GHYVAN INTERNATIONAL: what changed
What changed
GHYVAN INTERNATIONAL
NACE 46.412, Wholesale of household textiles and bedding
filed annual accounts (NBB)
Net result for the year
-€4,465
2024 · -€26,002+€21,538
Equity
€112,814
2024 · €117,279-€4,465
Cash
€17,364
2024 · €64,778-€47,414
Balance sheet total
€525,696
2024 · €401,584+€124,112
Largest movements
Assets
- Receivables within one year +€192,840
up €192,840 (+261%), from €73,882 to €266,722
of which Trade receivables: +€201,192
- Cash -€47,414
down €47,414 (-73.2%), from €64,778 to €17,364
mainly Receivables within one year (-€192,840) and Debts after one year (-€44,654)
- Stocks and contracts -€23,370
down €23,370 (-59.4%), from €39,371 to €16,001
Equity and liabilities
- Trade debts +€92,766
up €92,766 (+377%), from €24,587 to €117,353
- Advances received +€69,740
up €69,740 (+202%), from €34,465 to €104,205
- Debts after one year -€44,654
down €44,654 (-61.1%), from €73,043 to €28,389
- Tax, wage and social debts +€5,593
up €5,593 (+27.2%), from €20,579 to €26,172
of which Remuneration and social security: +€6,972
Income statement
- Gross operating margin +€7,336
up €7,336 (+22.1%), from €33,155 to €40,491
- Financial charges -€6,218
down €6,218 (-45.0%), from €13,807 to €7,589
- Staff costs +€3,221
up €3,221 (+12.9%), from €24,875 to €28,096
- Taxes +€1,393
up €1,393 (+139%), from €1,001 to €2,394
- Financial income +€568
up €568 (+11.1%), from €5,111 to €5,679
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€26,002
Gross operating margin
+€7,336
Staff costs
-€3,221
Depreciation
-€557
Other operating charges
-€371
Other operating items
+€12,957
Financial income
+€568
Financial charges
+€6,218
Taxes
-€1,393
Result 2025
-€4,465
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,365
Investment
-€8,716
Financing
-€47,063
Cash 2024
€64,778
From operations (derived)
+€8,365
Net result for the year
-€4,465
Depreciation
+€9,921
Stocks and contracts
+€23,370
Receivables within one year
-€192,840
Deferred charges and accrued income
-€3,261
Trade debts
+€92,766
Tax, wage and social debts
+€5,593
Advances received
+€69,740
Other debts
+€3,351
Accrued charges and deferred income
+€4,191
Investment (derived)
-€8,716
Investment in fixed assets (net)
-€8,716
Financing
-€47,063
Debts after one year
-€44,654
Current portion of long-term debt
-€2,436
Short-term financial debts
+€27
Cash 2025
€17,364
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,584 | €525,696 | +€124,112 | +30.9% |
| Fixed assets | 21/28 | €156,749 | €155,543 | -€1,205 | -0.8% |
| Tangible fixed assets | 22/27 | €156,749 | €155,543 | -€1,205 | -0.8% |
| Land and buildings | 22 | €155,332 | €148,904 | -€6,428 | -4.1% |
| Furniture and vehicles | 24 | €1,417 | €6,639 | +€5,222 | +369% |
| Current assets | 29/58 | €244,836 | €370,153 | +€125,317 | +51.2% |
| Amounts receivable after more than one year | 29 | €63,000 | €63,000 | = | 0.0% |
| Other amounts receivable | 291 | €63,000 | €63,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €39,371 | €16,001 | -€23,370 | -59.4% |
| Stocks | 30/36 | €39,371 | €16,001 | -€23,370 | -59.4% |
| Amounts receivable within one year | 40/41 | €73,882 | €266,722 | +€192,840 | +261% |
| Trade receivables | 40 | €54,398 | €255,590 | +€201,192 | +370% |
| Other amounts receivable | 41 | €19,484 | €11,132 | -€8,352 | -42.9% |
| Cash at bank and in hand | 54/58 | €64,778 | €17,364 | -€47,414 | -73.2% |
| Deferred charges and accrued income | 490/1 | €3,805 | €7,066 | +€3,261 | +85.7% |
| Total equity and liabilities | 10/49 | €401,584 | €525,696 | +€124,112 | +30.9% |
| Equity | 10/15 | €117,279 | €112,814 | -€4,465 | -3.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €98,687 | €98,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €98,687 | €98,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,465 | -€4,465 | |
| Amounts payable | 17/49 | €284,305 | €412,882 | +€128,577 | +45.2% |
| Amounts payable after more than one year | 17 | €73,043 | €28,389 | -€44,654 | -61.1% |
| Financial debts | 170/4 | €73,043 | €28,389 | -€44,654 | -61.1% |
| Amounts payable within one year | 42/48 | €205,078 | €374,118 | +€169,041 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €50,338 | €47,903 | -€2,436 | -4.8% |
| Financial debts | 43 | €75,000 | €75,027 | +€27 | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,027 | +€27 | 0.0% |
| Trade debts | 44 | €24,587 | €117,353 | +€92,766 | +377% |
| Suppliers | 440/4 | €24,587 | €117,353 | +€92,766 | +377% |
| Advances received on contracts in progress | 46 | €34,465 | €104,205 | +€69,740 | +202% |
| Taxes, remuneration and social security | 45 | €20,579 | €26,172 | +€5,593 | +27.2% |
| Taxes | 450/3 | €11,101 | €9,723 | -€1,379 | -12.4% |
| Remuneration and social security | 454/9 | €9,477 | €16,449 | +€6,972 | +73.6% |
| Other amounts payable | 47/48 | €109 | €3,459 | +€3,351 | +3,079% |
| Accrued charges and deferred income | 492/3 | €6,184 | €10,374 | +€4,191 | +67.8% |
| Remuneration, social security and pensions | 62 | €24,875 | €28,096 | +€3,221 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,364 | €9,921 | +€557 | +5.9% |
| Other operating charges | 640/8 | €2,265 | €2,636 | +€371 | +16.4% |
| Non-recurring operating charges | 66A | €12,957 | €0 | -€12,957 | -100% |
| Gross operating margin | 9900 | €33,155 | €40,491 | +€7,336 | +22.1% |
| Operating profit (loss) | 9901 | -€16,306 | -€161 | +€16,145 | +99.0% |
| Financial income | 75/76B | €5,111 | €5,679 | +€568 | +11.1% |
| Recurring financial income | 75 | €5,111 | €5,679 | +€568 | +11.1% |
| Financial charges | 65/66B | €13,807 | €7,589 | -€6,218 | -45.0% |
| Recurring financial charges | 65 | €13,807 | €7,589 | -€6,218 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,002 | -€2,071 | +€22,931 | +91.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €1,001 | €2,394 | +€1,393 | +139% |
| Profit (loss) for the period | 9904 | -€26,002 | -€4,465 | +€21,538 | +82.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,002 | -€4,465 | +€21,538 | +82.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.