GAREWIN Arlon: 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.
GAREWIN Arlon
Largest movements
- Tangible fixed assets -€101,974
down €101,974 (-18.0%), from €567,868 to €465,895
of which Land and buildings: -€101,606
- Cash +€9,683
up €9,683 (+14.6%), from €66,504 to €76,187
mainly Depreciation (+€101,974) and Current portion of long-term debt (+€752)
- Profit (loss) carried forward -€52,177
down €52,177 (-12.3%), from -€424,564 to -€476,741
- Debts after one year -€37,700
down €37,700 (-4.0%), from €940,692 to €902,992
of which Financial debts: -€37,700
- Gross operating margin +€1,630
up €1,630 (+2.9%), from €55,432 to €57,061
- Financial charges -€801
down €801 (-24.6%), from €3,252 to €2,451
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 | €637,636 | €547,998 | -€89,638 | -14.1% |
| Fixed assets | 21/28 | €567,868 | €465,895 | -€101,974 | -18.0% |
| Tangible fixed assets | 22/27 | €567,868 | €465,895 | -€101,974 | -18.0% |
| Land and buildings | 22 | €566,136 | €464,530 | -€101,606 | -17.9% |
| Furniture and vehicles | 24 | €1,732 | €1,365 | -€368 | -21.2% |
| Current assets | 29/58 | €69,768 | €82,103 | +€12,335 | +17.7% |
| Amounts receivable within one year | 40/41 | €1,982 | €4,601 | +€2,619 | +132% |
| Trade receivables | 40 | €1,982 | €4,554 | +€2,571 | +130% |
| Other amounts receivable | 41 | - | €48 | +€48 | |
| Cash at bank and in hand | 54/58 | €66,504 | €76,187 | +€9,683 | +14.6% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,315 | +€34 | +2.6% |
| Total equity and liabilities | 10/49 | €637,636 | €547,998 | -€89,638 | -14.1% |
| Equity | 10/15 | -€374,564 | -€426,741 | -€52,177 | -13.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€424,564 | -€476,741 | -€52,177 | -12.3% |
| Amounts payable | 17/49 | €1,012,200 | €974,738 | -€37,461 | -3.7% |
| Amounts payable after more than one year | 17 | €940,692 | €902,992 | -€37,700 | -4.0% |
| Financial debts | 170/4 | €95,692 | €57,992 | -€37,700 | -39.4% |
| Other amounts payable | 178/9 | €845,000 | €845,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,466 | €71,704 | +€238 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €36,948 | €37,700 | +€752 | +2.0% |
| Trade debts | 44 | €21,442 | €21,526 | +€84 | +0.4% |
| Suppliers | 440/4 | €21,442 | €21,526 | +€84 | +0.4% |
| Taxes, remuneration and social security | 45 | €782 | €929 | +€147 | +18.8% |
| Taxes | 450/3 | €782 | €929 | +€147 | +18.8% |
| Other amounts payable | 47/48 | €12,294 | €11,549 | -€745 | -6.1% |
| Accrued charges and deferred income | 492/3 | €41 | €41 | +€0 | +0.1% |
| Non-recurring operating income | 76A | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,473 | €101,974 | -€499 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €91 | -€318 | -€409 | |
| Other operating charges | 640/8 | €5,055 | €5,291 | +€236 | +4.7% |
| Gross operating margin | 9900 | €55,432 | €57,061 | +€1,630 | +2.9% |
| Operating profit (loss) | 9901 | -€52,186 | -€49,885 | +€2,301 | +4.4% |
| Financial income | 75/76B | - | €158 | +€158 | |
| Recurring financial income | 75 | - | €158 | +€158 | |
| Financial charges | 65/66B | €3,252 | €2,451 | -€801 | -24.6% |
| Recurring financial charges | 65 | €3,252 | €2,451 | -€801 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€55,438 | -€52,177 | +€3,261 | +5.9% |
| Profit (loss) for the period | 9904 | -€55,438 | -€52,177 | +€3,261 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,438 | -€52,177 | +€3,261 | +5.9% |
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 27 October 2026 via checked.be.