GHS SERVICE: 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.
GHS SERVICE
Largest movements
- Cash +€36,038
up €36,038 (+244%), from €14,771 to €50,809
mainly Receivables within one year (+€29,598) and Trade debts (+€4,141)
- Receivables within one year -€29,598
down €29,598 (-43.4%), from €68,136 to €38,538
of which Trade receivables: -€35,343
- Tangible fixed assets -€3,566
down €3,566 (-63.2%), from €5,642 to €2,076
of which Furniture and vehicles: -€3,184
- Trade debts +€4,141
up €4,141 (+127%), from €3,260 to €7,401
- Current portion of long-term debt -€1,991
no longer reported in 2025 (was €1,991)
- Profit (loss) carried forward +€1,038
up €1,038 (+2.4%), from €42,813 to €43,851
- Purchases and services +€187,595
up €187,595 (+21.6%), from €868,039 to €1.1m
- Gross operating margin -€32,496
down €32,496 (-41.8%), from €77,747 to €45,251
- Taxes -€8,302
down €8,302 (-78.0%), from €10,648 to €2,346
- Depreciation -€2,945
down €2,945 (-45.2%), from €6,510 to €3,566
- Staff costs +€2,171
up €2,171 (+6.2%), from €35,072 to €37,243
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 | €90,283 | €93,323 | +€3,040 | +3.4% |
| Fixed assets | 21/28 | €5,642 | €2,076 | -€3,566 | -63.2% |
| Tangible fixed assets | 22/27 | €5,642 | €2,076 | -€3,566 | -63.2% |
| Plant, machinery and equipment | 23 | €973 | €592 | -€381 | -39.2% |
| Furniture and vehicles | 24 | €4,669 | €1,484 | -€3,184 | -68.2% |
| Current assets | 29/58 | €84,641 | €91,247 | +€6,606 | +7.8% |
| Amounts receivable within one year | 40/41 | €68,136 | €38,538 | -€29,598 | -43.4% |
| Trade receivables | 40 | €46,623 | €11,280 | -€35,343 | -75.8% |
| Other amounts receivable | 41 | €21,513 | €27,258 | +€5,745 | +26.7% |
| Cash at bank and in hand | 54/58 | €14,771 | €50,809 | +€36,038 | +244% |
| Deferred charges and accrued income | 490/1 | €1,734 | €1,900 | +€166 | +9.6% |
| Total equity and liabilities | 10/49 | €90,283 | €93,323 | +€3,040 | +3.4% |
| Equity | 10/15 | €62,873 | €63,911 | +€1,038 | +1.7% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 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 | €42,813 | €43,851 | +€1,038 | +2.4% |
| Amounts payable | 17/49 | €27,410 | €29,412 | +€2,003 | +7.3% |
| Amounts payable within one year | 42/48 | €27,410 | €29,412 | +€2,003 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €1,991 | - | -€1,991 | |
| Trade debts | 44 | €3,260 | €7,401 | +€4,141 | +127% |
| Suppliers | 440/4 | €3,260 | €7,401 | +€4,141 | +127% |
| Taxes, remuneration and social security | 45 | €21,979 | €22,011 | +€32 | +0.1% |
| Taxes | 450/3 | €13,538 | €12,793 | -€745 | -5.5% |
| Remuneration and social security | 454/9 | €8,441 | €9,218 | +€777 | +9.2% |
| Other amounts payable | 47/48 | €180 | - | -€180 | |
| Goods, raw materials, services and sundry goods | 60/61 | €868,039 | €1,055,634 | +€187,595 | +21.6% |
| Remuneration, social security and pensions | 62 | €35,072 | €37,243 | +€2,171 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,510 | €3,566 | -€2,945 | -45.2% |
| Other operating charges | 640/8 | €2,005 | €1,593 | -€411 | -20.5% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €77,747 | €45,251 | -€32,496 | -41.8% |
| Operating profit (loss) | 9901 | €33,910 | €2,849 | -€31,061 | -91.6% |
| Financial income | 75/76B | €938 | €1,270 | +€332 | +35.4% |
| Recurring financial income | 75 | €938 | €1,270 | +€332 | +35.4% |
| Financial charges | 65/66B | €1,299 | €736 | -€563 | -43.3% |
| Recurring financial charges | 65 | €1,299 | €736 | -€563 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €33,550 | €3,384 | -€30,166 | -89.9% |
| Income taxes | 67/77 | €10,648 | €2,346 | -€8,302 | -78.0% |
| Profit (loss) for the period | 9904 | €22,902 | €1,038 | -€21,864 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,902 | €1,038 | -€21,864 | -95.5% |
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 28 October 2026 via checked.be.