GARAGE DAVID COULEE: 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 DAVID COULEE
Largest movements
- Stocks and contracts -€131,278
down €131,278 (-32.8%), from €399,697 to €268,419
- Receivables within one year -€33,514
down €33,514 (-22.4%), from €149,559 to €116,045
of which Trade receivables: -€100,678
- Cash -€31,192
down €31,192 (-80.6%), from €38,701 to €7,509
mainly Net result for the year (-€186,354) and Debts after one year (-€98,664)
- Tangible fixed assets -€29,941
down €29,941 (-8.4%), from €357,971 to €328,030
of which Land and buildings: -€23,929
- Deferred charges and accrued income -€9,964
down €9,964 (-74.4%), from €13,385 to €3,422
- Profit (loss) carried forward -€186,354
down €186,354 (-134.0%), from -€139,107 to -€325,461
- Debts after one year -€98,664
down €98,664 (-33.5%), from €294,539 to €195,875
- Revaluation surpluses -€65,882
down €65,882 (-23.5%), from €280,000 to €214,118
- Reserves +€65,882
up €65,882 (+1432.2%), from €4,600 to €70,482
- Trade debts +€64,220
up €64,220 (+106.1%), from €60,542 to €124,762
- Gross operating margin -€65,160
down €65,160, from €31,653 to -€33,507
- Other operating charges +€30,266
up €30,266 (+180.8%), from €16,738 to €47,004
- Financial charges -€3,492
down €3,492 (-12.2%), from €28,717 to €25,225
- Staff costs +€1,088
up €1,088 (+2.2%), from €49,472 to €50,560
- Financial income +€773
up €773 (+127.8%), from €604 to €1,377
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.
Cash bridge derived
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 | €959,313 | €723,425 | -€235,888 | -24.6% |
| Fixed assets | 21/28 | €357,971 | €328,030 | -€29,941 | -8.4% |
| Tangible fixed assets | 22/27 | €357,971 | €328,030 | -€29,941 | -8.4% |
| Land and buildings | 22 | €339,658 | €315,729 | -€23,929 | -7.0% |
| Plant, machinery and equipment | 23 | €773 | €519 | -€253 | -32.8% |
| Furniture and vehicles | 24 | €209 | €0 | -€209 | -100.0% |
| Other tangible fixed assets | 26 | €17,331 | €11,782 | -€5,549 | -32.0% |
| Current assets | 29/58 | €601,342 | €395,394 | -€205,947 | -34.2% |
| Stocks and contracts in progress | 3 | €399,697 | €268,419 | -€131,278 | -32.8% |
| Stocks | 30/36 | €399,697 | €268,419 | -€131,278 | -32.8% |
| Amounts receivable within one year | 40/41 | €149,559 | €116,045 | -€33,514 | -22.4% |
| Trade receivables | 40 | €146,559 | €45,880 | -€100,678 | -68.7% |
| Other amounts receivable | 41 | €3,000 | €70,165 | +€67,165 | +2238.8% |
| Cash at bank and in hand | 54/58 | €38,701 | €7,509 | -€31,192 | -80.6% |
| Deferred charges and accrued income | 490/1 | €13,385 | €3,422 | -€9,964 | -74.4% |
| Total equity and liabilities | 10/49 | €959,313 | €723,425 | -€235,888 | -24.6% |
| Equity | 10/15 | €218,099 | €31,745 | -€186,354 | -85.4% |
| Contributions | 10/11 | €72,606 | €72,606 | = | 0.0% |
| Revaluation surpluses | 12 | €280,000 | €214,118 | -€65,882 | -23.5% |
| Reserves | 13 | €4,600 | €70,482 | +€65,882 | +1432.2% |
| Distributable reserves | 133 | €4,600 | €70,482 | +€65,882 | +1432.2% |
| Profit (loss) carried forward | 14 | -€139,107 | -€325,461 | -€186,354 | -134.0% |
| Amounts payable | 17/49 | €741,214 | €691,680 | -€49,535 | -6.7% |
| Amounts payable after more than one year | 17 | €294,539 | €195,875 | -€98,664 | -33.5% |
| Financial debts | 170/4 | €294,539 | €195,875 | -€98,664 | -33.5% |
| Amounts payable within one year | 42/48 | €446,676 | €495,805 | +€49,129 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €98,230 | €98,664 | +€434 | +0.4% |
| Financial debts | 43 | €225,000 | €225,000 | = | 0.0% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Trade debts | 44 | €60,542 | €124,762 | +€64,220 | +106.1% |
| Suppliers | 440/4 | €60,542 | €124,762 | +€64,220 | +106.1% |
| Taxes, remuneration and social security | 45 | €40,628 | €47,379 | +€6,751 | +16.6% |
| Taxes | 450/3 | €31,582 | €37,919 | +€6,338 | +20.1% |
| Remuneration and social security | 454/9 | €9,047 | €9,460 | +€413 | +4.6% |
| Other amounts payable | 47/48 | €22,275 | €0 | -€22,275 | -100.0% |
| Remuneration, social security and pensions | 62 | €49,472 | €50,560 | +€1,088 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,456 | €31,435 | -€21 | -0.1% |
| Other operating charges | 640/8 | €16,738 | €47,004 | +€30,266 | +180.8% |
| Gross operating margin | 9900 | €31,653 | -€33,507 | -€65,160 | |
| Operating profit (loss) | 9901 | -€66,013 | -€162,506 | -€96,493 | -146.2% |
| Financial income | 75/76B | €604 | €1,377 | +€773 | +127.8% |
| Recurring financial income | 75 | €604 | €1,377 | +€773 | +127.8% |
| Financial charges | 65/66B | €28,717 | €25,225 | -€3,492 | -12.2% |
| Recurring financial charges | 65 | €28,717 | €25,225 | -€3,492 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€94,125 | -€186,354 | -€92,229 | -98.0% |
| Profit (loss) for the period | 9904 | -€94,125 | -€186,354 | -€92,229 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,125 | -€186,354 | -€92,229 | -98.0% |
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 12 October 2026 via checked.be.