RED BARON 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.
RED BARON GARAGE
Largest movements
- Tangible fixed assets -€10,776
down €10,776 (-6.4%), from €168,230 to €157,454
- Cash -€8,351
down €8,351 (-32.9%), from €25,417 to €17,066
mainly Debts after one year (-€11,286) and Receivables within one year (-€5,806)
- Receivables within one year +€5,806
up €5,806 (+396%), from €1,468 to €7,274
of which Trade receivables: +€5,743
- Debts after one year -€11,286
down €11,286 (-12.1%), from €93,028 to €81,742
- Reserves +€4,240
up €4,240 (+24.9%), from €17,035 to €21,275
of which Distributable reserves: +€4,240
- Other debts -€2,355
down €2,355 (-4.2%), from €56,127 to €53,771
- Trade debts -€2,178
down €2,178 (-41.4%), from €5,256 to €3,078
- Gross operating margin +€3,466
up €3,466 (+16.7%), from €20,804 to €24,269
- Taxes +€844
up €844 (+103%), from €823 to €1,667
- Other operating charges +€408
up €408 (+10.3%), from €3,979 to €4,388
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 | €206,674 | €193,355 | -€13,319 | -6.4% |
| Fixed assets | 21/28 | €168,230 | €157,454 | -€10,776 | -6.4% |
| Tangible fixed assets | 22/27 | €168,230 | €157,454 | -€10,776 | -6.4% |
| Land and buildings | 22 | €147,189 | €143,404 | -€3,786 | -2.6% |
| Plant, machinery and equipment | 23 | €14,874 | €12,387 | -€2,487 | -16.7% |
| Furniture and vehicles | 24 | €6,167 | €1,664 | -€4,503 | -73.0% |
| Current assets | 29/58 | €38,444 | €35,901 | -€2,543 | -6.6% |
| Stocks and contracts in progress | 3 | €11,500 | €11,500 | = | 0.0% |
| Stocks | 30/36 | €11,500 | €11,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,468 | €7,274 | +€5,806 | +396% |
| Trade receivables | 40 | €1,291 | €7,034 | +€5,743 | +445% |
| Other amounts receivable | 41 | €177 | €240 | +€63 | +35.6% |
| Cash at bank and in hand | 54/58 | €25,417 | €17,066 | -€8,351 | -32.9% |
| Deferred charges and accrued income | 490/1 | €59 | €61 | +€2 | +3.1% |
| Total equity and liabilities | 10/49 | €206,674 | €193,355 | -€13,319 | -6.4% |
| Equity | 10/15 | €35,635 | €39,875 | +€4,240 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,035 | €21,275 | +€4,240 | +24.9% |
| Non-distributable reserves | 130/1 | €860 | €860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €860 | €860 | = | 0.0% |
| Distributable reserves | 133 | €16,175 | €20,415 | +€4,240 | +26.2% |
| Amounts payable | 17/49 | €171,039 | €153,480 | -€17,559 | -10.3% |
| Amounts payable after more than one year | 17 | €93,028 | €81,742 | -€11,286 | -12.1% |
| Financial debts | 170/4 | €93,028 | €81,742 | -€11,286 | -12.1% |
| Amounts payable within one year | 42/48 | €78,011 | €71,738 | -€6,273 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €13,038 | €11,286 | -€1,752 | -13.4% |
| Trade debts | 44 | €5,256 | €3,078 | -€2,178 | -41.4% |
| Suppliers | 440/4 | €5,256 | €3,078 | -€2,178 | -41.4% |
| Taxes, remuneration and social security | 45 | €3,590 | €3,602 | +€12 | +0.3% |
| Taxes | 450/3 | €3,590 | €1,552 | -€2,038 | -56.8% |
| Remuneration and social security | 454/9 | - | €2,050 | +€2,050 | |
| Other amounts payable | 47/48 | €56,127 | €53,771 | -€2,355 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,996 | €10,776 | -€219 | -2.0% |
| Other operating charges | 640/8 | €3,979 | €4,388 | +€408 | +10.3% |
| Gross operating margin | 9900 | €20,804 | €24,269 | +€3,466 | +16.7% |
| Operating profit (loss) | 9901 | €5,829 | €9,106 | +€3,277 | +56.2% |
| Financial income | 75/76B | €21 | €18 | -€4 | -18.3% |
| Recurring financial income | 75 | €21 | €18 | -€4 | -18.3% |
| Financial charges | 65/66B | €3,446 | €3,216 | -€230 | -6.7% |
| Recurring financial charges | 65 | €3,446 | €3,216 | -€230 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €2,404 | €5,907 | +€3,503 | +146% |
| Income taxes | 67/77 | €823 | €1,667 | +€844 | +103% |
| Profit (loss) for the period | 9904 | €1,581 | €4,240 | +€2,659 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €1,581 | €4,240 | +€2,659 | +168% |
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 14 October 2026 via checked.be.