SRL GARBIN: 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.
SRL GARBIN
Largest movements
- Cash +€54,461
up €54,461 (+180%), from €30,186 to €84,646
mainly Stocks and contracts (+€46,500) and Net result for the year (+€9,077)
- Stocks and contracts -€46,500
down €46,500 (-51.3%), from €90,650 to €44,150
- Tangible fixed assets -€8,074
down €8,074 (-5.5%), from €147,197 to €139,123
of which Land and buildings: -€7,120
- Receivables within one year +€7,342
up €7,342 (+98.5%), from €7,455 to €14,797
of which Trade receivables: +€13,033
- Profit (loss) carried forward +€9,077
up €9,077 (+4.1%), from €219,251 to €228,328
- Tax, wage and social debts +€4,249
up €4,249 (+31.7%), from €13,389 to €17,638
of which Taxes: +€6,460
- Trade debts -€4,026
down €4,026 (-22.0%), from €18,284 to €14,258
- Purchases and services -€54,123
down €54,123 (-26.5%), from €204,442 to €150,319
- Gross operating margin +€8,411
up €8,411 (+12.4%), from €67,640 to €76,051
- Depreciation -€5,504
down €5,504 (-39.0%), from €14,108 to €8,604
- Taxes +€3,068
up €3,068 (+102%), from €3,000 to €6,068
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 | €277,911 | €285,176 | +€7,265 | +2.6% |
| Fixed assets | 21/28 | €147,247 | €139,173 | -€8,074 | -5.5% |
| Tangible fixed assets | 22/27 | €147,197 | €139,123 | -€8,074 | -5.5% |
| Land and buildings | 22 | €145,274 | €138,154 | -€7,120 | -4.9% |
| Plant, machinery and equipment | 23 | €541 | €527 | -€14 | -2.6% |
| Furniture and vehicles | 24 | €1,382 | €442 | -€940 | -68.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €130,664 | €146,003 | +€15,339 | +11.7% |
| Stocks and contracts in progress | 3 | €90,650 | €44,150 | -€46,500 | -51.3% |
| Stocks | 30/36 | €90,650 | €44,150 | -€46,500 | -51.3% |
| Amounts receivable within one year | 40/41 | €7,455 | €14,797 | +€7,342 | +98.5% |
| Trade receivables | 40 | €1,489 | €14,522 | +€13,033 | +876% |
| Other amounts receivable | 41 | €5,967 | €275 | -€5,692 | -95.4% |
| Cash at bank and in hand | 54/58 | €30,186 | €84,646 | +€54,461 | +180% |
| Deferred charges and accrued income | 490/1 | €2,373 | €2,410 | +€36 | +1.5% |
| Total equity and liabilities | 10/49 | €277,911 | €285,176 | +€7,265 | +2.6% |
| Equity | 10/15 | €238,879 | €247,956 | +€9,077 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,428 | €13,428 | = | 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 | €11,568 | €11,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,251 | €228,328 | +€9,077 | +4.1% |
| Amounts payable | 17/49 | €39,032 | €37,219 | -€1,812 | -4.6% |
| Amounts payable within one year | 42/48 | €39,032 | €37,219 | -€1,812 | -4.6% |
| Trade debts | 44 | €18,284 | €14,258 | -€4,026 | -22.0% |
| Suppliers | 440/4 | €18,284 | €14,258 | -€4,026 | -22.0% |
| Taxes, remuneration and social security | 45 | €13,389 | €17,638 | +€4,249 | +31.7% |
| Taxes | 450/3 | - | €6,460 | +€6,460 | |
| Remuneration and social security | 454/9 | €13,389 | €11,178 | -€2,211 | -16.5% |
| Other amounts payable | 47/48 | €7,359 | €5,324 | -€2,035 | -27.7% |
| Turnover | 70 | €264,062 | €264,420 | +€358 | +0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €204,442 | €150,319 | -€54,123 | -26.5% |
| Remuneration, social security and pensions | 62 | €43,808 | €45,706 | +€1,898 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,108 | €8,604 | -€5,504 | -39.0% |
| Other operating charges | 640/8 | €6,649 | €6,800 | +€151 | +2.3% |
| Gross operating margin | 9900 | €67,640 | €76,051 | +€8,411 | +12.4% |
| Operating profit (loss) | 9901 | €3,075 | €14,942 | +€11,866 | +386% |
| Financial income | 75/76B | €2,812 | €656 | -€2,156 | -76.7% |
| Recurring financial income | 75 | €2,812 | €656 | -€2,156 | -76.7% |
| Financial charges | 65/66B | €211 | €453 | +€242 | +115% |
| Recurring financial charges | 65 | €211 | €453 | +€242 | +115% |
| Profit (loss) for the period before taxes | 9903 | €5,677 | €15,144 | +€9,468 | +167% |
| Income taxes | 67/77 | €3,000 | €6,068 | +€3,068 | +102% |
| Profit (loss) for the period | 9904 | €2,677 | €9,077 | +€6,400 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €2,677 | €9,077 | +€6,400 | +239% |
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 14 October 2026 via checked.be.