GARAGE DE WOLF: 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 DE WOLF
Largest movements
- Cash -€53,482
down €53,482 (-36.3%), from €147,242 to €93,760
mainly Investment in fixed assets (net) (-€89,873) and Trade debts (-€85,590)
- Stocks and contracts -€17,011
down €17,011 (-11.0%), from €155,257 to €138,246
- Tangible fixed assets +€10,966
up €10,966 (+1.8%), from €602,201 to €613,167
of which Land and buildings: +€41,611
- Trade debts -€85,590
down €85,590 (-40.8%), from €209,603 to €124,013
- Other debts +€77,818
up €77,818 (+54.0%), from €144,050 to €221,867
- Profit (loss) carried forward -€38,099
down €38,099 (-23.0%), from -€165,912 to -€204,011
- Debts after one year -€18,917
down €18,917 (-10.9%), from €174,226 to €155,310
- Gross operating margin -€38,039
down €38,039 (-17.3%), from €220,370 to €182,332
- Staff costs +€13,372
up €13,372 (+13.7%), from €97,503 to €110,875
- Depreciation +€10,156
up €10,156 (+14.8%), from €68,751 to €78,907
- Taxes +€7,151
new in 2025: €7,151
- Other operating charges +€5,734
up €5,734 (+48.9%), from €11,729 to €17,463
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €943,118 | €881,560 | -€61,558 | -6.5% |
| Fixed assets | 21/28 | €605,201 | €616,167 | +€10,966 | +1.8% |
| Tangible fixed assets | 22/27 | €602,201 | €613,167 | +€10,966 | +1.8% |
| Land and buildings | 22 | €379,784 | €421,395 | +€41,611 | +11.0% |
| Plant, machinery and equipment | 23 | €171,478 | €151,074 | -€20,404 | -11.9% |
| Furniture and vehicles | 24 | €50,939 | €40,698 | -€10,241 | -20.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €337,917 | €265,393 | -€72,523 | -21.5% |
| Stocks and contracts in progress | 3 | €155,257 | €138,246 | -€17,011 | -11.0% |
| Stocks | 30/36 | €155,257 | €138,246 | -€17,011 | -11.0% |
| Amounts receivable within one year | 40/41 | €35,417 | €33,387 | -€2,030 | -5.7% |
| Trade receivables | 40 | €19,534 | €33,387 | +€13,853 | +70.9% |
| Other amounts receivable | 41 | €15,883 | - | -€15,883 | |
| Cash at bank and in hand | 54/58 | €147,242 | €93,760 | -€53,482 | -36.3% |
| Total equity and liabilities | 10/49 | €943,118 | €881,560 | -€61,558 | -6.5% |
| Equity | 10/15 | €415,238 | €377,139 | -€38,099 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €562,551 | €562,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €560,691 | €560,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,912 | -€204,011 | -€38,099 | -23.0% |
| Amounts payable | 17/49 | €527,879 | €504,421 | -€23,459 | -4.4% |
| Amounts payable after more than one year | 17 | €174,226 | €155,310 | -€18,917 | -10.9% |
| Financial debts | 170/4 | €174,226 | €155,310 | -€18,917 | -10.9% |
| Amounts payable within one year | 42/48 | €353,653 | €349,111 | -€4,542 | -1.3% |
| Trade debts | 44 | €209,603 | €124,013 | -€85,590 | -40.8% |
| Suppliers | 440/4 | €209,603 | €124,013 | -€85,590 | -40.8% |
| Taxes, remuneration and social security | 45 | - | €3,231 | +€3,231 | |
| Taxes | 450/3 | - | €3,231 | +€3,231 | |
| Other amounts payable | 47/48 | €144,050 | €221,867 | +€77,818 | +54.0% |
| Remuneration, social security and pensions | 62 | €97,503 | €110,875 | +€13,372 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,751 | €78,907 | +€10,156 | +14.8% |
| Other operating charges | 640/8 | €11,729 | €17,463 | +€5,734 | +48.9% |
| Gross operating margin | 9900 | €220,370 | €182,332 | -€38,039 | -17.3% |
| Operating profit (loss) | 9901 | €42,388 | -€24,913 | -€67,301 | |
| Financial income | 75/76B | €566 | €293 | -€273 | -48.2% |
| Recurring financial income | 75 | €566 | €293 | -€273 | -48.2% |
| Financial charges | 65/66B | €5,444 | €6,328 | +€884 | +16.2% |
| Recurring financial charges | 65 | €5,444 | €6,328 | +€884 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €37,509 | -€30,948 | -€68,458 | |
| Income taxes | 67/77 | - | €7,151 | +€7,151 | |
| Profit (loss) for the period | 9904 | €37,509 | -€38,099 | -€75,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,509 | -€38,099 | -€75,608 |
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 29 October 2026 via checked.be.