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.
GARAGE 44
Largest movements
- Cash +€7,949
up €7,949 (+787%), from €1,011 to €8,959
mainly Net result for the year (+€13,742) and Tax, wage and social debts (+€3,288)
- Tangible fixed assets +€1,455
up €1,455 (+187%), from €779 to €2,234
- Receivables within one year -€243
down €243 (-100%), from €243 to €0
- Profit (loss) carried forward +€13,742
up €13,742 (+42.5%), from -€32,304 to -€18,563
- Other debts -€10,450
down €10,450 (-45.4%), from €23,016 to €12,566
- Tax, wage and social debts +€3,288
up €3,288 (+94.9%), from €3,464 to €6,752
of which Taxes: +€2,771
- Trade debts +€2,580
up €2,580 (+66.9%), from €3,857 to €6,438
- Gross operating margin +€44,721
up €44,721, from -€13,067 to €31,654
- Staff costs +€10,157
up €10,157 (+148%), from €6,880 to €17,037
- Other operating charges -€5,379
down €5,379 (-96.8%), from €5,558 to €179
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 | €2,033 | €11,193 | +€9,160 | +451% |
| Fixed assets | 21/28 | €779 | €2,234 | +€1,455 | +187% |
| Tangible fixed assets | 22/27 | €779 | €2,234 | +€1,455 | +187% |
| Plant, machinery and equipment | 23 | €779 | €2,234 | +€1,455 | +187% |
| Current assets | 29/58 | €1,254 | €8,959 | +€7,705 | +615% |
| Amounts receivable within one year | 40/41 | €243 | €0 | -€243 | -100% |
| Trade receivables | 40 | €243 | €0 | -€243 | -100% |
| Cash at bank and in hand | 54/58 | €1,011 | €8,959 | +€7,949 | +787% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,033 | €11,193 | +€9,160 | +451% |
| Equity | 10/15 | -€28,304 | -€14,563 | +€13,742 | +48.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,304 | -€18,563 | +€13,742 | +42.5% |
| Amounts payable | 17/49 | €30,337 | €25,756 | -€4,582 | -15.1% |
| Amounts payable within one year | 42/48 | €30,337 | €25,756 | -€4,582 | -15.1% |
| Trade debts | 44 | €3,857 | €6,438 | +€2,580 | +66.9% |
| Suppliers | 440/4 | €3,857 | €6,438 | +€2,580 | +66.9% |
| Taxes, remuneration and social security | 45 | €3,464 | €6,752 | +€3,288 | +94.9% |
| Taxes | 450/3 | €609 | €3,379 | +€2,771 | +455% |
| Remuneration and social security | 454/9 | €2,855 | €3,373 | +€518 | +18.1% |
| Other amounts payable | 47/48 | €23,016 | €12,566 | -€10,450 | -45.4% |
| Remuneration, social security and pensions | 62 | €6,880 | €17,037 | +€10,157 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €377 | +€29 | +8.4% |
| Other operating charges | 640/8 | €5,558 | €179 | -€5,379 | -96.8% |
| Gross operating margin | 9900 | -€13,067 | €31,654 | +€44,721 | |
| Operating profit (loss) | 9901 | -€25,853 | €14,061 | +€39,914 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €407 | €319 | -€88 | -21.5% |
| Recurring financial charges | 65 | €407 | €319 | -€88 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,260 | €13,742 | +€40,002 | |
| Profit (loss) for the period | 9904 | -€26,260 | €13,742 | +€40,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,260 | €13,742 | +€40,002 |
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 22 October 2026 via checked.be.