GARAGE GEERTS: 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 GEERTS
Largest movements
- Stocks and contracts -€28,060
down €28,060 (-9.6%), from €293,246 to €265,186
- Receivables within one year -€9,811
down €9,811 (-29.4%), from €33,348 to €23,537
of which Trade receivables: -€18,951
- Deferred charges and accrued income +€7,884
up €7,884 (+123%), from €6,412 to €14,296
- Debts after one year -€15,657
down €15,657 (-74.7%), from €20,968 to €5,311
- Trade debts -€8,436
down €8,436 (-44.9%), from €18,793 to €10,357
- Tax, wage and social debts -€8,133
down €8,133 (-24.9%), from €32,684 to €24,551
of which Taxes: -€6,638
- Gross operating margin -€64,671
down €64,671 (-72.3%), from €89,406 to €24,736
- Taxes -€12,919
down €12,919 (-94.8%), from €13,621 to €702
- Financial charges -€8,987
down €8,987 (-84.6%), from €10,621 to €1,633
- Staff costs +€1,084
up €1,084 (+10.0%), from €10,801 to €11,886
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 | €373,025 | €338,853 | -€34,171 | -9.2% |
| Fixed assets | 21/28 | €4,111 | €2,451 | -€1,659 | -40.4% |
| Tangible fixed assets | 22/27 | €4,111 | €2,451 | -€1,659 | -40.4% |
| Plant, machinery and equipment | 23 | €3,324 | €2,158 | -€1,166 | -35.1% |
| Other tangible fixed assets | 26 | €787 | €294 | -€493 | -62.7% |
| Current assets | 29/58 | €368,914 | €336,402 | -€32,512 | -8.8% |
| Stocks and contracts in progress | 3 | €293,246 | €265,186 | -€28,060 | -9.6% |
| Stocks | 30/36 | €293,246 | €265,186 | -€28,060 | -9.6% |
| Amounts receivable within one year | 40/41 | €33,348 | €23,537 | -€9,811 | -29.4% |
| Trade receivables | 40 | €33,190 | €14,239 | -€18,951 | -57.1% |
| Other amounts receivable | 41 | €158 | €9,298 | +€9,140 | +5,794% |
| Cash at bank and in hand | 54/58 | €35,908 | €33,382 | -€2,526 | -7.0% |
| Deferred charges and accrued income | 490/1 | €6,412 | €14,296 | +€7,884 | +123% |
| Total equity and liabilities | 10/49 | €373,025 | €338,853 | -€34,171 | -9.2% |
| Equity | 10/15 | €178,110 | €178,128 | +€18 | 0.0% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €69,510 | €69,528 | +€18 | 0.0% |
| Non-distributable reserves | 130/1 | €2,842 | €2,842 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,842 | €2,842 | = | 0.0% |
| Distributable reserves | 133 | €66,668 | €66,686 | +€18 | 0.0% |
| Amounts payable | 17/49 | €194,915 | €160,725 | -€34,190 | -17.5% |
| Amounts payable after more than one year | 17 | €20,968 | €5,311 | -€15,657 | -74.7% |
| Financial debts | 170/4 | €20,968 | €5,311 | -€15,657 | -74.7% |
| Amounts payable within one year | 42/48 | €172,187 | €153,373 | -€18,813 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €15,253 | €15,657 | +€404 | +2.6% |
| Trade debts | 44 | €18,793 | €10,357 | -€8,436 | -44.9% |
| Suppliers | 440/4 | €18,793 | €10,357 | -€8,436 | -44.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €32,684 | €24,551 | -€8,133 | -24.9% |
| Taxes | 450/3 | €29,880 | €23,241 | -€6,638 | -22.2% |
| Remuneration and social security | 454/9 | €2,805 | €1,310 | -€1,495 | -53.3% |
| Other amounts payable | 47/48 | €105,456 | €102,808 | -€2,648 | -2.5% |
| Accrued charges and deferred income | 492/3 | €1,761 | €2,041 | +€281 | +15.9% |
| Remuneration, social security and pensions | 62 | €10,801 | €11,886 | +€1,084 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,896 | €1,659 | -€236 | -12.5% |
| Other operating charges | 640/8 | €6,300 | €5,797 | -€503 | -8.0% |
| Non-recurring operating charges | 66A | - | €3,279 | +€3,279 | |
| Gross operating margin | 9900 | €89,406 | €24,736 | -€64,671 | -72.3% |
| Operating profit (loss) | 9901 | €70,409 | €2,115 | -€68,294 | -97.0% |
| Financial income | 75/76B | €22 | €239 | +€216 | +974% |
| Recurring financial income | 75 | €22 | €239 | +€216 | +974% |
| Financial charges | 65/66B | €10,621 | €1,633 | -€8,987 | -84.6% |
| Recurring financial charges | 65 | €10,621 | €1,633 | -€8,987 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €59,810 | €720 | -€59,090 | -98.8% |
| Income taxes | 67/77 | €13,621 | €702 | -€12,919 | -94.8% |
| Profit (loss) for the period | 9904 | €46,189 | €18 | -€46,171 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,189 | €18 | -€46,171 | -100.0% |
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 29 October 2026 via checked.be.