GHYS TECHNICS: 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.
GHYS TECHNICS
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€462,747
down €462,747 (-97.1%), from €476,536 to €13,789
mainly Current investments (-€500,000) and Trade debts (-€110,623)
- Receivables within one year -€85,654
down €85,654 (-41.3%), from €207,305 to €121,652
of which Trade receivables: -€69,701
- Tangible fixed assets -€43,610
down €43,610 (-26.4%), from €165,127 to €121,517
of which Furniture and vehicles: -€36,435
- Trade debts -€110,623
down €110,623 (-56.9%), from €194,257 to €83,634
- Reserves +€46,341
up €46,341 (+7.9%), from €586,573 to €632,914
- Tax, wage and social debts -€13,442
down €13,442 (-49.5%), from €27,155 to €13,713
of which Taxes: -€13,178
- Purchases and services -€77,636
down €77,636 (-10.9%), from €710,622 to €632,986
- Gross operating margin -€7,131
down €7,131 (-2.6%), from €270,022 to €262,890
- Depreciation +€5,515
up €5,515 (+10.5%), from €52,694 to €58,209
- Financial income +€4,601
up €4,601 (+213.0%), from €2,160 to €6,761
- Staff costs +€2,754
up €2,754 (+2.1%), from €128,806 to €131,560
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.
Cash bridge derived
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 | €849,778 | €760,824 | -€88,954 | -10.5% |
| Fixed assets | 21/28 | €165,936 | €121,943 | -€43,994 | -26.5% |
| Intangible fixed assets | 21 | €766 | €383 | -€383 | -50.0% |
| Tangible fixed assets | 22/27 | €165,127 | €121,517 | -€43,610 | -26.4% |
| Plant, machinery and equipment | 23 | €14,447 | €10,682 | -€3,765 | -26.1% |
| Furniture and vehicles | 24 | €112,765 | €76,331 | -€36,435 | -32.3% |
| Other tangible fixed assets | 26 | €37,914 | €34,504 | -€3,411 | -9.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €683,841 | €638,881 | -€44,960 | -6.6% |
| Amounts receivable within one year | 40/41 | €207,305 | €121,652 | -€85,654 | -41.3% |
| Trade receivables | 40 | €160,792 | €91,092 | -€69,701 | -43.3% |
| Other amounts receivable | 41 | €46,513 | €30,560 | -€15,953 | -34.3% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €476,536 | €13,789 | -€462,747 | -97.1% |
| Deferred charges and accrued income | 490/1 | - | €3,441 | +€3,441 | |
| Total equity and liabilities | 10/49 | €849,778 | €760,824 | -€88,954 | -10.5% |
| Equity | 10/15 | €592,778 | €639,119 | +€46,341 | +7.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €586,573 | €632,914 | +€46,341 | +7.9% |
| Distributable reserves | 133 | €586,573 | €632,914 | +€46,341 | +7.9% |
| Amounts payable | 17/49 | €256,999 | €121,704 | -€135,295 | -52.6% |
| Amounts payable after more than one year | 17 | €18,264 | €10,020 | -€8,244 | -45.1% |
| Financial debts | 170/4 | €18,264 | €10,020 | -€8,244 | -45.1% |
| Amounts payable within one year | 42/48 | €230,925 | €107,424 | -€123,501 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €7,938 | €8,244 | +€306 | +3.8% |
| Trade debts | 44 | €194,257 | €83,634 | -€110,623 | -56.9% |
| Suppliers | 440/4 | €194,257 | €83,634 | -€110,623 | -56.9% |
| Taxes, remuneration and social security | 45 | €27,155 | €13,713 | -€13,442 | -49.5% |
| Taxes | 450/3 | €21,522 | €8,344 | -€13,178 | -61.2% |
| Remuneration and social security | 454/9 | €5,633 | €5,369 | -€264 | -4.7% |
| Other amounts payable | 47/48 | €1,575 | €1,833 | +€258 | +16.4% |
| Accrued charges and deferred income | 492/3 | €7,810 | €4,260 | -€3,550 | -45.5% |
| Non-recurring operating income | 76A | €4,252 | €6,671 | +€2,419 | +56.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €710,622 | €632,986 | -€77,636 | -10.9% |
| Remuneration, social security and pensions | 62 | €128,806 | €131,560 | +€2,754 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,694 | €58,209 | +€5,515 | +10.5% |
| Other operating charges | 640/8 | €2,076 | €2,083 | +€6 | +0.3% |
| Non-recurring operating charges | 66A | €2,800 | €978 | -€1,822 | -65.1% |
| Gross operating margin | 9900 | €270,022 | €262,890 | -€7,131 | -2.6% |
| Operating profit (loss) | 9901 | €83,646 | €70,061 | -€13,585 | -16.2% |
| Financial income | 75/76B | €2,160 | €6,761 | +€4,601 | +213.0% |
| Recurring financial income | 75 | €2,160 | €6,761 | +€4,601 | +213.0% |
| Financial charges | 65/66B | €5,495 | €5,748 | +€253 | +4.6% |
| Recurring financial charges | 65 | €5,011 | €4,725 | -€286 | -5.7% |
| Non-recurring financial charges | 66B | €484 | €1,023 | +€539 | +111.5% |
| Profit (loss) for the period before taxes | 9903 | €80,310 | €71,074 | -€9,236 | -11.5% |
| Income taxes | 67/77 | €26,287 | €24,733 | -€1,555 | -5.9% |
| Profit (loss) for the period | 9904 | €54,023 | €46,341 | -€7,682 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,023 | €46,341 | -€7,682 | -14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.