GARANT - UITGEVERS: 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 - UITGEVERS
Largest movements
- Cash +€53,629
up €53,629 (+772%), from €6,945 to €60,574
mainly Accrued charges and deferred income (+€178,275) and Stocks and contracts (+€8,391)
- Receivables within one year +€48,710
up €48,710 (+5.6%), from €871,488 to €920,198
of which Other amounts receivable: +€135,040
- Accrued charges and deferred income +€178,275
up €178,275 (+168%), from €105,991 to €284,266
- Trade debts -€49,324
down €49,324 (-18.1%), from €272,395 to €223,070
- Other debts -€35,405
down €35,405 (-100%), from €35,405 to €0
- Gross operating margin -€10,924
down €10,924 (-7.1%), from €153,688 to €142,764
- Financial income +€7,416
up €7,416 (+241%), from €3,080 to €10,496
- Staff costs +€6,398
up €6,398 (+4.4%), from €144,995 to €151,394
- Financial charges -€5,015
down €5,015 (-95.1%), from €5,271 to €256
- Taxes -€2,810
down €2,810 (-97.4%), from €2,884 to €74
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €931,092 | €1,024,990 | +€93,898 | +10.1% |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €931,067 | €1,024,965 | +€93,898 | +10.1% |
| Stocks and contracts in progress | 3 | €52,539 | €44,148 | -€8,391 | -16.0% |
| Stocks | 30/36 | €52,539 | €44,148 | -€8,391 | -16.0% |
| Amounts receivable within one year | 40/41 | €871,488 | €920,198 | +€48,710 | +5.6% |
| Trade receivables | 40 | €609,701 | €523,370 | -€86,330 | -14.2% |
| Other amounts receivable | 41 | €261,787 | €396,827 | +€135,040 | +51.6% |
| Current investments | 50/53 | €95 | €45 | -€50 | -52.8% |
| Cash at bank and in hand | 54/58 | €6,945 | €60,574 | +€53,629 | +772% |
| Total equity and liabilities | 10/49 | €931,092 | €1,024,990 | +€93,898 | +10.1% |
| Equity | 10/15 | €489,608 | €489,718 | +€111 | 0.0% |
| Contributions | 10/11 | €298,000 | €298,000 | = | 0.0% |
| Capital | 10 | €298,000 | €298,000 | = | 0.0% |
| Issued capital | 100 | €298,000 | €298,000 | = | 0.0% |
| Reserves | 13 | €163,051 | €163,057 | +€6 | 0.0% |
| Non-distributable reserves | 130/1 | €7,252 | €7,258 | +€6 | +0.1% |
| Legal reserve | 130 | €7,252 | €7,258 | +€6 | +0.1% |
| Distributable reserves | 133 | €155,800 | €155,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,556 | €28,661 | +€105 | +0.4% |
| Amounts payable | 17/49 | €441,484 | €535,272 | +€93,788 | +21.2% |
| Amounts payable within one year | 42/48 | €335,494 | €251,006 | -€84,488 | -25.2% |
| Trade debts | 44 | €272,395 | €223,070 | -€49,324 | -18.1% |
| Suppliers | 440/4 | €272,395 | €223,070 | -€49,324 | -18.1% |
| Taxes, remuneration and social security | 45 | €27,694 | €27,935 | +€241 | +0.9% |
| Taxes | 450/3 | €8,260 | €8,141 | -€118 | -1.4% |
| Remuneration and social security | 454/9 | €19,434 | €19,794 | +€360 | +1.9% |
| Other amounts payable | 47/48 | €35,405 | €0 | -€35,405 | -100% |
| Accrued charges and deferred income | 492/3 | €105,991 | €284,266 | +€178,275 | +168% |
| Remuneration, social security and pensions | 62 | €144,995 | €151,394 | +€6,398 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142 | €0 | -€142 | -100% |
| Other operating charges | 640/8 | €2,776 | €1,425 | -€1,351 | -48.7% |
| Gross operating margin | 9900 | €153,688 | €142,764 | -€10,924 | -7.1% |
| Operating profit (loss) | 9901 | €5,775 | -€10,055 | -€15,830 | |
| Financial income | 75/76B | €3,080 | €10,496 | +€7,416 | +241% |
| Recurring financial income | 75 | €3,080 | €10,496 | +€7,416 | +241% |
| Financial charges | 65/66B | €5,271 | €256 | -€5,015 | -95.1% |
| Recurring financial charges | 65 | €5,271 | €256 | -€5,015 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €3,584 | €184 | -€3,399 | -94.9% |
| Income taxes | 67/77 | €2,884 | €74 | -€2,810 | -97.4% |
| Profit (loss) for the period | 9904 | €700 | €111 | -€589 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €700 | €111 | -€589 | -84.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.