GARAGE TIM WILLEMS: what changed
GARAGE TIM WILLEMS
Largest movements
- Receivables within one year +€66,634
up €66,634 (+714%), from €9,328 to €75,962
of which Trade receivables: +€65,150
- Cash +€36,857
up €36,857 (+61.9%), from €59,583 to €96,440
mainly Other debts (+€72,118) and Net result for the year (+€65,466)
- Tangible fixed assets -€9,476
down €9,476 (-77.9%), from €12,172 to €2,696
of which Furniture and vehicles: -€10,401
- Deferred charges and accrued income -€7,965
down €7,965 (-72.3%), from €11,011 to €3,046
- Other debts +€72,118
up €72,118 (+759%), from €9,507 to €81,625
- Trade debts +€19,810
up €19,810 (+514%), from €3,856 to €23,666
- Current portion of long-term debt -€4,683
down €4,683 (-100%), from €4,683 to €0
- Gross operating margin +€32,960
up €32,960 (+47.0%), from €70,054 to €103,014
- Taxes +€9,402
up €9,402 (+60.0%), from €15,661 to €25,063
- Depreciation -€3,290
down €3,290 (-22.2%), from €14,831 to €11,542
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,928 | €383,977 | +€86,050 | +28.9% |
| Fixed assets | 21/28 | €12,172 | €2,696 | -€9,476 | -77.9% |
| Tangible fixed assets | 22/27 | €12,172 | €2,696 | -€9,476 | -77.9% |
| Plant, machinery and equipment | 23 | €1,082 | €2,008 | +€925 | +85.5% |
| Furniture and vehicles | 24 | €11,090 | €688 | -€10,401 | -93.8% |
| Current assets | 29/58 | €285,755 | €381,282 | +€95,526 | +33.4% |
| Stocks and contracts in progress | 3 | €5,833 | €5,833 | = | 0.0% |
| Stocks | 30/36 | €5,833 | €5,833 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,328 | €75,962 | +€66,634 | +714% |
| Trade receivables | 40 | €9,328 | €74,478 | +€65,150 | +698% |
| Other amounts receivable | 41 | - | €1,484 | +€1,484 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,583 | €96,440 | +€36,857 | +61.9% |
| Deferred charges and accrued income | 490/1 | €11,011 | €3,046 | -€7,965 | -72.3% |
| Total equity and liabilities | 10/49 | €297,928 | €383,977 | +€86,050 | +28.9% |
| Equity | 10/15 | €263,748 | €263,085 | -€663 | -0.3% |
| Reserves | 13 | €263,748 | €263,085 | -€663 | -0.3% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €253,748 | €253,085 | -€663 | -0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €34,180 | €120,893 | +€86,713 | +254% |
| Amounts payable within one year | 42/48 | €34,180 | €120,893 | +€86,713 | +254% |
| Current portion of amounts payable after more than one year | 42 | €4,683 | €0 | -€4,683 | -100% |
| Trade debts | 44 | €3,856 | €23,666 | +€19,810 | +514% |
| Suppliers | 440/4 | €3,856 | €23,666 | +€19,810 | +514% |
| Taxes, remuneration and social security | 45 | €16,134 | €15,602 | -€531 | -3.3% |
| Taxes | 450/3 | €16,134 | €15,602 | -€531 | -3.3% |
| Other amounts payable | 47/48 | €9,507 | €81,625 | +€72,118 | +759% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,831 | €11,542 | -€3,290 | -22.2% |
| Other operating charges | 640/8 | €118 | €762 | +€644 | +546% |
| Gross operating margin | 9900 | €70,054 | €103,014 | +€32,960 | +47.0% |
| Operating profit (loss) | 9901 | €55,105 | €90,710 | +€35,606 | +64.6% |
| Financial income | 75/76B | €987 | €8 | -€979 | -99.1% |
| Recurring financial income | 75 | €987 | €8 | -€979 | -99.1% |
| Financial charges | 65/66B | €329 | €190 | -€138 | -42.1% |
| Recurring financial charges | 65 | €329 | €190 | -€138 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €55,763 | €90,529 | +€34,766 | +62.3% |
| Income taxes | 67/77 | €15,661 | €25,063 | +€9,402 | +60.0% |
| Profit (loss) for the period | 9904 | €40,103 | €65,466 | +€25,364 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,103 | €65,466 | +€25,364 | +63.2% |
Next steps
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 5 November 2026 via checked.be.