GARAGE DEVISCH: what changed
Two fiscal 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 DEVISCH
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€37,442
2024 · €528,640-€491,198
Equity
€2.1m
2024 · €2.1m+€37,442
Cash
€645,057
2024 · €555,479+€89,578
Balance sheet total
€13.6m
2024 · €11.0m+€2.6m
Largest movements
Assets
- Stocks and contracts +€1.4m
up €1.4m (+29.5%), from €4.8m to €6.3m
- Receivables within one year +€469,186
up €469,186 (+16.9%), from €2.8m to €3.3m
of which Trade receivables: +€1.1m
- Receivables after one year +€400,000
new in 2025: €400,000
- Tangible fixed assets +€355,200
up €355,200 (+159.4%), from €222,768 to €577,968
of which Other tangible fixed assets: +€301,357
Equity and liabilities
- Other debts +€2.0m
up €2.0m (+2020.1%), from €100,000 to €2.1m
- Trade debts +€773,776
up €773,776 (+17.2%), from €4.5m to €5.3m
Income statement
- Staff costs +€424,151
up €424,151 (+18.0%), from €2.4m to €2.8m
- Gross operating margin -€241,752
down €241,752 (-6.9%), from €3.5m to €3.3m
- Taxes -€129,052
down €129,052 (-80.4%), from €160,609 to €31,558
- Financial charges -€92,407
down €92,407 (-41.6%), from €222,132 to €129,725
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
€528,640
Gross operating margin
-€241,752
Staff costs
-€424,151
Depreciation
+€4,027
Write-downs
-€1,250
Provisions
-€9,600
Other operating charges
-€4,733
Other operating items
-€44,970
Financial income
+€9,773
Financial charges
+€92,407
Taxes
+€129,052
Result 2025
€37,442
Cash bridge derived
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
+€722,737
Investment
-€458,263
Financing
-€174,896
Cash 2024
€555,479
From operations (derived)
+€722,737
Net result for the year
+€37,442
Depreciation
+€206,657
Receivables after one year
-€400,000
Stocks and contracts
-€1.4m
Receivables within one year
-€469,186
Deferred charges and accrued income
+€12,995
Trade debts
+€773,776
Tax, wage and social debts
-€71,842
Advances received
-€4,128
Other debts
+€2.0m
Accrued charges and deferred income
+€46,827
Investment (derived)
-€458,263
Investment in fixed assets (net)
-€458,263
Financing
-€174,896
Debts after one year
-€72,455
Current portion of long-term debt
-€60,997
Short-term financial debts
-€41,445
Cash 2025
€645,057
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,972,312 | €13,599,633 | +€2.6m | +23.9% |
| Fixed assets | 21/28 | €2,761,637 | €3,013,243 | +€251,606 | +9.1% |
| Intangible fixed assets | 21 | €397,626 | €294,032 | -€103,594 | -26.1% |
| Tangible fixed assets | 22/27 | €222,768 | €577,968 | +€355,200 | +159.4% |
| Land and buildings | 22 | €124,032 | €94,474 | -€29,558 | -23.8% |
| Plant, machinery and equipment | 23 | €73,615 | €113,404 | +€39,789 | +54.0% |
| Furniture and vehicles | 24 | €25,121 | €68,734 | +€43,613 | +173.6% |
| Other tangible fixed assets | 26 | - | €301,357 | +€301,357 | |
| Financial fixed assets | 28 | €2,141,243 | €2,141,243 | = | 0.0% |
| Current assets | 29/58 | €8,210,675 | €10,586,390 | +€2.4m | +28.9% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Other amounts receivable | 291 | - | €400,000 | +€400,000 | |
| Stocks and contracts in progress | 3 | €4,841,683 | €6,271,629 | +€1.4m | +29.5% |
| Stocks | 30/36 | €4,841,683 | €6,271,629 | +€1.4m | +29.5% |
| Amounts receivable within one year | 40/41 | €2,784,250 | €3,253,437 | +€469,186 | +16.9% |
| Trade receivables | 40 | €1,908,402 | €2,984,869 | +€1.1m | +56.4% |
| Other amounts receivable | 41 | €875,848 | €268,568 | -€607,280 | -69.3% |
| Cash at bank and in hand | 54/58 | €555,479 | €645,057 | +€89,578 | +16.1% |
| Deferred charges and accrued income | 490/1 | €29,263 | €16,268 | -€12,995 | -44.4% |
| Total equity and liabilities | 10/49 | €10,972,312 | €13,599,633 | +€2.6m | +23.9% |
| Equity | 10/15 | €2,085,858 | €2,123,300 | +€37,442 | +1.8% |
| Contributions | 10/11 | €352,600 | €352,600 | = | 0.0% |
| Reserves | 13 | €1,730,556 | €1,765,556 | +€35,000 | +2.0% |
| Tax-exempt reserves | 132 | €26,422 | €26,422 | = | 0.0% |
| Distributable reserves | 133 | €1,704,134 | €1,739,134 | +€35,000 | +2.1% |
| Profit (loss) carried forward | 14 | €2,702 | €5,144 | +€2,442 | +90.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €8,886,454 | €11,476,333 | +€2.6m | +29.1% |
| Amounts payable after more than one year | 17 | €2,869,069 | €2,796,615 | -€72,455 | -2.5% |
| Financial debts | 170/4 | €2,869,069 | €2,796,615 | -€72,455 | -2.5% |
| Amounts payable within one year | 42/48 | €5,960,632 | €8,576,139 | +€2.6m | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €233,451 | €172,455 | -€60,997 | -26.1% |
| Financial debts | 43 | €190,935 | €149,490 | -€41,445 | -21.7% |
| Credit institutions | 430/8 | €190,935 | €149,490 | -€41,445 | -21.7% |
| Trade debts | 44 | €4,511,495 | €5,285,271 | +€773,776 | +17.2% |
| Suppliers | 440/4 | €4,511,495 | €5,285,271 | +€773,776 | +17.2% |
| Advances received on contracts in progress | 46 | €235,482 | €231,354 | -€4,128 | -1.8% |
| Taxes, remuneration and social security | 45 | €689,270 | €617,428 | -€71,842 | -10.4% |
| Taxes | 450/3 | €278,478 | €218,860 | -€59,618 | -21.4% |
| Remuneration and social security | 454/9 | €410,792 | €398,568 | -€12,224 | -3.0% |
| Other amounts payable | 47/48 | €100,000 | €2,120,142 | +€2.0m | +2020.1% |
| Accrued charges and deferred income | 492/3 | €56,752 | €103,579 | +€46,827 | +82.5% |
| Non-recurring operating income | 76A | €298,100 | €0 | -€298,100 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,361,358 | €2,785,509 | +€424,151 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,684 | €206,657 | -€4,027 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,250 | +€1,250 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,600 | €0 | +€9,600 | |
| Other operating charges | 640/8 | €30,257 | €34,990 | +€4,733 | +15.6% |
| Non-recurring operating charges | 66A | - | €44,970 | +€44,970 | |
| Gross operating margin | 9900 | €3,499,823 | €3,258,071 | -€241,752 | -6.9% |
| Operating profit (loss) | 9901 | €907,124 | €184,694 | -€722,430 | -79.6% |
| Financial income | 75/76B | €4,257 | €14,030 | +€9,773 | +229.6% |
| Recurring financial income | 75 | €4,257 | €14,030 | +€9,773 | +229.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €222,132 | €129,725 | -€92,407 | -41.6% |
| Recurring financial charges | 65 | €222,132 | €129,725 | -€92,407 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €689,249 | €69,000 | -€620,249 | -90.0% |
| Income taxes | 67/77 | €160,609 | €31,558 | -€129,052 | -80.4% |
| Profit (loss) for the period | 9904 | €528,640 | €37,442 | -€491,198 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €528,640 | €37,442 | -€491,198 | -92.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.