GHR TRANS: what changed
Two fiscal 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.
GHR TRANS
Largest movements
- Receivables within one year +€69,314
up €69,314 (+99.7%), from €69,512 to €138,825
of which Trade receivables: +€68,325
- Tangible fixed assets -€15,957
down €15,957 (-33.0%), from €48,410 to €32,453
of which Leasing and similar rights: -€10,744
- Trade debts +€66,903
up €66,903 (+219.5%), from €30,483 to €97,385
- Debts after one year -€25,375
no longer reported in 2024 (was €25,375)
- Short-term financial debts +€3,833
up €3,833 (+71.0%), from €5,400 to €9,233
- Profit (loss) carried forward +€3,617
up €3,617 (+64.5%), from €5,604 to €9,220
- Tax, wage and social debts +€2,405
up €2,405 (+39.3%), from €6,113 to €8,518
of which Taxes: +€1,894
- Depreciation -€12,485
down €12,485 (-43.9%), from €28,442 to €15,957
- Other operating charges +€5,623
up €5,623 (+60.0%), from €9,375 to €14,999
- Staff costs +€5,065
up €5,065 (+123.4%), from €4,103 to €9,168
- Gross operating margin +€1,894
up €1,894 (+3.8%), from €49,719 to €51,613
- Financial charges +€1,615
up €1,615 (+63.9%), from €2,529 to €4,143
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,464 | €171,291 | +€52,827 | +44.6% |
| Fixed assets | 21/28 | €48,410 | €32,453 | -€15,957 | -33.0% |
| Tangible fixed assets | 22/27 | €48,410 | €32,453 | -€15,957 | -33.0% |
| Plant, machinery and equipment | 23 | €826 | €413 | -€413 | -50.0% |
| Furniture and vehicles | 24 | €19,200 | €14,400 | -€4,800 | -25.0% |
| Leasing and similar rights | 25 | €28,384 | €17,640 | -€10,744 | -37.9% |
| Current assets | 29/58 | €70,053 | €138,838 | +€68,784 | +98.2% |
| Amounts receivable within one year | 40/41 | €69,512 | €138,825 | +€69,314 | +99.7% |
| Trade receivables | 40 | €62,568 | €130,893 | +€68,325 | +109.2% |
| Other amounts receivable | 41 | €6,944 | €7,932 | +€989 | +14.2% |
| Cash at bank and in hand | 54/58 | €541 | €12 | -€529 | -97.7% |
| Total equity and liabilities | 10/49 | €118,464 | €171,291 | +€52,827 | +44.6% |
| Equity | 10/15 | €26,064 | €29,680 | +€3,617 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €5,604 | €9,220 | +€3,617 | +64.5% |
| Amounts payable | 17/49 | €92,400 | €141,611 | +€49,211 | +53.3% |
| Amounts payable after more than one year | 17 | €25,375 | - | -€25,375 | |
| Financial debts | 170/4 | €25,375 | - | -€25,375 | |
| Amounts payable within one year | 42/48 | €67,025 | €141,611 | +€74,586 | +111.3% |
| Current portion of amounts payable after more than one year | 42 | €25,030 | €26,475 | +€1,445 | +5.8% |
| Financial debts | 43 | €5,400 | €9,233 | +€3,833 | +71.0% |
| Credit institutions | 430/8 | €5,400 | €9,233 | +€3,833 | +71.0% |
| Trade debts | 44 | €30,483 | €97,385 | +€66,903 | +219.5% |
| Suppliers | 440/4 | €30,483 | €97,385 | +€66,903 | +219.5% |
| Taxes, remuneration and social security | 45 | €6,113 | €8,518 | +€2,405 | +39.3% |
| Taxes | 450/3 | €5,573 | €7,467 | +€1,894 | +34.0% |
| Remuneration and social security | 454/9 | €540 | €1,051 | +€511 | +94.7% |
| Remuneration, social security and pensions | 62 | €4,103 | €9,168 | +€5,065 | +123.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,442 | €15,957 | -€12,485 | -43.9% |
| Other operating charges | 640/8 | €9,375 | €14,999 | +€5,623 | +60.0% |
| Gross operating margin | 9900 | €49,719 | €51,613 | +€1,894 | +3.8% |
| Operating profit (loss) | 9901 | €7,798 | €11,489 | +€3,691 | +47.3% |
| Financial charges | 65/66B | €2,529 | €4,143 | +€1,615 | +63.9% |
| Recurring financial charges | 65 | €2,529 | €4,143 | +€1,615 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €5,269 | €7,345 | +€2,076 | +39.4% |
| Income taxes | 67/77 | €4,209 | €3,729 | -€480 | -11.4% |
| Profit (loss) for the period | 9904 | €1,060 | €3,617 | +€2,557 | +241.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,060 | €3,617 | +€2,557 | +241.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.