Auto's Bart Huybs: 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.
What changed
Auto's Bart Huybs
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,747
2024 · €53,861-€51,114
Equity
€296,794
2024 · €294,047+€2,747
Cash
€1,973
2024 · €5,624-€3,651
Balance sheet total
€956,883
2024 · €896,458+€60,425
Largest movements
Assets
- Stocks and contracts +€61,426
up €61,426 (+12.6%), from €486,093 to €547,519
- Tangible fixed assets -€36,867
down €36,867 (-10.4%), from €354,751 to €317,884
of which Land and buildings: -€22,454
- Current investments +€30,000
up €30,000 (+150.0%), from €20,000 to €50,000
Equity and liabilities
- Short-term financial debts +€41,273
up €41,273 (+18.3%), from €225,000 to €266,273
of which Other loans: +€41,273
- Other debts +€9,615
up €9,615 (+5.6%), from €172,744 to €182,359
Income statement
- Gross operating margin -€46,065
down €46,065 (-20.9%), from €220,175 to €174,110
- Staff costs +€26,616
up €26,616 (+91.9%), from €28,950 to €55,566
- Financial charges -€21,109
down €21,109 (-44.5%), from €47,410 to €26,301
- Taxes -€18,866
down €18,866 (-86.4%), from €21,831 to €2,965
- Financial income -€11,967
down €11,967 (-62.0%), from €19,301 to €7,334
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
€53,861
Gross operating margin
-€46,065
Staff costs
-€26,616
Depreciation
-€5,964
Other operating charges
-€1,342
Other operating items
+€864
Financial income
-€11,967
Financial charges
+€21,109
Taxes
+€18,866
Result 2025
€2,747
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
+€21,066
Investment
-€72,831
Financing
+€48,115
Cash 2024
€5,624
From operations (derived)
+€21,066
Net result for the year
+€2,747
Depreciation
+€79,698
Stocks and contracts
-€61,426
Receivables within one year
-€9,517
Trade debts
-€7,624
Tax, wage and social debts
+€7,572
Other debts
+€9,615
Investment (derived)
-€72,831
Investment in fixed assets (net)
-€42,831
Current investments
-€30,000
Financing
+€48,115
Debts after one year
+€5,048
Current portion of long-term debt
+€1,793
Short-term financial debts
+€41,273
Cash 2025
€1,973
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €896,458 | €956,883 | +€60,425 | +6.7% |
| Fixed assets | 21/28 | €361,251 | €324,384 | -€36,867 | -10.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €354,751 | €317,884 | -€36,867 | -10.4% |
| Land and buildings | 22 | €159,048 | €136,593 | -€22,454 | -14.1% |
| Plant, machinery and equipment | 23 | €111,155 | €92,573 | -€18,582 | -16.7% |
| Furniture and vehicles | 24 | €11,706 | €34,086 | +€22,380 | +191.2% |
| Leasing and similar rights | 25 | €72,843 | €54,632 | -€18,211 | -25.0% |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €535,207 | €632,498 | +€97,292 | +18.2% |
| Stocks and contracts in progress | 3 | €486,093 | €547,519 | +€61,426 | +12.6% |
| Stocks | 30/36 | €486,093 | €547,519 | +€61,426 | +12.6% |
| Amounts receivable within one year | 40/41 | €23,490 | €33,007 | +€9,517 | +40.5% |
| Trade receivables | 40 | €20,321 | €15,972 | -€4,349 | -21.4% |
| Other amounts receivable | 41 | €3,169 | €17,035 | +€13,866 | +437.6% |
| Current investments | 50/53 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €5,624 | €1,973 | -€3,651 | -64.9% |
| Total equity and liabilities | 10/49 | €896,458 | €956,883 | +€60,425 | +6.7% |
| Equity | 10/15 | €294,047 | €296,794 | +€2,747 | +0.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €232,074 | €234,821 | +€2,747 | +1.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €225,877 | €228,624 | +€2,747 | +1.2% |
| Amounts payable | 17/49 | €602,411 | €660,088 | +€57,678 | +9.6% |
| Amounts payable after more than one year | 17 | €114,230 | €119,279 | +€5,048 | +4.4% |
| Financial debts | 170/4 | €114,230 | €119,279 | +€5,048 | +4.4% |
| Amounts payable within one year | 42/48 | €488,180 | €540,810 | +€52,629 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €46,923 | €48,716 | +€1,793 | +3.8% |
| Financial debts | 43 | €225,000 | €266,273 | +€41,273 | +18.3% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Other loans | 439 | - | €41,273 | +€41,273 | |
| Trade debts | 44 | €22,201 | €14,576 | -€7,624 | -34.3% |
| Suppliers | 440/4 | €22,201 | €14,576 | -€7,624 | -34.3% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,313 | €27,885 | +€7,572 | +37.3% |
| Taxes | 450/3 | €18,991 | €22,981 | +€3,990 | +21.0% |
| Remuneration and social security | 454/9 | €1,322 | €4,904 | +€3,582 | +271.1% |
| Other amounts payable | 47/48 | €172,744 | €182,359 | +€9,615 | +5.6% |
| Non-recurring operating income | 76A | €4,200 | €700 | -€3,500 | -83.3% |
| Remuneration, social security and pensions | 62 | €28,950 | €55,566 | +€26,616 | +91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,735 | €79,698 | +€5,964 | +8.1% |
| Other operating charges | 640/8 | €12,374 | €13,717 | +€1,342 | +10.8% |
| Non-recurring operating charges | 66A | €1,314 | €450 | -€864 | -65.7% |
| Gross operating margin | 9900 | €220,175 | €174,110 | -€46,065 | -20.9% |
| Operating profit (loss) | 9901 | €103,802 | €24,679 | -€79,123 | -76.2% |
| Financial income | 75/76B | €19,301 | €7,334 | -€11,967 | -62.0% |
| Recurring financial income | 75 | €19,301 | €7,334 | -€11,967 | -62.0% |
| Financial charges | 65/66B | €47,410 | €26,301 | -€21,109 | -44.5% |
| Recurring financial charges | 65 | €47,410 | €26,301 | -€21,109 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €75,693 | €5,712 | -€69,981 | -92.5% |
| Income taxes | 67/77 | €21,831 | €2,965 | -€18,866 | -86.4% |
| Profit (loss) for the period | 9904 | €53,861 | €2,747 | -€51,114 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,861 | €2,747 | -€51,114 | -94.9% |
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 9 October 2026 via checked.be.