DE GARRE: 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 GARRE
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€27,402
down €27,402 (-23.1%), from €118,669 to €91,268
mainly Contributions, distributions and other (-€114,621) and Current investments (-€100,000)
- Tangible fixed assets -€18,731
down €18,731 (-14.8%), from €126,935 to €108,205
of which Furniture and vehicles: -€22,105
- Receivables within one year +€7,797
up €7,797 (+123.5%), from €6,314 to €14,111
of which Other amounts receivable: +€8,726
- Deferred charges and accrued income +€4,436
up €4,436 (+64.1%), from €6,918 to €11,354
- Other debts +€87,482
up €87,482 (+1702.1%), from €5,140 to €92,621
- Reserves -€22,000
down €22,000 (-9.6%), from €229,817 to €207,817
of which Distributable reserves: -€22,000
- Gross operating margin +€43,929
up €43,929 (+18.7%), from €234,629 to €278,558
- Depreciation +€23,818
up €23,818 (+823.4%), from €2,893 to €26,711
- Staff costs +€17,565
up €17,565 (+16.9%), from €104,016 to €121,581
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.
Cash bridge derived
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 | €282,767 | €349,889 | +€67,122 | +23.7% |
| Fixed assets | 21/28 | €129,650 | €110,920 | -€18,731 | -14.4% |
| Tangible fixed assets | 22/27 | €126,935 | €108,205 | -€18,731 | -14.8% |
| Plant, machinery and equipment | 23 | €1,244 | €4,922 | +€3,678 | +295.6% |
| Furniture and vehicles | 24 | €123,018 | €100,913 | -€22,105 | -18.0% |
| Other tangible fixed assets | 26 | €2,673 | €2,370 | -€303 | -11.3% |
| Financial fixed assets | 28 | €2,715 | €2,715 | = | 0.0% |
| Current assets | 29/58 | €153,117 | €238,969 | +€85,853 | +56.1% |
| Stocks and contracts in progress | 3 | €21,215 | €22,237 | +€1,022 | +4.8% |
| Stocks | 30/36 | €21,215 | €22,237 | +€1,022 | +4.8% |
| Amounts receivable within one year | 40/41 | €6,314 | €14,111 | +€7,797 | +123.5% |
| Trade receivables | 40 | €2,674 | €1,744 | -€930 | -34.8% |
| Other amounts receivable | 41 | €3,640 | €12,366 | +€8,726 | +239.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €118,669 | €91,268 | -€27,402 | -23.1% |
| Deferred charges and accrued income | 490/1 | €6,918 | €11,354 | +€4,436 | +64.1% |
| Total equity and liabilities | 10/49 | €282,767 | €349,889 | +€67,122 | +23.7% |
| Equity | 10/15 | €236,017 | €214,017 | -€22,000 | -9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €229,817 | €207,817 | -€22,000 | -9.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €229,817 | €207,817 | -€22,000 | -9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,750 | €135,872 | +€89,122 | +190.6% |
| Amounts payable within one year | 42/48 | €46,363 | €135,392 | +€89,029 | +192.0% |
| Financial debts | 43 | €8,466 | €8,434 | -€32 | -0.4% |
| Credit institutions | 430/8 | €8,466 | €8,434 | -€32 | -0.4% |
| Trade debts | 44 | €15,169 | €14,975 | -€193 | -1.3% |
| Suppliers | 440/4 | €15,169 | €14,975 | -€193 | -1.3% |
| Taxes, remuneration and social security | 45 | €17,589 | €19,362 | +€1,773 | +10.1% |
| Taxes | 450/3 | €8,319 | €8,571 | +€252 | +3.0% |
| Remuneration and social security | 454/9 | €9,270 | €10,791 | +€1,521 | +16.4% |
| Other amounts payable | 47/48 | €5,140 | €92,621 | +€87,482 | +1702.1% |
| Accrued charges and deferred income | 492/3 | €387 | €480 | +€93 | +24.0% |
| Non-recurring operating income | 76A | €21,601 | €0 | -€21,601 | -100.0% |
| Remuneration, social security and pensions | 62 | €104,016 | €121,581 | +€17,565 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,893 | €26,711 | +€23,818 | +823.4% |
| Other operating charges | 640/8 | €2,672 | €1,582 | -€1,089 | -40.8% |
| Gross operating margin | 9900 | €234,629 | €278,558 | +€43,929 | +18.7% |
| Operating profit (loss) | 9901 | €125,048 | €128,684 | +€3,636 | +2.9% |
| Financial income | 75/76B | €2 | €2,464 | +€2,462 | +123727.1% |
| Recurring financial income | 75 | €2 | €2,464 | +€2,462 | +123727.1% |
| Financial charges | 65/66B | €5,717 | €6,595 | +€878 | +15.4% |
| Recurring financial charges | 65 | €5,717 | €6,595 | +€878 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €119,333 | €124,553 | +€5,220 | +4.4% |
| Income taxes | 67/77 | €30,177 | €31,931 | +€1,754 | +5.8% |
| Profit (loss) for the period | 9904 | €89,155 | €92,621 | +€3,466 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,155 | €92,621 | +€3,466 | +3.9% |
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 9 October 2026 via checked.be.