Garage Vital: what changed
Garage Vital
Largest movements
- Receivables within one year -€40,750
down €40,750 (-72.5%), from €56,192 to €15,443
of which Trade receivables: -€40,730
- Tangible fixed assets -€13,187
down €13,187 (-20.3%), from €65,115 to €51,928
of which Plant, machinery and equipment: -€11,429
- Intangible fixed assets -€4,000
down €4,000 (-32.4%), from €12,329 to €8,329
- Cash +€2,707
up €2,707 (+30.3%), from €8,933 to €11,641
mainly Receivables within one year (+€40,750) and Depreciation (+€17,187)
- Stocks and contracts +€1,909
up €1,909 (+10.1%), from €18,850 to €20,759
- Trade debts -€21,612
down €21,612 (-74.1%), from €29,179 to €7,567
- Debts after one year -€14,149
down €14,149 (-23.6%), from €59,984 to €45,834
- Tax, wage and social debts -€10,751
down €10,751 (-41.4%), from €25,949 to €15,197
of which Taxes: -€17,325
- Profit (loss) carried forward -€8,244
new in 2025: -€8,244
- Staff costs +€18,366
up €18,366 (+1,030%), from €1,783 to €20,149
- Gross operating margin +€7,329
up €7,329 (+23.0%), from €31,935 to €39,264
- Taxes -€1,770
down €1,770 (-88.2%), from €2,005 to €236
- Other operating charges +€1,385
up €1,385 (+70.5%), from €1,963 to €3,347
- Financial charges -€607
down €607 (-8.4%), from €7,235 to €6,627
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 | €161,419 | €108,099 | -€53,320 | -33.0% |
| Fixed assets | 21/28 | €77,444 | €60,257 | -€17,187 | -22.2% |
| Intangible fixed assets | 21 | €12,329 | €8,329 | -€4,000 | -32.4% |
| Tangible fixed assets | 22/27 | €65,115 | €51,928 | -€13,187 | -20.3% |
| Plant, machinery and equipment | 23 | €58,082 | €46,654 | -€11,429 | -19.7% |
| Furniture and vehicles | 24 | €7,033 | €5,275 | -€1,758 | -25.0% |
| Current assets | 29/58 | €83,976 | €47,842 | -€36,134 | -43.0% |
| Stocks and contracts in progress | 3 | €18,850 | €20,759 | +€1,909 | +10.1% |
| Stocks | 30/36 | €18,850 | €20,759 | +€1,909 | +10.1% |
| Amounts receivable within one year | 40/41 | €56,192 | €15,443 | -€40,750 | -72.5% |
| Trade receivables | 40 | €50,698 | €9,969 | -€40,730 | -80.3% |
| Other amounts receivable | 41 | €5,494 | €5,474 | -€20 | -0.4% |
| Cash at bank and in hand | 54/58 | €8,933 | €11,641 | +€2,707 | +30.3% |
| Total equity and liabilities | 10/49 | €161,419 | €108,099 | -€53,320 | -33.0% |
| Equity | 10/15 | €22,717 | €14,473 | -€8,244 | -36.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,717 | €17,717 | = | 0.0% |
| Distributable reserves | 133 | €17,717 | €17,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,244 | -€8,244 | |
| Amounts payable | 17/49 | €138,703 | €93,626 | -€45,077 | -32.5% |
| Amounts payable after more than one year | 17 | €59,984 | €45,834 | -€14,149 | -23.6% |
| Financial debts | 170/4 | €59,984 | €45,834 | -€14,149 | -23.6% |
| Amounts payable within one year | 42/48 | €78,719 | €47,791 | -€30,928 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €13,459 | €14,149 | +€691 | +5.1% |
| Trade debts | 44 | €29,179 | €7,567 | -€21,612 | -74.1% |
| Suppliers | 440/4 | €29,179 | €7,567 | -€21,612 | -74.1% |
| Advances received on contracts in progress | 46 | €604 | €0 | -€604 | -100% |
| Taxes, remuneration and social security | 45 | €25,949 | €15,197 | -€10,751 | -41.4% |
| Taxes | 450/3 | €25,726 | €8,401 | -€17,325 | -67.3% |
| Remuneration and social security | 454/9 | €222 | €6,796 | +€6,574 | +2,956% |
| Other amounts payable | 47/48 | €9,530 | €10,878 | +€1,348 | +14.1% |
| Remuneration, social security and pensions | 62 | €1,783 | €20,149 | +€18,366 | +1,030% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,187 | €17,187 | = | 0.0% |
| Other operating charges | 640/8 | €1,963 | €3,347 | +€1,385 | +70.5% |
| Gross operating margin | 9900 | €31,935 | €39,264 | +€7,329 | +23.0% |
| Operating profit (loss) | 9901 | €11,002 | -€1,419 | -€12,421 | |
| Financial income | 75/76B | €130 | €38 | -€92 | -70.5% |
| Recurring financial income | 75 | €130 | €38 | -€92 | -70.5% |
| Financial charges | 65/66B | €7,235 | €6,627 | -€607 | -8.4% |
| Recurring financial charges | 65 | €7,235 | €6,627 | -€607 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €3,898 | -€8,008 | -€11,905 | |
| Income taxes | 67/77 | €2,005 | €236 | -€1,770 | -88.2% |
| Profit (loss) for the period | 9904 | €1,892 | -€8,244 | -€10,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,892 | -€8,244 | -€10,136 |
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 3 November 2026 via checked.be.