GARAGE ONE STAR: 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 ONE STAR
Largest movements
- Stocks and contracts +€184,510
new in 2025: €184,510
- Tangible fixed assets -€42,704
down €42,704 (-71.3%), from €59,860 to €17,156
- Receivables within one year +€34,228
up €34,228 (+25.9%), from €131,953 to €166,181
of which Trade receivables: +€22,210
- Profit (loss) carried forward +€61,576
up €61,576, from -€1,770 to €59,806
- Trade debts +€45,362
up €45,362 (+93.9%), from €48,287 to €93,648
- Tax, wage and social debts +€45,126
up €45,126 (+53.9%), from €83,757 to €128,882
of which Remuneration and social security: +€26,268
- Other debts +€24,558
new in 2025: €24,558
- Debts after one year -€16,763
down €16,763 (-53.7%), from €31,218 to €14,455
- Gross operating margin +€195,182
up €195,182 (+151%), from €129,198 to €324,380
- Staff costs +€59,900
up €59,900 (+45.1%), from €132,831 to €192,730
- Taxes +€10,930
new in 2025: €10,930
- Financial charges +€4,603
up €4,603 (+52.9%), from €8,695 to €13,298
- Other operating charges +€3,807
up €3,807 (+16.2%), from €23,435 to €27,242
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 | €205,248 | €381,578 | +€176,330 | +85.9% |
| Fixed assets | 21/28 | €59,860 | €17,156 | -€42,704 | -71.3% |
| Tangible fixed assets | 22/27 | €59,860 | €17,156 | -€42,704 | -71.3% |
| Furniture and vehicles | 24 | €59,860 | €17,156 | -€42,704 | -71.3% |
| Current assets | 29/58 | €145,388 | €364,422 | +€219,034 | +151% |
| Stocks and contracts in progress | 3 | - | €184,510 | +€184,510 | |
| Stocks | 30/36 | - | €184,510 | +€184,510 | |
| Amounts receivable within one year | 40/41 | €131,953 | €166,181 | +€34,228 | +25.9% |
| Trade receivables | 40 | €114,148 | €136,358 | +€22,210 | +19.5% |
| Other amounts receivable | 41 | €17,805 | €29,823 | +€12,018 | +67.5% |
| Cash at bank and in hand | 54/58 | €11,278 | €11,186 | -€93 | -0.8% |
| Deferred charges and accrued income | 490/1 | €2,157 | €2,546 | +€389 | +18.1% |
| Total equity and liabilities | 10/49 | €205,248 | €381,578 | +€176,330 | +85.9% |
| Equity | 10/15 | €17,335 | €78,911 | +€61,576 | +355% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €505 | €505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €505 | €505 | = | 0.0% |
| Other | 1319 | €505 | €505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,770 | €59,806 | +€61,576 | |
| Amounts payable | 17/49 | €187,913 | €302,667 | +€114,754 | +61.1% |
| Amounts payable after more than one year | 17 | €31,218 | €14,455 | -€16,763 | -53.7% |
| Financial debts | 170/4 | €31,218 | €14,455 | -€16,763 | -53.7% |
| Amounts payable within one year | 42/48 | €156,695 | €288,211 | +€131,517 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | €16,148 | €16,763 | +€615 | +3.8% |
| Trade debts | 44 | €48,287 | €93,648 | +€45,362 | +93.9% |
| Suppliers | 440/4 | €48,287 | €93,648 | +€45,362 | +93.9% |
| Advances received on contracts in progress | 46 | €8,503 | €24,360 | +€15,857 | +186% |
| Taxes, remuneration and social security | 45 | €83,757 | €128,882 | +€45,126 | +53.9% |
| Taxes | 450/3 | €43,832 | €62,690 | +€18,858 | +43.0% |
| Remuneration and social security | 454/9 | €39,925 | €66,193 | +€26,268 | +65.8% |
| Other amounts payable | 47/48 | - | €24,558 | +€24,558 | |
| Remuneration, social security and pensions | 62 | €132,831 | €192,730 | +€59,900 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,238 | €18,604 | -€3,634 | -16.3% |
| Other operating charges | 640/8 | €23,435 | €27,242 | +€3,807 | +16.2% |
| Gross operating margin | 9900 | €129,198 | €324,380 | +€195,182 | +151% |
| Operating profit (loss) | 9901 | -€49,306 | €85,804 | +€135,110 | |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €8,695 | €13,298 | +€4,603 | +52.9% |
| Recurring financial charges | 65 | €8,695 | €13,298 | +€4,603 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,976 | €72,506 | +€130,482 | |
| Income taxes | 67/77 | - | €10,930 | +€10,930 | |
| Profit (loss) for the period | 9904 | -€57,976 | €61,576 | +€119,552 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,976 | €61,576 | +€119,552 |
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 27 October 2026 via checked.be.