AUTOMOTIVE CONSULTING: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2023 and 2024
Largest movements
- Stocks and contracts +€8,072
up €8,072 (+24.7%), from €32,688 to €40,760
- Receivables within one year +€7,401
up €7,401 (+10.4%), from €70,883 to €78,284
of which Other amounts receivable: +€7,490
- Tangible fixed assets -€3,536
down €3,536 (-35.1%), from €10,071 to €6,535
of which Plant, machinery and equipment: -€4,490
- Profit (loss) carried forward +€30,269
up €30,269 (+207%), from €14,636 to €44,905
- Short-term financial debts -€25,870
down €25,870 (-96.4%), from €26,845 to €975
- Tax, wage and social debts +€4,332
up €4,332 (+10.4%), from €41,512 to €45,844
of which Taxes: +€4,332
- Trade debts +€3,006
up €3,006 (+22.0%), from €13,653 to €16,659
of which Bills of exchange payable: +€6,050
- Gross operating margin +€5,671
up €5,671 (+13.8%), from €41,187 to €46,858
- Taxes +€4,441
up €4,441 (+66.5%), from €6,679 to €11,120
- Other operating charges -€3,806
down €3,806 (-54.4%), from €6,999 to €3,193
- Financial charges -€2,321
down €2,321 (-49.9%), from €4,648 to €2,327
Change in the result, 2023 to 2024
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,906 | €125,643 | +€11,737 | +10.3% |
| Fixed assets | 21/28 | €10,335 | €6,599 | -€3,736 | -36.1% |
| Tangible fixed assets | 22/27 | €10,071 | €6,535 | -€3,536 | -35.1% |
| Plant, machinery and equipment | 23 | €4,490 | - | -€4,490 | |
| Furniture and vehicles | 24 | €412 | €2,384 | +€1,972 | +479% |
| Other tangible fixed assets | 26 | €5,169 | €4,151 | -€1,018 | -19.7% |
| Financial fixed assets | 28 | €264 | €64 | -€200 | -75.8% |
| Current assets | 29/58 | €103,571 | €119,044 | +€15,473 | +14.9% |
| Stocks and contracts in progress | 3 | €32,688 | €40,760 | +€8,072 | +24.7% |
| Stocks | 30/36 | €32,688 | €40,760 | +€8,072 | +24.7% |
| Amounts receivable within one year | 40/41 | €70,883 | €78,284 | +€7,401 | +10.4% |
| Trade receivables | 40 | €32,445 | €32,356 | -€89 | -0.3% |
| Other amounts receivable | 41 | €38,438 | €45,928 | +€7,490 | +19.5% |
| Total equity and liabilities | 10/49 | €113,906 | €125,643 | +€11,737 | +10.3% |
| Equity | 10/15 | €28,896 | €59,165 | +€30,269 | +105% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,636 | €44,905 | +€30,269 | +207% |
| Amounts payable | 17/49 | €85,010 | €66,478 | -€18,532 | -21.8% |
| Amounts payable within one year | 42/48 | €85,010 | €66,478 | -€18,532 | -21.8% |
| Financial debts | 43 | €26,845 | €975 | -€25,870 | -96.4% |
| Credit institutions | 430/8 | €26,845 | €975 | -€25,870 | -96.4% |
| Trade debts | 44 | €13,653 | €16,659 | +€3,006 | +22.0% |
| Suppliers | 440/4 | €13,653 | €10,609 | -€3,044 | -22.3% |
| Bills of exchange payable | 441 | - | €6,050 | +€6,050 | |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €41,512 | €45,844 | +€4,332 | +10.4% |
| Taxes | 450/3 | €39,812 | €44,144 | +€4,332 | +10.9% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,310 | +€3,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €1,465 | +€24 | +1.7% |
| Other operating charges | 640/8 | €6,999 | €3,193 | -€3,806 | -54.4% |
| Non-recurring operating charges | 66A | - | €835 | +€835 | |
| Gross operating margin | 9900 | €41,187 | €46,858 | +€5,671 | +13.8% |
| Operating profit (loss) | 9901 | €32,747 | €41,365 | +€8,618 | +26.3% |
| Financial income | 75/76B | €1,896 | €2,351 | +€455 | +24.0% |
| Recurring financial income | 75 | €1,863 | €2,351 | +€488 | +26.2% |
| Non-recurring financial income | 76B | €33 | - | -€33 | |
| Financial charges | 65/66B | €4,648 | €2,327 | -€2,321 | -49.9% |
| Recurring financial charges | 65 | €4,648 | €2,327 | -€2,321 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €29,995 | €41,389 | +€11,394 | +38.0% |
| Income taxes | 67/77 | €6,679 | €11,120 | +€4,441 | +66.5% |
| Profit (loss) for the period | 9904 | €23,316 | €30,269 | +€6,953 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,316 | €30,269 | +€6,953 | +29.8% |
Value
latest balance sheet 31-12-2024 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €118,628 · 50% capitalised earnings, 50% adjusted equity
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- €59,165
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- €59,165
Capitalised earnings
- 2024
- €30,269
- excluding non-recurring income and charges
- €27,794
- 2023
- €23,316
- excluding non-recurring income and charges
- €23,283
- 2022
- -€585
- excluding non-recurring income and charges
- €13,035
- 2021
- -€201
- 2020
- €13,418
- Average result, excluding non-recurring income and charges
- €21,371
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- €152,650 / €178,092 / €213,710
Your EBITDA multiple
- EBITDA 2024
- €42,830
- Net financial debt
- €975
- Your multiple
- -
- Value with your multiple
- -
These accounts do not break down the debts after one year. They count in full as financial debt.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 9 November 2026 via checked.be.