GARAGE VANHEES: 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.
What changed
GARAGE VANHEES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€139,079
2024 · €50,328+€88,751
Equity
€1.5m
2024 · €1.4m+€139,079
Cash
€223,497
2024 · €360,431-€136,934
Balance sheet total
€2.1m
2024 · €1.7m+€384,221
Largest movements
Assets
- Receivables after one year +€500,000
new in 2025: €500,000
- Cash -€136,934
down €136,934 (-38.0%), from €360,431 to €223,497
mainly Receivables after one year (-€500,000) and Investment in fixed assets (net) (-€81,211)
- Receivables within one year -€110,583
down €110,583 (-24.4%), from €453,584 to €343,001
of which Trade receivables: -€78,413
- Deferred charges and accrued income +€60,946
up €60,946 (+1,854%), from €3,287 to €64,233
- Tangible fixed assets +€51,783
up €51,783 (+10.3%), from €502,597 to €554,380
of which Plant, machinery and equipment: +€58,612
Equity and liabilities
- Trade debts +€164,754
up €164,754 (+73.6%), from €223,901 to €388,655
- Reserves +€139,079
up €139,079 (+12.6%), from €1.1m to €1.2m
of which Distributable reserves: +€139,079
- Debts after one year +€65,020
up €65,020 (+219%), from €29,685 to €94,705
Income statement
- Goods and materials -€1.7m
down €1.7m (-21.7%), from €7.6m to €6.0m
of which Purchases: -€1.1m
- Turnover -€1.6m
down €1.6m (-19.0%), from €8.2m to €6.6m
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.
Result 2024
€50,328
Turnover
-€1.6m
Other operating income
+€20,304
Goods and materials
+€1.7m
Services and other goods
-€4,477
Staff costs
-€50,540
Depreciation
-€5,095
Write-downs
-€10,865
Other operating charges
-€1,452
Other operating items
+€59,400
Financial income
+€904
Financial charges
+€7,198
Taxes
-€29,246
Result 2025
€139,079
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€129,771
Investment
-€81,211
Financing
+€74,048
Cash 2024
€360,431
From operations (derived)
-€129,771
Net result for the year
+€139,079
Depreciation
+€29,428
Receivables after one year
-€500,000
Stocks and contracts
-€19,010
Receivables within one year
+€110,583
Deferred charges and accrued income
-€60,946
Trade debts
+€164,754
Tax, wage and social debts
+€12,641
Other debts
-€6,299
Investment (derived)
-€81,211
Investment in fixed assets (net)
-€81,211
Financing
+€74,048
Debts after one year
+€65,020
Current portion of long-term debt
+€9,027
Cash 2025
€223,497
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,689,467 | €2,073,689 | +€384,221 | +22.7% |
| Fixed assets | 21/28 | €591,032 | €642,815 | +€51,783 | +8.8% |
| Tangible fixed assets | 22/27 | €502,597 | €554,380 | +€51,783 | +10.3% |
| Land and buildings | 22 | €474,976 | €469,700 | -€5,276 | -1.1% |
| Plant, machinery and equipment | 23 | €17,789 | €76,401 | +€58,612 | +329% |
| Furniture and vehicles | 24 | €9,831 | €8,278 | -€1,553 | -15.8% |
| Financial fixed assets | 28 | €88,436 | €88,436 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €87,850 | €87,850 | = | 0.0% |
| Participating interests | 282 | €87,850 | €87,850 | = | 0.0% |
| Other financial fixed assets | 284/8 | €586 | €586 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €586 | €586 | = | 0.0% |
| Current assets | 29/58 | €1,098,435 | €1,430,873 | +€332,438 | +30.3% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Trade receivables | 290 | - | €500,000 | +€500,000 | |
| Stocks and contracts in progress | 3 | €281,133 | €300,143 | +€19,010 | +6.8% |
| Stocks | 30/36 | €281,133 | €300,143 | +€19,010 | +6.8% |
| Goods purchased for resale | 34 | €281,133 | €300,143 | +€19,010 | +6.8% |
| Amounts receivable within one year | 40/41 | €453,584 | €343,001 | -€110,583 | -24.4% |
| Trade receivables | 40 | €387,766 | €309,353 | -€78,413 | -20.2% |
| Other amounts receivable | 41 | €65,817 | €33,648 | -€32,170 | -48.9% |
| Cash at bank and in hand | 54/58 | €360,431 | €223,497 | -€136,934 | -38.0% |
| Deferred charges and accrued income | 490/1 | €3,287 | €64,233 | +€60,946 | +1,854% |
| Total equity and liabilities | 10/49 | €1,689,467 | €2,073,689 | +€384,221 | +22.7% |
| Equity | 10/15 | €1,352,210 | €1,491,288 | +€139,079 | +10.3% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €1,104,316 | €1,243,394 | +€139,079 | +12.6% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €1,079,527 | €1,218,605 | +€139,079 | +12.9% |
| Amounts payable | 17/49 | €337,258 | €582,401 | +€245,143 | +72.7% |
| Amounts payable after more than one year | 17 | €29,685 | €94,705 | +€65,020 | +219% |
| Financial debts | 170/4 | €29,685 | €94,705 | +€65,020 | +219% |
| Credit institutions | 173 | €29,685 | €94,705 | +€65,020 | +219% |
| Other loans | 174 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €307,573 | €487,696 | +€180,123 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €29,027 | +€9,027 | +45.1% |
| Trade debts | 44 | €223,901 | €388,655 | +€164,754 | +73.6% |
| Suppliers | 440/4 | €223,901 | €388,655 | +€164,754 | +73.6% |
| Taxes, remuneration and social security | 45 | €57,372 | €70,013 | +€12,641 | +22.0% |
| Taxes | 450/3 | €16,214 | €11,802 | -€4,412 | -27.2% |
| Remuneration and social security | 454/9 | €41,159 | €58,211 | +€17,052 | +41.4% |
| Other amounts payable | 47/48 | €6,299 | - | -€6,299 | |
| Operating income | 70/76A | €8,669,880 | €7,140,672 | -€1.5m | -17.6% |
| Turnover | 70 | €8,196,665 | €6,638,722 | -€1.6m | -19.0% |
| Other operating income | 74 | €473,215 | €493,519 | +€20,304 | +4.3% |
| Non-recurring operating income | 76A | - | €8,431 | +€8,431 | |
| Operating charges | 60/66A | €8,591,046 | €6,951,943 | -€1.6m | -19.1% |
| Goods for resale, raw materials and consumables | 60 | €7,645,189 | €5,984,626 | -€1.7m | -21.7% |
| Purchases | 600/8 | €7,144,372 | €6,014,133 | -€1.1m | -15.8% |
| Change in stocks: decrease (increase) | 609 | €500,817 | -€29,507 | -€530,324 | |
| Services and other goods | 61 | €490,566 | €495,043 | +€4,477 | +0.9% |
| Remuneration, social security and pensions | 62 | €357,066 | €407,606 | +€50,540 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,333 | €29,428 | +€5,095 | +20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€368 | €10,497 | +€10,865 | |
| Other operating charges | 640/8 | €18,150 | €19,602 | +€1,452 | +8.0% |
| Non-recurring operating charges | 66A | €56,110 | €5,140 | -€50,969 | -90.8% |
| Operating profit (loss) | 9901 | €78,834 | €188,729 | +€109,895 | +139% |
| Financial income | 75/76B | - | €904 | +€904 | |
| Recurring financial income | 75 | - | €904 | +€904 | |
| Other financial income | 752/9 | - | €904 | +€904 | |
| Financial charges | 65/66B | €9,324 | €2,125 | -€7,198 | -77.2% |
| Recurring financial charges | 65 | €9,324 | €2,125 | -€7,198 | -77.2% |
| Debt charges | 650 | €5,953 | €0 | -€5,953 | -100% |
| Other financial charges | 652/9 | €3,371 | €2,125 | -€1,245 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €69,511 | €187,508 | +€117,997 | +170% |
| Income taxes | 67/77 | €19,183 | €48,429 | +€29,246 | +152% |
| Taxes | 670/3 | €19,183 | €48,429 | +€29,246 | +152% |
| Profit (loss) for the period | 9904 | €50,328 | €139,079 | +€88,751 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €50,328 | €139,079 | +€88,751 | +176% |
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 31 October 2026 via checked.be.