GARAGE BERTELS: 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 BERTELS
Largest movements
- Cash -€69,619
down €69,619 (-61.9%), from €112,553 to €42,934
mainly Net result for the year (-€134,301) and Debts after one year (-€25,807)
- Tangible fixed assets -€64,669
down €64,669 (-11.0%), from €588,925 to €524,256
of which Land and buildings: -€65,731
- Stocks and contracts -€41,948
down €41,948 (-31.4%), from €133,662 to €91,713
- Profit (loss) carried forward -€134,301
down €134,301 (-32.1%), from -€418,195 to -€552,496
- Debts after one year -€25,807
down €25,807 (-6.0%), from €430,223 to €404,416
of which Financial debts: -€25,807
- Short-term financial debts -€25,000
down €25,000 (-41.7%), from €60,000 to €35,000
- Other debts +€12,795
up €12,795 (+2.2%), from €591,504 to €604,299
- Current portion of long-term debt -€8,671
down €8,671 (-25.1%), from €34,477 to €25,807
- Gross operating margin -€112,482
down €112,482 (-47.8%), from €235,454 to €122,971
- Staff costs -€26,430
down €26,430 (-14.6%), from €181,562 to €155,132
- Write-downs +€12,771
up €12,771, from -€1,250 to €11,522
- Financial income -€12,481
down €12,481 (-100.0%), from €12,482 to €1
- Depreciation -€9,482
down €9,482 (-13.3%), from €71,408 to €61,927
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 | €855,556 | €671,820 | -€183,737 | -21.5% |
| Fixed assets | 21/28 | €591,550 | €526,881 | -€64,669 | -10.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €588,925 | €524,256 | -€64,669 | -11.0% |
| Land and buildings | 22 | €587,438 | €521,707 | -€65,731 | -11.2% |
| Plant, machinery and equipment | 23 | €960 | €825 | -€134 | -14.0% |
| Furniture and vehicles | 24 | €527 | €1,724 | +€1,196 | +227% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €264,006 | €144,939 | -€119,068 | -45.1% |
| Stocks and contracts in progress | 3 | €133,662 | €91,713 | -€41,948 | -31.4% |
| Stocks | 30/36 | €133,662 | €91,713 | -€41,948 | -31.4% |
| Amounts receivable within one year | 40/41 | €17,792 | €10,291 | -€7,501 | -42.2% |
| Trade receivables | 40 | €17,398 | €10,291 | -€7,107 | -40.8% |
| Other amounts receivable | 41 | €394 | - | -€394 | |
| Cash at bank and in hand | 54/58 | €112,553 | €42,934 | -€69,619 | -61.9% |
| Total equity and liabilities | 10/49 | €855,556 | €671,820 | -€183,737 | -21.5% |
| Equity | 10/15 | -€310,195 | -€444,496 | -€134,301 | -43.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,195 | -€552,496 | -€134,301 | -32.1% |
| Amounts payable | 17/49 | €1,165,751 | €1,116,316 | -€49,436 | -4.2% |
| Amounts payable after more than one year | 17 | €430,223 | €404,416 | -€25,807 | -6.0% |
| Financial debts | 170/4 | €252,223 | €226,416 | -€25,807 | -10.2% |
| Other amounts payable | 178/9 | €178,000 | €178,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €735,528 | €711,899 | -€23,629 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €34,477 | €25,807 | -€8,671 | -25.1% |
| Financial debts | 43 | €60,000 | €35,000 | -€25,000 | -41.7% |
| Credit institutions | 430/8 | €60,000 | €35,000 | -€25,000 | -41.7% |
| Trade debts | 44 | €25,084 | €28,250 | +€3,166 | +12.6% |
| Suppliers | 440/4 | €25,084 | €28,250 | +€3,166 | +12.6% |
| Taxes, remuneration and social security | 45 | €24,463 | €18,543 | -€5,920 | -24.2% |
| Taxes | 450/3 | €7,001 | €5,546 | -€1,455 | -20.8% |
| Remuneration and social security | 454/9 | €17,463 | €12,997 | -€4,465 | -25.6% |
| Other amounts payable | 47/48 | €591,504 | €604,299 | +€12,795 | +2.2% |
| Non-recurring operating income | 76A | - | €158 | +€158 | |
| Remuneration, social security and pensions | 62 | €181,562 | €155,132 | -€26,430 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,408 | €61,927 | -€9,482 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,250 | €11,522 | +€12,771 | |
| Other operating charges | 640/8 | €13,879 | €13,632 | -€246 | -1.8% |
| Gross operating margin | 9900 | €235,454 | €122,971 | -€112,482 | -47.8% |
| Operating profit (loss) | 9901 | -€30,145 | -€119,242 | -€89,097 | -296% |
| Financial income | 75/76B | €12,482 | €1 | -€12,481 | -100.0% |
| Recurring financial income | 75 | €12,482 | €1 | -€12,481 | -100.0% |
| Financial charges | 65/66B | €12,238 | €15,060 | +€2,822 | +23.1% |
| Recurring financial charges | 65 | €12,238 | €10,002 | -€2,236 | -18.3% |
| Non-recurring financial charges | 66B | - | €5,058 | +€5,058 | |
| Profit (loss) for the period before taxes | 9903 | -€29,901 | -€134,301 | -€104,400 | -349% |
| Profit (loss) for the period | 9904 | -€29,901 | -€134,301 | -€104,400 | -349% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,901 | -€134,301 | -€104,400 | -349% |
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 18 October 2026 via checked.be.