GARAGE MERINSKY: 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.
What changed
GARAGE MERINSKY
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€209,466
2024 · €103,058+€106,409
Equity
€1.0m
2024 · €827,101+€209,466
Cash
€255,395
2024 · €202,156+€53,239
Balance sheet total
€5.6m
2024 · €5.4m+€188,860
Largest movements
Assets
- Stocks and contracts +€276,606
up €276,606 (+11.0%), from €2.5m to €2.8m
- Tangible fixed assets -€88,745
down €88,745 (-4.2%), from €2.1m to €2.0m
of which Land and buildings: -€106,540
Equity and liabilities
- Debts after one year -€379,625
down €379,625 (-22.7%), from €1.7m to €1.3m
of which Other amounts payable: -€268,769
- Trade debts +€223,543
up €223,543 (+8.2%), from €2.7m to €2.9m
- Profit (loss) carried forward +€209,466
up €209,466 (+31.2%), from -€671,542 to -€462,075
- Current portion of long-term debt +€89,041
up €89,041 (+86.9%), from €102,505 to €191,545
Income statement
- Gross operating margin +€177,585
up €177,585 (+26.8%), from €663,743 to €841,328
- Financial charges +€49,665
up €49,665 (+61.8%), from €80,367 to €130,032
- Staff costs +€30,476
up €30,476 (+9.1%), from €335,081 to €365,558
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.
Result 2024
€103,058
Gross operating margin
+€177,585
Staff costs
-€30,476
Depreciation
+€458
Other operating charges
+€4,670
Financial income
+€3,841
Financial charges
-€49,665
Taxes
-€4
Result 2025
€209,466
raises the resultlowers the result
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.
From operations
+€374,657
Investment
-€30,834
Financing
-€290,585
Cash 2024
€202,156
From operations (derived)
+€374,657
Net result for the year
+€209,466
Depreciation
+€120,924
Stocks and contracts
-€276,606
Receivables within one year
+€48,301
Deferred charges and accrued income
+€2,593
Trade debts
+€223,543
Tax, wage and social debts
+€31,991
Advances received
+€14,800
Accrued charges and deferred income
-€356
Investment (derived)
-€30,834
Investment in fixed assets (net)
-€30,834
Financing
-€290,585
Debts after one year
-€379,625
Current portion of long-term debt
+€89,041
Cash 2025
€255,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,373,535 | €5,562,396 | +€188,860 | +3.5% |
| Fixed assets | 21/28 | €2,259,706 | €2,169,616 | -€90,090 | -4.0% |
| Intangible fixed assets | 21 | €3,334 | €1,989 | -€1,345 | -40.3% |
| Tangible fixed assets | 22/27 | €2,112,626 | €2,023,881 | -€88,745 | -4.2% |
| Land and buildings | 22 | €2,075,365 | €1,968,825 | -€106,540 | -5.1% |
| Plant, machinery and equipment | 23 | €32,662 | €44,310 | +€11,648 | +35.7% |
| Furniture and vehicles | 24 | €4,599 | €10,746 | +€6,147 | +134% |
| Financial fixed assets | 28 | €143,746 | €143,746 | = | 0.0% |
| Current assets | 29/58 | €3,113,829 | €3,392,780 | +€278,951 | +9.0% |
| Stocks and contracts in progress | 3 | €2,515,460 | €2,792,066 | +€276,606 | +11.0% |
| Stocks | 30/36 | €2,515,460 | €2,792,066 | +€276,606 | +11.0% |
| Amounts receivable within one year | 40/41 | €374,509 | €326,207 | -€48,301 | -12.9% |
| Trade receivables | 40 | €195,708 | €227,077 | +€31,369 | +16.0% |
| Other amounts receivable | 41 | €178,801 | €99,130 | -€79,670 | -44.6% |
| Cash at bank and in hand | 54/58 | €202,156 | €255,395 | +€53,239 | +26.3% |
| Deferred charges and accrued income | 490/1 | €21,704 | €19,111 | -€2,593 | -11.9% |
| Total equity and liabilities | 10/49 | €5,373,535 | €5,562,396 | +€188,860 | +3.5% |
| Equity | 10/15 | €827,101 | €1,036,567 | +€209,466 | +25.3% |
| Contributions | 10/11 | €483,000 | €483,000 | = | 0.0% |
| Revaluation surpluses | 12 | €564,149 | €535,577 | -€28,571 | -5.1% |
| Reserves | 13 | €451,494 | €480,065 | +€28,571 | +6.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €392,744 | €421,315 | +€28,571 | +7.3% |
| Profit (loss) carried forward | 14 | -€671,542 | -€462,075 | +€209,466 | +31.2% |
| Amounts payable | 17/49 | €4,546,435 | €4,525,829 | -€20,606 | -0.5% |
| Amounts payable after more than one year | 17 | €1,670,910 | €1,291,285 | -€379,625 | -22.7% |
| Financial debts | 170/4 | €1,321,582 | €1,210,726 | -€110,856 | -8.4% |
| Other amounts payable | 178/9 | €349,328 | €80,559 | -€268,769 | -76.9% |
| Amounts payable within one year | 42/48 | €2,875,168 | €3,234,544 | +€359,375 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €102,505 | €191,545 | +€89,041 | +86.9% |
| Trade debts | 44 | €2,713,485 | €2,937,029 | +€223,543 | +8.2% |
| Suppliers | 440/4 | €2,713,485 | €2,937,029 | +€223,543 | +8.2% |
| Advances received on contracts in progress | 46 | €1,488 | €16,288 | +€14,800 | +995% |
| Taxes, remuneration and social security | 45 | €57,691 | €89,682 | +€31,991 | +55.5% |
| Taxes | 450/3 | €11,558 | €20,556 | +€8,998 | +77.8% |
| Remuneration and social security | 454/9 | €46,132 | €69,126 | +€22,994 | +49.8% |
| Accrued charges and deferred income | 492/3 | €356 | - | -€356 | |
| Remuneration, social security and pensions | 62 | €335,081 | €365,558 | +€30,476 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,382 | €120,924 | -€458 | -0.4% |
| Other operating charges | 640/8 | €24,710 | €20,040 | -€4,670 | -18.9% |
| Gross operating margin | 9900 | €663,743 | €841,328 | +€177,585 | +26.8% |
| Operating profit (loss) | 9901 | €182,569 | €334,805 | +€152,236 | +83.4% |
| Financial income | 75/76B | €856 | €4,697 | +€3,841 | +449% |
| Recurring financial income | 75 | €856 | €4,697 | +€3,841 | +449% |
| Financial charges | 65/66B | €80,367 | €130,032 | +€49,665 | +61.8% |
| Recurring financial charges | 65 | €80,367 | €130,032 | +€49,665 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €103,058 | €209,470 | +€106,412 | +103% |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | €103,058 | €209,466 | +€106,409 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €103,058 | €209,466 | +€106,409 | +103% |
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 18 October 2026 via checked.be.