Garage Michel: what changed
Garage Michel
Largest movements
- Receivables within one year +€66,634
up €66,634 (+1,201%), from €5,546 to €72,180
of which Other amounts receivable: +€68,854
- Tangible fixed assets -€5,538
down €5,538 (-64.2%), from €8,620 to €3,082
of which Furniture and vehicles: -€4,720
- Cash +€4,478
up €4,478 (+630%), from €711 to €5,189
mainly Trade debts (+€56,599) and Depreciation (+€5,538)
- Stocks and contracts -€2,852
down €2,852 (-15.8%), from €18,002 to €15,150
- Trade debts +€56,599
up €56,599 (+229%), from €24,671 to €81,270
- Profit (loss) carried forward +€4,417
up €4,417 (+36.0%), from -€12,258 to -€7,841
- Tax, wage and social debts +€1,706
up €1,706 (+11,373%), from €15 to €1,721
- Financial charges -€1,228
down €1,228 (-82.5%), from €1,489 to €261
- Other operating charges +€547
up €547 (+50.5%), from €1,083 to €1,630
- Gross operating margin +€292
up €292 (+2.5%), from €11,554 to €11,846
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,879 | €95,601 | +€62,722 | +191% |
| Fixed assets | 21/28 | €8,620 | €3,082 | -€5,538 | -64.2% |
| Tangible fixed assets | 22/27 | €8,620 | €3,082 | -€5,538 | -64.2% |
| Plant, machinery and equipment | 23 | €3,516 | €2,698 | -€818 | -23.3% |
| Furniture and vehicles | 24 | €5,104 | €384 | -€4,720 | -92.5% |
| Current assets | 29/58 | €24,259 | €92,519 | +€68,260 | +281% |
| Stocks and contracts in progress | 3 | €18,002 | €15,150 | -€2,852 | -15.8% |
| Stocks | 30/36 | €18,002 | €15,150 | -€2,852 | -15.8% |
| Amounts receivable within one year | 40/41 | €5,546 | €72,180 | +€66,634 | +1,201% |
| Trade receivables | 40 | €5,546 | €3,326 | -€2,220 | -40.0% |
| Other amounts receivable | 41 | - | €68,854 | +€68,854 | |
| Cash at bank and in hand | 54/58 | €711 | €5,189 | +€4,478 | +630% |
| Total equity and liabilities | 10/49 | €32,879 | €95,601 | +€62,722 | +191% |
| Equity | 10/15 | €8,193 | €12,610 | +€4,417 | +53.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Other | 1319 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€12,258 | -€7,841 | +€4,417 | +36.0% |
| Amounts payable | 17/49 | €24,686 | €82,991 | +€58,305 | +236% |
| Amounts payable within one year | 42/48 | €24,686 | €82,991 | +€58,305 | +236% |
| Trade debts | 44 | €24,671 | €81,270 | +€56,599 | +229% |
| Suppliers | 440/4 | €24,671 | €81,270 | +€56,599 | +229% |
| Taxes, remuneration and social security | 45 | €15 | €1,721 | +€1,706 | +11,373% |
| Taxes | 450/3 | €15 | €1,721 | +€1,706 | +11,373% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,538 | €5,538 | = | 0.0% |
| Other operating charges | 640/8 | €1,083 | €1,630 | +€547 | +50.5% |
| Gross operating margin | 9900 | €11,554 | €11,846 | +€292 | +2.5% |
| Operating profit (loss) | 9901 | €4,933 | €4,678 | -€255 | -5.2% |
| Financial charges | 65/66B | €1,489 | €261 | -€1,228 | -82.5% |
| Recurring financial charges | 65 | €1,489 | €261 | -€1,228 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €3,444 | €4,417 | +€973 | +28.3% |
| Profit (loss) for the period | 9904 | €3,444 | €4,417 | +€973 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,444 | €4,417 | +€973 | +28.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.