DE GARAGE: 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.
DE GARAGE
Largest movements
- Cash -€25,090
down €25,090 (-44.0%), from €57,013 to €31,923
mainly Debts after one year (-€27,574) and Investment in fixed assets (net) (-€20,661)
- Tangible fixed assets -€18,888
down €18,888 (-4.7%), from €398,397 to €379,509
of which Land and buildings: -€28,048
- Receivables within one year -€17,417
down €17,417 (-30.7%), from €56,729 to €39,312
of which Trade receivables: -€20,767
- Stocks and contracts +€9,084
new in 2025: €9,084
- Debts after one year -€27,574
down €27,574 (-9.4%), from €293,629 to €266,056
- Other debts -€12,182
down €12,182 (-24.2%), from €50,339 to €38,157
- Gross operating margin -€40,688
down €40,688 (-41.9%), from €97,199 to €56,511
- Taxes -€12,960
down €12,960 (-95.2%), from €13,610 to €650
- Financial charges -€3,430
down €3,430 (-28.4%), from €12,073 to €8,643
- Staff costs -€3,317
down €3,317 (-46.3%), from €7,157 to €3,840
- Depreciation +€1,561
up €1,561 (+4.1%), from €37,988 to €39,549
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 | €512,225 | €459,848 | -€52,377 | -10.2% |
| Fixed assets | 21/28 | €398,397 | €379,509 | -€18,888 | -4.7% |
| Tangible fixed assets | 22/27 | €398,397 | €379,509 | -€18,888 | -4.7% |
| Land and buildings | 22 | €383,326 | €355,278 | -€28,048 | -7.3% |
| Plant, machinery and equipment | 23 | €6,420 | €3,210 | -€3,210 | -50.0% |
| Furniture and vehicles | 24 | €8,651 | €21,021 | +€12,371 | +143.0% |
| Current assets | 29/58 | €113,828 | €80,339 | -€33,489 | -29.4% |
| Stocks and contracts in progress | 3 | - | €9,084 | +€9,084 | |
| Stocks | 30/36 | - | €9,084 | +€9,084 | |
| Amounts receivable within one year | 40/41 | €56,729 | €39,312 | -€17,417 | -30.7% |
| Trade receivables | 40 | €56,729 | €35,962 | -€20,767 | -36.6% |
| Other amounts receivable | 41 | - | €3,350 | +€3,350 | |
| Cash at bank and in hand | 54/58 | €57,013 | €31,923 | -€25,090 | -44.0% |
| Deferred charges and accrued income | 490/1 | €86 | €20 | -€66 | -76.5% |
| Total equity and liabilities | 10/49 | €512,225 | €459,848 | -€52,377 | -10.2% |
| Equity | 10/15 | €107,169 | €107,528 | +€359 | +0.3% |
| Contributions | 10/11 | €9,750 | €9,750 | = | 0.0% |
| Reserves | 13 | €85,759 | €85,759 | = | 0.0% |
| Distributable reserves | 133 | €85,759 | €85,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,660 | €12,019 | +€359 | +3.1% |
| Amounts payable | 17/49 | €405,056 | €352,320 | -€52,736 | -13.0% |
| Amounts payable after more than one year | 17 | €293,629 | €266,056 | -€27,574 | -9.4% |
| Financial debts | 170/4 | €293,629 | €266,056 | -€27,574 | -9.4% |
| Amounts payable within one year | 42/48 | €98,795 | €76,558 | -€22,237 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €32,680 | €27,574 | -€5,106 | -15.6% |
| Trade debts | 44 | €2,438 | €1,717 | -€721 | -29.6% |
| Suppliers | 440/4 | €2,438 | €1,717 | -€721 | -29.6% |
| Advances received on contracts in progress | 46 | €493 | - | -€493 | |
| Taxes, remuneration and social security | 45 | €12,846 | €9,110 | -€3,735 | -29.1% |
| Taxes | 450/3 | €12,846 | €9,110 | -€3,735 | -29.1% |
| Other amounts payable | 47/48 | €50,339 | €38,157 | -€12,182 | -24.2% |
| Accrued charges and deferred income | 492/3 | €12,632 | €9,707 | -€2,925 | -23.2% |
| Remuneration, social security and pensions | 62 | €7,157 | €3,840 | -€3,317 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,988 | €39,549 | +€1,561 | +4.1% |
| Other operating charges | 640/8 | €2,907 | €3,471 | +€564 | +19.4% |
| Gross operating margin | 9900 | €97,199 | €56,511 | -€40,688 | -41.9% |
| Operating profit (loss) | 9901 | €49,148 | €9,652 | -€39,496 | -80.4% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €12,073 | €8,643 | -€3,430 | -28.4% |
| Recurring financial charges | 65 | €12,073 | €8,643 | -€3,430 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €37,129 | €1,009 | -€36,120 | -97.3% |
| Income taxes | 67/77 | €13,610 | €650 | -€12,960 | -95.2% |
| Profit (loss) for the period | 9904 | €23,518 | €359 | -€23,159 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,518 | €359 | -€23,159 | -98.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.