GARAGE VOET: what changed
What changed
GARAGE VOET
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€579,196
2024 · €502,035+€77,160
Equity
€3.2m
2024 · €2.8m+€399,976
Cash
€131,853
2024 · €620,648-€488,795
Balance sheet total
€3.9m
2024 · €3.3m+€579,870
Largest movements
Assets
- Receivables after one year +€1.2m
up €1.2m (+1,105%), from €105,000 to €1.3m
- Cash -€488,795
down €488,795 (-78.8%), from €620,648 to €131,853
mainly Receivables after one year (-€1.2m) and Receivables within one year (-€218,979)
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Receivables within one year +€218,979
up €218,979 (+100%), from €218,368 to €437,347
of which Other amounts receivable: +€157,788
Equity and liabilities
- Reserves +€330,852
up €330,852 (+13.0%), from €2.5m to €2.9m
of which Distributable reserves: +€330,852
- Other debts +€192,169
up €192,169 (+170%), from €112,711 to €304,880
- Profit (loss) carried forward +€69,124
up €69,124 (+97.6%), from €70,793 to €139,917
Income statement
- Gross operating margin +€95,007
up €95,007 (+8.3%), from €1.1m to €1.2m
- Staff costs +€85,125
up €85,125 (+25.7%), from €330,664 to €415,789
- Taxes -€43,356
down €43,356 (-18.6%), from €233,605 to €190,249
- Financial income +€20,283
up €20,283 (+264%), from €7,688 to €27,970
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.
Result 2024
€502,035
Gross operating margin
+€95,007
Staff costs
-€85,125
Depreciation
-€3,774
Write-downs
+€11,501
Other operating charges
-€3,406
Financial income
+€20,283
Financial charges
-€681
Taxes
+€43,356
Result 2025
€579,196
raises the resultlowers the result
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.
From operations
-€590,118
Investment
+€280,542
Financing
-€179,220
Cash 2024
€620,648
From operations (derived)
-€590,118
Net result for the year
+€579,196
Depreciation
+€49,783
Receivables after one year
-€1.2m
Stocks and contracts
+€5,294
Receivables within one year
-€218,979
Deferred charges and accrued income
-€25,306
Trade debts
-€27,193
Tax, wage and social debts
+€14,919
Other debts
+€192,169
Investment (derived)
+€280,542
Investment in fixed assets (net)
-€19,458
Current investments
+€300,000
Financing
-€179,220
Contributions, distributions and other
-€179,220
Cash 2025
€131,853
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,334,116 | €3,913,986 | +€579,870 | +17.4% |
| Fixed assets | 21/28 | €165,269 | €134,943 | -€30,326 | -18.3% |
| Tangible fixed assets | 22/27 | €165,269 | €134,943 | -€30,326 | -18.3% |
| Plant, machinery and equipment | 23 | €29,078 | €24,680 | -€4,398 | -15.1% |
| Furniture and vehicles | 24 | €61,824 | €41,116 | -€20,708 | -33.5% |
| Other tangible fixed assets | 26 | €74,367 | €69,147 | -€5,220 | -7.0% |
| Current assets | 29/58 | €3,168,847 | €3,779,043 | +€610,196 | +19.3% |
| Amounts receivable after more than one year | 29 | €105,000 | €1,265,000 | +€1.2m | +1,105% |
| Other amounts receivable | 291 | €105,000 | €1,265,000 | +€1.2m | +1,105% |
| Stocks and contracts in progress | 3 | €1,918,058 | €1,912,764 | -€5,294 | -0.3% |
| Stocks | 30/36 | €1,918,058 | €1,912,764 | -€5,294 | -0.3% |
| Amounts receivable within one year | 40/41 | €218,368 | €437,347 | +€218,979 | +100% |
| Trade receivables | 40 | €148,670 | €209,860 | +€61,191 | +41.2% |
| Other amounts receivable | 41 | €69,698 | €227,487 | +€157,788 | +226% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €620,648 | €131,853 | -€488,795 | -78.8% |
| Deferred charges and accrued income | 490/1 | €6,774 | €32,079 | +€25,306 | +374% |
| Total equity and liabilities | 10/49 | €3,334,116 | €3,913,986 | +€579,870 | +17.4% |
| Equity | 10/15 | €2,845,148 | €3,245,124 | +€399,976 | +14.1% |
| Contributions | 10/11 | €225,538 | €225,538 | = | 0.0% |
| Reserves | 13 | €2,548,817 | €2,879,669 | +€330,852 | +13.0% |
| Tax-exempt reserves | 132 | €55,323 | €55,323 | = | 0.0% |
| Distributable reserves | 133 | €2,493,494 | €2,824,346 | +€330,852 | +13.3% |
| Profit (loss) carried forward | 14 | €70,793 | €139,917 | +€69,124 | +97.6% |
| Amounts payable | 17/49 | €488,968 | €668,862 | +€179,894 | +36.8% |
| Amounts payable within one year | 42/48 | €488,968 | €668,862 | +€179,894 | +36.8% |
| Trade debts | 44 | €130,462 | €103,269 | -€27,193 | -20.8% |
| Suppliers | 440/4 | €130,462 | €103,269 | -€27,193 | -20.8% |
| Taxes, remuneration and social security | 45 | €245,795 | €260,713 | +€14,919 | +6.1% |
| Taxes | 450/3 | €223,756 | €219,318 | -€4,438 | -2.0% |
| Remuneration and social security | 454/9 | €22,038 | €41,395 | +€19,357 | +87.8% |
| Other amounts payable | 47/48 | €112,711 | €304,880 | +€192,169 | +170% |
| Non-recurring operating income | 76A | - | €222 | +€222 | |
| Remuneration, social security and pensions | 62 | €330,664 | €415,789 | +€85,125 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,009 | €49,783 | +€3,774 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,295 | -€205 | -€11,501 | |
| Other operating charges | 640/8 | €24,222 | €27,627 | +€3,406 | +14.1% |
| Gross operating margin | 9900 | €1,140,745 | €1,235,752 | +€95,007 | +8.3% |
| Operating profit (loss) | 9901 | €728,555 | €742,758 | +€14,203 | +1.9% |
| Financial income | 75/76B | €7,688 | €27,970 | +€20,283 | +264% |
| Recurring financial income | 75 | €7,688 | €27,970 | +€20,283 | +264% |
| Financial charges | 65/66B | €602 | €1,283 | +€681 | +113% |
| Recurring financial charges | 65 | €602 | €1,283 | +€681 | +113% |
| Profit (loss) for the period before taxes | 9903 | €735,641 | €769,445 | +€33,805 | +4.6% |
| Income taxes | 67/77 | €233,605 | €190,249 | -€43,356 | -18.6% |
| Profit (loss) for the period | 9904 | €502,035 | €579,196 | +€77,160 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €502,035 | €579,196 | +€77,160 | +15.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 8 November 2026 via checked.be.