GARAGE ERIC: 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.
GARAGE ERIC
Largest movements
- Receivables within one year +€20,556
up €20,556 (+47.4%), from €43,365 to €63,921
of which Trade receivables: +€12,525
- Stocks and contracts +€16,982
up €16,982 (+147.7%), from €11,500 to €28,482
- Tangible fixed assets -€5,064
down €5,064 (-15.3%), from €33,000 to €27,937
of which Plant, machinery and equipment: -€4,059
- Cash -€3,294
down €3,294 (-12.8%), from €25,685 to €22,391
mainly Receivables within one year (-€20,556) and Stocks and contracts (-€16,982)
- Profit (loss) carried forward +€16,217
up €16,217 (+38.3%), from -€42,292 to -€26,075
- Tax, wage and social debts +€14,973
up €14,973 (+74.9%), from €19,979 to €34,952
of which Remuneration and social security: +€16,043
- Debts after one year -€14,926
down €14,926 (-19.5%), from €76,474 to €61,548
- Trade debts +€9,723
up €9,723 (+27.4%), from €35,459 to €45,181
- Other debts +€4,506
up €4,506 (+67.2%), from €6,706 to €11,212
- Gross operating margin +€128,478
up €128,478, from -€13,451 to €115,028
- Staff costs +€59,885
up €59,885 (+243.8%), from €24,563 to €84,448
- Depreciation +€6,162
up €6,162 (+301.0%), from €2,047 to €8,210
- Financial charges +€4,249
up €4,249 (+205.6%), from €2,067 to €6,316
- Financial income +€1,595
up €1,595 (+724.5%), from €220 to €1,815
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,599 | €143,745 | +€30,146 | +26.5% |
| Fixed assets | 21/28 | €33,000 | €28,187 | -€4,814 | -14.6% |
| Tangible fixed assets | 22/27 | €33,000 | €27,937 | -€5,064 | -15.3% |
| Plant, machinery and equipment | 23 | €26,698 | €22,640 | -€4,059 | -15.2% |
| Furniture and vehicles | 24 | €1,368 | €868 | -€500 | -36.6% |
| Other tangible fixed assets | 26 | €4,934 | €4,429 | -€505 | -10.2% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €80,598 | €115,558 | +€34,960 | +43.4% |
| Stocks and contracts in progress | 3 | €11,500 | €28,482 | +€16,982 | +147.7% |
| Stocks | 30/36 | €11,500 | €28,482 | +€16,982 | +147.7% |
| Amounts receivable within one year | 40/41 | €43,365 | €63,921 | +€20,556 | +47.4% |
| Trade receivables | 40 | €18,244 | €30,768 | +€12,525 | +68.7% |
| Other amounts receivable | 41 | €25,121 | €33,152 | +€8,031 | +32.0% |
| Cash at bank and in hand | 54/58 | €25,685 | €22,391 | -€3,294 | -12.8% |
| Deferred charges and accrued income | 490/1 | €48 | €765 | +€717 | +1495.4% |
| Total equity and liabilities | 10/49 | €113,599 | €143,745 | +€30,146 | +26.5% |
| Equity | 10/15 | -€40,292 | -€24,075 | +€16,217 | +40.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,292 | -€26,075 | +€16,217 | +38.3% |
| Amounts payable | 17/49 | €153,891 | €167,820 | +€13,929 | +9.1% |
| Amounts payable after more than one year | 17 | €76,474 | €61,548 | -€14,926 | -19.5% |
| Financial debts | 170/4 | €76,474 | €61,548 | -€14,926 | -19.5% |
| Amounts payable within one year | 42/48 | €76,046 | €106,272 | +€30,226 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €13,902 | €14,926 | +€1,024 | +7.4% |
| Trade debts | 44 | €35,459 | €45,181 | +€9,723 | +27.4% |
| Suppliers | 440/4 | €35,459 | €45,181 | +€9,723 | +27.4% |
| Taxes, remuneration and social security | 45 | €19,979 | €34,952 | +€14,973 | +74.9% |
| Taxes | 450/3 | €2,549 | €1,479 | -€1,070 | -42.0% |
| Remuneration and social security | 454/9 | €17,431 | €33,473 | +€16,043 | +92.0% |
| Other amounts payable | 47/48 | €6,706 | €11,212 | +€4,506 | +67.2% |
| Accrued charges and deferred income | 492/3 | €1,370 | - | -€1,370 | |
| Remuneration, social security and pensions | 62 | €24,563 | €84,448 | +€59,885 | +243.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,047 | €8,210 | +€6,162 | +301.0% |
| Other operating charges | 640/8 | €384 | €1,652 | +€1,268 | +329.8% |
| Gross operating margin | 9900 | -€13,451 | €115,028 | +€128,478 | |
| Operating profit (loss) | 9901 | -€40,446 | €20,718 | +€61,163 | |
| Financial income | 75/76B | €220 | €1,815 | +€1,595 | +724.5% |
| Recurring financial income | 75 | €220 | €1,815 | +€1,595 | +724.5% |
| Financial charges | 65/66B | €2,067 | €6,316 | +€4,249 | +205.6% |
| Recurring financial charges | 65 | €2,067 | €6,316 | +€4,249 | +205.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,292 | €16,217 | +€58,509 | |
| Profit (loss) for the period | 9904 | -€42,292 | €16,217 | +€58,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,292 | €16,217 | +€58,509 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.