GARRODIJK: 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.
GARRODIJK
Largest movements
- Stocks and contracts +€260,981
up €260,981 (+11.2%), from €2.3m to €2.6m
- Tangible fixed assets +€59,768
up €59,768 (+16.5%), from €362,057 to €421,825
of which Other tangible fixed assets: +€37,773
- Deferred charges and accrued income +€44,229
up €44,229 (+3,197%), from €1,384 to €45,613
- Debts after one year +€450,000
up €450,000 (+362%), from €124,468 to €574,468
- Other debts +€402,465
up €402,465 (+32.8%), from €1.2m to €1.6m
- Profit (loss) carried forward -€282,687
down €282,687 (-117%), from -€241,554 to -€524,241
- Short-term financial debts -€225,785
down €225,785 (-17.2%), from €1.3m to €1.1m
- Trade debts +€32,970
up €32,970 (+722%), from €4,569 to €37,539
- Gross operating margin -€148,572
down €148,572 (-3,754%), from -€3,958 to -€152,530
- Financial charges +€24,262
up €24,262 (+27.4%), from €88,500 to €112,762
- Depreciation +€7,181
up €7,181 (+71.8%), from €10,005 to €17,186
- Other operating charges +€1,780
up €1,780 (+32.0%), from €5,568 to €7,348
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 | €2,718,847 | €3,087,166 | +€368,319 | +13.5% |
| Fixed assets | 21/28 | €362,057 | €421,825 | +€59,768 | +16.5% |
| Tangible fixed assets | 22/27 | €362,057 | €421,825 | +€59,768 | +16.5% |
| Land and buildings | 22 | €362,057 | €352,052 | -€10,005 | -2.8% |
| Furniture and vehicles | 24 | - | €32,000 | +€32,000 | |
| Other tangible fixed assets | 26 | - | €37,773 | +€37,773 | |
| Current assets | 29/58 | €2,356,790 | €2,665,341 | +€308,551 | +13.1% |
| Stocks and contracts in progress | 3 | €2,323,776 | €2,584,757 | +€260,981 | +11.2% |
| Stocks | 30/36 | €2,323,776 | €2,584,757 | +€260,981 | +11.2% |
| Amounts receivable within one year | 40/41 | €17,908 | €33,541 | +€15,633 | +87.3% |
| Other amounts receivable | 41 | €17,908 | €33,541 | +€15,633 | +87.3% |
| Cash at bank and in hand | 54/58 | €13,722 | €1,430 | -€12,292 | -89.6% |
| Deferred charges and accrued income | 490/1 | €1,384 | €45,613 | +€44,229 | +3,197% |
| Total equity and liabilities | 10/49 | €2,718,847 | €3,087,166 | +€368,319 | +13.5% |
| Equity | 10/15 | -€115,605 | -€402,586 | -€286,981 | -248% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €107,358 | €103,063 | -€4,294 | -4.0% |
| Tax-exempt reserves | 132 | €107,358 | €103,063 | -€4,294 | -4.0% |
| Profit (loss) carried forward | 14 | -€241,554 | -€524,241 | -€282,687 | -117% |
| Provisions and deferred taxes | 16 | €55,281 | €53,070 | -€2,211 | -4.0% |
| Deferred taxes | 168 | €55,281 | €53,070 | -€2,211 | -4.0% |
| Amounts payable | 17/49 | €2,779,170 | €3,436,682 | +€657,512 | +23.7% |
| Amounts payable after more than one year | 17 | €124,468 | €574,468 | +€450,000 | +362% |
| Financial debts | 170/4 | €124,468 | €574,468 | +€450,000 | +362% |
| Amounts payable within one year | 42/48 | €2,558,651 | €2,752,441 | +€193,790 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €18,906 | €3,046 | -€15,859 | -83.9% |
| Financial debts | 43 | €1,309,217 | €1,083,432 | -€225,785 | -17.2% |
| Credit institutions | 430/8 | €1,309,217 | €1,083,432 | -€225,785 | -17.2% |
| Trade debts | 44 | €4,569 | €37,539 | +€32,970 | +722% |
| Suppliers | 440/4 | €4,569 | €37,539 | +€32,970 | +722% |
| Other amounts payable | 47/48 | €1,225,959 | €1,628,424 | +€402,465 | +32.8% |
| Accrued charges and deferred income | 492/3 | €96,052 | €109,773 | +€13,722 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,005 | €17,186 | +€7,181 | +71.8% |
| Other operating charges | 640/8 | €5,568 | €7,348 | +€1,780 | +32.0% |
| Gross operating margin | 9900 | -€3,958 | -€152,530 | -€148,572 | -3,754% |
| Operating profit (loss) | 9901 | -€19,532 | -€177,064 | -€157,532 | -807% |
| Financial income | 75/76B | €1,653 | €633 | -€1,020 | -61.7% |
| Recurring financial income | 75 | €1,653 | €633 | -€1,020 | -61.7% |
| Financial charges | 65/66B | €88,500 | €112,762 | +€24,262 | +27.4% |
| Recurring financial charges | 65 | €88,500 | €112,762 | +€24,262 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | -€106,378 | -€289,193 | -€182,814 | -172% |
| Transfer from deferred taxes | 780 | €2,211 | €2,211 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€104,167 | -€286,981 | -€182,814 | -176% |
| Transfer from tax-exempt reserves | 789 | €4,294 | €4,294 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,873 | -€282,687 | -€182,814 | -183% |
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 13 October 2026 via checked.be.