Garage GT: 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 GT
Largest movements
- Receivables within one year +€60,145
up €60,145 (+256%), from €23,483 to €83,628
of which Trade receivables: +€62,869
- Cash +€21,914
up €21,914 (+38.2%), from €57,338 to €79,252
mainly Net result for the year (+€71,429) and Accrued charges and deferred income (+€27,651)
- Stocks and contracts +€19,873
up €19,873 (+34.7%), from €57,319 to €77,191
- Tangible fixed assets +€3,354
up €3,354 (+10.1%), from €33,203 to €36,557
of which Furniture and vehicles: +€4,946
- Reserves +€67,134
up €67,134 (+106%), from €63,425 to €130,559
- Accrued charges and deferred income +€27,651
new in 2025: €27,651
- Current portion of long-term debt +€13,039
up €13,039 (+119%), from €10,999 to €24,038
- Debts after one year -€11,498
down €11,498 (-23.9%), from €48,107 to €36,608
- Trade debts +€8,059
up €8,059 (+23.6%), from €34,222 to €42,281
- Gross operating margin +€46,079
up €46,079 (+60.7%), from €75,958 to €122,037
- Depreciation +€10,472
up €10,472 (+144%), from €7,256 to €17,728
- Taxes +€9,246
up €9,246 (+58.2%), from €15,884 to €25,131
- Financial charges +€2,300
up €2,300 (+280%), from €823 to €3,123
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 | €181,339 | €287,758 | +€106,418 | +58.7% |
| Formation expenses | 20 | €1,200 | €800 | -€400 | -33.3% |
| Fixed assets | 21/28 | €39,728 | €43,082 | +€3,354 | +8.4% |
| Tangible fixed assets | 22/27 | €33,203 | €36,557 | +€3,354 | +10.1% |
| Plant, machinery and equipment | 23 | €3,869 | €3,324 | -€544 | -14.1% |
| Furniture and vehicles | 24 | €26,187 | €31,133 | +€4,946 | +18.9% |
| Other tangible fixed assets | 26 | €3,148 | €2,100 | -€1,048 | -33.3% |
| Financial fixed assets | 28 | €6,525 | €6,525 | = | 0.0% |
| Current assets | 29/58 | €140,411 | €243,875 | +€103,464 | +73.7% |
| Stocks and contracts in progress | 3 | €57,319 | €77,191 | +€19,873 | +34.7% |
| Stocks | 30/36 | €57,319 | €77,191 | +€19,873 | +34.7% |
| Amounts receivable within one year | 40/41 | €23,483 | €83,628 | +€60,145 | +256% |
| Trade receivables | 40 | €20,759 | €83,628 | +€62,869 | +303% |
| Other amounts receivable | 41 | €2,724 | - | -€2,724 | |
| Cash at bank and in hand | 54/58 | €57,338 | €79,252 | +€21,914 | +38.2% |
| Deferred charges and accrued income | 490/1 | €2,271 | €3,804 | +€1,533 | +67.5% |
| Total equity and liabilities | 10/49 | €181,339 | €287,758 | +€106,418 | +58.7% |
| Equity | 10/15 | €69,425 | €136,559 | +€67,134 | +96.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €63,425 | €130,559 | +€67,134 | +106% |
| Distributable reserves | 133 | €63,425 | €130,559 | +€67,134 | +106% |
| Amounts payable | 17/49 | €111,914 | €151,199 | +€39,285 | +35.1% |
| Amounts payable after more than one year | 17 | €48,107 | €36,608 | -€11,498 | -23.9% |
| Financial debts | 170/4 | €48,107 | €36,608 | -€11,498 | -23.9% |
| Amounts payable within one year | 42/48 | €63,808 | €86,939 | +€23,132 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €10,999 | €24,038 | +€13,039 | +119% |
| Trade debts | 44 | €34,222 | €42,281 | +€8,059 | +23.6% |
| Suppliers | 440/4 | €34,222 | €42,281 | +€8,059 | +23.6% |
| Taxes, remuneration and social security | 45 | €16,576 | €15,009 | -€1,567 | -9.5% |
| Taxes | 450/3 | €16,576 | €15,009 | -€1,567 | -9.5% |
| Other amounts payable | 47/48 | €2,011 | €5,611 | +€3,600 | +179% |
| Accrued charges and deferred income | 492/3 | - | €27,651 | +€27,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,256 | €17,728 | +€10,472 | +144% |
| Other operating charges | 640/8 | €3,849 | €2,630 | -€1,220 | -31.7% |
| Non-recurring operating charges | 66A | €400 | €2,054 | +€1,654 | +414% |
| Gross operating margin | 9900 | €75,958 | €122,037 | +€46,079 | +60.7% |
| Operating profit (loss) | 9901 | €64,453 | €99,626 | +€35,173 | +54.6% |
| Financial income | 75/76B | €26 | €56 | +€30 | +119% |
| Recurring financial income | 75 | €26 | €56 | +€30 | +119% |
| Financial charges | 65/66B | €823 | €3,123 | +€2,300 | +280% |
| Recurring financial charges | 65 | €823 | €3,123 | +€2,300 | +280% |
| Profit (loss) for the period before taxes | 9903 | €63,656 | €96,559 | +€32,903 | +51.7% |
| Income taxes | 67/77 | €15,884 | €25,131 | +€9,246 | +58.2% |
| Profit (loss) for the period | 9904 | €47,771 | €71,429 | +€23,657 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,771 | €71,429 | +€23,657 | +49.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.