GARAGE PATRICK THEYS: 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 PATRICK THEYS
Largest movements
- Cash +€602,257
up €602,257 (+61.3%), from €982,851 to €1.6m
mainly Stocks and contracts (+€364,659) and Net result for the year (+€230,418)
- Stocks and contracts -€364,659
down €364,659 (-23.1%), from €1.6m to €1.2m
- Trade debts +€78,538
up €78,538 (+65.5%), from €119,856 to €198,394
- Other debts +€77,594
up €77,594 (+21.2%), from €366,212 to €443,806
- Tax, wage and social debts +€41,101
up €41,101 (+98.4%), from €41,768 to €82,868
of which Taxes: +€38,240
- Profit (loss) carried forward +€40,418
up €40,418 (+11.5%), from €351,219 to €391,636
- Gross operating margin -€7,742
down €7,742 (-1.6%), from €485,893 to €478,150
- Staff costs +€6,918
up €6,918 (+3.7%), from €187,056 to €193,974
- Financial income -€6,765
down €6,765 (-91.5%), from €7,398 to €632
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 | €2,662,506 | €2,900,157 | +€237,650 | +8.9% |
| Fixed assets | 21/28 | €55,066 | €52,874 | -€2,191 | -4.0% |
| Tangible fixed assets | 22/27 | €54,766 | €52,574 | -€2,191 | -4.0% |
| Plant, machinery and equipment | 23 | €29,882 | €16,294 | -€13,588 | -45.5% |
| Furniture and vehicles | 24 | €24,883 | €16,635 | -€8,248 | -33.1% |
| Other tangible fixed assets | 26 | - | €19,645 | +€19,645 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €2,607,441 | €2,847,282 | +€239,842 | +9.2% |
| Stocks and contracts in progress | 3 | €1,576,004 | €1,211,344 | -€364,659 | -23.1% |
| Stocks | 30/36 | €1,576,004 | €1,211,344 | -€364,659 | -23.1% |
| Amounts receivable within one year | 40/41 | €37,938 | €41,364 | +€3,427 | +9.0% |
| Trade receivables | 40 | €17,775 | €41,364 | +€23,589 | +133% |
| Other amounts receivable | 41 | €20,162 | - | -€20,162 | |
| Cash at bank and in hand | 54/58 | €982,851 | €1,585,108 | +€602,257 | +61.3% |
| Deferred charges and accrued income | 490/1 | €10,649 | €9,466 | -€1,183 | -11.1% |
| Total equity and liabilities | 10/49 | €2,662,506 | €2,900,157 | +€237,650 | +8.9% |
| Equity | 10/15 | €1,972,807 | €2,013,225 | +€40,418 | +2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,559,589 | €1,559,589 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,389 | €53,389 | = | 0.0% |
| Distributable reserves | 133 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,219 | €391,636 | +€40,418 | +11.5% |
| Provisions and deferred taxes | 16 | €161,863 | €161,863 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €161,863 | €161,863 | = | 0.0% |
| Pensions and similar obligations | 160 | €161,863 | €161,863 | = | 0.0% |
| Amounts payable | 17/49 | €527,836 | €725,068 | +€197,233 | +37.4% |
| Amounts payable within one year | 42/48 | €527,836 | €725,068 | +€197,233 | +37.4% |
| Trade debts | 44 | €119,856 | €198,394 | +€78,538 | +65.5% |
| Suppliers | 440/4 | €119,856 | €198,394 | +€78,538 | +65.5% |
| Taxes, remuneration and social security | 45 | €41,768 | €82,868 | +€41,101 | +98.4% |
| Taxes | 450/3 | €10,798 | €49,038 | +€38,240 | +354% |
| Remuneration and social security | 454/9 | €30,970 | €33,830 | +€2,861 | +9.2% |
| Other amounts payable | 47/48 | €366,212 | €443,806 | +€77,594 | +21.2% |
| Remuneration, social security and pensions | 62 | €187,056 | €193,974 | +€6,918 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,451 | €23,512 | -€939 | -3.8% |
| Other operating charges | 640/8 | €14,107 | €17,842 | +€3,735 | +26.5% |
| Gross operating margin | 9900 | €485,893 | €478,150 | -€7,742 | -1.6% |
| Operating profit (loss) | 9901 | €260,278 | €242,821 | -€17,456 | -6.7% |
| Financial income | 75/76B | €7,398 | €632 | -€6,765 | -91.5% |
| Recurring financial income | 75 | €7,398 | €632 | -€6,765 | -91.5% |
| Financial charges | 65/66B | €1,821 | €2,261 | +€440 | +24.1% |
| Recurring financial charges | 65 | €1,821 | €2,261 | +€440 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €265,854 | €241,193 | -€24,662 | -9.3% |
| Income taxes | 67/77 | €10,806 | €10,775 | -€32 | -0.3% |
| Profit (loss) for the period | 9904 | €255,048 | €230,418 | -€24,630 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €255,048 | €230,418 | -€24,630 | -9.7% |
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 31 October 2026 via checked.be.