OGARDES: 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.
OGARDES
Largest movements
- Tangible fixed assets -€13,123
down €13,123 (-19.8%), from €66,325 to €53,202
of which Furniture and vehicles: -€12,398
- Cash +€10,270
up €10,270 (+31.5%), from €32,624 to €42,894
mainly Depreciation (+€14,923) and Receivables within one year (+€9,162)
- Receivables within one year -€9,162
down €9,162 (-46.7%), from €19,605 to €10,443
of which Other amounts receivable: -€6,984
- Deferred charges and accrued income +€1,841
up €1,841 (+152.9%), from €1,204 to €3,045
- Debts after one year -€10,600
down €10,600 (-33.9%), from €31,232 to €20,631
- Trade debts +€4,145
up €4,145 (+294.4%), from €1,408 to €5,553
- Tax, wage and social debts -€3,562
down €3,562 (-30.2%), from €11,801 to €8,239
of which Taxes: -€5,684
- Profit (loss) carried forward -€2,472
down €2,472 (-5.5%), from €44,628 to €42,156
- Gross operating margin +€13,051
up €13,051 (+21.8%), from €59,745 to €72,796
- Staff costs +€4,142
up €4,142 (+8.9%), from €46,685 to €50,827
- Other operating charges -€3,889
down €3,889 (-37.1%), from €10,491 to €6,602
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 | €121,024 | €109,865 | -€11,160 | -9.2% |
| Fixed assets | 21/28 | €66,375 | €53,252 | -€13,123 | -19.8% |
| Tangible fixed assets | 22/27 | €66,325 | €53,202 | -€13,123 | -19.8% |
| Plant, machinery and equipment | 23 | €17,751 | €17,026 | -€724 | -4.1% |
| Furniture and vehicles | 24 | €48,574 | €36,176 | -€12,398 | -25.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €54,650 | €56,613 | +€1,963 | +3.6% |
| Stocks and contracts in progress | 3 | €1,217 | €231 | -€986 | -81.0% |
| Stocks | 30/36 | €1,217 | €231 | -€986 | -81.0% |
| Amounts receivable within one year | 40/41 | €19,605 | €10,443 | -€9,162 | -46.7% |
| Trade receivables | 40 | €2,178 | - | -€2,178 | |
| Other amounts receivable | 41 | €17,427 | €10,443 | -€6,984 | -40.1% |
| Cash at bank and in hand | 54/58 | €32,624 | €42,894 | +€10,270 | +31.5% |
| Deferred charges and accrued income | 490/1 | €1,204 | €3,045 | +€1,841 | +152.9% |
| Total equity and liabilities | 10/49 | €121,024 | €109,865 | -€11,160 | -9.2% |
| Equity | 10/15 | €52,688 | €50,216 | -€2,472 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €44,628 | €42,156 | -€2,472 | -5.5% |
| Amounts payable | 17/49 | €68,337 | €59,649 | -€8,688 | -12.7% |
| Amounts payable after more than one year | 17 | €31,232 | €20,631 | -€10,600 | -33.9% |
| Financial debts | 170/4 | €31,232 | €20,631 | -€10,600 | -33.9% |
| Amounts payable within one year | 42/48 | €37,105 | €39,017 | +€1,912 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €10,163 | €10,600 | +€437 | +4.3% |
| Trade debts | 44 | €1,408 | €5,553 | +€4,145 | +294.4% |
| Suppliers | 440/4 | €1,408 | €5,553 | +€4,145 | +294.4% |
| Taxes, remuneration and social security | 45 | €11,801 | €8,239 | -€3,562 | -30.2% |
| Taxes | 450/3 | €9,891 | €4,207 | -€5,684 | -57.5% |
| Remuneration and social security | 454/9 | €1,911 | €4,032 | +€2,122 | +111.1% |
| Other amounts payable | 47/48 | €13,733 | €14,625 | +€892 | +6.5% |
| Remuneration, social security and pensions | 62 | €46,685 | €50,827 | +€4,142 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,939 | €14,923 | -€16 | -0.1% |
| Other operating charges | 640/8 | €10,491 | €6,602 | -€3,889 | -37.1% |
| Non-recurring operating charges | 66A | €296 | - | -€296 | |
| Gross operating margin | 9900 | €59,745 | €72,796 | +€13,051 | +21.8% |
| Operating profit (loss) | 9901 | -€12,666 | €445 | +€13,110 | |
| Financial charges | 65/66B | €2,638 | €2,365 | -€273 | -10.4% |
| Recurring financial charges | 65 | €2,638 | €2,365 | -€273 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,303 | -€1,920 | +€13,384 | +87.5% |
| Income taxes | 67/77 | €572 | €552 | -€21 | -3.6% |
| Profit (loss) for the period | 9904 | -€15,876 | -€2,472 | +€13,404 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,876 | -€2,472 | +€13,404 | +84.4% |
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 6 October 2026 via checked.be.