GARAGE BORGHS: 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 BORGHS
Largest movements
- Tangible fixed assets +€22,749
up €22,749 (+311%), from €7,319 to €30,068
- Receivables within one year +€5,854
up €5,854 (+1,957%), from €299 to €6,153
of which Trade receivables: +€5,891
- Cash -€5,128
down €5,128 (-12.5%), from €40,884 to €35,757
mainly Investment in fixed assets (net) (-€26,512) and Receivables within one year (-€5,854)
- Stocks and contracts -€4,416
down €4,416 (-30.7%), from €14,398 to €9,981
- Reserves +€13,730
up €13,730 (+29.3%), from €46,794 to €60,524
of which Distributable reserves: +€13,730
- Profit (loss) carried forward +€4,498
no longer reported in 2025 (was -€4,498)
- Financial income +€17,681
new in 2025: €17,681
of which Financial income: +€17,681
- Gross operating margin +€3,026
up €3,026 (+163%), from €1,860 to €4,886
- Depreciation -€2,044
down €2,044 (-35.2%), from €5,807 to €3,763
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 | €63,303 | €82,955 | +€19,651 | +31.0% |
| Fixed assets | 21/28 | €7,319 | €30,068 | +€22,749 | +311% |
| Tangible fixed assets | 22/27 | €7,319 | €30,068 | +€22,749 | +311% |
| Furniture and vehicles | 24 | €7,319 | €30,068 | +€22,749 | +311% |
| Current assets | 29/58 | €55,984 | €52,886 | -€3,098 | -5.5% |
| Stocks and contracts in progress | 3 | €14,398 | €9,981 | -€4,416 | -30.7% |
| Stocks | 30/36 | €14,398 | €9,981 | -€4,416 | -30.7% |
| Amounts receivable within one year | 40/41 | €299 | €6,153 | +€5,854 | +1,957% |
| Trade receivables | 40 | €263 | €6,153 | +€5,891 | +2,243% |
| Other amounts receivable | 41 | €36 | - | -€36 | |
| Cash at bank and in hand | 54/58 | €40,884 | €35,757 | -€5,128 | -12.5% |
| Deferred charges and accrued income | 490/1 | €403 | €995 | +€592 | +147% |
| Total equity and liabilities | 10/49 | €63,303 | €82,955 | +€19,651 | +31.0% |
| Equity | 10/15 | €48,496 | €66,724 | +€18,228 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,794 | €60,524 | +€13,730 | +29.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,934 | €58,664 | +€13,730 | +30.6% |
| Profit (loss) carried forward | 14 | -€4,498 | - | +€4,498 | |
| Amounts payable | 17/49 | €14,807 | €16,231 | +€1,424 | +9.6% |
| Amounts payable within one year | 42/48 | €14,807 | €16,231 | +€1,424 | +9.6% |
| Trade debts | 44 | €714 | €1,479 | +€764 | +107% |
| Suppliers | 440/4 | €714 | €1,479 | +€764 | +107% |
| Taxes, remuneration and social security | 45 | - | €659 | +€659 | |
| Taxes | 450/3 | - | €659 | +€659 | |
| Other amounts payable | 47/48 | €14,093 | €14,093 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,807 | €3,763 | -€2,044 | -35.2% |
| Other operating charges | 640/8 | €505 | €531 | +€26 | +5.1% |
| Gross operating margin | 9900 | €1,860 | €4,886 | +€3,026 | +163% |
| Operating profit (loss) | 9901 | -€4,453 | €592 | +€5,044 | |
| Financial income | 75/76B | - | €17,681 | +€17,681 | |
| Recurring financial income | 75 | - | €17,681 | +€17,681 | |
| Non-recurring financial income | 76B | - | €17,681 | +€17,681 | |
| Financial charges | 65/66B | €45 | €45 | -€0 | -0.5% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,498 | €18,228 | +€22,726 | |
| Profit (loss) for the period | 9904 | -€4,498 | €18,228 | +€22,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,498 | €18,228 | +€22,726 |
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.