Garibaldi & Co: 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.
Garibaldi & Co
Largest movements
- Cash +€42,993
up €42,993 (+8.1%), from €528,017 to €571,010
mainly Net result for the year (+€53,022) and Stocks and contracts (+€34,853)
- Stocks and contracts -€34,853
down €34,853 (-6.3%), from €551,208 to €516,355
- Financial fixed assets +€12,000
new in 2025: €12,000
- Reserves +€52,000
up €52,000 (+8.2%), from €637,845 to €689,845
of which Distributable reserves: +€52,000
- Trade debts -€31,216
down €31,216 (-70.6%), from €44,215 to €12,999
- Gross operating margin -€197,639
down €197,639 (-67.0%), from €294,869 to €97,230
- Taxes -€60,553
down €60,553 (-71.1%), from €85,125 to €24,571
- Depreciation -€5,884
down €5,884 (-29.2%), from €20,118 to €14,234
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.
Cash bridge derived
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 | €1,154,463 | €1,178,097 | +€23,634 | +2.0% |
| Fixed assets | 21/28 | €47,628 | €59,788 | +€12,160 | +25.5% |
| Intangible fixed assets | 21 | €902 | €64 | -€838 | -92.9% |
| Tangible fixed assets | 22/27 | €46,725 | €47,723 | +€998 | +2.1% |
| Plant, machinery and equipment | 23 | €43,592 | €37,720 | -€5,872 | -13.5% |
| Furniture and vehicles | 24 | €3,134 | €10,004 | +€6,870 | +219.2% |
| Financial fixed assets | 28 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €1,106,835 | €1,118,309 | +€11,474 | +1.0% |
| Stocks and contracts in progress | 3 | €551,208 | €516,355 | -€34,853 | -6.3% |
| Stocks | 30/36 | €551,208 | €516,355 | -€34,853 | -6.3% |
| Amounts receivable within one year | 40/41 | €23,065 | €25,788 | +€2,722 | +11.8% |
| Other amounts receivable | 41 | €23,065 | €25,788 | +€2,722 | +11.8% |
| Cash at bank and in hand | 54/58 | €528,017 | €571,010 | +€42,993 | +8.1% |
| Deferred charges and accrued income | 490/1 | €4,544 | €5,156 | +€612 | +13.5% |
| Total equity and liabilities | 10/49 | €1,154,463 | €1,178,097 | +€23,634 | +2.0% |
| Equity | 10/15 | €1,108,326 | €1,161,348 | +€53,022 | +4.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €637,845 | €689,845 | +€52,000 | +8.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €631,645 | €683,645 | +€52,000 | +8.2% |
| Profit (loss) carried forward | 14 | €408,481 | €409,503 | +€1,022 | +0.3% |
| Amounts payable | 17/49 | €46,137 | €16,749 | -€29,388 | -63.7% |
| Amounts payable within one year | 42/48 | €46,137 | €16,749 | -€29,388 | -63.7% |
| Trade debts | 44 | €44,215 | €12,999 | -€31,216 | -70.6% |
| Suppliers | 440/4 | €44,215 | €12,999 | -€31,216 | -70.6% |
| Taxes, remuneration and social security | 45 | €1,774 | €3,591 | +€1,816 | +102.4% |
| Taxes | 450/3 | €1,378 | - | -€1,378 | |
| Remuneration and social security | 454/9 | €396 | €3,591 | +€3,195 | +806.8% |
| Other amounts payable | 47/48 | €147 | €159 | +€12 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,118 | €14,234 | -€5,884 | -29.2% |
| Other operating charges | 640/8 | €4,842 | €3,386 | -€1,456 | -30.1% |
| Gross operating margin | 9900 | €294,869 | €97,230 | -€197,639 | -67.0% |
| Operating profit (loss) | 9901 | €269,910 | €79,610 | -€190,300 | -70.5% |
| Financial income | 75/76B | €366 | - | -€366 | |
| Recurring financial income | 75 | €366 | - | -€366 | |
| Financial charges | 65/66B | €4,826 | €2,017 | -€2,809 | -58.2% |
| Recurring financial charges | 65 | €4,826 | €2,017 | -€2,809 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €265,450 | €77,593 | -€187,857 | -70.8% |
| Income taxes | 67/77 | €85,125 | €24,571 | -€60,553 | -71.1% |
| Profit (loss) for the period | 9904 | €180,325 | €53,022 | -€127,304 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €180,325 | €53,022 | -€127,304 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.