GARANT FOREVER 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 FOREVER CONSTRUCT
Largest movements
- Receivables within one year +€31,288
up €31,288 (+109%), from €28,581 to €59,869
of which Trade receivables: +€16,423
- Cash -€12,601
down €12,601 (-79.8%), from €15,786 to €3,185
mainly Receivables within one year (-€31,288) and Trade debts (-€14,816)
- Profit (loss) carried forward +€40,976
up €40,976 (+157%), from €26,131 to €67,107
- Trade debts -€14,816
down €14,816 (-98.6%), from €15,029 to €213
- Other debts -€6,935
down €6,935 (-99.9%), from €6,943 to €8
- Turnover +€388,404
up €388,404 (+70.5%), from €551,170 to €939,574
- Gross operating margin +€12,776
up €12,776 (+31.5%), from €40,497 to €53,273
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 | €50,521 | €69,746 | +€19,225 | +38.1% |
| Fixed assets | 21/28 | €6,154 | €6,692 | +€538 | +8.7% |
| Tangible fixed assets | 22/27 | €6,154 | €6,692 | +€538 | +8.7% |
| Furniture and vehicles | 24 | €6,154 | €6,692 | +€538 | +8.7% |
| Current assets | 29/58 | €44,367 | €63,054 | +€18,687 | +42.1% |
| Amounts receivable within one year | 40/41 | €28,581 | €59,869 | +€31,288 | +109% |
| Trade receivables | 40 | €23,563 | €39,986 | +€16,423 | +69.7% |
| Other amounts receivable | 41 | €5,018 | €19,883 | +€14,865 | +296% |
| Cash at bank and in hand | 54/58 | €15,786 | €3,185 | -€12,601 | -79.8% |
| Total equity and liabilities | 10/49 | €50,521 | €69,746 | +€19,225 | +38.1% |
| Equity | 10/15 | €27,781 | €68,757 | +€40,976 | +147% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Legal reserve | 130 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,131 | €67,107 | +€40,976 | +157% |
| Amounts payable | 17/49 | €22,740 | €989 | -€21,751 | -95.7% |
| Amounts payable within one year | 42/48 | €22,740 | €989 | -€21,751 | -95.7% |
| Trade debts | 44 | €15,029 | €213 | -€14,816 | -98.6% |
| Suppliers | 440/4 | €15,029 | €213 | -€14,816 | -98.6% |
| Taxes, remuneration and social security | 45 | €768 | €768 | = | 0.0% |
| Remuneration and social security | 454/9 | €768 | €768 | = | 0.0% |
| Other amounts payable | 47/48 | €6,943 | €8 | -€6,935 | -99.9% |
| Turnover | 70 | €551,170 | €939,574 | +€388,404 | +70.5% |
| Remuneration, social security and pensions | 62 | - | €173 | +€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,352 | €8,563 | +€4,211 | +96.8% |
| Other operating charges | 640/8 | €1,241 | €3,301 | +€2,060 | +166% |
| Gross operating margin | 9900 | €40,497 | €53,273 | +€12,776 | +31.5% |
| Operating profit (loss) | 9901 | €34,904 | €41,236 | +€6,332 | +18.1% |
| Financial charges | 65/66B | €21 | €260 | +€239 | +1,138% |
| Recurring financial charges | 65 | €21 | €260 | +€239 | +1,138% |
| Profit (loss) for the period before taxes | 9903 | €34,883 | €40,976 | +€6,093 | +17.5% |
| Profit (loss) for the period | 9904 | €34,883 | €40,976 | +€6,093 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,883 | €40,976 | +€6,093 | +17.5% |
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 15 October 2026 via checked.be.