FM GARAGE: 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.
FM GARAGE
Largest movements
- Receivables within one year +€59,371
up €59,371 (+667%), from €8,898 to €68,269
of which Trade receivables: +€59,223
- Stocks and contracts +€15,361
new in 2024: €15,361
- Tangible fixed assets +€7,157
new in 2024: €7,157
- Formation expenses -€1,368
no longer reported in 2024 (was €1,368)
- Cash +€1,163
up €1,163 (+124%), from €935 to €2,098
mainly Trade debts (+€53,469) and Other debts (+€25,406)
- Trade debts +€53,469
up €53,469 (+740%), from €7,229 to €60,699
- Other debts +€25,406
up €25,406 (+105%), from €24,088 to €49,494
- Profit (loss) carried forward +€2,348
up €2,348 (+9.1%), from -€25,797 to -€23,449
- Gross operating margin +€4,882
up €4,882, from -€343 to €4,540
- Depreciation +€1,401
new in 2024: €1,401
- Other operating charges -€723
down €723 (-64.1%), from €1,128 to €405
- Financial charges +€246
up €246 (+175%), from €140 to €386
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.
Derived cash bridge
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 | €11,662 | €92,886 | +€81,224 | +696% |
| Formation expenses | 20 | €1,368 | - | -€1,368 | |
| Fixed assets | 21/28 | - | €7,157 | +€7,157 | |
| Tangible fixed assets | 22/27 | - | €7,157 | +€7,157 | |
| Furniture and vehicles | 24 | - | €7,157 | +€7,157 | |
| Current assets | 29/58 | €10,294 | €85,728 | +€75,434 | +733% |
| Stocks and contracts in progress | 3 | - | €15,361 | +€15,361 | |
| Stocks | 30/36 | - | €15,361 | +€15,361 | |
| Amounts receivable within one year | 40/41 | €8,898 | €68,269 | +€59,371 | +667% |
| Trade receivables | 40 | €6,788 | €66,012 | +€59,223 | +872% |
| Other amounts receivable | 41 | €2,110 | €2,258 | +€148 | +7.0% |
| Cash at bank and in hand | 54/58 | €935 | €2,098 | +€1,163 | +124% |
| Deferred charges and accrued income | 490/1 | €461 | - | -€461 | |
| Total equity and liabilities | 10/49 | €11,662 | €92,886 | +€81,224 | +696% |
| Equity | 10/15 | -€22,797 | -€20,449 | +€2,348 | +10.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,797 | -€23,449 | +€2,348 | +9.1% |
| Amounts payable | 17/49 | €34,459 | €113,334 | +€78,876 | +229% |
| Amounts payable within one year | 42/48 | €34,459 | €113,334 | +€78,876 | +229% |
| Trade debts | 44 | €7,229 | €60,699 | +€53,469 | +740% |
| Suppliers | 440/4 | €7,229 | €60,699 | +€53,469 | +740% |
| Taxes, remuneration and social security | 45 | €3,142 | €3,142 | = | 0.0% |
| Taxes | 450/3 | €3,142 | €3,142 | = | 0.0% |
| Other amounts payable | 47/48 | €24,088 | €49,494 | +€25,406 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,401 | +€1,401 | |
| Other operating charges | 640/8 | €1,128 | €405 | -€723 | -64.1% |
| Gross operating margin | 9900 | -€343 | €4,540 | +€4,882 | |
| Operating profit (loss) | 9901 | -€1,471 | €2,734 | +€4,205 | |
| Financial charges | 65/66B | €140 | €386 | +€246 | +175% |
| Recurring financial charges | 65 | €140 | €386 | +€246 | +175% |
| Profit (loss) for the period before taxes | 9903 | -€1,611 | €2,348 | +€3,959 | |
| Profit (loss) for the period | 9904 | -€1,611 | €2,348 | +€3,959 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,611 | €2,348 | +€3,959 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.