GARCIA CONSTRUCT: 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.
GARCIA CONSTRUCT
Largest movements
- Receivables within one year +€19,093
up €19,093 (+29.0%), from €65,763 to €84,856
of which Trade receivables: +€19,955
- Tangible fixed assets -€3,562
down €3,562 (-68.1%), from €5,230 to €1,668
of which Plant, machinery and equipment: -€2,167
- Cash -€2,142
down €2,142 (-61.6%), from €3,474 to €1,333
mainly Receivables within one year (-€19,093) and Other debts (-€2,500)
- Tax, wage and social debts +€7,619
up €7,619 (+177.3%), from €4,299 to €11,918
of which Remuneration and social security: +€3,834
- Profit (loss) carried forward +€5,785
up €5,785 (+15.4%), from €37,460 to €43,245
- Trade debts +€3,822
up €3,822 (+34.8%), from €10,974 to €14,796
- Other debts -€2,500
down €2,500 (-14.3%), from €17,523 to €15,023
- Short-term financial debts -€1,525
no longer reported in 2024 (was €1,525)
- Staff costs -€34,057
down €34,057 (-90.2%), from €37,754 to €3,697
- Gross operating margin -€31,029
down €31,029 (-52.0%), from €59,656 to €28,627
- Financial charges +€2,987
up €2,987 (+36.3%), from €8,236 to €11,224
- Depreciation -€736
down €736 (-17.1%), from €4,298 to €3,562
- Taxes +€631
up €631 (+20.0%), from €3,154 to €3,785
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 | €74,781 | €87,983 | +€13,201 | +17.7% |
| Fixed assets | 21/28 | €5,230 | €1,668 | -€3,562 | -68.1% |
| Tangible fixed assets | 22/27 | €5,230 | €1,668 | -€3,562 | -68.1% |
| Plant, machinery and equipment | 23 | €3,835 | €1,668 | -€2,167 | -56.5% |
| Furniture and vehicles | 24 | €1,396 | - | -€1,396 | |
| Current assets | 29/58 | €69,551 | €86,314 | +€16,763 | +24.1% |
| Amounts receivable within one year | 40/41 | €65,763 | €84,856 | +€19,093 | +29.0% |
| Trade receivables | 40 | €63,788 | €83,743 | +€19,955 | +31.3% |
| Other amounts receivable | 41 | €1,976 | €1,113 | -€863 | -43.7% |
| Cash at bank and in hand | 54/58 | €3,474 | €1,333 | -€2,142 | -61.6% |
| Deferred charges and accrued income | 490/1 | €314 | €126 | -€188 | -59.8% |
| Total equity and liabilities | 10/49 | €74,781 | €87,983 | +€13,201 | +17.7% |
| Equity | 10/15 | €40,460 | €46,245 | +€5,785 | +14.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,460 | €43,245 | +€5,785 | +15.4% |
| Amounts payable | 17/49 | €34,322 | €41,737 | +€7,416 | +21.6% |
| Amounts payable within one year | 42/48 | €34,322 | €41,737 | +€7,416 | +21.6% |
| Financial debts | 43 | €1,525 | - | -€1,525 | |
| Credit institutions | 430/8 | €1,525 | - | -€1,525 | |
| Trade debts | 44 | €10,974 | €14,796 | +€3,822 | +34.8% |
| Suppliers | 440/4 | €10,974 | €14,796 | +€3,822 | +34.8% |
| Taxes, remuneration and social security | 45 | €4,299 | €11,918 | +€7,619 | +177.3% |
| Taxes | 450/3 | €3,133 | €6,918 | +€3,785 | +120.8% |
| Remuneration and social security | 454/9 | €1,166 | €5,000 | +€3,834 | +329.0% |
| Other amounts payable | 47/48 | €17,523 | €15,023 | -€2,500 | -14.3% |
| Remuneration, social security and pensions | 62 | €37,754 | €3,697 | -€34,057 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,298 | €3,562 | -€736 | -17.1% |
| Other operating charges | 640/8 | €1,180 | €696 | -€484 | -41.0% |
| Gross operating margin | 9900 | €59,656 | €28,627 | -€31,029 | -52.0% |
| Operating profit (loss) | 9901 | €16,425 | €20,672 | +€4,247 | +25.9% |
| Financial income | 75/76B | €88 | €122 | +€34 | +38.1% |
| Recurring financial income | 75 | €88 | €122 | +€34 | +38.1% |
| Financial charges | 65/66B | €8,236 | €11,224 | +€2,987 | +36.3% |
| Recurring financial charges | 65 | €8,236 | €11,224 | +€2,987 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €8,277 | €9,570 | +€1,294 | +15.6% |
| Income taxes | 67/77 | €3,154 | €3,785 | +€631 | +20.0% |
| Profit (loss) for the period | 9904 | €5,123 | €5,785 | +€662 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,123 | €5,785 | +€662 | +12.9% |
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 2 October 2026 via checked.be.