GARAGE VERTONGEN: 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 VERTONGEN
Largest movements
- Stocks and contracts +€145,005
up €145,005 (+99.1%), from €146,294 to €291,299
- Cash -€85,002
down €85,002 (-42.7%), from €198,859 to €113,857
mainly Stocks and contracts (-€145,005) and Other debts (-€11,837)
- Tangible fixed assets -€20,288
down €20,288 (-12.3%), from €164,729 to €144,441
- Receivables within one year +€10,384
up €10,384 (+30.5%), from €33,991 to €44,375
- Reserves +€42,446
up €42,446 (+17.5%), from €243,103 to €285,549
of which Distributable reserves: +€42,446
- Tax, wage and social debts +€14,196
up €14,196 (+62.8%), from €22,615 to €36,811
of which Taxes: +€7,491
- Trade debts +€12,561
up €12,561 (+70.4%), from €17,830 to €30,391
- Other debts -€11,837
down €11,837 (-15.1%), from €78,368 to €66,531
- Staff costs -€14,838
down €14,838 (-92.5%), from €16,039 to €1,201
- Gross operating margin -€10,553
down €10,553 (-8.7%), from €121,585 to €111,032
- Depreciation -€3,681
down €3,681 (-15.4%), from €23,969 to €20,288
- Taxes +€2,988
up €2,988 (+15.4%), from €19,463 to €22,451
- Financial charges -€2,653
down €2,653 (-15.2%), from €17,490 to €14,837
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 | €544,513 | €595,169 | +€50,656 | +9.3% |
| Fixed assets | 21/28 | €164,729 | €144,441 | -€20,288 | -12.3% |
| Tangible fixed assets | 22/27 | €164,729 | €144,441 | -€20,288 | -12.3% |
| Land and buildings | 22 | €148,163 | €139,609 | -€8,554 | -5.8% |
| Plant, machinery and equipment | 23 | €13,730 | €4,390 | -€9,339 | -68.0% |
| Furniture and vehicles | 24 | €2,836 | €441 | -€2,395 | -84.4% |
| Current assets | 29/58 | €379,784 | €450,728 | +€70,944 | +18.7% |
| Stocks and contracts in progress | 3 | €146,294 | €291,299 | +€145,005 | +99.1% |
| Stocks | 30/36 | €146,294 | €291,299 | +€145,005 | +99.1% |
| Amounts receivable within one year | 40/41 | €33,991 | €44,375 | +€10,384 | +30.5% |
| Trade receivables | 40 | €33,991 | €44,375 | +€10,384 | +30.5% |
| Cash at bank and in hand | 54/58 | €198,859 | €113,857 | -€85,002 | -42.7% |
| Deferred charges and accrued income | 490/1 | €640 | €1,197 | +€557 | +87.0% |
| Total equity and liabilities | 10/49 | €544,513 | €595,169 | +€50,656 | +9.3% |
| Equity | 10/15 | €253,019 | €295,465 | +€42,446 | +16.8% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €243,103 | €285,549 | +€42,446 | +17.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €243,103 | €285,549 | +€42,446 | +17.5% |
| Amounts payable | 17/49 | €291,494 | €299,704 | +€8,210 | +2.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €277,014 | €288,070 | +€11,057 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €5,700 | €0 | -€5,700 | -100% |
| Financial debts | 43 | €152,500 | €153,838 | +€1,338 | +0.9% |
| Credit institutions | 430/8 | €152,500 | €153,838 | +€1,338 | +0.9% |
| Trade debts | 44 | €17,830 | €30,391 | +€12,561 | +70.4% |
| Suppliers | 440/4 | €17,830 | €30,391 | +€12,561 | +70.4% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €22,615 | €36,811 | +€14,196 | +62.8% |
| Taxes | 450/3 | €22,550 | €30,042 | +€7,491 | +33.2% |
| Remuneration and social security | 454/9 | €64 | €6,769 | +€6,705 | +10,424% |
| Other amounts payable | 47/48 | €78,368 | €66,531 | -€11,837 | -15.1% |
| Accrued charges and deferred income | 492/3 | €14,480 | €11,634 | -€2,847 | -19.7% |
| Remuneration, social security and pensions | 62 | €16,039 | €1,201 | -€14,838 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,969 | €20,288 | -€3,681 | -15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,900 | €1,900 | = | 0.0% |
| Other operating charges | 640/8 | €6,281 | €7,972 | +€1,691 | +26.9% |
| Gross operating margin | 9900 | €121,585 | €111,032 | -€10,553 | -8.7% |
| Operating profit (loss) | 9901 | €73,396 | €79,670 | +€6,275 | +8.5% |
| Financial income | 75/76B | €273 | €62 | -€211 | -77.2% |
| Recurring financial income | 75 | €273 | €62 | -€211 | -77.2% |
| Financial charges | 65/66B | €17,490 | €14,837 | -€2,653 | -15.2% |
| Recurring financial charges | 65 | €17,490 | €14,837 | -€2,653 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €56,179 | €64,896 | +€8,717 | +15.5% |
| Income taxes | 67/77 | €19,463 | €22,451 | +€2,988 | +15.4% |
| Profit (loss) for the period | 9904 | €36,717 | €42,446 | +€5,729 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,717 | €42,446 | +€5,729 | +15.6% |
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 15 October 2026 via checked.be.