GARDIPOORT: what changed
GARDIPOORT
Largest movements
- Receivables within one year -€48,595
down €48,595 (-31.8%), from €153,010 to €104,415
- Cash +€18,089
up €18,089 (+1,220%), from €1,483 to €19,572
mainly Receivables within one year (+€48,595) and Net result for the year (+€13,702)
- Tangible fixed assets +€13,055
up €13,055 (+52.8%), from €24,739 to €37,794
of which Furniture and vehicles: +€14,706
- Financial fixed assets +€12,085
up €12,085 (+131%), from €9,200 to €21,285
- Profit (loss) carried forward +€13,702
up €13,702 (+41.7%), from €32,897 to €46,599
- Tax, wage and social debts -€9,831
down €9,831 (-62.6%), from €15,695 to €5,864
- Other debts -€4,987
down €4,987 (-67.2%), from €7,424 to €2,437
- Trade debts -€4,139
down €4,139 (-3.6%), from €114,856 to €110,717
- Gross operating margin +€13,054
up €13,054 (+52.2%), from €25,026 to €38,080
- Other operating charges +€9,655
up €9,655 (+332%), from €2,910 to €12,565
- Taxes +€4,454
new in 2025: €4,454
- Depreciation +€2,835
up €2,835 (+67.8%), from €4,180 to €7,015
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 | €191,332 | €186,077 | -€5,255 | -2.7% |
| Fixed assets | 21/28 | €33,939 | €59,079 | +€25,140 | +74.1% |
| Tangible fixed assets | 22/27 | €24,739 | €37,794 | +€13,055 | +52.8% |
| Plant, machinery and equipment | 23 | €6,982 | €5,331 | -€1,651 | -23.6% |
| Furniture and vehicles | 24 | €17,757 | €32,463 | +€14,706 | +82.8% |
| Financial fixed assets | 28 | €9,200 | €21,285 | +€12,085 | +131% |
| Current assets | 29/58 | €157,393 | €126,998 | -€30,395 | -19.3% |
| Amounts receivable within one year | 40/41 | €153,010 | €104,415 | -€48,595 | -31.8% |
| Trade receivables | 40 | €153,010 | €104,415 | -€48,595 | -31.8% |
| Cash at bank and in hand | 54/58 | €1,483 | €19,572 | +€18,089 | +1,220% |
| Deferred charges and accrued income | 490/1 | €2,900 | €3,011 | +€111 | +3.8% |
| Total equity and liabilities | 10/49 | €191,332 | €186,077 | -€5,255 | -2.7% |
| Equity | 10/15 | €53,357 | €67,059 | +€13,702 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,897 | €46,599 | +€13,702 | +41.7% |
| Amounts payable | 17/49 | €137,975 | €119,018 | -€18,957 | -13.7% |
| Amounts payable within one year | 42/48 | €137,975 | €119,018 | -€18,957 | -13.7% |
| Trade debts | 44 | €114,856 | €110,717 | -€4,139 | -3.6% |
| Suppliers | 440/4 | €114,856 | €110,717 | -€4,139 | -3.6% |
| Taxes, remuneration and social security | 45 | €15,695 | €5,864 | -€9,831 | -62.6% |
| Taxes | 450/3 | €15,695 | €5,864 | -€9,831 | -62.6% |
| Other amounts payable | 47/48 | €7,424 | €2,437 | -€4,987 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,180 | €7,015 | +€2,835 | +67.8% |
| Other operating charges | 640/8 | €2,910 | €12,565 | +€9,655 | +332% |
| Gross operating margin | 9900 | €25,026 | €38,080 | +€13,054 | +52.2% |
| Operating profit (loss) | 9901 | €17,936 | €18,500 | +€564 | +3.1% |
| Financial charges | 65/66B | €10 | €344 | +€334 | +3,340% |
| Recurring financial charges | 65 | €10 | €344 | +€334 | +3,340% |
| Profit (loss) for the period before taxes | 9903 | €17,926 | €18,156 | +€230 | +1.3% |
| Income taxes | 67/77 | - | €4,454 | +€4,454 | |
| Profit (loss) for the period | 9904 | €17,926 | €13,702 | -€4,224 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,926 | €13,702 | -€4,224 | -23.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.