Garage Philip: 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 Philip
Largest movements
- Receivables within one year +€42,164
up €42,164 (+108%), from €39,181 to €81,345
of which Other amounts receivable: +€41,185
- Cash -€2,922
down €2,922 (-97.0%), from €3,013 to €91
mainly Receivables within one year (-€42,164) and Investment in fixed assets (net) (-€13,800)
- Tangible fixed assets +€2,818
up €2,818 (+13.8%), from €20,471 to €23,289
of which Plant, machinery and equipment: +€4,873
- Deferred charges and accrued income -€2,402
no longer reported in 2024 (was €2,402)
- Trade debts +€24,096
up €24,096 (+76.2%), from €31,631 to €55,727
- Reserves +€13,796
new in 2024: €13,796
- Profit (loss) carried forward +€9,436
no longer reported in 2024 (was -€9,436)
- Tax, wage and social debts -€4,503
down €4,503 (-27.8%), from €16,182 to €11,679
of which Taxes: -€8,127
- Debts after one year -€3,570
down €3,570 (-30.5%), from €11,701 to €8,130
- Staff costs +€13,547
up €13,547 (+57.9%), from €23,377 to €36,924
- Gross operating margin +€13,277
up €13,277 (+18.5%), from €71,944 to €85,221
- Taxes +€4,354
up €4,354 (+211%), from €2,059 to €6,413
- Financial charges +€2,522
up €2,522 (+35.9%), from €7,029 to €9,552
- Financial income +€2,470
up €2,470 (+199%), from €1,240 to €3,710
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,362 | €118,969 | +€38,607 | +48.0% |
| Fixed assets | 21/28 | €20,834 | €23,652 | +€2,818 | +13.5% |
| Tangible fixed assets | 22/27 | €20,471 | €23,289 | +€2,818 | +13.8% |
| Plant, machinery and equipment | 23 | €16,476 | €21,349 | +€4,873 | +29.6% |
| Furniture and vehicles | 24 | €3,107 | €1,940 | -€1,167 | -37.6% |
| Other tangible fixed assets | 26 | €889 | - | -€889 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €59,528 | €95,317 | +€35,789 | +60.1% |
| Stocks and contracts in progress | 3 | €14,931 | €13,880 | -€1,051 | -7.0% |
| Stocks | 30/36 | €14,931 | €13,880 | -€1,051 | -7.0% |
| Amounts receivable within one year | 40/41 | €39,181 | €81,345 | +€42,164 | +108% |
| Trade receivables | 40 | €2,238 | €3,218 | +€980 | +43.8% |
| Other amounts receivable | 41 | €36,943 | €78,128 | +€41,185 | +111% |
| Cash at bank and in hand | 54/58 | €3,013 | €91 | -€2,922 | -97.0% |
| Deferred charges and accrued income | 490/1 | €2,402 | - | -€2,402 | |
| Total equity and liabilities | 10/49 | €80,362 | €118,969 | +€38,607 | +48.0% |
| Equity | 10/15 | -€8,436 | €14,796 | +€23,232 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €13,796 | +€13,796 | |
| Distributable reserves | 133 | - | €13,796 | +€13,796 | |
| Profit (loss) carried forward | 14 | -€9,436 | - | +€9,436 | |
| Amounts payable | 17/49 | €88,799 | €104,173 | +€15,375 | +17.3% |
| Amounts payable after more than one year | 17 | €11,701 | €8,130 | -€3,570 | -30.5% |
| Financial debts | 170/4 | €11,701 | €8,130 | -€3,570 | -30.5% |
| Amounts payable within one year | 42/48 | €77,098 | €96,043 | +€18,945 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €15,585 | €13,556 | -€2,029 | -13.0% |
| Financial debts | 43 | €13,699 | €15,080 | +€1,381 | +10.1% |
| Credit institutions | 430/8 | €13,699 | €15,080 | +€1,381 | +10.1% |
| Trade debts | 44 | €31,631 | €55,727 | +€24,096 | +76.2% |
| Suppliers | 440/4 | €31,631 | €55,727 | +€24,096 | +76.2% |
| Taxes, remuneration and social security | 45 | €16,182 | €11,679 | -€4,503 | -27.8% |
| Taxes | 450/3 | €13,521 | €5,394 | -€8,127 | -60.1% |
| Remuneration and social security | 454/9 | €2,661 | €6,285 | +€3,624 | +136% |
| Remuneration, social security and pensions | 62 | €23,377 | €36,924 | +€13,547 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,848 | €10,982 | +€2,135 | +24.1% |
| Other operating charges | 640/8 | €1,621 | €1,828 | +€207 | +12.8% |
| Gross operating margin | 9900 | €71,944 | €85,221 | +€13,277 | +18.5% |
| Operating profit (loss) | 9901 | €38,099 | €35,487 | -€2,612 | -6.9% |
| Financial income | 75/76B | €1,240 | €3,710 | +€2,470 | +199% |
| Recurring financial income | 75 | €1,240 | €3,710 | +€2,470 | +199% |
| Financial charges | 65/66B | €7,029 | €9,552 | +€2,522 | +35.9% |
| Recurring financial charges | 65 | €7,029 | €9,552 | +€2,522 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €32,309 | €29,645 | -€2,664 | -8.2% |
| Income taxes | 67/77 | €2,059 | €6,413 | +€4,354 | +211% |
| Profit (loss) for the period | 9904 | €30,250 | €23,232 | -€7,018 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,250 | €23,232 | -€7,018 | -23.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.