GARAGE 16: 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.
GARAGE 16
Largest movements
- Cash +€154,129
up €154,129 (+31.6%), from €487,306 to €641,435
mainly Net result for the year (+€172,253) and Receivables within one year (+€106,498)
- Receivables within one year -€106,498
down €106,498 (-51.9%), from €205,016 to €98,518
of which Trade receivables: -€56,375
- Tangible fixed assets +€33,266
up €33,266 (+10.7%), from €310,458 to €343,724
of which Furniture and vehicles: +€54,247
- Intangible fixed assets -€20,304
down €20,304 (-12.5%), from €162,288 to €141,984
- Profit (loss) carried forward +€128,221
up €128,221 (+25.1%), from €511,021 to €639,242
- Trade debts +€101,846
up €101,846 (+118%), from €86,652 to €188,499
- Other debts -€83,978
down €83,978 (-94.9%), from €88,485 to €4,507
- Tax, wage and social debts -€76,529
down €76,529 (-63.1%), from €121,194 to €44,665
of which Taxes: -€80,239
- Debts after one year -€20,504
down €20,504 (-12.7%), from €161,691 to €141,188
- Gross operating margin +€130,273
up €130,273 (+41.4%), from €314,616 to €444,889
- Taxes +€22,998
up €22,998 (+118%), from €19,527 to €42,524
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 | €1,201,611 | €1,249,958 | +€48,346 | +4.0% |
| Fixed assets | 21/28 | €473,115 | €486,077 | +€12,962 | +2.7% |
| Intangible fixed assets | 21 | €162,288 | €141,984 | -€20,304 | -12.5% |
| Tangible fixed assets | 22/27 | €310,458 | €343,724 | +€33,266 | +10.7% |
| Land and buildings | 22 | €242,513 | €229,297 | -€13,216 | -5.4% |
| Plant, machinery and equipment | 23 | €9,728 | €4,050 | -€5,677 | -58.4% |
| Furniture and vehicles | 24 | €40,193 | €94,440 | +€54,247 | +135% |
| Other tangible fixed assets | 26 | €18,024 | €15,937 | -€2,088 | -11.6% |
| Financial fixed assets | 28 | €368 | €368 | = | 0.0% |
| Current assets | 29/58 | €728,497 | €763,881 | +€35,384 | +4.9% |
| Stocks and contracts in progress | 3 | €18,100 | €18,100 | = | 0.0% |
| Stocks | 30/36 | €18,100 | €18,100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €205,016 | €98,518 | -€106,498 | -51.9% |
| Trade receivables | 40 | €154,894 | €98,518 | -€56,375 | -36.4% |
| Other amounts receivable | 41 | €50,122 | - | -€50,122 | |
| Cash at bank and in hand | 54/58 | €487,306 | €641,435 | +€154,129 | +31.6% |
| Deferred charges and accrued income | 490/1 | €18,075 | €5,827 | -€12,247 | -67.8% |
| Total equity and liabilities | 10/49 | €1,201,611 | €1,249,958 | +€48,346 | +4.0% |
| Equity | 10/15 | €705,762 | €833,983 | +€128,221 | +18.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €166,255 | €166,255 | = | 0.0% |
| Reserves | 13 | €9,894 | €9,894 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,035 | €8,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | €511,021 | €639,242 | +€128,221 | +25.1% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €15,000 | +€15,000 | |
| Environmental obligations | 163 | €15,000 | - | -€15,000 | |
| Amounts payable | 17/49 | €480,849 | €400,975 | -€79,874 | -16.6% |
| Amounts payable after more than one year | 17 | €161,691 | €141,188 | -€20,504 | -12.7% |
| Financial debts | 170/4 | €161,691 | €141,188 | -€20,504 | -12.7% |
| Amounts payable within one year | 42/48 | €317,990 | €259,787 | -€58,203 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €21,659 | €22,117 | +€458 | +2.1% |
| Trade debts | 44 | €86,652 | €188,499 | +€101,846 | +118% |
| Suppliers | 440/4 | €86,652 | €188,499 | +€101,846 | +118% |
| Taxes, remuneration and social security | 45 | €121,194 | €44,665 | -€76,529 | -63.1% |
| Taxes | 450/3 | €88,912 | €8,674 | -€80,239 | -90.2% |
| Remuneration and social security | 454/9 | €32,282 | €35,991 | +€3,710 | +11.5% |
| Other amounts payable | 47/48 | €88,485 | €4,507 | -€83,978 | -94.9% |
| Accrued charges and deferred income | 492/3 | €1,168 | - | -€1,168 | |
| Remuneration, social security and pensions | 62 | €135,717 | €134,459 | -€1,258 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,642 | €71,647 | +€2,005 | +2.9% |
| Other operating charges | 640/8 | €13,511 | €10,273 | -€3,238 | -24.0% |
| Non-recurring operating charges | 66A | - | €7,112 | +€7,112 | |
| Gross operating margin | 9900 | €314,616 | €444,889 | +€130,273 | +41.4% |
| Operating profit (loss) | 9901 | €95,747 | €221,398 | +€125,651 | +131% |
| Financial income | 75/76B | €1,692 | €1,234 | -€458 | -27.1% |
| Recurring financial income | 75 | €1,692 | €1,234 | -€458 | -27.1% |
| Financial charges | 65/66B | €5,952 | €7,855 | +€1,903 | +32.0% |
| Recurring financial charges | 65 | €5,952 | €7,855 | +€1,903 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €91,487 | €214,777 | +€123,290 | +135% |
| Income taxes | 67/77 | €19,527 | €42,524 | +€22,998 | +118% |
| Profit (loss) for the period | 9904 | €71,960 | €172,253 | +€100,292 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €71,960 | €172,253 | +€100,292 | +139% |
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 25 October 2026 via checked.be.