Garage De Corte: what changed
What changed
Garage De Corte
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€21,303
2024 · €32,904-€11,601
Equity
€147,938
2024 · €126,635+€21,303
Cash
€185,895
2024 · €11,236+€174,659
Balance sheet total
€1.6m
2024 · €1.6m-€51,228
Largest movements
Assets
- Stocks and contracts -€232,801
down €232,801 (-27.6%), from €843,947 to €611,146
- Cash +€174,659
up €174,659 (+1,554%), from €11,236 to €185,895
mainly Stocks and contracts (+€232,801) and Other debts (+€68,845)
Equity and liabilities
- Other debts +€68,845
up €68,845 (+63.6%), from €108,332 to €177,177
- Trade debts -€65,982
down €65,982 (-7.4%), from €890,993 to €825,011
- Debts after one year -€47,115
down €47,115 (-31.1%), from €151,674 to €104,559
- Tax, wage and social debts -€24,010
down €24,010 (-28.5%), from €84,253 to €60,243
- Profit (loss) carried forward +€21,303
up €21,303 (+64.2%), from €33,175 to €54,478
Income statement
- Gross operating margin -€23,223
down €23,223 (-26.1%), from €88,942 to €65,719
- Taxes -€5,134
down €5,134 (-35.3%), from €14,536 to €9,402
- Financial charges -€4,275
down €4,275 (-13.2%), from €32,286 to €28,011
- Other operating charges -€2,760
down €2,760 (-28.6%), from €9,643 to €6,882
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
€32,904
Gross operating margin
-€23,223
Depreciation
-€124
Other operating charges
+€2,760
Financial income
-€424
Financial charges
+€4,275
Taxes
+€5,134
Result 2025
€21,303
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
+€227,068
Investment
-€1,026
Financing
-€51,384
Cash 2024
€11,236
From operations (derived)
+€227,068
Net result for the year
+€21,303
Depreciation
+€124
Stocks and contracts
+€232,801
Receivables within one year
-€10,809
Deferred charges and accrued income
+€4,796
Trade debts
-€65,982
Tax, wage and social debts
-€24,010
Other debts
+€68,845
Investment (derived)
-€1,026
Investment in fixed assets (net)
-€1,026
Financing
-€51,384
Debts after one year
-€47,115
Current portion of long-term debt
-€4,269
Cash 2025
€185,895
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,613,271 | €1,562,043 | -€51,228 | -3.2% |
| Fixed assets | 21/28 | - | €902 | +€902 | |
| Intangible fixed assets | 21 | - | €902 | +€902 | |
| Current assets | 29/58 | €1,613,271 | €1,561,141 | -€52,129 | -3.2% |
| Stocks and contracts in progress | 3 | €843,947 | €611,146 | -€232,801 | -27.6% |
| Stocks | 30/36 | €843,947 | €611,146 | -€232,801 | -27.6% |
| Amounts receivable within one year | 40/41 | €749,012 | €759,821 | +€10,809 | +1.4% |
| Trade receivables | 40 | €680,614 | €754,821 | +€74,207 | +10.9% |
| Other amounts receivable | 41 | €68,398 | €5,000 | -€63,398 | -92.7% |
| Cash at bank and in hand | 54/58 | €11,236 | €185,895 | +€174,659 | +1,554% |
| Deferred charges and accrued income | 490/1 | €9,075 | €4,280 | -€4,796 | -52.8% |
| Total equity and liabilities | 10/49 | €1,613,271 | €1,562,043 | -€51,228 | -3.2% |
| Equity | 10/15 | €126,635 | €147,938 | +€21,303 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,860 | €74,860 | = | 0.0% |
| Distributable reserves | 133 | €74,860 | €74,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,175 | €54,478 | +€21,303 | +64.2% |
| Amounts payable | 17/49 | €1,486,635 | €1,414,105 | -€72,531 | -4.9% |
| Amounts payable after more than one year | 17 | €151,674 | €104,559 | -€47,115 | -31.1% |
| Financial debts | 170/4 | €151,674 | €104,559 | -€47,115 | -31.1% |
| Amounts payable within one year | 42/48 | €1,334,962 | €1,309,546 | -€25,416 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €51,384 | €47,115 | -€4,269 | -8.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €890,993 | €825,011 | -€65,982 | -7.4% |
| Suppliers | 440/4 | €890,993 | €825,011 | -€65,982 | -7.4% |
| Taxes, remuneration and social security | 45 | €84,253 | €60,243 | -€24,010 | -28.5% |
| Taxes | 450/3 | €84,253 | €60,243 | -€24,010 | -28.5% |
| Other amounts payable | 47/48 | €108,332 | €177,177 | +€68,845 | +63.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €124 | +€124 | |
| Other operating charges | 640/8 | €9,643 | €6,882 | -€2,760 | -28.6% |
| Gross operating margin | 9900 | €88,942 | €65,719 | -€23,223 | -26.1% |
| Operating profit (loss) | 9901 | €79,299 | €58,712 | -€20,587 | -26.0% |
| Financial income | 75/76B | €427 | €4 | -€424 | -99.2% |
| Recurring financial income | 75 | €427 | €4 | -€424 | -99.2% |
| Financial charges | 65/66B | €32,286 | €28,011 | -€4,275 | -13.2% |
| Recurring financial charges | 65 | €32,286 | €28,011 | -€4,275 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €47,440 | €30,705 | -€16,735 | -35.3% |
| Income taxes | 67/77 | €14,536 | €9,402 | -€5,134 | -35.3% |
| Profit (loss) for the period | 9904 | €32,904 | €21,303 | -€11,601 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,904 | €21,303 | -€11,601 | -35.3% |
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 4 November 2026 via checked.be.