GARCIN: 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.
GARCIN
Largest movements
- Cash +€8,765
up €8,765 (+41.5%), from €21,128 to €29,893
mainly Other debts (+€37,206) and Net result for the year (+€9,663)
- Tangible fixed assets +€3,918
up €3,918 (+16.2%), from €24,215 to €28,133
of which Furniture and vehicles: +€14,652
- Intangible fixed assets -€2,571
down €2,571 (-8.2%), from €31,500 to €28,929
- Other debts +€37,206
new in 2022: €37,206
- Debts after one year -€23,250
down €23,250 (-31.7%), from €73,250 to €50,000
- Contributions -€12,000
down €12,000 (-19.4%), from €62,000 to €50,000
- Investment grants -€11,000
no longer reported in 2022 (was €11,000)
- Profit (loss) carried forward +€9,663
up €9,663 (+15.2%), from -€63,751 to -€54,089
- Purchases and services -€80,176
no longer reported in 2022 (was €80,176)
- Gross operating margin +€62,257
up €62,257, from -€35,980 to €26,277
- Depreciation -€13,019
down €13,019 (-62.4%), from €20,871 to €7,852
- Financial charges +€1,531
new in 2022: €1,531
- Other operating charges +€770
up €770 (+83.3%), from €924 to €1,694
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,499 | €92,309 | +€9,810 | +11.9% |
| Fixed assets | 21/28 | €55,715 | €57,061 | +€1,346 | +2.4% |
| Intangible fixed assets | 21 | €31,500 | €28,929 | -€2,571 | -8.2% |
| Tangible fixed assets | 22/27 | €24,215 | €28,133 | +€3,918 | +16.2% |
| Plant, machinery and equipment | 23 | €19,288 | - | -€19,288 | |
| Furniture and vehicles | 24 | €4,927 | €19,579 | +€14,652 | +297.4% |
| Other tangible fixed assets | 26 | - | €8,554 | +€8,554 | |
| Current assets | 29/58 | €26,784 | €35,248 | +€8,464 | +31.6% |
| Stocks and contracts in progress | 3 | €5,655 | €5,355 | -€300 | -5.3% |
| Stocks | 30/36 | €5,655 | €5,355 | -€300 | -5.3% |
| Cash at bank and in hand | 54/58 | €21,128 | €29,893 | +€8,765 | +41.5% |
| Deferred charges and accrued income | 490/1 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €82,499 | €92,309 | +€9,810 | +11.9% |
| Equity | 10/15 | €9,249 | -€4,089 | -€13,338 | |
| Contributions | 10/11 | €62,000 | €50,000 | -€12,000 | -19.4% |
| Profit (loss) carried forward | 14 | -€63,751 | -€54,089 | +€9,663 | +15.2% |
| Investment grants | 15 | €11,000 | - | -€11,000 | |
| Amounts payable | 17/49 | €73,250 | €96,397 | +€23,147 | +31.6% |
| Amounts payable after more than one year | 17 | €73,250 | €50,000 | -€23,250 | -31.7% |
| Financial debts | 170/4 | €73,250 | €50,000 | -€23,250 | -31.7% |
| Amounts payable within one year | 42/48 | - | €46,397 | +€46,397 | |
| Trade debts | 44 | - | €1,737 | +€1,737 | |
| Suppliers | 440/4 | - | €1,737 | +€1,737 | |
| Taxes, remuneration and social security | 45 | - | €7,455 | +€7,455 | |
| Taxes | 450/3 | - | €7,390 | +€7,390 | |
| Remuneration and social security | 454/9 | - | €65 | +€65 | |
| Other amounts payable | 47/48 | - | €37,206 | +€37,206 | |
| Goods, raw materials, services and sundry goods | 60/61 | €80,176 | - | -€80,176 | |
| Remuneration, social security and pensions | 62 | €5,976 | €5,537 | -€439 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,871 | €7,852 | -€13,019 | -62.4% |
| Other operating charges | 640/8 | €924 | €1,694 | +€770 | +83.3% |
| Gross operating margin | 9900 | -€35,980 | €26,277 | +€62,257 | |
| Operating profit (loss) | 9901 | -€63,751 | €11,194 | +€74,945 | |
| Financial charges | 65/66B | - | €1,531 | +€1,531 | |
| Recurring financial charges | 65 | - | €1,531 | +€1,531 | |
| Profit (loss) for the period before taxes | 9903 | -€63,751 | €9,663 | +€73,414 | |
| Profit (loss) for the period | 9904 | -€63,751 | €9,663 | +€73,414 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,751 | €9,663 | +€73,414 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.