DE GARAAG: 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.
DE GARAAG
Largest movements
- Receivables within one year +€16,799
up €16,799 (+36.2%), from €46,379 to €63,178
of which Trade receivables: +€8,968
- Stocks and contracts -€10,000
down €10,000 (-20.1%), from €49,629 to €39,629
- Cash +€2,960
up €2,960 (+112%), from €2,652 to €5,612
mainly Net result for the year (+€11,978) and Stocks and contracts (+€10,000)
- Profit (loss) carried forward +€11,978
up €11,978 (+52.1%), from €22,982 to €34,960
- Debts after one year -€10,645
down €10,645 (-58.4%), from €18,226 to €7,581
- Trade debts +€4,868
up €4,868 (+599%), from €812 to €5,681
- Accrued charges and deferred income +€2,627
up €2,627 (+18.3%), from €14,322 to €16,949
- Gross operating margin +€15,807
up €15,807 (+152%), from €10,405 to €26,212
- Taxes +€3,700
up €3,700 (+264%), from €1,400 to €5,100
- Financial charges +€2,158
up €2,158 (+66.1%), from €3,268 to €5,426
- Other operating charges +€961
up €961 (+34.9%), from €2,751 to €3,711
- Depreciation -€958
no longer reported in 2025 (was €958)
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 | €100,426 | €109,789 | +€9,363 | +9.3% |
| Fixed assets | 21/28 | €700 | €700 | = | 0.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €99,726 | €109,089 | +€9,363 | +9.4% |
| Stocks and contracts in progress | 3 | €49,629 | €39,629 | -€10,000 | -20.1% |
| Stocks | 30/36 | €49,629 | €39,629 | -€10,000 | -20.1% |
| Amounts receivable within one year | 40/41 | €46,379 | €63,178 | +€16,799 | +36.2% |
| Trade receivables | 40 | €33,803 | €42,771 | +€8,968 | +26.5% |
| Other amounts receivable | 41 | €12,576 | €20,408 | +€7,832 | +62.3% |
| Cash at bank and in hand | 54/58 | €2,652 | €5,612 | +€2,960 | +112% |
| Deferred charges and accrued income | 490/1 | €1,066 | €669 | -€396 | -37.2% |
| Total equity and liabilities | 10/49 | €100,426 | €109,789 | +€9,363 | +9.3% |
| Equity | 10/15 | €43,442 | €55,420 | +€11,978 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,982 | €34,960 | +€11,978 | +52.1% |
| Amounts payable | 17/49 | €56,983 | €54,369 | -€2,614 | -4.6% |
| Amounts payable after more than one year | 17 | €18,226 | €7,581 | -€10,645 | -58.4% |
| Financial debts | 170/4 | €18,226 | €7,581 | -€10,645 | -58.4% |
| Amounts payable within one year | 42/48 | €24,435 | €29,839 | +€5,404 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €9,832 | €10,645 | +€813 | +8.3% |
| Trade debts | 44 | €812 | €5,681 | +€4,868 | +599% |
| Suppliers | 440/4 | €812 | €5,681 | +€4,868 | +599% |
| Taxes, remuneration and social security | 45 | €13,791 | €13,513 | -€277 | -2.0% |
| Taxes | 450/3 | €13,791 | €13,513 | -€277 | -2.0% |
| Accrued charges and deferred income | 492/3 | €14,322 | €16,949 | +€2,627 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | - | -€958 | |
| Other operating charges | 640/8 | €2,751 | €3,711 | +€961 | +34.9% |
| Gross operating margin | 9900 | €10,405 | €26,212 | +€15,807 | +152% |
| Operating profit (loss) | 9901 | €6,696 | €22,501 | +€15,805 | +236% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,268 | €5,426 | +€2,158 | +66.1% |
| Recurring financial charges | 65 | €3,268 | €5,426 | +€2,158 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €3,428 | €17,078 | +€13,649 | +398% |
| Income taxes | 67/77 | €1,400 | €5,100 | +€3,700 | +264% |
| Profit (loss) for the period | 9904 | €2,028 | €11,978 | +€9,949 | +490% |
| Profit (loss) for the period to be appropriated | 9905 | €2,028 | €11,978 | +€9,949 | +490% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.