GARAGE HEREMANS: 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.
What changed
GARAGE HEREMANS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€250,164
2024 · €387,118-€136,954
Equity
€5.0m
2024 · €4.8m+€250,164
Cash
€1.9m
2024 · €2.4m-€410,098
Balance sheet total
€6.7m
2024 · €8.5m-€1.8m
Largest movements
Assets
- Stocks and contracts -€1.1m
down €1.1m (-26.1%), from €4.4m to €3.2m
- Cash -€410,098
down €410,098 (-17.4%), from €2.4m to €1.9m
mainly Trade debts (-€2.1m) and Investment in fixed assets (net) (-€39,554)
- Tangible fixed assets -€213,045
down €213,045 (-17.1%), from €1.2m to €1.0m
of which Land and buildings: -€202,310
Equity and liabilities
- Trade debts -€2.1m
down €2.1m (-80.4%), from €2.6m to €509,304
- Reserves +€250,164
up €250,164 (+5.4%), from €4.6m to €4.9m
of which Distributable reserves: +€250,164
Income statement
- Turnover -€3.1m
down €3.1m (-17.9%), from €17.3m to €14.2m
- Goods and materials -€3.1m
down €3.1m (-19.5%), from €15.7m to €12.6m
of which Purchases: -€3.3m
- Other operating income -€188,749
down €188,749 (-19.2%), from €982,085 to €793,336
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.
Result 2024
€387,118
Turnover
-€3.1m
Other operating income
-€188,749
Goods and materials
+€3.1m
Services and other goods
+€13,951
Staff costs
+€34,377
Depreciation
-€4,384
Write-downs
-€19,000
Other operating charges
+€19,105
Financial income
+€16
Financial charges
-€104
Taxes
+€32,631
Result 2025
€250,164
raises the resultlowers the result
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.
From operations
-€360,543
Investment
-€39,554
Financing
-€10,001
Cash 2024
€2.4m
From operations (derived)
-€360,543
Net result for the year
+€250,164
Depreciation
+€252,600
Stocks and contracts
+€1.1m
Receivables within one year
+€63,817
Deferred charges and accrued income
-€2,266
Trade debts
-€2.1m
Tax, wage and social debts
+€53,344
Other debts
-€16,539
Accrued charges and deferred income
-€5,862
Investment (derived)
-€39,554
Investment in fixed assets (net)
-€39,554
Financing
-€10,001
Current portion of long-term debt
-€10,001
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,502,056 | €6,678,601 | -€1.8m | -21.4% |
| Fixed assets | 21/28 | €1,246,453 | €1,033,407 | -€213,045 | -17.1% |
| Tangible fixed assets | 22/27 | €1,246,453 | €1,033,407 | -€213,045 | -17.1% |
| Land and buildings | 22 | €1,122,560 | €920,250 | -€202,310 | -18.0% |
| Plant, machinery and equipment | 23 | €117,551 | €96,735 | -€20,816 | -17.7% |
| Furniture and vehicles | 24 | €6,342 | €16,422 | +€10,081 | +159% |
| Current assets | 29/58 | €7,255,603 | €5,645,194 | -€1.6m | -22.2% |
| Stocks and contracts in progress | 3 | €4,355,387 | €3,216,626 | -€1.1m | -26.1% |
| Stocks | 30/36 | €4,355,387 | €3,216,626 | -€1.1m | -26.1% |
| Goods purchased for resale | 34 | €4,355,387 | €3,216,626 | -€1.1m | -26.1% |
| Amounts receivable within one year | 40/41 | €513,933 | €450,115 | -€63,817 | -12.4% |
| Trade receivables | 40 | €457,933 | €395,115 | -€62,817 | -13.7% |
| Other amounts receivable | 41 | €56,000 | €55,000 | -€1,000 | -1.8% |
| Cash at bank and in hand | 54/58 | €2,353,917 | €1,943,819 | -€410,098 | -17.4% |
| Deferred charges and accrued income | 490/1 | €32,366 | €34,633 | +€2,266 | +7.0% |
| Total equity and liabilities | 10/49 | €8,502,056 | €6,678,601 | -€1.8m | -21.4% |
| Equity | 10/15 | €4,783,129 | €5,033,292 | +€250,164 | +5.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €4,633,129 | €4,883,292 | +€250,164 | +5.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €4,618,129 | €4,868,292 | +€250,164 | +5.4% |
| Amounts payable | 17/49 | €3,718,927 | €1,645,309 | -€2.1m | -55.8% |
| Amounts payable within one year | 42/48 | €3,713,066 | €1,645,309 | -€2.1m | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €10,001 | - | -€10,001 | |
| Trade debts | 44 | €2,603,866 | €509,304 | -€2.1m | -80.4% |
| Suppliers | 440/4 | €2,603,866 | €509,304 | -€2.1m | -80.4% |
| Taxes, remuneration and social security | 45 | €108,891 | €162,235 | +€53,344 | +49.0% |
| Taxes | 450/3 | €53,160 | €103,812 | +€50,651 | +95.3% |
| Remuneration and social security | 454/9 | €55,731 | €58,423 | +€2,693 | +4.8% |
| Other amounts payable | 47/48 | €990,308 | €973,769 | -€16,539 | -1.7% |
| Accrued charges and deferred income | 492/3 | €5,862 | - | -€5,862 | |
| Operating income | 70/76A | €18,302,295 | €15,021,712 | -€3.3m | -17.9% |
| Turnover | 70 | €17,320,210 | €14,228,375 | -€3.1m | -17.9% |
| Other operating income | 74 | €982,085 | €793,336 | -€188,749 | -19.2% |
| Operating charges | 60/66A | €17,710,651 | €14,599,565 | -€3.1m | -17.6% |
| Goods for resale, raw materials and consumables | 60 | €15,708,940 | €12,641,904 | -€3.1m | -19.5% |
| Purchases | 600/8 | €14,781,173 | €11,522,142 | -€3.3m | -22.0% |
| Change in stocks: decrease (increase) | 609 | €927,767 | €1,119,761 | +€191,994 | +20.7% |
| Services and other goods | 61 | €903,033 | €889,082 | -€13,951 | -1.5% |
| Remuneration, social security and pensions | 62 | €762,253 | €727,876 | -€34,377 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,215 | €252,600 | +€4,384 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,000 | +€19,000 | |
| Other operating charges | 640/8 | €88,210 | €69,104 | -€19,105 | -21.7% |
| Operating profit (loss) | 9901 | €591,644 | €422,147 | -€169,497 | -28.6% |
| Financial income | 75/76B | €26 | €42 | +€16 | +60.3% |
| Recurring financial income | 75 | €26 | €42 | +€16 | +60.3% |
| Income from current assets | 751 | €26 | €42 | +€16 | +59.9% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74,006 | €74,110 | +€104 | +0.1% |
| Recurring financial charges | 65 | €74,006 | €74,110 | +€104 | +0.1% |
| Debt charges | 650 | €71,975 | €72,651 | +€675 | +0.9% |
| Other financial charges | 652/9 | €2,030 | €1,459 | -€571 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €517,664 | €348,079 | -€169,586 | -32.8% |
| Income taxes | 67/77 | €130,546 | €97,915 | -€32,631 | -25.0% |
| Taxes | 670/3 | €134,008 | €97,915 | -€36,093 | -26.9% |
| Tax adjustments and reversals of tax provisions | 77 | €3,462 | - | -€3,462 | |
| Profit (loss) for the period | 9904 | €387,118 | €250,164 | -€136,954 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €387,118 | €250,164 | -€136,954 | -35.4% |
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 18 October 2026 via checked.be.