GARAGE WILLEMS: 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 WILLEMS
Largest movements
- Stocks and contracts -€51,755
down €51,755 (-30.5%), from €169,582 to €117,827
- Cash -€17,625
down €17,625 (-35.8%), from €49,268 to €31,643
mainly Accrued charges and deferred income (-€25,000) and Short-term financial debts (-€25,000)
- Receivables within one year +€10,742
up €10,742 (+26.3%), from €40,884 to €51,625
of which Trade receivables: +€24,606
- Deferred charges and accrued income +€4,960
up €4,960 (+184%), from €2,689 to €7,650
- Short-term financial debts -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Accrued charges and deferred income -€25,000
no longer reported in 2025 (was €25,000)
- Trade debts -€23,672
down €23,672 (-54.7%), from €43,312 to €19,640
- Reserves +€14,827
up €14,827 (+29.1%), from €50,973 to €65,800
- Other debts +€6,011
up €6,011 (+19.3%), from €31,144 to €37,155
- Other operating charges +€24,883
up €24,883 (+359%), from €6,928 to €31,811
- Gross operating margin +€11,035
up €11,035 (+8.0%), from €137,312 to €148,348
- Financial charges +€5,517
up €5,517 (+160%), from €3,451 to €8,968
- Staff costs -€5,305
down €5,305 (-7.3%), from €73,057 to €67,752
- Taxes +€3,197
up €3,197 (+30.6%), from €10,438 to €13,635
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 | €270,988 | €219,190 | -€51,798 | -19.1% |
| Fixed assets | 21/28 | €8,565 | €10,444 | +€1,879 | +21.9% |
| Tangible fixed assets | 22/27 | €8,565 | €10,444 | +€1,879 | +21.9% |
| Land and buildings | 22 | €3,331 | €5,706 | +€2,375 | +71.3% |
| Plant, machinery and equipment | 23 | €5,000 | €3,248 | -€1,752 | -35.0% |
| Furniture and vehicles | 24 | €233 | €1,490 | +€1,256 | +538% |
| Current assets | 29/58 | €262,423 | €208,746 | -€53,678 | -20.5% |
| Stocks and contracts in progress | 3 | €169,582 | €117,827 | -€51,755 | -30.5% |
| Stocks | 30/36 | €169,582 | €117,827 | -€51,755 | -30.5% |
| Amounts receivable within one year | 40/41 | €40,884 | €51,625 | +€10,742 | +26.3% |
| Trade receivables | 40 | €21,826 | €46,432 | +€24,606 | +113% |
| Other amounts receivable | 41 | €19,058 | €5,193 | -€13,865 | -72.8% |
| Cash at bank and in hand | 54/58 | €49,268 | €31,643 | -€17,625 | -35.8% |
| Deferred charges and accrued income | 490/1 | €2,689 | €7,650 | +€4,960 | +184% |
| Total equity and liabilities | 10/49 | €270,988 | €219,190 | -€51,798 | -19.1% |
| Equity | 10/15 | €52,973 | €67,800 | +€14,827 | +28.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €50,973 | €65,800 | +€14,827 | +29.1% |
| Distributable reserves | 133 | €50,973 | €65,800 | +€14,827 | +29.1% |
| Amounts payable | 17/49 | €218,015 | €151,389 | -€66,625 | -30.6% |
| Amounts payable after more than one year | 17 | €5,943 | €4,748 | -€1,195 | -20.1% |
| Financial debts | 170/4 | €5,943 | €4,748 | -€1,195 | -20.1% |
| Amounts payable within one year | 42/48 | €187,072 | €146,642 | -€40,430 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €1,178 | €1,195 | +€17 | +1.5% |
| Financial debts | 43 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Credit institutions | 430/8 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Trade debts | 44 | €43,312 | €19,640 | -€23,672 | -54.7% |
| Suppliers | 440/4 | €43,312 | €19,640 | -€23,672 | -54.7% |
| Taxes, remuneration and social security | 45 | €11,438 | €13,652 | +€2,214 | +19.4% |
| Taxes | 450/3 | €4,405 | €6,193 | +€1,787 | +40.6% |
| Remuneration and social security | 454/9 | €7,033 | €7,459 | +€426 | +6.1% |
| Other amounts payable | 47/48 | €31,144 | €37,155 | +€6,011 | +19.3% |
| Accrued charges and deferred income | 492/3 | €25,000 | - | -€25,000 | |
| Non-recurring operating income | 76A | €1,570 | €8,589 | +€7,018 | +447% |
| Remuneration, social security and pensions | 62 | €73,057 | €67,752 | -€5,305 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,021 | €6,054 | +€33 | +0.5% |
| Other operating charges | 640/8 | €6,928 | €31,811 | +€24,883 | +359% |
| Non-recurring operating charges | 66A | €5,752 | - | -€5,752 | |
| Gross operating margin | 9900 | €137,312 | €148,348 | +€11,035 | +8.0% |
| Operating profit (loss) | 9901 | €45,554 | €42,731 | -€2,823 | -6.2% |
| Financial income | 75/76B | €6 | €46 | +€41 | +700% |
| Recurring financial income | 75 | €6 | €46 | +€41 | +700% |
| Financial charges | 65/66B | €3,451 | €8,968 | +€5,517 | +160% |
| Recurring financial charges | 65 | €3,451 | €8,968 | +€5,517 | +160% |
| Profit (loss) for the period before taxes | 9903 | €42,109 | €33,810 | -€8,299 | -19.7% |
| Income taxes | 67/77 | €10,438 | €13,635 | +€3,197 | +30.6% |
| Profit (loss) for the period | 9904 | €31,671 | €20,175 | -€11,496 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,671 | €20,175 | -€11,496 | -36.3% |
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 25 October 2026 via checked.be.