GARAGE PHLIPS: 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.
What changed
GARAGE PHLIPS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€44,999
2024 · -€119,602+€74,603
Equity
€1.2m
2024 · €1.3m-€44,999
Cash
€100,307
2024 · €90,445+€9,861
Balance sheet total
€1.3m
2024 · €1.6m-€337,914
Largest movements
Assets
- Stocks and contracts -€281,801
down €281,801 (-28.2%), from €998,823 to €717,022
- Tangible fixed assets -€42,426
down €42,426 (-8.6%), from €491,854 to €449,427
of which Land and buildings: -€41,306
Equity and liabilities
- Debts after one year -€224,743
down €224,743 (-100.0%), from €224,743 to €0
- Profit (loss) carried forward -€44,999
down €44,999 (-29.4%), from -€153,030 to -€198,029
- Tax, wage and social debts -€32,327
down €32,327 (-37.7%), from €85,710 to €53,382
of which Remuneration and social security: -€23,421
- Trade debts -€21,740
down €21,740 (-39.7%), from €54,828 to €33,089
Income statement
- Staff costs -€56,366
down €56,366 (-21.5%), from €261,895 to €205,529
- Financial charges -€19,369
down €19,369 (-87.6%), from €22,114 to €2,744
- Financial income -€4,330
down €4,330 (-89.6%), from €4,830 to €500
- Gross operating margin -€2,892
down €2,892 (-1.3%), from €223,446 to €220,553
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.
Result 2024
-€119,602
Gross operating margin
-€2,892
Staff costs
+€56,366
Depreciation
+€2,192
Other operating charges
+€55
Other operating items
+€4,080
Financial income
-€4,330
Financial charges
+€19,369
Taxes
-€237
Result 2025
-€44,999
Cash bridge derived
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.
From operations
+€238,825
Investment
-€4,090
Financing
-€224,874
Cash 2024
€90,445
From operations (derived)
+€238,825
Net result for the year
-€44,999
Depreciation
+€46,516
Stocks and contracts
+€281,801
Receivables within one year
+€8,819
Deferred charges and accrued income
+€14,728
Trade debts
-€21,740
Tax, wage and social debts
-€32,327
Advances received
-€12,489
Other debts
-€1,485
Investment (derived)
-€4,090
Investment in fixed assets (net)
-€4,090
Financing
-€224,874
Debts after one year
-€224,743
Short-term financial debts
-€131
Cash 2025
€100,307
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,649,996 | €1,312,082 | -€337,914 | -20.5% |
| Fixed assets | 21/28 | €491,854 | €449,427 | -€42,426 | -8.6% |
| Tangible fixed assets | 22/27 | €491,854 | €449,427 | -€42,426 | -8.6% |
| Land and buildings | 22 | €483,032 | €441,725 | -€41,306 | -8.6% |
| Plant, machinery and equipment | 23 | €6,374 | €2,660 | -€3,714 | -58.3% |
| Furniture and vehicles | 24 | €2,448 | €5,042 | +€2,593 | +105.9% |
| Current assets | 29/58 | €1,158,142 | €862,655 | -€295,487 | -25.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €998,823 | €717,022 | -€281,801 | -28.2% |
| Stocks | 30/36 | €998,823 | €717,022 | -€281,801 | -28.2% |
| Amounts receivable within one year | 40/41 | €49,589 | €40,769 | -€8,819 | -17.8% |
| Trade receivables | 40 | €42,633 | €35,202 | -€7,431 | -17.4% |
| Other amounts receivable | 41 | €6,956 | €5,568 | -€1,388 | -20.0% |
| Cash at bank and in hand | 54/58 | €90,445 | €100,307 | +€9,861 | +10.9% |
| Deferred charges and accrued income | 490/1 | €19,285 | €4,557 | -€14,728 | -76.4% |
| Total equity and liabilities | 10/49 | €1,649,996 | €1,312,082 | -€337,914 | -20.5% |
| Equity | 10/15 | €1,258,333 | €1,213,335 | -€44,999 | -3.6% |
| Contributions | 10/11 | €992,894 | €992,894 | = | 0.0% |
| Reserves | 13 | €418,470 | €418,470 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €362,220 | €362,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,030 | -€198,029 | -€44,999 | -29.4% |
| Amounts payable | 17/49 | €391,663 | €98,748 | -€292,915 | -74.8% |
| Amounts payable after more than one year | 17 | €224,743 | €0 | -€224,743 | -100.0% |
| Other amounts payable | 178/9 | €224,743 | €0 | -€224,743 | -100.0% |
| Amounts payable within one year | 42/48 | €166,920 | €98,748 | -€68,172 | -40.8% |
| Financial debts | 43 | €146 | €16 | -€131 | -89.3% |
| Credit institutions | 430/8 | €146 | €16 | -€131 | -89.3% |
| Trade debts | 44 | €54,828 | €33,089 | -€21,740 | -39.7% |
| Suppliers | 440/4 | €54,828 | €33,089 | -€21,740 | -39.7% |
| Advances received on contracts in progress | 46 | €24,750 | €12,261 | -€12,489 | -50.5% |
| Taxes, remuneration and social security | 45 | €85,710 | €53,382 | -€32,327 | -37.7% |
| Taxes | 450/3 | €40,064 | €31,158 | -€8,906 | -22.2% |
| Remuneration and social security | 454/9 | €45,646 | €22,224 | -€23,421 | -51.3% |
| Other amounts payable | 47/48 | €1,485 | €0 | -€1,485 | -100.0% |
| Non-recurring operating income | 76A | €2,479 | €0 | -€2,479 | -100.0% |
| Remuneration, social security and pensions | 62 | €261,895 | €205,529 | -€56,366 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,709 | €46,516 | -€2,192 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,023 | €10,968 | -€55 | -0.5% |
| Non-recurring operating charges | 66A | €4,080 | €0 | -€4,080 | -100.0% |
| Gross operating margin | 9900 | €223,446 | €220,553 | -€2,892 | -1.3% |
| Operating profit (loss) | 9901 | -€102,262 | -€42,460 | +€59,801 | +58.5% |
| Financial income | 75/76B | €4,830 | €500 | -€4,330 | -89.6% |
| Recurring financial income | 75 | €4,830 | €500 | -€4,330 | -89.6% |
| Financial charges | 65/66B | €22,114 | €2,744 | -€19,369 | -87.6% |
| Recurring financial charges | 65 | €22,114 | €2,744 | -€19,369 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€119,545 | -€44,704 | +€74,841 | +62.6% |
| Income taxes | 67/77 | €57 | €294 | +€237 | +416.9% |
| Profit (loss) for the period | 9904 | -€119,602 | -€44,999 | +€74,603 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,602 | -€44,999 | +€74,603 | +62.4% |
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 12 October 2026 via checked.be.