GARVI: 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.
GARVI
Largest movements
- Receivables within one year -€10,946
down €10,946 (-29.7%), from €36,854 to €25,908
of which Trade receivables: -€12,207
- Cash +€5,495
up €5,495 (+128.7%), from €4,270 to €9,765
mainly Receivables within one year (+€10,946) and Trade debts (+€7,911)
- Tangible fixed assets -€947
down €947 (-40.6%), from €2,332 to €1,385
of which Plant, machinery and equipment: -€683
- Profit (loss) carried forward -€10,205
down €10,205 (-177.6%), from -€5,747 to -€15,952
- Trade debts +€7,911
up €7,911 (+31.9%), from €24,765 to €32,676
- Tax, wage and social debts -€4,149
down €4,149 (-69.9%), from €5,938 to €1,789
of which Taxes: -€4,291
- Turnover -€32,577
down €32,577 (-14.4%), from €226,503 to €193,926
- Purchases and services -€28,689
down €28,689 (-12.4%), from €231,328 to €202,639
- Gross operating margin -€12,431
down €12,431, from €4,261 to -€8,170
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 | €43,556 | €37,158 | -€6,398 | -14.7% |
| Fixed assets | 21/28 | €2,432 | €1,485 | -€947 | -39.0% |
| Tangible fixed assets | 22/27 | €2,332 | €1,385 | -€947 | -40.6% |
| Plant, machinery and equipment | 23 | €1,703 | €1,019 | -€683 | -40.1% |
| Furniture and vehicles | 24 | €630 | €365 | -€264 | -42.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €41,124 | €35,673 | -€5,451 | -13.3% |
| Amounts receivable within one year | 40/41 | €36,854 | €25,908 | -€10,946 | -29.7% |
| Trade receivables | 40 | €12,207 | €0 | -€12,207 | -100.0% |
| Other amounts receivable | 41 | €24,647 | €25,908 | +€1,261 | +5.1% |
| Cash at bank and in hand | 54/58 | €4,270 | €9,765 | +€5,495 | +128.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €43,556 | €37,158 | -€6,398 | -14.7% |
| Equity | 10/15 | €12,853 | €2,648 | -€10,205 | -79.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,747 | -€15,952 | -€10,205 | -177.6% |
| Amounts payable | 17/49 | €30,703 | €34,510 | +€3,807 | +12.4% |
| Amounts payable within one year | 42/48 | €30,703 | €34,510 | +€3,807 | +12.4% |
| Trade debts | 44 | €24,765 | €32,676 | +€7,911 | +31.9% |
| Suppliers | 440/4 | €24,765 | €32,676 | +€7,911 | +31.9% |
| Taxes, remuneration and social security | 45 | €5,938 | €1,789 | -€4,149 | -69.9% |
| Taxes | 450/3 | €5,938 | €1,648 | -€4,291 | -72.3% |
| Remuneration and social security | 454/9 | - | €142 | +€142 | |
| Other amounts payable | 47/48 | - | €45 | +€45 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €226,503 | €193,926 | -€32,577 | -14.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €231,328 | €202,639 | -€28,689 | -12.4% |
| Remuneration, social security and pensions | 62 | €307 | €291 | -€16 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €947 | +€37 | +4.1% |
| Other operating charges | 640/8 | €1,174 | €1,031 | -€143 | -12.2% |
| Gross operating margin | 9900 | €4,261 | -€8,170 | -€12,431 | |
| Operating profit (loss) | 9901 | €1,870 | -€10,439 | -€12,309 | |
| Financial income | 75/76B | €5 | €968 | +€962 | +19020.9% |
| Recurring financial income | 75 | €5 | €968 | +€962 | +19020.9% |
| Financial charges | 65/66B | €2,008 | €734 | -€1,274 | -63.5% |
| Recurring financial charges | 65 | €2,008 | €734 | -€1,274 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | -€133 | -€10,205 | -€10,072 | -7558.1% |
| Profit (loss) for the period | 9904 | -€133 | -€10,205 | -€10,072 | -7558.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€133 | -€10,205 | -€10,072 | -7558.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.