GARAGE DE MAEYER: 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.
What changed
GARAGE DE MAEYER
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€183,142
2024 · €268,078-€84,936
Equity
€2.3m
2024 · €2.1m+€183,142
Cash
€161,804
2024 · €310,899-€149,095
Balance sheet total
€3.8m
2024 · €3.9m-€100,431
Largest movements
Assets
- Current investments +€275,000
up €275,000 (+39.3%), from €700,000 to €975,000
- Cash -€149,095
down €149,095 (-48.0%), from €310,899 to €161,804
mainly Current investments (-€275,000) and Trade debts (-€137,188)
- Tangible fixed assets -€119,931
down €119,931 (-4.8%), from €2.5m to €2.4m
of which Land and buildings: -€110,604
- Receivables within one year -€97,104
down €97,104 (-35.4%), from €274,021 to €176,917
of which Trade receivables: -€88,196
Equity and liabilities
- Reserves +€183,142
up €183,142 (+10.5%), from €1.7m to €1.9m
- Trade debts -€137,188
down €137,188 (-72.9%), from €188,081 to €50,893
- Debts after one year -€126,390
down €126,390 (-10.2%), from €1.2m to €1.1m
Income statement
- Gross operating margin -€106,795
down €106,795 (-13.1%), from €813,935 to €707,141
- Taxes -€23,792
down €23,792 (-20.4%), from €116,900 to €93,108
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.
Result 2024
€268,078
Gross operating margin
-€106,795
Staff costs
+€2,082
Depreciation
-€2,621
Write-downs
-€513
Other operating charges
+€1,328
Financial income
-€3,773
Financial charges
+€1,564
Taxes
+€23,792
Result 2025
€183,142
raises the resultlowers the result
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.
From operations
+€256,519
Investment
-€280,964
Financing
-€124,651
Cash 2024
€310,899
From operations (derived)
+€256,519
Net result for the year
+€183,142
Depreciation
+€125,894
Stocks and contracts
+€10,698
Receivables within one year
+€97,104
Deferred charges and accrued income
-€1,397
Trade debts
-€137,188
Tax, wage and social debts
-€16,574
Advances received
-€1,495
Other debts
-€644
Accrued charges and deferred income
-€3,021
Investment (derived)
-€280,964
Investment in fixed assets (net)
-€5,964
Current investments
-€275,000
Financing
-€124,651
Debts after one year
-€126,390
Current portion of long-term debt
+€1,740
Cash 2025
€161,804
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,893,282 | €3,792,851 | -€100,431 | -2.6% |
| Fixed assets | 21/28 | €2,496,682 | €2,376,751 | -€119,931 | -4.8% |
| Tangible fixed assets | 22/27 | €2,496,682 | €2,376,751 | -€119,931 | -4.8% |
| Land and buildings | 22 | €2,459,362 | €2,348,758 | -€110,604 | -4.5% |
| Plant, machinery and equipment | 23 | €29,119 | €25,302 | -€3,817 | -13.1% |
| Furniture and vehicles | 24 | €8,201 | €2,691 | -€5,510 | -67.2% |
| Current assets | 29/58 | €1,396,600 | €1,416,101 | +€19,500 | +1.4% |
| Stocks and contracts in progress | 3 | €105,832 | €95,134 | -€10,698 | -10.1% |
| Stocks | 30/36 | €105,832 | €95,134 | -€10,698 | -10.1% |
| Amounts receivable within one year | 40/41 | €274,021 | €176,917 | -€97,104 | -35.4% |
| Trade receivables | 40 | €262,342 | €174,146 | -€88,196 | -33.6% |
| Other amounts receivable | 41 | €11,679 | €2,772 | -€8,908 | -76.3% |
| Current investments | 50/53 | €700,000 | €975,000 | +€275,000 | +39.3% |
| Cash at bank and in hand | 54/58 | €310,899 | €161,804 | -€149,095 | -48.0% |
| Deferred charges and accrued income | 490/1 | €5,849 | €7,245 | +€1,397 | +23.9% |
| Total equity and liabilities | 10/49 | €3,893,282 | €3,792,851 | -€100,431 | -2.6% |
| Equity | 10/15 | €2,130,001 | €2,313,143 | +€183,142 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,739,524 | €1,922,666 | +€183,142 | +10.5% |
| Distributable reserves | 133 | €1,739,524 | €1,922,666 | +€183,142 | +10.5% |
| Profit (loss) carried forward | 14 | €371,878 | €371,878 | = | 0.0% |
| Amounts payable | 17/49 | €1,763,281 | €1,479,708 | -€283,573 | -16.1% |
| Amounts payable after more than one year | 17 | €1,241,792 | €1,115,401 | -€126,390 | -10.2% |
| Financial debts | 170/4 | €1,241,792 | €1,115,401 | -€126,390 | -10.2% |
| Amounts payable within one year | 42/48 | €517,489 | €363,328 | -€154,161 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €124,651 | €126,390 | +€1,740 | +1.4% |
| Trade debts | 44 | €188,081 | €50,893 | -€137,188 | -72.9% |
| Suppliers | 440/4 | €188,081 | €50,893 | -€137,188 | -72.9% |
| Advances received on contracts in progress | 46 | €68,400 | €66,905 | -€1,495 | -2.2% |
| Taxes, remuneration and social security | 45 | €123,901 | €107,326 | -€16,574 | -13.4% |
| Taxes | 450/3 | €90,037 | €78,515 | -€11,521 | -12.8% |
| Remuneration and social security | 454/9 | €33,864 | €28,811 | -€5,053 | -14.9% |
| Other amounts payable | 47/48 | €12,457 | €11,813 | -€644 | -5.2% |
| Accrued charges and deferred income | 492/3 | €4,000 | €979 | -€3,021 | -75.5% |
| Remuneration, social security and pensions | 62 | €282,894 | €280,812 | -€2,082 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,273 | €125,894 | +€2,621 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€513 | €0 | +€513 | |
| Other operating charges | 640/8 | €22,751 | €21,423 | -€1,328 | -5.8% |
| Gross operating margin | 9900 | €813,935 | €707,141 | -€106,795 | -13.1% |
| Operating profit (loss) | 9901 | €385,530 | €279,012 | -€106,519 | -27.6% |
| Financial income | 75/76B | €20,273 | €16,501 | -€3,773 | -18.6% |
| Recurring financial income | 75 | €20,273 | €16,501 | -€3,773 | -18.6% |
| Financial charges | 65/66B | €20,826 | €19,262 | -€1,564 | -7.5% |
| Recurring financial charges | 65 | €20,826 | €19,262 | -€1,564 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €384,978 | €276,250 | -€108,728 | -28.2% |
| Income taxes | 67/77 | €116,900 | €93,108 | -€23,792 | -20.4% |
| Profit (loss) for the period | 9904 | €268,078 | €183,142 | -€84,936 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €268,078 | €183,142 | -€84,936 | -31.7% |
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 31 October 2026 via checked.be.