GARI HARI: 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 HARI
Largest movements
- Receivables within one year -€28,422
down €28,422 (-89.5%), from €31,770 to €3,349
of which Trade receivables: -€28,422
- Cash +€16,535
up €16,535 (+39.0%), from €42,429 to €58,965
mainly Receivables within one year (+€28,422) and Depreciation (+€8,746)
- Tangible fixed assets -€8,746
down €8,746 (-2.8%), from €312,011 to €303,265
of which Land and buildings: -€8,196
- Debts after one year -€19,362
down €19,362 (-8.2%), from €236,045 to €216,684
- Trade debts -€6,810
down €6,810 (-20.6%), from €33,010 to €26,201
- Reserves +€4,122
up €4,122 (+20.7%), from €19,938 to €24,061
of which Distributable reserves: +€4,122
- Gross operating margin -€21,829
down €21,829 (-16.8%), from €129,618 to €107,789
- Taxes -€5,778
down €5,778 (-71.5%), from €8,075 to €2,298
- Staff costs -€1,645
down €1,645 (-2.1%), from €79,589 to €77,944
- Other operating charges -€1,613
down €1,613 (-29.2%), from €5,531 to €3,918
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.
Derived cash bridge
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 | €396,445 | €377,157 | -€19,287 | -4.9% |
| Fixed assets | 21/28 | €319,511 | €310,765 | -€8,746 | -2.7% |
| Tangible fixed assets | 22/27 | €312,011 | €303,265 | -€8,746 | -2.8% |
| Land and buildings | 22 | €311,462 | €303,265 | -€8,196 | -2.6% |
| Furniture and vehicles | 24 | €550 | €0 | -€550 | -100% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €76,933 | €66,392 | -€10,541 | -13.7% |
| Stocks and contracts in progress | 3 | €1,269 | €4,079 | +€2,810 | +222% |
| Stocks | 30/36 | €1,269 | €4,079 | +€2,810 | +222% |
| Amounts receivable within one year | 40/41 | €31,770 | €3,349 | -€28,422 | -89.5% |
| Trade receivables | 40 | €28,422 | €0 | -€28,422 | -100% |
| Other amounts receivable | 41 | €3,349 | €3,349 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,429 | €58,965 | +€16,535 | +39.0% |
| Deferred charges and accrued income | 490/1 | €1,465 | €0 | -€1,465 | -100% |
| Total equity and liabilities | 10/49 | €396,445 | €377,157 | -€19,287 | -4.9% |
| Equity | 10/15 | €38,538 | €42,661 | +€4,122 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,938 | €24,061 | +€4,122 | +20.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,078 | €22,201 | +€4,122 | +22.8% |
| Amounts payable | 17/49 | €357,906 | €334,497 | -€23,410 | -6.5% |
| Amounts payable after more than one year | 17 | €236,045 | €216,684 | -€19,362 | -8.2% |
| Financial debts | 170/4 | €236,045 | €216,684 | -€19,362 | -8.2% |
| Amounts payable within one year | 42/48 | €121,861 | €117,813 | -€4,048 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €20,468 | €20,955 | +€486 | +2.4% |
| Trade debts | 44 | €33,010 | €26,201 | -€6,810 | -20.6% |
| Suppliers | 440/4 | €33,010 | €26,201 | -€6,810 | -20.6% |
| Taxes, remuneration and social security | 45 | €30,968 | €34,521 | +€3,553 | +11.5% |
| Taxes | 450/3 | €22,786 | €13,269 | -€9,518 | -41.8% |
| Remuneration and social security | 454/9 | €8,182 | €21,252 | +€13,071 | +160% |
| Other amounts payable | 47/48 | €37,414 | €36,137 | -€1,278 | -3.4% |
| Remuneration, social security and pensions | 62 | €79,589 | €77,944 | -€1,645 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,021 | €8,746 | -€275 | -3.0% |
| Other operating charges | 640/8 | €5,531 | €3,918 | -€1,613 | -29.2% |
| Gross operating margin | 9900 | €129,618 | €107,789 | -€21,829 | -16.8% |
| Operating profit (loss) | 9901 | €35,477 | €17,181 | -€18,297 | -51.6% |
| Financial income | 75/76B | €49 | €0 | -€49 | -99.8% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -99.8% |
| Financial charges | 65/66B | €10,047 | €10,760 | +€713 | +7.1% |
| Recurring financial charges | 65 | €10,047 | €10,760 | +€713 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €25,479 | €6,420 | -€19,059 | -74.8% |
| Income taxes | 67/77 | €8,075 | €2,298 | -€5,778 | -71.5% |
| Profit (loss) for the period | 9904 | €17,403 | €4,122 | -€13,281 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,403 | €4,122 | -€13,281 | -76.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.