GARAGE DEBATY: 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 DEBATY
Largest movements
- Stocks and contracts +€94,070
up €94,070 (+39.9%), from €235,750 to €329,820
- Tangible fixed assets -€35,048
down €35,048 (-19.6%), from €179,199 to €144,151
of which Land and buildings: -€23,102
- Cash -€26,394
down €26,394 (-33.1%), from €79,816 to €53,422
mainly Stocks and contracts (-€94,070) and Trade debts (-€71,176)
- Receivables after one year -€14,000
down €14,000 (-5.9%), from €238,000 to €224,000
- Receivables within one year -€11,769
down €11,769 (-15.6%), from €75,302 to €63,533
of which Trade receivables: -€22,577
- Trade debts -€71,176
down €71,176 (-79.6%), from €89,404 to €18,228
- Current portion of long-term debt +€51,738
up €51,738 (+185%), from €27,938 to €79,676
- Profit (loss) carried forward +€37,472
up €37,472 (+9.8%), from €384,217 to €421,689
- Debts after one year -€14,011
down €14,011 (-27.1%), from €51,783 to €37,772
- Staff costs +€35,895
up €35,895 (+25.3%), from €142,037 to €177,932
- Gross operating margin +€28,641
up €28,641 (+11.3%), from €253,124 to €281,765
- Other operating charges -€23,490
down €23,490 (-61.7%), from €38,041 to €14,551
- Taxes +€9,429
up €9,429 (+263%), from €3,580 to €13,009
- Depreciation +€4,268
up €4,268 (+13.9%), from €30,780 to €35,048
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 | €1,081,800 | €1,088,660 | +€6,860 | +0.6% |
| Fixed assets | 21/28 | €179,199 | €144,151 | -€35,048 | -19.6% |
| Tangible fixed assets | 22/27 | €179,199 | €144,151 | -€35,048 | -19.6% |
| Land and buildings | 22 | €129,468 | €106,366 | -€23,102 | -17.8% |
| Plant, machinery and equipment | 23 | €29,086 | €22,688 | -€6,398 | -22.0% |
| Furniture and vehicles | 24 | €20,645 | €15,096 | -€5,549 | -26.9% |
| Current assets | 29/58 | €902,601 | €944,510 | +€41,909 | +4.6% |
| Amounts receivable after more than one year | 29 | €238,000 | €224,000 | -€14,000 | -5.9% |
| Other amounts receivable | 291 | €238,000 | €224,000 | -€14,000 | -5.9% |
| Stocks and contracts in progress | 3 | €235,750 | €329,820 | +€94,070 | +39.9% |
| Stocks | 30/36 | €235,750 | €329,820 | +€94,070 | +39.9% |
| Amounts receivable within one year | 40/41 | €75,302 | €63,533 | -€11,769 | -15.6% |
| Trade receivables | 40 | €47,071 | €24,494 | -€22,577 | -48.0% |
| Other amounts receivable | 41 | €28,231 | €39,039 | +€10,808 | +38.3% |
| Current investments | 50/53 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €79,816 | €53,422 | -€26,394 | -33.1% |
| Deferred charges and accrued income | 490/1 | €273,733 | €273,733 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €1,081,800 | €1,088,660 | +€6,860 | +0.6% |
| Equity | 10/15 | €770,504 | €807,977 | +€37,473 | +4.9% |
| Contributions | 10/11 | €312,000 | €312,000 | +€0 | 0.0% |
| Capital | 10 | €312,000 | €312,000 | +€0 | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | +€0 | 0.0% |
| Reserves | 13 | €74,287 | €74,287 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €31,200 | €31,200 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,777 | €20,777 | -€0 | 0.0% |
| Distributable reserves | 133 | €22,310 | €22,310 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €384,217 | €421,689 | +€37,472 | +9.8% |
| Amounts payable | 17/49 | €311,296 | €280,683 | -€30,613 | -9.8% |
| Amounts payable after more than one year | 17 | €51,783 | €37,772 | -€14,011 | -27.1% |
| Financial debts | 170/4 | €51,783 | €37,772 | -€14,011 | -27.1% |
| Amounts payable within one year | 42/48 | €259,513 | €242,911 | -€16,602 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €27,938 | €79,676 | +€51,738 | +185% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €89,404 | €18,228 | -€71,176 | -79.6% |
| Suppliers | 440/4 | €89,404 | €18,228 | -€71,176 | -79.6% |
| Taxes, remuneration and social security | 45 | €42,171 | €45,007 | +€2,836 | +6.7% |
| Taxes | 450/3 | €12,487 | €18,030 | +€5,543 | +44.4% |
| Remuneration and social security | 454/9 | €29,684 | €26,977 | -€2,707 | -9.1% |
| Remuneration, social security and pensions | 62 | €142,037 | €177,932 | +€35,895 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,780 | €35,048 | +€4,268 | +13.9% |
| Other operating charges | 640/8 | €38,041 | €14,551 | -€23,490 | -61.7% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €253,124 | €281,765 | +€28,641 | +11.3% |
| Operating profit (loss) | 9901 | €42,266 | €54,234 | +€11,968 | +28.3% |
| Financial income | 75/76B | €6,716 | €6,609 | -€107 | -1.6% |
| Recurring financial income | 75 | €6,716 | €6,609 | -€107 | -1.6% |
| Financial charges | 65/66B | €12,645 | €10,361 | -€2,284 | -18.1% |
| Recurring financial charges | 65 | €12,645 | €10,361 | -€2,284 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €36,337 | €50,482 | +€14,145 | +38.9% |
| Income taxes | 67/77 | €3,580 | €13,009 | +€9,429 | +263% |
| Profit (loss) for the period | 9904 | €32,757 | €37,472 | +€4,715 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,757 | €37,472 | +€4,715 | +14.4% |
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.