GARAGE CASSELMAN: what changed
What changed
GARAGE CASSELMAN
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€117,562
2024 · €111,060+€6,503
Equity
€915,792
2024 · €798,229+€117,562
Cash
€376,582
2024 · €302,788+€73,794
Balance sheet total
€992,507
2024 · €849,956+€142,551
Largest movements
Assets
- Cash +€73,794
up €73,794 (+24.4%), from €302,788 to €376,582
mainly Net result for the year (+€117,562) and Depreciation (+€27,517)
- Stocks and contracts +€52,925
up €52,925 (+45.9%), from €115,196 to €168,121
- Tangible fixed assets +€24,393
up €24,393 (+26.6%), from €91,547 to €115,939
of which Furniture and vehicles: +€21,284
Equity and liabilities
- Reserves +€117,562
up €117,562 (+15.1%), from €778,229 to €895,792
- Trade debts +€19,230
up €19,230 (+324%), from €5,939 to €25,170
- Tax, wage and social debts +€12,348
up €12,348 (+48.7%), from €25,338 to €37,686
of which Taxes: +€12,657
Income statement
- Gross operating margin +€28,686
up €28,686 (+12.2%), from €235,498 to €264,184
- Taxes +€11,900
up €11,900 (+25.2%), from €47,232 to €59,132
- Depreciation +€9,501
up €9,501 (+52.7%), from €18,016 to €27,517
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€111,060
Gross operating margin
+€28,686
Staff costs
-€1,338
Depreciation
-€9,501
Other operating charges
-€584
Other operating items
+€951
Financial income
+€86
Financial charges
+€102
Taxes
-€11,900
Result 2025
€117,562
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€132,535
Investment
-€51,909
Financing
-€6,832
Cash 2024
€302,788
From operations (derived)
+€132,535
Net result for the year
+€117,562
Depreciation
+€27,517
Stocks and contracts
-€52,925
Receivables within one year
+€8,584
Smaller working-capital items
+€219
Trade debts
+€19,230
Tax, wage and social debts
+€12,348
Investment (derived)
-€51,909
Investment in fixed assets (net)
-€51,909
Financing
-€6,832
Debts after one year
-€1,691
Short-term financial debts
-€5,141
Cash 2025
€376,582
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €849,956 | €992,507 | +€142,551 | +16.8% |
| Fixed assets | 21/28 | €91,547 | €115,939 | +€24,393 | +26.6% |
| Tangible fixed assets | 22/27 | €91,547 | €115,939 | +€24,393 | +26.6% |
| Plant, machinery and equipment | 23 | €27,436 | €30,545 | +€3,109 | +11.3% |
| Furniture and vehicles | 24 | €64,110 | €85,394 | +€21,284 | +33.2% |
| Current assets | 29/58 | €758,410 | €876,568 | +€118,158 | +15.6% |
| Stocks and contracts in progress | 3 | €115,196 | €168,121 | +€52,925 | +45.9% |
| Stocks | 30/36 | €115,196 | €168,121 | +€52,925 | +45.9% |
| Amounts receivable within one year | 40/41 | €39,064 | €30,480 | -€8,584 | -22.0% |
| Trade receivables | 40 | €39,064 | €30,480 | -€8,584 | -22.0% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €302,788 | €376,582 | +€73,794 | +24.4% |
| Deferred charges and accrued income | 490/1 | €1,362 | €1,385 | +€23 | +1.7% |
| Total equity and liabilities | 10/49 | €849,956 | €992,507 | +€142,551 | +16.8% |
| Equity | 10/15 | €798,229 | €915,792 | +€117,562 | +14.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €778,229 | €895,792 | +€117,562 | +15.1% |
| Distributable reserves | 133 | €778,229 | €895,792 | +€117,562 | +15.1% |
| Amounts payable | 17/49 | €51,727 | €76,716 | +€24,989 | +48.3% |
| Amounts payable after more than one year | 17 | €5,309 | €3,617 | -€1,691 | -31.9% |
| Other amounts payable | 178/9 | €5,309 | €3,617 | -€1,691 | -31.9% |
| Amounts payable within one year | 42/48 | €46,418 | €73,098 | +€26,680 | +57.5% |
| Financial debts | 43 | €15,141 | €10,000 | -€5,141 | -34.0% |
| Credit institutions | 430/8 | €15,141 | €10,000 | -€5,141 | -34.0% |
| Trade debts | 44 | €5,939 | €25,170 | +€19,230 | +324% |
| Suppliers | 440/4 | €5,939 | €25,170 | +€19,230 | +324% |
| Advances received on contracts in progress | 46 | - | €243 | +€243 | |
| Taxes, remuneration and social security | 45 | €25,338 | €37,686 | +€12,348 | +48.7% |
| Taxes | 450/3 | €23,595 | €36,252 | +€12,657 | +53.6% |
| Remuneration and social security | 454/9 | €1,743 | €1,434 | -€309 | -17.7% |
| Non-recurring operating income | 76A | €430 | €5,800 | +€5,370 | +1,250% |
| Remuneration, social security and pensions | 62 | €55,799 | €57,137 | +€1,338 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,016 | €27,517 | +€9,501 | +52.7% |
| Other operating charges | 640/8 | €4,915 | €5,499 | +€584 | +11.9% |
| Non-recurring operating charges | 66A | €951 | - | -€951 | |
| Gross operating margin | 9900 | €235,498 | €264,184 | +€28,686 | +12.2% |
| Operating profit (loss) | 9901 | €155,818 | €174,033 | +€18,215 | +11.7% |
| Financial income | 75/76B | €4,080 | €4,166 | +€86 | +2.1% |
| Recurring financial income | 75 | €4,080 | €4,166 | +€86 | +2.1% |
| Financial charges | 65/66B | €1,606 | €1,505 | -€102 | -6.3% |
| Recurring financial charges | 65 | €1,606 | €1,505 | -€102 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €158,292 | €176,694 | +€18,403 | +11.6% |
| Income taxes | 67/77 | €47,232 | €59,132 | +€11,900 | +25.2% |
| Profit (loss) for the period | 9904 | €111,060 | €117,562 | +€6,503 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €111,060 | €117,562 | +€6,503 | +5.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.