GARNET: 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.
GARNET
Largest movements
- Tangible fixed assets -€597
down €597 (-100.0%), from €597 to €0
- Cash +€297
up €297 (+3.8%), from €7,787 to €8,084
mainly Depreciation (+€597) and Other debts (+€231)
- Receivables within one year +€209
up €209 (+47.3%), from €442 to €651
- Deferred charges and accrued income +€166
new in 2025: €166
- Current portion of long-term debt -€231
no longer reported in 2025 (was €231)
- Other debts +€231
up €231 (+6.8%), from €3,409 to €3,640
- Turnover -€9,699
no longer reported in 2025 (was €9,699)
- Purchases and services -€7,925
no longer reported in 2025 (was €7,925)
- Gross operating margin -€284
down €284 (-16.0%), from €1,773 to €1,489
- Write-downs -€237
no longer reported in 2025 (was €237)
- Financial charges +€136
up €136 (+141.6%), from €96 to €232
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 | €9,031 | €9,106 | +€75 | +0.8% |
| Fixed assets | 21/28 | €597 | €0 | -€597 | -100.0% |
| Tangible fixed assets | 22/27 | €597 | €0 | -€597 | -100.0% |
| Furniture and vehicles | 24 | €597 | €0 | -€597 | -100.0% |
| Current assets | 29/58 | €8,434 | €9,106 | +€672 | +8.0% |
| Stocks and contracts in progress | 3 | €205 | €205 | -€0 | -0.1% |
| Stocks | 30/36 | €205 | €205 | -€0 | -0.1% |
| Amounts receivable within one year | 40/41 | €442 | €651 | +€209 | +47.3% |
| Trade receivables | 40 | €442 | €651 | +€209 | +47.3% |
| Cash at bank and in hand | 54/58 | €7,787 | €8,084 | +€297 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €166 | +€166 | |
| Total equity and liabilities | 10/49 | €9,031 | €9,106 | +€75 | +0.8% |
| Equity | 10/15 | €2,466 | €2,460 | -€6 | -0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €405 | €405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €405 | €405 | = | 0.0% |
| Reserves not available under the articles | 1311 | €405 | €405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,531 | -€16,537 | -€6 | 0.0% |
| Amounts payable | 17/49 | €6,565 | €6,646 | +€81 | +1.2% |
| Amounts payable within one year | 42/48 | €6,565 | €6,646 | +€81 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €231 | - | -€231 | |
| Trade debts | 44 | €2,925 | €3,006 | +€81 | +2.8% |
| Suppliers | 440/4 | €2,925 | €3,006 | +€81 | +2.8% |
| Other amounts payable | 47/48 | €3,409 | €3,640 | +€231 | +6.8% |
| Turnover | 70 | €9,699 | - | -€9,699 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,925 | - | -€7,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €597 | -€54 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €237 | - | -€237 | |
| Other operating charges | 640/8 | €650 | €666 | +€16 | +2.4% |
| Gross operating margin | 9900 | €1,773 | €1,489 | -€284 | -16.0% |
| Operating profit (loss) | 9901 | €235 | €227 | -€8 | -3.6% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €96 | €232 | +€136 | +141.6% |
| Recurring financial charges | 65 | €96 | €232 | +€136 | +141.6% |
| Profit (loss) for the period before taxes | 9903 | €153 | -€5 | -€158 | |
| Profit (loss) for the period | 9904 | €153 | -€5 | -€158 | |
| Profit (loss) for the period to be appropriated | 9905 | €153 | -€5 | -€158 |
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.