GARAGE THIERRY: 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 THIERRY
Largest movements
- Tangible fixed assets +€114,342
up €114,342 (+234%), from €48,872 to €163,214
of which Other tangible fixed assets: +€128,938
- Cash -€75,743
down €75,743 (-19.0%), from €399,168 to €323,425
mainly Investment in fixed assets (net) (-€136,476) and Trade debts (-€14,822)
- Receivables within one year -€5,698
down €5,698 (-53.4%), from €10,665 to €4,967
of which Other amounts receivable: -€8,243
- Reserves +€55,000
up €55,000 (+20.6%), from €266,860 to €321,860
of which Distributable reserves: +€55,000
- Trade debts -€14,822
no longer reported in 2025 (was €14,822)
- Tax, wage and social debts -€7,813
down €7,813 (-26.5%), from €29,469 to €21,656
of which Taxes: -€4,653
- Profit (loss) carried forward +€5,651
up €5,651 (+4.6%), from €122,868 to €128,519
- Debts after one year -€5,503
down €5,503 (-35.3%), from €15,590 to €10,087
- Turnover -€57,422
down €57,422 (-13.0%), from €442,180 to €384,758
- Gross operating margin -€38,868
down €38,868 (-20.0%), from €194,342 to €155,474
- Purchases and services -€18,554
down €18,554 (-7.5%), from €247,838 to €229,284
- Staff costs -€6,483
down €6,483 (-11.6%), from €56,104 to €49,621
- Taxes -€5,719
down €5,719 (-19.6%), from €29,222 to €23,503
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 | €473,711 | €506,225 | +€32,514 | +6.9% |
| Fixed assets | 21/28 | €48,897 | €163,239 | +€114,342 | +234% |
| Tangible fixed assets | 22/27 | €48,872 | €163,214 | +€114,342 | +234% |
| Land and buildings | 22 | €566 | €529 | -€37 | -6.5% |
| Plant, machinery and equipment | 23 | €6,161 | €4,084 | -€2,077 | -33.7% |
| Furniture and vehicles | 24 | €41,557 | €29,075 | -€12,482 | -30.0% |
| Other tangible fixed assets | 26 | €588 | €129,526 | +€128,938 | +21,928% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €424,814 | €342,986 | -€81,828 | -19.3% |
| Stocks and contracts in progress | 3 | €5,817 | €5,800 | -€17 | -0.3% |
| Stocks | 30/36 | €5,817 | €5,800 | -€17 | -0.3% |
| Amounts receivable within one year | 40/41 | €10,665 | €4,967 | -€5,698 | -53.4% |
| Trade receivables | 40 | €641 | €3,186 | +€2,545 | +397% |
| Other amounts receivable | 41 | €10,024 | €1,781 | -€8,243 | -82.2% |
| Cash at bank and in hand | 54/58 | €399,168 | €323,425 | -€75,743 | -19.0% |
| Deferred charges and accrued income | 490/1 | €9,164 | €8,794 | -€370 | -4.0% |
| Total equity and liabilities | 10/49 | €473,711 | €506,225 | +€32,514 | +6.9% |
| Equity | 10/15 | €408,328 | €468,979 | +€60,651 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,860 | €321,860 | +€55,000 | +20.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €265,000 | €320,000 | +€55,000 | +20.8% |
| Profit (loss) carried forward | 14 | €122,868 | €128,519 | +€5,651 | +4.6% |
| Amounts payable | 17/49 | €65,383 | €37,246 | -€28,137 | -43.0% |
| Amounts payable after more than one year | 17 | €15,590 | €10,087 | -€5,503 | -35.3% |
| Financial debts | 170/4 | €15,590 | €10,087 | -€5,503 | -35.3% |
| Amounts payable within one year | 42/48 | €49,793 | €27,158 | -€22,635 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €5,502 | €5,502 | = | 0.0% |
| Trade debts | 44 | €14,822 | - | -€14,822 | |
| Suppliers | 440/4 | €14,822 | - | -€14,822 | |
| Taxes, remuneration and social security | 45 | €29,469 | €21,656 | -€7,813 | -26.5% |
| Taxes | 450/3 | €21,258 | €16,605 | -€4,653 | -21.9% |
| Remuneration and social security | 454/9 | €8,211 | €5,051 | -€3,160 | -38.5% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Turnover | 70 | €442,180 | €384,758 | -€57,422 | -13.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €247,838 | €229,284 | -€18,554 | -7.5% |
| Remuneration, social security and pensions | 62 | €56,104 | €49,621 | -€6,483 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,827 | €22,134 | +€5,307 | +31.5% |
| Other operating charges | 640/8 | €1,379 | €927 | -€452 | -32.8% |
| Gross operating margin | 9900 | €194,342 | €155,474 | -€38,868 | -20.0% |
| Operating profit (loss) | 9901 | €120,032 | €82,792 | -€37,240 | -31.0% |
| Financial income | 75/76B | €1,590 | €2,216 | +€626 | +39.4% |
| Recurring financial income | 75 | €1,474 | €2,036 | +€562 | +38.1% |
| Non-recurring financial income | 76B | €116 | €180 | +€64 | +55.2% |
| Financial charges | 65/66B | €981 | €854 | -€127 | -12.9% |
| Recurring financial charges | 65 | €981 | €853 | -€128 | -13.0% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €120,641 | €84,154 | -€36,487 | -30.2% |
| Income taxes | 67/77 | €29,222 | €23,503 | -€5,719 | -19.6% |
| Profit (loss) for the period | 9904 | €91,419 | €60,651 | -€30,768 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,419 | €60,651 | -€30,768 | -33.7% |
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.