GARNISSART: 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.
GARNISSART
Largest movements
- Cash +€9,362
up €9,362 (+174%), from €5,374 to €14,736
mainly Net result for the year (+€8,831) and Receivables within one year (+€4,964)
- Receivables within one year -€4,964
down €4,964 (-99.7%), from €4,980 to €16
of which Trade receivables: -€4,980
- Tangible fixed assets +€512
up €512 (+18.5%), from €2,774 to €3,286
of which Furniture and vehicles: +€2,179
- Profit (loss) carried forward +€8,831
up €8,831, from -€5,685 to €3,146
- Other debts -€4,000
down €4,000 (-29.1%), from €13,761 to €9,761
- Gross operating margin +€3,335
up €3,335 (+33.9%), from €9,826 to €13,161
- Taxes +€762
up €762 (+30.8%), from €2,472 to €3,234
- Depreciation +€203
up €203 (+23.9%), from €851 to €1,054
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 | €18,389 | €23,168 | +€4,779 | +26.0% |
| Fixed assets | 21/28 | €2,774 | €3,286 | +€512 | +18.5% |
| Tangible fixed assets | 22/27 | €2,774 | €3,286 | +€512 | +18.5% |
| Plant, machinery and equipment | 23 | €2,774 | €1,107 | -€1,667 | -60.1% |
| Furniture and vehicles | 24 | - | €2,179 | +€2,179 | |
| Current assets | 29/58 | €15,615 | €19,882 | +€4,267 | +27.3% |
| Stocks and contracts in progress | 3 | €5,261 | €5,130 | -€131 | -2.5% |
| Stocks | 30/36 | €5,261 | €5,130 | -€131 | -2.5% |
| Amounts receivable within one year | 40/41 | €4,980 | €16 | -€4,964 | -99.7% |
| Trade receivables | 40 | €4,980 | - | -€4,980 | |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €5,374 | €14,736 | +€9,362 | +174% |
| Total equity and liabilities | 10/49 | €18,389 | €23,168 | +€4,779 | +26.0% |
| Equity | 10/15 | €1,287 | €10,118 | +€8,831 | +686% |
| Contributions | 10/11 | €6,972 | €6,972 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€5,685 | €3,146 | +€8,831 | |
| Amounts payable | 17/49 | €17,102 | €13,050 | -€4,052 | -23.7% |
| Amounts payable within one year | 42/48 | €17,102 | €13,050 | -€4,052 | -23.7% |
| Taxes, remuneration and social security | 45 | €3,341 | €3,289 | -€52 | -1.6% |
| Taxes | 450/3 | €3,341 | €3,289 | -€52 | -1.6% |
| Other amounts payable | 47/48 | €13,761 | €9,761 | -€4,000 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €851 | €1,054 | +€203 | +23.9% |
| Gross operating margin | 9900 | €9,826 | €13,161 | +€3,335 | +33.9% |
| Operating profit (loss) | 9901 | €8,975 | €12,107 | +€3,132 | +34.9% |
| Financial charges | 65/66B | €51 | €42 | -€9 | -17.6% |
| Recurring financial charges | 65 | €51 | €42 | -€9 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €8,924 | €12,065 | +€3,141 | +35.2% |
| Income taxes | 67/77 | €2,472 | €3,234 | +€762 | +30.8% |
| Profit (loss) for the period | 9904 | €6,452 | €8,831 | +€2,379 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,452 | €8,831 | +€2,379 | +36.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.