GARMAR: 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.
GARMAR
Largest movements
- Tangible fixed assets -€46,186
down €46,186 (-4.5%), from €1.0m to €975,243
of which Land and buildings: -€31,038
- Receivables within one year -€12,365
down €12,365 (-21.1%), from €58,738 to €46,373
of which Trade receivables: -€11,415
- Profit (loss) carried forward -€59,418
down €59,418 (-9.6%), from -€621,997 to -€681,415
- Other operating charges +€12,858
up €12,858 (+107.3%), from €11,987 to €24,845
- Depreciation +€8,658
up €8,658 (+21.0%), from €41,297 to €49,955
- Gross operating margin +€6,880
up €6,880 (+74.9%), from €9,180 to €16,060
- Financial charges -€385
down €385 (-67.0%), from €574 to €190
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 | €1,100,480 | €1,044,670 | -€55,810 | -5.1% |
| Fixed assets | 21/28 | €1,021,544 | €975,358 | -€46,186 | -4.5% |
| Tangible fixed assets | 22/27 | €1,021,429 | €975,243 | -€46,186 | -4.5% |
| Land and buildings | 22 | €588,256 | €557,217 | -€31,038 | -5.3% |
| Furniture and vehicles | 24 | €42,826 | €37,223 | -€5,603 | -13.1% |
| Other tangible fixed assets | 26 | €390,348 | €380,803 | -€9,545 | -2.4% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €78,936 | €69,312 | -€9,624 | -12.2% |
| Stocks and contracts in progress | 3 | €19,922 | €19,922 | = | 0.0% |
| Stocks | 30/36 | €19,922 | €19,922 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,738 | €46,373 | -€12,365 | -21.1% |
| Trade receivables | 40 | €57,158 | €45,744 | -€11,415 | -20.0% |
| Other amounts receivable | 41 | €1,580 | €630 | -€950 | -60.1% |
| Cash at bank and in hand | 54/58 | €276 | €3,017 | +€2,741 | +993.1% |
| Total equity and liabilities | 10/49 | €1,100,480 | €1,044,670 | -€55,810 | -5.1% |
| Equity | 10/15 | -€186,137 | -€245,555 | -€59,418 | -31.9% |
| Contributions | 10/11 | €367,600 | €367,600 | = | 0.0% |
| Reserves | 13 | €68,260 | €68,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,260 | €68,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €68,260 | €68,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€621,997 | -€681,415 | -€59,418 | -9.6% |
| Amounts payable | 17/49 | €1,286,618 | €1,290,225 | +€3,608 | +0.3% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,236,618 | €1,240,225 | +€3,608 | +0.3% |
| Trade debts | 44 | €4,410 | €10,296 | +€5,886 | +133.5% |
| Suppliers | 440/4 | €4,410 | €10,296 | +€5,886 | +133.5% |
| Taxes, remuneration and social security | 45 | €1,111 | €1,599 | +€488 | +44.0% |
| Taxes | 450/3 | €1,111 | €1,599 | +€488 | +44.0% |
| Other amounts payable | 47/48 | €1,231,097 | €1,228,330 | -€2,767 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,297 | €49,955 | +€8,658 | +21.0% |
| Other operating charges | 640/8 | €11,987 | €24,845 | +€12,858 | +107.3% |
| Gross operating margin | 9900 | €9,180 | €16,060 | +€6,880 | +74.9% |
| Operating profit (loss) | 9901 | -€44,104 | -€58,740 | -€14,637 | -33.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €574 | €190 | -€385 | -67.0% |
| Recurring financial charges | 65 | €574 | €190 | -€385 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,678 | -€58,930 | -€14,252 | -31.9% |
| Income taxes | 67/77 | €425 | €488 | +€63 | +14.8% |
| Profit (loss) for the period | 9904 | -€45,103 | -€59,418 | -€14,315 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,103 | -€59,418 | -€14,315 | -31.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.