Colin Garry: 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.
Colin Garry
Largest movements
- Receivables within one year +€6,131
up €6,131 (+21.3%), from €28,753 to €34,884
of which Other amounts receivable: +€6,131
- Cash +€3,474
up €3,474 (+34.6%), from €10,030 to €13,503
mainly Net result for the year (+€13,894) and Depreciation (+€1,222)
- Tangible fixed assets +€1,223
up €1,223 (+41.5%), from €2,949 to €4,172
of which Plant, machinery and equipment: +€2,216
- Financial fixed assets +€750
new in 2025: €750
- Reserves +€13,894
up €13,894 (+55.8%), from €24,883 to €38,776
- Trade debts -€3,182
down €3,182 (-77.6%), from €4,102 to €920
- Current portion of long-term debt +€843
up €843, from €0 to €843
- Gross operating margin +€16,934
up €16,934 (+90.6%), from €18,699 to €35,633
- Other operating charges +€12,086
up €12,086 (+1,580%), from €765 to €12,852
- Depreciation -€7,155
down €7,155 (-85.4%), from €8,377 to €1,222
- Financial charges +€1,996
up €1,996 (+469%), from €425 to €2,422
- Taxes +€1,705
up €1,705 (+48.1%), from €3,542 to €5,248
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.
Derived cash bridge
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 | €41,731 | €53,309 | +€11,578 | +27.7% |
| Fixed assets | 21/28 | €2,949 | €4,922 | +€1,973 | +66.9% |
| Tangible fixed assets | 22/27 | €2,949 | €4,172 | +€1,223 | +41.5% |
| Plant, machinery and equipment | 23 | €0 | €2,216 | +€2,216 | |
| Furniture and vehicles | 24 | €2,949 | €1,956 | -€993 | -33.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €38,782 | €48,387 | +€9,605 | +24.8% |
| Amounts receivable within one year | 40/41 | €28,753 | €34,884 | +€6,131 | +21.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €28,753 | €34,884 | +€6,131 | +21.3% |
| Cash at bank and in hand | 54/58 | €10,030 | €13,503 | +€3,474 | +34.6% |
| Total equity and liabilities | 10/49 | €41,731 | €53,309 | +€11,578 | +27.7% |
| Equity | 10/15 | €28,383 | €42,276 | +€13,894 | +49.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €24,883 | €38,776 | +€13,894 | +55.8% |
| Distributable reserves | 133 | €24,883 | €38,776 | +€13,894 | +55.8% |
| Amounts payable | 17/49 | €13,349 | €11,033 | -€2,316 | -17.3% |
| Amounts payable within one year | 42/48 | €13,349 | €11,033 | -€2,316 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €843 | +€843 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,102 | €920 | -€3,182 | -77.6% |
| Suppliers | 440/4 | €4,102 | €920 | -€3,182 | -77.6% |
| Taxes, remuneration and social security | 45 | €9,246 | €9,269 | +€23 | +0.2% |
| Taxes | 450/3 | €9,246 | €9,269 | +€23 | +0.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €27,149 | +€27,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,377 | €1,222 | -€7,155 | -85.4% |
| Other operating charges | 640/8 | €765 | €12,852 | +€12,086 | +1,580% |
| Gross operating margin | 9900 | €18,699 | €35,633 | +€16,934 | +90.6% |
| Operating profit (loss) | 9901 | €9,557 | €21,559 | +€12,003 | +126% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €425 | €2,422 | +€1,996 | +469% |
| Recurring financial charges | 65 | €425 | €2,422 | +€1,996 | +469% |
| Profit (loss) for the period before taxes | 9903 | €9,131 | €19,141 | +€10,010 | +110% |
| Income taxes | 67/77 | €3,542 | €5,248 | +€1,705 | +48.1% |
| Profit (loss) for the period | 9904 | €5,589 | €13,894 | +€8,304 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €5,589 | €13,894 | +€8,304 | +149% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.