GARAGE ERVEEDEE: 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 ERVEEDEE
Largest movements
- Cash +€149,055
up €149,055 (+103%), from €145,365 to €294,420
mainly Stocks and contracts (+€82,895) and Other debts (+€64,987)
- Stocks and contracts -€82,895
down €82,895 (-22.3%), from €372,279 to €289,384
- Tangible fixed assets -€21,101
down €21,101 (-15.3%), from €137,865 to €116,764
of which Land and buildings: -€14,700
- Other debts +€64,987
up €64,987 (+330%), from €19,701 to €84,689
- Trade debts -€20,253
down €20,253 (-7.8%), from €258,021 to €237,768
- Current portion of long-term debt -€10,453
down €10,453 (-4.8%), from €217,381 to €206,927
- Profit (loss) carried forward +€10,336
up €10,336 (+63.7%), from €16,231 to €26,567
- Gross operating margin +€41,761
up €41,761 (+46.4%), from €89,948 to €131,709
- Depreciation +€25,458
new in 2025: €25,458
- Financial charges +€18,751
up €18,751 (+153%), from €12,278 to €31,029
of which Non-recurring financial charges: +€21,369
- Staff costs +€3,951
up €3,951 (+8.9%), from €44,482 to €48,432
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 | €915,554 | €962,847 | +€47,293 | +5.2% |
| Fixed assets | 21/28 | €137,865 | €116,764 | -€21,101 | -15.3% |
| Tangible fixed assets | 22/27 | €137,865 | €116,764 | -€21,101 | -15.3% |
| Land and buildings | 22 | €113,570 | €98,870 | -€14,700 | -12.9% |
| Plant, machinery and equipment | 23 | €15,972 | €14,949 | -€1,023 | -6.4% |
| Furniture and vehicles | 24 | €6,552 | €2,060 | -€4,493 | -68.6% |
| Leasing and similar rights | 25 | €1,770 | €885 | -€885 | -50.0% |
| Current assets | 29/58 | €777,690 | €846,083 | +€68,394 | +8.8% |
| Stocks and contracts in progress | 3 | €372,279 | €289,384 | -€82,895 | -22.3% |
| Stocks | 30/36 | €372,279 | €289,384 | -€82,895 | -22.3% |
| Amounts receivable within one year | 40/41 | €257,955 | €261,565 | +€3,610 | +1.4% |
| Trade receivables | 40 | €250,170 | €245,537 | -€4,633 | -1.9% |
| Other amounts receivable | 41 | €7,785 | €16,028 | +€8,244 | +106% |
| Cash at bank and in hand | 54/58 | €145,365 | €294,420 | +€149,055 | +103% |
| Deferred charges and accrued income | 490/1 | €2,091 | €714 | -€1,376 | -65.8% |
| Total equity and liabilities | 10/49 | €915,554 | €962,847 | +€47,293 | +5.2% |
| Equity | 10/15 | €396,671 | €407,006 | +€10,336 | +2.6% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Contributions outside capital | 11 | €198,315 | €198,315 | = | 0.0% |
| Other | 1109/19 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €182,125 | €182,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,832 | €19,832 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,832 | €19,832 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €156,293 | €156,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,231 | €26,567 | +€10,336 | +63.7% |
| Amounts payable | 17/49 | €518,883 | €555,841 | +€36,957 | +7.1% |
| Amounts payable after more than one year | 17 | €15,193 | €10,012 | -€5,181 | -34.1% |
| Financial debts | 170/4 | €15,193 | €10,012 | -€5,181 | -34.1% |
| Amounts payable within one year | 42/48 | €503,691 | €545,743 | +€42,053 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €217,381 | €206,927 | -€10,453 | -4.8% |
| Trade debts | 44 | €258,021 | €237,768 | -€20,253 | -7.8% |
| Suppliers | 440/4 | €258,021 | €237,768 | -€20,253 | -7.8% |
| Taxes, remuneration and social security | 45 | €8,587 | €16,359 | +€7,772 | +90.5% |
| Taxes | 450/3 | €901 | €7,025 | +€6,124 | +679% |
| Remuneration and social security | 454/9 | €7,686 | €9,334 | +€1,648 | +21.4% |
| Other amounts payable | 47/48 | €19,701 | €84,689 | +€64,987 | +330% |
| Accrued charges and deferred income | 492/3 | - | €85 | +€85 | |
| Remuneration, social security and pensions | 62 | €44,482 | €48,432 | +€3,951 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,458 | +€25,458 | |
| Other operating charges | 640/8 | €11,819 | €12,714 | +€894 | +7.6% |
| Gross operating margin | 9900 | €89,948 | €131,709 | +€41,761 | +46.4% |
| Operating profit (loss) | 9901 | €33,647 | €45,106 | +€11,459 | +34.1% |
| Financial income | 75/76B | €45 | €182 | +€137 | +303% |
| Recurring financial income | 75 | €45 | €182 | +€137 | +303% |
| Financial charges | 65/66B | €12,278 | €31,029 | +€18,751 | +153% |
| Recurring financial charges | 65 | €12,278 | €9,660 | -€2,618 | -21.3% |
| Non-recurring financial charges | 66B | - | €21,369 | +€21,369 | |
| Profit (loss) for the period before taxes | 9903 | €21,414 | €14,259 | -€7,155 | -33.4% |
| Income taxes | 67/77 | €5,183 | €3,923 | -€1,260 | -24.3% |
| Profit (loss) for the period | 9904 | €16,231 | €10,336 | -€5,895 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,231 | €10,336 | -€5,895 | -36.3% |
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 25 October 2026 via checked.be.