €36,049 | €1 | -€36,048 | -100.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,000% |
| Non-recurring financial income | 76B | €36,049 | - | -€36,049 | |
| Financial charges | 65/66B | €15,396 | €14,868 | -€527 | -3.4% |
| Recurring financial charges | 65 | €15,396 | €14,868 | -€527 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €60,059 | €86,526 | +€26,467 | +44.1% |
| Income taxes | 67/77 | €17,306 | €20,305 | +€3,000 | +17.3% |
| Profit (loss) for the period | 9904 | €42,753 | €66,220 | +€23,467 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,753 | €66,220 | +€23,467 | +54.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.