Garage Delta: 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 Delta
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€431,497
2024 · €75,716+€355,781
Equity
€635,931
2024 · €640,434-€4,503
Cash
€272,519
2024 · €265,943+€6,575
Balance sheet total
€1.2m
2024 · €728,074+€488,440
Largest movements
Assets
- Receivables within one year +€583,520
up €583,520 (+12,340%), from €4,729 to €588,249
of which Trade receivables: +€585,250
- Tangible fixed assets -€101,927
down €101,927 (-41.2%), from €247,436 to €145,509
of which Land and buildings: -€101,878
Equity and liabilities
- Other debts +€356,000
up €356,000 (+442%), from €80,452 to €436,452
- Tax, wage and social debts +€135,862
up €135,862 (+28,734%), from €473 to €136,335
Income statement
- Gross operating margin +€493,829
up €493,829 (+381%), from €129,535 to €623,363
- Taxes +€136,582
up €136,582 (+448%), from €30,473 to €167,055
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
€75,716
Gross operating margin
+€493,829
Depreciation
+€722
Other operating charges
-€734
Other operating items
-€49
Financial income
-€1,436
Financial charges
+€31
Taxes
-€136,582
Result 2025
€431,497
raises the resultlowers the resultnot broken down further in the accounts
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
+€350,587
Investment
+€91,988
Financing
-€436,000
Cash 2024
€265,943
From operations (derived)
+€350,587
Net result for the year
+€431,497
Depreciation
+€9,939
Receivables within one year
-€583,520
Deferred charges and accrued income
-€271
Provisions
-€1,679
Trade debts
+€2,759
Tax, wage and social debts
+€135,862
Other debts
+€356,000
Investment (derived)
+€91,988
Investment in fixed assets (net)
+€91,988
Financing
-€436,000
Contributions, distributions and other
-€436,000
Cash 2025
€272,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €728,074 | €1,216,514 | +€488,440 | +67.1% |
| Fixed assets | 21/28 | €248,826 | €146,899 | -€101,927 | -41.0% |
| Tangible fixed assets | 22/27 | €247,436 | €145,509 | -€101,927 | -41.2% |
| Land and buildings | 22 | €247,387 | €145,509 | -€101,878 | -41.2% |
| Furniture and vehicles | 24 | €49 | €0 | -€49 | -100% |
| Financial fixed assets | 28 | €1,390 | €1,390 | = | 0.0% |
| Current assets | 29/58 | €479,248 | €1,069,615 | +€590,367 | +123% |
| Amounts receivable within one year | 40/41 | €4,729 | €588,249 | +€583,520 | +12,340% |
| Trade receivables | 40 | €2,420 | €587,670 | +€585,250 | +24,184% |
| Other amounts receivable | 41 | €2,309 | €579 | -€1,730 | -74.9% |
| Current investments | 50/53 | €207,957 | €207,957 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €265,943 | €272,519 | +€6,575 | +2.5% |
| Deferred charges and accrued income | 490/1 | €619 | €891 | +€271 | +43.8% |
| Total equity and liabilities | 10/49 | €728,074 | €1,216,514 | +€488,440 | +67.1% |
| Equity | 10/15 | €640,434 | €635,931 | -€4,503 | -0.7% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €540,524 | €535,488 | -€5,036 | -0.9% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,146 | €15,109 | -€5,036 | -25.0% |
| Distributable reserves | 133 | €510,463 | €510,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | €753 | €1,286 | +€533 | +70.9% |
| Provisions and deferred taxes | 16 | €6,715 | €5,036 | -€1,679 | -25.0% |
| Deferred taxes | 168 | €6,715 | €5,036 | -€1,679 | -25.0% |
| Amounts payable | 17/49 | €80,925 | €575,546 | +€494,621 | +611% |
| Amounts payable within one year | 42/48 | €80,925 | €575,546 | +€494,621 | +611% |
| Trade debts | 44 | €0 | €2,759 | +€2,759 | |
| Suppliers | 440/4 | €0 | €2,759 | +€2,759 | |
| Taxes, remuneration and social security | 45 | €473 | €136,335 | +€135,862 | +28,734% |
| Taxes | 450/3 | €473 | €136,335 | +€135,862 | +28,734% |
| Other amounts payable | 47/48 | €80,452 | €436,452 | +€356,000 | +442% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €493,061 | +€493,061 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,661 | €9,939 | -€722 | -6.8% |
| Other operating charges | 640/8 | €19,107 | €19,841 | +€734 | +3.8% |
| Non-recurring operating charges | 66A | - | €49 | +€49 | |
| Gross operating margin | 9900 | €129,535 | €623,363 | +€493,829 | +381% |
| Operating profit (loss) | 9901 | €99,767 | €593,534 | +€493,767 | +495% |
| Financial income | 75/76B | €4,838 | €3,403 | -€1,436 | -29.7% |
| Recurring financial income | 75 | €4,838 | €3,403 | -€1,436 | -29.7% |
| Financial charges | 65/66B | €94 | €63 | -€31 | -33.0% |
| Recurring financial charges | 65 | €94 | €63 | -€31 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €104,510 | €596,873 | +€492,363 | +471% |
| Transfer from deferred taxes | 780 | €1,679 | €1,679 | = | 0.0% |
| Income taxes | 67/77 | €30,473 | €167,055 | +€136,582 | +448% |
| Profit (loss) for the period | 9904 | €75,716 | €431,497 | +€355,781 | +470% |
| Transfer from tax-exempt reserves | 789 | €5,036 | €5,036 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,753 | €436,533 | +€355,781 | +441% |
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.