Garage VO: 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 VO
Largest movements
- Cash -€7,962
down €7,962 (-78.7%), from €10,117 to €2,154
mainly Net result for the year (-€26,596) and Debts after one year (-€18,247)
- Receivables within one year -€6,346
down €6,346 (-85.5%), from €7,426 to €1,080
of which Other amounts receivable: -€7,346
- Stocks and contracts +€4,758
up €4,758 (+9.9%), from €47,899 to €52,657
- Tangible fixed assets -€4,552
down €4,552 (-44.3%), from €10,284 to €5,732
- Intangible fixed assets -€1,502
down €1,502 (-39.3%), from €3,817 to €2,315
- Profit (loss) carried forward -€26,596
down €26,596 (-37.1%), from -€71,704 to -€98,300
- Other debts +€23,793
up €23,793 (+10,215%), from €233 to €24,026
- Debts after one year -€18,247
down €18,247 (-36.7%), from €49,695 to €31,448
- Tax, wage and social debts +€5,721
up €5,721, from €0 to €5,721
- Trade debts -€1,908
down €1,908 (-3.9%), from €48,491 to €46,583
of which Suppliers: -€2,908
- Gross operating margin +€38,863
up €38,863 (+69.7%), from -€55,768 to -€16,904
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 | €84,208 | €67,739 | -€16,469 | -19.6% |
| Fixed assets | 21/28 | €17,901 | €11,847 | -€6,054 | -33.8% |
| Intangible fixed assets | 21 | €3,817 | €2,315 | -€1,502 | -39.3% |
| Tangible fixed assets | 22/27 | €10,284 | €5,732 | -€4,552 | -44.3% |
| Plant, machinery and equipment | 23 | €4,260 | €2,576 | -€1,683 | -39.5% |
| Furniture and vehicles | 24 | €1,682 | €494 | -€1,189 | -70.6% |
| Other tangible fixed assets | 26 | €4,342 | €2,662 | -€1,680 | -38.7% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €66,307 | €55,891 | -€10,415 | -15.7% |
| Stocks and contracts in progress | 3 | €47,899 | €52,657 | +€4,758 | +9.9% |
| Stocks | 30/36 | €47,899 | €52,657 | +€4,758 | +9.9% |
| Amounts receivable within one year | 40/41 | €7,426 | €1,080 | -€6,346 | -85.5% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €7,426 | €80 | -€7,346 | -98.9% |
| Cash at bank and in hand | 54/58 | €10,117 | €2,154 | -€7,962 | -78.7% |
| Deferred charges and accrued income | 490/1 | €865 | €0 | -€865 | -100% |
| Total equity and liabilities | 10/49 | €84,208 | €67,739 | -€16,469 | -19.6% |
| Equity | 10/15 | -€31,704 | -€58,300 | -€26,596 | -83.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,704 | -€98,300 | -€26,596 | -37.1% |
| Amounts payable | 17/49 | €115,912 | €126,039 | +€10,127 | +8.7% |
| Amounts payable after more than one year | 17 | €49,695 | €31,448 | -€18,247 | -36.7% |
| Financial debts | 170/4 | €49,695 | €31,448 | -€18,247 | -36.7% |
| Amounts payable within one year | 42/48 | €66,217 | €94,577 | +€28,360 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €17,493 | €18,247 | +€755 | +4.3% |
| Trade debts | 44 | €48,491 | €46,583 | -€1,908 | -3.9% |
| Suppliers | 440/4 | €48,491 | €45,583 | -€2,908 | -6.0% |
| Bills of exchange payable | 441 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €0 | €5,721 | +€5,721 | |
| Taxes | 450/3 | €0 | €5,721 | +€5,721 | |
| Other amounts payable | 47/48 | €233 | €24,026 | +€23,793 | +10,215% |
| Accrued charges and deferred income | 492/3 | €0 | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,470 | €6,054 | -€416 | -6.4% |
| Other operating charges | 640/8 | €220 | €99 | -€121 | -54.9% |
| Gross operating margin | 9900 | -€55,768 | -€16,904 | +€38,863 | +69.7% |
| Operating profit (loss) | 9901 | -€62,457 | -€23,057 | +€39,400 | +63.1% |
| Financial income | 75/76B | €410 | €0 | -€410 | -100% |
| Recurring financial income | 75 | €410 | €0 | -€410 | -100% |
| Financial charges | 65/66B | €3,964 | €3,539 | -€425 | -10.7% |
| Recurring financial charges | 65 | €3,964 | €3,539 | -€425 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€66,011 | -€26,596 | +€39,415 | +59.7% |
| Profit (loss) for the period | 9904 | -€66,011 | -€26,596 | +€39,415 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,011 | -€26,596 | +€39,415 | +59.7% |
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 31 October 2026 via checked.be.