GARTA: 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.
GARTA
Largest movements
- Receivables within one year +€41,274
up €41,274 (+44.1%), from €93,539 to €134,813
of which Trade receivables: +€41,274
- Deferred charges and accrued income -€2,219
down €2,219 (-100.0%), from €2,219 to €0
- Trade debts +€40,417
up €40,417 (+54.9%), from €73,642 to €114,058
- Other debts -€16,012
down €16,012 (-6.6%), from €241,235 to €225,223
- Profit (loss) carried forward +€8,650
up €8,650 (+4.2%), from -€204,784 to -€196,134
- Tax, wage and social debts +€5,165
up €5,165 (+37.9%), from €13,617 to €18,782
- Gross operating margin -€30,359
down €30,359 (-80.0%), from €37,937 to €7,578
- Write-downs -€11,258
down €11,258, from €5,629 to -€5,629
- Taxes +€3,262
new in 2024: €3,262
- Financial charges -€2,501
down €2,501 (-75.7%), from €3,302 to €801
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,267 | €196,487 | +€38,220 | +24.1% |
| Fixed assets | 21/28 | €846 | €352 | -€494 | -58.4% |
| Tangible fixed assets | 22/27 | €846 | €352 | -€494 | -58.4% |
| Furniture and vehicles | 24 | €846 | €352 | -€494 | -58.4% |
| Current assets | 29/58 | €157,421 | €196,135 | +€38,715 | +24.6% |
| Stocks and contracts in progress | 3 | €61,303 | €61,303 | = | 0.0% |
| Stocks | 30/36 | €61,303 | €61,303 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,539 | €134,813 | +€41,274 | +44.1% |
| Trade receivables | 40 | €89,552 | €130,826 | +€41,274 | +46.1% |
| Other amounts receivable | 41 | €3,987 | €3,987 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €360 | €19 | -€341 | -94.7% |
| Deferred charges and accrued income | 490/1 | €2,219 | €0 | -€2,219 | -100.0% |
| Total equity and liabilities | 10/49 | €158,267 | €196,487 | +€38,220 | +24.1% |
| Equity | 10/15 | -€170,226 | -€161,576 | +€8,650 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,958 | €15,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,098 | €14,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,784 | -€196,134 | +€8,650 | +4.2% |
| Amounts payable | 17/49 | €328,493 | €358,063 | +€29,570 | +9.0% |
| Amounts payable within one year | 42/48 | €328,493 | €358,063 | +€29,570 | +9.0% |
| Trade debts | 44 | €73,642 | €114,058 | +€40,417 | +54.9% |
| Suppliers | 440/4 | €73,642 | €114,058 | +€40,417 | +54.9% |
| Taxes, remuneration and social security | 45 | €13,617 | €18,782 | +€5,165 | +37.9% |
| Taxes | 450/3 | €13,617 | €18,782 | +€5,165 | +37.9% |
| Other amounts payable | 47/48 | €241,235 | €225,223 | -€16,012 | -6.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €494 | €494 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,629 | -€5,629 | -€11,258 | |
| Other operating charges | 640/8 | €0 | - | = | |
| Non-recurring operating charges | 66A | €3,054 | €0 | -€3,054 | -100.0% |
| Gross operating margin | 9900 | €37,937 | €7,578 | -€30,359 | -80.0% |
| Operating profit (loss) | 9901 | €28,760 | €12,713 | -€16,047 | -55.8% |
| Financial income | 75/76B | €1 | €1 | -€0 | -1.2% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -1.2% |
| Financial charges | 65/66B | €3,302 | €801 | -€2,501 | -75.7% |
| Recurring financial charges | 65 | €3,302 | €801 | -€2,501 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €25,459 | €11,913 | -€13,547 | -53.2% |
| Income taxes | 67/77 | - | €3,262 | +€3,262 | |
| Profit (loss) for the period | 9904 | €25,459 | €8,650 | -€16,809 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,459 | €8,650 | -€16,809 | -66.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.