Garage ADS: what changed
Garage ADS
Largest movements
- Receivables within one year -€44,797
down €44,797 (-45.8%), from €97,812 to €53,015
of which Trade receivables: -€48,621
- Tangible fixed assets -€30,710
down €30,710 (-22.3%), from €137,666 to €106,955
of which Furniture and vehicles: -€21,810
- Cash +€21,254
up €21,254 (+42.3%), from €50,228 to €71,482
mainly Depreciation (+€53,887) and Other debts (+€52,353)
- Stocks and contracts +€6,861
up €6,861 (+49.0%), from €13,989 to €20,850
- Reserves -€65,027
down €65,027 (-48.3%), from €134,754 to €69,727
- Other debts +€52,353
up €52,353 (+382%), from €13,687 to €66,040
- Trade debts -€16,459
down €16,459 (-34.3%), from €48,025 to €31,566
- Debts after one year -€9,914
down €9,914 (-22.5%), from €44,132 to €34,218
- Tax, wage and social debts -€7,118
down €7,118 (-16.0%), from €44,413 to €37,296
of which Taxes: -€6,589
- Gross operating margin -€21,140
down €21,140 (-11.8%), from €178,930 to €157,790
- Taxes -€12,290
down €12,290 (-64.2%), from €19,155 to €6,865
- Staff costs +€8,751
up €8,751 (+16.4%), from €53,201 to €61,952
- Depreciation +€7,554
up €7,554 (+16.3%), from €46,333 to €53,887
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,181 | €255,098 | -€46,082 | -15.3% |
| Fixed assets | 21/28 | €137,666 | €106,955 | -€30,710 | -22.3% |
| Tangible fixed assets | 22/27 | €137,666 | €106,955 | -€30,710 | -22.3% |
| Plant, machinery and equipment | 23 | €73,967 | €68,454 | -€5,513 | -7.5% |
| Furniture and vehicles | 24 | €53,159 | €31,349 | -€21,810 | -41.0% |
| Other tangible fixed assets | 26 | €10,540 | €7,152 | -€3,388 | -32.1% |
| Current assets | 29/58 | €163,515 | €148,143 | -€15,372 | -9.4% |
| Stocks and contracts in progress | 3 | €13,989 | €20,850 | +€6,861 | +49.0% |
| Stocks | 30/36 | €13,989 | €20,850 | +€6,861 | +49.0% |
| Amounts receivable within one year | 40/41 | €97,812 | €53,015 | -€44,797 | -45.8% |
| Trade receivables | 40 | €91,222 | €42,602 | -€48,621 | -53.3% |
| Other amounts receivable | 41 | €6,590 | €10,413 | +€3,823 | +58.0% |
| Cash at bank and in hand | 54/58 | €50,228 | €71,482 | +€21,254 | +42.3% |
| Deferred charges and accrued income | 490/1 | €1,486 | €2,796 | +€1,310 | +88.1% |
| Total equity and liabilities | 10/49 | €301,181 | €255,098 | -€46,082 | -15.3% |
| Equity | 10/15 | €139,754 | €74,727 | -€65,027 | -46.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €134,754 | €69,727 | -€65,027 | -48.3% |
| Distributable reserves | 133 | €134,754 | €69,727 | -€65,027 | -48.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €161,427 | €180,372 | +€18,945 | +11.7% |
| Amounts payable after more than one year | 17 | €44,132 | €34,218 | -€9,914 | -22.5% |
| Financial debts | 170/4 | €44,132 | €34,218 | -€9,914 | -22.5% |
| Amounts payable within one year | 42/48 | €115,765 | €144,816 | +€29,051 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €9,639 | €9,914 | +€275 | +2.9% |
| Trade debts | 44 | €48,025 | €31,566 | -€16,459 | -34.3% |
| Suppliers | 440/4 | €48,025 | €31,566 | -€16,459 | -34.3% |
| Taxes, remuneration and social security | 45 | €44,413 | €37,296 | -€7,118 | -16.0% |
| Taxes | 450/3 | €29,137 | €22,548 | -€6,589 | -22.6% |
| Remuneration and social security | 454/9 | €15,276 | €14,747 | -€529 | -3.5% |
| Other amounts payable | 47/48 | €13,687 | €66,040 | +€52,353 | +382% |
| Accrued charges and deferred income | 492/3 | €1,530 | €1,337 | -€193 | -12.6% |
| Remuneration, social security and pensions | 62 | €53,201 | €61,952 | +€8,751 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,333 | €53,887 | +€7,554 | +16.3% |
| Other operating charges | 640/8 | €6,123 | €4,951 | -€1,172 | -19.1% |
| Gross operating margin | 9900 | €178,930 | €157,790 | -€21,140 | -11.8% |
| Operating profit (loss) | 9901 | €73,272 | €37,000 | -€36,272 | -49.5% |
| Financial income | 75/76B | €47 | €4 | -€44 | -92.1% |
| Recurring financial income | 75 | €47 | €4 | -€44 | -92.1% |
| Financial charges | 65/66B | €3,483 | €3,167 | -€316 | -9.1% |
| Recurring financial charges | 65 | €3,483 | €3,167 | -€316 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €69,837 | €33,838 | -€35,999 | -51.5% |
| Income taxes | 67/77 | €19,155 | €6,865 | -€12,290 | -64.2% |
| Profit (loss) for the period | 9904 | €50,682 | €26,973 | -€23,709 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,682 | €26,973 | -€23,709 | -46.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.