Garage Piessens: 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 Piessens
Largest movements
- Tangible fixed assets -€23,642
down €23,642 (-13.2%), from €178,999 to €155,357
of which Furniture and vehicles: -€18,706
- Cash +€15,775
up €15,775 (+7.6%), from €206,690 to €222,465
mainly Other debts (+€126,584) and Depreciation (+€26,927)
- Receivables within one year +€7,913
up €7,913 (+22.6%), from €34,973 to €42,886
of which Trade receivables: +€5,404
- Stocks and contracts -€6,604
down €6,604 (-18.4%), from €35,809 to €29,205
- Other debts +€126,584
up €126,584 (+930%), from €13,616 to €140,201
- Reserves -€121,659
down €121,659 (-42.8%), from €284,179 to €162,520
- Trade debts -€6,749
down €6,749 (-30.0%), from €22,467 to €15,718
- Debts after one year -€5,615
down €5,615 (-26.8%), from €20,955 to €15,340
- Gross operating margin +€2,182
up €2,182 (+1.7%), from €130,069 to €132,251
- Staff costs +€1,429
up €1,429 (+2.2%), from €64,502 to €65,930
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 | €463,035 | €456,807 | -€6,228 | -1.3% |
| Fixed assets | 21/28 | €179,190 | €155,357 | -€23,834 | -13.3% |
| Tangible fixed assets | 22/27 | €178,999 | €155,357 | -€23,642 | -13.2% |
| Land and buildings | 22 | €135,693 | €129,325 | -€6,367 | -4.7% |
| Plant, machinery and equipment | 23 | €4,119 | €5,549 | +€1,430 | +34.7% |
| Furniture and vehicles | 24 | €39,188 | €20,482 | -€18,706 | -47.7% |
| Financial fixed assets | 28 | €191 | €0 | -€191 | -100% |
| Current assets | 29/58 | €283,844 | €301,450 | +€17,606 | +6.2% |
| Stocks and contracts in progress | 3 | €35,809 | €29,205 | -€6,604 | -18.4% |
| Stocks | 30/36 | €35,809 | €29,205 | -€6,604 | -18.4% |
| Amounts receivable within one year | 40/41 | €34,973 | €42,886 | +€7,913 | +22.6% |
| Trade receivables | 40 | €32,409 | €37,813 | +€5,404 | +16.7% |
| Other amounts receivable | 41 | €2,564 | €5,073 | +€2,509 | +97.9% |
| Cash at bank and in hand | 54/58 | €206,690 | €222,465 | +€15,775 | +7.6% |
| Deferred charges and accrued income | 490/1 | €6,373 | €6,895 | +€522 | +8.2% |
| Total equity and liabilities | 10/49 | €463,035 | €456,807 | -€6,228 | -1.3% |
| Equity | 10/15 | €370,716 | €249,057 | -€121,659 | -32.8% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €284,179 | €162,520 | -€121,659 | -42.8% |
| Distributable reserves | 133 | €284,179 | €162,520 | -€121,659 | -42.8% |
| Profit (loss) carried forward | 14 | €36,958 | €36,958 | = | 0.0% |
| Amounts payable | 17/49 | €92,318 | €207,750 | +€115,432 | +125% |
| Amounts payable after more than one year | 17 | €20,955 | €15,340 | -€5,615 | -26.8% |
| Financial debts | 170/4 | €20,955 | €15,340 | -€5,615 | -26.8% |
| Amounts payable within one year | 42/48 | €66,138 | €186,932 | +€120,794 | +183% |
| Current portion of amounts payable after more than one year | 42 | €5,434 | €5,578 | +€144 | +2.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €22,467 | €15,718 | -€6,749 | -30.0% |
| Suppliers | 440/4 | €22,467 | €15,718 | -€6,749 | -30.0% |
| Taxes, remuneration and social security | 45 | €24,621 | €25,435 | +€814 | +3.3% |
| Taxes | 450/3 | €15,107 | €15,352 | +€245 | +1.6% |
| Remuneration and social security | 454/9 | €9,515 | €10,084 | +€569 | +6.0% |
| Other amounts payable | 47/48 | €13,616 | €140,201 | +€126,584 | +930% |
| Accrued charges and deferred income | 492/3 | €5,225 | €5,478 | +€253 | +4.8% |
| Remuneration, social security and pensions | 62 | €64,502 | €65,930 | +€1,429 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,694 | €26,927 | +€233 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,216 | €4,216 | = | 0.0% |
| Other operating charges | 640/8 | €4,463 | €4,773 | +€310 | +6.9% |
| Gross operating margin | 9900 | €130,069 | €132,251 | +€2,182 | +1.7% |
| Operating profit (loss) | 9901 | €30,195 | €30,404 | +€210 | +0.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,582 | €1,485 | -€1,097 | -42.5% |
| Recurring financial charges | 65 | €2,582 | €1,485 | -€1,097 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €27,612 | €28,919 | +€1,307 | +4.7% |
| Income taxes | 67/77 | €10,549 | €10,378 | -€171 | -1.6% |
| Profit (loss) for the period | 9904 | €17,063 | €18,541 | +€1,478 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,063 | €18,541 | +€1,478 | +8.7% |
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 27 October 2026 via checked.be.