GARAGE PEETERS: 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 PEETERS
Largest movements
- Tangible fixed assets -€193,233
down €193,233 (-13.9%), from €1.4m to €1.2m
of which Furniture and vehicles: -€132,670
- Receivables within one year -€102,926
down €102,926 (-26.3%), from €391,300 to €288,374
of which Trade receivables: -€111,704
- Stocks and contracts +€81,441
up €81,441 (+28.1%), from €289,701 to €371,142
- Cash -€52,911
down €52,911 (-24.8%), from €213,348 to €160,436
mainly Debts after one year (-€142,815) and Trade debts (-€128,559)
- Debts after one year -€142,815
down €142,815 (-24.6%), from €579,630 to €436,814
of which Financial debts: -€175,791
- Trade debts -€128,559
down €128,559 (-44.5%), from €288,643 to €160,084
- Reserves -€45,158
down €45,158 (-3.9%), from €1.2m to €1.1m
of which Distributable reserves: -€45,158
- Advances received +€34,848
new in 2025: €34,848
- Gross operating margin -€61,698
down €61,698 (-9.5%), from €651,810 to €590,112
- Staff costs +€28,452
up €28,452 (+9.6%), from €295,459 to €323,911
- Taxes -€19,684
down €19,684 (-87.4%), from €22,517 to €2,833
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 | €2,315,300 | €2,029,836 | -€285,463 | -12.3% |
| Fixed assets | 21/28 | €1,388,889 | €1,195,656 | -€193,233 | -13.9% |
| Tangible fixed assets | 22/27 | €1,387,819 | €1,194,586 | -€193,233 | -13.9% |
| Land and buildings | 22 | €333,992 | €296,060 | -€37,932 | -11.4% |
| Plant, machinery and equipment | 23 | €19,618 | €14,573 | -€5,045 | -25.7% |
| Furniture and vehicles | 24 | €841,178 | €708,508 | -€132,670 | -15.8% |
| Other tangible fixed assets | 26 | €193,031 | €175,445 | -€17,587 | -9.1% |
| Financial fixed assets | 28 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €926,410 | €834,180 | -€92,230 | -10.0% |
| Stocks and contracts in progress | 3 | €289,701 | €371,142 | +€81,441 | +28.1% |
| Stocks | 30/36 | €289,701 | €371,142 | +€81,441 | +28.1% |
| Amounts receivable within one year | 40/41 | €391,300 | €288,374 | -€102,926 | -26.3% |
| Trade receivables | 40 | €382,912 | €271,207 | -€111,704 | -29.2% |
| Other amounts receivable | 41 | €8,389 | €17,167 | +€8,778 | +105% |
| Cash at bank and in hand | 54/58 | €213,348 | €160,436 | -€52,911 | -24.8% |
| Deferred charges and accrued income | 490/1 | €32,062 | €14,227 | -€17,835 | -55.6% |
| Total equity and liabilities | 10/49 | €2,315,300 | €2,029,836 | -€285,463 | -12.3% |
| Equity | 10/15 | €1,173,655 | €1,128,497 | -€45,158 | -3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,153,655 | €1,108,497 | -€45,158 | -3.9% |
| Tax-exempt reserves | 132 | €10,600 | €10,600 | = | 0.0% |
| Distributable reserves | 133 | €1,143,055 | €1,097,897 | -€45,158 | -4.0% |
| Amounts payable | 17/49 | €1,141,645 | €901,339 | -€240,305 | -21.0% |
| Amounts payable after more than one year | 17 | €579,630 | €436,814 | -€142,815 | -24.6% |
| Financial debts | 170/4 | €462,299 | €286,509 | -€175,791 | -38.0% |
| Other amounts payable | 178/9 | €117,330 | €150,306 | +€32,975 | +28.1% |
| Amounts payable within one year | 42/48 | €550,989 | €452,071 | -€98,917 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €188,327 | €175,791 | -€12,537 | -6.7% |
| Trade debts | 44 | €288,643 | €160,084 | -€128,559 | -44.5% |
| Suppliers | 440/4 | €288,643 | €160,084 | -€128,559 | -44.5% |
| Advances received on contracts in progress | 46 | - | €34,848 | +€34,848 | |
| Taxes, remuneration and social security | 45 | €74,018 | €71,349 | -€2,670 | -3.6% |
| Taxes | 450/3 | €30,771 | €24,762 | -€6,008 | -19.5% |
| Remuneration and social security | 454/9 | €43,248 | €46,586 | +€3,338 | +7.7% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €11,026 | €12,454 | +€1,428 | +12.9% |
| Remuneration, social security and pensions | 62 | €295,459 | €323,911 | +€28,452 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,889 | €201,715 | -€4,174 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,688 | €4,226 | -€1,461 | -25.7% |
| Other operating charges | 640/8 | €23,906 | €24,893 | +€988 | +4.1% |
| Gross operating margin | 9900 | €651,810 | €590,112 | -€61,698 | -9.5% |
| Operating profit (loss) | 9901 | €120,868 | €35,366 | -€85,502 | -70.7% |
| Financial income | 75/76B | €5,175 | - | -€5,175 | |
| Recurring financial income | 75 | €5,175 | - | -€5,175 | |
| Financial charges | 65/66B | €25,619 | €27,691 | +€2,072 | +8.1% |
| Recurring financial charges | 65 | €25,619 | €27,691 | +€2,072 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €100,424 | €7,675 | -€92,749 | -92.4% |
| Income taxes | 67/77 | €22,517 | €2,833 | -€19,684 | -87.4% |
| Profit (loss) for the period | 9904 | €77,907 | €4,842 | -€73,065 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,907 | €4,842 | -€73,065 | -93.8% |
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 29 October 2026 via checked.be.