AR CARS: what changed
AR CARS
Largest movements
- Cash +€48,091
up €48,091 (+252%), from €19,067 to €67,158
mainly Receivables within one year (+€36,296) and Net result for the year (+€32,576)
- Receivables within one year -€36,296
down €36,296 (-43.7%), from €83,132 to €46,836
- Tangible fixed assets -€10,844
down €10,844 (-34.9%), from €31,093 to €20,249
of which Furniture and vehicles: -€7,776
- Trade debts -€39,672
down €39,672 (-75.8%), from €52,360 to €12,688
- Profit (loss) carried forward +€32,576
up €32,576 (+55.2%), from €58,998 to €91,574
- Tax, wage and social debts +€13,876
up €13,876 (+233%), from €5,954 to €19,830
- Accrued charges and deferred income -€3,500
no longer reported in 2025 (was €3,500)
- Other debts -€2,045
down €2,045 (-32.1%), from €6,368 to €4,323
- Gross operating margin +€30,641
up €30,641 (+101%), from €30,478 to €61,119
- Taxes +€9,212
up €9,212 (+308%), from €2,990 to €12,202
- Staff costs +€2,044
new in 2025: €2,044
- Depreciation -€1,910
down €1,910 (-13.1%), from €14,607 to €12,697
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 | €144,304 | €144,775 | +€471 | +0.3% |
| Fixed assets | 21/28 | €31,093 | €20,249 | -€10,844 | -34.9% |
| Tangible fixed assets | 22/27 | €31,093 | €20,249 | -€10,844 | -34.9% |
| Plant, machinery and equipment | 23 | €10,263 | €7,195 | -€3,068 | -29.9% |
| Furniture and vehicles | 24 | €20,830 | €13,054 | -€7,776 | -37.3% |
| Current assets | 29/58 | €113,211 | €124,526 | +€11,315 | +10.0% |
| Stocks and contracts in progress | 3 | €8,870 | €8,870 | = | 0.0% |
| Stocks | 30/36 | €8,870 | €8,870 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,132 | €46,836 | -€36,296 | -43.7% |
| Trade receivables | 40 | €83,132 | €46,836 | -€36,296 | -43.7% |
| Cash at bank and in hand | 54/58 | €19,067 | €67,158 | +€48,091 | +252% |
| Deferred charges and accrued income | 490/1 | €2,142 | €1,662 | -€480 | -22.4% |
| Total equity and liabilities | 10/49 | €144,304 | €144,775 | +€471 | +0.3% |
| Equity | 10/15 | €75,358 | €107,934 | +€32,576 | +43.2% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Contributions outside capital | 11 | €14,500 | €14,500 | = | 0.0% |
| Share premium | 1100/10 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,998 | €91,574 | +€32,576 | +55.2% |
| Amounts payable | 17/49 | €68,946 | €36,841 | -€32,105 | -46.6% |
| Amounts payable within one year | 42/48 | €65,446 | €36,841 | -€28,605 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €764 | - | -€764 | |
| Trade debts | 44 | €52,360 | €12,688 | -€39,672 | -75.8% |
| Suppliers | 440/4 | €52,360 | €12,688 | -€39,672 | -75.8% |
| Taxes, remuneration and social security | 45 | €5,954 | €19,830 | +€13,876 | +233% |
| Taxes | 450/3 | €5,954 | €19,830 | +€13,876 | +233% |
| Other amounts payable | 47/48 | €6,368 | €4,323 | -€2,045 | -32.1% |
| Accrued charges and deferred income | 492/3 | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | - | €2,044 | +€2,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,607 | €12,697 | -€1,910 | -13.1% |
| Other operating charges | 640/8 | €869 | €610 | -€259 | -29.8% |
| Gross operating margin | 9900 | €30,478 | €61,119 | +€30,641 | +101% |
| Operating profit (loss) | 9901 | €15,002 | €45,768 | +€30,766 | +205% |
| Financial income | 75/76B | €5 | €376 | +€371 | +7,420% |
| Recurring financial income | 75 | €5 | €376 | +€371 | +7,420% |
| Financial charges | 65/66B | €768 | €1,366 | +€598 | +77.9% |
| Recurring financial charges | 65 | €768 | €1,366 | +€598 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | €14,239 | €44,778 | +€30,539 | +214% |
| Income taxes | 67/77 | €2,990 | €12,202 | +€9,212 | +308% |
| Profit (loss) for the period | 9904 | €11,249 | €32,576 | +€21,327 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €11,249 | €32,576 | +€21,327 | +190% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.