GAREXPRESS: 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.
GAREXPRESS
Largest movements
- Tangible fixed assets -€5,500
down €5,500 (-24.4%), from €22,558 to €17,058
- Receivables within one year +€1,172
up €1,172 (+67.3%), from €1,743 to €2,916
of which Trade receivables: +€1,492
- Cash -€707
down €707 (-18.8%), from €3,764 to €3,057
mainly Other debts (-€3,645) and Net result for the year (-€2,991)
- Other debts -€3,645
down €3,645 (-17.2%), from €21,167 to €17,522
- Profit (loss) carried forward -€2,991
down €2,991 (-76.0%), from -€3,933 to -€6,924
- Trade debts +€1,418
up €1,418 (+38.0%), from €3,731 to €5,148
- Gross operating margin +€12,629
up €12,629, from -€8,819 to €3,810
- Other operating charges -€1,783
down €1,783 (-60.3%), from €2,959 to €1,176
- Depreciation +€558
up €558 (+11.3%), from €4,942 to €5,500
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 | €28,065 | €23,030 | -€5,035 | -17.9% |
| Fixed assets | 21/28 | €22,558 | €17,058 | -€5,500 | -24.4% |
| Tangible fixed assets | 22/27 | €22,558 | €17,058 | -€5,500 | -24.4% |
| Furniture and vehicles | 24 | €22,558 | €17,058 | -€5,500 | -24.4% |
| Current assets | 29/58 | €5,507 | €5,972 | +€465 | +8.4% |
| Amounts receivable within one year | 40/41 | €1,743 | €2,916 | +€1,172 | +67.3% |
| Trade receivables | 40 | €1,424 | €2,916 | +€1,492 | +105% |
| Other amounts receivable | 41 | €319 | - | -€319 | |
| Cash at bank and in hand | 54/58 | €3,764 | €3,057 | -€707 | -18.8% |
| Total equity and liabilities | 10/49 | €28,065 | €23,030 | -€5,035 | -17.9% |
| Equity | 10/15 | €2,267 | -€724 | -€2,991 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,933 | -€6,924 | -€2,991 | -76.0% |
| Amounts payable | 17/49 | €25,798 | €23,754 | -€2,044 | -7.9% |
| Amounts payable within one year | 42/48 | €25,798 | €23,754 | -€2,044 | -7.9% |
| Trade debts | 44 | €3,731 | €5,148 | +€1,418 | +38.0% |
| Suppliers | 440/4 | €3,731 | €5,148 | +€1,418 | +38.0% |
| Taxes, remuneration and social security | 45 | €900 | €1,083 | +€183 | +20.4% |
| Taxes | 450/3 | - | €183 | +€183 | |
| Remuneration and social security | 454/9 | €900 | €900 | = | 0.0% |
| Other amounts payable | 47/48 | €21,167 | €17,522 | -€3,645 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,942 | €5,500 | +€558 | +11.3% |
| Other operating charges | 640/8 | €2,959 | €1,176 | -€1,783 | -60.3% |
| Gross operating margin | 9900 | -€8,819 | €3,810 | +€12,629 | |
| Operating profit (loss) | 9901 | -€16,720 | -€2,866 | +€13,854 | +82.9% |
| Financial charges | 65/66B | €105 | €125 | +€20 | +18.6% |
| Recurring financial charges | 65 | €105 | €125 | +€20 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,825 | -€2,991 | +€13,835 | +82.2% |
| Profit (loss) for the period | 9904 | -€16,825 | -€2,991 | +€13,835 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,825 | -€2,991 | +€13,835 | +82.2% |
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 15 October 2026 via checked.be.