Garage Van Twembeke: 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 Twembeke
Largest movements
- Cash +€133,078
up €133,078 (+64.7%), from €205,801 to €338,879
mainly Net result for the year (+€97,603) and Receivables within one year (+€52,907)
- Receivables within one year -€52,907
down €52,907 (-46.2%), from €114,577 to €61,670
of which Trade receivables: -€46,965
- Tangible fixed assets -€21,425
down €21,425 (-10.0%), from €214,168 to €192,743
of which Land and buildings: -€22,174
- Stocks and contracts +€15,792
up €15,792 (+7.2%), from €218,158 to €233,950
- Deferred charges and accrued income +€14,570
up €14,570 (+192%), from €7,603 to €22,173
- Reserves +€97,603
up €97,603 (+23.0%), from €424,981 to €522,584
of which Distributable reserves: +€98,072
- Trade debts +€22,944
up €22,944 (+94.9%), from €24,183 to €47,127
- Debts after one year -€16,666
down €16,666 (-44.2%), from €37,737 to €21,071
- Tax, wage and social debts -€10,365
down €10,365 (-24.9%), from €41,635 to €31,270
of which Taxes: -€11,367
- Gross operating margin +€63,925
up €63,925 (+24.9%), from €256,553 to €320,478
- Staff costs +€57,971
up €57,971 (+81.8%), from €70,854 to €128,824
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 | €760,307 | €849,415 | +€89,108 | +11.7% |
| Fixed assets | 21/28 | €214,168 | €192,743 | -€21,425 | -10.0% |
| Tangible fixed assets | 22/27 | €214,168 | €192,743 | -€21,425 | -10.0% |
| Land and buildings | 22 | €178,666 | €156,492 | -€22,174 | -12.4% |
| Plant, machinery and equipment | 23 | €32,575 | €28,159 | -€4,417 | -13.6% |
| Furniture and vehicles | 24 | €2,926 | €8,093 | +€5,166 | +177% |
| Current assets | 29/58 | €546,139 | €656,672 | +€110,533 | +20.2% |
| Stocks and contracts in progress | 3 | €218,158 | €233,950 | +€15,792 | +7.2% |
| Stocks | 30/36 | €218,158 | €233,950 | +€15,792 | +7.2% |
| Amounts receivable within one year | 40/41 | €114,577 | €61,670 | -€52,907 | -46.2% |
| Trade receivables | 40 | €108,635 | €61,670 | -€46,965 | -43.2% |
| Other amounts receivable | 41 | €5,942 | €0 | -€5,942 | -100% |
| Cash at bank and in hand | 54/58 | €205,801 | €338,879 | +€133,078 | +64.7% |
| Deferred charges and accrued income | 490/1 | €7,603 | €22,173 | +€14,570 | +192% |
| Total equity and liabilities | 10/49 | €760,307 | €849,415 | +€89,108 | +11.7% |
| Equity | 10/15 | €601,744 | €699,347 | +€97,603 | +16.2% |
| Contributions | 10/11 | €176,763 | €176,763 | = | 0.0% |
| Reserves | 13 | €424,981 | €522,584 | +€97,603 | +23.0% |
| Tax-exempt reserves | 132 | €2,812 | €2,343 | -€469 | -16.7% |
| Distributable reserves | 133 | €422,169 | €520,241 | +€98,072 | +23.2% |
| Provisions and deferred taxes | 16 | €1,448 | €1,207 | -€241 | -16.7% |
| Deferred taxes | 168 | €1,448 | €1,207 | -€241 | -16.7% |
| Amounts payable | 17/49 | €157,114 | €148,861 | -€8,254 | -5.3% |
| Amounts payable after more than one year | 17 | €37,737 | €21,071 | -€16,666 | -44.2% |
| Financial debts | 170/4 | €37,737 | €21,071 | -€16,666 | -44.2% |
| Amounts payable within one year | 42/48 | €118,787 | €127,200 | +€8,412 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €16,666 | -€3,334 | -16.7% |
| Trade debts | 44 | €24,183 | €47,127 | +€22,944 | +94.9% |
| Suppliers | 440/4 | €24,183 | €47,127 | +€22,944 | +94.9% |
| Taxes, remuneration and social security | 45 | €41,635 | €31,270 | -€10,365 | -24.9% |
| Taxes | 450/3 | €33,937 | €22,570 | -€11,367 | -33.5% |
| Remuneration and social security | 454/9 | €7,698 | €8,700 | +€1,001 | +13.0% |
| Other amounts payable | 47/48 | €32,969 | €32,137 | -€833 | -2.5% |
| Accrued charges and deferred income | 492/3 | €590 | €590 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €70,854 | €128,824 | +€57,971 | +81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,173 | €37,233 | +€1,060 | +2.9% |
| Other operating charges | 640/8 | €4,938 | €5,794 | +€856 | +17.3% |
| Gross operating margin | 9900 | €256,553 | €320,478 | +€63,925 | +24.9% |
| Operating profit (loss) | 9901 | €144,587 | €148,626 | +€4,039 | +2.8% |
| Financial income | 75/76B | €1,945 | €1,066 | -€879 | -45.2% |
| Recurring financial income | 75 | €1,945 | €1,066 | -€879 | -45.2% |
| Financial charges | 65/66B | €5,598 | €4,509 | -€1,089 | -19.4% |
| Recurring financial charges | 65 | €5,598 | €4,509 | -€1,089 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €140,935 | €145,183 | +€4,248 | +3.0% |
| Transfer from deferred taxes | 780 | €241 | €241 | = | 0.0% |
| Income taxes | 67/77 | €46,616 | €47,821 | +€1,205 | +2.6% |
| Profit (loss) for the period | 9904 | €94,560 | €97,603 | +€3,044 | +3.2% |
| Transfer from tax-exempt reserves | 789 | €469 | €469 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,028 | €98,072 | +€3,044 | +3.2% |
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 1 November 2026 via checked.be.