VAN GARSSE DC: 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.
VAN GARSSE DC
Largest movements
- Receivables within one year -€9,794
no longer reported in 2025 (was €9,794)
of which Trade receivables: -€5,687
- Tangible fixed assets -€6,846
down €6,846 (-25.4%), from €26,990 to €20,144
- Cash +€6,339
up €6,339 (+237.8%), from €2,666 to €9,004
mainly Receivables within one year (+€9,794) and Net result for the year (+€7,309)
- Debts after one year -€18,368
down €18,368 (-14.5%), from €126,983 to €108,615
- Profit (loss) carried forward +€7,309
up €7,309 (+5.5%), from -€133,840 to -€126,531
- Other debts +€2,447
new in 2025: €2,447
- Tax, wage and social debts -€1,440
down €1,440 (-29.4%), from €4,902 to €3,462
- Trade debts -€983
down €983 (-12.0%), from €8,179 to €7,196
- Write-downs -€150,000
no longer reported in 2025 (was €150,000)
- Gross operating margin -€26,548
down €26,548 (-53.5%), from €49,644 to €23,097
- Other operating charges -€14,607
down €14,607 (-96.9%), from €15,081 to €474
- Financial charges -€2,779
down €2,779 (-24.7%), from €11,231 to €8,452
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.
Cash bridge derived
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 | €39,770 | €29,491 | -€10,279 | -25.8% |
| Fixed assets | 21/28 | €26,990 | €20,144 | -€6,846 | -25.4% |
| Tangible fixed assets | 22/27 | €26,990 | €20,144 | -€6,846 | -25.4% |
| Leasing and similar rights | 25 | €26,990 | €20,144 | -€6,846 | -25.4% |
| Current assets | 29/58 | €12,780 | €9,347 | -€3,434 | -26.9% |
| Amounts receivable within one year | 40/41 | €9,794 | - | -€9,794 | |
| Trade receivables | 40 | €5,687 | - | -€5,687 | |
| Other amounts receivable | 41 | €4,107 | - | -€4,107 | |
| Cash at bank and in hand | 54/58 | €2,666 | €9,004 | +€6,339 | +237.8% |
| Deferred charges and accrued income | 490/1 | €321 | €342 | +€21 | +6.6% |
| Total equity and liabilities | 10/49 | €39,770 | €29,491 | -€10,279 | -25.8% |
| Equity | 10/15 | -€118,840 | -€111,531 | +€7,309 | +6.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,840 | -€126,531 | +€7,309 | +5.5% |
| Amounts payable | 17/49 | €158,610 | €141,022 | -€17,589 | -11.1% |
| Amounts payable after more than one year | 17 | €126,983 | €108,615 | -€18,368 | -14.5% |
| Financial debts | 170/4 | €126,983 | €108,615 | -€18,368 | -14.5% |
| Amounts payable within one year | 42/48 | €31,627 | €32,407 | +€779 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €18,337 | €19,301 | +€964 | +5.3% |
| Financial debts | 43 | €208 | - | -€208 | |
| Credit institutions | 430/8 | €208 | - | -€208 | |
| Trade debts | 44 | €8,179 | €7,196 | -€983 | -12.0% |
| Suppliers | 440/4 | €8,179 | €7,196 | -€983 | -12.0% |
| Taxes, remuneration and social security | 45 | €4,902 | €3,462 | -€1,440 | -29.4% |
| Taxes | 450/3 | €4,902 | €3,462 | -€1,440 | -29.4% |
| Other amounts payable | 47/48 | - | €2,447 | +€2,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,238 | €6,846 | -€393 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150,000 | - | -€150,000 | |
| Other operating charges | 640/8 | €15,081 | €474 | -€14,607 | -96.9% |
| Gross operating margin | 9900 | €49,644 | €23,097 | -€26,548 | -53.5% |
| Operating profit (loss) | 9901 | -€122,675 | €15,777 | +€138,453 | |
| Financial income | 75/76B | €200 | €114 | -€86 | -43.1% |
| Recurring financial income | 75 | €200 | €114 | -€86 | -43.1% |
| Financial charges | 65/66B | €11,231 | €8,452 | -€2,779 | -24.7% |
| Recurring financial charges | 65 | €11,231 | €8,452 | -€2,779 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€133,707 | €7,439 | +€141,146 | |
| Income taxes | 67/77 | €134 | €130 | -€4 | -2.9% |
| Profit (loss) for the period | 9904 | -€133,840 | €7,309 | +€141,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,840 | €7,309 | +€141,149 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.