Garage Feltes: what changed
Garage Feltes
Largest movements
- Tangible fixed assets +€61,601
up €61,601 (+50.2%), from €122,750 to €184,351
of which Leasing and similar rights: +€55,164
- Receivables within one year +€35,818
up €35,818 (+165%), from €21,712 to €57,529
of which Trade receivables: +€26,104
- Cash -€11,569
down €11,569 (-26.2%), from €44,149 to €32,580
mainly Investment in fixed assets (net) (-€95,481) and Advances received (-€47,860)
- Intangible fixed assets -€8,321
down €8,321 (-50.0%), from €16,658 to €8,336
- Stocks and contracts -€6,175
down €6,175 (-5.2%), from €118,448 to €112,272
- Current portion of long-term debt +€107,080
up €107,080 (+268%), from €39,882 to €146,963
- Debts after one year +€49,241
up €49,241 (+194%), from €25,366 to €74,607
of which Financial debts: +€50,183
- Advances received -€47,860
no longer reported in 2025 (was €47,860)
- Tax, wage and social debts -€18,577
down €18,577 (-35.4%), from €52,417 to €33,840
of which Taxes: -€26,228
- Profit (loss) carried forward -€15,294
down €15,294 (-11.5%), from €132,878 to €117,583
- Staff costs +€52,932
up €52,932 (+27.8%), from €190,481 to €243,413
- Taxes -€13,549
down €13,549 (-97.9%), from €13,835 to €286
- Other operating charges +€6,149
up €6,149 (+59.0%), from €10,431 to €16,580
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,701 | €415,223 | +€75,522 | +22.2% |
| Fixed assets | 21/28 | €139,408 | €192,687 | +€53,279 | +38.2% |
| Intangible fixed assets | 21 | €16,658 | €8,336 | -€8,321 | -50.0% |
| Tangible fixed assets | 22/27 | €122,750 | €184,351 | +€61,601 | +50.2% |
| Plant, machinery and equipment | 23 | €8,007 | €25,706 | +€17,699 | +221% |
| Furniture and vehicles | 24 | €40,327 | €34,214 | -€6,113 | -15.2% |
| Leasing and similar rights | 25 | - | €55,164 | +€55,164 | |
| Other tangible fixed assets | 26 | €74,416 | €69,266 | -€5,150 | -6.9% |
| Current assets | 29/58 | €200,293 | €222,536 | +€22,243 | +11.1% |
| Stocks and contracts in progress | 3 | €118,448 | €112,272 | -€6,175 | -5.2% |
| Stocks | 30/36 | €118,448 | €112,272 | -€6,175 | -5.2% |
| Amounts receivable within one year | 40/41 | €21,712 | €57,529 | +€35,818 | +165% |
| Trade receivables | 40 | €21,712 | €47,815 | +€26,104 | +120% |
| Other amounts receivable | 41 | - | €9,714 | +€9,714 | |
| Cash at bank and in hand | 54/58 | €44,149 | €32,580 | -€11,569 | -26.2% |
| Deferred charges and accrued income | 490/1 | €15,984 | €20,154 | +€4,170 | +26.1% |
| Total equity and liabilities | 10/49 | €339,701 | €415,223 | +€75,522 | +22.2% |
| Equity | 10/15 | €137,878 | €122,583 | -€15,294 | -11.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,878 | €117,583 | -€15,294 | -11.5% |
| Amounts payable | 17/49 | €201,823 | €292,640 | +€90,817 | +45.0% |
| Amounts payable after more than one year | 17 | €25,366 | €74,607 | +€49,241 | +194% |
| Financial debts | 170/4 | €4,054 | €54,237 | +€50,183 | +1,238% |
| Other amounts payable | 178/9 | €21,312 | €20,370 | -€942 | -4.4% |
| Amounts payable within one year | 42/48 | €176,457 | €217,054 | +€40,597 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €39,882 | €146,963 | +€107,080 | +268% |
| Trade debts | 44 | €35,348 | €35,309 | -€39 | -0.1% |
| Suppliers | 440/4 | €35,348 | €35,309 | -€39 | -0.1% |
| Advances received on contracts in progress | 46 | €47,860 | - | -€47,860 | |
| Taxes, remuneration and social security | 45 | €52,417 | €33,840 | -€18,577 | -35.4% |
| Taxes | 450/3 | €33,361 | €7,133 | -€26,228 | -78.6% |
| Remuneration and social security | 454/9 | €19,056 | €26,707 | +€7,651 | +40.2% |
| Other amounts payable | 47/48 | €950 | €942 | -€8 | -0.8% |
| Accrued charges and deferred income | 492/3 | - | €979 | +€979 | |
| Remuneration, social security and pensions | 62 | €190,481 | €243,413 | +€52,932 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,231 | €42,202 | +€1,971 | +4.9% |
| Other operating charges | 640/8 | €10,431 | €16,580 | +€6,149 | +59.0% |
| Non-recurring operating charges | 66A | €211 | €14,020 | +€13,809 | +6,535% |
| Gross operating margin | 9900 | €311,841 | €309,613 | -€2,228 | -0.7% |
| Operating profit (loss) | 9901 | €70,487 | -€6,603 | -€77,090 | |
| Financial income | 75/76B | €2,199 | €2,977 | +€779 | +35.4% |
| Recurring financial income | 75 | €2,199 | €2,977 | +€779 | +35.4% |
| Financial charges | 65/66B | €13,468 | €10,503 | -€2,965 | -22.0% |
| Recurring financial charges | 65 | €13,468 | €10,503 | -€2,965 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €59,218 | -€14,128 | -€73,346 | |
| Income taxes | 67/77 | €13,835 | €286 | -€13,549 | -97.9% |
| Profit (loss) for the period | 9904 | €45,383 | -€14,414 | -€59,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,383 | -€14,414 | -€59,798 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.