GARAGE STEELAND: 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 STEELAND
Largest movements
- Stocks and contracts +€20,010
up €20,010 (+910%), from €2,200 to €22,210
- Cash -€13,119
down €13,119 (-37.9%), from €34,594 to €21,475
mainly Stocks and contracts (-€20,010) and Investment in fixed assets (net) (-€9,239)
- Receivables within one year -€11,423
down €11,423 (-38.2%), from €29,891 to €18,468
of which Trade receivables: -€12,394
- Tangible fixed assets +€6,193
up €6,193 (+36.7%), from €16,853 to €23,046
of which Furniture and vehicles: +€5,294
- Other debts +€4,417
up €4,417 (+12.7%), from €34,893 to €39,309
- Trade debts -€2,235
down €2,235 (-10.1%), from €22,206 to €19,971
- Current portion of long-term debt +€1,683
up €1,683, from €0 to €1,683
- Profit (loss) carried forward -€1,378
down €1,378, from €0 to -€1,378
- Staff costs -€4,657
down €4,657 (-6.8%), from €68,458 to €63,801
- Gross operating margin -€4,487
down €4,487 (-6.0%), from €75,388 to €70,901
- Other operating charges +€949
up €949 (+59.3%), from €1,600 to €2,549
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 | €87,621 | €89,866 | +€2,244 | +2.6% |
| Fixed assets | 21/28 | €16,853 | €23,046 | +€6,193 | +36.7% |
| Tangible fixed assets | 22/27 | €16,853 | €23,046 | +€6,193 | +36.7% |
| Plant, machinery and equipment | 23 | €3,663 | €5,867 | +€2,204 | +60.2% |
| Furniture and vehicles | 24 | €2,071 | €7,366 | +€5,294 | +256% |
| Other tangible fixed assets | 26 | €11,119 | €9,814 | -€1,305 | -11.7% |
| Current assets | 29/58 | €70,768 | €66,819 | -€3,949 | -5.6% |
| Stocks and contracts in progress | 3 | €2,200 | €22,210 | +€20,010 | +910% |
| Stocks | 30/36 | €2,200 | €22,210 | +€20,010 | +910% |
| Amounts receivable within one year | 40/41 | €29,891 | €18,468 | -€11,423 | -38.2% |
| Trade receivables | 40 | €27,326 | €14,932 | -€12,394 | -45.4% |
| Other amounts receivable | 41 | €2,565 | €3,536 | +€971 | +37.9% |
| Cash at bank and in hand | 54/58 | €34,594 | €21,475 | -€13,119 | -37.9% |
| Deferred charges and accrued income | 490/1 | €4,083 | €4,666 | +€583 | +14.3% |
| Total equity and liabilities | 10/49 | €87,621 | €89,866 | +€2,244 | +2.6% |
| Equity | 10/15 | €14,963 | €13,585 | -€1,378 | -9.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,963 | €4,963 | = | 0.0% |
| Distributable reserves | 133 | €4,963 | €4,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,378 | -€1,378 | |
| Amounts payable | 17/49 | €72,659 | €76,281 | +€3,622 | +5.0% |
| Amounts payable within one year | 42/48 | €72,659 | €76,281 | +€3,622 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €1,683 | +€1,683 | |
| Trade debts | 44 | €22,206 | €19,971 | -€2,235 | -10.1% |
| Suppliers | 440/4 | €22,206 | €19,971 | -€2,235 | -10.1% |
| Taxes, remuneration and social security | 45 | €15,561 | €15,318 | -€242 | -1.6% |
| Taxes | 450/3 | €5,867 | €8,010 | +€2,143 | +36.5% |
| Remuneration and social security | 454/9 | €9,694 | €7,309 | -€2,385 | -24.6% |
| Other amounts payable | 47/48 | €34,893 | €39,309 | +€4,417 | +12.7% |
| Remuneration, social security and pensions | 62 | €68,458 | €63,801 | -€4,657 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,697 | €3,046 | +€349 | +12.9% |
| Other operating charges | 640/8 | €1,600 | €2,549 | +€949 | +59.3% |
| Gross operating margin | 9900 | €75,388 | €70,901 | -€4,487 | -6.0% |
| Operating profit (loss) | 9901 | €2,634 | €1,506 | -€1,128 | -42.8% |
| Financial income | 75/76B | €36 | €2 | -€34 | -95.4% |
| Recurring financial income | 75 | €36 | €2 | -€34 | -95.4% |
| Financial charges | 65/66B | €853 | €1,368 | +€515 | +60.3% |
| Recurring financial charges | 65 | €853 | €1,368 | +€515 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €1,817 | €140 | -€1,677 | -92.3% |
| Income taxes | 67/77 | €1,533 | €1,518 | -€15 | -1.0% |
| Profit (loss) for the period | 9904 | €284 | -€1,378 | -€1,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €284 | -€1,378 | -€1,662 |
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 25 October 2026 via checked.be.