GHYSE: 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.
GHYSE
Largest movements
- Receivables after one year -€170,610
no longer reported in 2025 (was €170,610)
- Receivables within one year +€137,812
up €137,812 (+893.3%), from €15,427 to €153,239
of which Other amounts receivable: +€153,239
- Tangible fixed assets +€30,406
up €30,406 (+4944.1%), from €615 to €31,021
- Cash +€27,519
up €27,519 (+42.2%), from €65,189 to €92,708
mainly Receivables after one year (+€170,610) and Net result for the year (+€127,021)
- Deferred charges and accrued income +€4,355
up €4,355 (+63.4%), from €6,870 to €11,225
- Other debts +€30,000
up €30,000 (+30.0%), from €100,000 to €130,000
- Profit (loss) carried forward -€2,979
down €2,979 (-2.8%), from €107,216 to €104,237
- Depreciation +€9,169
up €9,169 (+2137.3%), from €429 to €9,598
- Gross operating margin -€5,440
down €5,440 (-3.2%), from €169,271 to €163,831
- Financial income +€4,355
up €4,355 (+63.4%), from €6,869 to €11,224
of which Financial income: +€4,355
- Purchases and services -€3,452
down €3,452 (-3.5%), from €98,786 to €95,334
- Taxes -€2,562
down €2,562 (-6.5%), from €39,519 to €36,957
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 | €258,891 | €288,373 | +€29,482 | +11.4% |
| Fixed assets | 21/28 | €795 | €31,201 | +€30,406 | +3824.7% |
| Tangible fixed assets | 22/27 | €615 | €31,021 | +€30,406 | +4944.1% |
| Furniture and vehicles | 24 | €615 | €31,021 | +€30,406 | +4944.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €258,096 | €257,172 | -€924 | -0.4% |
| Amounts receivable after more than one year | 29 | €170,610 | - | -€170,610 | |
| Other amounts receivable | 291 | €170,610 | - | -€170,610 | |
| Amounts receivable within one year | 40/41 | €15,427 | €153,239 | +€137,812 | +893.3% |
| Trade receivables | 40 | €15,427 | - | -€15,427 | |
| Other amounts receivable | 41 | - | €153,239 | +€153,239 | |
| Cash at bank and in hand | 54/58 | €65,189 | €92,708 | +€27,519 | +42.2% |
| Deferred charges and accrued income | 490/1 | €6,870 | €11,225 | +€4,355 | +63.4% |
| Total equity and liabilities | 10/49 | €258,891 | €288,373 | +€29,482 | +11.4% |
| Equity | 10/15 | €127,676 | €124,697 | -€2,979 | -2.3% |
| 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 | €107,216 | €104,237 | -€2,979 | -2.8% |
| Amounts payable | 17/49 | €131,215 | €163,676 | +€32,461 | +24.7% |
| Amounts payable within one year | 42/48 | €131,215 | €163,676 | +€32,461 | +24.7% |
| Trade debts | 44 | €515 | €472 | -€43 | -8.3% |
| Suppliers | 440/4 | €515 | €472 | -€43 | -8.3% |
| Taxes, remuneration and social security | 45 | €30,700 | €33,204 | +€2,504 | +8.2% |
| Taxes | 450/3 | €30,700 | €33,204 | +€2,504 | +8.2% |
| Other amounts payable | 47/48 | €100,000 | €130,000 | +€30,000 | +30.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €98,786 | €95,334 | -€3,452 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €9,598 | +€9,169 | +2137.3% |
| Other operating charges | 640/8 | €1,353 | €915 | -€438 | -32.4% |
| Gross operating margin | 9900 | €169,271 | €163,831 | -€5,440 | -3.2% |
| Operating profit (loss) | 9901 | €167,489 | €153,318 | -€14,171 | -8.5% |
| Financial income | 75/76B | €6,869 | €11,224 | +€4,355 | +63.4% |
| Recurring financial income | 75 | €6,869 | €11,224 | +€4,355 | +63.4% |
| Non-recurring financial income | 76B | €6,869 | €11,224 | +€4,355 | +63.4% |
| Financial charges | 65/66B | €1,849 | €564 | -€1,285 | -69.5% |
| Recurring financial charges | 65 | €1,849 | €564 | -€1,285 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €172,509 | €163,978 | -€8,531 | -4.9% |
| Income taxes | 67/77 | €39,519 | €36,957 | -€2,562 | -6.5% |
| Profit (loss) for the period | 9904 | €132,990 | €127,021 | -€5,969 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,990 | €127,021 | -€5,969 | -4.5% |
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 5 October 2026 via checked.be.