Gardisto: 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.
Gardisto
Largest movements
- Cash +€91,082
up €91,082 (+137%), from €66,512 to €157,594
mainly Net result for the year (+€90,686) and Depreciation (+€21,546)
- Tangible fixed assets -€20,494
down €20,494 (-25.5%), from €80,295 to €59,801
of which Furniture and vehicles: -€11,921
- Receivables within one year +€17,358
up €17,358 (+691%), from €2,512 to €19,870
of which Trade receivables: +€19,137
- Reserves +€90,686
up €90,686 (+89.2%), from €101,641 to €192,327
- Debts after one year -€9,243
down €9,243 (-50.7%), from €18,219 to €8,976
- Tax, wage and social debts +€6,528
up €6,528 (+41.4%), from €15,766 to €22,294
- Gross operating margin -€25,123
down €25,123 (-14.2%), from €176,544 to €151,421
- Taxes -€5,871
down €5,871 (-13.4%), from €43,766 to €37,896
- Depreciation -€5,225
down €5,225 (-19.5%), from €26,771 to €21,546
- Other operating charges -€3,591
down €3,591 (-92.7%), from €3,873 to €281
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 | €151,592 | €239,598 | +€88,005 | +58.1% |
| Fixed assets | 21/28 | €80,295 | €59,801 | -€20,494 | -25.5% |
| Tangible fixed assets | 22/27 | €80,295 | €59,801 | -€20,494 | -25.5% |
| Furniture and vehicles | 24 | €53,072 | €41,151 | -€11,921 | -22.5% |
| Leasing and similar rights | 25 | €27,223 | €18,649 | -€8,574 | -31.5% |
| Current assets | 29/58 | €71,298 | €179,797 | +€108,499 | +152% |
| Amounts receivable within one year | 40/41 | €2,512 | €19,870 | +€17,358 | +691% |
| Trade receivables | 40 | - | €19,137 | +€19,137 | |
| Other amounts receivable | 41 | €2,512 | €733 | -€1,780 | -70.8% |
| Cash at bank and in hand | 54/58 | €66,512 | €157,594 | +€91,082 | +137% |
| Deferred charges and accrued income | 490/1 | €2,273 | €2,333 | +€60 | +2.6% |
| Total equity and liabilities | 10/49 | €151,592 | €239,598 | +€88,005 | +58.1% |
| Equity | 10/15 | €107,641 | €198,327 | +€90,686 | +84.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €101,641 | €192,327 | +€90,686 | +89.2% |
| Distributable reserves | 133 | €101,641 | €192,327 | +€90,686 | +89.2% |
| Amounts payable | 17/49 | €43,952 | €41,270 | -€2,681 | -6.1% |
| Amounts payable after more than one year | 17 | €18,219 | €8,976 | -€9,243 | -50.7% |
| Financial debts | 170/4 | €18,219 | €8,976 | -€9,243 | -50.7% |
| Amounts payable within one year | 42/48 | €25,732 | €32,294 | +€6,562 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €9,243 | €9,243 | = | 0.0% |
| Trade debts | 44 | €723 | €756 | +€34 | +4.7% |
| Suppliers | 440/4 | €723 | €756 | +€34 | +4.7% |
| Taxes, remuneration and social security | 45 | €15,766 | €22,294 | +€6,528 | +41.4% |
| Taxes | 450/3 | €15,766 | €22,294 | +€6,528 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,771 | €21,546 | -€5,225 | -19.5% |
| Other operating charges | 640/8 | €3,873 | €281 | -€3,591 | -92.7% |
| Gross operating margin | 9900 | €176,544 | €151,421 | -€25,123 | -14.2% |
| Operating profit (loss) | 9901 | €145,901 | €129,594 | -€16,306 | -11.2% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €493 | €1,044 | +€550 | +112% |
| Recurring financial charges | 65 | €493 | €1,044 | +€550 | +112% |
| Profit (loss) for the period before taxes | 9903 | €145,407 | €128,582 | -€16,825 | -11.6% |
| Income taxes | 67/77 | €43,766 | €37,896 | -€5,871 | -13.4% |
| Profit (loss) for the period | 9904 | €101,641 | €90,686 | -€10,954 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,641 | €90,686 | -€10,954 | -10.8% |
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.