Garage Denutte: what changed
Garage Denutte
Largest movements
- Stocks and contracts +€113,188
up €113,188 (+184%), from €61,643 to €174,831
- Cash -€14,826
down €14,826 (-48.2%), from €30,791 to €15,965
mainly Stocks and contracts (-€113,188) and Investment in fixed assets (net) (-€39,832)
- Tangible fixed assets -€10,050
down €10,050 (-3.8%), from €262,542 to €252,492
of which Plant, machinery and equipment: -€12,043
- Intangible fixed assets -€8,825
down €8,825 (-40.0%), from €22,063 to €13,238
- Short-term financial debts +€70,000
up €70,000 (+233%), from €30,000 to €100,000
- Trade debts +€66,447
up €66,447 (+138%), from €48,152 to €114,599
- Debts after one year -€34,493
down €34,493 (-39.9%), from €86,514 to €52,021
- Tax, wage and social debts -€21,359
down €21,359 (-42.3%), from €50,542 to €29,182
of which Taxes: -€33,790
- Other debts -€20,985
down €20,985 (-50.8%), from €41,286 to €20,301
- Gross operating margin +€104,733
up €104,733 (+77.9%), from €134,418 to €239,151
- Staff costs +€90,172
up €90,172 (+194%), from €46,572 to €136,744
- Depreciation +€8,838
up €8,838 (+17.7%), from €49,868 to €58,706
- Financial charges +€3,681
up €3,681 (+40.7%), from €9,045 to €12,726
- Financial income +€2,926
up €2,926 (+169%), from €1,735 to €4,661
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,204 | €499,790 | +€79,586 | +18.9% |
| Fixed assets | 21/28 | €284,950 | €266,075 | -€18,875 | -6.6% |
| Intangible fixed assets | 21 | €22,063 | €13,238 | -€8,825 | -40.0% |
| Tangible fixed assets | 22/27 | €262,542 | €252,492 | -€10,050 | -3.8% |
| Plant, machinery and equipment | 23 | €116,132 | €104,089 | -€12,043 | -10.4% |
| Furniture and vehicles | 24 | €81,683 | €92,708 | +€11,025 | +13.5% |
| Other tangible fixed assets | 26 | €64,727 | €55,695 | -€9,032 | -14.0% |
| Financial fixed assets | 28 | €345 | €345 | = | 0.0% |
| Current assets | 29/58 | €135,254 | €233,715 | +€98,461 | +72.8% |
| Stocks and contracts in progress | 3 | €61,643 | €174,831 | +€113,188 | +184% |
| Stocks | 30/36 | €61,643 | €174,831 | +€113,188 | +184% |
| Amounts receivable within one year | 40/41 | €35,867 | €40,550 | +€4,684 | +13.1% |
| Trade receivables | 40 | €35,867 | €40,550 | +€4,684 | +13.1% |
| Cash at bank and in hand | 54/58 | €30,791 | €15,965 | -€14,826 | -48.2% |
| Deferred charges and accrued income | 490/1 | €6,954 | €2,369 | -€4,585 | -65.9% |
| Total equity and liabilities | 10/49 | €420,204 | €499,790 | +€79,586 | +18.9% |
| Equity | 10/15 | €128,672 | €148,574 | +€19,902 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,072 | €129,974 | +€19,902 | +18.1% |
| Distributable reserves | 133 | €110,072 | €129,974 | +€19,902 | +18.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €291,532 | €351,216 | +€59,684 | +20.5% |
| Amounts payable after more than one year | 17 | €86,514 | €52,021 | -€34,493 | -39.9% |
| Financial debts | 170/4 | €86,514 | €52,021 | -€34,493 | -39.9% |
| Amounts payable within one year | 42/48 | €205,018 | €299,194 | +€94,177 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €35,038 | €35,112 | +€74 | +0.2% |
| Financial debts | 43 | €30,000 | €100,000 | +€70,000 | +233% |
| Credit institutions | 430/8 | €30,000 | €100,000 | +€70,000 | +233% |
| Trade debts | 44 | €48,152 | €114,599 | +€66,447 | +138% |
| Suppliers | 440/4 | €48,152 | €114,599 | +€66,447 | +138% |
| Taxes, remuneration and social security | 45 | €50,542 | €29,182 | -€21,359 | -42.3% |
| Taxes | 450/3 | €39,933 | €6,143 | -€33,790 | -84.6% |
| Remuneration and social security | 454/9 | €10,609 | €23,040 | +€12,431 | +117% |
| Other amounts payable | 47/48 | €41,286 | €20,301 | -€20,985 | -50.8% |
| Remuneration, social security and pensions | 62 | €46,572 | €136,744 | +€90,172 | +194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,868 | €58,706 | +€8,838 | +17.7% |
| Other operating charges | 640/8 | €4,172 | €5,925 | +€1,753 | +42.0% |
| Gross operating margin | 9900 | €134,418 | €239,151 | +€104,733 | +77.9% |
| Operating profit (loss) | 9901 | €33,806 | €37,776 | +€3,970 | +11.7% |
| Financial income | 75/76B | €1,735 | €4,661 | +€2,926 | +169% |
| Recurring financial income | 75 | €1,735 | €4,661 | +€2,926 | +169% |
| Financial charges | 65/66B | €9,045 | €12,726 | +€3,681 | +40.7% |
| Recurring financial charges | 65 | €9,045 | €12,726 | +€3,681 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €26,496 | €29,711 | +€3,215 | +12.1% |
| Income taxes | 67/77 | €8,218 | €9,809 | +€1,591 | +19.4% |
| Profit (loss) for the period | 9904 | €18,279 | €19,902 | +€1,623 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,279 | €19,902 | +€1,623 | +8.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.