GARAGE VERDONCK: what changed
GARAGE VERDONCK
Largest movements
- Receivables within one year +€171,496
up €171,496 (+47.0%), from €364,951 to €536,447
of which Trade receivables: +€164,172
- Stocks and contracts -€36,561
down €36,561 (-8.7%), from €418,959 to €382,399
- Tangible fixed assets +€17,839
up €17,839 (+37.1%), from €48,035 to €65,874
of which Other tangible fixed assets: +€22,747
- Cash -€16,168
down €16,168 (-7.0%), from €230,963 to €214,795
mainly Receivables within one year (-€171,496) and Investment in fixed assets (net) (-€23,515)
- Trade debts +€109,008
up €109,008 (+58.9%), from €185,223 to €294,231
- Reserves +€23,628
up €23,628 (+3.5%), from €676,333 to €699,961
of which Distributable reserves: +€23,628
- Gross operating margin +€21,854
up €21,854 (+19.1%), from €114,502 to €136,356
- Staff costs +€7,892
up €7,892 (+9.8%), from €80,816 to €88,708
- Taxes +€4,602
up €4,602 (+155%), from €2,971 to €7,573
- Financial charges -€4,499
down €4,499 (-92.9%), from €4,842 to €344
- Depreciation -€3,018
down €3,018 (-34.7%), from €8,695 to €5,677
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,909 | €1,199,515 | +€136,606 | +12.9% |
| Fixed assets | 21/28 | €48,035 | €65,874 | +€17,839 | +37.1% |
| Tangible fixed assets | 22/27 | €48,035 | €65,874 | +€17,839 | +37.1% |
| Plant, machinery and equipment | 23 | €18,126 | €13,200 | -€4,927 | -27.2% |
| Furniture and vehicles | 24 | €21,179 | €21,197 | +€18 | +0.1% |
| Other tangible fixed assets | 26 | €8,729 | €31,476 | +€22,747 | +261% |
| Current assets | 29/58 | €1,014,874 | €1,133,641 | +€118,767 | +11.7% |
| Stocks and contracts in progress | 3 | €418,959 | €382,399 | -€36,561 | -8.7% |
| Stocks | 30/36 | €418,959 | €382,399 | -€36,561 | -8.7% |
| Amounts receivable within one year | 40/41 | €364,951 | €536,447 | +€171,496 | +47.0% |
| Trade receivables | 40 | €351,118 | €515,290 | +€164,172 | +46.8% |
| Other amounts receivable | 41 | €13,834 | €21,158 | +€7,324 | +52.9% |
| Cash at bank and in hand | 54/58 | €230,963 | €214,795 | -€16,168 | -7.0% |
| Total equity and liabilities | 10/49 | €1,062,909 | €1,199,515 | +€136,606 | +12.9% |
| Equity | 10/15 | €776,333 | €799,961 | +€23,628 | +3.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Contributions outside capital | 11 | - | €100,000 | +€100,000 | |
| Other | 1109/19 | - | €100,000 | +€100,000 | |
| Reserves | 13 | €676,333 | €699,961 | +€23,628 | +3.5% |
| Non-distributable reserves | 130/1 | €554,764 | €554,764 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Other | 1319 | €544,764 | €544,764 | = | 0.0% |
| Distributable reserves | 133 | €121,568 | €145,196 | +€23,628 | +19.4% |
| Provisions and deferred taxes | 16 | €10,093 | €10,093 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,093 | €10,093 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,093 | €10,093 | = | 0.0% |
| Amounts payable | 17/49 | €276,483 | €389,461 | +€112,978 | +40.9% |
| Amounts payable within one year | 42/48 | €276,483 | €389,461 | +€112,978 | +40.9% |
| Trade debts | 44 | €185,223 | €294,231 | +€109,008 | +58.9% |
| Suppliers | 440/4 | €185,223 | €294,231 | +€109,008 | +58.9% |
| Taxes, remuneration and social security | 45 | €28,904 | €37,275 | +€8,371 | +29.0% |
| Taxes | 450/3 | €28,904 | €37,275 | +€8,371 | +29.0% |
| Other amounts payable | 47/48 | €62,357 | €57,955 | -€4,401 | -7.1% |
| Remuneration, social security and pensions | 62 | €80,816 | €88,708 | +€7,892 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,695 | €5,677 | -€3,018 | -34.7% |
| Other operating charges | 640/8 | €10,083 | €12,415 | +€2,332 | +23.1% |
| Gross operating margin | 9900 | €114,502 | €136,356 | +€21,854 | +19.1% |
| Operating profit (loss) | 9901 | €14,909 | €29,557 | +€14,648 | +98.2% |
| Financial income | 75/76B | €117 | €1,988 | +€1,871 | +1,605% |
| Recurring financial income | 75 | €117 | €1,988 | +€1,871 | +1,605% |
| Financial charges | 65/66B | €4,842 | €344 | -€4,499 | -92.9% |
| Recurring financial charges | 65 | €4,842 | €344 | -€4,499 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €10,183 | €31,201 | +€21,018 | +206% |
| Income taxes | 67/77 | €2,971 | €7,573 | +€4,602 | +155% |
| Profit (loss) for the period | 9904 | €7,212 | €23,628 | +€16,416 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €7,212 | €23,628 | +€16,416 | +228% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.