DE GARAASJ: 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 GARAASJ
Largest movements
- Tangible fixed assets -€20,651
down €20,651 (-35.6%), from €58,062 to €37,411
of which Plant, machinery and equipment: -€17,611
- Cash +€20,314
up €20,314 (+42.7%), from €47,537 to €67,851
mainly Depreciation (+€21,258) and Other debts (+€11,235)
- Receivables within one year -€9,193
down €9,193 (-35.8%), from €25,650 to €16,457
of which Trade receivables: -€5,396
- Deferred charges and accrued income +€8,546
up €8,546 (+109%), from €7,846 to €16,392
- Stocks and contracts +€5,352
up €5,352 (+17.4%), from €30,808 to €36,159
- Trade debts -€14,456
down €14,456 (-40.6%), from €35,635 to €21,179
- Other debts +€11,235
up €11,235 (+703%), from €1,597 to €12,832
- Profit (loss) carried forward +€7,587
up €7,587 (+79.9%), from -€9,492 to -€1,906
- Current portion of long-term debt -€6,268
down €6,268 (-36.4%), from €17,226 to €10,958
- Tax, wage and social debts +€5,463
up €5,463 (+12.7%), from €43,038 to €48,501
of which Taxes: +€3,510
- Staff costs -€26,654
down €26,654 (-15.0%), from €177,956 to €151,302
- Taxes +€5,168
up €5,168 (+650%), from €795 to €5,963
- Gross operating margin -€4,513
down €4,513 (-2.3%), from €194,893 to €190,381
- Depreciation +€4,255
up €4,255 (+25.0%), from €17,003 to €21,258
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 | €170,263 | €174,630 | +€4,367 | +2.6% |
| Fixed assets | 21/28 | €58,422 | €37,771 | -€20,651 | -35.3% |
| Tangible fixed assets | 22/27 | €58,062 | €37,411 | -€20,651 | -35.6% |
| Land and buildings | 22 | €229 | €153 | -€76 | -33.3% |
| Plant, machinery and equipment | 23 | €48,115 | €30,504 | -€17,611 | -36.6% |
| Furniture and vehicles | 24 | €9,718 | €6,755 | -€2,964 | -30.5% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €111,841 | €136,859 | +€25,019 | +22.4% |
| Stocks and contracts in progress | 3 | €30,808 | €36,159 | +€5,352 | +17.4% |
| Stocks | 30/36 | €30,808 | €36,159 | +€5,352 | +17.4% |
| Amounts receivable within one year | 40/41 | €25,650 | €16,457 | -€9,193 | -35.8% |
| Trade receivables | 40 | €16,445 | €11,049 | -€5,396 | -32.8% |
| Other amounts receivable | 41 | €9,205 | €5,408 | -€3,797 | -41.2% |
| Cash at bank and in hand | 54/58 | €47,537 | €67,851 | +€20,314 | +42.7% |
| Deferred charges and accrued income | 490/1 | €7,846 | €16,392 | +€8,546 | +109% |
| Total equity and liabilities | 10/49 | €170,263 | €174,630 | +€4,367 | +2.6% |
| Equity | 10/15 | €72,766 | €80,353 | +€7,587 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,659 | €63,659 | = | 0.0% |
| Distributable reserves | 133 | €63,659 | €63,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,492 | -€1,906 | +€7,587 | +79.9% |
| Amounts payable | 17/49 | €97,496 | €94,277 | -€3,219 | -3.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €97,496 | €93,471 | -€4,026 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €17,226 | €10,958 | -€6,268 | -36.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €35,635 | €21,179 | -€14,456 | -40.6% |
| Suppliers | 440/4 | €35,635 | €21,179 | -€14,456 | -40.6% |
| Taxes, remuneration and social security | 45 | €43,038 | €48,501 | +€5,463 | +12.7% |
| Taxes | 450/3 | €22,878 | €26,389 | +€3,510 | +15.3% |
| Remuneration and social security | 454/9 | €20,160 | €22,112 | +€1,953 | +9.7% |
| Other amounts payable | 47/48 | €1,597 | €12,832 | +€11,235 | +703% |
| Accrued charges and deferred income | 492/3 | - | €806 | +€806 | |
| Remuneration, social security and pensions | 62 | €177,956 | €151,302 | -€26,654 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,003 | €21,258 | +€4,255 | +25.0% |
| Other operating charges | 640/8 | €1,548 | €1,585 | +€37 | +2.4% |
| Gross operating margin | 9900 | €194,893 | €190,381 | -€4,513 | -2.3% |
| Operating profit (loss) | 9901 | -€1,613 | €16,235 | +€17,849 | |
| Financial income | 75/76B | €25 | €251 | +€226 | +908% |
| Recurring financial income | 75 | €25 | €251 | +€226 | +908% |
| Financial charges | 65/66B | €2,180 | €2,936 | +€756 | +34.7% |
| Recurring financial charges | 65 | €2,180 | €2,936 | +€756 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,769 | €13,550 | +€17,318 | |
| Income taxes | 67/77 | €795 | €5,963 | +€5,168 | +650% |
| Profit (loss) for the period | 9904 | -€4,563 | €7,587 | +€12,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,563 | €7,587 | +€12,150 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.