GHOST_CLEAN: what changed
GHOST_CLEAN
Largest movements
- Receivables within one year +€13,770
up €13,770 (+31.1%), from €44,325 to €58,095
of which Trade receivables: +€13,723
- Financial fixed assets +€10,800
up €10,800 (+338%), from €3,200 to €14,000
- Cash +€1,989
up €1,989 (+8.9%), from €22,360 to €24,350
mainly Tax, wage and social debts (+€42,238) and Trade debts (+€32,795)
- Profit (loss) carried forward -€49,391
new in 2025: -€49,391
- Tax, wage and social debts +€42,238
up €42,238 (+181%), from €23,301 to €65,539
of which Taxes: +€22,383
- Trade debts +€32,795
up €32,795 (+468%), from €7,012 to €39,807
- Staff costs +€226,181
up €226,181 (+155%), from €145,490 to €371,672
- Gross operating margin +€131,190
up €131,190 (+68.1%), from €192,667 to €323,857
- Taxes -€9,413
no longer reported in 2025 (was €9,413)
- Other operating charges +€4,119
new in 2025: €4,119
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,280 | €96,923 | +€25,642 | +36.0% |
| Fixed assets | 21/28 | €4,153 | €14,479 | +€10,326 | +249% |
| Tangible fixed assets | 22/27 | €953 | €479 | -€474 | -49.8% |
| Plant, machinery and equipment | 23 | €242 | €48 | -€193 | -80.0% |
| Furniture and vehicles | 24 | €711 | €430 | -€281 | -39.5% |
| Financial fixed assets | 28 | €3,200 | €14,000 | +€10,800 | +338% |
| Current assets | 29/58 | €67,128 | €82,444 | +€15,316 | +22.8% |
| Amounts receivable within one year | 40/41 | €44,325 | €58,095 | +€13,770 | +31.1% |
| Trade receivables | 40 | €21,560 | €35,283 | +€13,723 | +63.6% |
| Other amounts receivable | 41 | €22,764 | €22,812 | +€47 | +0.2% |
| Cash at bank and in hand | 54/58 | €22,360 | €24,350 | +€1,989 | +8.9% |
| Deferred charges and accrued income | 490/1 | €443 | - | -€443 | |
| Total equity and liabilities | 10/49 | €71,280 | €96,923 | +€25,642 | +36.0% |
| Equity | 10/15 | €40,968 | -€8,423 | -€49,391 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €36,968 | €36,968 | = | 0.0% |
| Distributable reserves | 133 | €36,968 | €36,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€49,391 | -€49,391 | |
| Amounts payable | 17/49 | €30,313 | €105,346 | +€75,033 | +248% |
| Amounts payable within one year | 42/48 | €30,313 | €105,346 | +€75,033 | +248% |
| Trade debts | 44 | €7,012 | €39,807 | +€32,795 | +468% |
| Suppliers | 440/4 | €7,012 | €39,807 | +€32,795 | +468% |
| Taxes, remuneration and social security | 45 | €23,301 | €65,539 | +€42,238 | +181% |
| Taxes | 450/3 | €9,413 | €31,797 | +€22,383 | +238% |
| Remuneration and social security | 454/9 | €13,887 | €33,742 | +€19,855 | +143% |
| Remuneration, social security and pensions | 62 | €145,490 | €371,672 | +€226,181 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €474 | +€5 | +1.0% |
| Other operating charges | 640/8 | - | €4,119 | +€4,119 | |
| Gross operating margin | 9900 | €192,667 | €323,857 | +€131,190 | +68.1% |
| Operating profit (loss) | 9901 | €46,707 | -€52,408 | -€99,115 | |
| Financial income | 75/76B | €409 | €3,532 | +€3,123 | +764% |
| Recurring financial income | 75 | €409 | €3,532 | +€3,123 | +764% |
| Financial charges | 65/66B | €735 | €515 | -€220 | -29.9% |
| Recurring financial charges | 65 | €735 | €515 | -€220 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €46,381 | -€49,391 | -€95,772 | |
| Income taxes | 67/77 | €9,413 | - | -€9,413 | |
| Profit (loss) for the period | 9904 | €36,968 | -€49,391 | -€86,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,968 | -€49,391 | -€86,359 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.