Garant Bouw: what changed
Garant Bouw
Largest movements
- Receivables within one year +€43,509
up €43,509 (+42.4%), from €102,562 to €146,071
of which Other amounts receivable: +€33,142
- Cash -€19,760
down €19,760 (-85.5%), from €23,113 to €3,353
mainly Receivables within one year (-€43,509) and Investment in fixed assets (net) (-€11,333)
- Receivables after one year +€3,623
up €3,623 (+3.5%), from €103,500 to €107,123
- Deferred charges and accrued income +€3,377
up €3,377 (+301%), from €1,121 to €4,498
- Reserves +€44,787
up €44,787 (+24.4%), from €183,794 to €228,581
of which Distributable reserves: +€44,787
- Debts after one year -€8,159
down €8,159 (-100%), from €8,159 to €0
- Tax, wage and social debts -€6,783
down €6,783 (-25.7%), from €26,420 to €19,637
- Trade debts +€4,531
up €4,531, from €0 to €4,531
- Gross operating margin +€27,694
up €27,694 (+59.7%), from €46,385 to €74,079
- Taxes +€5,445
up €5,445 (+38.4%), from €14,195 to €19,640
- Depreciation +€3,141
up €3,141 (+45.9%), from €6,841 to €9,982
- Financial charges +€858
up €858 (+65.1%), from €1,318 to €2,176
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,316 | €279,416 | +€32,100 | +13.0% |
| Fixed assets | 21/28 | €17,021 | €18,372 | +€1,351 | +7.9% |
| Tangible fixed assets | 22/27 | €17,021 | €18,372 | +€1,351 | +7.9% |
| Plant, machinery and equipment | 23 | €13,326 | €8,208 | -€5,119 | -38.4% |
| Furniture and vehicles | 24 | €3,695 | €10,164 | +€6,469 | +175% |
| Current assets | 29/58 | €230,295 | €261,045 | +€30,749 | +13.4% |
| Amounts receivable after more than one year | 29 | €103,500 | €107,123 | +€3,623 | +3.5% |
| Other amounts receivable | 291 | €103,500 | €107,123 | +€3,623 | +3.5% |
| Amounts receivable within one year | 40/41 | €102,562 | €146,071 | +€43,509 | +42.4% |
| Trade receivables | 40 | €42,725 | €53,091 | +€10,367 | +24.3% |
| Other amounts receivable | 41 | €59,837 | €92,979 | +€33,142 | +55.4% |
| Cash at bank and in hand | 54/58 | €23,113 | €3,353 | -€19,760 | -85.5% |
| Deferred charges and accrued income | 490/1 | €1,121 | €4,498 | +€3,377 | +301% |
| Total equity and liabilities | 10/49 | €247,316 | €279,416 | +€32,100 | +13.0% |
| Equity | 10/15 | €202,394 | €247,181 | +€44,787 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,794 | €228,581 | +€44,787 | +24.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €181,934 | €226,721 | +€44,787 | +24.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €44,922 | €32,235 | -€12,686 | -28.2% |
| Amounts payable after more than one year | 17 | €8,159 | €0 | -€8,159 | -100% |
| Financial debts | 170/4 | €8,159 | €0 | -€8,159 | -100% |
| Amounts payable within one year | 42/48 | €36,763 | €32,235 | -€4,527 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €10,343 | €8,068 | -€2,275 | -22.0% |
| Trade debts | 44 | €0 | €4,531 | +€4,531 | |
| Suppliers | 440/4 | €0 | €4,531 | +€4,531 | |
| Taxes, remuneration and social security | 45 | €26,420 | €19,637 | -€6,783 | -25.7% |
| Taxes | 450/3 | €26,420 | €19,637 | -€6,783 | -25.7% |
| Remuneration, social security and pensions | 62 | €0 | €445 | +€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,841 | €9,982 | +€3,141 | +45.9% |
| Other operating charges | 640/8 | €4,365 | €3,819 | -€546 | -12.5% |
| Non-recurring operating charges | 66A | - | €200 | +€200 | |
| Gross operating margin | 9900 | €46,385 | €74,079 | +€27,694 | +59.7% |
| Operating profit (loss) | 9901 | €35,180 | €59,634 | +€24,454 | +69.5% |
| Financial income | 75/76B | €6,319 | €6,968 | +€649 | +10.3% |
| Recurring financial income | 75 | €6,319 | €6,968 | +€649 | +10.3% |
| Financial charges | 65/66B | €1,318 | €2,176 | +€858 | +65.1% |
| Recurring financial charges | 65 | €1,318 | €2,176 | +€858 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €40,181 | €64,427 | +€24,246 | +60.3% |
| Income taxes | 67/77 | €14,195 | €19,640 | +€5,445 | +38.4% |
| Profit (loss) for the period | 9904 | €25,986 | €44,787 | +€18,801 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,986 | €44,787 | +€18,801 | +72.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.