GARON: 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.
GARON
Largest movements
- Cash -€37,875
down €37,875 (-88.2%), from €42,920 to €5,045
mainly Net result for the year (-€32,337) and Tax, wage and social debts (-€7,563)
- Receivables within one year -€5,863
down €5,863 (-100.0%), from €5,863 to €0
of which Trade receivables: -€5,769
- Tangible fixed assets +€1,949
up €1,949 (+82.0%), from €2,376 to €4,326
- Profit (loss) carried forward -€32,337
down €32,337 (-10676.1%), from -€303 to -€32,640
- Tax, wage and social debts -€7,563
down €7,563 (-88.4%), from €8,554 to €991
- Other debts -€679
down €679 (-3.3%), from €20,711 to €20,032
- Trade debts -€673
down €673 (-40.5%), from €1,660 to €987
- Short-term financial debts -€537
down €537 (-100.0%), from €537 to €0
- Gross operating margin -€42,794
down €42,794, from €14,015 to -€28,779
- Depreciation +€1,816
up €1,816 (+181.2%), from €1,002 to €2,818
- Taxes -€1,566
down €1,566 (-100.0%), from €1,566 to €0
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 | €51,159 | €9,371 | -€41,789 | -81.7% |
| Fixed assets | 21/28 | €2,376 | €4,326 | +€1,949 | +82.0% |
| Tangible fixed assets | 22/27 | €2,376 | €4,326 | +€1,949 | +82.0% |
| Furniture and vehicles | 24 | €2,376 | €4,326 | +€1,949 | +82.0% |
| Current assets | 29/58 | €48,783 | €5,045 | -€43,738 | -89.7% |
| Amounts receivable within one year | 40/41 | €5,863 | €0 | -€5,863 | -100.0% |
| Trade receivables | 40 | €5,769 | €0 | -€5,769 | -100.0% |
| Other amounts receivable | 41 | €94 | €0 | -€94 | -100.0% |
| Cash at bank and in hand | 54/58 | €42,920 | €5,045 | -€37,875 | -88.2% |
| Total equity and liabilities | 10/49 | €51,159 | €9,371 | -€41,789 | -81.7% |
| Equity | 10/15 | €19,697 | -€12,640 | -€32,337 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303 | -€32,640 | -€32,337 | -10676.1% |
| Amounts payable | 17/49 | €31,462 | €22,010 | -€9,452 | -30.0% |
| Amounts payable within one year | 42/48 | €31,462 | €22,010 | -€9,452 | -30.0% |
| Financial debts | 43 | €537 | €0 | -€537 | -100.0% |
| Credit institutions | 430/8 | €537 | €0 | -€537 | -100.0% |
| Trade debts | 44 | €1,660 | €987 | -€673 | -40.5% |
| Suppliers | 440/4 | €1,660 | €987 | -€673 | -40.5% |
| Taxes, remuneration and social security | 45 | €8,554 | €991 | -€7,563 | -88.4% |
| Taxes | 450/3 | €8,554 | €991 | -€7,563 | -88.4% |
| Other amounts payable | 47/48 | €20,711 | €20,032 | -€679 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €2,818 | +€1,816 | +181.2% |
| Other operating charges | 640/8 | €116 | €387 | +€271 | +232.6% |
| Gross operating margin | 9900 | €14,015 | -€28,779 | -€42,794 | |
| Operating profit (loss) | 9901 | €12,896 | -€31,985 | -€44,881 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €251 | €352 | +€101 | +40.2% |
| Recurring financial charges | 65 | €251 | €352 | +€101 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €12,650 | -€32,337 | -€44,986 | |
| Income taxes | 67/77 | €1,566 | €0 | -€1,566 | -100.0% |
| Profit (loss) for the period | 9904 | €11,083 | -€32,337 | -€43,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,083 | -€32,337 | -€43,420 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.