GIHAN: 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.
GIHAN
Largest movements
- Receivables within one year +€47,377
up €47,377 (+68.4%), from €69,269 to €116,646
of which Trade receivables: +€40,484
- Stocks and contracts -€47,260
down €47,260 (-42.6%), from €111,050 to €63,790
- Deferred charges and accrued income -€5,584
down €5,584 (-53.8%), from €10,384 to €4,800
- Profit (loss) carried forward -€23,321
down €23,321, from €593 to -€22,728
- Trade debts +€17,966
up €17,966 (+12.9%), from €139,416 to €157,383
- Turnover -€35,212
down €35,212 (-23.4%), from €150,763 to €115,550
- Gross operating margin -€21,038
down €21,038, from €5,979 to -€15,059
- Purchases and services -€6,738
down €6,738 (-4.7%), from €144,784 to €138,045
- Other operating charges +€2,670
up €2,670 (+67.6%), from €3,950 to €6,621
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,133 | €188,796 | -€6,337 | -3.2% |
| Fixed assets | 21/28 | €1,631 | €815 | -€815 | -50.0% |
| Tangible fixed assets | 22/27 | €1,631 | €815 | -€815 | -50.0% |
| Furniture and vehicles | 24 | €1,631 | €815 | -€815 | -50.0% |
| Current assets | 29/58 | €193,502 | €187,980 | -€5,521 | -2.9% |
| Stocks and contracts in progress | 3 | €111,050 | €63,790 | -€47,260 | -42.6% |
| Stocks | 30/36 | €111,050 | €63,790 | -€47,260 | -42.6% |
| Amounts receivable within one year | 40/41 | €69,269 | €116,646 | +€47,377 | +68.4% |
| Trade receivables | 40 | €40,720 | €81,204 | +€40,484 | +99.4% |
| Other amounts receivable | 41 | €28,549 | €35,442 | +€6,893 | +24.1% |
| Cash at bank and in hand | 54/58 | €2,798 | €2,744 | -€54 | -1.9% |
| Deferred charges and accrued income | 490/1 | €10,384 | €4,800 | -€5,584 | -53.8% |
| Total equity and liabilities | 10/49 | €195,133 | €188,796 | -€6,337 | -3.2% |
| Equity | 10/15 | €49,910 | €26,589 | -€23,321 | -46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,717 | €30,717 | = | 0.0% |
| Non-distributable reserves | 130/1 | €388 | €388 | = | 0.0% |
| Reserves not available under the articles | 1311 | €388 | €388 | = | 0.0% |
| Distributable reserves | 133 | €30,329 | €30,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €593 | -€22,728 | -€23,321 | |
| Amounts payable | 17/49 | €145,223 | €162,207 | +€16,984 | +11.7% |
| Amounts payable within one year | 42/48 | €145,223 | €162,207 | +€16,984 | +11.7% |
| Trade debts | 44 | €139,416 | €157,383 | +€17,966 | +12.9% |
| Suppliers | 440/4 | €139,416 | €157,383 | +€17,966 | +12.9% |
| Taxes, remuneration and social security | 45 | €5,807 | €4,825 | -€982 | -16.9% |
| Taxes | 450/3 | €5,807 | €4,825 | -€982 | -16.9% |
| Turnover | 70 | €150,763 | €115,550 | -€35,212 | -23.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €144,784 | €138,045 | -€6,738 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €815 | €815 | = | 0.0% |
| Other operating charges | 640/8 | €3,950 | €6,621 | +€2,670 | +67.6% |
| Gross operating margin | 9900 | €5,979 | -€15,059 | -€21,038 | |
| Operating profit (loss) | 9901 | €1,213 | -€22,495 | -€23,708 | |
| Financial charges | 65/66B | €620 | €826 | +€206 | +33.2% |
| Recurring financial charges | 65 | €620 | €826 | +€206 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €593 | -€23,321 | -€23,914 | |
| Profit (loss) for the period | 9904 | €593 | -€23,321 | -€23,914 | |
| Profit (loss) for the period to be appropriated | 9905 | €593 | -€23,321 | -€23,914 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.