GARAGE VERHEYEN: 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 VERHEYEN
Largest movements
- Receivables within one year +€67,112
up €67,112 (+75.4%), from €89,052 to €156,165
of which Trade receivables: +€47,505
- Cash +€62,193
up €62,193 (+181%), from €34,437 to €96,630
mainly Tax, wage and social debts (+€70,932) and Depreciation (+€40,454)
- Stocks and contracts -€27,893
down €27,893 (-4.9%), from €573,347 to €545,454
- Reserves -€89,188
down €89,188 (-17.4%), from €513,604 to €424,416
of which Distributable reserves: -€89,188
- Tax, wage and social debts +€70,932
up €70,932 (+144%), from €49,299 to €120,231
of which Remuneration and social security: +€50,464
- Debts after one year +€36,695
up €36,695 (+890%), from €4,125 to €40,820
- Trade debts +€32,456
up €32,456 (+37.2%), from €87,353 to €119,809
- Other debts +€28,427
new in 2025: €28,427
- Staff costs +€28,684
up €28,684 (+7.3%), from €390,672 to €419,356
- Depreciation -€7,834
down €7,834 (-16.2%), from €48,287 to €40,454
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 | €905,014 | €1,021,400 | +€116,386 | +12.9% |
| Fixed assets | 21/28 | €178,705 | €185,751 | +€7,045 | +3.9% |
| Tangible fixed assets | 22/27 | €178,205 | €185,251 | +€7,045 | +4.0% |
| Land and buildings | 22 | €93,320 | €93,237 | -€83 | -0.1% |
| Plant, machinery and equipment | 23 | €21,479 | €20,106 | -€1,373 | -6.4% |
| Furniture and vehicles | 24 | €63,406 | €71,908 | +€8,501 | +13.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €726,309 | €835,649 | +€109,341 | +15.1% |
| Stocks and contracts in progress | 3 | €573,347 | €545,454 | -€27,893 | -4.9% |
| Stocks | 30/36 | €573,347 | €545,454 | -€27,893 | -4.9% |
| Amounts receivable within one year | 40/41 | €89,052 | €156,165 | +€67,112 | +75.4% |
| Trade receivables | 40 | €46,367 | €93,873 | +€47,505 | +102% |
| Other amounts receivable | 41 | €42,685 | €62,292 | +€19,607 | +45.9% |
| Cash at bank and in hand | 54/58 | €34,437 | €96,630 | +€62,193 | +181% |
| Deferred charges and accrued income | 490/1 | €29,473 | €37,401 | +€7,928 | +26.9% |
| Total equity and liabilities | 10/49 | €905,014 | €1,021,400 | +€116,386 | +12.9% |
| Equity | 10/15 | €656,459 | €586,786 | -€69,673 | -10.6% |
| Contributions | 10/11 | €162,370 | €162,370 | = | 0.0% |
| Capital | 10 | €162,370 | €162,370 | = | 0.0% |
| Issued capital | 100 | €162,370 | €162,370 | = | 0.0% |
| Reserves | 13 | €513,604 | €424,416 | -€89,188 | -17.4% |
| Non-distributable reserves | 130/1 | €16,237 | €16,237 | = | 0.0% |
| Legal reserve | 130 | €16,237 | €16,237 | = | 0.0% |
| Distributable reserves | 133 | €497,367 | €408,179 | -€89,188 | -17.9% |
| Profit (loss) carried forward | 14 | -€19,515 | - | +€19,515 | |
| Amounts payable | 17/49 | €248,555 | €434,614 | +€186,059 | +74.9% |
| Amounts payable after more than one year | 17 | €4,125 | €40,820 | +€36,695 | +890% |
| Financial debts | 170/4 | €4,125 | €40,820 | +€36,695 | +890% |
| Amounts payable within one year | 42/48 | €242,152 | €387,774 | +€145,622 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €5,500 | €19,306 | +€13,806 | +251% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €87,353 | €119,809 | +€32,456 | +37.2% |
| Suppliers | 440/4 | €87,353 | €119,809 | +€32,456 | +37.2% |
| Taxes, remuneration and social security | 45 | €49,299 | €120,231 | +€70,932 | +144% |
| Taxes | 450/3 | €15,673 | €36,141 | +€20,469 | +131% |
| Remuneration and social security | 454/9 | €33,626 | €84,090 | +€50,464 | +150% |
| Other amounts payable | 47/48 | - | €28,427 | +€28,427 | |
| Accrued charges and deferred income | 492/3 | €2,278 | €6,020 | +€3,742 | +164% |
| Non-recurring operating income | 76A | €8,671 | €12,548 | +€3,878 | +44.7% |
| Remuneration, social security and pensions | 62 | €390,672 | €419,356 | +€28,684 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,287 | €40,454 | -€7,834 | -16.2% |
| Other operating charges | 640/8 | €7,164 | €10,133 | +€2,968 | +41.4% |
| Gross operating margin | 9900 | €435,527 | €436,901 | +€1,374 | +0.3% |
| Operating profit (loss) | 9901 | -€10,597 | -€33,041 | -€22,444 | -212% |
| Financial income | 75/76B | €788 | €1,775 | +€987 | +125% |
| Recurring financial income | 75 | €788 | €1,775 | +€987 | +125% |
| Financial charges | 65/66B | €7,708 | €7,783 | +€75 | +1.0% |
| Recurring financial charges | 65 | €7,708 | €7,783 | +€75 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,517 | -€39,049 | -€21,532 | -123% |
| Income taxes | 67/77 | €1,998 | €700 | -€1,298 | -65.0% |
| Profit (loss) for the period | 9904 | -€19,515 | -€39,749 | -€20,234 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,515 | -€39,749 | -€20,234 | -104% |
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.