GARAGE CEURSTEMONT: 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 CEURSTEMONT
Largest movements
- Receivables within one year +€221,849
up €221,849 (+183%), from €121,543 to €343,392
of which Trade receivables: +€224,307
- Stocks and contracts -€159,284
down €159,284 (-17.1%), from €929,842 to €770,557
- Cash +€75,161
up €75,161 (+322%), from €23,323 to €98,484
mainly Stocks and contracts (+€159,284) and Trade debts (+€134,077)
- Tangible fixed assets -€59,691
down €59,691 (-5.8%), from €1.0m to €969,635
of which Land and buildings: -€47,345
- Deferred charges and accrued income +€30,192
up €30,192 (+25.8%), from €117,135 to €147,327
- Trade debts +€134,077
up €134,077 (+20.4%), from €657,885 to €791,963
- Short-term financial debts -€59,065
down €59,065 (-56.2%), from €105,071 to €46,006
of which Credit institutions: -€59,218
- Profit (loss) carried forward +€58,226
up €58,226 (+39.5%), from €147,564 to €205,790
- Debts after one year -€37,688
down €37,688 (-5.5%), from €680,561 to €642,873
of which Financial debts: -€37,688
- Gross operating margin +€47,591
up €47,591 (+9.1%), from €521,760 to €569,351
- Financial charges -€16,981
down €16,981 (-27.0%), from €62,797 to €45,816
- Other operating charges +€8,417
up €8,417 (+46.9%), from €17,947 to €26,365
- Taxes +€7,665
up €7,665 (+125%), from €6,116 to €13,782
- Staff costs +€7,062
up €7,062 (+2.1%), from €333,906 to €340,968
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 | €2,221,167 | €2,329,395 | +€108,228 | +4.9% |
| Fixed assets | 21/28 | €1,029,325 | €969,635 | -€59,691 | -5.8% |
| Tangible fixed assets | 22/27 | €1,029,325 | €969,635 | -€59,691 | -5.8% |
| Land and buildings | 22 | €922,002 | €874,657 | -€47,345 | -5.1% |
| Plant, machinery and equipment | 23 | €52,689 | €35,311 | -€17,378 | -33.0% |
| Furniture and vehicles | 24 | €28,901 | €12,205 | -€16,696 | -57.8% |
| Leasing and similar rights | 25 | €25,733 | €47,462 | +€21,728 | +84.4% |
| Current assets | 29/58 | €1,191,842 | €1,359,760 | +€167,918 | +14.1% |
| Stocks and contracts in progress | 3 | €929,842 | €770,557 | -€159,284 | -17.1% |
| Stocks | 30/36 | €929,842 | €770,557 | -€159,284 | -17.1% |
| Amounts receivable within one year | 40/41 | €121,543 | €343,392 | +€221,849 | +183% |
| Trade receivables | 40 | €113,829 | €338,136 | +€224,307 | +197% |
| Other amounts receivable | 41 | €7,713 | €5,256 | -€2,458 | -31.9% |
| Cash at bank and in hand | 54/58 | €23,323 | €98,484 | +€75,161 | +322% |
| Deferred charges and accrued income | 490/1 | €117,135 | €147,327 | +€30,192 | +25.8% |
| Total equity and liabilities | 10/49 | €2,221,167 | €2,329,395 | +€108,228 | +4.9% |
| Equity | 10/15 | €584,370 | €642,596 | +€58,226 | +10.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Revaluation surpluses | 12 | €261,000 | €261,000 | = | 0.0% |
| Reserves | 13 | €5,806 | €5,806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,402 | €2,402 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,402 | €2,402 | = | 0.0% |
| Distributable reserves | 133 | €3,404 | €3,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,564 | €205,790 | +€58,226 | +39.5% |
| Amounts payable | 17/49 | €1,636,797 | €1,686,799 | +€50,002 | +3.1% |
| Amounts payable after more than one year | 17 | €680,561 | €642,873 | -€37,688 | -5.5% |
| Financial debts | 170/4 | €609,714 | €572,026 | -€37,688 | -6.2% |
| Other amounts payable | 178/9 | €70,847 | €70,847 | = | 0.0% |
| Amounts payable within one year | 42/48 | €956,236 | €1,043,926 | +€87,690 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €154,934 | €160,973 | +€6,039 | +3.9% |
| Financial debts | 43 | €105,071 | €46,006 | -€59,065 | -56.2% |
| Credit institutions | 430/8 | €59,218 | €0 | -€59,218 | -100% |
| Other loans | 439 | €45,853 | €46,006 | +€153 | +0.3% |
| Trade debts | 44 | €657,885 | €791,963 | +€134,077 | +20.4% |
| Suppliers | 440/4 | €657,885 | €791,963 | +€134,077 | +20.4% |
| Taxes, remuneration and social security | 45 | €38,346 | €44,984 | +€6,638 | +17.3% |
| Taxes | 450/3 | €6,113 | €9,613 | +€3,500 | +57.3% |
| Remuneration and social security | 454/9 | €32,233 | €35,371 | +€3,138 | +9.7% |
| Remuneration, social security and pensions | 62 | €333,906 | €340,968 | +€7,062 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,602 | €84,296 | -€1,305 | -1.5% |
| Other operating charges | 640/8 | €17,947 | €26,365 | +€8,417 | +46.9% |
| Gross operating margin | 9900 | €521,760 | €569,351 | +€47,591 | +9.1% |
| Operating profit (loss) | 9901 | €84,305 | €117,722 | +€33,416 | +39.6% |
| Financial income | 75/76B | €506 | €102 | -€404 | -79.9% |
| Recurring financial income | 75 | €506 | €102 | -€404 | -79.9% |
| Financial charges | 65/66B | €62,797 | €45,816 | -€16,981 | -27.0% |
| Recurring financial charges | 65 | €62,797 | €45,816 | -€16,981 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €22,014 | €72,007 | +€49,993 | +227% |
| Income taxes | 67/77 | €6,116 | €13,782 | +€7,665 | +125% |
| Profit (loss) for the period | 9904 | €15,898 | €58,226 | +€42,328 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €15,898 | €58,226 | +€42,328 | +266% |
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 30 October 2026 via checked.be.