GARAGE DENOLF: 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 DENOLF
Largest movements
- Tangible fixed assets +€56,387
up €56,387 (+88.8%), from €63,500 to €119,887
of which Plant, machinery and equipment: +€56,969
- Stocks and contracts -€51,368
down €51,368 (-16.0%), from €320,698 to €269,330
- Cash +€33,061
up €33,061 (+34.4%), from €96,243 to €129,304
mainly Stocks and contracts (+€51,368) and Net result for the year (+€37,450)
- Receivables within one year -€5,303
down €5,303 (-39.6%), from €13,397 to €8,094
- Reserves +€37,000
up €37,000 (+34.7%), from €106,601 to €143,601
of which Distributable reserves: +€37,000
- Other debts +€29,551
up €29,551 (+135%), from €21,961 to €51,512
- Trade debts -€21,913
down €21,913 (-68.3%), from €32,089 to €10,176
- Debts after one year -€14,953
down €14,953 (-52.8%), from €28,327 to €13,374
- Depreciation -€46,057
down €46,057 (-75.8%), from €60,800 to €14,744
- Gross operating margin -€33,511
down €33,511 (-19.7%), from €169,949 to €136,438
- Taxes +€4,265
up €4,265 (+24.3%), from €17,563 to €21,828
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 | €493,838 | €526,614 | +€32,776 | +6.6% |
| Fixed assets | 21/28 | €63,500 | €119,887 | +€56,387 | +88.8% |
| Tangible fixed assets | 22/27 | €63,500 | €119,887 | +€56,387 | +88.8% |
| Plant, machinery and equipment | 23 | €61,414 | €118,383 | +€56,969 | +92.8% |
| Furniture and vehicles | 24 | €2,086 | €1,504 | -€582 | -27.9% |
| Current assets | 29/58 | €430,338 | €406,727 | -€23,611 | -5.5% |
| Stocks and contracts in progress | 3 | €320,698 | €269,330 | -€51,368 | -16.0% |
| Stocks | 30/36 | €320,698 | €269,330 | -€51,368 | -16.0% |
| Amounts receivable within one year | 40/41 | €13,397 | €8,094 | -€5,303 | -39.6% |
| Trade receivables | 40 | €13,397 | €8,094 | -€5,303 | -39.6% |
| Cash at bank and in hand | 54/58 | €96,243 | €129,304 | +€33,061 | +34.4% |
| Total equity and liabilities | 10/49 | €493,838 | €526,614 | +€32,776 | +6.6% |
| Equity | 10/15 | €369,668 | €407,117 | +€37,450 | +10.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €106,601 | €143,601 | +€37,000 | +34.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €401 | €401 | = | 0.0% |
| Distributable reserves | 133 | €103,700 | €140,700 | +€37,000 | +35.7% |
| Profit (loss) carried forward | 14 | €238,066 | €238,516 | +€450 | +0.2% |
| Amounts payable | 17/49 | €124,170 | €119,496 | -€4,674 | -3.8% |
| Amounts payable after more than one year | 17 | €28,327 | €13,374 | -€14,953 | -52.8% |
| Financial debts | 170/4 | €28,327 | €13,374 | -€14,953 | -52.8% |
| Amounts payable within one year | 42/48 | €95,844 | €106,123 | +€10,279 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €15,994 | €14,953 | -€1,041 | -6.5% |
| Financial debts | 43 | €1,713 | €1,702 | -€12 | -0.7% |
| Credit institutions | 430/8 | €1,713 | €1,702 | -€12 | -0.7% |
| Trade debts | 44 | €32,089 | €10,176 | -€21,913 | -68.3% |
| Suppliers | 440/4 | €32,089 | €10,176 | -€21,913 | -68.3% |
| Taxes, remuneration and social security | 45 | €24,087 | €27,780 | +€3,693 | +15.3% |
| Taxes | 450/3 | €19,901 | €18,893 | -€1,008 | -5.1% |
| Remuneration and social security | 454/9 | €4,185 | €8,887 | +€4,702 | +112% |
| Other amounts payable | 47/48 | €21,961 | €51,512 | +€29,551 | +135% |
| Remuneration, social security and pensions | 62 | €55,630 | €57,172 | +€1,542 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,800 | €14,744 | -€46,057 | -75.8% |
| Other operating charges | 640/8 | €725 | €863 | +€138 | +19.1% |
| Gross operating margin | 9900 | €169,949 | €136,438 | -€33,511 | -19.7% |
| Operating profit (loss) | 9901 | €52,794 | €63,659 | +€10,865 | +20.6% |
| Financial income | 75/76B | €115 | €5 | -€110 | -95.3% |
| Recurring financial income | 75 | €115 | €5 | -€110 | -95.3% |
| Financial charges | 65/66B | €5,846 | €4,387 | -€1,459 | -25.0% |
| Recurring financial charges | 65 | €5,846 | €4,387 | -€1,459 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €47,064 | €59,278 | +€12,214 | +26.0% |
| Income taxes | 67/77 | €17,563 | €21,828 | +€4,265 | +24.3% |
| Profit (loss) for the period | 9904 | €29,501 | €37,450 | +€7,949 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,501 | €37,450 | +€7,949 | +26.9% |
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 27 October 2026 via checked.be.