Garage Armand: what changed
Garage Armand
Largest movements
- Stocks and contracts +€147,296
up €147,296 (+73.0%), from €201,833 to €349,129
- Tangible fixed assets +€35,365
up €35,365 (+65.8%), from €53,721 to €89,086
of which Other tangible fixed assets: +€74,970
- Cash -€10,168
down €10,168 (-91.4%), from €11,124 to €956
mainly Stocks and contracts (-€147,296) and Investment in fixed assets (net) (-€40,556)
- Reserves +€90,000
up €90,000 (+34.0%), from €264,860 to €354,860
- Trade debts +€54,051
up €54,051 (+50.8%), from €106,333 to €160,384
- Other debts +€26,111
up €26,111 (+13.5%), from €193,876 to €219,987
- Short-term financial debts -€11,501
down €11,501 (-46.6%), from €24,682 to €13,181
- Profit (loss) carried forward +€10,641
up €10,641 (+11.5%), from €92,369 to €103,010
- Staff costs -€42,433
down €42,433 (-31.1%), from €136,620 to €94,187
- Gross operating margin +€21,768
up €21,768 (+9.0%), from €242,287 to €264,055
- Taxes +€20,526
up €20,526 (+77.8%), from €26,375 to €46,901
- Financial charges +€3,088
up €3,088 (+24.2%), from €12,779 to €15,867
of which Financial charges: +€3,527
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 | €754,904 | €927,292 | +€172,388 | +22.8% |
| Fixed assets | 21/28 | €53,932 | €89,297 | +€35,365 | +65.6% |
| Tangible fixed assets | 22/27 | €53,721 | €89,086 | +€35,365 | +65.8% |
| Land and buildings | 22 | €51,210 | - | -€51,210 | |
| Plant, machinery and equipment | 23 | €2,511 | €14,116 | +€11,605 | +462% |
| Other tangible fixed assets | 26 | - | €74,970 | +€74,970 | |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €700,972 | €837,995 | +€137,023 | +19.5% |
| Stocks and contracts in progress | 3 | €201,833 | €349,129 | +€147,296 | +73.0% |
| Stocks | 30/36 | €201,833 | €349,129 | +€147,296 | +73.0% |
| Amounts receivable within one year | 40/41 | €476,460 | €482,872 | +€6,412 | +1.3% |
| Trade receivables | 40 | €464,493 | €466,794 | +€2,301 | +0.5% |
| Other amounts receivable | 41 | €11,967 | €16,078 | +€4,111 | +34.4% |
| Cash at bank and in hand | 54/58 | €11,124 | €956 | -€10,168 | -91.4% |
| Deferred charges and accrued income | 490/1 | €11,555 | €5,038 | -€6,517 | -56.4% |
| Total equity and liabilities | 10/49 | €754,904 | €927,292 | +€172,388 | +22.8% |
| Equity | 10/15 | €375,829 | €476,470 | +€100,641 | +26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,860 | €354,860 | +€90,000 | +34.0% |
| Distributable reserves | 133 | €264,860 | €354,860 | +€90,000 | +34.0% |
| Profit (loss) carried forward | 14 | €92,369 | €103,010 | +€10,641 | +11.5% |
| Amounts payable | 17/49 | €379,075 | €450,822 | +€71,747 | +18.9% |
| Amounts payable after more than one year | 17 | €11,364 | €3,183 | -€8,181 | -72.0% |
| Financial debts | 170/4 | €11,364 | €3,183 | -€8,181 | -72.0% |
| Amounts payable within one year | 42/48 | €358,390 | €433,170 | +€74,780 | +20.9% |
| Financial debts | 43 | €24,682 | €13,181 | -€11,501 | -46.6% |
| Credit institutions | 430/8 | €24,682 | €13,181 | -€11,501 | -46.6% |
| Trade debts | 44 | €106,333 | €160,384 | +€54,051 | +50.8% |
| Suppliers | 440/4 | €106,333 | €160,384 | +€54,051 | +50.8% |
| Taxes, remuneration and social security | 45 | €33,499 | €39,618 | +€6,119 | +18.3% |
| Taxes | 450/3 | €23,685 | €39,618 | +€15,933 | +67.3% |
| Remuneration and social security | 454/9 | €9,814 | - | -€9,814 | |
| Other amounts payable | 47/48 | €193,876 | €219,987 | +€26,111 | +13.5% |
| Accrued charges and deferred income | 492/3 | €9,321 | €14,469 | +€5,148 | +55.2% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €136,620 | €94,187 | -€42,433 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,947 | €5,191 | +€1,244 | +31.5% |
| Other operating charges | 640/8 | €3,216 | €1,276 | -€1,940 | -60.3% |
| Gross operating margin | 9900 | €242,287 | €264,055 | +€21,768 | +9.0% |
| Operating profit (loss) | 9901 | €98,504 | €163,401 | +€64,897 | +65.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €12,779 | €15,867 | +€3,088 | +24.2% |
| Recurring financial charges | 65 | €12,340 | €15,867 | +€3,527 | +28.6% |
| Non-recurring financial charges | 66B | €439 | - | -€439 | |
| Profit (loss) for the period before taxes | 9903 | €85,725 | €147,542 | +€61,817 | +72.1% |
| Income taxes | 67/77 | €26,375 | €46,901 | +€20,526 | +77.8% |
| Profit (loss) for the period | 9904 | €59,350 | €100,641 | +€41,291 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,350 | €100,641 | +€41,291 | +69.6% |
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.