GARAGE B-CONCEPT: 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 B-CONCEPT
Largest movements
- Receivables within one year +€92,057
up €92,057 (+82.6%), from €111,472 to €203,529
of which Trade receivables: +€60,323
- Tangible fixed assets -€55,130
down €55,130 (-6.5%), from €854,568 to €799,438
- Stocks and contracts +€42,597
up €42,597 (+22.9%), from €185,980 to €228,577
- Deferred charges and accrued income -€28,199
down €28,199 (-54.5%), from €51,735 to €23,536
- Other debts +€141,865
up €141,865 (+53.8%), from €263,749 to €405,615
- Debts after one year -€100,674
down €100,674 (-8.1%), from €1.2m to €1.1m
- Trade debts +€78,911
up €78,911 (+74.7%), from €105,584 to €184,495
- Reserves -€58,976
down €58,976 (-38.6%), from €152,801 to €93,825
- Tax, wage and social debts +€25,490
up €25,490 (+31.9%), from €79,992 to €105,483
of which Remuneration and social security: +€46,034
- Staff costs -€21,265
down €21,265 (-5.0%), from €426,151 to €404,886
- Gross operating margin +€13,666
up €13,666 (+2.3%), from €588,360 to €602,026
- Taxes +€10,134
up €10,134 (+181%), from €5,612 to €15,746
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 | €2,210,059 | €2,266,028 | +€55,969 | +2.5% |
| Fixed assets | 21/28 | €1,825,393 | €1,770,263 | -€55,130 | -3.0% |
| Tangible fixed assets | 22/27 | €854,568 | €799,438 | -€55,130 | -6.5% |
| Land and buildings | 22 | €655,870 | €630,383 | -€25,488 | -3.9% |
| Plant, machinery and equipment | 23 | €46,739 | €46,674 | -€65 | -0.1% |
| Furniture and vehicles | 24 | €28,698 | €17,921 | -€10,777 | -37.6% |
| Other tangible fixed assets | 26 | €123,260 | €104,460 | -€18,800 | -15.3% |
| Financial fixed assets | 28 | €970,825 | €970,825 | = | 0.0% |
| Current assets | 29/58 | €384,666 | €495,766 | +€111,099 | +28.9% |
| Stocks and contracts in progress | 3 | €185,980 | €228,577 | +€42,597 | +22.9% |
| Stocks | 30/36 | €185,980 | €228,577 | +€42,597 | +22.9% |
| Amounts receivable within one year | 40/41 | €111,472 | €203,529 | +€92,057 | +82.6% |
| Trade receivables | 40 | €90,754 | €151,077 | +€60,323 | +66.5% |
| Other amounts receivable | 41 | €20,718 | €52,453 | +€31,734 | +153% |
| Cash at bank and in hand | 54/58 | €35,479 | €40,123 | +€4,644 | +13.1% |
| Deferred charges and accrued income | 490/1 | €51,735 | €23,536 | -€28,199 | -54.5% |
| Total equity and liabilities | 10/49 | €2,210,059 | €2,266,028 | +€55,969 | +2.5% |
| Equity | 10/15 | €209,599 | €150,623 | -€58,976 | -28.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €152,801 | €93,825 | -€58,976 | -38.6% |
| Distributable reserves | 133 | €152,801 | €93,825 | -€58,976 | -38.6% |
| Profit (loss) carried forward | 14 | €36,338 | €36,338 | = | 0.0% |
| Amounts payable | 17/49 | €2,000,460 | €2,115,405 | +€114,945 | +5.7% |
| Amounts payable after more than one year | 17 | €1,235,832 | €1,135,158 | -€100,674 | -8.1% |
| Financial debts | 170/4 | €1,235,832 | €1,135,158 | -€100,674 | -8.1% |
| Amounts payable within one year | 42/48 | €764,628 | €980,225 | +€215,597 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €145,303 | €124,633 | -€20,670 | -14.2% |
| Financial debts | 43 | €170,000 | €160,000 | -€10,000 | -5.9% |
| Credit institutions | 430/8 | €170,000 | €160,000 | -€10,000 | -5.9% |
| Trade debts | 44 | €105,584 | €184,495 | +€78,911 | +74.7% |
| Suppliers | 440/4 | €105,584 | €184,495 | +€78,911 | +74.7% |
| Taxes, remuneration and social security | 45 | €79,992 | €105,483 | +€25,490 | +31.9% |
| Taxes | 450/3 | €20,544 | - | -€20,544 | |
| Remuneration and social security | 454/9 | €59,448 | €105,483 | +€46,034 | +77.4% |
| Other amounts payable | 47/48 | €263,749 | €405,615 | +€141,865 | +53.8% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €426,151 | €404,886 | -€21,265 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,202 | €67,051 | -€1,152 | -1.7% |
| Other operating charges | 640/8 | €11,742 | €15,261 | +€3,520 | +30.0% |
| Gross operating margin | 9900 | €588,360 | €602,026 | +€13,666 | +2.3% |
| Operating profit (loss) | 9901 | €82,264 | €114,827 | +€32,563 | +39.6% |
| Financial charges | 65/66B | €70,960 | €67,572 | -€3,388 | -4.8% |
| Recurring financial charges | 65 | €70,960 | €67,572 | -€3,388 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €11,305 | €47,255 | +€35,951 | +318% |
| Income taxes | 67/77 | €5,612 | €15,746 | +€10,134 | +181% |
| Profit (loss) for the period | 9904 | €5,693 | €31,510 | +€25,817 | +453% |
| Profit (loss) for the period to be appropriated | 9905 | €5,693 | €31,510 | +€25,817 | +453% |
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 25 October 2026 via checked.be.