GARAGE DE RO: 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 RO
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€51,884
2023 · €21,317-€73,202
Equity
€98,908
2023 · €150,792-€51,884
Cash
€48,244
2023 · €11,336+€36,908
Balance sheet total
€2.0m
2023 · €1.9m+€127,242
Largest movements
Assets
- Stocks and contracts +€214,122
up €214,122 (+42.0%), from €509,404 to €723,527
- Receivables within one year -€137,306
down €137,306 (-49.2%), from €279,084 to €141,778
of which Trade receivables: -€154,831
- Cash +€36,908
up €36,908 (+326%), from €11,336 to €48,244
mainly Trade debts (+€184,937) and Receivables within one year (+€137,306)
Equity and liabilities
- Trade debts +€184,937
up €184,937 (+3,088%), from €5,989 to €190,927
- Profit (loss) carried forward -€51,884
down €51,884 (-62.8%), from €82,592 to €30,708
- Other debts +€45,000
up €45,000 (+11.1%), from €405,000 to €450,000
- Current portion of long-term debt -€35,625
down €35,625 (-17.6%), from €202,170 to €166,545
Income statement
- Gross operating margin -€24,758
down €24,758 (-4.1%), from €608,515 to €583,757
- Other operating charges +€20,287
up €20,287 (+141%), from €14,358 to €34,646
- Staff costs +€13,837
up €13,837 (+3.3%), from €417,942 to €431,779
- Financial charges +€13,373
up €13,373 (+28.4%), from €47,152 to €60,525
From the 2023 result to the 2024 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 2023
€21,317
Gross operating margin
-€24,758
Staff costs
-€13,837
Depreciation
-€3,472
Provisions
+€2,387
Other operating charges
-€20,287
Financial income
+€459
Financial charges
-€13,373
Taxes
-€320
Result 2024
-€51,884
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€209,279
Investment
-€114,002
Financing
-€58,369
Cash 2023
€11,336
From operations (derived)
+€209,279
Net result for the year
-€51,884
Depreciation
+€108,815
Stocks and contracts
-€214,122
Receivables within one year
+€137,306
Deferred charges and accrued income
-€8,330
Trade debts
+€184,937
Tax, wage and social debts
+€3,566
Advances received
+€3,942
Other debts
+€45,000
Accrued charges and deferred income
+€50
Investment (derived)
-€114,002
Investment in fixed assets (net)
-€114,002
Financing
-€58,369
Debts after one year
-€15,981
Current portion of long-term debt
-€35,625
Short-term financial debts
-€6,763
Cash 2024
€48,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,854,618 | €1,981,860 | +€127,242 | +6.9% |
| Fixed assets | 21/28 | €1,047,264 | €1,052,451 | +€5,187 | +0.5% |
| Intangible fixed assets | 21 | €20,801 | €18,594 | -€2,208 | -10.6% |
| Tangible fixed assets | 22/27 | €1,025,362 | €1,032,757 | +€7,395 | +0.7% |
| Land and buildings | 22 | €764,679 | €736,349 | -€28,329 | -3.7% |
| Plant, machinery and equipment | 23 | €169,108 | €193,525 | +€24,417 | +14.4% |
| Furniture and vehicles | 24 | €91,575 | €102,882 | +€11,307 | +12.3% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €807,354 | €929,409 | +€122,055 | +15.1% |
| Stocks and contracts in progress | 3 | €509,404 | €723,527 | +€214,122 | +42.0% |
| Stocks | 30/36 | €509,404 | €723,527 | +€214,122 | +42.0% |
| Amounts receivable within one year | 40/41 | €279,084 | €141,778 | -€137,306 | -49.2% |
| Trade receivables | 40 | €177,287 | €22,456 | -€154,831 | -87.3% |
| Other amounts receivable | 41 | €101,797 | €119,322 | +€17,525 | +17.2% |
| Cash at bank and in hand | 54/58 | €11,336 | €48,244 | +€36,908 | +326% |
| Deferred charges and accrued income | 490/1 | €7,531 | €15,861 | +€8,330 | +111% |
| Total equity and liabilities | 10/49 | €1,854,618 | €1,981,860 | +€127,242 | +6.9% |
| Equity | 10/15 | €150,792 | €98,908 | -€51,884 | -34.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,592 | €30,708 | -€51,884 | -62.8% |
| Amounts payable | 17/49 | €1,703,826 | €1,882,952 | +€179,126 | +10.5% |
| Amounts payable after more than one year | 17 | €1,062,342 | €1,046,361 | -€15,981 | -1.5% |
| Financial debts | 170/4 | €1,062,342 | €1,046,361 | -€15,981 | -1.5% |
| Amounts payable within one year | 42/48 | €641,484 | €836,541 | +€195,057 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €202,170 | €166,545 | -€35,625 | -17.6% |
| Financial debts | 43 | €6,763 | - | -€6,763 | |
| Other loans | 439 | €6,763 | - | -€6,763 | |
| Trade debts | 44 | €5,989 | €190,927 | +€184,937 | +3,088% |
| Suppliers | 440/4 | €5,989 | €190,927 | +€184,937 | +3,088% |
| Advances received on contracts in progress | 46 | €661 | €4,603 | +€3,942 | +596% |
| Taxes, remuneration and social security | 45 | €20,900 | €24,466 | +€3,566 | +17.1% |
| Taxes | 450/3 | - | €1,438 | +€1,438 | |
| Remuneration and social security | 454/9 | €20,900 | €23,028 | +€2,128 | +10.2% |
| Other amounts payable | 47/48 | €405,000 | €450,000 | +€45,000 | +11.1% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Non-recurring operating income | 76A | €130 | €308 | +€178 | +137% |
| Remuneration, social security and pensions | 62 | €417,942 | €431,779 | +€13,837 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,343 | €108,815 | +€3,472 | +3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,387 | - | -€2,387 | |
| Other operating charges | 640/8 | €14,358 | €34,646 | +€20,287 | +141% |
| Gross operating margin | 9900 | €608,515 | €583,757 | -€24,758 | -4.1% |
| Operating profit (loss) | 9901 | €68,485 | €8,518 | -€59,968 | -87.6% |
| Financial income | 75/76B | €362 | €821 | +€459 | +127% |
| Recurring financial income | 75 | €362 | €821 | +€459 | +127% |
| Financial charges | 65/66B | €47,152 | €60,525 | +€13,373 | +28.4% |
| Recurring financial charges | 65 | €47,152 | €60,525 | +€13,373 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €21,695 | -€51,186 | -€72,882 | |
| Income taxes | 67/77 | €378 | €698 | +€320 | +84.6% |
| Profit (loss) for the period | 9904 | €21,317 | -€51,884 | -€73,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,317 | -€51,884 | -€73,202 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.