GAARNE: what changed
Two fiscal 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.
GAARNE
Largest movements
- Deferred charges and accrued income -€32,999
down €32,999 (-87.5%), from €37,726 to €4,727
- Receivables within one year +€26,812
up €26,812 (+131.8%), from €20,346 to €47,158
of which Other amounts receivable: +€13,978
- Other debts +€26,056
up €26,056 (+91.2%), from €28,584 to €54,640
- Tax, wage and social debts -€12,588
down €12,588 (-98.5%), from €12,777 to €189
- Profit (loss) carried forward -€8,154
down €8,154 (-30.0%), from -€27,148 to -€35,301
- Debts after one year -€6,498
down €6,498 (-39.4%), from €16,491 to €9,993
- Trade debts -€5,553
down €5,553 (-61.1%), from €9,085 to €3,532
- Gross operating margin -€127,756
down €127,756 (-99.4%), from €128,556 to €800
- Staff costs -€16,069
down €16,069 (-98.5%), from €16,307 to €239
- Other operating charges +€5,214
up €5,214 (+245.7%), from €2,122 to €7,335
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 | €64,759 | €58,151 | -€6,608 | -10.2% |
| Fixed assets | 21/28 | €6,577 | €6,175 | -€402 | -6.1% |
| Tangible fixed assets | 22/27 | €617 | €215 | -€402 | -65.2% |
| Plant, machinery and equipment | 23 | €617 | €215 | -€402 | -65.2% |
| Financial fixed assets | 28 | €5,960 | €5,960 | = | 0.0% |
| Current assets | 29/58 | €58,182 | €51,976 | -€6,206 | -10.7% |
| Amounts receivable within one year | 40/41 | €20,346 | €47,158 | +€26,812 | +131.8% |
| Trade receivables | 40 | €19,784 | €32,619 | +€12,835 | +64.9% |
| Other amounts receivable | 41 | €562 | €14,539 | +€13,978 | +2487.5% |
| Cash at bank and in hand | 54/58 | €110 | €90 | -€20 | -18.0% |
| Deferred charges and accrued income | 490/1 | €37,726 | €4,727 | -€32,999 | -87.5% |
| Total equity and liabilities | 10/49 | €64,759 | €58,151 | -€6,608 | -10.2% |
| Equity | 10/15 | -€8,548 | -€16,701 | -€8,154 | -95.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,148 | -€35,301 | -€8,154 | -30.0% |
| Amounts payable | 17/49 | €73,306 | €74,852 | +€1,546 | +2.1% |
| Amounts payable after more than one year | 17 | €16,491 | €9,993 | -€6,498 | -39.4% |
| Financial debts | 170/4 | €16,491 | €9,993 | -€6,498 | -39.4% |
| Amounts payable within one year | 42/48 | €56,816 | €64,859 | +€8,043 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €6,369 | €6,498 | +€128 | +2.0% |
| Trade debts | 44 | €9,085 | €3,532 | -€5,553 | -61.1% |
| Suppliers | 440/4 | €9,085 | €3,532 | -€5,553 | -61.1% |
| Taxes, remuneration and social security | 45 | €12,777 | €189 | -€12,588 | -98.5% |
| Taxes | 450/3 | €12,777 | €189 | -€12,588 | -98.5% |
| Other amounts payable | 47/48 | €28,584 | €54,640 | +€26,056 | +91.2% |
| Remuneration, social security and pensions | 62 | €16,307 | €239 | -€16,069 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €402 | -€285 | -41.5% |
| Other operating charges | 640/8 | €2,122 | €7,335 | +€5,214 | +245.7% |
| Gross operating margin | 9900 | €128,556 | €800 | -€127,756 | -99.4% |
| Operating profit (loss) | 9901 | €109,440 | -€7,175 | -€116,615 | |
| Financial charges | 65/66B | €1,372 | €978 | -€394 | -28.7% |
| Recurring financial charges | 65 | €1,372 | €978 | -€394 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €108,068 | -€8,154 | -€116,222 | |
| Profit (loss) for the period | 9904 | €108,068 | -€8,154 | -€116,222 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,068 | -€8,154 | -€116,222 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.