GARDIYAN: 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.
GARDIYAN
Largest movements
- Receivables within one year -€58,677
down €58,677 (-82.1%), from €71,506 to €12,829
- Intangible fixed assets +€24,575
new in 2025: €24,575
- Tangible fixed assets +€14,423
new in 2025: €14,423
of which Furniture and vehicles: +€7,733
- Stocks and contracts +€9,110
new in 2025: €9,110
- Cash +€897
up €897 (+16.1%), from €5,568 to €6,465
mainly Receivables within one year (+€58,677) and Trade debts (+€5,723)
- Profit (loss) carried forward -€12,260
down €12,260 (-27.6%), from €44,348 to €32,088
- Trade debts +€5,723
up €5,723 (+716%), from €799 to €6,522
- Tax, wage and social debts -€2,507
down €2,507 (-41.5%), from €6,037 to €3,530
of which Taxes: -€4,727
- Turnover -€69,515
down €69,515 (-81.5%), from €85,265 to €15,750
- Purchases and services -€55,197
down €55,197 (-68.2%), from €80,927 to €25,731
- Gross operating margin -€26,146
down €26,146, from €16,165 to -€9,981
- Staff costs -€16,522
down €16,522 (-93.2%), from €17,728 to €1,206
- Taxes -€2,930
no longer reported in 2025 (was €2,930)
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 | €77,074 | €68,029 | -€9,045 | -11.7% |
| Fixed assets | 21/28 | - | €38,999 | +€38,999 | |
| Intangible fixed assets | 21 | - | €24,575 | +€24,575 | |
| Tangible fixed assets | 22/27 | - | €14,423 | +€14,423 | |
| Plant, machinery and equipment | 23 | - | €6,691 | +€6,691 | |
| Furniture and vehicles | 24 | - | €7,733 | +€7,733 | |
| Current assets | 29/58 | €77,074 | €29,031 | -€48,044 | -62.3% |
| Stocks and contracts in progress | 3 | - | €9,110 | +€9,110 | |
| Stocks | 30/36 | - | €9,110 | +€9,110 | |
| Amounts receivable within one year | 40/41 | €71,506 | €12,829 | -€58,677 | -82.1% |
| Other amounts receivable | 41 | €71,506 | €12,829 | -€58,677 | -82.1% |
| Cash at bank and in hand | 54/58 | €5,568 | €6,465 | +€897 | +16.1% |
| Deferred charges and accrued income | 490/1 | - | €626 | +€626 | |
| Total equity and liabilities | 10/49 | €77,074 | €68,029 | -€9,045 | -11.7% |
| Equity | 10/15 | €70,238 | €57,978 | -€12,260 | -17.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,890 | €20,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,372 | €1,372 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,372 | €1,372 | = | 0.0% |
| Distributable reserves | 133 | €19,518 | €19,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,348 | €32,088 | -€12,260 | -27.6% |
| Amounts payable | 17/49 | €6,836 | €10,052 | +€3,216 | +47.0% |
| Amounts payable within one year | 42/48 | €6,836 | €10,052 | +€3,216 | +47.0% |
| Trade debts | 44 | €799 | €6,522 | +€5,723 | +716% |
| Suppliers | 440/4 | €799 | €6,522 | +€5,723 | +716% |
| Taxes, remuneration and social security | 45 | €6,037 | €3,530 | -€2,507 | -41.5% |
| Taxes | 450/3 | €4,727 | - | -€4,727 | |
| Remuneration and social security | 454/9 | €1,310 | €3,530 | +€2,220 | +170% |
| Turnover | 70 | €85,265 | €15,750 | -€69,515 | -81.5% |
| Non-recurring operating income | 76A | €11,827 | - | -€11,827 | |
| Goods, raw materials, services and sundry goods | 60/61 | €80,927 | €25,731 | -€55,197 | -68.2% |
| Remuneration, social security and pensions | 62 | €17,728 | €1,206 | -€16,522 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €873 | +€873 | |
| Other operating charges | 640/8 | €1,818 | - | -€1,818 | |
| Gross operating margin | 9900 | €16,165 | -€9,981 | -€26,146 | |
| Operating profit (loss) | 9901 | -€3,381 | -€12,059 | -€8,678 | -257% |
| Financial charges | 65/66B | €451 | €201 | -€250 | -55.4% |
| Recurring financial charges | 65 | €451 | €201 | -€250 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,832 | -€12,260 | -€8,429 | -220% |
| Income taxes | 67/77 | €2,930 | - | -€2,930 | |
| Profit (loss) for the period | 9904 | -€6,762 | -€12,260 | -€5,498 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,762 | -€12,260 | -€5,498 | -81.3% |
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 17 October 2026 via checked.be.