GARAGE STEEGMANS: what changed
What changed
GARAGE STEEGMANS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€1,926
2024 · €91,410-€89,484
Equity
€722,886
2024 · €720,960+€1,926
Cash
€130,151
2024 · €183,687-€53,536
Balance sheet total
€1.0m
2024 · €1.1m-€22,002
Largest movements
Assets
- Receivables within one year +€64,155
up €64,155 (+198%), from €32,460 to €96,615
of which Trade receivables: +€55,712
- Cash -€53,536
down €53,536 (-29.1%), from €183,687 to €130,151
mainly Receivables within one year (-€64,155) and Investment in fixed assets (net) (-€22,371)
- Stocks and contracts -€21,753
down €21,753 (-4.6%), from €469,372 to €447,619
Equity and liabilities
- Debts after one year -€20,643
down €20,643 (-13.0%), from €159,203 to €138,560
Income statement
- Gross operating margin -€174,416
down €174,416 (-51.5%), from €338,651 to €164,235
- Taxes -€42,269
down €42,269 (-95.2%), from €44,410 to €2,141
- Staff costs -€24,539
down €24,539 (-21.1%), from €116,286 to €91,747
- Financial charges -€10,483
down €10,483 (-40.2%), from €26,096 to €15,613
- Write-downs -€3,657
down €3,657 (-16.2%), from €22,576 to €18,918
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
€91,410
Gross operating margin
-€174,416
Staff costs
+€24,539
Depreciation
-€1,548
Write-downs
+€3,657
Other operating charges
+€3,103
Other operating items
+€2,503
Financial income
-€76
Financial charges
+€10,483
Taxes
+€42,269
Result 2025
€1,926
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
-€7,921
Investment
-€22,371
Financing
-€23,243
Cash 2024
€183,687
From operations (derived)
-€7,921
Net result for the year
+€1,926
Depreciation
+€25,533
Stocks and contracts
+€21,753
Receivables within one year
-€64,155
Deferred charges and accrued income
+€7,706
Trade debts
-€1,985
Tax, wage and social debts
-€139
Other debts
+€709
Accrued charges and deferred income
+€729
Investment (derived)
-€22,371
Investment in fixed assets (net)
-€22,371
Financing
-€23,243
Debts after one year
-€20,643
Current portion of long-term debt
-€3,315
Short-term financial debts
+€715
Cash 2025
€130,151
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,063,626 | €1,041,624 | -€22,002 | -2.1% |
| Fixed assets | 21/28 | €367,968 | €364,806 | -€3,162 | -0.9% |
| Tangible fixed assets | 22/27 | €367,473 | €364,311 | -€3,162 | -0.9% |
| Land and buildings | 22 | €325,684 | €332,665 | +€6,981 | +2.1% |
| Plant, machinery and equipment | 23 | €7,685 | €4,451 | -€3,234 | -42.1% |
| Furniture and vehicles | 24 | €1,337 | €1,003 | -€335 | -25.0% |
| Other tangible fixed assets | 26 | €32,767 | €26,193 | -€6,574 | -20.1% |
| Financial fixed assets | 28 | €495 | €495 | = | 0.0% |
| Current assets | 29/58 | €695,657 | €676,817 | -€18,840 | -2.7% |
| Stocks and contracts in progress | 3 | €469,372 | €447,619 | -€21,753 | -4.6% |
| Stocks | 30/36 | €469,372 | €447,619 | -€21,753 | -4.6% |
| Amounts receivable within one year | 40/41 | €32,460 | €96,615 | +€64,155 | +198% |
| Trade receivables | 40 | €26,864 | €82,576 | +€55,712 | +207% |
| Other amounts receivable | 41 | €5,596 | €14,039 | +€8,443 | +151% |
| Cash at bank and in hand | 54/58 | €183,687 | €130,151 | -€53,536 | -29.1% |
| Deferred charges and accrued income | 490/1 | €10,139 | €2,432 | -€7,706 | -76.0% |
| Total equity and liabilities | 10/49 | €1,063,626 | €1,041,624 | -€22,002 | -2.1% |
| Equity | 10/15 | €720,960 | €722,886 | +€1,926 | +0.3% |
| Contributions | 10/11 | €244,591 | €244,591 | = | 0.0% |
| Capital | 10 | €244,591 | €244,591 | = | 0.0% |
| Issued capital | 100 | €244,591 | €244,591 | = | 0.0% |
| Reserves | 13 | €476,369 | €478,295 | +€1,926 | +0.4% |
| Non-distributable reserves | 130/1 | €24,459 | €24,459 | = | 0.0% |
| Legal reserve | 130 | €24,459 | €24,459 | = | 0.0% |
| Distributable reserves | 133 | €451,910 | €453,836 | +€1,926 | +0.4% |
| Amounts payable | 17/49 | €342,666 | €318,738 | -€23,928 | -7.0% |
| Amounts payable after more than one year | 17 | €159,203 | €138,560 | -€20,643 | -13.0% |
| Financial debts | 170/4 | €159,203 | €138,560 | -€20,643 | -13.0% |
| Amounts payable within one year | 42/48 | €181,463 | €177,449 | -€4,014 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €23,958 | €20,643 | -€3,315 | -13.8% |
| Financial debts | 43 | €2,222 | €2,937 | +€715 | +32.2% |
| Credit institutions | 430/8 | €2,222 | €2,937 | +€715 | +32.2% |
| Trade debts | 44 | €15,053 | €13,068 | -€1,985 | -13.2% |
| Suppliers | 440/4 | €15,053 | €13,068 | -€1,985 | -13.2% |
| Taxes, remuneration and social security | 45 | €29,221 | €29,082 | -€139 | -0.5% |
| Taxes | 450/3 | €17,786 | €23,568 | +€5,782 | +32.5% |
| Remuneration and social security | 454/9 | €11,435 | €5,514 | -€5,921 | -51.8% |
| Other amounts payable | 47/48 | €111,009 | €111,718 | +€709 | +0.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,729 | +€729 | +36.5% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €116,286 | €91,747 | -€24,539 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,986 | €25,533 | +€1,548 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,576 | €18,918 | -€3,657 | -16.2% |
| Other operating charges | 640/8 | €11,574 | €8,471 | -€3,103 | -26.8% |
| Non-recurring operating charges | 66A | €2,503 | €0 | -€2,503 | -100% |
| Gross operating margin | 9900 | €338,651 | €164,235 | -€174,416 | -51.5% |
| Operating profit (loss) | 9901 | €161,725 | €19,565 | -€142,160 | -87.9% |
| Financial income | 75/76B | €190 | €114 | -€76 | -40.2% |
| Recurring financial income | 75 | €190 | €114 | -€76 | -40.2% |
| Financial charges | 65/66B | €26,096 | €15,613 | -€10,483 | -40.2% |
| Recurring financial charges | 65 | €26,096 | €15,613 | -€10,483 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €135,820 | €4,066 | -€131,753 | -97.0% |
| Income taxes | 67/77 | €44,410 | €2,141 | -€42,269 | -95.2% |
| Profit (loss) for the period | 9904 | €91,410 | €1,926 | -€89,484 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,410 | €1,926 | -€89,484 | -97.9% |
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.