GARAGE VAN KEER: what changed
GARAGE VAN KEER
Largest movements
- Tangible fixed assets +€22,361
up €22,361 (+17.5%), from €127,690 to €150,051
of which Other tangible fixed assets: +€15,297
- Cash +€13,988
up €13,988 (+5.7%), from €245,621 to €259,609
mainly Net result for the year (+€73,442) and Depreciation (+€26,829)
- Receivables within one year -€8,636
down €8,636 (-26.4%), from €32,721 to €24,085
of which Trade receivables: -€7,007
- Profit (loss) carried forward +€73,442
up €73,442 (+87.6%), from €83,846 to €157,288
- Tax, wage and social debts -€31,397
down €31,397 (-70.6%), from €44,473 to €13,076
- Other debts -€15,171
down €15,171 (-9.3%), from €163,741 to €148,570
- Trade debts +€14,435
up €14,435 (+86.3%), from €16,722 to €31,157
- Debts after one year -€6,675
down €6,675 (-7.6%), from €88,398 to €81,723
- Depreciation +€7,431
up €7,431 (+38.3%), from €19,398 to €26,829
- Gross operating margin -€6,220
down €6,220 (-4.7%), from €133,450 to €127,230
- Taxes -€3,071
down €3,071 (-13.9%), from €22,016 to €18,945
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 | €501,992 | €537,539 | +€35,547 | +7.1% |
| Fixed assets | 21/28 | €127,690 | €150,051 | +€22,361 | +17.5% |
| Tangible fixed assets | 22/27 | €127,690 | €150,051 | +€22,361 | +17.5% |
| Land and buildings | 22 | €91,768 | €84,431 | -€7,337 | -8.0% |
| Plant, machinery and equipment | 23 | €297 | €2,410 | +€2,112 | +711% |
| Furniture and vehicles | 24 | €21,028 | €33,316 | +€12,288 | +58.4% |
| Other tangible fixed assets | 26 | €14,597 | €29,894 | +€15,297 | +105% |
| Current assets | 29/58 | €374,301 | €387,487 | +€13,186 | +3.5% |
| Stocks and contracts in progress | 3 | €92,434 | €97,409 | +€4,975 | +5.4% |
| Stocks | 30/36 | €92,434 | €97,409 | +€4,975 | +5.4% |
| Amounts receivable within one year | 40/41 | €32,721 | €24,085 | -€8,636 | -26.4% |
| Trade receivables | 40 | €19,169 | €12,162 | -€7,007 | -36.6% |
| Other amounts receivable | 41 | €13,552 | €11,923 | -€1,629 | -12.0% |
| Cash at bank and in hand | 54/58 | €245,621 | €259,609 | +€13,988 | +5.7% |
| Deferred charges and accrued income | 490/1 | €3,525 | €6,383 | +€2,858 | +81.1% |
| Total equity and liabilities | 10/49 | €501,992 | €537,539 | +€35,547 | +7.1% |
| Equity | 10/15 | €182,146 | €255,588 | +€73,442 | +40.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €95,800 | €95,800 | = | 0.0% |
| Distributable reserves | 133 | €95,800 | €95,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,846 | €157,288 | +€73,442 | +87.6% |
| Amounts payable | 17/49 | €319,846 | €281,951 | -€37,895 | -11.8% |
| Amounts payable after more than one year | 17 | €88,398 | €81,723 | -€6,675 | -7.6% |
| Financial debts | 170/4 | €88,398 | €81,723 | -€6,675 | -7.6% |
| Amounts payable within one year | 42/48 | €231,448 | €199,478 | -€31,970 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €6,512 | €6,675 | +€163 | +2.5% |
| Trade debts | 44 | €16,722 | €31,157 | +€14,435 | +86.3% |
| Suppliers | 440/4 | €16,722 | €31,157 | +€14,435 | +86.3% |
| Taxes, remuneration and social security | 45 | €44,473 | €13,076 | -€31,397 | -70.6% |
| Taxes | 450/3 | €44,473 | €13,076 | -€31,397 | -70.6% |
| Other amounts payable | 47/48 | €163,741 | €148,570 | -€15,171 | -9.3% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Non-recurring operating income | 76A | €11,812 | €4,181 | -€7,631 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,398 | €26,829 | +€7,431 | +38.3% |
| Other operating charges | 640/8 | €6,100 | €5,715 | -€385 | -6.3% |
| Gross operating margin | 9900 | €133,450 | €127,230 | -€6,220 | -4.7% |
| Operating profit (loss) | 9901 | €107,952 | €94,686 | -€13,266 | -12.3% |
| Financial income | 75/76B | €632 | €496 | -€135 | -21.4% |
| Recurring financial income | 75 | €632 | €496 | -€135 | -21.4% |
| Financial charges | 65/66B | €2,872 | €2,796 | -€77 | -2.7% |
| Recurring financial charges | 65 | €2,872 | €2,796 | -€77 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €105,712 | €92,387 | -€13,325 | -12.6% |
| Income taxes | 67/77 | €22,016 | €18,945 | -€3,071 | -13.9% |
| Profit (loss) for the period | 9904 | €83,696 | €73,442 | -€10,254 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,696 | €73,442 | -€10,254 | -12.3% |
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 4 November 2026 via checked.be.