GARAGE BAERT: 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.
What changed
GARAGE BAERT
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€31,316
2024 · €166,576-€135,260
Equity
€1.5m
2024 · €1.5m+€1,316
Cash
€6,674
2024 · €12,130-€5,456
Balance sheet total
€6.9m
2024 · €9.5m-€2.6m
Largest movements
Assets
- Stocks and contracts -€2.6m
down €2.6m (-35.5%), from €7.4m to €4.7m
of which Stocks: -€2.6m
Equity and liabilities
- Other debts -€2.1m
down €2.1m (-50.2%), from €4.1m to €2.0m
- Trade debts -€495,287
down €495,287 (-14.7%), from €3.4m to €2.9m
Income statement
- Gross operating margin -€134,735
down €134,735 (-4.7%), from €2.8m to €2.7m
- Taxes -€46,921
down €46,921 (-57.2%), from €82,079 to €35,158
- Depreciation +€41,493
up €41,493 (+24.9%), from €166,540 to €208,033
- Financial charges -€40,748
down €40,748 (-18.2%), from €223,956 to €183,209
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.
Result 2024
€166,576
Gross operating margin
-€134,735
Staff costs
-€11,393
Depreciation
-€41,493
Write-downs
-€5,733
Other operating charges
-€2,075
Other operating items
-€29,568
Financial income
+€2,068
Financial charges
+€40,748
Taxes
+€46,921
Result 2025
€31,316
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€302,114
Investment
-€277,570
Financing
-€30,000
Cash 2024
€12,130
From operations (derived)
+€302,114
Net result for the year
+€31,316
Depreciation
+€208,033
Stocks and contracts
+€2.6m
Receivables within one year
+€46,592
Deferred charges and accrued income
+€10,041
Trade debts
-€495,287
Tax, wage and social debts
-€5,781
Advances received
-€70,367
Other debts
-€2.1m
Accrued charges and deferred income
+€28,126
Investment (derived)
-€277,570
Investment in fixed assets (net)
-€277,570
Financing
-€30,000
Contributions, distributions and other
-€30,000
Cash 2025
€6,674
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,528,801 | €6,923,236 | -€2.6m | -27.3% |
| Fixed assets | 21/28 | €1,198,249 | €1,267,786 | +€69,537 | +5.8% |
| Intangible fixed assets | 21 | €107,222 | €87,222 | -€20,000 | -18.7% |
| Tangible fixed assets | 22/27 | €1,058,497 | €1,149,220 | +€90,723 | +8.6% |
| Land and buildings | 22 | €632,241 | €624,842 | -€7,399 | -1.2% |
| Plant, machinery and equipment | 23 | €109,592 | €96,059 | -€13,533 | -12.3% |
| Furniture and vehicles | 24 | €316,663 | €428,319 | +€111,655 | +35.3% |
| Financial fixed assets | 28 | €32,530 | €31,344 | -€1,186 | -3.6% |
| Current assets | 29/58 | €8,330,552 | €5,655,450 | -€2.7m | -32.1% |
| Stocks and contracts in progress | 3 | €7,351,204 | €4,738,191 | -€2.6m | -35.5% |
| Stocks | 30/36 | €7,341,419 | €4,733,864 | -€2.6m | -35.5% |
| Contracts in progress | 37 | €9,785 | €4,328 | -€5,458 | -55.8% |
| Amounts receivable within one year | 40/41 | €912,766 | €866,174 | -€46,592 | -5.1% |
| Trade receivables | 40 | €625,632 | €697,918 | +€72,286 | +11.6% |
| Other amounts receivable | 41 | €287,134 | €168,256 | -€118,878 | -41.4% |
| Cash at bank and in hand | 54/58 | €12,130 | €6,674 | -€5,456 | -45.0% |
| Deferred charges and accrued income | 490/1 | €54,452 | €44,411 | -€10,041 | -18.4% |
| Total equity and liabilities | 10/49 | €9,528,801 | €6,923,236 | -€2.6m | -27.3% |
| Equity | 10/15 | €1,470,190 | €1,471,507 | +€1,316 | +0.1% |
| Contributions | 10/11 | €244,502 | €244,502 | = | 0.0% |
| Capital | 10 | €244,502 | €244,502 | = | 0.0% |
| Issued capital | 100 | €244,502 | €244,502 | = | 0.0% |
| Reserves | 13 | €1,179,112 | €1,225,688 | +€46,576 | +4.0% |
| Non-distributable reserves | 130/1 | €24,450 | €24,450 | = | 0.0% |
| Legal reserve | 130 | €24,450 | €24,450 | = | 0.0% |
| Distributable reserves | 133 | €1,154,662 | €1,201,238 | +€46,576 | +4.0% |
| Profit (loss) carried forward | 14 | €46,576 | €1,316 | -€45,260 | -97.2% |
| Amounts payable | 17/49 | €8,058,610 | €5,451,729 | -€2.6m | -32.3% |
| Amounts payable within one year | 42/48 | €7,824,930 | €5,189,923 | -€2.6m | -33.7% |
| Trade debts | 44 | €3,374,731 | €2,879,444 | -€495,287 | -14.7% |
| Suppliers | 440/4 | €3,374,731 | €2,879,444 | -€495,287 | -14.7% |
| Advances received on contracts in progress | 46 | €75,473 | €5,106 | -€70,367 | -93.2% |
| Taxes, remuneration and social security | 45 | €261,738 | €255,957 | -€5,781 | -2.2% |
| Taxes | 450/3 | €17,919 | €24,158 | +€6,238 | +34.8% |
| Remuneration and social security | 454/9 | €243,818 | €231,799 | -€12,019 | -4.9% |
| Other amounts payable | 47/48 | €4,112,988 | €2,049,416 | -€2.1m | -50.2% |
| Accrued charges and deferred income | 492/3 | €233,680 | €261,806 | +€28,126 | +12.0% |
| Non-recurring operating income | 76A | €70,506 | €38,470 | -€32,036 | -45.4% |
| Remuneration, social security and pensions | 62 | €2,112,820 | €2,124,213 | +€11,393 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,540 | €208,033 | +€41,493 | +24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,077 | €22,810 | +€5,733 | +33.6% |
| Other operating charges | 640/8 | €76,161 | €78,236 | +€2,075 | +2.7% |
| Non-recurring operating charges | 66A | €4,259 | €33,827 | +€29,568 | +694% |
| Gross operating margin | 9900 | €2,847,062 | €2,712,327 | -€134,735 | -4.7% |
| Operating profit (loss) | 9901 | €470,204 | €245,207 | -€224,997 | -47.9% |
| Financial income | 75/76B | €2,407 | €4,476 | +€2,068 | +85.9% |
| Recurring financial income | 75 | €2,407 | €4,476 | +€2,068 | +85.9% |
| Financial charges | 65/66B | €223,956 | €183,209 | -€40,748 | -18.2% |
| Recurring financial charges | 65 | €223,956 | €183,209 | -€40,748 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €248,655 | €66,474 | -€182,181 | -73.3% |
| Income taxes | 67/77 | €82,079 | €35,158 | -€46,921 | -57.2% |
| Profit (loss) for the period | 9904 | €166,576 | €31,316 | -€135,260 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €166,576 | €31,316 | -€135,260 | -81.2% |
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 26 October 2026 via checked.be.