GARO CONSULT: 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.
GARO CONSULT
Largest movements
- Receivables within one year +€24,407
up €24,407 (+454%), from €5,373 to €29,780
of which Trade receivables: +€18,970
- Cash +€7,325
up €7,325 (+218%), from €3,356 to €10,681
mainly Net result for the year (+€21,711) and Tax, wage and social debts (+€10,608)
- Tangible fixed assets +€2,231
up €2,231 (+55.7%), from €4,007 to €6,237
of which Plant, machinery and equipment: +€3,569
- Profit (loss) carried forward +€21,711
up €21,711 (+510%), from €4,255 to €25,965
- Tax, wage and social debts +€10,608
up €10,608 (+227%), from €4,677 to €15,286
- Trade debts +€2,135
up €2,135 (+682%), from €313 to €2,448
- Other debts -€491
down €491 (-100%), from €491 to €0
- Gross operating margin +€24,987
up €24,987 (+265%), from €9,439 to €34,426
- Taxes +€5,799
up €5,799 (+250%), from €2,318 to €8,118
- Depreciation +€1,329
up €1,329 (+113%), from €1,178 to €2,507
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 | €12,736 | €46,699 | +€33,963 | +267% |
| Fixed assets | 21/28 | €4,007 | €6,237 | +€2,231 | +55.7% |
| Tangible fixed assets | 22/27 | €4,007 | €6,237 | +€2,231 | +55.7% |
| Plant, machinery and equipment | 23 | - | €3,569 | +€3,569 | |
| Furniture and vehicles | 24 | €4,007 | €2,668 | -€1,339 | -33.4% |
| Current assets | 29/58 | €8,729 | €40,461 | +€31,732 | +364% |
| Amounts receivable within one year | 40/41 | €5,373 | €29,780 | +€24,407 | +454% |
| Trade receivables | 40 | €5,373 | €24,343 | +€18,970 | +353% |
| Other amounts receivable | 41 | - | €5,437 | +€5,437 | |
| Cash at bank and in hand | 54/58 | €3,356 | €10,681 | +€7,325 | +218% |
| Total equity and liabilities | 10/49 | €12,736 | €46,699 | +€33,963 | +267% |
| Equity | 10/15 | €7,255 | €28,965 | +€21,711 | +299% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,255 | €25,965 | +€21,711 | +510% |
| Amounts payable | 17/49 | €5,481 | €17,733 | +€12,252 | +224% |
| Amounts payable within one year | 42/48 | €5,481 | €17,733 | +€12,252 | +224% |
| Trade debts | 44 | €313 | €2,448 | +€2,135 | +682% |
| Suppliers | 440/4 | €313 | €2,448 | +€2,135 | +682% |
| Taxes, remuneration and social security | 45 | €4,677 | €15,286 | +€10,608 | +227% |
| Taxes | 450/3 | €4,677 | €15,286 | +€10,608 | +227% |
| Other amounts payable | 47/48 | €491 | €0 | -€491 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €2,507 | +€1,329 | +113% |
| Other operating charges | 640/8 | €1,010 | €928 | -€82 | -8.1% |
| Gross operating margin | 9900 | €9,439 | €34,426 | +€24,987 | +265% |
| Operating profit (loss) | 9901 | €7,252 | €30,991 | +€23,740 | +327% |
| Financial income | 75/76B | - | €131 | +€131 | |
| Recurring financial income | 75 | - | €131 | +€131 | |
| Financial charges | 65/66B | €1,421 | €1,294 | -€127 | -8.9% |
| Recurring financial charges | 65 | €1,421 | €1,294 | -€127 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €5,831 | €29,828 | +€23,998 | +412% |
| Income taxes | 67/77 | €2,318 | €8,118 | +€5,799 | +250% |
| Profit (loss) for the period | 9904 | €3,512 | €21,711 | +€18,199 | +518% |
| Profit (loss) for the period to be appropriated | 9905 | €3,512 | €21,711 | +€18,199 | +518% |
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 15 October 2026 via checked.be.