GARAGE MUES: 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 MUES
Largest movements
- Tangible fixed assets +€83,495
up €83,495 (+114%), from €72,939 to €156,434
of which Furniture and vehicles: +€82,759
- Cash -€30,542
down €30,542 (-84.3%), from €36,219 to €5,677
mainly Investment in fixed assets (net) (-€105,470) and Tax, wage and social debts (-€56,451)
- Stocks and contracts -€18,819
down €18,819 (-68.3%), from €27,569 to €8,750
- Receivables within one year -€17,227
down €17,227 (-11.8%), from €146,417 to €129,190
of which Other amounts receivable: -€15,644
- Intangible fixed assets -€13,083
down €13,083 (-6.7%), from €196,246 to €183,163
- Debts after one year +€73,713
up €73,713 (+154%), from €47,725 to €121,438
- Tax, wage and social debts -€56,451
down €56,451 (-44.4%), from €127,253 to €70,802
of which Remuneration and social security: -€81,441
- Accrued charges and deferred income -€42,145
down €42,145 (-68.9%), from €61,169 to €19,024
- Trade debts +€17,707
up €17,707 (+12.9%), from €137,304 to €155,010
- Short-term financial debts +€17,000
new in 2025: €17,000
- Depreciation +€15,704
up €15,704 (+81.1%), from €19,355 to €35,058
- Staff costs +€15,061
up €15,061 (+37.4%), from €40,241 to €55,302
- Gross operating margin +€13,007
up €13,007 (+15.6%), from €83,119 to €96,126
- Taxes -€7,662
down €7,662 (-98.2%), from €7,803 to €141
- Financial charges +€3,630
up €3,630 (+143%), from €2,535 to €6,166
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 | €479,390 | €484,205 | +€4,815 | +1.0% |
| Fixed assets | 21/28 | €269,185 | €339,597 | +€70,412 | +26.2% |
| Intangible fixed assets | 21 | €196,246 | €183,163 | -€13,083 | -6.7% |
| Tangible fixed assets | 22/27 | €72,939 | €156,434 | +€83,495 | +114% |
| Land and buildings | 22 | - | €9,732 | +€9,732 | |
| Plant, machinery and equipment | 23 | €38,345 | €33,648 | -€4,697 | -12.2% |
| Furniture and vehicles | 24 | €2,236 | €84,994 | +€82,759 | +3,702% |
| Other tangible fixed assets | 26 | €32,358 | €28,060 | -€4,298 | -13.3% |
| Current assets | 29/58 | €210,205 | €144,608 | -€65,597 | -31.2% |
| Stocks and contracts in progress | 3 | €27,569 | €8,750 | -€18,819 | -68.3% |
| Stocks | 30/36 | €27,569 | €8,750 | -€18,819 | -68.3% |
| Amounts receivable within one year | 40/41 | €146,417 | €129,190 | -€17,227 | -11.8% |
| Trade receivables | 40 | €123,985 | €122,402 | -€1,583 | -1.3% |
| Other amounts receivable | 41 | €22,432 | €6,788 | -€15,644 | -69.7% |
| Cash at bank and in hand | 54/58 | €36,219 | €5,677 | -€30,542 | -84.3% |
| Deferred charges and accrued income | 490/1 | - | €990 | +€990 | |
| Total equity and liabilities | 10/49 | €479,390 | €484,205 | +€4,815 | +1.0% |
| Equity | 10/15 | €91,594 | €88,386 | -€3,208 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,202 | €37,202 | = | 0.0% |
| Distributable reserves | 133 | €37,202 | €37,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,792 | €32,584 | -€3,208 | -9.0% |
| Amounts payable | 17/49 | €387,797 | €395,819 | +€8,023 | +2.1% |
| Amounts payable after more than one year | 17 | €47,725 | €121,438 | +€73,713 | +154% |
| Financial debts | 170/4 | €47,725 | €121,438 | +€73,713 | +154% |
| Amounts payable within one year | 42/48 | €278,902 | €255,357 | -€23,545 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €14,345 | €12,544 | -€1,801 | -12.6% |
| Financial debts | 43 | - | €17,000 | +€17,000 | |
| Other loans | 439 | - | €17,000 | +€17,000 | |
| Trade debts | 44 | €137,304 | €155,010 | +€17,707 | +12.9% |
| Suppliers | 440/4 | €137,304 | €155,010 | +€17,707 | +12.9% |
| Taxes, remuneration and social security | 45 | €127,253 | €70,802 | -€56,451 | -44.4% |
| Taxes | 450/3 | €18,331 | €43,321 | +€24,990 | +136% |
| Remuneration and social security | 454/9 | €108,922 | €27,482 | -€81,441 | -74.8% |
| Accrued charges and deferred income | 492/3 | €61,169 | €19,024 | -€42,145 | -68.9% |
| Remuneration, social security and pensions | 62 | €40,241 | €55,302 | +€15,061 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,355 | €35,058 | +€15,704 | +81.1% |
| Other operating charges | 640/8 | €506 | €3,466 | +€2,960 | +585% |
| Gross operating margin | 9900 | €83,119 | €96,126 | +€13,007 | +15.6% |
| Operating profit (loss) | 9901 | €23,017 | €2,299 | -€20,718 | -90.0% |
| Financial income | 75/76B | €1,056 | €799 | -€257 | -24.3% |
| Recurring financial income | 75 | €1,056 | €799 | -€257 | -24.3% |
| Financial charges | 65/66B | €2,535 | €6,166 | +€3,630 | +143% |
| Recurring financial charges | 65 | €2,535 | €6,166 | +€3,630 | +143% |
| Profit (loss) for the period before taxes | 9903 | €21,538 | -€3,067 | -€24,605 | |
| Income taxes | 67/77 | €7,803 | €141 | -€7,662 | -98.2% |
| Profit (loss) for the period | 9904 | €13,735 | -€3,208 | -€16,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,735 | -€3,208 | -€16,942 |
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 1 November 2026 via checked.be.