GARI-ECO: 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.
GARI-ECO
Largest movements
- Receivables within one year +€20,559
up €20,559 (+119%), from €17,267 to €37,827
of which Trade receivables: +€20,242
- Cash -€4,397
down €4,397 (-86.3%), from €5,098 to €701
mainly Receivables within one year (-€20,559) and Other debts (-€17,223)
- Tangible fixed assets -€3,744
down €3,744 (-52.4%), from €7,141 to €3,397
of which Plant, machinery and equipment: -€2,565
- Profit (loss) carried forward +€28,674
up €28,674 (+70.9%), from -€40,442 to -€11,768
- Other debts -€17,223
down €17,223 (-30.1%), from €57,313 to €40,090
- Tax, wage and social debts +€911
up €911 (+41.1%), from €2,216 to €3,127
of which Taxes: +€1,540
- Other operating charges -€30,638
down €30,638 (-98.7%), from €31,037 to €400
- Gross operating margin +€21,349
up €21,349 (+173%), from €12,372 to €33,721
- Turnover +€19,036
up €19,036 (+117%), from €16,250 to €35,286
- Staff costs -€7,717
no longer reported in 2025 (was €7,717)
- Purchases and services -€2,349
down €2,349 (-60.0%), from €3,914 to €1,565
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 | €29,506 | €41,924 | +€12,418 | +42.1% |
| Fixed assets | 21/28 | €7,141 | €3,397 | -€3,744 | -52.4% |
| Tangible fixed assets | 22/27 | €7,141 | €3,397 | -€3,744 | -52.4% |
| Plant, machinery and equipment | 23 | €5,387 | €2,822 | -€2,565 | -47.6% |
| Furniture and vehicles | 24 | €1,754 | €575 | -€1,179 | -67.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €22,365 | €38,528 | +€16,163 | +72.3% |
| Amounts receivable within one year | 40/41 | €17,267 | €37,827 | +€20,559 | +119% |
| Trade receivables | 40 | €17,267 | €37,509 | +€20,242 | +117% |
| Other amounts receivable | 41 | €0 | €318 | +€318 | |
| Cash at bank and in hand | 54/58 | €5,098 | €701 | -€4,397 | -86.3% |
| Total equity and liabilities | 10/49 | €29,506 | €41,924 | +€12,418 | +42.1% |
| Equity | 10/15 | -€30,442 | -€1,768 | +€28,674 | +94.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,442 | -€11,768 | +€28,674 | +70.9% |
| Amounts payable | 17/49 | €59,949 | €43,693 | -€16,256 | -27.1% |
| Amounts payable within one year | 42/48 | €59,529 | €43,258 | -€16,271 | -27.3% |
| Trade debts | 44 | €0 | €41 | +€41 | |
| Suppliers | 440/4 | €0 | €41 | +€41 | |
| Taxes, remuneration and social security | 45 | €2,216 | €3,127 | +€911 | +41.1% |
| Taxes | 450/3 | €675 | €2,215 | +€1,540 | +228% |
| Remuneration and social security | 454/9 | €1,541 | €912 | -€629 | -40.8% |
| Other amounts payable | 47/48 | €57,313 | €40,090 | -€17,223 | -30.1% |
| Accrued charges and deferred income | 492/3 | €420 | €435 | +€15 | +3.7% |
| Turnover | 70 | €16,250 | €35,286 | +€19,036 | +117% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,914 | €1,565 | -€2,349 | -60.0% |
| Remuneration, social security and pensions | 62 | €7,717 | - | -€7,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,760 | €3,744 | -€15 | -0.4% |
| Other operating charges | 640/8 | €31,037 | €400 | -€30,638 | -98.7% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €12,372 | €33,721 | +€21,349 | +173% |
| Operating profit (loss) | 9901 | -€30,141 | €29,577 | +€59,718 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €845 | €903 | +€58 | +6.8% |
| Recurring financial charges | 65 | €845 | €903 | +€58 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,986 | €28,674 | +€59,660 | |
| Profit (loss) for the period | 9904 | -€30,986 | €28,674 | +€59,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,986 | €28,674 | +€59,660 |
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 25 October 2026 via checked.be.