GARCHI: 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.
GARCHI
Largest movements
- Cash +€14,669
up €14,669 (+75.2%), from €19,508 to €34,177
mainly Trade debts (+€52,244) and Net result for the year (+€26,419)
- Receivables within one year +€6,482
up €6,482 (+24.3%), from €26,695 to €33,177
- Tangible fixed assets +€3,795
up €3,795 (+7.2%), from €52,508 to €56,303
- Trade debts +€52,244
up €52,244 (+14144.8%), from €369 to €52,613
- Other debts -€20,000
no longer reported in 2024 (was €20,000)
- Current portion of long-term debt -€11,283
down €11,283 (-73.5%), from €15,346 to €4,063
- Profit (loss) carried forward +€6,419
up €6,419 (+31.3%), from €20,507 to €26,926
- Advances received -€3,000
no longer reported in 2024 (was €3,000)
- Staff costs +€20,463
up €20,463 (+185.2%), from €11,049 to €31,512
- Gross operating margin +€20,455
up €20,455 (+33.6%), from €60,894 to €81,348
- Turnover +€19,097
up €19,097 (+17.8%), from €107,483 to €126,581
- Depreciation +€5,383
up €5,383 (+49.7%), from €10,823 to €16,205
- Taxes -€4,502
no longer reported in 2024 (was €4,502)
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.
Cash bridge derived
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 | €98,711 | €123,657 | +€24,946 | +25.3% |
| Fixed assets | 21/28 | €52,508 | €56,303 | +€3,795 | +7.2% |
| Tangible fixed assets | 22/27 | €52,508 | €56,303 | +€3,795 | +7.2% |
| Furniture and vehicles | 24 | €52,508 | €56,303 | +€3,795 | +7.2% |
| Current assets | 29/58 | €46,203 | €67,354 | +€21,151 | +45.8% |
| Amounts receivable within one year | 40/41 | €26,695 | €33,177 | +€6,482 | +24.3% |
| Other amounts receivable | 41 | €26,695 | €33,177 | +€6,482 | +24.3% |
| Cash at bank and in hand | 54/58 | €19,508 | €34,177 | +€14,669 | +75.2% |
| Total equity and liabilities | 10/49 | €98,711 | €123,657 | +€24,946 | +25.3% |
| Equity | 10/15 | €26,699 | €33,118 | +€6,419 | +24.0% |
| Contributions | 10/11 | €6,192 | €6,192 | = | 0.0% |
| Outside capital | 11 | €6,192 | €6,192 | = | 0.0% |
| Other | 1109/19 | €6,192 | €6,192 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,507 | €26,926 | +€6,419 | +31.3% |
| Amounts payable | 17/49 | €72,012 | €90,539 | +€18,527 | +25.7% |
| Amounts payable after more than one year | 17 | €30,006 | €30,006 | = | 0.0% |
| Financial debts | 170/4 | €30,006 | €30,006 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,006 | €60,533 | +€18,527 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €15,346 | €4,063 | -€11,283 | -73.5% |
| Trade debts | 44 | €369 | €52,613 | +€52,244 | +14144.8% |
| Suppliers | 440/4 | €369 | €52,613 | +€52,244 | +14144.8% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €3,290 | €3,857 | +€567 | +17.2% |
| Taxes | 450/3 | €3,290 | €3,284 | -€6 | -0.2% |
| Remuneration and social security | 454/9 | - | €573 | +€573 | |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Turnover | 70 | €107,483 | €126,581 | +€19,097 | +17.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,590 | €45,232 | -€1,357 | -2.9% |
| Remuneration, social security and pensions | 62 | €11,049 | €31,512 | +€20,463 | +185.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,823 | €16,205 | +€5,383 | +49.7% |
| Other operating charges | 640/8 | €2,301 | €5,924 | +€3,623 | +157.5% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €60,894 | €81,348 | +€20,455 | +33.6% |
| Operating profit (loss) | 9901 | €36,605 | €27,707 | -€8,898 | -24.3% |
| Financial charges | 65/66B | €1,901 | €1,288 | -€613 | -32.2% |
| Recurring financial charges | 65 | €1,901 | €1,288 | -€613 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €34,705 | €26,419 | -€8,286 | -23.9% |
| Income taxes | 67/77 | €4,502 | - | -€4,502 | |
| Profit (loss) for the period | 9904 | €30,203 | €26,419 | -€3,784 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,203 | €26,419 | -€3,784 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.