GARAGE CRETS: what changed
GARAGE CRETS
Largest movements
- Tangible fixed assets +€284,889
up €284,889 (+136%), from €208,819 to €493,708
of which Land and buildings: +€295,141
- Stocks and contracts -€168,094
down €168,094 (-36.6%), from €459,131 to €291,038
- Cash -€108,280
down €108,280 (-28.6%), from €378,182 to €269,902
mainly Trade debts (-€468,913) and Investment in fixed assets (net) (-€362,379)
- Receivables within one year +€34,839
up €34,839 (+3.5%), from €1.0m to €1.0m
of which Other amounts receivable: +€31,141
- Trade debts -€468,913
down €468,913 (-60.4%), from €776,150 to €307,237
- Current portion of long-term debt +€250,000
new in 2025: €250,000
- Reserves +€146,946
up €146,946 (+12.6%), from €1.2m to €1.3m
- Contributions +€62,000
up €62,000 (+333%), from €18,600 to €80,600
- Tax, wage and social debts +€53,460
up €53,460 (+57.8%), from €92,480 to €145,940
of which Taxes: +€54,510
- Staff costs +€66,273
up €66,273 (+10.1%), from €659,229 to €725,502
- Gross operating margin +€44,733
up €44,733 (+5.4%), from €821,737 to €866,470
- Financial income +€10,090
up €10,090 (+49.3%), from €20,475 to €30,565
of which Non-recurring financial income: +€9,716
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,056,771 | €2,099,925 | +€43,154 | +2.1% |
| Fixed assets | 21/28 | €211,675 | €495,834 | +€284,159 | +134% |
| Intangible fixed assets | 21 | €2,856 | €2,126 | -€730 | -25.6% |
| Tangible fixed assets | 22/27 | €208,819 | €493,708 | +€284,889 | +136% |
| Land and buildings | 22 | €149,406 | €444,547 | +€295,141 | +198% |
| Plant, machinery and equipment | 23 | €45,516 | €37,633 | -€7,883 | -17.3% |
| Furniture and vehicles | 24 | €13,897 | €11,529 | -€2,368 | -17.0% |
| Current assets | 29/58 | €1,845,096 | €1,604,091 | -€241,006 | -13.1% |
| Stocks and contracts in progress | 3 | €459,131 | €291,038 | -€168,094 | -36.6% |
| Stocks | 30/36 | €459,131 | €291,038 | -€168,094 | -36.6% |
| Amounts receivable within one year | 40/41 | €1,007,140 | €1,041,979 | +€34,839 | +3.5% |
| Trade receivables | 40 | €42,099 | €45,797 | +€3,698 | +8.8% |
| Other amounts receivable | 41 | €965,041 | €996,182 | +€31,141 | +3.2% |
| Cash at bank and in hand | 54/58 | €378,182 | €269,902 | -€108,280 | -28.6% |
| Deferred charges and accrued income | 490/1 | €642 | €1,172 | +€530 | +82.5% |
| Total equity and liabilities | 10/49 | €2,056,771 | €2,099,925 | +€43,154 | +2.1% |
| Equity | 10/15 | €1,187,072 | €1,396,018 | +€208,946 | +17.6% |
| Contributions | 10/11 | €18,600 | €80,600 | +€62,000 | +333% |
| Reserves | 13 | €1,168,472 | €1,315,418 | +€146,946 | +12.6% |
| Distributable reserves | 133 | €1,168,472 | €1,315,418 | +€146,946 | +12.6% |
| Amounts payable | 17/49 | €869,699 | €703,907 | -€165,792 | -19.1% |
| Amounts payable within one year | 42/48 | €868,630 | €703,177 | -€165,453 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €776,150 | €307,237 | -€468,913 | -60.4% |
| Suppliers | 440/4 | €776,150 | €307,237 | -€468,913 | -60.4% |
| Taxes, remuneration and social security | 45 | €92,480 | €145,940 | +€53,460 | +57.8% |
| Taxes | 450/3 | €29,732 | €84,242 | +€54,510 | +183% |
| Remuneration and social security | 454/9 | €62,748 | €61,698 | -€1,050 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,069 | €730 | -€339 | -31.7% |
| Non-recurring operating income | 76A | €2,368 | €682 | -€1,687 | -71.2% |
| Remuneration, social security and pensions | 62 | €659,229 | €725,502 | +€66,273 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,557 | €78,219 | +€6,662 | +9.3% |
| Other operating charges | 640/8 | €39,140 | €35,353 | -€3,787 | -9.7% |
| Non-recurring operating charges | 66A | €3 | €8 | +€6 | +219% |
| Gross operating margin | 9900 | €821,737 | €866,470 | +€44,733 | +5.4% |
| Operating profit (loss) | 9901 | €51,809 | €27,388 | -€24,421 | -47.1% |
| Financial income | 75/76B | €20,475 | €30,565 | +€10,090 | +49.3% |
| Recurring financial income | 75 | €17,203 | €17,576 | +€374 | +2.2% |
| Non-recurring financial income | 76B | €3,272 | €12,989 | +€9,716 | +297% |
| Financial charges | 65/66B | €2,649 | €3,855 | +€1,206 | +45.5% |
| Recurring financial charges | 65 | €2,649 | €3,855 | +€1,206 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €69,635 | €54,098 | -€15,537 | -22.3% |
| Income taxes | 67/77 | €21,655 | €16,449 | -€5,206 | -24.0% |
| Profit (loss) for the period | 9904 | €47,981 | €37,649 | -€10,331 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,981 | €37,649 | -€10,331 | -21.5% |
Next steps
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.