Garage Dams: what changed
What changed
Garage Dams
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€261,583
2024 · -€76,250+€337,834
Equity
€1.1m
2024 · €863,706+€261,583
Cash
€176,618
2024 · €1.2m-€1.1m
Balance sheet total
€2.9m
2024 · €4.4m-€1.4m
Largest movements
Assets
- Cash -€1.1m
down €1.1m (-85.8%), from €1.2m to €176,618
mainly Trade debts (-€1.6m) and Deferred charges and accrued income (-€600,968)
- Receivables within one year -€784,693
down €784,693 (-45.3%), from €1.7m to €946,241
of which Trade receivables: -€786,657
- Deferred charges and accrued income +€600,968
up €600,968 (+4,750%), from €12,653 to €613,621
- Stocks and contracts -€141,249
down €141,249 (-16.2%), from €871,171 to €729,922
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-88.8%), from €1.8m to €200,366
- Reserves +€261,583
up €261,583 (+31.2%), from €838,706 to €1.1m
of which Distributable reserves: +€264,083
Income statement
- Gross operating margin +€331,095
up €331,095 (+34.3%), from €965,004 to €1.3m
- Depreciation -€36,602
down €36,602 (-62.0%), from €59,040 to €22,437
- Staff costs +€14,087
up €14,087 (+1.6%), from €883,752 to €897,839
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
-€76,250
Gross operating margin
+€331,095
Staff costs
-€14,087
Depreciation
+€36,602
Write-downs
-€277
Other operating charges
-€2,088
Financial income
-€4,501
Financial charges
-€8,907
Taxes
-€4
Result 2025
€261,583
raises the resultlowers the result
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
-€1.0m
Investment
-€4,020
Financing
-€41,758
Cash 2024
€1.2m
From operations (derived)
-€1.0m
Net result for the year
+€261,583
Depreciation
+€22,437
Stocks and contracts
+€141,249
Receivables within one year
+€784,693
Deferred charges and accrued income
-€600,968
Trade debts
-€1.6m
Tax, wage and social debts
-€18,821
Other debts
-€31,064
Accrued charges and deferred income
-€616
Investment (derived)
-€4,020
Investment in fixed assets (net)
-€4,020
Financing
-€41,758
Current portion of long-term debt
-€41,758
Cash 2025
€176,618
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,354,872 | €2,942,960 | -€1.4m | -32.4% |
| Fixed assets | 21/28 | €494,975 | €476,558 | -€18,417 | -3.7% |
| Tangible fixed assets | 22/27 | €492,741 | €474,324 | -€18,417 | -3.7% |
| Land and buildings | 22 | €471,183 | €457,799 | -€13,384 | -2.8% |
| Plant, machinery and equipment | 23 | €16,229 | €14,058 | -€2,171 | -13.4% |
| Furniture and vehicles | 24 | €5,329 | €2,467 | -€2,862 | -53.7% |
| Financial fixed assets | 28 | €2,234 | €2,234 | = | 0.0% |
| Current assets | 29/58 | €3,859,897 | €2,466,402 | -€1.4m | -36.1% |
| Stocks and contracts in progress | 3 | €871,171 | €729,922 | -€141,249 | -16.2% |
| Stocks | 30/36 | €871,171 | €729,922 | -€141,249 | -16.2% |
| Amounts receivable within one year | 40/41 | €1,730,934 | €946,241 | -€784,693 | -45.3% |
| Trade receivables | 40 | €1,728,534 | €941,877 | -€786,657 | -45.5% |
| Other amounts receivable | 41 | €2,400 | €4,365 | +€1,965 | +81.9% |
| Cash at bank and in hand | 54/58 | €1,245,140 | €176,618 | -€1.1m | -85.8% |
| Deferred charges and accrued income | 490/1 | €12,653 | €613,621 | +€600,968 | +4,750% |
| Total equity and liabilities | 10/49 | €4,354,872 | €2,942,960 | -€1.4m | -32.4% |
| Equity | 10/15 | €863,706 | €1,125,290 | +€261,583 | +30.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €838,706 | €1,100,290 | +€261,583 | +31.2% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Tax-exempt reserves | 132 | €6,445 | €6,445 | = | 0.0% |
| Distributable reserves | 133 | €829,761 | €1,093,844 | +€264,083 | +31.8% |
| Amounts payable | 17/49 | €3,491,166 | €1,817,671 | -€1.7m | -47.9% |
| Amounts payable after more than one year | 17 | €1,205,000 | €1,205,000 | = | 0.0% |
| Financial debts | 170/4 | €1,205,000 | €1,205,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,279,386 | €606,507 | -€1.7m | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €41,758 | - | -€41,758 | |
| Trade debts | 44 | €1,781,602 | €200,366 | -€1.6m | -88.8% |
| Suppliers | 440/4 | €1,781,602 | €200,366 | -€1.6m | -88.8% |
| Taxes, remuneration and social security | 45 | €156,231 | €137,410 | -€18,821 | -12.0% |
| Taxes | 450/3 | €14,247 | €20,370 | +€6,123 | +43.0% |
| Remuneration and social security | 454/9 | €141,984 | €117,040 | -€24,944 | -17.6% |
| Other amounts payable | 47/48 | €299,795 | €268,731 | -€31,064 | -10.4% |
| Accrued charges and deferred income | 492/3 | €6,780 | €6,164 | -€616 | -9.1% |
| Remuneration, social security and pensions | 62 | €883,752 | €897,839 | +€14,087 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,040 | €22,437 | -€36,602 | -62.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €277 | +€277 | |
| Other operating charges | 640/8 | €35,548 | €37,636 | +€2,088 | +5.9% |
| Gross operating margin | 9900 | €965,004 | €1,296,099 | +€331,095 | +34.3% |
| Operating profit (loss) | 9901 | -€13,336 | €337,909 | +€351,246 | |
| Financial income | 75/76B | €7,737 | €3,235 | -€4,501 | -58.2% |
| Recurring financial income | 75 | €7,737 | €3,235 | -€4,501 | -58.2% |
| Financial charges | 65/66B | €70,463 | €79,370 | +€8,907 | +12.6% |
| Recurring financial charges | 65 | €70,463 | €79,370 | +€8,907 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€76,063 | €261,775 | +€337,838 | |
| Income taxes | 67/77 | €187 | €191 | +€4 | +2.1% |
| Profit (loss) for the period | 9904 | -€76,250 | €261,583 | +€337,834 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,250 | €261,583 | +€337,834 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.