Le Garde-Chasse: 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.
Le Garde-Chasse
Largest movements
- Tangible fixed assets -€327,015
down €327,015 (-6.5%), from €5.1m to €4.7m
of which Land and buildings: -€241,533
- Cash +€123,053
up €123,053 (+44.4%), from €276,896 to €399,950
mainly Depreciation (+€327,015) and Other debts (+€71,048)
- Debts after one year -€225,289
down €225,289 (-7.7%), from €2.9m to €2.7m
- Other debts +€71,048
up €71,048 (+3.2%), from €2.2m to €2.3m
- Current portion of long-term debt -€66,719
down €66,719 (-22.8%), from €292,009 to €225,289
- Gross operating margin -€31,087
down €31,087 (-6.5%), from €474,995 to €443,909
- Other operating charges -€13,584
down €13,584 (-36.4%), from €37,350 to €23,765
- Financial charges -€9,268
down €9,268 (-9.4%), from €99,088 to €89,820
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 | €5,346,931 | €5,142,022 | -€204,909 | -3.8% |
| Fixed assets | 21/28 | €5,068,916 | €4,741,901 | -€327,015 | -6.5% |
| Tangible fixed assets | 22/27 | €5,068,916 | €4,741,901 | -€327,015 | -6.5% |
| Land and buildings | 22 | €4,254,967 | €4,013,434 | -€241,533 | -5.7% |
| Plant, machinery and equipment | 23 | €805,349 | €727,163 | -€78,187 | -9.7% |
| Furniture and vehicles | 24 | €8,600 | €1,304 | -€7,296 | -84.8% |
| Current assets | 29/58 | €278,015 | €400,121 | +€122,106 | +43.9% |
| Amounts receivable within one year | 40/41 | €984 | €5 | -€979 | -99.5% |
| Other amounts receivable | 41 | €984 | €5 | -€979 | -99.5% |
| Cash at bank and in hand | 54/58 | €276,896 | €399,950 | +€123,053 | +44.4% |
| Deferred charges and accrued income | 490/1 | €135 | €167 | +€31 | +23.1% |
| Total equity and liabilities | 10/49 | €5,346,931 | €5,142,022 | -€204,909 | -3.8% |
| Equity | 10/15 | -€237,862 | -€234,554 | +€3,308 | +1.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€487,862 | -€484,554 | +€3,308 | +0.7% |
| Amounts payable | 17/49 | €5,584,793 | €5,376,576 | -€208,217 | -3.7% |
| Amounts payable after more than one year | 17 | €2,935,220 | €2,709,931 | -€225,289 | -7.7% |
| Financial debts | 170/4 | €2,935,220 | €2,709,931 | -€225,289 | -7.7% |
| Amounts payable within one year | 42/48 | €2,638,405 | €2,655,364 | +€16,959 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €292,009 | €225,289 | -€66,719 | -22.8% |
| Financial debts | 43 | €86,263 | €68,717 | -€17,546 | -20.3% |
| Credit institutions | 430/8 | €86,263 | €68,717 | -€17,546 | -20.3% |
| Trade debts | 44 | €59,899 | €90,075 | +€30,176 | +50.4% |
| Suppliers | 440/4 | €59,899 | €90,075 | +€30,176 | +50.4% |
| Other amounts payable | 47/48 | €2,200,234 | €2,271,282 | +€71,048 | +3.2% |
| Accrued charges and deferred income | 492/3 | €11,168 | €11,282 | +€114 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,015 | €327,015 | = | 0.0% |
| Other operating charges | 640/8 | €37,350 | €23,765 | -€13,584 | -36.4% |
| Gross operating margin | 9900 | €474,995 | €443,909 | -€31,087 | -6.5% |
| Operating profit (loss) | 9901 | €110,631 | €93,128 | -€17,503 | -15.8% |
| Financial income | 75/76B | €3,240 | €0 | -€3,240 | -100% |
| Recurring financial income | 75 | €3,240 | €0 | -€3,240 | -100% |
| Financial charges | 65/66B | €99,088 | €89,820 | -€9,268 | -9.4% |
| Recurring financial charges | 65 | €99,088 | €89,820 | -€9,268 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €14,783 | €3,308 | -€11,475 | -77.6% |
| Profit (loss) for the period | 9904 | €14,783 | €3,308 | -€11,475 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,783 | €3,308 | -€11,475 | -77.6% |
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 18 October 2026 via checked.be.