GARAGE VDL: what changed
GARAGE VDL
Largest movements
- Tangible fixed assets -€13,501
down €13,501 (-14.4%), from €93,660 to €80,159
of which Land and buildings: -€11,407
- Cash +€10,089
up €10,089 (+14.0%), from €72,285 to €82,374
mainly Net result for the year (+€36,753) and Depreciation (+€18,051)
- Receivables within one year +€3,135
up €3,135 (+1,005%), from €312 to €3,447
of which Trade receivables: +€3,134
- Other debts -€8,963
down €8,963 (-23.9%), from €37,532 to €28,569
- Reserves +€6,753
up €6,753 (+14.2%), from €47,701 to €54,453
- Tax, wage and social debts +€3,177
up €3,177 (+25.6%), from €12,386 to €15,563
- Gross operating margin +€37,166
up €37,166 (+48.5%), from €76,637 to €113,803
- Taxes +€8,125
up €8,125 (+92.3%), from €8,798 to €16,923
- Staff costs +€3,250
up €3,250 (+8.7%), from €37,223 to €40,472
- Depreciation -€2,944
down €2,944 (-14.0%), from €20,995 to €18,051
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 | €187,856 | €188,762 | +€905 | +0.5% |
| Fixed assets | 21/28 | €93,844 | €80,342 | -€13,501 | -14.4% |
| Tangible fixed assets | 22/27 | €93,660 | €80,159 | -€13,501 | -14.4% |
| Land and buildings | 22 | €72,285 | €60,878 | -€11,407 | -15.8% |
| Plant, machinery and equipment | 23 | €9,027 | €11,891 | +€2,864 | +31.7% |
| Furniture and vehicles | 24 | €12,349 | €7,390 | -€4,958 | -40.2% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €94,013 | €108,419 | +€14,406 | +15.3% |
| Stocks and contracts in progress | 3 | €21,416 | €22,598 | +€1,182 | +5.5% |
| Stocks | 30/36 | €21,416 | €22,598 | +€1,182 | +5.5% |
| Amounts receivable within one year | 40/41 | €312 | €3,447 | +€3,135 | +1,005% |
| Trade receivables | 40 | €312 | €3,446 | +€3,134 | +1,005% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €72,285 | €82,374 | +€10,089 | +14.0% |
| Total equity and liabilities | 10/49 | €187,856 | €188,762 | +€905 | +0.5% |
| Equity | 10/15 | €135,396 | €142,148 | +€6,753 | +5.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €47,701 | €54,453 | +€6,753 | +14.2% |
| Distributable reserves | 133 | €47,701 | €54,453 | +€6,753 | +14.2% |
| Profit (loss) carried forward | 14 | €65,695 | €65,695 | = | 0.0% |
| Amounts payable | 17/49 | €52,461 | €46,613 | -€5,847 | -11.1% |
| Amounts payable within one year | 42/48 | €51,461 | €45,613 | -€5,847 | -11.4% |
| Trade debts | 44 | €1,543 | €1,482 | -€61 | -4.0% |
| Suppliers | 440/4 | €1,543 | €1,482 | -€61 | -4.0% |
| Taxes, remuneration and social security | 45 | €12,386 | €15,563 | +€3,177 | +25.6% |
| Taxes | 450/3 | €12,386 | €15,563 | +€3,177 | +25.6% |
| Other amounts payable | 47/48 | €37,532 | €28,569 | -€8,963 | -23.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €37,223 | €40,472 | +€3,250 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,995 | €18,051 | -€2,944 | -14.0% |
| Other operating charges | 640/8 | €2,277 | €1,563 | -€714 | -31.4% |
| Gross operating margin | 9900 | €76,637 | €113,803 | +€37,166 | +48.5% |
| Operating profit (loss) | 9901 | €16,142 | €53,716 | +€37,574 | +233% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €75 | €41 | -€34 | -45.6% |
| Recurring financial charges | 65 | €75 | €41 | -€34 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €16,068 | €53,676 | +€37,608 | +234% |
| Income taxes | 67/77 | €8,798 | €16,923 | +€8,125 | +92.3% |
| Profit (loss) for the period | 9904 | €7,269 | €36,753 | +€29,483 | +406% |
| Profit (loss) for the period to be appropriated | 9905 | €7,269 | €36,753 | +€29,483 | +406% |
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.