GHP FINANCE: what changed
What changed
GHP FINANCE
filed annual accounts (NBB)
Net result for the year
€12,664
2024 · -€12,021+€24,685
Equity
€80,927
2024 · €68,262+€12,664
Cash
€66,593
2024 · €64,546+€2,048
Balance sheet total
€239,589
2024 · €249,979-€10,391
Largest movements
Assets
- Tangible fixed assets -€11,693
down €11,693 (-6.4%), from €184,068 to €172,375
of which Land and buildings: -€15,077
Equity and liabilities
- Other debts -€12,712
down €12,712 (-15.1%), from €84,207 to €71,495
- Profit (loss) carried forward +€12,664
up €12,664 (+15.4%), from -€82,091 to -€69,427
- Debts after one year -€12,018
down €12,018 (-14.3%), from €84,127 to €72,109
Income statement
- Financial charges -€11,972
down €11,972 (-84.1%), from €14,238 to €2,266
of which Non-recurring financial charges: -€11,753
- Gross operating margin +€10,896
up €10,896 (+48.8%), from €22,339 to €33,236
- Depreciation -€2,233
down €2,233 (-12.8%), from €17,502 to €15,269
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.
Result 2024
-€12,021
Gross operating margin
+€10,896
Depreciation
+€2,233
Other operating charges
-€307
Financial income
+€1
Financial charges
+€11,972
Taxes
-€110
Result 2025
€12,664
raises the resultlowers the result
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.
From operations
+€17,642
Investment
-€3,576
Financing
-€12,018
Cash 2024
€64,546
From operations (derived)
+€17,642
Net result for the year
+€12,664
Depreciation
+€15,269
Deferred charges and accrued income
+€745
Trade debts
+€1,565
Tax, wage and social debts
+€110
Other debts
-€12,712
Investment (derived)
-€3,576
Investment in fixed assets (net)
-€3,576
Financing
-€12,018
Debts after one year
-€12,018
Cash 2025
€66,593
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,979 | €239,589 | -€10,391 | -4.2% |
| Fixed assets | 21/28 | €184,068 | €172,375 | -€11,693 | -6.4% |
| Tangible fixed assets | 22/27 | €184,068 | €172,375 | -€11,693 | -6.4% |
| Land and buildings | 22 | €184,068 | €168,991 | -€15,077 | -8.2% |
| Furniture and vehicles | 24 | - | €3,384 | +€3,384 | |
| Current assets | 29/58 | €65,911 | €67,214 | +€1,302 | +2.0% |
| Cash at bank and in hand | 54/58 | €64,546 | €66,593 | +€2,048 | +3.2% |
| Deferred charges and accrued income | 490/1 | €1,366 | €620 | -€745 | -54.6% |
| Total equity and liabilities | 10/49 | €249,979 | €239,589 | -€10,391 | -4.2% |
| Equity | 10/15 | €68,262 | €80,927 | +€12,664 | +18.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €354 | €354 | = | 0.0% |
| Non-distributable reserves | 130/1 | €354 | €354 | = | 0.0% |
| Legal reserve | 130 | €354 | €354 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,091 | -€69,427 | +€12,664 | +15.4% |
| Amounts payable | 17/49 | €181,717 | €158,662 | -€23,055 | -12.7% |
| Amounts payable after more than one year | 17 | €84,127 | €72,109 | -€12,018 | -14.3% |
| Financial debts | 170/4 | €84,127 | €72,109 | -€12,018 | -14.3% |
| Amounts payable within one year | 42/48 | €97,590 | €86,553 | -€11,037 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €12,018 | €12,018 | = | 0.0% |
| Trade debts | 44 | €1,365 | €2,930 | +€1,565 | +115% |
| Suppliers | 440/4 | €1,365 | €2,930 | +€1,565 | +115% |
| Taxes, remuneration and social security | 45 | - | €110 | +€110 | |
| Taxes | 450/3 | - | €110 | +€110 | |
| Other amounts payable | 47/48 | €84,207 | €71,495 | -€12,712 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,502 | €15,269 | -€2,233 | -12.8% |
| Other operating charges | 640/8 | €2,621 | €2,928 | +€307 | +11.7% |
| Gross operating margin | 9900 | €22,339 | €33,236 | +€10,896 | +48.8% |
| Operating profit (loss) | 9901 | €2,217 | €15,039 | +€12,822 | +578% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €14,238 | €2,266 | -€11,972 | -84.1% |
| Recurring financial charges | 65 | €2,485 | €2,266 | -€219 | -8.8% |
| Non-recurring financial charges | 66B | €11,753 | - | -€11,753 | |
| Profit (loss) for the period before taxes | 9903 | -€12,021 | €12,774 | +€24,795 | |
| Income taxes | 67/77 | - | €110 | +€110 | |
| Profit (loss) for the period | 9904 | -€12,021 | €12,664 | +€24,685 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,021 | €12,664 | +€24,685 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.