AR AUTOMOBILE: 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.
AR AUTOMOBILE
Largest movements
- Receivables within one year +€184,212
up €184,212 (+111%), from €165,232 to €349,444
of which Trade receivables: +€128,792
- Stocks and contracts -€120,378
down €120,378 (-26.0%), from €462,147 to €341,769
- Tangible fixed assets -€66,652
down €66,652 (-7.7%), from €862,867 to €796,214
of which Land and buildings: -€51,993
- Profit (loss) carried forward +€88,222
up €88,222 (+16.7%), from €527,806 to €616,029
- Debts after one year -€55,768
down €55,768 (-18.4%), from €303,730 to €247,962
- Other debts -€24,056
no longer reported in 2025 (was €24,056)
- Tax, wage and social debts -€21,731
down €21,731 (-15.0%), from €144,427 to €122,696
of which Taxes: -€21,112
- Gross operating margin +€94,416
up €94,416 (+11.3%), from €836,344 to €930,760
- Staff costs +€74,671
up €74,671 (+12.4%), from €604,328 to €678,999
- Financial charges -€25,500
down €25,500 (-76.3%), from €33,425 to €7,925
- Other operating charges +€12,310
up €12,310 (+96.9%), from €12,708 to €25,018
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 | €1,658,860 | €1,642,641 | -€16,218 | -1.0% |
| Fixed assets | 21/28 | €862,867 | €796,214 | -€66,652 | -7.7% |
| Tangible fixed assets | 22/27 | €862,867 | €796,214 | -€66,652 | -7.7% |
| Land and buildings | 22 | €760,297 | €708,304 | -€51,993 | -6.8% |
| Plant, machinery and equipment | 23 | €54,028 | €37,813 | -€16,215 | -30.0% |
| Furniture and vehicles | 24 | €48,542 | €50,097 | +€1,555 | +3.2% |
| Current assets | 29/58 | €795,993 | €846,427 | +€50,434 | +6.3% |
| Stocks and contracts in progress | 3 | €462,147 | €341,769 | -€120,378 | -26.0% |
| Stocks | 30/36 | €462,147 | €341,769 | -€120,378 | -26.0% |
| Amounts receivable within one year | 40/41 | €165,232 | €349,444 | +€184,212 | +111% |
| Trade receivables | 40 | €165,232 | €294,024 | +€128,792 | +77.9% |
| Other amounts receivable | 41 | - | €55,419 | +€55,419 | |
| Cash at bank and in hand | 54/58 | €168,614 | €154,382 | -€14,232 | -8.4% |
| Deferred charges and accrued income | 490/1 | - | €832 | +€832 | |
| Total equity and liabilities | 10/49 | €1,658,860 | €1,642,641 | -€16,218 | -1.0% |
| Equity | 10/15 | €727,231 | €815,454 | +€88,222 | +12.1% |
| Contributions | 10/11 | €73,700 | €73,700 | = | 0.0% |
| Reserves | 13 | €125,725 | €125,725 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,125 | €90,125 | = | 0.0% |
| Distributable reserves | 133 | €35,600 | €35,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €527,806 | €616,029 | +€88,222 | +16.7% |
| Amounts payable | 17/49 | €931,628 | €827,188 | -€104,441 | -11.2% |
| Amounts payable after more than one year | 17 | €303,730 | €247,962 | -€55,768 | -18.4% |
| Financial debts | 170/4 | €303,730 | €247,962 | -€55,768 | -18.4% |
| Amounts payable within one year | 42/48 | €627,899 | €579,226 | -€48,673 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €69,744 | €65,768 | -€3,976 | -5.7% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €239,673 | €240,762 | +€1,089 | +0.5% |
| Suppliers | 440/4 | €239,673 | €240,762 | +€1,089 | +0.5% |
| Taxes, remuneration and social security | 45 | €144,427 | €122,696 | -€21,731 | -15.0% |
| Taxes | 450/3 | €66,367 | €45,256 | -€21,112 | -31.8% |
| Remuneration and social security | 454/9 | €78,059 | €77,440 | -€619 | -0.8% |
| Other amounts payable | 47/48 | €24,056 | - | -€24,056 | |
| Remuneration, social security and pensions | 62 | €604,328 | €678,999 | +€74,671 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,361 | €101,047 | +€8,686 | +9.4% |
| Other operating charges | 640/8 | €12,708 | €25,018 | +€12,310 | +96.9% |
| Gross operating margin | 9900 | €836,344 | €930,760 | +€94,416 | +11.3% |
| Operating profit (loss) | 9901 | €126,947 | €125,696 | -€1,252 | -1.0% |
| Financial income | 75/76B | €2,260 | €3,601 | +€1,341 | +59.4% |
| Recurring financial income | 75 | €2,260 | €3,601 | +€1,341 | +59.4% |
| Financial charges | 65/66B | €33,425 | €7,925 | -€25,500 | -76.3% |
| Recurring financial charges | 65 | €33,425 | €7,925 | -€25,500 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €95,782 | €121,371 | +€25,590 | +26.7% |
| Income taxes | 67/77 | €28,209 | €33,149 | +€4,940 | +17.5% |
| Profit (loss) for the period | 9904 | €67,573 | €88,222 | +€20,650 | +30.6% |
| Transfer to tax-exempt reserves | 689 | €52,625 | - | -€52,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,948 | €88,222 | +€73,275 | +490% |
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 31 October 2026 via checked.be.