GARRIMONT: 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.
GARRIMONT
Largest movements
- Current investments +€165,381
up €165,381 (+14.3%), from €1.2m to €1.3m
- Cash -€26,563
down €26,563 (-6.8%), from €392,973 to €366,410
mainly Current investments (-€165,381) and Receivables within one year (-€1,261)
- Reserves +€118,903
up €118,903 (+18.1%), from €657,994 to €776,898
of which Distributable reserves: +€112,903
- Financial income +€4,340
up €4,340 (+9.3%), from €46,702 to €51,043
- Financial charges +€2,029
up €2,029 (+122%), from €1,669 to €3,698
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 | €1,657,994 | €1,791,914 | +€133,919 | +8.1% |
| Fixed assets | 21/28 | €105,938 | €100,625 | -€5,313 | -5.0% |
| Tangible fixed assets | 22/27 | €105,938 | €100,625 | -€5,313 | -5.0% |
| Land and buildings | 22 | €105,938 | €100,625 | -€5,313 | -5.0% |
| Current assets | 29/58 | €1,552,057 | €1,691,289 | +€139,232 | +9.0% |
| Amounts receivable within one year | 40/41 | €1,288 | €2,549 | +€1,261 | +97.9% |
| Other amounts receivable | 41 | €1,288 | €2,549 | +€1,261 | +97.9% |
| Current investments | 50/53 | €1,155,435 | €1,320,815 | +€165,381 | +14.3% |
| Cash at bank and in hand | 54/58 | €392,973 | €366,410 | -€26,563 | -6.8% |
| Deferred charges and accrued income | 490/1 | €2,361 | €1,514 | -€847 | -35.9% |
| Total equity and liabilities | 10/49 | €1,657,994 | €1,791,914 | +€133,919 | +8.1% |
| Equity | 10/15 | €1,657,994 | €1,776,898 | +€118,903 | +7.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €657,994 | €776,898 | +€118,903 | +18.1% |
| Non-distributable reserves | 130/1 | €34,520 | €40,520 | +€6,000 | +17.4% |
| Legal reserve | 130 | €34,520 | €40,520 | +€6,000 | +17.4% |
| Distributable reserves | 133 | €623,475 | €736,378 | +€112,903 | +18.1% |
| Amounts payable | 17/49 | - | €15,016 | +€15,016 | |
| Amounts payable within one year | 42/48 | - | €15,016 | +€15,016 | |
| Trade debts | 44 | - | €61 | +€61 | |
| Suppliers | 440/4 | - | €61 | +€61 | |
| Other amounts payable | 47/48 | - | €14,955 | +€14,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,313 | €5,313 | +€0 | 0.0% |
| Other operating charges | 640/8 | €21,018 | €22,102 | +€1,084 | +5.2% |
| Non-recurring operating charges | 66A | €6,713 | - | -€6,713 | |
| Gross operating margin | 9900 | €139,759 | €139,267 | -€493 | -0.4% |
| Operating profit (loss) | 9901 | €106,716 | €111,853 | +€5,136 | +4.8% |
| Financial income | 75/76B | €46,702 | €51,043 | +€4,340 | +9.3% |
| Recurring financial income | 75 | €46,702 | €51,043 | +€4,340 | +9.3% |
| Financial charges | 65/66B | €1,669 | €3,698 | +€2,029 | +122% |
| Recurring financial charges | 65 | €1,669 | €3,698 | +€2,029 | +122% |
| Profit (loss) for the period before taxes | 9903 | €151,750 | €159,198 | +€7,447 | +4.9% |
| Income taxes | 67/77 | €40,041 | €40,294 | +€253 | +0.6% |
| Profit (loss) for the period | 9904 | €111,709 | €118,903 | +€7,194 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €111,709 | €118,903 | +€7,194 | +6.4% |
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 31 October 2026 via checked.be.