GARNET CONSULTING: 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.
GARNET CONSULTING
Largest movements
- Tangible fixed assets -€11,329
down €11,329 (-4.5%), from €249,602 to €238,273
of which Land and buildings: -€10,320
- Debts after one year -€10,800
no longer reported in 2025 (was €10,800)
- Gross operating margin -€6,582
down €6,582 (-36.3%), from €18,150 to €11,568
- Depreciation +€357
up €357 (+3.3%), from €10,972 to €11,329
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.
Derived cash bridge
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 | €318,960 | €305,898 | -€13,061 | -4.1% |
| Fixed assets | 21/28 | €249,602 | €238,273 | -€11,329 | -4.5% |
| Tangible fixed assets | 22/27 | €249,602 | €238,273 | -€11,329 | -4.5% |
| Land and buildings | 22 | €247,518 | €237,198 | -€10,320 | -4.2% |
| Furniture and vehicles | 24 | €2,085 | €1,076 | -€1,009 | -48.4% |
| Current assets | 29/58 | €69,357 | €67,625 | -€1,732 | -2.5% |
| Cash at bank and in hand | 54/58 | €69,357 | €67,625 | -€1,732 | -2.5% |
| Total equity and liabilities | 10/49 | €318,960 | €305,898 | -€13,061 | -4.1% |
| Equity | 10/15 | €299,873 | €299,559 | -€314 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €312,954 | €312,954 | = | 0.0% |
| Distributable reserves | 133 | €312,954 | €312,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,010 | -€27,378 | +€1,632 | +5.6% |
| Investment grants | 15 | €9,729 | €7,783 | -€1,946 | -20.0% |
| Amounts payable | 17/49 | €19,087 | €6,339 | -€12,747 | -66.8% |
| Amounts payable after more than one year | 17 | €10,800 | - | -€10,800 | |
| Other amounts payable | 178/9 | €10,800 | - | -€10,800 | |
| Amounts payable within one year | 42/48 | €7,107 | €6,339 | -€767 | -10.8% |
| Other amounts payable | 47/48 | €7,107 | €6,339 | -€767 | -10.8% |
| Accrued charges and deferred income | 492/3 | €1,180 | - | -€1,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,972 | €11,329 | +€357 | +3.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €18,150 | €11,568 | -€6,582 | -36.3% |
| Operating profit (loss) | 9901 | €6,792 | -€161 | -€6,952 | |
| Financial income | 75/76B | €1,947 | €1,946 | -€1 | 0.0% |
| Recurring financial income | 75 | €1,947 | €1,946 | -€1 | 0.0% |
| Financial charges | 65/66B | €163 | €153 | -€10 | -6.1% |
| Recurring financial charges | 65 | €163 | €153 | -€10 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €8,575 | €1,632 | -€6,943 | -81.0% |
| Profit (loss) for the period | 9904 | €8,575 | €1,632 | -€6,943 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,575 | €1,632 | -€6,943 | -81.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.