GARAGE GDS: what changed
What changed
GARAGE GDS
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€77,942
2024 · €36,448+€41,494
Equity
€333,741
2024 · €255,799+€77,942
Cash
€240,022
2024 · €105,621+€134,402
Balance sheet total
€659,503
2024 · €663,757-€4,255
Largest movements
Assets
- Cash +€134,402
up €134,402 (+127%), from €105,621 to €240,022
mainly Stocks and contracts (+€117,255) and Net result for the year (+€77,942)
- Stocks and contracts -€117,255
down €117,255 (-60.4%), from €194,250 to €76,995
- Tangible fixed assets -€26,902
down €26,902 (-7.6%), from €355,699 to €328,797
of which Land and buildings: -€28,872
- Deferred charges and accrued income +€7,217
new in 2025: €7,217
Equity and liabilities
- Reserves +€75,000
up €75,000 (+42.6%), from €176,058 to €251,058
- Debts after one year -€72,626
down €72,626 (-30.8%), from €235,977 to €163,351
- Trade debts -€13,778
down €13,778 (-78.9%), from €17,455 to €3,677
- Short-term financial debts +€10,372
new in 2025: €10,372
Income statement
- Gross operating margin +€40,249
up €40,249 (+16.0%), from €251,205 to €291,454
- Staff costs -€21,450
down €21,450 (-16.1%), from €132,936 to €111,486
- Taxes +€14,008
up €14,008 (+95.1%), from €14,737 to €28,745
- Depreciation +€6,432
up €6,432 (+12.3%), from €52,317 to €58,749
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.
Result 2024
€36,448
Gross operating margin
+€40,249
Staff costs
+€21,450
Depreciation
-€6,432
Other operating charges
-€442
Financial income
+€31
Financial charges
+€646
Taxes
-€14,008
Result 2025
€77,942
raises the resultlowers the result
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.
From operations
+€229,687
Investment
-€31,847
Financing
-€63,439
Cash 2024
€105,621
From operations (derived)
+€229,687
Net result for the year
+€77,942
Depreciation
+€58,749
Stocks and contracts
+€117,255
Receivables within one year
+€1,716
Deferred charges and accrued income
-€7,217
Trade debts
-€13,778
Tax, wage and social debts
-€6,056
Other debts
+€1,075
Investment (derived)
-€31,847
Investment in fixed assets (net)
-€31,847
Financing
-€63,439
Debts after one year
-€72,626
Current portion of long-term debt
-€1,185
Short-term financial debts
+€10,372
Cash 2025
€240,022
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €663,757 | €659,503 | -€4,255 | -0.6% |
| Fixed assets | 21/28 | €355,699 | €328,797 | -€26,902 | -7.6% |
| Tangible fixed assets | 22/27 | €355,699 | €328,797 | -€26,902 | -7.6% |
| Land and buildings | 22 | €231,076 | €202,203 | -€28,872 | -12.5% |
| Plant, machinery and equipment | 23 | €31,564 | €25,810 | -€5,755 | -18.2% |
| Furniture and vehicles | 24 | €80,397 | €90,695 | +€10,298 | +12.8% |
| Other tangible fixed assets | 26 | €12,662 | €10,089 | -€2,573 | -20.3% |
| Current assets | 29/58 | €308,058 | €330,705 | +€22,647 | +7.4% |
| Stocks and contracts in progress | 3 | €194,250 | €76,995 | -€117,255 | -60.4% |
| Stocks | 30/36 | €194,250 | €76,995 | -€117,255 | -60.4% |
| Amounts receivable within one year | 40/41 | €8,187 | €6,471 | -€1,716 | -21.0% |
| Trade receivables | 40 | €8,187 | €6,471 | -€1,716 | -21.0% |
| Cash at bank and in hand | 54/58 | €105,621 | €240,022 | +€134,402 | +127% |
| Deferred charges and accrued income | 490/1 | - | €7,217 | +€7,217 | |
| Total equity and liabilities | 10/49 | €663,757 | €659,503 | -€4,255 | -0.6% |
| Equity | 10/15 | €255,799 | €333,741 | +€77,942 | +30.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €176,058 | €251,058 | +€75,000 | +42.6% |
| Distributable reserves | 133 | €176,058 | €251,058 | +€75,000 | +42.6% |
| Profit (loss) carried forward | 14 | €61,191 | €64,133 | +€2,942 | +4.8% |
| Amounts payable | 17/49 | €407,958 | €325,761 | -€82,197 | -20.1% |
| Amounts payable after more than one year | 17 | €235,977 | €163,351 | -€72,626 | -30.8% |
| Financial debts | 170/4 | €235,977 | €163,351 | -€72,626 | -30.8% |
| Amounts payable within one year | 42/48 | €171,981 | €162,410 | -€9,571 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €73,810 | €72,626 | -€1,185 | -1.6% |
| Financial debts | 43 | - | €10,372 | +€10,372 | |
| Credit institutions | 430/8 | - | €10,372 | +€10,372 | |
| Trade debts | 44 | €17,455 | €3,677 | -€13,778 | -78.9% |
| Suppliers | 440/4 | €17,455 | €3,677 | -€13,778 | -78.9% |
| Taxes, remuneration and social security | 45 | €39,881 | €33,825 | -€6,056 | -15.2% |
| Taxes | 450/3 | €16,862 | €25,087 | +€8,225 | +48.8% |
| Remuneration and social security | 454/9 | €23,019 | €8,738 | -€14,281 | -62.0% |
| Other amounts payable | 47/48 | €40,835 | €41,910 | +€1,075 | +2.6% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €132,936 | €111,486 | -€21,450 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,317 | €58,749 | +€6,432 | +12.3% |
| Other operating charges | 640/8 | €5,787 | €6,229 | +€442 | +7.6% |
| Gross operating margin | 9900 | €251,205 | €291,454 | +€40,249 | +16.0% |
| Operating profit (loss) | 9901 | €60,166 | €114,990 | +€54,825 | +91.1% |
| Financial income | 75/76B | €9 | €40 | +€31 | +364% |
| Recurring financial income | 75 | €9 | €40 | +€31 | +364% |
| Financial charges | 65/66B | €8,990 | €8,344 | -€646 | -7.2% |
| Recurring financial charges | 65 | €8,990 | €8,344 | -€646 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €51,185 | €106,687 | +€55,502 | +108% |
| Income taxes | 67/77 | €14,737 | €28,745 | +€14,008 | +95.1% |
| Profit (loss) for the period | 9904 | €36,448 | €77,942 | +€41,494 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €36,448 | €77,942 | +€41,494 | +114% |
Next steps
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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 2 November 2026 via checked.be.