GARNI'S: 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.
GARNI'S
Largest movements
- Cash -€15,336
down €15,336 (-49.4%), from €31,047 to €15,711
mainly Stocks and contracts (-€15,000) and Trade debts (-€12,416)
- Stocks and contracts +€15,000
up €15,000 (+1200.0%), from €1,250 to €16,250
- Tangible fixed assets -€1,654
down €1,654 (-33.3%), from €4,962 to €3,308
- Receivables within one year +€466
up €466 (+96.9%), from €481 to €947
- Other debts +€13,402
up €13,402 (+1562.0%), from €858 to €14,260
- Trade debts -€12,416
down €12,416 (-85.3%), from €14,552 to €2,136
- Profit (loss) carried forward -€6,191
down €6,191, from €5,050 to -€1,141
- Tax, wage and social debts +€3,681
up €3,681 (+24.1%), from €15,280 to €18,961
of which Remuneration and social security: +€5,317
- Gross operating margin -€11,417
down €11,417 (-75.7%), from €15,076 to €3,658
- Staff costs +€4,275
new in 2025: €4,275
- Taxes +€3,769
new in 2025: €3,769
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 | €37,740 | €36,216 | -€1,524 | -4.0% |
| Fixed assets | 21/28 | €4,962 | €3,308 | -€1,654 | -33.3% |
| Tangible fixed assets | 22/27 | €4,962 | €3,308 | -€1,654 | -33.3% |
| Other tangible fixed assets | 26 | €4,962 | €3,308 | -€1,654 | -33.3% |
| Current assets | 29/58 | €32,778 | €32,908 | +€130 | +0.4% |
| Stocks and contracts in progress | 3 | €1,250 | €16,250 | +€15,000 | +1200.0% |
| Stocks | 30/36 | €1,250 | €16,250 | +€15,000 | +1200.0% |
| Amounts receivable within one year | 40/41 | €481 | €947 | +€466 | +96.9% |
| Other amounts receivable | 41 | €481 | €947 | +€466 | +96.9% |
| Cash at bank and in hand | 54/58 | €31,047 | €15,711 | -€15,336 | -49.4% |
| Total equity and liabilities | 10/49 | €37,740 | €36,216 | -€1,524 | -4.0% |
| Equity | 10/15 | €7,050 | €859 | -€6,191 | -87.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,050 | -€1,141 | -€6,191 | |
| Amounts payable | 17/49 | €30,690 | €35,357 | +€4,667 | +15.2% |
| Amounts payable within one year | 42/48 | €30,690 | €35,357 | +€4,667 | +15.2% |
| Trade debts | 44 | €14,552 | €2,136 | -€12,416 | -85.3% |
| Suppliers | 440/4 | €14,552 | €2,136 | -€12,416 | -85.3% |
| Taxes, remuneration and social security | 45 | €15,280 | €18,961 | +€3,681 | +24.1% |
| Taxes | 450/3 | €2,570 | €935 | -€1,635 | -63.6% |
| Remuneration and social security | 454/9 | €12,710 | €18,027 | +€5,317 | +41.8% |
| Other amounts payable | 47/48 | €858 | €14,260 | +€13,402 | +1562.0% |
| Remuneration, social security and pensions | 62 | - | €4,275 | +€4,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,654 | €1,654 | = | 0.0% |
| Other operating charges | 640/8 | €38 | - | -€38 | |
| Gross operating margin | 9900 | €15,076 | €3,658 | -€11,417 | -75.7% |
| Operating profit (loss) | 9901 | €13,384 | -€2,270 | -€15,655 | |
| Financial charges | 65/66B | €4 | €152 | +€148 | +4070.9% |
| Recurring financial charges | 65 | €4 | €152 | +€148 | +4070.9% |
| Profit (loss) for the period before taxes | 9903 | €13,381 | -€2,422 | -€15,803 | |
| Income taxes | 67/77 | - | €3,769 | +€3,769 | |
| Profit (loss) for the period | 9904 | €13,381 | -€6,191 | -€19,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,381 | -€6,191 | -€19,572 |
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 6 October 2026 via checked.be.