GARCO: 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.
GARCO
Largest movements
- Tangible fixed assets -€3,038
down €3,038 (-1.6%), from €192,809 to €189,771
- Debts after one year -€9,000
down €9,000 (-4.4%), from €202,401 to €193,401
- Trade debts +€6,228
up €6,228 (+74.4%), from €8,372 to €14,600
- Gross operating margin -€8,796
down €8,796 (-32.5%), from €27,043 to €18,248
- Other operating charges +€5,915
up €5,915 (+70.9%), from €8,347 to €14,262
- Depreciation -€3,038
down €3,038 (-50.0%), from €6,075 to €3,038
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,823 | €190,944 | -€1,879 | -1.0% |
| Fixed assets | 21/28 | €192,809 | €189,771 | -€3,038 | -1.6% |
| Tangible fixed assets | 22/27 | €192,809 | €189,771 | -€3,038 | -1.6% |
| Land and buildings | 22 | €192,809 | €189,771 | -€3,038 | -1.6% |
| Current assets | 29/58 | €14 | €1,173 | +€1,159 | +8342.5% |
| Cash at bank and in hand | 54/58 | €14 | €1,173 | +€1,159 | +8342.5% |
| Total equity and liabilities | 10/49 | €192,823 | €190,944 | -€1,879 | -1.0% |
| Equity | 10/15 | -€25,216 | -€24,324 | +€893 | +3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,586 | €62,586 | = | 0.0% |
| Non-distributable reserves | 130/1 | €407 | €407 | = | 0.0% |
| Legal reserve | 130 | €407 | €407 | = | 0.0% |
| Distributable reserves | 133 | €62,179 | €62,179 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,803 | -€148,910 | +€893 | +0.6% |
| Amounts payable | 17/49 | €218,039 | €215,268 | -€2,772 | -1.3% |
| Amounts payable after more than one year | 17 | €202,401 | €193,401 | -€9,000 | -4.4% |
| Financial debts | 170/4 | €202,401 | €193,401 | -€9,000 | -4.4% |
| Amounts payable within one year | 42/48 | €15,638 | €21,867 | +€6,228 | +39.8% |
| Financial debts | 43 | €2,593 | €2,593 | = | 0.0% |
| Credit institutions | 430/8 | €2,593 | €2,593 | = | 0.0% |
| Trade debts | 44 | €8,372 | €14,600 | +€6,228 | +74.4% |
| Suppliers | 440/4 | €8,372 | €14,600 | +€6,228 | +74.4% |
| Other amounts payable | 47/48 | €4,673 | €4,673 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,075 | €3,038 | -€3,038 | -50.0% |
| Other operating charges | 640/8 | €8,347 | €14,262 | +€5,915 | +70.9% |
| Gross operating margin | 9900 | €27,043 | €18,248 | -€8,796 | -32.5% |
| Operating profit (loss) | 9901 | €12,621 | €948 | -€11,673 | -92.5% |
| Financial charges | 65/66B | €48 | €55 | +€7 | +15.5% |
| Recurring financial charges | 65 | €48 | €55 | +€7 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €12,573 | €893 | -€11,681 | -92.9% |
| Profit (loss) for the period | 9904 | €12,573 | €893 | -€11,681 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,573 | €893 | -€11,681 | -92.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.