GEELS AUTOCENTER: 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
GEELS AUTOCENTER
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€824,623
2024 · -€393,952+€1.2m
Equity
€595,409
2024 · -€229,215+€824,623
Cash
€232,217
2024 · €119,609+€112,608
Balance sheet total
€4.8m
2024 · €5.9m-€1.0m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-36.8%), from €3.4m to €2.2m
of which Trade receivables: -€1.3m
- Stocks and contracts +€119,362
up €119,362 (+5.4%), from €2.2m to €2.3m
- Cash +€112,608
up €112,608 (+94.1%), from €119,609 to €232,217
mainly Receivables within one year (+€1.3m) and Advances received (+€1.0m)
Equity and liabilities
- Trade debts -€2.2m
down €2.2m (-74.6%), from €2.9m to €736,213
- Advances received +€1.0m
up €1.0m (+195%), from €521,616 to €1.5m
- Reserves +€566,841
up €566,841 (+5,682%), from €9,976 to €576,817
of which Distributable reserves: +€566,841
- Tax, wage and social debts -€541,336
down €541,336 (-33.4%), from €1.6m to €1.1m
of which Taxes: -€538,673
- Profit (loss) carried forward +€257,783
up €257,783, from -€257,783 to €0
Income statement
- Other operating charges -€651,465
down €651,465 (-89.4%), from €728,723 to €77,258
- Financial charges -€379,578
down €379,578 (-81.1%), from €467,899 to €88,320
- Gross operating margin -€322,994
down €322,994 (-17.8%), from €1.8m to €1.5m
- Provisions -€285,813
down €285,813, from €108,688 to -€177,125
- Taxes -€281,725
down €281,725 (-46.4%), from €607,297 to €325,572
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
-€393,952
Gross operating margin
-€322,994
Staff costs
-€52,009
Depreciation
-€2,686
Write-downs
-€6,211
Provisions
+€285,813
Other operating charges
+€651,465
Other operating items
+€7,839
Financial income
-€3,945
Financial charges
+€379,578
Taxes
+€281,725
Result 2025
€824,623
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
+€136,961
Investment
-€15,110
Financing
-€9,243
Cash 2024
€119,609
From operations (derived)
+€136,961
Net result for the year
+€824,623
Depreciation
+€35,206
Stocks and contracts
-€119,362
Receivables within one year
+€1.3m
Smaller working-capital items
-€3,014
Provisions
-€177,125
Trade debts
-€2.2m
Tax, wage and social debts
-€541,336
Advances received
+€1.0m
Investment (derived)
-€15,110
Investment in fixed assets (net)
-€15,110
Financing
-€9,243
Debts after one year
-€85,470
Current portion of long-term debt
-€22,539
Short-term financial debts
+€98,766
Cash 2025
€232,217
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,887,775 | €4,842,609 | -€1.0m | -17.8% |
| Fixed assets | 21/28 | €145,703 | €125,607 | -€20,097 | -13.8% |
| Intangible fixed assets | 21 | €20,837 | €21,570 | +€733 | +3.5% |
| Tangible fixed assets | 22/27 | €124,417 | €103,586 | -€20,830 | -16.7% |
| Land and buildings | 22 | €13,357 | €11,848 | -€1,509 | -11.3% |
| Plant, machinery and equipment | 23 | €8,422 | €8,917 | +€494 | +5.9% |
| Furniture and vehicles | 24 | €11,817 | €8,494 | -€3,323 | -28.1% |
| Other tangible fixed assets | 26 | €90,819 | €74,327 | -€16,493 | -18.2% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €5,742,072 | €4,717,002 | -€1.0m | -17.9% |
| Stocks and contracts in progress | 3 | €2,194,506 | €2,313,867 | +€119,362 | +5.4% |
| Stocks | 30/36 | €2,194,506 | €2,313,867 | +€119,362 | +5.4% |
| Amounts receivable within one year | 40/41 | €3,423,314 | €2,165,067 | -€1.3m | -36.8% |
| Trade receivables | 40 | €3,419,382 | €2,161,134 | -€1.3m | -36.8% |
| Other amounts receivable | 41 | €3,933 | €3,933 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,609 | €232,217 | +€112,608 | +94.1% |
| Deferred charges and accrued income | 490/1 | €4,643 | €5,851 | +€1,208 | +26.0% |
| Total equity and liabilities | 10/49 | €5,887,775 | €4,842,609 | -€1.0m | -17.8% |
| Equity | 10/15 | -€229,215 | €595,409 | +€824,623 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,976 | €576,817 | +€566,841 | +5,682% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,976 | €9,976 | = | 0.0% |
| Distributable reserves | 133 | €0 | €566,841 | +€566,841 | |
| Profit (loss) carried forward | 14 | -€257,783 | €0 | +€257,783 | |
| Provisions and deferred taxes | 16 | €260,650 | €83,525 | -€177,125 | -68.0% |
| Provisions for liabilities and charges | 160/5 | €260,650 | €83,525 | -€177,125 | -68.0% |
| Other liabilities and charges | 164/5 | €260,650 | €83,525 | -€177,125 | -68.0% |
| Amounts payable | 17/49 | €5,856,340 | €4,163,675 | -€1.7m | -28.9% |
| Amounts payable after more than one year | 17 | €109,078 | €23,608 | -€85,470 | -78.4% |
| Financial debts | 170/4 | €109,078 | €23,608 | -€85,470 | -78.4% |
| Amounts payable within one year | 42/48 | €5,747,262 | €4,140,068 | -€1.6m | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €32,539 | €10,000 | -€22,539 | -69.3% |
| Financial debts | 43 | €400,000 | €498,766 | +€98,766 | +24.7% |
| Credit institutions | 430/8 | €400,000 | €498,766 | +€98,766 | +24.7% |
| Trade debts | 44 | €2,896,183 | €736,213 | -€2.2m | -74.6% |
| Suppliers | 440/4 | €2,896,183 | €736,213 | -€2.2m | -74.6% |
| Advances received on contracts in progress | 46 | €521,616 | €1,541,306 | +€1.0m | +195% |
| Taxes, remuneration and social security | 45 | €1,622,018 | €1,080,682 | -€541,336 | -33.4% |
| Taxes | 450/3 | €1,571,842 | €1,033,169 | -€538,673 | -34.3% |
| Remuneration and social security | 454/9 | €50,175 | €47,513 | -€2,663 | -5.3% |
| Other amounts payable | 47/48 | €274,907 | €273,101 | -€1,806 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €258,882 | €310,891 | +€52,009 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,520 | €35,206 | +€2,686 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,211 | +€6,211 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €108,688 | -€177,125 | -€285,813 | |
| Other operating charges | 640/8 | €728,723 | €77,258 | -€651,465 | -89.4% |
| Non-recurring operating charges | 66A | €7,839 | €0 | -€7,839 | -100% |
| Gross operating margin | 9900 | €1,813,913 | €1,490,919 | -€322,994 | -17.8% |
| Operating profit (loss) | 9901 | €677,260 | €1,238,477 | +€561,216 | +82.9% |
| Financial income | 75/76B | €3,984 | €39 | -€3,945 | -99.0% |
| Recurring financial income | 75 | €3,984 | €39 | -€3,945 | -99.0% |
| Financial charges | 65/66B | €467,899 | €88,320 | -€379,578 | -81.1% |
| Recurring financial charges | 65 | €467,899 | €88,320 | -€379,578 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €213,346 | €1,150,196 | +€936,850 | +439% |
| Income taxes | 67/77 | €607,297 | €325,572 | -€281,725 | -46.4% |
| Profit (loss) for the period | 9904 | -€393,952 | €824,623 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€393,952 | €824,623 | +€1.2m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.