GARAGE GITS: what changed
GARAGE GITS
Largest movements
- Cash -€14,167
down €14,167 (-20.9%), from €67,908 to €53,741
mainly Other debts (-€29,647) and Debts after one year (-€22,085)
- Stocks and contracts +€12,000
up €12,000 (+57.7%), from €20,800 to €32,800
- Tangible fixed assets -€11,027
down €11,027 (-5.4%), from €203,341 to €192,314
of which Land and buildings: -€14,080
- Receivables within one year -€5,021
down €5,021 (-93.1%), from €5,392 to €372
of which Trade receivables: -€3,808
- Other debts -€29,647
down €29,647 (-42.0%), from €70,559 to €40,912
- Reserves +€27,225
up €27,225 (+23.4%), from €116,399 to €143,624
of which Distributable reserves: +€27,225
- Debts after one year -€22,085
down €22,085 (-33.6%), from €65,677 to €43,592
- Trade debts +€8,458
up €8,458 (+221%), from €3,819 to €12,276
- Gross operating margin -€9,111
down €9,111 (-12.2%), from €74,644 to €65,533
- Taxes -€2,369
down €2,369 (-14.8%), from €15,978 to €13,609
- Depreciation -€1,420
down €1,420 (-8.1%), from €17,477 to €16,057
- Financial charges -€1,312
down €1,312 (-26.2%), from €5,009 to €3,697
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 | €297,840 | €281,154 | -€16,686 | -5.6% |
| Fixed assets | 21/28 | €203,341 | €192,314 | -€11,027 | -5.4% |
| Tangible fixed assets | 22/27 | €203,341 | €192,314 | -€11,027 | -5.4% |
| Land and buildings | 22 | €199,360 | €185,280 | -€14,080 | -7.1% |
| Plant, machinery and equipment | 23 | €3,658 | €6,220 | +€2,562 | +70.0% |
| Furniture and vehicles | 24 | €323 | €815 | +€492 | +152% |
| Current assets | 29/58 | €94,499 | €88,840 | -€5,659 | -6.0% |
| Stocks and contracts in progress | 3 | €20,800 | €32,800 | +€12,000 | +57.7% |
| Stocks | 30/36 | €20,800 | €32,800 | +€12,000 | +57.7% |
| Amounts receivable within one year | 40/41 | €5,392 | €372 | -€5,021 | -93.1% |
| Trade receivables | 40 | €4,113 | €305 | -€3,808 | -92.6% |
| Other amounts receivable | 41 | €1,279 | €66 | -€1,213 | -94.8% |
| Cash at bank and in hand | 54/58 | €67,908 | €53,741 | -€14,167 | -20.9% |
| Deferred charges and accrued income | 490/1 | €399 | €1,928 | +€1,529 | +383% |
| Total equity and liabilities | 10/49 | €297,840 | €281,154 | -€16,686 | -5.6% |
| Equity | 10/15 | €125,088 | €152,314 | +€27,225 | +21.8% |
| Contributions | 10/11 | €8,690 | €8,690 | = | 0.0% |
| Reserves | 13 | €116,399 | €143,624 | +€27,225 | +23.4% |
| Tax-exempt reserves | 132 | €7,102 | €7,102 | = | 0.0% |
| Distributable reserves | 133 | €109,297 | €136,523 | +€27,225 | +24.9% |
| Amounts payable | 17/49 | €172,751 | €128,840 | -€43,911 | -25.4% |
| Amounts payable after more than one year | 17 | €65,677 | €43,592 | -€22,085 | -33.6% |
| Financial debts | 170/4 | €65,677 | €43,592 | -€22,085 | -33.6% |
| Amounts payable within one year | 42/48 | €107,075 | €85,248 | -€21,827 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €22,238 | €22,085 | -€154 | -0.7% |
| Trade debts | 44 | €3,819 | €12,276 | +€8,458 | +221% |
| Suppliers | 440/4 | €3,819 | €12,276 | +€8,458 | +221% |
| Taxes, remuneration and social security | 45 | €10,459 | €9,976 | -€484 | -4.6% |
| Taxes | 450/3 | €10,459 | €9,976 | -€484 | -4.6% |
| Other amounts payable | 47/48 | €70,559 | €40,912 | -€29,647 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,477 | €16,057 | -€1,420 | -8.1% |
| Other operating charges | 640/8 | €4,940 | €4,963 | +€23 | +0.5% |
| Gross operating margin | 9900 | €74,644 | €65,533 | -€9,111 | -12.2% |
| Operating profit (loss) | 9901 | €52,226 | €44,513 | -€7,714 | -14.8% |
| Financial income | 75/76B | €62 | €19 | -€43 | -68.8% |
| Recurring financial income | 75 | €2 | €19 | +€18 | +1,012% |
| Non-recurring financial income | 76B | €60 | - | -€60 | |
| Financial charges | 65/66B | €5,009 | €3,697 | -€1,312 | -26.2% |
| Recurring financial charges | 65 | €5,009 | €3,697 | -€1,312 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €47,279 | €40,834 | -€6,445 | -13.6% |
| Income taxes | 67/77 | €15,978 | €13,609 | -€2,369 | -14.8% |
| Profit (loss) for the period | 9904 | €31,301 | €27,225 | -€4,076 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,301 | €27,225 | -€4,076 | -13.0% |
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 2 November 2026 via checked.be.