Garage Goethals Davy: what changed
What changed
Garage Goethals Davy
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€173,921
2024 · €269,475-€95,554
Equity
€1.9m
2024 · €1.7m+€173,921
Cash
€862,265
2024 · €596,818+€265,447
Balance sheet total
€2.2m
2024 · €2.0m+€197,861
Largest movements
Assets
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Tangible fixed assets +€333,253
up €333,253 (+123%), from €271,437 to €604,690
of which Land and buildings: +€355,995
- Cash +€265,447
up €265,447 (+44.5%), from €596,818 to €862,265
mainly Current investments (+€450,000) and Net result for the year (+€173,921)
- Receivables within one year +€65,799
up €65,799 (+73.8%), from €89,187 to €154,986
of which Trade receivables: +€65,799
Equity and liabilities
- Reserves +€173,921
up €173,921 (+10.4%), from €1.7m to €1.9m
- Tax, wage and social debts +€72,734
up €72,734 (+52.9%), from €137,567 to €210,300
of which Taxes: +€50,454
- Trade debts -€35,691
down €35,691 (-28.1%), from €127,007 to €91,316
Income statement
- Staff costs +€70,444
up €70,444 (+26.1%), from €270,036 to €340,480
- Taxes -€47,684
down €47,684 (-38.5%), from €124,017 to €76,332
- Other operating charges +€46,608
up €46,608 (+573%), from €8,141 to €54,749
- Gross operating margin -€28,806
down €28,806 (-3.9%), from €730,858 to €702,052
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
€269,475
Gross operating margin
-€28,806
Staff costs
-€70,444
Depreciation
-€1,779
Other operating charges
-€46,608
Financial income
+€4,168
Financial charges
+€230
Taxes
+€47,684
Result 2025
€173,921
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
+€217,397
Investment
+€55,383
Financing
-€7,333
Cash 2024
€596,818
From operations (derived)
+€217,397
Net result for the year
+€173,921
Depreciation
+€61,364
Stocks and contracts
+€7,998
Receivables within one year
-€65,799
Deferred charges and accrued income
+€8,639
Trade debts
-€35,691
Tax, wage and social debts
+€72,734
Other debts
-€5,770
Investment (derived)
+€55,383
Investment in fixed assets (net)
-€394,617
Current investments
+€450,000
Financing
-€7,333
Debts after one year
-€7,333
Cash 2025
€862,265
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,045,368 | €2,243,229 | +€197,861 | +9.7% |
| Fixed assets | 21/28 | €275,837 | €609,090 | +€333,253 | +121% |
| Tangible fixed assets | 22/27 | €271,437 | €604,690 | +€333,253 | +123% |
| Land and buildings | 22 | €118,956 | €474,950 | +€355,995 | +299% |
| Plant, machinery and equipment | 23 | €39,618 | €39,957 | +€339 | +0.9% |
| Furniture and vehicles | 24 | €112,863 | €89,782 | -€23,081 | -20.5% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €1,769,531 | €1,634,139 | -€135,392 | -7.7% |
| Stocks and contracts in progress | 3 | €549,749 | €541,751 | -€7,998 | -1.5% |
| Stocks | 30/36 | €549,749 | €541,751 | -€7,998 | -1.5% |
| Amounts receivable within one year | 40/41 | €89,187 | €154,986 | +€65,799 | +73.8% |
| Trade receivables | 40 | €89,174 | €154,973 | +€65,799 | +73.8% |
| Other amounts receivable | 41 | €13 | €13 | = | 0.0% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €596,818 | €862,265 | +€265,447 | +44.5% |
| Deferred charges and accrued income | 490/1 | €83,777 | €75,138 | -€8,639 | -10.3% |
| Total equity and liabilities | 10/49 | €2,045,368 | €2,243,229 | +€197,861 | +9.7% |
| Equity | 10/15 | €1,703,933 | €1,877,854 | +€173,921 | +10.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,678,933 | €1,852,854 | +€173,921 | +10.4% |
| Distributable reserves | 133 | €1,678,933 | €1,852,854 | +€173,921 | +10.4% |
| Amounts payable | 17/49 | €341,435 | €365,375 | +€23,940 | +7.0% |
| Amounts payable after more than one year | 17 | €36,056 | €28,722 | -€7,333 | -20.3% |
| Financial debts | 170/4 | €36,056 | €28,722 | -€7,333 | -20.3% |
| Amounts payable within one year | 42/48 | €305,379 | €336,652 | +€31,273 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €7,333 | €7,333 | = | 0.0% |
| Trade debts | 44 | €127,007 | €91,316 | -€35,691 | -28.1% |
| Suppliers | 440/4 | €127,007 | €91,316 | -€35,691 | -28.1% |
| Taxes, remuneration and social security | 45 | €137,567 | €210,300 | +€72,734 | +52.9% |
| Taxes | 450/3 | €113,866 | €164,321 | +€50,454 | +44.3% |
| Remuneration and social security | 454/9 | €23,700 | €45,980 | +€22,280 | +94.0% |
| Other amounts payable | 47/48 | €33,473 | €27,702 | -€5,770 | -17.2% |
| Non-recurring operating income | 76A | €26,119 | €9,574 | -€16,545 | -63.3% |
| Remuneration, social security and pensions | 62 | €270,036 | €340,480 | +€70,444 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,585 | €61,364 | +€1,779 | +3.0% |
| Other operating charges | 640/8 | €8,141 | €54,749 | +€46,608 | +573% |
| Gross operating margin | 9900 | €730,858 | €702,052 | -€28,806 | -3.9% |
| Operating profit (loss) | 9901 | €393,096 | €245,460 | -€147,636 | -37.6% |
| Financial income | 75/76B | €4,523 | €8,691 | +€4,168 | +92.2% |
| Recurring financial income | 75 | €4,523 | €8,691 | +€4,168 | +92.2% |
| Financial charges | 65/66B | €4,127 | €3,897 | -€230 | -5.6% |
| Recurring financial charges | 65 | €4,127 | €3,897 | -€230 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €393,492 | €250,254 | -€143,238 | -36.4% |
| Income taxes | 67/77 | €124,017 | €76,332 | -€47,684 | -38.5% |
| Profit (loss) for the period | 9904 | €269,475 | €173,921 | -€95,554 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €269,475 | €173,921 | -€95,554 | -35.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.