GARAGE TRADING: 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 TRADING
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+189%), from €1.0m to €2.9m
of which Land and buildings: +€1.9m
- Cash +€320,872
up €320,872 (+117%), from €273,504 to €594,376
mainly Contributions, distributions and other (+€1.5m) and Debts after one year (+€283,349)
- Receivables within one year -€145,073
down €145,073 (-64.8%), from €223,837 to €78,764
of which Trade receivables: -€112,304
- Stocks and contracts +€140,245
up €140,245 (+31.0%), from €453,032 to €593,277
- Revaluation surpluses +€1.6m
up €1.6m (+459%), from €342,607 to €1.9m
- Debts after one year +€283,349
up €283,349 (+70.2%), from €403,628 to €686,976
- Reserves +€140,906
up €140,906 (+46.9%), from €300,299 to €441,205
- Trade debts +€100,749
up €100,749 (+31.5%), from €319,617 to €420,366
- Advances received +€75,000
new in 2025: €75,000
- Gross operating margin +€164,283
up €164,283 (+24.2%), from €677,678 to €841,960
- Other operating charges +€44,279
up €44,279 (+196%), from €22,558 to €66,837
- Taxes +€28,487
up €28,487 (+45.0%), from €63,269 to €91,756
- Staff costs +€14,684
up €14,684 (+4.1%), from €355,778 to €370,462
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 | €1,980,301 | €4,194,691 | +€2.2m | +112% |
| Fixed assets | 21/28 | €1,007,539 | €2,904,078 | +€1.9m | +188% |
| Intangible fixed assets | 21 | €1,030 | €258 | -€773 | -75.0% |
| Tangible fixed assets | 22/27 | €1,005,797 | €2,903,109 | +€1.9m | +189% |
| Land and buildings | 22 | €872,181 | €2,789,274 | +€1.9m | +220% |
| Plant, machinery and equipment | 23 | €23,653 | €23,369 | -€284 | -1.2% |
| Furniture and vehicles | 24 | €109,964 | €90,466 | -€19,498 | -17.7% |
| Financial fixed assets | 28 | €711 | €711 | = | 0.0% |
| Current assets | 29/58 | €972,763 | €1,290,614 | +€317,851 | +32.7% |
| Stocks and contracts in progress | 3 | €453,032 | €593,277 | +€140,245 | +31.0% |
| Stocks | 30/36 | €453,032 | €593,277 | +€140,245 | +31.0% |
| Amounts receivable within one year | 40/41 | €223,837 | €78,764 | -€145,073 | -64.8% |
| Trade receivables | 40 | €165,380 | €53,077 | -€112,304 | -67.9% |
| Other amounts receivable | 41 | €58,456 | €25,687 | -€32,769 | -56.1% |
| Cash at bank and in hand | 54/58 | €273,504 | €594,376 | +€320,872 | +117% |
| Deferred charges and accrued income | 490/1 | €22,390 | €24,196 | +€1,807 | +8.1% |
| Total equity and liabilities | 10/49 | €1,980,301 | €4,194,691 | +€2.2m | +112% |
| Equity | 10/15 | €692,485 | €2,406,314 | +€1.7m | +247% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Revaluation surpluses | 12 | €342,607 | €1,915,531 | +€1.6m | +459% |
| Reserves | 13 | €300,299 | €441,205 | +€140,906 | +46.9% |
| Distributable reserves | 133 | €300,299 | €441,205 | +€140,906 | +46.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,287,817 | €1,788,377 | +€500,561 | +38.9% |
| Amounts payable after more than one year | 17 | €403,628 | €686,976 | +€283,349 | +70.2% |
| Financial debts | 170/4 | €403,628 | €686,976 | +€283,349 | +70.2% |
| Amounts payable within one year | 42/48 | €881,429 | €1,099,361 | +€217,932 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €395,080 | €432,893 | +€37,814 | +9.6% |
| Financial debts | 43 | €58,696 | €56,827 | -€1,868 | -3.2% |
| Credit institutions | 430/8 | €58,696 | €56,827 | -€1,868 | -3.2% |
| Trade debts | 44 | €319,617 | €420,366 | +€100,749 | +31.5% |
| Suppliers | 440/4 | €319,617 | €420,366 | +€100,749 | +31.5% |
| Advances received on contracts in progress | 46 | - | €75,000 | +€75,000 | |
| Taxes, remuneration and social security | 45 | €85,003 | €59,740 | -€25,263 | -29.7% |
| Taxes | 450/3 | €57,702 | €32,307 | -€25,395 | -44.0% |
| Remuneration and social security | 454/9 | €27,300 | €27,432 | +€132 | +0.5% |
| Other amounts payable | 47/48 | €23,034 | €54,534 | +€31,500 | +137% |
| Accrued charges and deferred income | 492/3 | €2,760 | €2,040 | -€720 | -26.1% |
| Remuneration, social security and pensions | 62 | €355,778 | €370,462 | +€14,684 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,126 | €66,219 | +€4,094 | +6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €144 | +€144 | |
| Other operating charges | 640/8 | €22,558 | €66,837 | +€44,279 | +196% |
| Gross operating margin | 9900 | €677,678 | €841,960 | +€164,283 | +24.2% |
| Operating profit (loss) | 9901 | €237,216 | €338,298 | +€101,082 | +42.6% |
| Financial income | 75/76B | €8,657 | €2,071 | -€6,586 | -76.1% |
| Recurring financial income | 75 | €8,657 | €2,071 | -€6,586 | -76.1% |
| Financial charges | 65/66B | €48,282 | €53,707 | +€5,425 | +11.2% |
| Recurring financial charges | 65 | €48,282 | €53,707 | +€5,425 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €197,591 | €286,662 | +€89,071 | +45.1% |
| Income taxes | 67/77 | €63,269 | €91,756 | +€28,487 | +45.0% |
| Profit (loss) for the period | 9904 | €134,322 | €194,906 | +€60,584 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €134,322 | €194,906 | +€60,584 | +45.1% |
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 29 October 2026 via checked.be.