Garage Van Borm: 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 Van Borm
Largest movements
- Current investments +€186,161
up €186,161 (+35.3%), from €527,660 to €713,821
- Stocks and contracts -€85,776
down €85,776 (-20.1%), from €426,699 to €340,923
- Receivables within one year +€45,584
up €45,584 (+114%), from €39,952 to €85,536
of which Other amounts receivable: +€24,767
- Cash -€25,511
down €25,511 (-22.9%), from €111,232 to €85,721
mainly Contributions, distributions and other (-€385,505) and Current investments (-€186,161)
- Tangible fixed assets -€24,171
down €24,171 (-4.7%), from €519,499 to €495,329
of which Land and buildings: -€30,730
- Other debts +€336,285
up €336,285 (+610%), from €55,147 to €391,431
- Reserves -€222,746
down €222,746 (-20.5%), from €1.1m to €865,176
of which Distributable reserves: -€222,746
- Current portion of long-term debt -€33,401
no longer reported in 2025 (was €33,401)
- Tax, wage and social debts +€21,989
up €21,989 (+51.3%), from €42,839 to €64,828
of which Taxes: +€27,166
- Gross operating margin +€74,482
up €74,482 (+20.1%), from €369,811 to €444,292
- Write-downs -€51,058
down €51,058 (-73.8%), from €69,153 to €18,095
- Taxes +€40,062
up €40,062 (+118%), from €33,955 to €74,017
- Financial charges +€19,954
up €19,954 (+192%), from €10,370 to €30,325
- Depreciation -€7,328
down €7,328 (-12.9%), from €56,967 to €49,639
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 | €1,629,833 | €1,740,748 | +€110,915 | +6.8% |
| Fixed assets | 21/28 | €519,889 | €495,719 | -€24,171 | -4.6% |
| Tangible fixed assets | 22/27 | €519,499 | €495,329 | -€24,171 | -4.7% |
| Land and buildings | 22 | €460,357 | €429,628 | -€30,730 | -6.7% |
| Plant, machinery and equipment | 23 | €18,169 | €35,776 | +€17,607 | +96.9% |
| Furniture and vehicles | 24 | €40,974 | €29,925 | -€11,049 | -27.0% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €1,109,943 | €1,245,030 | +€135,086 | +12.2% |
| Stocks and contracts in progress | 3 | €426,699 | €340,923 | -€85,776 | -20.1% |
| Stocks | 30/36 | €426,699 | €340,923 | -€85,776 | -20.1% |
| Amounts receivable within one year | 40/41 | €39,952 | €85,536 | +€45,584 | +114% |
| Trade receivables | 40 | €13,694 | €34,511 | +€20,817 | +152% |
| Other amounts receivable | 41 | €26,258 | €51,025 | +€24,767 | +94.3% |
| Current investments | 50/53 | €527,660 | €713,821 | +€186,161 | +35.3% |
| Cash at bank and in hand | 54/58 | €111,232 | €85,721 | -€25,511 | -22.9% |
| Deferred charges and accrued income | 490/1 | €4,401 | €19,028 | +€14,627 | +332% |
| Total equity and liabilities | 10/49 | €1,629,833 | €1,740,748 | +€110,915 | +6.8% |
| Equity | 10/15 | €1,488,165 | €1,265,419 | -€222,746 | -15.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,087,922 | €865,176 | -€222,746 | -20.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,025,472 | €802,726 | -€222,746 | -21.7% |
| Profit (loss) carried forward | 14 | €338,243 | €338,243 | = | 0.0% |
| Amounts payable | 17/49 | €141,668 | €475,329 | +€333,661 | +236% |
| Amounts payable within one year | 42/48 | €141,668 | €474,206 | +€332,538 | +235% |
| Current portion of amounts payable after more than one year | 42 | €33,401 | - | -€33,401 | |
| Trade debts | 44 | €10,282 | €17,947 | +€7,665 | +74.5% |
| Suppliers | 440/4 | €10,282 | €17,947 | +€7,665 | +74.5% |
| Taxes, remuneration and social security | 45 | €42,839 | €64,828 | +€21,989 | +51.3% |
| Taxes | 450/3 | €32,827 | €59,993 | +€27,166 | +82.8% |
| Remuneration and social security | 454/9 | €10,012 | €4,835 | -€5,177 | -51.7% |
| Other amounts payable | 47/48 | €55,147 | €391,431 | +€336,285 | +610% |
| Accrued charges and deferred income | 492/3 | - | €1,123 | +€1,123 | |
| Non-recurring operating income | 76A | - | €3,002 | +€3,002 | |
| Remuneration, social security and pensions | 62 | €97,157 | €100,672 | +€3,515 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,967 | €49,639 | -€7,328 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €69,153 | €18,095 | -€51,058 | -73.8% |
| Other operating charges | 640/8 | €25,163 | €20,315 | -€4,848 | -19.3% |
| Non-recurring operating charges | 66A | €5,403 | €51 | -€5,352 | -99.1% |
| Gross operating margin | 9900 | €369,811 | €444,292 | +€74,482 | +20.1% |
| Operating profit (loss) | 9901 | €115,968 | €255,520 | +€139,552 | +120% |
| Financial income | 75/76B | €10,472 | €11,581 | +€1,109 | +10.6% |
| Recurring financial income | 75 | €10,472 | €11,581 | +€1,109 | +10.6% |
| Financial charges | 65/66B | €10,370 | €30,325 | +€19,954 | +192% |
| Recurring financial charges | 65 | €10,370 | €30,325 | +€19,954 | +192% |
| Profit (loss) for the period before taxes | 9903 | €116,069 | €236,776 | +€120,707 | +104% |
| Income taxes | 67/77 | €33,955 | €74,017 | +€40,062 | +118% |
| Profit (loss) for the period | 9904 | €82,115 | €162,759 | +€80,645 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,115 | €162,759 | +€80,645 | +98.2% |
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 18 October 2026 via checked.be.