Gardec Equipment: what changed
Two financial 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.
Gardec Equipment
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+30,325%), from €4,256 to €1.3m
of which Other amounts receivable: +€1.3m
- Tangible fixed assets -€151,146
down €151,146 (-54.2%), from €278,618 to €127,472
of which Land and buildings: -€145,091
- Cash +€95,829
up €95,829 (+1,516%), from €6,320 to €102,149
mainly Net result for the year (+€973,500) and Provisions (+€310,477)
- Reserves +€973,500
up €973,500 (+575%), from €169,184 to €1.1m
of which Tax-exempt reserves: +€931,430
- Provisions +€310,477
new in 2025: €310,477
- Debts after one year -€46,740
no longer reported in 2025 (was €46,740)
- Current portion of long-term debt -€16,025
no longer reported in 2025 (was €16,025)
- Gross operating margin +€1.3m
up €1.3m (+2,174%), from €58,162 to €1.3m
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,682 | €1,526,714 | +€1.2m | +416% |
| Fixed assets | 21/28 | €279,788 | €127,792 | -€151,996 | -54.3% |
| Tangible fixed assets | 22/27 | €278,618 | €127,472 | -€151,146 | -54.2% |
| Land and buildings | 22 | €260,264 | €115,173 | -€145,091 | -55.7% |
| Plant, machinery and equipment | 23 | €2,283 | €1,063 | -€1,220 | -53.4% |
| Furniture and vehicles | 24 | €16,071 | €11,236 | -€4,835 | -30.1% |
| Financial fixed assets | 28 | €1,170 | €320 | -€850 | -72.6% |
| Current assets | 29/58 | €15,894 | €1,398,921 | +€1.4m | +8,701% |
| Stocks and contracts in progress | 3 | €2,343 | €267 | -€2,076 | -88.6% |
| Stocks | 30/36 | €2,343 | €267 | -€2,076 | -88.6% |
| Amounts receivable within one year | 40/41 | €4,256 | €1,295,001 | +€1.3m | +30,325% |
| Trade receivables | 40 | €1,080 | €2,396 | +€1,316 | +122% |
| Other amounts receivable | 41 | €3,176 | €1,292,606 | +€1.3m | +40,596% |
| Cash at bank and in hand | 54/58 | €6,320 | €102,149 | +€95,829 | +1,516% |
| Deferred charges and accrued income | 490/1 | €2,975 | €1,503 | -€1,471 | -49.5% |
| Total equity and liabilities | 10/49 | €295,682 | €1,526,714 | +€1.2m | +416% |
| Equity | 10/15 | €209,184 | €1,182,684 | +€973,500 | +465% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €169,184 | €1,142,684 | +€973,500 | +575% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,800 | €1,003,230 | +€931,430 | +1,297% |
| Distributable reserves | 133 | €93,384 | €135,454 | +€42,070 | +45.1% |
| Provisions and deferred taxes | 16 | - | €310,477 | +€310,477 | |
| Deferred taxes | 168 | - | €310,477 | +€310,477 | |
| Amounts payable | 17/49 | €86,499 | €33,553 | -€52,946 | -61.2% |
| Amounts payable after more than one year | 17 | €46,740 | - | -€46,740 | |
| Financial debts | 170/4 | €46,740 | - | -€46,740 | |
| Amounts payable within one year | 42/48 | €37,633 | €33,499 | -€4,134 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €16,025 | - | -€16,025 | |
| Trade debts | 44 | €4,573 | €15,675 | +€11,102 | +243% |
| Suppliers | 440/4 | €4,573 | €15,675 | +€11,102 | +243% |
| Taxes, remuneration and social security | 45 | €8,702 | €17,824 | +€9,122 | +105% |
| Taxes | 450/3 | €8,702 | €17,824 | +€9,122 | +105% |
| Other amounts payable | 47/48 | €8,333 | - | -€8,333 | |
| Accrued charges and deferred income | 492/3 | €2,126 | €54 | -€2,072 | -97.5% |
| Remuneration, social security and pensions | 62 | €390 | - | -€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,171 | €5,319 | -€11,852 | -69.0% |
| Other operating charges | 640/8 | €9,092 | €10,826 | +€1,735 | +19.1% |
| Gross operating margin | 9900 | €58,162 | €1,322,598 | +€1.3m | +2,174% |
| Operating profit (loss) | 9901 | €31,509 | €1,306,453 | +€1.3m | +4,046% |
| Financial income | 75/76B | €440 | €217 | -€224 | -50.8% |
| Recurring financial income | 75 | €440 | €217 | -€224 | -50.8% |
| Financial charges | 65/66B | €4,993 | €5,827 | +€834 | +16.7% |
| Recurring financial charges | 65 | €4,993 | €5,827 | +€834 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €26,957 | €1,300,843 | +€1.3m | +4,726% |
| Transfer to deferred taxes | 680 | - | €310,477 | +€310,477 | |
| Income taxes | 67/77 | €8,688 | €16,866 | +€8,178 | +94.1% |
| Profit (loss) for the period | 9904 | €18,268 | €973,500 | +€955,232 | +5,229% |
| Transfer to tax-exempt reserves | 689 | - | €931,430 | +€931,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,268 | €42,070 | +€23,802 | +130% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.