La Garde-Robe: what changed
La Garde-Robe
Largest movements
- Cash +€468,045
up €468,045 (+663%), from €70,566 to €538,611
mainly Stocks and contracts (+€393,001) and Deferred charges and accrued income (+€94,050)
- Stocks and contracts -€393,001
down €393,001 (-41.7%), from €942,863 to €549,863
- Deferred charges and accrued income -€94,050
down €94,050 (-94.8%), from €99,245 to €5,195
- Tangible fixed assets -€23,840
down €23,840 (-22.4%), from €106,609 to €82,770
of which Plant, machinery and equipment: -€18,995
- Accrued charges and deferred income -€140,064
down €140,064 (-91.4%), from €153,310 to €13,246
- Tax, wage and social debts +€76,181
up €76,181 (+80.8%), from €94,331 to €170,513
of which Taxes: +€72,883
- Trade debts -€55,349
down €55,349 (-37.3%), from €148,542 to €93,193
- Debts after one year +€52,854
up €52,854 (+5.8%), from €910,438 to €963,292
of which Other amounts payable: +€100,854
- Profit (loss) carried forward +€34,241
up €34,241 (+4.2%), from -€822,760 to -€788,519
- Staff costs -€224,098
down €224,098 (-31.4%), from €714,712 to €490,614
- Gross operating margin -€154,886
down €154,886 (-19.8%), from €784,082 to €629,196
- Depreciation -€37,202
down €37,202 (-60.9%), from €61,042 to €23,840
- Financial income -€16,963
down €16,963 (-73.5%), from €23,092 to €6,129
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,465,075 | €1,436,496 | -€28,579 | -2.0% |
| Fixed assets | 21/28 | €331,609 | €307,770 | -€23,840 | -7.2% |
| Intangible fixed assets | 21 | €225,000 | €225,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €106,609 | €82,770 | -€23,840 | -22.4% |
| Land and buildings | 22 | €33,751 | €31,853 | -€1,898 | -5.6% |
| Plant, machinery and equipment | 23 | €66,924 | €47,929 | -€18,995 | -28.4% |
| Furniture and vehicles | 24 | €5,934 | €2,988 | -€2,947 | -49.7% |
| Current assets | 29/58 | €1,133,466 | €1,128,726 | -€4,739 | -0.4% |
| Stocks and contracts in progress | 3 | €942,863 | €549,863 | -€393,001 | -41.7% |
| Stocks | 30/36 | €942,863 | €549,863 | -€393,001 | -41.7% |
| Amounts receivable within one year | 40/41 | €20,791 | €35,058 | +€14,266 | +68.6% |
| Trade receivables | 40 | €4,763 | €31,803 | +€27,040 | +568% |
| Other amounts receivable | 41 | €16,028 | €3,255 | -€12,773 | -79.7% |
| Cash at bank and in hand | 54/58 | €70,566 | €538,611 | +€468,045 | +663% |
| Deferred charges and accrued income | 490/1 | €99,245 | €5,195 | -€94,050 | -94.8% |
| Total equity and liabilities | 10/49 | €1,465,075 | €1,436,496 | -€28,579 | -2.0% |
| Equity | 10/15 | €70,731 | €104,973 | +€34,241 | +48.4% |
| Contributions | 10/11 | €593,600 | €593,600 | = | 0.0% |
| Reserves | 13 | €299,891 | €299,891 | = | 0.0% |
| Distributable reserves | 133 | €299,891 | €299,891 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€822,760 | -€788,519 | +€34,241 | +4.2% |
| Amounts payable | 17/49 | €1,394,344 | €1,331,524 | -€62,820 | -4.5% |
| Amounts payable after more than one year | 17 | €910,438 | €963,292 | +€52,854 | +5.8% |
| Financial debts | 170/4 | €48,000 | - | -€48,000 | |
| Other amounts payable | 178/9 | €862,438 | €963,292 | +€100,854 | +11.7% |
| Amounts payable within one year | 42/48 | €330,596 | €354,985 | +€24,389 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | - | -€12,000 | |
| Trade debts | 44 | €148,542 | €93,193 | -€55,349 | -37.3% |
| Suppliers | 440/4 | €148,542 | €93,193 | -€55,349 | -37.3% |
| Taxes, remuneration and social security | 45 | €94,331 | €170,513 | +€76,181 | +80.8% |
| Taxes | 450/3 | €18,337 | €91,220 | +€72,883 | +397% |
| Remuneration and social security | 454/9 | €75,994 | €79,293 | +€3,298 | +4.3% |
| Other amounts payable | 47/48 | €75,722 | €91,279 | +€15,557 | +20.5% |
| Accrued charges and deferred income | 492/3 | €153,310 | €13,246 | -€140,064 | -91.4% |
| Remuneration, social security and pensions | 62 | €714,712 | €490,614 | -€224,098 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,042 | €23,840 | -€37,202 | -60.9% |
| Other operating charges | 640/8 | €5,289 | €6,190 | +€900 | +17.0% |
| Gross operating margin | 9900 | €784,082 | €629,196 | -€154,886 | -19.8% |
| Operating profit (loss) | 9901 | €3,039 | €108,552 | +€105,514 | +3,472% |
| Financial income | 75/76B | €23,092 | €6,129 | -€16,963 | -73.5% |
| Recurring financial income | 75 | €23,092 | €6,129 | -€16,963 | -73.5% |
| Financial charges | 65/66B | €85,454 | €80,440 | -€5,013 | -5.9% |
| Recurring financial charges | 65 | €85,454 | €80,440 | -€5,013 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,323 | €34,241 | +€93,564 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€59,323 | €34,241 | +€93,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,323 | €34,241 | +€93,564 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.