GHYCA: 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.
What changed
GHYCA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,270
2024 · €2,956-€5,226
Equity
€179,201
2024 · €181,470-€2,270
Cash
€137
2024 · €135+€2
Balance sheet total
€525,618
2024 · €500,970+€24,648
Largest movements
Assets
- Receivables within one year +€28,665
up €28,665 (+11.3%), from €253,244 to €281,908
of which Trade receivables: +€27,415
Equity and liabilities
- Trade debts +€18,735
up €18,735 (+44.8%), from €41,849 to €60,583
- Other debts +€12,700
up €12,700 (+29.4%), from €43,179 to €55,879
- Tax, wage and social debts -€11,371
down €11,371 (-20.0%), from €56,940 to €45,569
Income statement
- Gross operating margin -€5,185
down €5,185 (-47.1%), from €11,017 to €5,832
- Financial charges +€2,259
up €2,259 (+83.1%), from €2,720 to €4,980
- Depreciation -€1,226
down €1,226 (-31.6%), from €3,882 to €2,655
- Taxes -€1,076
no longer reported in 2025 (was €1,076)
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.
Result 2024
€2,956
Gross operating margin
-€5,185
Depreciation
+€1,226
Other operating charges
-€85
Financial income
+€0
Financial charges
-€2,259
Taxes
+€1,076
Result 2025
-€2,270
raises the resultlowers the result
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.
From operations
-€6,852
Investment
€0
Financing
+€6,854
Cash 2024
€135
From operations (derived)
-€6,852
Net result for the year
-€2,270
Depreciation
+€2,655
Stocks and contracts
+€2,000
Receivables within one year
-€28,665
Deferred charges and accrued income
-€637
Trade debts
+€18,735
Tax, wage and social debts
-€11,371
Other debts
+€12,700
Financing
+€6,854
Debts after one year
+€2,761
Current portion of long-term debt
+€3,461
Short-term financial debts
+€632
Cash 2025
€137
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500,970 | €525,618 | +€24,648 | +4.9% |
| Fixed assets | 21/28 | €53,132 | €50,476 | -€2,655 | -5.0% |
| Tangible fixed assets | 22/27 | €3,132 | €476 | -€2,655 | -84.8% |
| Plant, machinery and equipment | 23 | €3,132 | €476 | -€2,655 | -84.8% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €447,838 | €475,141 | +€27,303 | +6.1% |
| Amounts receivable after more than one year | 29 | €155,000 | €155,000 | = | 0.0% |
| Other amounts receivable | 291 | €155,000 | €155,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,099 | €2,099 | -€2,000 | -48.8% |
| Stocks | 30/36 | €4,099 | €2,099 | -€2,000 | -48.8% |
| Amounts receivable within one year | 40/41 | €253,244 | €281,908 | +€28,665 | +11.3% |
| Trade receivables | 40 | €110,764 | €138,179 | +€27,415 | +24.8% |
| Other amounts receivable | 41 | €142,480 | €143,730 | +€1,250 | +0.9% |
| Cash at bank and in hand | 54/58 | €135 | €137 | +€2 | +1.6% |
| Deferred charges and accrued income | 490/1 | €35,360 | €35,997 | +€637 | +1.8% |
| Total equity and liabilities | 10/49 | €500,970 | €525,618 | +€24,648 | +4.9% |
| Equity | 10/15 | €181,470 | €179,201 | -€2,270 | -1.3% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Capital | 10 | €37,000 | €37,000 | = | 0.0% |
| Issued capital | 100 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,470 | €142,201 | -€2,270 | -1.6% |
| Provisions and deferred taxes | 16 | €4,343 | €4,343 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,343 | €4,343 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,343 | €4,343 | = | 0.0% |
| Amounts payable | 17/49 | €315,157 | €342,075 | +€26,918 | +8.5% |
| Amounts payable after more than one year | 17 | €158,206 | €160,967 | +€2,761 | +1.7% |
| Financial debts | 170/4 | €158,206 | €160,967 | +€2,761 | +1.7% |
| Amounts payable within one year | 42/48 | €156,950 | €181,108 | +€24,157 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,461 | +€3,461 | |
| Financial debts | 43 | €14,983 | €15,615 | +€632 | +4.2% |
| Credit institutions | 430/8 | €14,983 | €15,615 | +€632 | +4.2% |
| Trade debts | 44 | €41,849 | €60,583 | +€18,735 | +44.8% |
| Suppliers | 440/4 | €41,849 | €60,583 | +€18,735 | +44.8% |
| Taxes, remuneration and social security | 45 | €56,940 | €45,569 | -€11,371 | -20.0% |
| Taxes | 450/3 | €56,940 | €45,569 | -€11,371 | -20.0% |
| Other amounts payable | 47/48 | €43,179 | €55,879 | +€12,700 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,882 | €2,655 | -€1,226 | -31.6% |
| Other operating charges | 640/8 | €384 | €469 | +€85 | +22.0% |
| Gross operating margin | 9900 | €11,017 | €5,832 | -€5,185 | -47.1% |
| Operating profit (loss) | 9901 | €6,751 | €2,708 | -€4,043 | -59.9% |
| Financial income | 75/76B | €2 | €2 | +€0 | +28.5% |
| Recurring financial income | 75 | €2 | €2 | +€0 | +28.5% |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,720 | €4,980 | +€2,259 | +83.1% |
| Recurring financial charges | 65 | €2,720 | €4,980 | +€2,259 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | €4,032 | -€2,270 | -€6,302 | |
| Income taxes | 67/77 | €1,076 | - | -€1,076 | |
| Profit (loss) for the period | 9904 | €2,956 | -€2,270 | -€5,226 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,956 | -€2,270 | -€5,226 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.