GARAGE POLYTECH: what changed
Two fiscal 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 POLYTECH
Largest movements
- Cash +€53,578
up €53,578 (+91.2%), from €58,747 to €112,325
mainly Accrued charges and deferred income (+€26,351) and Depreciation (+€22,410)
- Receivables within one year -€21,359
down €21,359 (-49.6%), from €43,035 to €21,676
of which Other amounts receivable: -€15,592
- Tangible fixed assets -€20,388
down €20,388 (-10.5%), from €194,824 to €174,436
of which Land and buildings: -€17,534
- Accrued charges and deferred income +€26,351
new in 2025: €26,351
- Debts after one year -€18,987
down €18,987 (-18.0%), from €105,256 to €86,269
of which Financial debts: -€18,987
- Profit (loss) carried forward +€17,199
up €17,199 (+11.7%), from €146,640 to €163,840
- Current portion of long-term debt -€9,451
down €9,451 (-33.2%), from €28,437 to €18,987
- Trade debts -€6,571
down €6,571 (-90.2%), from €7,281 to €710
- Gross operating margin -€38,958
down €38,958 (-42.0%), from €92,740 to €53,781
- Taxes -€1,924
down €1,924 (-26.2%), from €7,346 to €5,422
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,066 | €319,897 | +€11,831 | +3.8% |
| Fixed assets | 21/28 | €194,824 | €174,436 | -€20,388 | -10.5% |
| Tangible fixed assets | 22/27 | €194,824 | €174,436 | -€20,388 | -10.5% |
| Land and buildings | 22 | €180,270 | €162,736 | -€17,534 | -9.7% |
| Plant, machinery and equipment | 23 | €8,221 | €6,359 | -€1,862 | -22.6% |
| Furniture and vehicles | 24 | €4,320 | €3,976 | -€344 | -8.0% |
| Leasing and similar rights | 25 | €2,014 | €1,365 | -€649 | -32.2% |
| Current assets | 29/58 | €113,241 | €145,460 | +€32,219 | +28.5% |
| Stocks and contracts in progress | 3 | €11,459 | €11,459 | = | 0.0% |
| Stocks | 30/36 | €11,459 | €11,459 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,035 | €21,676 | -€21,359 | -49.6% |
| Trade receivables | 40 | €26,464 | €20,697 | -€5,767 | -21.8% |
| Other amounts receivable | 41 | €16,571 | €979 | -€15,592 | -94.1% |
| Cash at bank and in hand | 54/58 | €58,747 | €112,325 | +€53,578 | +91.2% |
| Total equity and liabilities | 10/49 | €308,066 | €319,897 | +€11,831 | +3.8% |
| Equity | 10/15 | €167,092 | €184,291 | +€17,199 | +10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,640 | €163,840 | +€17,199 | +11.7% |
| Amounts payable | 17/49 | €140,974 | €135,606 | -€5,368 | -3.8% |
| Amounts payable after more than one year | 17 | €105,256 | €86,269 | -€18,987 | -18.0% |
| Financial debts | 170/4 | €97,156 | €78,169 | -€18,987 | -19.5% |
| Other amounts payable | 178/9 | €8,100 | €8,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,718 | €22,986 | -€12,733 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €28,437 | €18,987 | -€9,451 | -33.2% |
| Trade debts | 44 | €7,281 | €710 | -€6,571 | -90.2% |
| Suppliers | 440/4 | €7,281 | €710 | -€6,571 | -90.2% |
| Taxes, remuneration and social security | 45 | - | €2,758 | +€2,758 | |
| Taxes | 450/3 | - | €2,758 | +€2,758 | |
| Other amounts payable | 47/48 | - | €531 | +€531 | |
| Accrued charges and deferred income | 492/3 | - | €26,351 | +€26,351 | |
| Remuneration, social security and pensions | 62 | - | €163 | +€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,096 | €22,410 | +€314 | +1.4% |
| Other operating charges | 640/8 | €3,334 | €3,119 | -€215 | -6.5% |
| Gross operating margin | 9900 | €92,740 | €53,781 | -€38,958 | -42.0% |
| Operating profit (loss) | 9901 | €67,309 | €28,089 | -€39,220 | -58.3% |
| Financial income | 75/76B | €820 | - | -€820 | |
| Recurring financial income | 75 | €820 | - | -€820 | |
| Financial charges | 65/66B | €6,076 | €5,468 | -€608 | -10.0% |
| Recurring financial charges | 65 | €6,076 | €5,468 | -€608 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €62,054 | €22,621 | -€39,433 | -63.5% |
| Income taxes | 67/77 | €7,346 | €5,422 | -€1,924 | -26.2% |
| Profit (loss) for the period | 9904 | €54,708 | €17,199 | -€37,509 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,708 | €17,199 | -€37,509 | -68.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.