GARFER: what changed
Two fiscal 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.
GARFER
Largest movements
- Tangible fixed assets -€6,316
down €6,316 (-74.9%), from €8,429 to €2,113
- Receivables within one year -€2,977
down €2,977 (-52.8%), from €5,640 to €2,663
- Cash -€2,598
down €2,598 (-97.7%), from €2,658 to €60
mainly Net result for the year (-€8,513) and Debts after one year (-€3,529)
- Profit (loss) carried forward -€8,513
down €8,513 (-96.2%), from -€8,848 to -€17,361
- Debts after one year -€3,529
down €3,529 (-40.3%), from €8,750 to €5,221
- Trade debts +€2,800
new in 2024: €2,800
- Other debts -€2,775
down €2,775 (-62.7%), from €4,423 to €1,648
- Purchases and services -€39,128
down €39,128 (-36.0%), from €108,608 to €69,481
- Turnover -€36,376
down €36,376 (-34.6%), from €105,196 to €68,820
- Gross operating margin +€2,751
up €2,751 (+80.6%), from -€3,412 to -€661
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,877 | €4,986 | -€11,891 | -70.5% |
| Fixed assets | 21/28 | €8,579 | €2,263 | -€6,316 | -73.6% |
| Tangible fixed assets | 22/27 | €8,429 | €2,113 | -€6,316 | -74.9% |
| Furniture and vehicles | 24 | €8,429 | €2,113 | -€6,316 | -74.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €8,298 | €2,723 | -€5,576 | -67.2% |
| Amounts receivable within one year | 40/41 | €5,640 | €2,663 | -€2,977 | -52.8% |
| Other amounts receivable | 41 | €5,640 | €2,663 | -€2,977 | -52.8% |
| Cash at bank and in hand | 54/58 | €2,658 | €60 | -€2,598 | -97.7% |
| Total equity and liabilities | 10/49 | €16,877 | €4,986 | -€11,891 | -70.5% |
| Equity | 10/15 | -€134 | -€8,646 | -€8,513 | -6375.5% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €515 | €515 | = | 0.0% |
| Non-distributable reserves | 130/1 | €515 | €515 | = | 0.0% |
| Reserves not available under the articles | 1311 | €515 | €515 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,848 | -€17,361 | -€8,513 | -96.2% |
| Amounts payable | 17/49 | €17,011 | €13,632 | -€3,379 | -19.9% |
| Amounts payable after more than one year | 17 | €8,750 | €5,221 | -€3,529 | -40.3% |
| Financial debts | 170/4 | €8,750 | €5,221 | -€3,529 | -40.3% |
| Amounts payable within one year | 42/48 | €8,261 | €8,411 | +€150 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €3,838 | €3,963 | +€125 | +3.2% |
| Trade debts | 44 | - | €2,800 | +€2,800 | |
| Suppliers | 440/4 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €4,423 | €1,648 | -€2,775 | -62.7% |
| Turnover | 70 | €105,196 | €68,820 | -€36,376 | -34.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €108,608 | €69,481 | -€39,128 | -36.0% |
| Remuneration, social security and pensions | 62 | €349 | - | -€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,316 | €6,316 | = | 0.0% |
| Other operating charges | 640/8 | €597 | €788 | +€190 | +31.9% |
| Gross operating margin | 9900 | -€3,412 | -€661 | +€2,751 | +80.6% |
| Operating profit (loss) | 9901 | -€10,675 | -€7,764 | +€2,910 | +27.3% |
| Financial charges | 65/66B | €800 | €748 | -€52 | -6.5% |
| Recurring financial charges | 65 | €800 | €748 | -€52 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,474 | -€8,513 | +€2,962 | +25.8% |
| Income taxes | 67/77 | €69 | - | -€69 | |
| Profit (loss) for the period | 9904 | -€11,543 | -€8,513 | +€3,031 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,543 | -€8,513 | +€3,031 | +26.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.