Garage Piret: what changed
What changed
Garage Piret
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€134,033
2024 · -€131,256-€2,777
Equity
-€246,363
2024 · -€112,330-€134,033
Cash
€38,984
2024 · €21,070+€17,914
Balance sheet total
€393,327
2024 · €918,372-€525,045
Largest movements
Assets
- Stocks and contracts -€275,329
down €275,329 (-90.2%), from €305,329 to €30,000
- Tangible fixed assets -€179,331
down €179,331 (-37.8%), from €474,441 to €295,110
of which Land and buildings: -€127,197
- Receivables within one year -€84,677
down €84,677 (-81.8%), from €103,460 to €18,782
of which Other amounts receivable: -€63,776
- Cash +€17,914
up €17,914 (+85.0%), from €21,070 to €38,984
mainly Stocks and contracts (+€275,329) and Depreciation (+€134,587)
Equity and liabilities
- Short-term financial debts -€293,402
down €293,402 (-32.1%), from €914,244 to €620,841
of which Other loans: -€274,425
- Profit (loss) carried forward -€134,033
down €134,033 (-25.7%), from -€521,830 to -€655,863
- Current portion of long-term debt -€101,938
no longer reported in 2025 (was €101,938)
Income statement
- Goods and materials -€689,452
no longer reported in 2025 (was €689,452)
of which Change in stocks: decrease (increase): -€637,063
- Other operating income -€555,036
no longer reported in 2025 (was €555,036)
- Turnover -€385,038
down €385,038 (-68.9%), from €558,485 to €173,447
- Services and other goods -€227,974
no longer reported in 2025 (was €227,974)
- Staff costs -€79,797
no longer reported in 2025 (was €79,797)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€131,256
Turnover
-€385,038
Other operating income
-€555,036
Goods and materials
+€689,452
Services and other goods
+€227,974
Staff costs
+€79,797
Depreciation
+€34,891
Write-downs
+€12,703
Provisions
-€15,000
Other operating charges
+€12,474
Other operating items
-€114,641
Financial income
-€9,064
Financial charges
+€18,321
Taxes
+€390
Result 2025
-€134,033
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€368,510
Investment
+€44,744
Financing
-€395,340
Cash 2024
€21,070
From operations (derived)
+€368,510
Net result for the year
-€134,033
Depreciation
+€134,587
Stocks and contracts
+€275,329
Receivables within one year
+€84,677
Deferred charges and accrued income
+€3,622
Trade debts
+€4,915
Tax, wage and social debts
-€586
Investment (derived)
+€44,744
Investment in fixed assets (net)
+€44,744
Financing
-€395,340
Current portion of long-term debt
-€101,938
Short-term financial debts
-€293,402
Cash 2025
€38,984
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €918,372 | €393,327 | -€525,045 | -57.2% |
| Fixed assets | 21/28 | €475,555 | €296,223 | -€179,331 | -37.7% |
| Tangible fixed assets | 22/27 | €474,441 | €295,110 | -€179,331 | -37.8% |
| Land and buildings | 22 | €411,950 | €284,753 | -€127,197 | -30.9% |
| Furniture and vehicles | 24 | €62,491 | €10,357 | -€52,134 | -83.4% |
| Financial fixed assets | 28 | €1,114 | €1,114 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,114 | - | -€1,114 | |
| Amounts receivable and cash guarantees | 285/8 | €1,114 | - | -€1,114 | |
| Current assets | 29/58 | €442,818 | €97,104 | -€345,714 | -78.1% |
| Stocks and contracts in progress | 3 | €305,329 | €30,000 | -€275,329 | -90.2% |
| Stocks | 30/36 | €305,329 | €30,000 | -€275,329 | -90.2% |
| Goods purchased for resale | 34 | €305,329 | - | -€305,329 | |
| Amounts receivable within one year | 40/41 | €103,460 | €18,782 | -€84,677 | -81.8% |
| Trade receivables | 40 | €37,878 | €16,977 | -€20,901 | -55.2% |
| Other amounts receivable | 41 | €65,581 | €1,805 | -€63,776 | -97.2% |
| Cash at bank and in hand | 54/58 | €21,070 | €38,984 | +€17,914 | +85.0% |
| Deferred charges and accrued income | 490/1 | €12,959 | €9,338 | -€3,622 | -27.9% |
| Total equity and liabilities | 10/49 | €918,372 | €393,327 | -€525,045 | -57.2% |
| Equity | 10/15 | -€112,330 | -€246,363 | -€134,033 | -119% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €37,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€521,830 | -€655,863 | -€134,033 | -25.7% |
| Amounts payable | 17/49 | €1,030,702 | €639,690 | -€391,012 | -37.9% |
| Amounts payable within one year | 42/48 | €1,018,702 | €627,690 | -€391,012 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €101,938 | - | -€101,938 | |
| Financial debts | 43 | €914,244 | €620,841 | -€293,402 | -32.1% |
| Credit institutions | 430/8 | €18,977 | - | -€18,977 | |
| Other loans | 439 | €895,266 | €620,841 | -€274,425 | -30.7% |
| Trade debts | 44 | €1,934 | €6,849 | +€4,915 | +254% |
| Suppliers | 440/4 | €1,934 | €6,849 | +€4,915 | +254% |
| Taxes, remuneration and social security | 45 | €586 | - | -€586 | |
| Taxes | 450/3 | €586 | - | -€586 | |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Operating income | 70/76A | €1,113,521 | - | -€1.1m | |
| Turnover | 70 | €558,485 | €173,447 | -€385,038 | -68.9% |
| Other operating income | 74 | €555,036 | - | -€555,036 | |
| Operating charges | 60/66A | €1,201,857 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €485,456 | +€485,456 | |
| Goods for resale, raw materials and consumables | 60 | €689,452 | - | -€689,452 | |
| Purchases | 600/8 | €52,389 | - | -€52,389 | |
| Change in stocks: decrease (increase) | 609 | €637,063 | - | -€637,063 | |
| Services and other goods | 61 | €227,974 | - | -€227,974 | |
| Remuneration, social security and pensions | 62 | €79,797 | - | -€79,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,478 | €134,587 | -€34,891 | -20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,459 | €4,756 | -€12,703 | -72.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,000 | - | +€15,000 | |
| Other operating charges | 640/8 | €26,147 | €13,673 | -€12,474 | -47.7% |
| Non-recurring operating charges | 66A | €6,549 | - | -€6,549 | |
| Gross operating margin | 9900 | - | €52,257 | +€52,257 | |
| Operating profit (loss) | 9901 | -€88,337 | -€100,760 | -€12,423 | -14.1% |
| Financial income | 75/76B | €13,463 | €4,399 | -€9,064 | -67.3% |
| Recurring financial income | 75 | €13,463 | €4,399 | -€9,064 | -67.3% |
| Income from current assets | 751 | €2,568 | - | -€2,568 | |
| Other financial income | 752/9 | €10,895 | - | -€10,895 | |
| Financial charges | 65/66B | €55,968 | €37,647 | -€18,321 | -32.7% |
| Recurring financial charges | 65 | €55,968 | €37,647 | -€18,321 | -32.7% |
| Debt charges | 650 | €54,651 | - | -€54,651 | |
| Other financial charges | 652/9 | €1,317 | - | -€1,317 | |
| Profit (loss) for the period before taxes | 9903 | -€130,841 | -€134,008 | -€3,167 | -2.4% |
| Income taxes | 67/77 | €415 | €25 | -€390 | -93.9% |
| Taxes | 670/3 | €415 | - | -€415 | |
| Profit (loss) for the period | 9904 | -€131,256 | -€134,033 | -€2,777 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,256 | -€134,033 | -€2,777 | -2.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.