GARAGE ENGELS: 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 ENGELS
Largest movements
- Stocks and contracts +€218,734
up €218,734 (+65.1%), from €335,776 to €554,509
- Cash -€133,451
down €133,451 (-62.2%), from €214,700 to €81,249
mainly Stocks and contracts (-€218,734) and Investment in fixed assets (net) (-€41,103)
- Receivables within one year +€30,651
up €30,651 (+543%), from €5,641 to €36,292
of which Trade receivables: +€16,252
- Reserves +€60,819
up €60,819 (+38.9%), from €156,349 to €217,168
- Trade debts +€50,458
up €50,458 (+69.8%), from €72,288 to €122,746
- Advances received -€29,265
down €29,265 (-100%), from €29,265 to €0
- Tax, wage and social debts +€21,338
up €21,338 (+111%), from €19,166 to €40,503
of which Remuneration and social security: +€18,794
- Other debts +€21,056
up €21,056 (+4.6%), from €456,984 to €478,039
- Gross operating margin +€12,526
up €12,526 (+4.7%), from €268,331 to €280,857
- Depreciation -€8,992
down €8,992 (-21.5%), from €41,798 to €32,806
- Staff costs -€7,821
down €7,821 (-5.9%), from €131,626 to €123,805
- Write-downs +€7,250
new in 2025: €7,250
- Taxes +€6,925
up €6,925 (+44.1%), from €15,708 to €22,633
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 | €793,571 | €917,976 | +€124,405 | +15.7% |
| Fixed assets | 21/28 | €237,415 | €245,712 | +€8,297 | +3.5% |
| Tangible fixed assets | 22/27 | €237,415 | €245,712 | +€8,297 | +3.5% |
| Land and buildings | 22 | €189,983 | €175,095 | -€14,888 | -7.8% |
| Plant, machinery and equipment | 23 | €45,211 | €68,343 | +€23,132 | +51.2% |
| Furniture and vehicles | 24 | €2,221 | €2,274 | +€54 | +2.4% |
| Current assets | 29/58 | €556,157 | €672,264 | +€116,108 | +20.9% |
| Stocks and contracts in progress | 3 | €335,776 | €554,509 | +€218,734 | +65.1% |
| Stocks | 30/36 | €335,776 | €554,509 | +€218,734 | +65.1% |
| Amounts receivable within one year | 40/41 | €5,641 | €36,292 | +€30,651 | +543% |
| Trade receivables | 40 | €5,641 | €21,893 | +€16,252 | +288% |
| Other amounts receivable | 41 | €0 | €14,399 | +€14,399 | |
| Cash at bank and in hand | 54/58 | €214,700 | €81,249 | -€133,451 | -62.2% |
| Deferred charges and accrued income | 490/1 | €39 | €213 | +€174 | +441% |
| Total equity and liabilities | 10/49 | €793,571 | €917,976 | +€124,405 | +15.7% |
| Equity | 10/15 | €215,869 | €276,688 | +€60,819 | +28.2% |
| Contributions | 10/11 | €59,520 | €59,520 | = | 0.0% |
| Reserves | 13 | €156,349 | €217,168 | +€60,819 | +38.9% |
| Distributable reserves | 133 | €156,349 | €217,168 | +€60,819 | +38.9% |
| Amounts payable | 17/49 | €577,702 | €641,288 | +€63,586 | +11.0% |
| Amounts payable within one year | 42/48 | €577,702 | €641,288 | +€63,586 | +11.0% |
| Trade debts | 44 | €72,288 | €122,746 | +€50,458 | +69.8% |
| Suppliers | 440/4 | €72,288 | €122,746 | +€50,458 | +69.8% |
| Advances received on contracts in progress | 46 | €29,265 | €0 | -€29,265 | -100% |
| Taxes, remuneration and social security | 45 | €19,166 | €40,503 | +€21,338 | +111% |
| Taxes | 450/3 | €19,166 | €21,709 | +€2,543 | +13.3% |
| Remuneration and social security | 454/9 | €0 | €18,794 | +€18,794 | |
| Other amounts payable | 47/48 | €456,984 | €478,039 | +€21,056 | +4.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €131,626 | €123,805 | -€7,821 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,798 | €32,806 | -€8,992 | -21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,250 | +€7,250 | |
| Other operating charges | 640/8 | €21,013 | €19,367 | -€1,646 | -7.8% |
| Gross operating margin | 9900 | €268,331 | €280,857 | +€12,526 | +4.7% |
| Operating profit (loss) | 9901 | €73,894 | €97,629 | +€23,735 | +32.1% |
| Financial income | 75/76B | €682 | €1,661 | +€979 | +143% |
| Recurring financial income | 75 | €682 | €1,661 | +€979 | +143% |
| Financial charges | 65/66B | €18,451 | €15,838 | -€2,613 | -14.2% |
| Recurring financial charges | 65 | €18,451 | €15,838 | -€2,613 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €56,125 | €83,452 | +€27,327 | +48.7% |
| Income taxes | 67/77 | €15,708 | €22,633 | +€6,925 | +44.1% |
| Profit (loss) for the period | 9904 | €40,417 | €60,819 | +€20,401 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,417 | €60,819 | +€20,401 | +50.5% |
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.