Garage TEUNKENS: 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.
What changed
Garage TEUNKENS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€47,616
2024 · -€88,623+€41,007
Equity
€274,500
2024 · €322,116-€47,616
Cash
€93,423
2024 · €156,339-€62,916
Balance sheet total
€1.2m
2024 · €1.6m-€330,977
Largest movements
Assets
- Receivables within one year -€108,229
down €108,229 (-24.0%), from €450,964 to €342,734
of which Trade receivables: -€105,934
- Receivables after one year -€70,000
no longer reported in 2025 (was €70,000)
- Cash -€62,916
down €62,916 (-40.2%), from €156,339 to €93,423
mainly Trade debts (-€282,183) and Net result for the year (-€47,616)
- Tangible fixed assets -€55,634
down €55,634 (-8.4%), from €663,135 to €607,501
of which Land and buildings: -€45,084
- Stocks and contracts -€32,054
down €32,054 (-15.6%), from €205,716 to €173,662
Equity and liabilities
- Trade debts -€282,183
down €282,183 (-41.6%), from €678,829 to €396,646
- Profit (loss) carried forward -€47,616
down €47,616 (-14.0%), from -€340,487 to -€388,103
- Tax, wage and social debts +€17,968
up €17,968 (+51.7%), from €34,775 to €52,743
of which Remuneration and social security: +€21,751
- Current portion of long-term debt -€16,667
no longer reported in 2025 (was €16,667)
Income statement
- Goods and materials -€1.0m
down €1.0m (-23.8%), from €4.2m to €3.2m
of which Purchases: -€689,168
- Turnover -€966,565
down €966,565 (-21.0%), from €4.6m to €3.6m
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.
Result 2024
-€88,623
Turnover
-€966,565
Other operating income
+€2,362
Goods and materials
+€1.0m
Services and other goods
+€22,092
Staff costs
-€12,847
Depreciation
+€529
Other operating charges
+€391
Other operating items
-€2,295
Financial income
-€5,993
Financial charges
-€1,506
Taxes
-€499
Result 2025
-€47,616
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€49,104
Investment
+€2,855
Financing
-€16,667
Cash 2024
€156,339
From operations (derived)
-€49,104
Net result for the year
-€47,616
Depreciation
+€52,779
Receivables after one year
+€70,000
Stocks and contracts
+€32,054
Receivables within one year
+€108,229
Deferred charges and accrued income
+€2,144
Trade debts
-€282,183
Tax, wage and social debts
+€17,968
Advances received
-€2,479
Investment (derived)
+€2,855
Investment in fixed assets (net)
+€2,855
Financing
-€16,667
Current portion of long-term debt
-€16,667
Cash 2025
€93,423
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,564,867 | €1,233,890 | -€330,977 | -21.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €678,059 | €622,425 | -€55,634 | -8.2% |
| Tangible fixed assets | 22/27 | €663,135 | €607,501 | -€55,634 | -8.4% |
| Land and buildings | 22 | €635,467 | €590,383 | -€45,084 | -7.1% |
| Plant, machinery and equipment | 23 | €23,065 | €14,708 | -€8,357 | -36.2% |
| Furniture and vehicles | 24 | €4,603 | €2,409 | -€2,193 | -47.7% |
| Financial fixed assets | 28 | €14,924 | €14,924 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €14,100 | €14,100 | = | 0.0% |
| Participating interests | 282 | €14,100 | €14,100 | = | 0.0% |
| Other financial fixed assets | 284/8 | €824 | €824 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €886,807 | €611,464 | -€275,343 | -31.0% |
| Amounts receivable after more than one year | 29 | €70,000 | - | -€70,000 | |
| Other amounts receivable | 291 | €70,000 | - | -€70,000 | |
| Stocks and contracts in progress | 3 | €205,716 | €173,662 | -€32,054 | -15.6% |
| Stocks | 30/36 | €205,716 | €173,662 | -€32,054 | -15.6% |
| Goods purchased for resale | 34 | €205,716 | €173,662 | -€32,054 | -15.6% |
| Amounts receivable within one year | 40/41 | €450,964 | €342,734 | -€108,229 | -24.0% |
| Trade receivables | 40 | €448,668 | €342,734 | -€105,934 | -23.6% |
| Other amounts receivable | 41 | €2,295 | - | -€2,295 | |
| Cash at bank and in hand | 54/58 | €156,339 | €93,423 | -€62,916 | -40.2% |
| Deferred charges and accrued income | 490/1 | €3,789 | €1,645 | -€2,144 | -56.6% |
| Total equity and liabilities | 10/49 | €1,564,867 | €1,233,890 | -€330,977 | -21.2% |
| Equity | 10/15 | €322,116 | €274,500 | -€47,616 | -14.8% |
| Contributions | 10/11 | €660,000 | €660,000 | = | 0.0% |
| Reserves | 13 | €2,603 | €2,603 | = | 0.0% |
| Distributable reserves | 133 | €2,603 | €2,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,487 | -€388,103 | -€47,616 | -14.0% |
| Amounts payable | 17/49 | €1,242,751 | €959,390 | -€283,361 | -22.8% |
| Amounts payable after more than one year | 17 | €510,000 | €510,000 | = | 0.0% |
| Other amounts payable | 178/9 | €510,000 | €510,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €732,751 | €449,390 | -€283,361 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | - | -€16,667 | |
| Trade debts | 44 | €678,829 | €396,646 | -€282,183 | -41.6% |
| Suppliers | 440/4 | €678,829 | €396,646 | -€282,183 | -41.6% |
| Advances received on contracts in progress | 46 | €2,479 | - | -€2,479 | |
| Taxes, remuneration and social security | 45 | €34,775 | €52,743 | +€17,968 | +51.7% |
| Taxes | 450/3 | €13,502 | €9,718 | -€3,783 | -28.0% |
| Remuneration and social security | 454/9 | €21,274 | €43,025 | +€21,751 | +102% |
| Operating income | 70/76A | €4,817,596 | €3,853,393 | -€964,203 | -20.0% |
| Turnover | 70 | €4,604,739 | €3,638,174 | -€966,565 | -21.0% |
| Other operating income | 74 | €212,857 | €215,219 | +€2,362 | +1.1% |
| Operating charges | 60/66A | €4,910,536 | €3,897,328 | -€1.0m | -20.6% |
| Goods for resale, raw materials and consumables | 60 | €4,222,225 | €3,216,887 | -€1.0m | -23.8% |
| Purchases | 600/8 | €3,874,001 | €3,184,833 | -€689,168 | -17.8% |
| Change in stocks: decrease (increase) | 609 | €348,224 | €32,054 | -€316,170 | -90.8% |
| Services and other goods | 61 | €364,964 | €342,872 | -€22,092 | -6.1% |
| Remuneration, social security and pensions | 62 | €258,879 | €271,726 | +€12,847 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,308 | €52,779 | -€529 | -1.0% |
| Other operating charges | 640/8 | €11,160 | €10,769 | -€391 | -3.5% |
| Non-recurring operating charges | 66A | - | €2,295 | +€2,295 | |
| Operating profit (loss) | 9901 | -€92,940 | -€43,935 | +€49,005 | +52.7% |
| Financial income | 75/76B | €5,993 | - | -€5,993 | |
| Recurring financial income | 75 | €5,993 | - | -€5,993 | |
| Other financial income | 752/9 | €5,993 | - | -€5,993 | |
| Financial charges | 65/66B | €1,676 | €3,182 | +€1,506 | +89.8% |
| Recurring financial charges | 65 | €1,676 | €781 | -€895 | -53.4% |
| Debt charges | 650 | €1,198 | €134 | -€1,064 | -88.8% |
| Other financial charges | 652/9 | €478 | €647 | +€169 | +35.4% |
| Non-recurring financial charges | 66B | - | €2,401 | +€2,401 | |
| Profit (loss) for the period before taxes | 9903 | -€88,623 | -€47,117 | +€41,506 | +46.8% |
| Income taxes | 67/77 | - | €499 | +€499 | |
| Taxes | 670/3 | - | €499 | +€499 | |
| Profit (loss) for the period | 9904 | -€88,623 | -€47,616 | +€41,007 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,623 | -€47,616 | +€41,007 | +46.3% |
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.