Garage Valentin: 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 Valentin
Largest movements
- Stocks and contracts +€145,542
up €145,542 (+25.4%), from €573,622 to €719,163
- Receivables within one year -€49,213
down €49,213 (-27.4%), from €179,535 to €130,322
- Tangible fixed assets -€42,273
down €42,273 (-11.1%), from €382,428 to €340,155
of which Land and buildings: -€39,530
- Debts after one year +€108,912
up €108,912 (+24.6%), from €443,234 to €552,146
of which Other amounts payable: +€148,433
- Other debts -€36,300
down €36,300 (-97.3%), from €37,300 to €1,000
- Short-term financial debts -€25,558
down €25,558 (-35.2%), from €72,576 to €47,017
- Reserves +€21,521
up €21,521 (+7.9%), from €272,698 to €294,219
- Write-downs -€27,352
down €27,352 (-91.5%), from €29,902 to €2,550
- Gross operating margin -€21,861
down €21,861 (-4.6%), from €474,724 to €452,864
- Financial income -€12,606
down €12,606 (-68.0%), from €18,551 to €5,945
of which Non-recurring financial income: -€7,603
- Staff costs +€9,153
up €9,153 (+2.8%), from €332,214 to €341,367
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,153,163 | €1,203,107 | +€49,944 | +4.3% |
| Fixed assets | 21/28 | €382,428 | €340,155 | -€42,273 | -11.1% |
| Tangible fixed assets | 22/27 | €382,428 | €340,155 | -€42,273 | -11.1% |
| Land and buildings | 22 | €348,037 | €308,507 | -€39,530 | -11.4% |
| Plant, machinery and equipment | 23 | €7,650 | €11,695 | +€4,045 | +52.9% |
| Furniture and vehicles | 24 | €12,330 | €7,474 | -€4,856 | -39.4% |
| Other tangible fixed assets | 26 | €14,411 | €12,479 | -€1,932 | -13.4% |
| Current assets | 29/58 | €770,735 | €862,953 | +€92,218 | +12.0% |
| Stocks and contracts in progress | 3 | €573,622 | €719,163 | +€145,542 | +25.4% |
| Stocks | 30/36 | €573,622 | €719,163 | +€145,542 | +25.4% |
| Amounts receivable within one year | 40/41 | €179,535 | €130,322 | -€49,213 | -27.4% |
| Trade receivables | 40 | €179,535 | €130,322 | -€49,213 | -27.4% |
| Cash at bank and in hand | 54/58 | €9,057 | €4,567 | -€4,489 | -49.6% |
| Deferred charges and accrued income | 490/1 | €8,522 | €8,900 | +€378 | +4.4% |
| Total equity and liabilities | 10/49 | €1,153,163 | €1,203,107 | +€49,944 | +4.3% |
| Equity | 10/15 | €297,487 | €319,008 | +€21,521 | +7.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €272,698 | €294,219 | +€21,521 | +7.9% |
| Distributable reserves | 133 | €272,698 | €294,219 | +€21,521 | +7.9% |
| Amounts payable | 17/49 | €855,675 | €884,099 | +€28,424 | +3.3% |
| Amounts payable after more than one year | 17 | €443,234 | €552,146 | +€108,912 | +24.6% |
| Financial debts | 170/4 | €253,199 | €213,678 | -€39,521 | -15.6% |
| Other amounts payable | 178/9 | €190,035 | €338,468 | +€148,433 | +78.1% |
| Amounts payable within one year | 42/48 | €412,441 | €331,953 | -€80,488 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €44,861 | €45,775 | +€914 | +2.0% |
| Financial debts | 43 | €72,576 | €47,017 | -€25,558 | -35.2% |
| Credit institutions | 430/8 | €72,576 | €47,017 | -€25,558 | -35.2% |
| Trade debts | 44 | €199,410 | €190,859 | -€8,551 | -4.3% |
| Suppliers | 440/4 | €199,410 | €190,859 | -€8,551 | -4.3% |
| Taxes, remuneration and social security | 45 | €58,295 | €47,303 | -€10,992 | -18.9% |
| Taxes | 450/3 | €33,897 | €22,716 | -€11,180 | -33.0% |
| Remuneration and social security | 454/9 | €24,398 | €24,587 | +€188 | +0.8% |
| Other amounts payable | 47/48 | €37,300 | €1,000 | -€36,300 | -97.3% |
| Remuneration, social security and pensions | 62 | €332,214 | €341,367 | +€9,153 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,708 | €52,168 | -€540 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,902 | €2,550 | -€27,352 | -91.5% |
| Other operating charges | 640/8 | €14,874 | €14,856 | -€18 | -0.1% |
| Non-recurring operating charges | 66A | €30,331 | €11,074 | -€19,257 | -63.5% |
| Gross operating margin | 9900 | €474,724 | €452,864 | -€21,861 | -4.6% |
| Operating profit (loss) | 9901 | €14,696 | €30,850 | +€16,153 | +110% |
| Financial income | 75/76B | €18,551 | €5,945 | -€12,606 | -68.0% |
| Recurring financial income | 75 | €5,379 | €376 | -€5,003 | -93.0% |
| Non-recurring financial income | 76B | €13,171 | €5,569 | -€7,603 | -57.7% |
| Financial charges | 65/66B | €16,916 | €13,122 | -€3,795 | -22.4% |
| Recurring financial charges | 65 | €12,527 | €13,122 | +€595 | +4.7% |
| Non-recurring financial charges | 66B | €4,389 | - | -€4,389 | |
| Profit (loss) for the period before taxes | 9903 | €16,331 | €23,673 | +€7,342 | +45.0% |
| Income taxes | 67/77 | €1,485 | €2,152 | +€667 | +45.0% |
| Profit (loss) for the period | 9904 | €14,846 | €21,521 | +€6,674 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,846 | €21,521 | +€6,674 | +45.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.