'T GAREELKE: 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.
'T GAREELKE
Largest movements
- Current investments -€13,723
down €13,723 (-100%), from €13,723 to €0
- Cash +€9,046
up €9,046 (+280%), from €3,235 to €12,281
mainly Current investments (+€13,723) and Other debts (+€8,090)
- Tangible fixed assets -€7,681
down €7,681 (-30.5%), from €25,165 to €17,484
of which Furniture and vehicles: -€6,090
- Profit (loss) carried forward -€19,736
down €19,736 (-35.0%), from -€56,442 to -€76,178
- Other debts +€8,090
up €8,090 (+10.9%), from €74,498 to €82,588
- Trade debts -€479
down €479 (-91.4%), from €524 to €45
- Depreciation -€295
down €295 (-3.7%), from €7,976 to €7,681
- Other operating charges -€210
down €210 (-26.6%), from €789 to €579
- Financial income +€152
up €152 (+1,014%), from €15 to €167
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 | €43,654 | €31,493 | -€12,160 | -27.9% |
| Fixed assets | 21/28 | €25,165 | €17,484 | -€7,681 | -30.5% |
| Tangible fixed assets | 22/27 | €25,165 | €17,484 | -€7,681 | -30.5% |
| Plant, machinery and equipment | 23 | €5,206 | €3,616 | -€1,590 | -30.5% |
| Furniture and vehicles | 24 | €19,958 | €13,868 | -€6,090 | -30.5% |
| Current assets | 29/58 | €18,489 | €14,010 | -€4,480 | -24.2% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €399 | €569 | +€170 | +42.6% |
| Other amounts receivable | 41 | €399 | €569 | +€170 | +42.6% |
| Current investments | 50/53 | €13,723 | €0 | -€13,723 | -100% |
| Cash at bank and in hand | 54/58 | €3,235 | €12,281 | +€9,046 | +280% |
| Deferred charges and accrued income | 490/1 | €632 | €660 | +€28 | +4.4% |
| Total equity and liabilities | 10/49 | €43,654 | €31,493 | -€12,160 | -27.9% |
| Equity | 10/15 | -€31,546 | -€51,282 | -€19,736 | -62.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,304 | €6,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Distributable reserves | 133 | €4,445 | €6,304 | +€1,859 | +41.8% |
| Profit (loss) carried forward | 14 | -€56,442 | -€76,178 | -€19,736 | -35.0% |
| Amounts payable | 17/49 | €75,200 | €82,775 | +€7,576 | +10.1% |
| Amounts payable within one year | 42/48 | €75,200 | €82,775 | +€7,576 | +10.1% |
| Trade debts | 44 | €524 | €45 | -€479 | -91.4% |
| Suppliers | 440/4 | €524 | €45 | -€479 | -91.4% |
| Taxes, remuneration and social security | 45 | €178 | €143 | -€36 | -19.9% |
| Taxes | 450/3 | €178 | €143 | -€36 | -19.9% |
| Other amounts payable | 47/48 | €74,498 | €82,588 | +€8,090 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,976 | €7,681 | -€295 | -3.7% |
| Other operating charges | 640/8 | €789 | €579 | -€210 | -26.6% |
| Non-recurring operating charges | 66A | €247 | €2,148 | +€1,901 | +770% |
| Gross operating margin | 9900 | -€8,924 | -€8,984 | -€60 | -0.7% |
| Operating profit (loss) | 9901 | -€17,936 | -€19,391 | -€1,456 | -8.1% |
| Financial income | 75/76B | €15 | €167 | +€152 | +1,014% |
| Recurring financial income | 75 | €15 | €167 | +€152 | +1,014% |
| Financial charges | 65/66B | €293 | €369 | +€76 | +26.0% |
| Recurring financial charges | 65 | €293 | €369 | +€76 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,214 | -€19,593 | -€1,379 | -7.6% |
| Income taxes | 67/77 | €169 | €143 | -€27 | -15.7% |
| Profit (loss) for the period | 9904 | -€18,383 | -€19,736 | -€1,353 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,383 | -€19,736 | -€1,353 | -7.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.