GARAGE LAVAERT: 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 LAVAERT
Largest movements
- Receivables within one year -€26,899
down €26,899 (-16.9%), from €159,450 to €132,551
of which Trade receivables: -€27,748
- Cash +€11,764
up €11,764 (+63.1%), from €18,653 to €30,417
mainly Receivables within one year (+€26,899) and Deferred charges and accrued income (+€7,680)
- Deferred charges and accrued income -€7,680
down €7,680 (-41.3%), from €18,612 to €10,932
- Trade debts -€21,104
down €21,104 (-35.4%), from €59,637 to €38,533
- Gross operating margin +€50,272
up €50,272 (+44.3%), from €113,590 to €163,863
- Staff costs +€38,763
up €38,763 (+33.7%), from €115,085 to €153,848
- Depreciation -€6,950
down €6,950 (-58.4%), from €11,892 to €4,942
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 | €652,059 | €627,219 | -€24,840 | -3.8% |
| Fixed assets | 21/28 | €444,497 | €439,555 | -€4,942 | -1.1% |
| Tangible fixed assets | 22/27 | €444,497 | €439,555 | -€4,942 | -1.1% |
| Land and buildings | 22 | €427,200 | €427,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,154 | €2,064 | -€1,090 | -34.6% |
| Furniture and vehicles | 24 | €14,142 | €10,291 | -€3,852 | -27.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €207,563 | €187,664 | -€19,898 | -9.6% |
| Stocks and contracts in progress | 3 | €10,847 | €13,764 | +€2,917 | +26.9% |
| Stocks | 30/36 | €10,847 | €13,764 | +€2,917 | +26.9% |
| Amounts receivable within one year | 40/41 | €159,450 | €132,551 | -€26,899 | -16.9% |
| Trade receivables | 40 | €149,193 | €121,445 | -€27,748 | -18.6% |
| Other amounts receivable | 41 | €10,257 | €11,106 | +€849 | +8.3% |
| Cash at bank and in hand | 54/58 | €18,653 | €30,417 | +€11,764 | +63.1% |
| Deferred charges and accrued income | 490/1 | €18,612 | €10,932 | -€7,680 | -41.3% |
| Total equity and liabilities | 10/49 | €652,059 | €627,219 | -€24,840 | -3.8% |
| Equity | 10/15 | €494,786 | €489,781 | -€5,005 | -1.0% |
| Contributions | 10/11 | €428,200 | €428,200 | = | 0.0% |
| Reserves | 13 | €92,975 | €92,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,145 | €30,145 | = | 0.0% |
| Distributable reserves | 133 | €62,830 | €62,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,389 | -€31,394 | -€5,005 | -19.0% |
| Amounts payable | 17/49 | €157,273 | €137,438 | -€19,835 | -12.6% |
| Amounts payable within one year | 42/48 | €157,273 | €137,438 | -€19,835 | -12.6% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €59,637 | €38,533 | -€21,104 | -35.4% |
| Suppliers | 440/4 | €59,637 | €38,533 | -€21,104 | -35.4% |
| Taxes, remuneration and social security | 45 | €22,636 | €23,905 | +€1,269 | +5.6% |
| Taxes | 450/3 | €9,432 | €9,631 | +€199 | +2.1% |
| Remuneration and social security | 454/9 | €13,204 | €14,274 | +€1,070 | +8.1% |
| Non-recurring operating income | 76A | €5,452 | €0 | -€5,452 | -100% |
| Remuneration, social security and pensions | 62 | €115,085 | €153,848 | +€38,763 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,892 | €4,942 | -€6,950 | -58.4% |
| Other operating charges | 640/8 | €8,255 | €7,679 | -€576 | -7.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €113,590 | €163,863 | +€50,272 | +44.3% |
| Operating profit (loss) | 9901 | -€21,642 | -€2,606 | +€19,036 | +88.0% |
| Financial income | 75/76B | €512 | €587 | +€76 | +14.8% |
| Recurring financial income | 75 | €512 | €587 | +€76 | +14.8% |
| Financial charges | 65/66B | €4,241 | €2,854 | -€1,387 | -32.7% |
| Recurring financial charges | 65 | €4,241 | €2,854 | -€1,387 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,371 | -€4,873 | +€20,498 | +80.8% |
| Income taxes | 67/77 | €71 | €132 | +€61 | +85.9% |
| Profit (loss) for the period | 9904 | -€25,442 | -€5,005 | +€20,437 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,442 | -€5,005 | +€20,437 | +80.3% |
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.