GARAGE 44: 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.
What changed
GARAGE 44
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,979
2024 · -€19,621+€12,642
Equity
€145,013
2024 · €151,992-€6,979
Cash
-
not filed
Balance sheet total
€469,620
2024 · €518,247-€48,627
Largest movements
Assets
- Tangible fixed assets -€53,309
down €53,309 (-12.2%), from €435,403 to €382,094
- Stocks and contracts +€8,590
up €8,590 (+12.5%), from €68,682 to €77,272
Equity and liabilities
- Reserves -€20,373
down €20,373 (-8.9%), from €229,231 to €208,858
of which Tax-exempt reserves: -€20,373
- Debts after one year -€19,630
down €19,630 (-25.0%), from €78,519 to €58,889
- Trade debts -€18,080
down €18,080 (-26.7%), from €67,674 to €49,594
- Profit (loss) carried forward +€13,394
up €13,394 (+14.0%), from -€95,830 to -€82,437
- Current portion of long-term debt -€10,876
down €10,876 (-41.6%), from €26,132 to €15,256
Income statement
- Turnover +€115,298
up €115,298 (+33.2%), from €346,829 to €462,128
- Purchases and services +€113,078
up €113,078 (+36.7%), from €307,886 to €420,965
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.
Result 2024
-€19,621
Gross operating margin
+€2,105
Depreciation
+€4,392
Other operating charges
+€3,680
Financial income
+€4,578
Financial charges
-€1,856
Deferred taxes and other
-€257
Result 2025
-€6,979
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,247 | €469,620 | -€48,627 | -9.4% |
| Fixed assets | 21/28 | €435,403 | €382,094 | -€53,309 | -12.2% |
| Tangible fixed assets | 22/27 | €435,403 | €382,094 | -€53,309 | -12.2% |
| Land and buildings | 22 | €362,357 | €337,245 | -€25,113 | -6.9% |
| Plant, machinery and equipment | 23 | €37,048 | €28,943 | -€8,105 | -21.9% |
| Furniture and vehicles | 24 | €11,677 | €7,454 | -€4,223 | -36.2% |
| Leasing and similar rights | 25 | €24,321 | €8,452 | -€15,869 | -65.2% |
| Current assets | 29/58 | €82,844 | €87,526 | +€4,682 | +5.7% |
| Stocks and contracts in progress | 3 | €68,682 | €77,272 | +€8,590 | +12.5% |
| Stocks | 30/36 | €68,682 | €77,272 | +€8,590 | +12.5% |
| Amounts receivable within one year | 40/41 | €12,701 | €8,943 | -€3,758 | -29.6% |
| Trade receivables | 40 | €12,701 | €8,943 | -€3,758 | -29.6% |
| Deferred charges and accrued income | 490/1 | €1,461 | €1,311 | -€150 | -10.2% |
| Total equity and liabilities | 10/49 | €518,247 | €469,620 | -€48,627 | -9.4% |
| Equity | 10/15 | €151,992 | €145,013 | -€6,979 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €229,231 | €208,858 | -€20,373 | -8.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €224,645 | €204,272 | -€20,373 | -9.1% |
| Distributable reserves | 133 | €2,727 | €2,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,830 | -€82,437 | +€13,394 | +14.0% |
| Provisions and deferred taxes | 16 | €94,362 | €85,805 | -€8,558 | -9.1% |
| Deferred taxes | 168 | €94,362 | €85,805 | -€8,558 | -9.1% |
| Amounts payable | 17/49 | €271,893 | €238,803 | -€33,090 | -12.2% |
| Amounts payable after more than one year | 17 | €78,519 | €58,889 | -€19,630 | -25.0% |
| Financial debts | 170/4 | €78,519 | €58,889 | -€19,630 | -25.0% |
| Amounts payable within one year | 42/48 | €193,373 | €179,914 | -€13,460 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €26,132 | €15,256 | -€10,876 | -41.6% |
| Financial debts | 43 | €33,499 | €39,017 | +€5,518 | +16.5% |
| Credit institutions | 430/8 | €25,293 | €30,720 | +€5,427 | +21.5% |
| Other loans | 439 | €8,206 | €8,297 | +€91 | +1.1% |
| Trade debts | 44 | €67,674 | €49,594 | -€18,080 | -26.7% |
| Suppliers | 440/4 | €67,674 | €49,594 | -€18,080 | -26.7% |
| Taxes, remuneration and social security | 45 | €460 | €247 | -€213 | -46.4% |
| Remuneration and social security | 454/9 | €460 | €247 | -€213 | -46.4% |
| Other amounts payable | 47/48 | €65,608 | €75,800 | +€10,192 | +15.5% |
| Turnover | 70 | €346,829 | €462,128 | +€115,298 | +33.2% |
| Non-recurring operating income | 76A | €115 | - | -€115 | |
| Goods, raw materials, services and sundry goods | 60/61 | €307,886 | €420,965 | +€113,078 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,835 | €48,443 | -€4,392 | -8.3% |
| Other operating charges | 640/8 | €8,981 | €5,301 | -€3,680 | -41.0% |
| Gross operating margin | 9900 | €39,058 | €41,163 | +€2,105 | +5.4% |
| Operating profit (loss) | 9901 | -€22,758 | -€12,581 | +€10,177 | +44.7% |
| Financial income | 75/76B | €307 | €4,884 | +€4,578 | +1,493% |
| Recurring financial income | 75 | €307 | €4,884 | +€4,578 | +1,493% |
| Financial charges | 65/66B | €5,985 | €7,840 | +€1,856 | +31.0% |
| Recurring financial charges | 65 | €5,985 | €7,840 | +€1,856 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,436 | -€15,537 | +€12,899 | +45.4% |
| Transfer from deferred taxes | 780 | €8,814 | €8,558 | -€257 | -2.9% |
| Profit (loss) for the period | 9904 | -€19,621 | -€6,979 | +€12,642 | +64.4% |
| Transfer from tax-exempt reserves | 789 | €20,984 | €20,373 | -€611 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,363 | €13,394 | +€12,031 | +883% |
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 19 October 2026 via checked.be.