GARAGE VANTIEGHEM: 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 VANTIEGHEM
Largest movements
- Cash -€67,555
down €67,555 (-81.6%), from €82,743 to €15,188
mainly Other debts (-€121,827) and Debts after one year (-€47,065)
- Receivables within one year -€49,257
down €49,257 (-45.9%), from €107,392 to €58,135
of which Trade receivables: -€54,287
- Tangible fixed assets -€28,927
down €28,927 (-4.3%), from €667,586 to €638,659
of which Land and buildings: -€25,577
- Other debts -€121,827
down €121,827 (-100%), from €121,827 to €0
- Debts after one year -€47,065
down €47,065 (-13.4%), from €350,453 to €303,388
- Reserves +€26,369
up €26,369 (+53.9%), from €48,907 to €75,276
- Gross operating margin +€20,454
up €20,454 (+25.6%), from €79,967 to €100,421
- Financial charges -€2,247
down €2,247 (-10.5%), from €21,421 to €19,174
- Taxes +€2,194
up €2,194 (+236%), from €930 to €3,124
- Depreciation +€1,226
up €1,226 (+2.9%), from €42,861 to €44,087
- Other operating charges +€1,200
up €1,200 (+16.0%), from €7,484 to €8,684
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 | €881,531 | €737,841 | -€143,691 | -16.3% |
| Fixed assets | 21/28 | €668,503 | €639,459 | -€29,044 | -4.3% |
| Intangible fixed assets | 21 | €692 | €576 | -€116 | -16.8% |
| Tangible fixed assets | 22/27 | €667,586 | €638,659 | -€28,927 | -4.3% |
| Land and buildings | 22 | €652,419 | €626,842 | -€25,577 | -3.9% |
| Plant, machinery and equipment | 23 | €12,371 | €10,244 | -€2,127 | -17.2% |
| Furniture and vehicles | 24 | €2,796 | €1,573 | -€1,223 | -43.7% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €213,029 | €98,382 | -€114,647 | -53.8% |
| Stocks and contracts in progress | 3 | €22,894 | €25,059 | +€2,165 | +9.5% |
| Stocks | 30/36 | €22,894 | €25,059 | +€2,165 | +9.5% |
| Amounts receivable within one year | 40/41 | €107,392 | €58,135 | -€49,257 | -45.9% |
| Trade receivables | 40 | €103,931 | €49,644 | -€54,287 | -52.2% |
| Other amounts receivable | 41 | €3,461 | €8,491 | +€5,030 | +145% |
| Cash at bank and in hand | 54/58 | €82,743 | €15,188 | -€67,555 | -81.6% |
| Total equity and liabilities | 10/49 | €881,531 | €737,841 | -€143,691 | -16.3% |
| Equity | 10/15 | €348,907 | €375,276 | +€26,369 | +7.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €48,907 | €75,276 | +€26,369 | +53.9% |
| Distributable reserves | 133 | €48,907 | €75,276 | +€26,369 | +53.9% |
| Amounts payable | 17/49 | €532,625 | €362,565 | -€170,060 | -31.9% |
| Amounts payable after more than one year | 17 | €350,453 | €303,388 | -€47,065 | -13.4% |
| Financial debts | 170/4 | €350,453 | €303,388 | -€47,065 | -13.4% |
| Amounts payable within one year | 42/48 | €182,172 | €59,177 | -€122,995 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €44,780 | €47,065 | +€2,285 | +5.1% |
| Trade debts | 44 | €6,594 | €3,208 | -€3,386 | -51.3% |
| Suppliers | 440/4 | €6,594 | €3,208 | -€3,386 | -51.3% |
| Taxes, remuneration and social security | 45 | €8,971 | €8,903 | -€68 | -0.8% |
| Taxes | 450/3 | €8,971 | €8,903 | -€68 | -0.8% |
| Other amounts payable | 47/48 | €121,827 | €0 | -€121,827 | -100% |
| Remuneration, social security and pensions | 62 | €783 | €0 | -€783 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,861 | €44,087 | +€1,226 | +2.9% |
| Other operating charges | 640/8 | €7,484 | €8,684 | +€1,200 | +16.0% |
| Gross operating margin | 9900 | €79,967 | €100,421 | +€20,454 | +25.6% |
| Operating profit (loss) | 9901 | €28,839 | €47,650 | +€18,811 | +65.2% |
| Financial income | 75/76B | €1,415 | €1,017 | -€398 | -28.1% |
| Recurring financial income | 75 | €1,415 | €1,017 | -€398 | -28.1% |
| Financial charges | 65/66B | €21,421 | €19,174 | -€2,247 | -10.5% |
| Recurring financial charges | 65 | €21,421 | €19,174 | -€2,247 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €8,833 | €29,493 | +€20,660 | +234% |
| Income taxes | 67/77 | €930 | €3,124 | +€2,194 | +236% |
| Profit (loss) for the period | 9904 | €7,903 | €26,369 | +€18,466 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €7,903 | €26,369 | +€18,466 | +234% |
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 20 October 2026 via checked.be.