ALL DRIVE: what changed
Two fiscal 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
ALL DRIVE
NACE 77.110, Renting and leasing of cars and light motor vehicles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,510
2024 · €659,193-€636,683
Equity
€1.6m
2024 · €1.6m+€22,510
Cash
€121,989
2024 · €123,003-€1,014
Balance sheet total
€3.7m
2024 · €3.6m+€88,068
Largest movements
Assets
- Tangible fixed assets +€263,656
up €263,656 (+11.6%), from €2.3m to €2.5m
of which Furniture and vehicles: +€271,644
- Receivables within one year -€182,318
down €182,318 (-26.2%), from €695,590 to €513,272
of which Other amounts receivable: -€151,025
Equity and liabilities
- Tax, wage and social debts -€154,240
down €154,240 (-36.9%), from €418,386 to €264,146
of which Remuneration and social security: -€89,250
- Debts after one year +€128,662
up €128,662 (+13.8%), from €931,332 to €1.1m
of which Other amounts payable: +€184,042
- Trade debts +€75,774
up €75,774 (+49.5%), from €152,952 to €228,725
- Provisions -€61,278
down €61,278 (-100.0%), from €61,278 to €0
- Other debts +€49,366
up €49,366, from €0 to €49,366
Income statement
- Gross operating margin -€299,007
down €299,007 (-10.2%), from €2.9m to €2.6m
- Depreciation +€265,464
up €265,464 (+77.9%), from €340,850 to €606,314
- Staff costs +€152,837
up €152,837 (+9.3%), from €1.6m to €1.8m
- Financial income -€74,730
down €74,730 (-100.0%), from €74,730 to €0
- Taxes -€68,870
down €68,870 (-49.1%), from €140,133 to €71,264
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
€659,193
Gross operating margin
-€299,007
Staff costs
-€152,837
Depreciation
-€265,464
Other operating charges
+€5,061
Other operating items
-€6,798
Financial income
-€74,730
Financial charges
-€34,334
Taxes
+€68,870
Deferred taxes and other
+€122,556
Result 2025
€22,510
Cash bridge derived
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
+€709,952
Investment
-€871,130
Financing
+€160,164
Cash 2024
€123,003
From operations (derived)
+€709,952
Net result for the year
+€22,510
Depreciation
+€606,314
Receivables within one year
+€182,318
Deferred charges and accrued income
-€6,584
Provisions
-€61,278
Trade debts
+€75,774
Tax, wage and social debts
-€154,240
Other debts
+€49,366
Accrued charges and deferred income
-€4,229
Investment (derived)
-€871,130
Investment in fixed assets (net)
-€871,130
Financing
+€160,164
Debts after one year
+€128,662
Current portion of long-term debt
+€5,221
Short-term financial debts
+€26,282
Cash 2025
€121,989
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,577,373 | €3,665,441 | +€88,068 | +2.5% |
| Fixed assets | 21/28 | €2,685,462 | €2,950,278 | +€264,816 | +9.9% |
| Intangible fixed assets | 21 | - | €1,161 | +€1,161 | |
| Tangible fixed assets | 22/27 | €2,265,081 | €2,528,737 | +€263,656 | +11.6% |
| Land and buildings | 22 | €39,872 | €35,567 | -€4,305 | -10.8% |
| Plant, machinery and equipment | 23 | €42,258 | €31,863 | -€10,395 | -24.6% |
| Furniture and vehicles | 24 | €2,181,965 | €2,453,610 | +€271,644 | +12.4% |
| Other tangible fixed assets | 26 | €985 | €7,697 | +€6,712 | +681.1% |
| Financial fixed assets | 28 | €420,381 | €420,381 | = | 0.0% |
| Current assets | 29/58 | €891,911 | €715,163 | -€176,748 | -19.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €695,590 | €513,272 | -€182,318 | -26.2% |
| Trade receivables | 40 | €457,379 | €426,086 | -€31,293 | -6.8% |
| Other amounts receivable | 41 | €238,211 | €87,187 | -€151,025 | -63.4% |
| Cash at bank and in hand | 54/58 | €123,003 | €121,989 | -€1,014 | -0.8% |
| Deferred charges and accrued income | 490/1 | €73,318 | €79,901 | +€6,584 | +9.0% |
| Total equity and liabilities | 10/49 | €3,577,373 | €3,665,441 | +€88,068 | +2.5% |
| Equity | 10/15 | €1,586,596 | €1,609,106 | +€22,510 | +1.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,286,596 | €1,309,106 | +€22,510 | +1.7% |
| Tax-exempt reserves | 132 | €251,334 | €67,500 | -€183,834 | -73.1% |
| Distributable reserves | 133 | €1,035,262 | €1,241,606 | +€206,344 | +19.9% |
| Provisions and deferred taxes | 16 | €61,278 | €0 | -€61,278 | -100.0% |
| Deferred taxes | 168 | €61,278 | €0 | -€61,278 | -100.0% |
| Amounts payable | 17/49 | €1,929,499 | €2,056,335 | +€126,836 | +6.6% |
| Amounts payable after more than one year | 17 | €931,332 | €1,059,994 | +€128,662 | +13.8% |
| Financial debts | 170/4 | €788,490 | €733,109 | -€55,381 | -7.0% |
| Other amounts payable | 178/9 | €142,843 | €326,885 | +€184,042 | +128.8% |
| Amounts payable within one year | 42/48 | €992,898 | €995,301 | +€2,403 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €377,843 | €383,064 | +€5,221 | +1.4% |
| Financial debts | 43 | €43,718 | €70,000 | +€26,282 | +60.1% |
| Credit institutions | 430/8 | €43,718 | €70,000 | +€26,282 | +60.1% |
| Trade debts | 44 | €152,952 | €228,725 | +€75,774 | +49.5% |
| Suppliers | 440/4 | €152,952 | €228,725 | +€75,774 | +49.5% |
| Taxes, remuneration and social security | 45 | €418,386 | €264,146 | -€154,240 | -36.9% |
| Taxes | 450/3 | €205,784 | €140,794 | -€64,990 | -31.6% |
| Remuneration and social security | 454/9 | €212,602 | €123,352 | -€89,250 | -42.0% |
| Other amounts payable | 47/48 | €0 | €49,366 | +€49,366 | |
| Accrued charges and deferred income | 492/3 | €5,268 | €1,039 | -€4,229 | -80.3% |
| Non-recurring operating income | 76A | €495,341 | €49,541 | -€445,800 | -90.0% |
| Remuneration, social security and pensions | 62 | €1,646,153 | €1,798,990 | +€152,837 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340,850 | €606,314 | +€265,464 | +77.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €45,191 | €40,130 | -€5,061 | -11.2% |
| Non-recurring operating charges | 66A | €79,463 | €86,261 | +€6,798 | +8.6% |
| Gross operating margin | 9900 | €2,924,894 | €2,625,887 | -€299,007 | -10.2% |
| Operating profit (loss) | 9901 | €813,237 | €94,192 | -€719,045 | -88.4% |
| Financial income | 75/76B | €74,730 | €0 | -€74,730 | -100.0% |
| Recurring financial income | 75 | €74,730 | €0 | -€74,730 | -100.0% |
| Financial charges | 65/66B | €27,363 | €61,696 | +€34,334 | +125.5% |
| Recurring financial charges | 65 | €27,363 | €61,696 | +€34,334 | +125.5% |
| Profit (loss) for the period before taxes | 9903 | €860,604 | €32,496 | -€828,108 | -96.2% |
| Transfer from deferred taxes | 780 | €847 | €61,278 | +€60,431 | +7134.7% |
| Transfer to deferred taxes | 680 | €62,125 | €0 | -€62,125 | -100.0% |
| Income taxes | 67/77 | €140,133 | €71,264 | -€68,870 | -49.1% |
| Profit (loss) for the period | 9904 | €659,193 | €22,510 | -€636,683 | -96.6% |
| Transfer from tax-exempt reserves | 789 | €2,541 | €183,834 | +€181,293 | +7134.7% |
| Transfer to tax-exempt reserves | 689 | €186,375 | €0 | -€186,375 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €475,359 | €206,344 | -€269,015 | -56.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.