Garage Keustermans: 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 Keustermans
Largest movements
- Tangible fixed assets -€26,068
down €26,068 (-20.7%), from €126,067 to €99,999
of which Land and buildings: -€13,636
- Cash +€25,379
up €25,379 (+37.1%), from €68,339 to €93,718
mainly Net result for the year (+€55,361) and Depreciation (+€31,771)
- Receivables within one year -€11,048
down €11,048 (-29.1%), from €37,954 to €26,906
of which Trade receivables: -€9,897
- Stocks and contracts +€9,170
up €9,170 (+8.3%), from €110,588 to €119,758
- Short-term financial debts -€20,690
down €20,690 (-25.6%), from €80,690 to €60,000
- Advances received -€15,526
no longer reported in 2025 (was €15,526)
- Reserves +€15,361
up €15,361 (+23.3%), from €65,826 to €81,187
- Other debts +€14,052
up €14,052 (+54.2%), from €25,948 to €40,000
- Tax, wage and social debts +€13,093
up €13,093 (+69.8%), from €18,749 to €31,842
of which Taxes: +€15,296
- Gross operating margin +€48,680
up €48,680 (+35.7%), from €136,440 to €185,120
- Taxes +€12,705
up €12,705 (+154%), from €8,276 to €20,982
- Staff costs +€3,291
up €3,291 (+5.9%), from €55,724 to €59,015
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 | €344,241 | €341,399 | -€2,842 | -0.8% |
| Fixed assets | 21/28 | €127,360 | €100,611 | -€26,749 | -21.0% |
| Intangible fixed assets | 21 | €1,293 | €612 | -€681 | -52.7% |
| Tangible fixed assets | 22/27 | €126,067 | €99,999 | -€26,068 | -20.7% |
| Land and buildings | 22 | €90,923 | €77,287 | -€13,636 | -15.0% |
| Plant, machinery and equipment | 23 | €9,472 | €6,788 | -€2,684 | -28.3% |
| Furniture and vehicles | 24 | €18,938 | €15,608 | -€3,330 | -17.6% |
| Leasing and similar rights | 25 | €6,735 | €317 | -€6,419 | -95.3% |
| Current assets | 29/58 | €216,881 | €240,788 | +€23,907 | +11.0% |
| Stocks and contracts in progress | 3 | €110,588 | €119,758 | +€9,170 | +8.3% |
| Stocks | 30/36 | €110,588 | €119,758 | +€9,170 | +8.3% |
| Amounts receivable within one year | 40/41 | €37,954 | €26,906 | -€11,048 | -29.1% |
| Trade receivables | 40 | €21,637 | €11,740 | -€9,897 | -45.7% |
| Other amounts receivable | 41 | €16,317 | €15,167 | -€1,151 | -7.1% |
| Cash at bank and in hand | 54/58 | €68,339 | €93,718 | +€25,379 | +37.1% |
| Deferred charges and accrued income | 490/1 | - | €406 | +€406 | |
| Total equity and liabilities | 10/49 | €344,241 | €341,399 | -€2,842 | -0.8% |
| Equity | 10/15 | €70,826 | €86,187 | +€15,361 | +21.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,826 | €81,187 | +€15,361 | +23.3% |
| Distributable reserves | 133 | €65,826 | €81,187 | +€15,361 | +23.3% |
| Amounts payable | 17/49 | €273,415 | €255,213 | -€18,203 | -6.7% |
| Amounts payable after more than one year | 17 | €98,113 | €85,078 | -€13,035 | -13.3% |
| Financial debts | 170/4 | €98,113 | €85,078 | -€13,035 | -13.3% |
| Amounts payable within one year | 42/48 | €175,302 | €170,134 | -€5,168 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €22,221 | €16,790 | -€5,431 | -24.4% |
| Financial debts | 43 | €80,690 | €60,000 | -€20,690 | -25.6% |
| Credit institutions | 430/8 | €80,690 | €60,000 | -€20,690 | -25.6% |
| Trade debts | 44 | €12,169 | €21,503 | +€9,334 | +76.7% |
| Suppliers | 440/4 | €12,169 | €21,503 | +€9,334 | +76.7% |
| Advances received on contracts in progress | 46 | €15,526 | - | -€15,526 | |
| Taxes, remuneration and social security | 45 | €18,749 | €31,842 | +€13,093 | +69.8% |
| Taxes | 450/3 | €7,162 | €22,458 | +€15,296 | +214% |
| Remuneration and social security | 454/9 | €11,587 | €9,384 | -€2,203 | -19.0% |
| Other amounts payable | 47/48 | €25,948 | €40,000 | +€14,052 | +54.2% |
| Remuneration, social security and pensions | 62 | €55,724 | €59,015 | +€3,291 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,411 | €31,771 | +€361 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €615 | +€615 | |
| Other operating charges | 640/8 | €7,906 | €9,341 | +€1,436 | +18.2% |
| Gross operating margin | 9900 | €136,440 | €185,120 | +€48,680 | +35.7% |
| Operating profit (loss) | 9901 | €41,399 | €84,377 | +€42,977 | +104% |
| Financial income | 75/76B | €167 | €450 | +€283 | +169% |
| Recurring financial income | 75 | €167 | €450 | +€283 | +169% |
| Financial charges | 65/66B | €7,606 | €8,485 | +€879 | +11.6% |
| Recurring financial charges | 65 | €7,606 | €8,485 | +€879 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €33,961 | €76,342 | +€42,381 | +125% |
| Income taxes | 67/77 | €8,276 | €20,982 | +€12,705 | +154% |
| Profit (loss) for the period | 9904 | €25,685 | €55,361 | +€29,676 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €25,685 | €55,361 | +€29,676 | +116% |
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.