GARAGE MARVELLE: 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 MARVELLE
Largest movements
- Tangible fixed assets +€741,384
up €741,384 (+407%), from €182,243 to €923,626
of which Land and buildings: +€722,346
- Receivables within one year -€134,568
down €134,568 (-65.3%), from €205,953 to €71,385
of which Trade receivables: -€132,868
- Stocks and contracts +€106,947
up €106,947 (+7.6%), from €1.4m to €1.5m
- Cash +€102,901
up €102,901 (+475%), from €21,671 to €124,572
mainly Debts after one year (+€454,971) and Other debts (+€238,200)
- Debts after one year +€454,971
new in 2025: €454,971
- Other debts +€238,200
new in 2025: €238,200
- Accrued charges and deferred income +€155,742
up €155,742 (+107%), from €145,334 to €301,076
- Reserves -€135,000
down €135,000 (-21.0%), from €644,054 to €509,054
of which Distributable reserves: -€135,000
- Trade debts +€88,951
up €88,951 (+51.0%), from €174,308 to €263,259
- Gross operating margin -€611,895
down €611,895 (-40.8%), from €1.5m to €886,873
- Write-downs -€202,506
down €202,506, from €37,752 to -€164,753
- Taxes -€140,547
down €140,547 (-73.7%), from €190,817 to €50,271
- Depreciation +€32,067
up €32,067 (+43.6%), from €73,523 to €105,589
- Financial charges +€24,934
up €24,934 (+721%), from €3,459 to €28,393
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 | €1,820,371 | €2,638,986 | +€818,615 | +45.0% |
| Fixed assets | 21/28 | €182,582 | €925,917 | +€743,335 | +407% |
| Intangible fixed assets | 21 | - | €1,951 | +€1,951 | |
| Tangible fixed assets | 22/27 | €182,243 | €923,626 | +€741,384 | +407% |
| Land and buildings | 22 | €114,415 | €836,761 | +€722,346 | +631% |
| Plant, machinery and equipment | 23 | €38,449 | €65,587 | +€27,138 | +70.6% |
| Furniture and vehicles | 24 | €29,378 | €21,279 | -€8,099 | -27.6% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €1,637,788 | €1,713,069 | +€75,281 | +4.6% |
| Stocks and contracts in progress | 3 | €1,410,165 | €1,517,111 | +€106,947 | +7.6% |
| Stocks | 30/36 | €1,410,165 | €1,517,111 | +€106,947 | +7.6% |
| Amounts receivable within one year | 40/41 | €205,953 | €71,385 | -€134,568 | -65.3% |
| Trade receivables | 40 | €204,253 | €71,385 | -€132,868 | -65.1% |
| Other amounts receivable | 41 | €1,700 | €0 | -€1,700 | -100% |
| Cash at bank and in hand | 54/58 | €21,671 | €124,572 | +€102,901 | +475% |
| Total equity and liabilities | 10/49 | €1,820,371 | €2,638,986 | +€818,615 | +45.0% |
| Equity | 10/15 | €1,241,312 | €1,121,598 | -€119,714 | -9.6% |
| Contributions | 10/11 | €54,537 | €54,537 | = | 0.0% |
| Reserves | 13 | €644,054 | €509,054 | -€135,000 | -21.0% |
| Non-distributable reserves | 130/1 | €5,454 | €5,454 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,454 | €5,454 | = | 0.0% |
| Distributable reserves | 133 | €638,600 | €503,600 | -€135,000 | -21.1% |
| Profit (loss) carried forward | 14 | €542,722 | €558,008 | +€15,286 | +2.8% |
| Amounts payable | 17/49 | €579,059 | €1,517,388 | +€938,329 | +162% |
| Amounts payable after more than one year | 17 | - | €454,971 | +€454,971 | |
| Financial debts | 170/4 | - | €454,971 | +€454,971 | |
| Amounts payable within one year | 42/48 | €433,725 | €761,341 | +€327,616 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | - | €26,089 | +€26,089 | |
| Financial debts | 43 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €174,308 | €263,259 | +€88,951 | +51.0% |
| Suppliers | 440/4 | €174,308 | €263,259 | +€88,951 | +51.0% |
| Taxes, remuneration and social security | 45 | €259,417 | €233,793 | -€25,624 | -9.9% |
| Taxes | 450/3 | €107,642 | €200,405 | +€92,763 | +86.2% |
| Remuneration and social security | 454/9 | €151,775 | €33,388 | -€118,387 | -78.0% |
| Other amounts payable | 47/48 | - | €238,200 | +€238,200 | |
| Accrued charges and deferred income | 492/3 | €145,334 | €301,076 | +€155,742 | +107% |
| Remuneration, social security and pensions | 62 | €755,071 | €730,757 | -€24,314 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,523 | €105,589 | +€32,067 | +43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,752 | -€164,753 | -€202,506 | |
| Other operating charges | 640/8 | €22,552 | €21,012 | -€1,540 | -6.8% |
| Non-recurring operating charges | 66A | €1,480 | €318 | -€1,162 | -78.5% |
| Gross operating margin | 9900 | €1,498,768 | €886,873 | -€611,895 | -40.8% |
| Operating profit (loss) | 9901 | €608,389 | €193,950 | -€414,440 | -68.1% |
| Financial charges | 65/66B | €3,459 | €28,393 | +€24,934 | +721% |
| Recurring financial charges | 65 | €3,459 | €28,393 | +€24,934 | +721% |
| Profit (loss) for the period before taxes | 9903 | €604,931 | €165,557 | -€439,374 | -72.6% |
| Income taxes | 67/77 | €190,817 | €50,271 | -€140,547 | -73.7% |
| Profit (loss) for the period | 9904 | €414,113 | €115,286 | -€298,827 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €414,113 | €115,286 | -€298,827 | -72.2% |
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 26 October 2026 via checked.be.