GARIFUNA: 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.
GARIFUNA
Largest movements
- Cash +€255,117
up €255,117 (+33206.7%), from €768 to €255,885
mainly Trade debts (+€344,570) and Net result for the year (+€41,083)
- Receivables within one year +€157,597
up €157,597 (+34.4%), from €458,204 to €615,801
of which Trade receivables: +€149,532
- Tangible fixed assets -€19,543
down €19,543 (-19.6%), from €99,794 to €80,251
of which Land and buildings: -€14,540
- Deferred charges and accrued income -€18,099
down €18,099 (-62.5%), from €28,966 to €10,868
- Trade debts +€344,570
up €344,570 (+116.2%), from €296,616 to €641,186
- Reserves +€41,000
up €41,000 (+16.8%), from €244,202 to €285,202
of which Distributable reserves: +€41,000
- Tax, wage and social debts +€23,293
up €23,293 (+344.5%), from €6,762 to €30,055
of which Remuneration and social security: +€19,193
- Advances received -€11,478
down €11,478 (-39.3%), from €29,209 to €17,731
- Gross operating margin +€44,218
up €44,218 (+17.6%), from €251,068 to €295,285
- Staff costs +€18,107
up €18,107 (+9.6%), from €188,874 to €206,981
- Taxes +€15,452
up €15,452, from -€2,032 to €13,420
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 | €591,898 | €968,493 | +€376,594 | +63.6% |
| Fixed assets | 21/28 | €103,960 | €85,938 | -€18,021 | -17.3% |
| Intangible fixed assets | 21 | - | €1,436 | +€1,436 | |
| Tangible fixed assets | 22/27 | €99,794 | €80,251 | -€19,543 | -19.6% |
| Land and buildings | 22 | €75,177 | €60,638 | -€14,540 | -19.3% |
| Plant, machinery and equipment | 23 | €5,241 | €4,130 | -€1,111 | -21.2% |
| Furniture and vehicles | 24 | €19,375 | €15,483 | -€3,892 | -20.1% |
| Financial fixed assets | 28 | €4,166 | €4,251 | +€85 | +2.0% |
| Current assets | 29/58 | €487,939 | €882,554 | +€394,615 | +80.9% |
| Amounts receivable within one year | 40/41 | €458,204 | €615,801 | +€157,597 | +34.4% |
| Trade receivables | 40 | €448,390 | €597,922 | +€149,532 | +33.3% |
| Other amounts receivable | 41 | €9,814 | €17,879 | +€8,065 | +82.2% |
| Cash at bank and in hand | 54/58 | €768 | €255,885 | +€255,117 | +33206.7% |
| Deferred charges and accrued income | 490/1 | €28,966 | €10,868 | -€18,099 | -62.5% |
| Total equity and liabilities | 10/49 | €591,898 | €968,493 | +€376,594 | +63.6% |
| Equity | 10/15 | €157,392 | €198,475 | +€41,083 | +26.1% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €244,202 | €285,202 | +€41,000 | +16.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €225,452 | €266,452 | +€41,000 | +18.2% |
| Profit (loss) carried forward | 14 | -€103,010 | -€102,927 | +€83 | +0.1% |
| Amounts payable | 17/49 | €434,506 | €770,018 | +€335,511 | +77.2% |
| Amounts payable after more than one year | 17 | €40,159 | €32,345 | -€7,813 | -19.5% |
| Financial debts | 170/4 | €40,159 | €32,345 | -€7,813 | -19.5% |
| Amounts payable within one year | 42/48 | €394,348 | €737,672 | +€343,325 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €14,301 | €7,813 | -€6,488 | -45.4% |
| Financial debts | 43 | €7,833 | €1,276 | -€6,557 | -83.7% |
| Credit institutions | 430/8 | €7,833 | €1,276 | -€6,557 | -83.7% |
| Trade debts | 44 | €296,616 | €641,186 | +€344,570 | +116.2% |
| Suppliers | 440/4 | €296,616 | €641,186 | +€344,570 | +116.2% |
| Advances received on contracts in progress | 46 | €29,209 | €17,731 | -€11,478 | -39.3% |
| Taxes, remuneration and social security | 45 | €6,762 | €30,055 | +€23,293 | +344.5% |
| Taxes | 450/3 | - | €4,100 | +€4,100 | |
| Remuneration and social security | 454/9 | €6,762 | €25,955 | +€19,193 | +283.8% |
| Other amounts payable | 47/48 | €39,627 | €39,612 | -€16 | 0.0% |
| Remuneration, social security and pensions | 62 | €188,874 | €206,981 | +€18,107 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,446 | €23,443 | -€3 | 0.0% |
| Other operating charges | 640/8 | €6,200 | €4,875 | -€1,325 | -21.4% |
| Gross operating margin | 9900 | €251,068 | €295,285 | +€44,218 | +17.6% |
| Operating profit (loss) | 9901 | €32,547 | €59,986 | +€27,439 | +84.3% |
| Financial income | 75/76B | €3 | €22 | +€19 | +754.1% |
| Recurring financial income | 75 | €3 | €22 | +€19 | +754.1% |
| Financial charges | 65/66B | €3,705 | €5,505 | +€1,800 | +48.6% |
| Recurring financial charges | 65 | €3,705 | €5,505 | +€1,800 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €28,845 | €54,503 | +€25,658 | +89.0% |
| Income taxes | 67/77 | -€2,032 | €13,420 | +€15,452 | |
| Profit (loss) for the period | 9904 | €30,877 | €41,083 | +€10,206 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,877 | €41,083 | +€10,206 | +33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.