Garage Simart: 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 Simart
Largest movements
- Tangible fixed assets -€16,581
down €16,581 (-22.6%), from €73,390 to €56,809
of which Furniture and vehicles: -€16,895
- Cash +€16,075
up €16,075 (+416%), from €3,864 to €19,939
mainly Depreciation (+€17,386) and Tax, wage and social debts (+€7,111)
- Stocks and contracts -€3,000
no longer reported in 2025 (was €3,000)
- Receivables within one year +€2,209
up €2,209 (+50.5%), from €4,376 to €6,585
of which Other amounts receivable: +€2,292
- Debts after one year -€10,063
down €10,063 (-24.3%), from €41,390 to €31,326
- Tax, wage and social debts +€7,111
up €7,111 (+104%), from €6,812 to €13,923
of which Taxes: +€5,111
- Other debts -€5,279
no longer reported in 2025 (was €5,279)
- Reserves +€3,719
up €3,719 (+145%), from €2,571 to €6,290
- Trade debts +€2,446
up €2,446 (+99.0%), from €2,472 to €4,918
- Gross operating margin +€8,210
up €8,210 (+43.0%), from €19,106 to €27,316
- Depreciation +€5,137
up €5,137 (+41.9%), from €12,250 to €17,386
- Taxes +€1,389
up €1,389 (+91.8%), from €1,513 to €2,902
- Other operating charges -€310
down €310 (-24.1%), from €1,287 to €977
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 | €85,206 | €83,718 | -€1,489 | -1.7% |
| Formation expenses | 20 | €576 | €384 | -€192 | -33.3% |
| Fixed assets | 21/28 | €73,390 | €56,809 | -€16,581 | -22.6% |
| Tangible fixed assets | 22/27 | €73,390 | €56,809 | -€16,581 | -22.6% |
| Land and buildings | 22 | €2,094 | €2,408 | +€314 | +15.0% |
| Furniture and vehicles | 24 | €71,296 | €54,401 | -€16,895 | -23.7% |
| Current assets | 29/58 | €11,240 | €26,524 | +€15,284 | +136% |
| Stocks and contracts in progress | 3 | €3,000 | - | -€3,000 | |
| Stocks | 30/36 | €3,000 | - | -€3,000 | |
| Amounts receivable within one year | 40/41 | €4,376 | €6,585 | +€2,209 | +50.5% |
| Trade receivables | 40 | €4,367 | €4,285 | -€82 | -1.9% |
| Other amounts receivable | 41 | €9 | €2,300 | +€2,292 | +26,553% |
| Cash at bank and in hand | 54/58 | €3,864 | €19,939 | +€16,075 | +416% |
| Total equity and liabilities | 10/49 | €85,206 | €83,718 | -€1,489 | -1.7% |
| Equity | 10/15 | €17,571 | €21,290 | +€3,719 | +21.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,571 | €6,290 | +€3,719 | +145% |
| Distributable reserves | 133 | €2,571 | €6,290 | +€3,719 | +145% |
| Amounts payable | 17/49 | €67,635 | €62,428 | -€5,207 | -7.7% |
| Amounts payable after more than one year | 17 | €41,390 | €31,326 | -€10,063 | -24.3% |
| Financial debts | 170/4 | €41,390 | €31,326 | -€10,063 | -24.3% |
| Amounts payable within one year | 42/48 | €25,904 | €31,101 | +€5,198 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €11,314 | €12,261 | +€947 | +8.4% |
| Financial debts | 43 | €27 | - | -€27 | |
| Credit institutions | 430/8 | €27 | - | -€27 | |
| Trade debts | 44 | €2,472 | €4,918 | +€2,446 | +99.0% |
| Suppliers | 440/4 | €2,472 | €4,918 | +€2,446 | +99.0% |
| Taxes, remuneration and social security | 45 | €6,812 | €13,923 | +€7,111 | +104% |
| Taxes | 450/3 | €6,812 | €11,923 | +€5,111 | +75.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €5,279 | - | -€5,279 | |
| Accrued charges and deferred income | 492/3 | €342 | - | -€342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,250 | €17,386 | +€5,137 | +41.9% |
| Other operating charges | 640/8 | €1,287 | €977 | -€310 | -24.1% |
| Gross operating margin | 9900 | €19,106 | €27,316 | +€8,210 | +43.0% |
| Operating profit (loss) | 9901 | €5,569 | €8,952 | +€3,383 | +60.8% |
| Financial income | 75/76B | €261 | €38 | -€223 | -85.4% |
| Recurring financial income | 75 | €261 | €38 | -€223 | -85.4% |
| Financial charges | 65/66B | €2,301 | €2,369 | +€68 | +3.0% |
| Recurring financial charges | 65 | €2,301 | €2,369 | +€68 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €3,529 | €6,621 | +€3,092 | +87.6% |
| Income taxes | 67/77 | €1,513 | €2,902 | +€1,389 | +91.8% |
| Profit (loss) for the period | 9904 | €2,016 | €3,719 | +€1,702 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,016 | €3,719 | +€1,702 | +84.4% |
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 17 October 2026 via checked.be.