INVEST GARAGE: 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.
INVEST GARAGE
Largest movements
- Tangible fixed assets +€338,722
up €338,722 (+124%), from €272,072 to €610,794
- Stocks and contracts -€47,499
down €47,499 (-79.2%), from €60,000 to €12,501
- Receivables within one year +€13,155
up €13,155 (+1,241%), from €1,060 to €14,215
of which Other amounts receivable: +€13,871
- Cash -€8,794
down €8,794 (-28.0%), from €31,451 to €22,657
mainly Investment in fixed assets (net) (-€355,042) and Receivables within one year (-€13,155)
- Debts after one year +€229,643
up €229,643 (+75.9%), from €302,723 to €532,366
- Trade debts +€32,593
up €32,593 (+2,532%), from €1,287 to €33,880
- Profit (loss) carried forward +€18,448
up €18,448 (+102%), from €18,139 to €36,587
- Current portion of long-term debt +€14,234
up €14,234 (+240%), from €5,928 to €20,162
- Gross operating margin +€73,697
up €73,697 (+299%), from €24,619 to €98,317
- Other operating charges +€45,643
up €45,643 (+71,541%), from €64 to €45,707
- Depreciation +€12,271
up €12,271 (+303%), from €4,048 to €16,320
- Financial charges +€4,160
up €4,160 (+42.5%), from €9,786 to €13,946
- Taxes +€1,744
up €1,744 (+81.1%), from €2,152 to €3,896
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 | €365,419 | €661,159 | +€295,740 | +80.9% |
| Fixed assets | 21/28 | €272,072 | €610,794 | +€338,722 | +124% |
| Tangible fixed assets | 22/27 | €272,072 | €610,794 | +€338,722 | +124% |
| Land and buildings | 22 | €272,072 | €610,794 | +€338,722 | +124% |
| Current assets | 29/58 | €93,347 | €50,365 | -€42,982 | -46.0% |
| Stocks and contracts in progress | 3 | €60,000 | €12,501 | -€47,499 | -79.2% |
| Stocks | 30/36 | €60,000 | €12,501 | -€47,499 | -79.2% |
| Amounts receivable within one year | 40/41 | €1,060 | €14,215 | +€13,155 | +1,241% |
| Trade receivables | 40 | €716 | - | -€716 | |
| Other amounts receivable | 41 | €344 | €14,215 | +€13,871 | +4,032% |
| Cash at bank and in hand | 54/58 | €31,451 | €22,657 | -€8,794 | -28.0% |
| Deferred charges and accrued income | 490/1 | €837 | €992 | +€156 | +18.6% |
| Total equity and liabilities | 10/49 | €365,419 | €661,159 | +€295,740 | +80.9% |
| Equity | 10/15 | €23,139 | €41,587 | +€18,448 | +79.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,139 | €36,587 | +€18,448 | +102% |
| Amounts payable | 17/49 | €342,280 | €619,572 | +€277,292 | +81.0% |
| Amounts payable after more than one year | 17 | €302,723 | €532,366 | +€229,643 | +75.9% |
| Financial debts | 170/4 | €302,723 | €532,366 | +€229,643 | +75.9% |
| Amounts payable within one year | 42/48 | €39,091 | €87,206 | +€48,116 | +123% |
| Current portion of amounts payable after more than one year | 42 | €5,928 | €20,162 | +€14,234 | +240% |
| Trade debts | 44 | €1,287 | €33,880 | +€32,593 | +2,532% |
| Suppliers | 440/4 | €1,287 | €33,880 | +€32,593 | +2,532% |
| Taxes, remuneration and social security | 45 | €5,011 | €6,048 | +€1,037 | +20.7% |
| Taxes | 450/3 | €5,011 | €6,048 | +€1,037 | +20.7% |
| Other amounts payable | 47/48 | €26,864 | €27,116 | +€252 | +0.9% |
| Accrued charges and deferred income | 492/3 | €467 | - | -€467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,048 | €16,320 | +€12,271 | +303% |
| Other operating charges | 640/8 | €64 | €45,707 | +€45,643 | +71,541% |
| Gross operating margin | 9900 | €24,619 | €98,317 | +€73,697 | +299% |
| Operating profit (loss) | 9901 | €20,507 | €36,290 | +€15,783 | +77.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,500% |
| Financial charges | 65/66B | €9,786 | €13,946 | +€4,160 | +42.5% |
| Recurring financial charges | 65 | €9,786 | €13,946 | +€4,160 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €10,721 | €22,344 | +€11,623 | +108% |
| Income taxes | 67/77 | €2,152 | €3,896 | +€1,744 | +81.1% |
| Profit (loss) for the period | 9904 | €8,569 | €18,448 | +€9,878 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €8,569 | €18,448 | +€9,878 | +115% |
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.