GARAGE GUY BALBEUR: 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 GUY BALBEUR
Largest movements
- Cash +€11,143
up €11,143 (+168%), from €6,650 to €17,794
mainly Net result for the year (+€21,953) and Depreciation (+€14,982)
- Receivables within one year -€5,000
down €5,000 (-6.4%), from €77,569 to €72,569
- Reserves +€21,953
up €21,953 (+37.3%), from €58,791 to €80,744
of which Distributable reserves: +€21,953
- Other debts -€20,868
down €20,868 (-7.9%), from €262,585 to €241,717
- Tax, wage and social debts +€11,883
up €11,883 (+73.9%), from €16,088 to €27,971
- Trade debts -€5,702
down €5,702 (-64.1%), from €8,891 to €3,190
- Gross operating margin +€50,545
up €50,545 (+168%), from €30,016 to €80,561
- Taxes +€19,728
up €19,728 (+436%), from €4,523 to €24,251
- Other operating charges +€18,926
up €18,926 (+3,633%), from €521 to €19,446
- Depreciation +€3,020
up €3,020 (+25.2%), from €11,962 to €14,982
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 | €411,945 | €419,211 | +€7,266 | +1.8% |
| Fixed assets | 21/28 | €327,726 | €328,849 | +€1,123 | +0.3% |
| Tangible fixed assets | 22/27 | €327,726 | €328,849 | +€1,123 | +0.3% |
| Land and buildings | 22 | €327,726 | €323,673 | -€4,054 | -1.2% |
| Furniture and vehicles | 24 | - | €5,176 | +€5,176 | |
| Current assets | 29/58 | €84,219 | €90,362 | +€6,143 | +7.3% |
| Amounts receivable within one year | 40/41 | €77,569 | €72,569 | -€5,000 | -6.4% |
| Other amounts receivable | 41 | €77,569 | €72,569 | -€5,000 | -6.4% |
| Cash at bank and in hand | 54/58 | €6,650 | €17,794 | +€11,143 | +168% |
| Total equity and liabilities | 10/49 | €411,945 | €419,211 | +€7,266 | +1.8% |
| Equity | 10/15 | €77,383 | €99,336 | +€21,953 | +28.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €58,791 | €80,744 | +€21,953 | +37.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €56,932 | €78,884 | +€21,953 | +38.6% |
| Amounts payable | 17/49 | €334,562 | €319,876 | -€14,686 | -4.4% |
| Amounts payable after more than one year | 17 | €46,998 | €46,998 | = | 0.0% |
| Financial debts | 170/4 | €8,149 | €8,149 | = | 0.0% |
| Other amounts payable | 178/9 | €38,849 | €38,849 | = | 0.0% |
| Amounts payable within one year | 42/48 | €287,564 | €272,878 | -€14,686 | -5.1% |
| Trade debts | 44 | €8,891 | €3,190 | -€5,702 | -64.1% |
| Suppliers | 440/4 | €8,891 | €3,190 | -€5,702 | -64.1% |
| Taxes, remuneration and social security | 45 | €16,088 | €27,971 | +€11,883 | +73.9% |
| Taxes | 450/3 | €16,088 | €27,971 | +€11,883 | +73.9% |
| Other amounts payable | 47/48 | €262,585 | €241,717 | -€20,868 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,962 | €14,982 | +€3,020 | +25.2% |
| Other operating charges | 640/8 | €521 | €19,446 | +€18,926 | +3,633% |
| Gross operating margin | 9900 | €30,016 | €80,561 | +€50,545 | +168% |
| Operating profit (loss) | 9901 | €17,533 | €46,133 | +€28,600 | +163% |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Financial charges | 65/66B | €545 | €5 | -€540 | -99.1% |
| Recurring financial charges | 65 | €545 | €5 | -€540 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €16,987 | €46,204 | +€29,217 | +172% |
| Income taxes | 67/77 | €4,523 | €24,251 | +€19,728 | +436% |
| Profit (loss) for the period | 9904 | €12,464 | €21,953 | +€9,488 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,464 | €21,953 | +€9,488 | +76.1% |
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 31 October 2026 via checked.be.