GARAGE BAETEN: 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 BAETEN
Largest movements
- Stocks and contracts +€45,312
up €45,312 (+28.3%), from €159,995 to €205,307
- Cash +€34,905
up €34,905 (+36.4%), from €95,990 to €130,895
mainly Net result for the year (+€63,791) and Other debts (+€56,038)
- Tangible fixed assets +€11,875
up €11,875 (+11.5%), from €103,617 to €115,492
of which Furniture and vehicles: +€15,357
- Reserves +€59,516
up €59,516 (+60.6%), from €98,177 to €157,693
of which Distributable reserves: +€59,516
- Other debts +€56,038
up €56,038 (+36.0%), from €155,685 to €211,723
- Debts after one year -€12,805
down €12,805 (-43.8%), from €29,251 to €16,446
- Trade debts -€8,681
down €8,681 (-14.5%), from €59,880 to €51,200
- Staff costs -€31,298
down €31,298 (-27.5%), from €113,868 to €82,571
- Taxes +€13,734
up €13,734 (+123%), from €11,155 to €24,889
- Gross operating margin +€12,264
up €12,264 (+6.0%), from €202,811 to €215,075
- Depreciation -€2,284
down €2,284 (-8.0%), from €28,534 to €26,250
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 | €463,487 | €559,466 | +€95,979 | +20.7% |
| Fixed assets | 21/28 | €103,617 | €115,492 | +€11,875 | +11.5% |
| Tangible fixed assets | 22/27 | €103,617 | €115,492 | +€11,875 | +11.5% |
| Plant, machinery and equipment | 23 | €21,448 | €22,940 | +€1,492 | +7.0% |
| Furniture and vehicles | 24 | €42,249 | €57,606 | +€15,357 | +36.4% |
| Other tangible fixed assets | 26 | €39,920 | €34,946 | -€4,974 | -12.5% |
| Current assets | 29/58 | €359,870 | €443,974 | +€84,104 | +23.4% |
| Stocks and contracts in progress | 3 | €159,995 | €205,307 | +€45,312 | +28.3% |
| Stocks | 30/36 | €159,995 | €205,307 | +€45,312 | +28.3% |
| Amounts receivable within one year | 40/41 | €93,897 | €98,587 | +€4,690 | +5.0% |
| Trade receivables | 40 | €93,008 | €98,527 | +€5,520 | +5.9% |
| Other amounts receivable | 41 | €890 | €60 | -€830 | -93.3% |
| Cash at bank and in hand | 54/58 | €95,990 | €130,895 | +€34,905 | +36.4% |
| Deferred charges and accrued income | 490/1 | €9,988 | €9,185 | -€803 | -8.0% |
| Total equity and liabilities | 10/49 | €463,487 | €559,466 | +€95,979 | +20.7% |
| Equity | 10/15 | €160,177 | €219,693 | +€59,516 | +37.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €98,177 | €157,693 | +€59,516 | +60.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €216 | €216 | = | 0.0% |
| Distributable reserves | 133 | €91,761 | €151,277 | +€59,516 | +64.9% |
| Amounts payable | 17/49 | €303,310 | €339,773 | +€36,464 | +12.0% |
| Amounts payable after more than one year | 17 | €29,251 | €16,446 | -€12,805 | -43.8% |
| Financial debts | 170/4 | €29,251 | €16,446 | -€12,805 | -43.8% |
| Amounts payable within one year | 42/48 | €272,809 | €322,077 | +€49,269 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €15,837 | €12,805 | -€3,032 | -19.1% |
| Financial debts | 43 | - | €1,687 | +€1,687 | |
| Credit institutions | 430/8 | - | €1,687 | +€1,687 | |
| Trade debts | 44 | €59,880 | €51,200 | -€8,681 | -14.5% |
| Suppliers | 440/4 | €59,880 | €51,200 | -€8,681 | -14.5% |
| Taxes, remuneration and social security | 45 | €41,407 | €44,662 | +€3,256 | +7.9% |
| Taxes | 450/3 | €26,655 | €30,371 | +€3,716 | +13.9% |
| Remuneration and social security | 454/9 | €14,751 | €14,291 | -€460 | -3.1% |
| Other amounts payable | 47/48 | €155,685 | €211,723 | +€56,038 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €2,414 | €7,640 | +€5,226 | +217% |
| Remuneration, social security and pensions | 62 | €113,868 | €82,571 | -€31,298 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,534 | €26,250 | -€2,284 | -8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,305 | -€1,305 | |
| Other operating charges | 640/8 | €3,847 | €4,429 | +€581 | +15.1% |
| Non-recurring operating charges | 66A | €1,276 | €105 | -€1,171 | -91.8% |
| Gross operating margin | 9900 | €202,811 | €215,075 | +€12,264 | +6.0% |
| Operating profit (loss) | 9901 | €55,285 | €103,025 | +€47,740 | +86.4% |
| Financial income | 75/76B | €205 | €55 | -€150 | -73.4% |
| Recurring financial income | 75 | €205 | €55 | -€150 | -73.4% |
| Financial charges | 65/66B | €16,472 | €14,399 | -€2,074 | -12.6% |
| Recurring financial charges | 65 | €16,472 | €14,399 | -€2,074 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €39,017 | €88,681 | +€49,663 | +127% |
| Income taxes | 67/77 | €11,155 | €24,889 | +€13,734 | +123% |
| Profit (loss) for the period | 9904 | €27,862 | €63,791 | +€35,929 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €27,862 | €63,791 | +€35,929 | +129% |
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 22 October 2026 via checked.be.