GARAGE 23: 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 23
Largest movements
- Cash -€25,777
down €25,777 (-39.0%), from €66,148 to €40,371
mainly Investment in fixed assets (net) (-€22,498) and Tax, wage and social debts (-€14,452)
- Tangible fixed assets +€19,513
up €19,513 (+333%), from €5,862 to €25,375
of which Furniture and vehicles: +€19,985
- Receivables within one year -€13,817
down €13,817 (-27.8%), from €49,655 to €35,838
of which Trade receivables: -€12,434
- Stocks and contracts +€1,650
up €1,650 (+8.5%), from €19,300 to €20,950
- Tax, wage and social debts -€14,452
down €14,452 (-83.5%), from €17,310 to €2,858
of which Taxes: -€14,052
- Trade debts -€8,548
down €8,548 (-29.1%), from €29,416 to €20,868
- Reserves +€8,000
up €8,000 (+25.9%), from €30,860 to €38,860
of which Distributable reserves: +€9,860
- Other debts -€5,285
down €5,285 (-12.1%), from €43,608 to €38,323
- Profit (loss) carried forward +€1,819
up €1,819 (+151%), from €1,206 to €3,025
- Gross operating margin -€20,665
down €20,665 (-52.2%), from €39,558 to €18,893
- Write-downs -€7,081
down €7,081, from €3,540 to -€3,540
- Taxes -€1,233
down €1,233 (-19.2%), from €6,418 to €5,185
- Other operating charges -€945
down €945 (-19.0%), from €4,981 to €4,036
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 | €141,000 | €122,534 | -€18,465 | -13.1% |
| Fixed assets | 21/28 | €5,862 | €25,375 | +€19,513 | +333% |
| Tangible fixed assets | 22/27 | €5,862 | €25,375 | +€19,513 | +333% |
| Plant, machinery and equipment | 23 | €4,598 | €4,765 | +€167 | +3.6% |
| Furniture and vehicles | 24 | - | €19,985 | +€19,985 | |
| Other tangible fixed assets | 26 | €1,264 | €625 | -€639 | -50.6% |
| Current assets | 29/58 | €135,138 | €97,159 | -€37,979 | -28.1% |
| Stocks and contracts in progress | 3 | €19,300 | €20,950 | +€1,650 | +8.5% |
| Stocks | 30/36 | €19,300 | €20,950 | +€1,650 | +8.5% |
| Amounts receivable within one year | 40/41 | €49,655 | €35,838 | -€13,817 | -27.8% |
| Trade receivables | 40 | €44,628 | €32,194 | -€12,434 | -27.9% |
| Other amounts receivable | 41 | €5,027 | €3,644 | -€1,383 | -27.5% |
| Cash at bank and in hand | 54/58 | €66,148 | €40,371 | -€25,777 | -39.0% |
| Deferred charges and accrued income | 490/1 | €35 | - | -€35 | |
| Total equity and liabilities | 10/49 | €141,000 | €122,534 | -€18,465 | -13.1% |
| Equity | 10/15 | €50,666 | €60,485 | +€9,819 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €30,860 | €38,860 | +€8,000 | +25.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €29,000 | €38,860 | +€9,860 | +34.0% |
| Profit (loss) carried forward | 14 | €1,206 | €3,025 | +€1,819 | +151% |
| Amounts payable | 17/49 | €90,334 | €62,049 | -€28,284 | -31.3% |
| Amounts payable within one year | 42/48 | €90,334 | €62,049 | -€28,284 | -31.3% |
| Trade debts | 44 | €29,416 | €20,868 | -€8,548 | -29.1% |
| Suppliers | 440/4 | €29,416 | €20,868 | -€8,548 | -29.1% |
| Taxes, remuneration and social security | 45 | €17,310 | €2,858 | -€14,452 | -83.5% |
| Taxes | 450/3 | €16,910 | €2,858 | -€14,052 | -83.1% |
| Remuneration and social security | 454/9 | €400 | - | -€400 | |
| Other amounts payable | 47/48 | €43,608 | €38,323 | -€5,285 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,833 | €2,985 | +€152 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,540 | -€3,540 | -€7,081 | |
| Other operating charges | 640/8 | €4,981 | €4,036 | -€945 | -19.0% |
| Gross operating margin | 9900 | €39,558 | €18,893 | -€20,665 | -52.2% |
| Operating profit (loss) | 9901 | €28,204 | €15,413 | -€12,791 | -45.4% |
| Financial income | 75/76B | €83 | €24 | -€60 | -71.6% |
| Recurring financial income | 75 | €83 | €24 | -€60 | -71.6% |
| Financial charges | 65/66B | €338 | €432 | +€94 | +27.9% |
| Recurring financial charges | 65 | €338 | €432 | +€94 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €27,949 | €15,004 | -€12,945 | -46.3% |
| Income taxes | 67/77 | €6,418 | €5,185 | -€1,233 | -19.2% |
| Profit (loss) for the period | 9904 | €21,532 | €9,819 | -€11,712 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,532 | €9,819 | -€11,712 | -54.4% |
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 16 October 2026 via checked.be.