GARANT CONSTRUCT: 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.
GARANT CONSTRUCT
Largest movements
- Cash -€13,205
down €13,205 (-95.8%), from €13,784 to €579
mainly Receivables within one year (-€11,584) and Trade debts (-€5,219)
- Receivables within one year +€11,584
up €11,584 (+14.8%), from €78,269 to €89,853
of which Other amounts receivable: +€26,202
- Tax, wage and social debts +€5,432
up €5,432 (+324.9%), from €1,672 to €7,104
of which Remuneration and social security: +€5,646
- Trade debts -€5,219
down €5,219 (-12.5%), from €41,661 to €36,442
- Other debts -€4,761
no longer reported in 2025 (was €4,761)
- Profit (loss) carried forward +€2,498
up €2,498 (+9.5%), from €26,257 to €28,755
- Other operating charges +€3,152
up €3,152 (+789.9%), from €399 to €3,551
- Depreciation -€983
down €983 (-71.2%), from €1,381 to €398
- Financial income +€832
up €832 (+2773233.3%), from €0 to €832
- Gross operating margin +€446
up €446 (+6.2%), from €7,224 to €7,670
- Taxes -€214
down €214 (-12.8%), from €1,672 to €1,458
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 | €94,810 | €92,761 | -€2,049 | -2.2% |
| Fixed assets | 21/28 | €479 | €81 | -€398 | -83.1% |
| Tangible fixed assets | 22/27 | €479 | €81 | -€398 | -83.1% |
| Plant, machinery and equipment | 23 | €479 | €81 | -€398 | -83.1% |
| Current assets | 29/58 | €94,331 | €92,680 | -€1,651 | -1.8% |
| Amounts receivable within one year | 40/41 | €78,269 | €89,853 | +€11,584 | +14.8% |
| Trade receivables | 40 | €64,455 | €49,837 | -€14,618 | -22.7% |
| Other amounts receivable | 41 | €13,814 | €40,016 | +€26,202 | +189.7% |
| Cash at bank and in hand | 54/58 | €13,784 | €579 | -€13,205 | -95.8% |
| Deferred charges and accrued income | 490/1 | €2,278 | €2,248 | -€30 | -1.3% |
| Total equity and liabilities | 10/49 | €94,810 | €92,761 | -€2,049 | -2.2% |
| Equity | 10/15 | €46,717 | €49,215 | +€2,498 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,257 | €28,755 | +€2,498 | +9.5% |
| Amounts payable | 17/49 | €48,093 | €43,546 | -€4,547 | -9.5% |
| Amounts payable within one year | 42/48 | €48,093 | €43,546 | -€4,547 | -9.5% |
| Trade debts | 44 | €41,661 | €36,442 | -€5,219 | -12.5% |
| Suppliers | 440/4 | €41,661 | €36,442 | -€5,219 | -12.5% |
| Taxes, remuneration and social security | 45 | €1,672 | €7,104 | +€5,432 | +324.9% |
| Taxes | 450/3 | €1,672 | €1,458 | -€214 | -12.8% |
| Remuneration and social security | 454/9 | - | €5,646 | +€5,646 | |
| Other amounts payable | 47/48 | €4,761 | - | -€4,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,381 | €398 | -€983 | -71.2% |
| Other operating charges | 640/8 | €399 | €3,551 | +€3,152 | +789.9% |
| Gross operating margin | 9900 | €7,224 | €7,670 | +€446 | +6.2% |
| Operating profit (loss) | 9901 | €5,445 | €3,721 | -€1,724 | -31.7% |
| Financial income | 75/76B | €0 | €832 | +€832 | +2773233.3% |
| Recurring financial income | 75 | €0 | €832 | +€832 | +2773233.3% |
| Financial charges | 65/66B | €614 | €597 | -€17 | -2.7% |
| Recurring financial charges | 65 | €614 | €597 | -€17 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €4,831 | €3,956 | -€875 | -18.1% |
| Income taxes | 67/77 | €1,672 | €1,458 | -€214 | -12.8% |
| Profit (loss) for the period | 9904 | €3,159 | €2,498 | -€661 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,159 | €2,498 | -€661 | -20.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.