Garage Aerts: 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 Aerts
Largest movements
- Cash +€160,546
up €160,546 (+53.4%), from €300,643 to €461,189
mainly Net result for the year (+€120,316) and Depreciation (+€68,780)
- Tangible fixed assets -€91,051
down €91,051 (-18.3%), from €498,119 to €407,068
of which Other tangible fixed assets: -€50,961
- Receivables within one year +€32,701
up €32,701 (+3.8%), from €860,661 to €893,361
of which Other amounts receivable: +€29,764
- Stocks and contracts -€31,953
down €31,953 (-16.2%), from €197,762 to €165,809
- Reserves +€85,521
up €85,521 (+5.9%), from €1.5m to €1.5m
of which Distributable reserves: +€85,521
- Trade debts -€36,430
down €36,430 (-28.0%), from €130,084 to €93,654
- Debts after one year -€34,998
down €34,998 (-14.2%), from €246,693 to €211,695
- Other debts +€33,901
new in 2025: €33,901
- Gross operating margin +€90,840
up €90,840 (+21.7%), from €418,203 to €509,044
- Staff costs +€27,261
up €27,261 (+12.7%), from €214,433 to €241,694
- Taxes +€18,054
up €18,054 (+62.3%), from €28,984 to €47,037
- Depreciation -€10,283
down €10,283 (-13.0%), from €79,063 to €68,780
- Other operating charges +€10,035
up €10,035 (+44.1%), from €22,745 to €32,780
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 | €1,977,875 | €2,046,442 | +€68,567 | +3.5% |
| Fixed assets | 21/28 | €502,515 | €409,544 | -€92,971 | -18.5% |
| Tangible fixed assets | 22/27 | €498,119 | €407,068 | -€91,051 | -18.3% |
| Plant, machinery and equipment | 23 | €39,940 | €32,288 | -€7,653 | -19.2% |
| Furniture and vehicles | 24 | €55,633 | €23,195 | -€32,437 | -58.3% |
| Other tangible fixed assets | 26 | €402,546 | €351,585 | -€50,961 | -12.7% |
| Financial fixed assets | 28 | €4,396 | €2,476 | -€1,920 | -43.7% |
| Current assets | 29/58 | €1,475,360 | €1,636,898 | +€161,537 | +10.9% |
| Stocks and contracts in progress | 3 | €197,762 | €165,809 | -€31,953 | -16.2% |
| Stocks | 30/36 | €197,762 | €165,809 | -€31,953 | -16.2% |
| Amounts receivable within one year | 40/41 | €860,661 | €893,361 | +€32,701 | +3.8% |
| Trade receivables | 40 | €766,151 | €769,088 | +€2,937 | +0.4% |
| Other amounts receivable | 41 | €94,509 | €124,273 | +€29,764 | +31.5% |
| Cash at bank and in hand | 54/58 | €300,643 | €461,189 | +€160,546 | +53.4% |
| Deferred charges and accrued income | 490/1 | €116,295 | €116,538 | +€243 | +0.2% |
| Total equity and liabilities | 10/49 | €1,977,875 | €2,046,442 | +€68,567 | +3.5% |
| Equity | 10/15 | €1,484,434 | €1,569,955 | +€85,521 | +5.8% |
| Contributions | 10/11 | €28,116 | €28,116 | = | 0.0% |
| Reserves | 13 | €1,456,319 | €1,541,839 | +€85,521 | +5.9% |
| Tax-exempt reserves | 132 | €23,011 | €23,011 | = | 0.0% |
| Distributable reserves | 133 | €1,433,307 | €1,518,828 | +€85,521 | +6.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €493,441 | €476,487 | -€16,954 | -3.4% |
| Amounts payable after more than one year | 17 | €246,693 | €211,695 | -€34,998 | -14.2% |
| Financial debts | 170/4 | €246,693 | €211,695 | -€34,998 | -14.2% |
| Amounts payable within one year | 42/48 | €245,273 | €263,215 | +€17,943 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €34,584 | €34,998 | +€413 | +1.2% |
| Trade debts | 44 | €130,084 | €93,654 | -€36,430 | -28.0% |
| Suppliers | 440/4 | €130,084 | €93,654 | -€36,430 | -28.0% |
| Taxes, remuneration and social security | 45 | €80,605 | €100,663 | +€20,058 | +24.9% |
| Taxes | 450/3 | €44,953 | €59,417 | +€14,465 | +32.2% |
| Remuneration and social security | 454/9 | €35,652 | €41,246 | +€5,594 | +15.7% |
| Other amounts payable | 47/48 | - | €33,901 | +€33,901 | |
| Accrued charges and deferred income | 492/3 | €1,475 | €1,576 | +€101 | +6.8% |
| Remuneration, social security and pensions | 62 | €214,433 | €241,694 | +€27,261 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,063 | €68,780 | -€10,283 | -13.0% |
| Other operating charges | 640/8 | €22,745 | €32,780 | +€10,035 | +44.1% |
| Gross operating margin | 9900 | €418,203 | €509,044 | +€90,840 | +21.7% |
| Operating profit (loss) | 9901 | €101,962 | €165,789 | +€63,827 | +62.6% |
| Financial income | 75/76B | €5,137 | €7,164 | +€2,027 | +39.5% |
| Recurring financial income | 75 | €5,137 | €7,164 | +€2,027 | +39.5% |
| Financial charges | 65/66B | €6,503 | €5,600 | -€903 | -13.9% |
| Recurring financial charges | 65 | €6,503 | €5,600 | -€903 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €100,596 | €167,353 | +€66,758 | +66.4% |
| Income taxes | 67/77 | €28,984 | €47,037 | +€18,054 | +62.3% |
| Profit (loss) for the period | 9904 | €71,612 | €120,316 | +€48,704 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,612 | €120,316 | +€48,704 | +68.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.