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.
GARAGE VANHEES
Largest movements
- Cash +€295,257
up €295,257 (+95.2%), from €310,013 to €605,270
mainly Stocks and contracts (+€273,634) and Net result for the year (+€68,769)
- Stocks and contracts -€273,634
down €273,634 (-48.2%), from €567,680 to €294,046
- Deferred charges and accrued income +€32,877
new in 2025: €32,877
- Tangible fixed assets -€23,641
down €23,641 (-7.4%), from €321,455 to €297,815
of which Other tangible fixed assets: -€16,870
- Reserves +€58,769
up €58,769 (+8.3%), from €706,706 to €765,475
of which Distributable reserves: +€58,769
- Debts after one year -€30,087
down €30,087 (-24.8%), from €121,435 to €91,348
- Trade debts -€25,124
down €25,124 (-58.4%), from €42,990 to €17,866
- Other debts +€17,904
up €17,904 (+8.2%), from €218,062 to €235,966
- Tax, wage and social debts +€16,248
up €16,248 (+32.2%), from €50,503 to €66,751
of which Taxes: +€13,132
- Gross operating margin -€36,837
down €36,837 (-6.1%), from €599,064 to €562,227
- Taxes -€8,169
down €8,169 (-24.0%), from €33,999 to €25,830
- Other operating charges -€6,082
down €6,082 (-35.0%), from €17,356 to €11,274
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 | €1,238,799 | €1,269,493 | +€30,694 | +2.5% |
| Fixed assets | 21/28 | €321,455 | €297,815 | -€23,641 | -7.4% |
| Tangible fixed assets | 22/27 | €321,455 | €297,815 | -€23,641 | -7.4% |
| Land and buildings | 22 | €170,485 | €168,819 | -€1,666 | -1.0% |
| Plant, machinery and equipment | 23 | €23,861 | €19,468 | -€4,393 | -18.4% |
| Furniture and vehicles | 24 | €4,896 | €4,185 | -€711 | -14.5% |
| Other tangible fixed assets | 26 | €122,213 | €105,343 | -€16,870 | -13.8% |
| Current assets | 29/58 | €917,344 | €971,678 | +€54,334 | +5.9% |
| Stocks and contracts in progress | 3 | €567,680 | €294,046 | -€273,634 | -48.2% |
| Stocks | 30/36 | €567,680 | €294,046 | -€273,634 | -48.2% |
| Amounts receivable within one year | 40/41 | €39,651 | €39,486 | -€165 | -0.4% |
| Trade receivables | 40 | €20,098 | €35,317 | +€15,219 | +75.7% |
| Other amounts receivable | 41 | €19,554 | €4,170 | -€15,384 | -78.7% |
| Cash at bank and in hand | 54/58 | €310,013 | €605,270 | +€295,257 | +95.2% |
| Deferred charges and accrued income | 490/1 | - | €32,877 | +€32,877 | |
| Total equity and liabilities | 10/49 | €1,238,799 | €1,269,493 | +€30,694 | +2.5% |
| Equity | 10/15 | €768,706 | €827,475 | +€58,769 | +7.6% |
| 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 | €706,706 | €765,475 | +€58,769 | +8.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €700,506 | €759,275 | +€58,769 | +8.4% |
| Amounts payable | 17/49 | €470,094 | €442,018 | -€28,075 | -6.0% |
| Amounts payable after more than one year | 17 | €121,435 | €91,348 | -€30,087 | -24.8% |
| Financial debts | 170/4 | €121,435 | €91,348 | -€30,087 | -24.8% |
| Amounts payable within one year | 42/48 | €348,658 | €350,671 | +€2,012 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €37,103 | €30,087 | -€7,016 | -18.9% |
| Trade debts | 44 | €42,990 | €17,866 | -€25,124 | -58.4% |
| Suppliers | 440/4 | €42,990 | €17,866 | -€25,124 | -58.4% |
| Taxes, remuneration and social security | 45 | €50,503 | €66,751 | +€16,248 | +32.2% |
| Taxes | 450/3 | €2,442 | €15,575 | +€13,132 | +538% |
| Remuneration and social security | 454/9 | €48,061 | €51,176 | +€3,115 | +6.5% |
| Other amounts payable | 47/48 | €218,062 | €235,966 | +€17,904 | +8.2% |
| Remuneration, social security and pensions | 62 | €401,583 | €398,149 | -€3,434 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,955 | €37,216 | +€5,262 | +16.5% |
| Other operating charges | 640/8 | €17,356 | €11,274 | -€6,082 | -35.0% |
| Gross operating margin | 9900 | €599,064 | €562,227 | -€36,837 | -6.1% |
| Operating profit (loss) | 9901 | €148,171 | €115,588 | -€32,583 | -22.0% |
| Financial income | 75/76B | €69 | - | -€69 | |
| Recurring financial income | 75 | €69 | - | -€69 | |
| Financial charges | 65/66B | €22,785 | €20,988 | -€1,796 | -7.9% |
| Recurring financial charges | 65 | €22,785 | €20,988 | -€1,796 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €125,455 | €94,599 | -€30,856 | -24.6% |
| Income taxes | 67/77 | €33,999 | €25,830 | -€8,169 | -24.0% |
| Profit (loss) for the period | 9904 | €91,456 | €68,769 | -€22,687 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,456 | €68,769 | -€22,687 | -24.8% |
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.