GARCIA – DGEX.: what changed
GARCIA – DGEX.
Largest movements
- Cash -€17,846
down €17,846 (-43.0%), from €41,527 to €23,681
mainly Other debts (-€20,000) and Receivables within one year (-€16,920)
- Receivables within one year +€16,920
up €16,920 (+32.3%), from €52,440 to €69,360
of which Trade receivables: +€26,338
- Intangible fixed assets +€8,490
new in 2025: €8,490
- Tangible fixed assets -€3,321
down €3,321 (-16.4%), from €20,206 to €16,885
of which Furniture and vehicles: -€5,402
- Other debts -€20,000
down €20,000 (-57.1%), from €35,000 to €15,000
- Tax, wage and social debts +€11,758
up €11,758 (+57.5%), from €20,454 to €32,212
of which Taxes: +€10,405
- Debts after one year +€9,783
new in 2025: €9,783
- Trade debts +€3,201
up €3,201 (+27.0%), from €11,840 to €15,041
- Gross operating margin -€21,761
down €21,761 (-11.4%), from €190,398 to €168,638
- Staff costs -€13,702
down €13,702 (-9.4%), from €145,939 to €132,237
- Taxes -€3,924
down €3,924 (-34.0%), from €11,538 to €7,614
- Depreciation +€2,576
up €2,576 (+29.3%), from €8,797 to €11,373
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,179 | €119,039 | +€4,860 | +4.3% |
| Fixed assets | 21/28 | €20,206 | €25,375 | +€5,169 | +25.6% |
| Intangible fixed assets | 21 | - | €8,490 | +€8,490 | |
| Tangible fixed assets | 22/27 | €20,206 | €16,885 | -€3,321 | -16.4% |
| Furniture and vehicles | 24 | €19,746 | €14,344 | -€5,402 | -27.4% |
| Other tangible fixed assets | 26 | €460 | €2,541 | +€2,081 | +453% |
| Current assets | 29/58 | €93,973 | €93,664 | -€309 | -0.3% |
| Amounts receivable within one year | 40/41 | €52,440 | €69,360 | +€16,920 | +32.3% |
| Trade receivables | 40 | €40,451 | €66,789 | +€26,338 | +65.1% |
| Other amounts receivable | 41 | €11,989 | €2,571 | -€9,418 | -78.6% |
| Cash at bank and in hand | 54/58 | €41,527 | €23,681 | -€17,846 | -43.0% |
| Deferred charges and accrued income | 490/1 | €5 | €623 | +€618 | +11,399% |
| Total equity and liabilities | 10/49 | €114,179 | €119,039 | +€4,860 | +4.3% |
| Equity | 10/15 | €43,817 | €44,119 | +€302 | +0.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,757 | €36,059 | +€302 | +0.8% |
| Amounts payable | 17/49 | €70,362 | €74,920 | +€4,559 | +6.5% |
| Amounts payable after more than one year | 17 | - | €9,783 | +€9,783 | |
| Financial debts | 170/4 | - | €9,783 | +€9,783 | |
| Amounts payable within one year | 42/48 | €70,362 | €65,137 | -€5,224 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €3,068 | €2,884 | -€183 | -6.0% |
| Trade debts | 44 | €11,840 | €15,041 | +€3,201 | +27.0% |
| Suppliers | 440/4 | €11,840 | €15,041 | +€3,201 | +27.0% |
| Taxes, remuneration and social security | 45 | €20,454 | €32,212 | +€11,758 | +57.5% |
| Taxes | 450/3 | €4,395 | €14,801 | +€10,405 | +237% |
| Remuneration and social security | 454/9 | €16,059 | €17,411 | +€1,353 | +8.4% |
| Other amounts payable | 47/48 | €35,000 | €15,000 | -€20,000 | -57.1% |
| Non-recurring operating income | 76A | €2,264 | €694 | -€1,570 | -69.4% |
| Remuneration, social security and pensions | 62 | €145,939 | €132,237 | -€13,702 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,797 | €11,373 | +€2,576 | +29.3% |
| Other operating charges | 640/8 | €587 | €600 | +€12 | +2.1% |
| Gross operating margin | 9900 | €190,398 | €168,638 | -€21,761 | -11.4% |
| Operating profit (loss) | 9901 | €35,075 | €24,428 | -€10,647 | -30.4% |
| Financial income | 75/76B | €133 | €87 | -€46 | -34.5% |
| Recurring financial income | 75 | €133 | €87 | -€46 | -34.5% |
| Financial charges | 65/66B | €1,122 | €1,599 | +€477 | +42.5% |
| Recurring financial charges | 65 | €1,122 | €1,599 | +€477 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €34,086 | €22,916 | -€11,170 | -32.8% |
| Income taxes | 67/77 | €11,538 | €7,614 | -€3,924 | -34.0% |
| Profit (loss) for the period | 9904 | €22,548 | €15,302 | -€7,247 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,548 | €15,302 | -€7,247 | -32.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.