Garage Dewulf: 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 Dewulf
Largest movements
- Cash +€72,952
up €72,952 (+47.1%), from €154,926 to €227,878
mainly Net result for the year (+€148,232) and Depreciation (+€47,158)
- Receivables within one year -€21,975
down €21,975 (-27.0%), from €81,531 to €59,556
of which Trade receivables: -€29,969
- Tangible fixed assets +€14,111
up €14,111 (+3.8%), from €367,251 to €381,362
of which Furniture and vehicles: +€31,478
- Stocks and contracts -€9,653
down €9,653 (-10.2%), from €94,315 to €84,662
- Reserves +€148,232
up €148,232 (+46.7%), from €317,574 to €465,806
of which Distributable reserves: +€74,557
- Other debts -€80,996
down €80,996 (-28.1%), from €287,739 to €206,743
- Debts after one year -€8,100
down €8,100 (-19.7%), from €41,175 to €33,075
- Gross operating margin +€44,523
up €44,523 (+20.7%), from €214,895 to €259,418
- Financial charges +€19,021
up €19,021 (+2,639%), from €721 to €19,741
- Taxes +€3,799
up €3,799 (+10.6%), from €35,842 to €39,642
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 | €702,365 | €757,336 | +€54,971 | +7.8% |
| Fixed assets | 21/28 | €367,251 | €381,362 | +€14,111 | +3.8% |
| Tangible fixed assets | 22/27 | €367,251 | €381,362 | +€14,111 | +3.8% |
| Land and buildings | 22 | €331,543 | €316,472 | -€15,071 | -4.5% |
| Plant, machinery and equipment | 23 | €18,703 | €16,406 | -€2,297 | -12.3% |
| Furniture and vehicles | 24 | €17,005 | €48,483 | +€31,478 | +185% |
| Current assets | 29/58 | €335,114 | €375,974 | +€40,860 | +12.2% |
| Stocks and contracts in progress | 3 | €94,315 | €84,662 | -€9,653 | -10.2% |
| Stocks | 30/36 | €94,315 | €84,662 | -€9,653 | -10.2% |
| Amounts receivable within one year | 40/41 | €81,531 | €59,556 | -€21,975 | -27.0% |
| Trade receivables | 40 | €81,531 | €51,562 | -€29,969 | -36.8% |
| Other amounts receivable | 41 | €0 | €7,994 | +€7,994 | |
| Cash at bank and in hand | 54/58 | €154,926 | €227,878 | +€72,952 | +47.1% |
| Deferred charges and accrued income | 490/1 | €4,342 | €3,878 | -€464 | -10.7% |
| Total equity and liabilities | 10/49 | €702,365 | €757,336 | +€54,971 | +7.8% |
| Equity | 10/15 | €318,574 | €466,806 | +€148,232 | +46.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €317,574 | €465,806 | +€148,232 | +46.7% |
| Tax-exempt reserves | 132 | - | €73,675 | +€73,675 | |
| Distributable reserves | 133 | €317,574 | €392,131 | +€74,557 | +23.5% |
| Amounts payable | 17/49 | €383,791 | €290,530 | -€93,261 | -24.3% |
| Amounts payable after more than one year | 17 | €41,175 | €33,075 | -€8,100 | -19.7% |
| Financial debts | 170/4 | €41,175 | €33,075 | -€8,100 | -19.7% |
| Amounts payable within one year | 42/48 | €342,616 | €257,455 | -€85,161 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €8,100 | €8,100 | = | 0.0% |
| Trade debts | 44 | €26,449 | €23,204 | -€3,245 | -12.3% |
| Suppliers | 440/4 | €26,449 | €23,204 | -€3,245 | -12.3% |
| Taxes, remuneration and social security | 45 | €20,328 | €19,408 | -€920 | -4.5% |
| Taxes | 450/3 | €14,714 | €13,762 | -€953 | -6.5% |
| Remuneration and social security | 454/9 | €5,614 | €5,646 | +€32 | +0.6% |
| Other amounts payable | 47/48 | €287,739 | €206,743 | -€80,996 | -28.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,232 | €11,612 | +€7,380 | +174% |
| Remuneration, social security and pensions | 62 | - | €220 | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,172 | €47,158 | -€2,014 | -4.1% |
| Other operating charges | 640/8 | €4,225 | €4,470 | +€245 | +5.8% |
| Gross operating margin | 9900 | €214,895 | €259,418 | +€44,523 | +20.7% |
| Operating profit (loss) | 9901 | €161,498 | €207,570 | +€46,072 | +28.5% |
| Financial income | 75/76B | €1 | €45 | +€43 | +4,024% |
| Recurring financial income | 75 | €1 | €45 | +€43 | +4,024% |
| Financial charges | 65/66B | €721 | €19,741 | +€19,021 | +2,639% |
| Recurring financial charges | 65 | €721 | €19,741 | +€19,021 | +2,639% |
| Profit (loss) for the period before taxes | 9903 | €160,778 | €187,873 | +€27,095 | +16.9% |
| Income taxes | 67/77 | €35,842 | €39,642 | +€3,799 | +10.6% |
| Profit (loss) for the period | 9904 | €124,936 | €148,232 | +€23,296 | +18.6% |
| Transfer to tax-exempt reserves | 689 | - | €73,675 | +€73,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,936 | €74,557 | -€50,379 | -40.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.