GARAGE HULSTAERT: 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 HULSTAERT
Largest movements
- Receivables within one year -€4,020
down €4,020 (-71.6%), from €5,612 to €1,592
of which Trade receivables: -€3,589
- Cash -€3,039
down €3,039 (-11.1%), from €27,439 to €24,400
mainly Trade debts (-€6,733) and Investment in fixed assets (net) (-€6,400)
- Tangible fixed assets +€1,930
up €1,930 (+20.2%), from €9,541 to €11,470
of which Furniture and vehicles: +€1,442
- Trade debts -€6,733
down €6,733 (-92.2%), from €7,306 to €573
- Reserves +€5,324
up €5,324 (+98.3%), from €5,416 to €10,740
of which Distributable reserves: +€5,324
- Other debts -€2,314
down €2,314 (-13.8%), from €16,787 to €14,472
- Tax, wage and social debts -€1,304
down €1,304 (-53.2%), from €2,453 to €1,149
- Gross operating margin -€6,542
down €6,542 (-31.0%), from €21,090 to €14,549
- Taxes -€3,569
down €3,569 (-71.8%), from €4,972 to €1,404
- Depreciation +€518
up €518 (+13.1%), from €3,952 to €4,470
- Other operating charges -€516
down €516 (-19.9%), from €2,589 to €2,073
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 | €50,563 | €45,534 | -€5,029 | -9.9% |
| Fixed assets | 21/28 | €9,541 | €11,470 | +€1,930 | +20.2% |
| Tangible fixed assets | 22/27 | €9,541 | €11,470 | +€1,930 | +20.2% |
| Land and buildings | 22 | €1,428 | €1,283 | -€144 | -10.1% |
| Plant, machinery and equipment | 23 | €2,880 | €3,512 | +€632 | +21.9% |
| Furniture and vehicles | 24 | €5,233 | €6,675 | +€1,442 | +27.6% |
| Current assets | 29/58 | €41,022 | €34,064 | -€6,958 | -17.0% |
| Stocks and contracts in progress | 3 | €4,236 | €4,236 | -€0 | 0.0% |
| Stocks | 30/36 | €4,236 | €4,236 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €5,612 | €1,592 | -€4,020 | -71.6% |
| Trade receivables | 40 | €4,584 | €995 | -€3,589 | -78.3% |
| Other amounts receivable | 41 | €1,028 | €596 | -€431 | -42.0% |
| Cash at bank and in hand | 54/58 | €27,439 | €24,400 | -€3,039 | -11.1% |
| Deferred charges and accrued income | 490/1 | €3,736 | €3,837 | +€101 | +2.7% |
| Total equity and liabilities | 10/49 | €50,563 | €45,534 | -€5,029 | -9.9% |
| Equity | 10/15 | €24,016 | €29,340 | +€5,324 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,416 | €10,740 | +€5,324 | +98.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,556 | €8,880 | +€5,324 | +150% |
| Amounts payable | 17/49 | €26,547 | €16,194 | -€10,352 | -39.0% |
| Amounts payable within one year | 42/48 | €26,547 | €16,194 | -€10,352 | -39.0% |
| Trade debts | 44 | €7,306 | €573 | -€6,733 | -92.2% |
| Suppliers | 440/4 | €7,306 | €573 | -€6,733 | -92.2% |
| Taxes, remuneration and social security | 45 | €2,453 | €1,149 | -€1,304 | -53.2% |
| Taxes | 450/3 | €2,453 | €1,149 | -€1,304 | -53.2% |
| Other amounts payable | 47/48 | €16,787 | €14,472 | -€2,314 | -13.8% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,952 | €4,470 | +€518 | +13.1% |
| Other operating charges | 640/8 | €2,589 | €2,073 | -€516 | -19.9% |
| Gross operating margin | 9900 | €21,090 | €14,549 | -€6,542 | -31.0% |
| Operating profit (loss) | 9901 | €14,550 | €8,006 | -€6,543 | -45.0% |
| Financial income | 75/76B | €1 | €6 | +€5 | +844% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +844% |
| Financial charges | 65/66B | €1,367 | €1,285 | -€82 | -6.0% |
| Recurring financial charges | 65 | €1,367 | €1,285 | -€82 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €13,183 | €6,727 | -€6,456 | -49.0% |
| Income taxes | 67/77 | €4,972 | €1,404 | -€3,569 | -71.8% |
| Profit (loss) for the period | 9904 | €8,211 | €5,324 | -€2,887 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,211 | €5,324 | -€2,887 | -35.2% |
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 27 October 2026 via checked.be.