GARAGE KF-SD: 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 KF-SD
Largest movements
- Receivables within one year -€66,949
down €66,949 (-76.4%), from €87,608 to €20,659
- Stocks and contracts +€32,350
up €32,350 (+11.5%), from €281,283 to €313,633
of which Contracts in progress: +€70,140
- Tangible fixed assets -€19,362
down €19,362 (-21.2%), from €91,537 to €72,175
- Cash +€16,759
up €16,759 (+45.6%), from €36,731 to €53,489
mainly Receivables within one year (+€66,949) and Trade debts (+€40,715)
- Current portion of long-term debt -€62,264
down €62,264 (-87.3%), from €71,294 to €9,030
- Trade debts +€40,715
new in 2025: €40,715
- Tax, wage and social debts -€8,791
down €8,791 (-41.2%), from €21,313 to €12,521
- Debts after one year -€8,351
down €8,351 (-2.6%), from €322,235 to €313,883
- Gross operating margin -€51,971
down €51,971 (-52.3%), from €99,399 to €47,428
- Taxes -€16,378
down €16,378 (-92.6%), from €17,694 to €1,316
- Other operating charges -€7,281
down €7,281 (-83.5%), from €8,719 to €1,438
- Financial charges -€2,753
down €2,753 (-12.4%), from €22,114 to €19,361
of which Financial charges: -€5,108
- Depreciation -€1,742
down €1,742 (-9.9%), from €17,650 to €15,908
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 | €497,183 | €459,980 | -€37,203 | -7.5% |
| Fixed assets | 21/28 | €91,562 | €72,200 | -€19,362 | -21.1% |
| Tangible fixed assets | 22/27 | €91,537 | €72,175 | -€19,362 | -21.2% |
| Land and buildings | 22 | €71,713 | €62,273 | -€9,439 | -13.2% |
| Plant, machinery and equipment | 23 | €8,225 | €5,111 | -€3,114 | -37.9% |
| Furniture and vehicles | 24 | €11,599 | €4,790 | -€6,809 | -58.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €405,621 | €387,781 | -€17,841 | -4.4% |
| Stocks and contracts in progress | 3 | €281,283 | €313,633 | +€32,350 | +11.5% |
| Stocks | 30/36 | €281,283 | €243,493 | -€37,790 | -13.4% |
| Contracts in progress | 37 | - | €70,140 | +€70,140 | |
| Amounts receivable within one year | 40/41 | €87,608 | €20,659 | -€66,949 | -76.4% |
| Trade receivables | 40 | €87,608 | €20,659 | -€66,949 | -76.4% |
| Cash at bank and in hand | 54/58 | €36,731 | €53,489 | +€16,759 | +45.6% |
| Total equity and liabilities | 10/49 | €497,183 | €459,980 | -€37,203 | -7.5% |
| Equity | 10/15 | €82,017 | €83,511 | +€1,493 | +1.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | - | -€8,060 | |
| Share premium | 1100/10 | €8,060 | - | -€8,060 | |
| Reserves | 13 | €73,957 | €75,451 | +€1,493 | +2.0% |
| Distributable reserves | 133 | €73,957 | €75,451 | +€1,493 | +2.0% |
| Amounts payable | 17/49 | €415,165 | €376,470 | -€38,696 | -9.3% |
| Amounts payable after more than one year | 17 | €322,235 | €313,883 | -€8,351 | -2.6% |
| Financial debts | 170/4 | €322,235 | €313,883 | -€8,351 | -2.6% |
| Amounts payable within one year | 42/48 | €92,607 | €62,294 | -€30,313 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €71,294 | €9,030 | -€62,264 | -87.3% |
| Trade debts | 44 | - | €40,715 | +€40,715 | |
| Suppliers | 440/4 | - | €40,715 | +€40,715 | |
| Taxes, remuneration and social security | 45 | €21,313 | €12,521 | -€8,791 | -41.2% |
| Taxes | 450/3 | €21,313 | €12,521 | -€8,791 | -41.2% |
| Other amounts payable | 47/48 | - | €27 | +€27 | |
| Accrued charges and deferred income | 492/3 | €324 | €292 | -€32 | -9.8% |
| Remuneration, social security and pensions | 62 | €8,666 | €7,912 | -€754 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,650 | €15,908 | -€1,742 | -9.9% |
| Other operating charges | 640/8 | €8,719 | €1,438 | -€7,281 | -83.5% |
| Gross operating margin | 9900 | €99,399 | €47,428 | -€51,971 | -52.3% |
| Operating profit (loss) | 9901 | €64,365 | €22,170 | -€42,195 | -65.6% |
| Financial income | 75/76B | €25 | €0 | -€25 | -98.5% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -98.5% |
| Financial charges | 65/66B | €22,114 | €19,361 | -€2,753 | -12.4% |
| Recurring financial charges | 65 | €22,114 | €17,006 | -€5,108 | -23.1% |
| Non-recurring financial charges | 66B | - | €2,355 | +€2,355 | |
| Profit (loss) for the period before taxes | 9903 | €42,276 | €2,810 | -€39,467 | -93.4% |
| Income taxes | 67/77 | €17,694 | €1,316 | -€16,378 | -92.6% |
| Profit (loss) for the period | 9904 | €24,582 | €1,493 | -€23,089 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,582 | €1,493 | -€23,089 | -93.9% |
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 21 October 2026 via checked.be.