GARKON: 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.
What changed
GARKON
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€71,583
2024 · €177,801-€106,218
Equity
€4.8m
2024 · €4.8m+€4,083
Cash
€12,959
2024 · €112,491-€99,532
Balance sheet total
€9.4m
2024 · €9.6m-€155,386
Largest movements
Assets
- Cash -€99,532
down €99,532 (-88.5%), from €112,491 to €12,959
mainly Other debts (-€114,209) and Advances received (-€75,343)
Equity and liabilities
- Other debts -€114,209
down €114,209 (-2.8%), from €4.1m to €4.0m
Income statement
- Gross operating margin -€60,511
down €60,511 (-13.4%), from €452,602 to €392,091
- Staff costs +€45,266
up €45,266 (+18.7%), from €241,682 to €286,948
- Taxes -€5,060
down €5,060 (-62.0%), from €8,165 to €3,104
- Depreciation +€4,786
up €4,786 (+22.8%), from €20,950 to €25,736
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.
Result 2024
€177,801
Gross operating margin
-€60,511
Staff costs
-€45,266
Depreciation
-€4,786
Other operating charges
+€256
Other operating items
+€1,032
Financial income
-€1,846
Financial charges
-€157
Taxes
+€5,060
Result 2025
€71,583
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€32,032
Investment
€0
Financing
-€67,500
Cash 2024
€112,491
From operations (derived)
-€32,032
Net result for the year
+€71,583
Depreciation
+€25,736
Receivables within one year
+€30,117
Trade debts
+€53,516
Tax, wage and social debts
-€10,334
Advances received
-€75,343
Other debts
-€114,209
Accrued charges and deferred income
-€13,099
Financing
-€67,500
Contributions, distributions and other
-€67,500
Cash 2025
€12,959
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,571,338 | €9,415,952 | -€155,386 | -1.6% |
| Fixed assets | 21/28 | €7,403,333 | €7,377,597 | -€25,736 | -0.3% |
| Tangible fixed assets | 22/27 | €98,724 | €72,988 | -€25,736 | -26.1% |
| Furniture and vehicles | 24 | €98,724 | €72,988 | -€25,736 | -26.1% |
| Financial fixed assets | 28 | €7,304,609 | €7,304,609 | = | 0.0% |
| Current assets | 29/58 | €2,168,005 | €2,038,355 | -€129,649 | -6.0% |
| Amounts receivable within one year | 40/41 | €2,055,513 | €2,025,396 | -€30,117 | -1.5% |
| Trade receivables | 40 | €231,636 | €323,393 | +€91,757 | +39.6% |
| Other amounts receivable | 41 | €1,823,877 | €1,702,003 | -€121,874 | -6.7% |
| Cash at bank and in hand | 54/58 | €112,491 | €12,959 | -€99,532 | -88.5% |
| Total equity and liabilities | 10/49 | €9,571,338 | €9,415,952 | -€155,386 | -1.6% |
| Equity | 10/15 | €4,810,427 | €4,814,510 | +€4,083 | +0.1% |
| Contributions | 10/11 | €2,910,875 | €2,910,875 | = | 0.0% |
| Capital | 10 | €2,910,875 | €2,910,875 | = | 0.0% |
| Issued capital | 100 | €2,910,875 | €2,910,875 | = | 0.0% |
| Reserves | 13 | €1,899,553 | €1,903,636 | +€4,083 | +0.2% |
| Non-distributable reserves | 130/1 | €166,260 | €166,260 | = | 0.0% |
| Legal reserve | 130 | €166,260 | €166,260 | = | 0.0% |
| Distributable reserves | 133 | €1,733,293 | €1,737,376 | +€4,083 | +0.2% |
| Amounts payable | 17/49 | €4,760,911 | €4,601,442 | -€159,468 | -3.3% |
| Amounts payable within one year | 42/48 | €4,747,812 | €4,601,442 | -€146,369 | -3.1% |
| Trade debts | 44 | €61,916 | €115,432 | +€53,516 | +86.4% |
| Suppliers | 440/4 | €61,916 | €115,432 | +€53,516 | +86.4% |
| Advances received on contracts in progress | 46 | €523,147 | €447,804 | -€75,343 | -14.4% |
| Taxes, remuneration and social security | 45 | €36,512 | €26,179 | -€10,334 | -28.3% |
| Taxes | 450/3 | €5,197 | €8 | -€5,190 | -99.9% |
| Remuneration and social security | 454/9 | €31,315 | €26,171 | -€5,144 | -16.4% |
| Other amounts payable | 47/48 | €4,126,236 | €4,012,027 | -€114,209 | -2.8% |
| Accrued charges and deferred income | 492/3 | €13,099 | - | -€13,099 | |
| Non-recurring operating income | 76A | - | €10,800 | +€10,800 | |
| Remuneration, social security and pensions | 62 | €241,682 | €286,948 | +€45,266 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,950 | €25,736 | +€4,786 | +22.8% |
| Other operating charges | 640/8 | €4,415 | €4,159 | -€256 | -5.8% |
| Non-recurring operating charges | 66A | €1,032 | - | -€1,032 | |
| Gross operating margin | 9900 | €452,602 | €392,091 | -€60,511 | -13.4% |
| Operating profit (loss) | 9901 | €184,523 | €75,248 | -€109,276 | -59.2% |
| Financial income | 75/76B | €1,846 | - | -€1,846 | |
| Recurring financial income | 75 | €1,846 | - | -€1,846 | |
| Financial charges | 65/66B | €403 | €560 | +€157 | +39.0% |
| Recurring financial charges | 65 | €403 | €560 | +€157 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €185,966 | €74,687 | -€111,279 | -59.8% |
| Income taxes | 67/77 | €8,165 | €3,104 | -€5,060 | -62.0% |
| Profit (loss) for the period | 9904 | €177,801 | €71,583 | -€106,218 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €177,801 | €71,583 | -€106,218 | -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 15 October 2026 via checked.be.