Garage Special: what changed
What changed
Garage Special
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€284,426
2024 · €227,180+€57,246
Equity
€952,724
2024 · €833,600+€119,124
Cash
€897,933
2024 · €448,079+€449,854
Balance sheet total
€1.7m
2024 · €1.4m+€270,606
Largest movements
Assets
- Cash +€449,854
up €449,854 (+100%), from €448,079 to €897,933
mainly Net result for the year (+€284,426) and Stocks and contracts (+€153,150)
- Stocks and contracts -€153,150
down €153,150 (-24.2%), from €633,164 to €480,014
- Receivables within one year -€22,433
down €22,433 (-8.5%), from €264,673 to €242,240
of which Trade receivables: -€14,058
Equity and liabilities
- Tax, wage and social debts +€120,417
up €120,417 (+78.6%), from €153,124 to €273,541
of which Taxes: +€117,053
- Reserves +€119,124
up €119,124 (+14.8%), from €803,850 to €922,974
- Debts after one year +€104,550
up €104,550 (+36.3%), from €288,000 to €392,550
- Trade debts -€48,475
down €48,475 (-89.2%), from €54,322 to €5,847
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
Income statement
- Gross operating margin +€124,347
up €124,347 (+30.4%), from €408,970 to €533,317
- Staff costs +€35,396
up €35,396 (+59.4%), from €59,577 to €94,973
- Taxes +€30,446
up €30,446 (+29.0%), from €104,901 to €135,347
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
€227,180
Gross operating margin
+€124,347
Staff costs
-€35,396
Depreciation
-€866
Other operating charges
+€46
Financial income
+€8
Financial charges
-€447
Taxes
-€30,446
Result 2025
€284,426
raises the resultlowers the result
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
+€548,065
Investment
-€12,459
Financing
-€85,752
Cash 2024
€448,079
From operations (derived)
+€548,065
Net result for the year
+€284,426
Depreciation
+€14,842
Stocks and contracts
+€153,150
Receivables within one year
+€22,433
Deferred charges and accrued income
+€1,282
Trade debts
-€48,475
Tax, wage and social debts
+€120,417
Other debts
-€10
Investment (derived)
-€12,459
Investment in fixed assets (net)
-€12,459
Financing
-€85,752
Debts after one year
+€104,550
Short-term financial debts
-€25,000
Contributions, distributions and other
-€165,302
Cash 2025
€897,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,402,056 | €1,672,662 | +€270,606 | +19.3% |
| Fixed assets | 21/28 | €48,190 | €45,807 | -€2,383 | -4.9% |
| Tangible fixed assets | 22/27 | €47,920 | €45,537 | -€2,383 | -5.0% |
| Land and buildings | 22 | €24,482 | €21,411 | -€3,071 | -12.5% |
| Plant, machinery and equipment | 23 | €7,344 | €14,357 | +€7,013 | +95.5% |
| Furniture and vehicles | 24 | €15,720 | €9,769 | -€5,951 | -37.9% |
| Other tangible fixed assets | 26 | €374 | - | -€374 | |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €1,353,866 | €1,626,855 | +€272,989 | +20.2% |
| Stocks and contracts in progress | 3 | €633,164 | €480,014 | -€153,150 | -24.2% |
| Stocks | 30/36 | €633,164 | €480,014 | -€153,150 | -24.2% |
| Amounts receivable within one year | 40/41 | €264,673 | €242,240 | -€22,433 | -8.5% |
| Trade receivables | 40 | €256,298 | €242,240 | -€14,058 | -5.5% |
| Other amounts receivable | 41 | €8,375 | - | -€8,375 | |
| Cash at bank and in hand | 54/58 | €448,079 | €897,933 | +€449,854 | +100% |
| Deferred charges and accrued income | 490/1 | €7,950 | €6,668 | -€1,282 | -16.1% |
| Total equity and liabilities | 10/49 | €1,402,056 | €1,672,662 | +€270,606 | +19.3% |
| Equity | 10/15 | €833,600 | €952,724 | +€119,124 | +14.3% |
| Contributions | 10/11 | €29,750 | €29,750 | = | 0.0% |
| Reserves | 13 | €803,850 | €922,974 | +€119,124 | +14.8% |
| Distributable reserves | 133 | €803,850 | €922,974 | +€119,124 | +14.8% |
| Amounts payable | 17/49 | €568,456 | €719,938 | +€151,482 | +26.6% |
| Amounts payable after more than one year | 17 | €288,000 | €392,550 | +€104,550 | +36.3% |
| Other amounts payable | 178/9 | €288,000 | €392,550 | +€104,550 | +36.3% |
| Amounts payable within one year | 42/48 | €280,456 | €327,388 | +€46,932 | +16.7% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €54,322 | €5,847 | -€48,475 | -89.2% |
| Suppliers | 440/4 | €54,322 | €5,847 | -€48,475 | -89.2% |
| Taxes, remuneration and social security | 45 | €153,124 | €273,541 | +€120,417 | +78.6% |
| Taxes | 450/3 | €141,699 | €258,752 | +€117,053 | +82.6% |
| Remuneration and social security | 454/9 | €11,425 | €14,789 | +€3,364 | +29.4% |
| Other amounts payable | 47/48 | €48,010 | €48,000 | -€10 | 0.0% |
| Remuneration, social security and pensions | 62 | €59,577 | €94,973 | +€35,396 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,976 | €14,842 | +€866 | +6.2% |
| Other operating charges | 640/8 | €2,032 | €1,986 | -€46 | -2.3% |
| Gross operating margin | 9900 | €408,970 | €533,317 | +€124,347 | +30.4% |
| Operating profit (loss) | 9901 | €333,385 | €421,516 | +€88,131 | +26.4% |
| Financial income | 75/76B | €43 | €51 | +€8 | +18.6% |
| Recurring financial income | 75 | €43 | €51 | +€8 | +18.6% |
| Financial charges | 65/66B | €1,347 | €1,794 | +€447 | +33.2% |
| Recurring financial charges | 65 | €1,347 | €1,794 | +€447 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €332,081 | €419,773 | +€87,692 | +26.4% |
| Income taxes | 67/77 | €104,901 | €135,347 | +€30,446 | +29.0% |
| Profit (loss) for the period | 9904 | €227,180 | €284,426 | +€57,246 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €227,180 | €284,426 | +€57,246 | +25.2% |
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 4 November 2026 via checked.be.