GARAGE TORFS: 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 TORFS
Largest movements
- Stocks and contracts +€96,997
up €96,997 (+18.3%), from €529,417 to €626,414
- Receivables within one year -€85,535
down €85,535 (-64.5%), from €132,690 to €47,155
of which Trade receivables: -€89,724
- Tangible fixed assets +€78,467
up €78,467 (+145%), from €54,004 to €132,471
of which Furniture and vehicles: +€52,193
- Cash +€47,241
up €47,241 (+70.9%), from €66,614 to €113,855
mainly Net result for the year (+€109,776) and Receivables within one year (+€85,535)
- Reserves +€109,776
up €109,776 (+27.7%), from €396,113 to €505,889
of which Distributable reserves: +€109,776
- Other debts +€68,669
up €68,669 (+105%), from €65,459 to €134,128
- Debts after one year -€32,045
down €32,045 (-24.5%), from €130,609 to €98,563
- Trade debts +€16,919
up €16,919 (+27.6%), from €61,258 to €78,177
- Tax, wage and social debts -€13,308
down €13,308 (-28.5%), from €46,663 to €33,354
of which Taxes: -€13,708
- Gross operating margin +€15,454
up €15,454 (+3.7%), from €418,508 to €433,961
- Staff costs +€5,897
up €5,897 (+2.8%), from €211,571 to €217,468
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 | €792,935 | €934,800 | +€141,865 | +17.9% |
| Fixed assets | 21/28 | €55,304 | €133,771 | +€78,467 | +142% |
| Tangible fixed assets | 22/27 | €54,004 | €132,471 | +€78,467 | +145% |
| Plant, machinery and equipment | 23 | €1,510 | €302 | -€1,208 | -80.0% |
| Furniture and vehicles | 24 | €39,744 | €91,937 | +€52,193 | +131% |
| Other tangible fixed assets | 26 | €12,750 | €40,232 | +€27,482 | +216% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €737,631 | €801,029 | +€63,398 | +8.6% |
| Stocks and contracts in progress | 3 | €529,417 | €626,414 | +€96,997 | +18.3% |
| Stocks | 30/36 | €529,417 | €626,414 | +€96,997 | +18.3% |
| Amounts receivable within one year | 40/41 | €132,690 | €47,155 | -€85,535 | -64.5% |
| Trade receivables | 40 | €132,690 | €42,966 | -€89,724 | -67.6% |
| Other amounts receivable | 41 | - | €4,189 | +€4,189 | |
| Cash at bank and in hand | 54/58 | €66,614 | €113,855 | +€47,241 | +70.9% |
| Deferred charges and accrued income | 490/1 | €8,910 | €13,605 | +€4,695 | +52.7% |
| Total equity and liabilities | 10/49 | €792,935 | €934,800 | +€141,865 | +17.9% |
| Equity | 10/15 | €408,755 | €518,532 | +€109,776 | +26.9% |
| Contributions | 10/11 | €12,643 | €12,643 | = | 0.0% |
| Reserves | 13 | €396,113 | €505,889 | +€109,776 | +27.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,200 | €10,200 | = | 0.0% |
| Distributable reserves | 133 | €384,054 | €493,830 | +€109,776 | +28.6% |
| Amounts payable | 17/49 | €384,179 | €416,268 | +€32,089 | +8.4% |
| Amounts payable after more than one year | 17 | €130,609 | €98,563 | -€32,045 | -24.5% |
| Financial debts | 170/4 | €130,609 | €98,563 | -€32,045 | -24.5% |
| Amounts payable within one year | 42/48 | €253,571 | €317,705 | +€64,134 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €40,191 | €32,045 | -€8,146 | -20.3% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €61,258 | €78,177 | +€16,919 | +27.6% |
| Suppliers | 440/4 | €61,258 | €78,177 | +€16,919 | +27.6% |
| Taxes, remuneration and social security | 45 | €46,663 | €33,354 | -€13,308 | -28.5% |
| Taxes | 450/3 | €32,202 | €18,494 | -€13,708 | -42.6% |
| Remuneration and social security | 454/9 | €14,461 | €14,861 | +€400 | +2.8% |
| Other amounts payable | 47/48 | €65,459 | €134,128 | +€68,669 | +105% |
| Remuneration, social security and pensions | 62 | €211,571 | €217,468 | +€5,897 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,778 | €28,658 | -€1,120 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,281 | -€2,281 | |
| Other operating charges | 640/8 | €7,862 | €9,690 | +€1,828 | +23.3% |
| Gross operating margin | 9900 | €418,508 | €433,961 | +€15,454 | +3.7% |
| Operating profit (loss) | 9901 | €169,297 | €180,426 | +€11,129 | +6.6% |
| Financial charges | 65/66B | €13,339 | €16,345 | +€3,006 | +22.5% |
| Recurring financial charges | 65 | €13,339 | €16,345 | +€3,006 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €155,958 | €164,081 | +€8,123 | +5.2% |
| Income taxes | 67/77 | €53,038 | €54,305 | +€1,267 | +2.4% |
| Profit (loss) for the period | 9904 | €102,920 | €109,776 | +€6,856 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,920 | €109,776 | +€6,856 | +6.7% |
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 21 October 2026 via checked.be.