A&D CARS: what changed
A&D CARS
Largest movements
- Cash -€41,108
down €41,108 (-95.5%), from €43,034 to €1,926
mainly Net result for the year (-€54,171) and Trade debts (-€8,473)
- Stocks and contracts +€6,832
up €6,832 (+6.1%), from €111,168 to €118,000
- Tangible fixed assets -€3,164
down €3,164 (-25.3%), from €12,488 to €9,324
- Receivables within one year -€2,727
down €2,727 (-7.2%), from €37,700 to €34,973
of which Trade receivables: -€18,884
- Profit (loss) carried forward -€54,171
down €54,171 (-76.2%), from -€71,069 to -€125,240
- Other debts +€26,043
up €26,043 (+10.9%), from €239,480 to €265,523
- Trade debts -€8,473
down €8,473 (-53.0%), from €15,977 to €7,504
- Tax, wage and social debts -€5,602
down €5,602 (-78.3%), from €7,158 to €1,555
- Gross operating margin -€36,121
down €36,121 (-361%), from -€10,003 to -€46,125
- Other operating charges +€1,660
up €1,660 (+96.2%), from €1,725 to €3,386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,146 | €167,943 | -€42,204 | -20.1% |
| Fixed assets | 21/28 | €12,613 | €9,449 | -€3,164 | -25.1% |
| Tangible fixed assets | 22/27 | €12,488 | €9,324 | -€3,164 | -25.3% |
| Plant, machinery and equipment | 23 | €1,367 | €726 | -€641 | -46.9% |
| Furniture and vehicles | 24 | €4,640 | €3,170 | -€1,470 | -31.7% |
| Other tangible fixed assets | 26 | €6,481 | €5,429 | -€1,052 | -16.2% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €197,534 | €158,493 | -€39,040 | -19.8% |
| Stocks and contracts in progress | 3 | €111,168 | €118,000 | +€6,832 | +6.1% |
| Stocks | 30/36 | €111,168 | €118,000 | +€6,832 | +6.1% |
| Amounts receivable within one year | 40/41 | €37,700 | €34,973 | -€2,727 | -7.2% |
| Trade receivables | 40 | €37,700 | €18,816 | -€18,884 | -50.1% |
| Other amounts receivable | 41 | - | €16,157 | +€16,157 | |
| Cash at bank and in hand | 54/58 | €43,034 | €1,926 | -€41,108 | -95.5% |
| Deferred charges and accrued income | 490/1 | €5,633 | €3,595 | -€2,038 | -36.2% |
| Total equity and liabilities | 10/49 | €210,146 | €167,943 | -€42,204 | -20.1% |
| Equity | 10/15 | -€52,469 | -€106,640 | -€54,171 | -103% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,069 | -€125,240 | -€54,171 | -76.2% |
| Amounts payable | 17/49 | €262,615 | €274,582 | +€11,967 | +4.6% |
| Amounts payable within one year | 42/48 | €262,615 | €274,582 | +€11,967 | +4.6% |
| Trade debts | 44 | €15,977 | €7,504 | -€8,473 | -53.0% |
| Suppliers | 440/4 | €15,977 | €7,504 | -€8,473 | -53.0% |
| Taxes, remuneration and social security | 45 | €7,158 | €1,555 | -€5,602 | -78.3% |
| Taxes | 450/3 | €7,158 | €1,555 | -€5,602 | -78.3% |
| Other amounts payable | 47/48 | €239,480 | €265,523 | +€26,043 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,402 | €3,164 | -€238 | -7.0% |
| Other operating charges | 640/8 | €1,725 | €3,386 | +€1,660 | +96.2% |
| Gross operating margin | 9900 | -€10,003 | -€46,125 | -€36,121 | -361% |
| Operating profit (loss) | 9901 | -€15,130 | -€52,674 | -€37,543 | -248% |
| Financial income | 75/76B | €5 | €24 | +€19 | +386% |
| Recurring financial income | 75 | €5 | €24 | +€19 | +386% |
| Financial charges | 65/66B | €1,270 | €1,381 | +€110 | +8.7% |
| Recurring financial charges | 65 | €1,270 | €1,381 | +€110 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,396 | -€54,030 | -€37,635 | -230% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€16,535 | -€54,171 | -€37,636 | -228% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,535 | -€54,171 | -€37,636 | -228% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.