BEL-CAR: 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
BEL-CAR
NACE 95.314, Bodywork repair (including spraying and painting)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,786
2024 · €17,668-€7,882
Equity
€215,658
2024 · €205,872+€9,786
Cash
€8,530
2024 · €7,390+€1,140
Balance sheet total
€708,421
2024 · €703,655+€4,766
Largest movements
Assets
- Stocks and contracts +€13,686
up €13,686 (+2.9%), from €476,354 to €490,041
- Receivables within one year -€9,027
down €9,027 (-22.7%), from €39,846 to €30,819
Equity and liabilities
- Current portion of long-term debt -€124,004
down €124,004 (-90.3%), from €137,301 to €13,297
- Debts after one year +€113,144
up €113,144 (+1196.7%), from €9,455 to €122,599
of which Financial debts: +€113,144
- Reserves +€10,000
up €10,000 (+5.4%), from €186,750 to €196,750
of which Distributable reserves: +€10,000
Income statement
- Staff costs +€6,194
up €6,194 (+6.4%), from €97,209 to €103,403
- Taxes -€3,004
down €3,004 (-83.1%), from €3,614 to €611
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
€17,668
Gross operating margin
-€768
Staff costs
-€6,194
Depreciation
-€1,378
Write-downs
-€455
Other operating charges
-€965
Financial charges
-€1,125
Taxes
+€3,004
Result 2025
€9,786
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
+€17,000
Investment
-€5,000
Financing
-€10,860
Cash 2024
€7,390
From operations (derived)
+€17,000
Net result for the year
+€9,786
Depreciation
+€6,786
Stocks and contracts
-€13,686
Receivables within one year
+€9,027
Deferred charges and accrued income
-€752
Trade debts
-€5,971
Tax, wage and social debts
+€6,444
Other debts
+€4,951
Accrued charges and deferred income
+€416
Investment (derived)
-€5,000
Investment in fixed assets (net)
-€5,000
Financing
-€10,860
Debts after one year
+€113,144
Current portion of long-term debt
-€124,004
Cash 2025
€8,530
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €703,655 | €708,421 | +€4,766 | +0.7% |
| Fixed assets | 21/28 | €177,858 | €176,072 | -€1,786 | -1.0% |
| Intangible fixed assets | 21 | €12,452 | €13,401 | +€949 | +7.6% |
| Tangible fixed assets | 22/27 | €165,297 | €162,563 | -€2,735 | -1.7% |
| Land and buildings | 22 | €157,386 | €157,386 | = | 0.0% |
| Furniture and vehicles | 24 | €7,911 | €5,177 | -€2,735 | -34.6% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €525,797 | €532,349 | +€6,552 | +1.2% |
| Stocks and contracts in progress | 3 | €476,354 | €490,041 | +€13,686 | +2.9% |
| Stocks | 30/36 | €476,354 | €490,041 | +€13,686 | +2.9% |
| Amounts receivable within one year | 40/41 | €39,846 | €30,819 | -€9,027 | -22.7% |
| Trade receivables | 40 | €39,846 | €30,819 | -€9,027 | -22.7% |
| Cash at bank and in hand | 54/58 | €7,390 | €8,530 | +€1,140 | +15.4% |
| Deferred charges and accrued income | 490/1 | €2,207 | €2,959 | +€752 | +34.1% |
| Total equity and liabilities | 10/49 | €703,655 | €708,421 | +€4,766 | +0.7% |
| Equity | 10/15 | €205,872 | €215,658 | +€9,786 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €186,750 | €196,750 | +€10,000 | +5.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €168,000 | €178,000 | +€10,000 | +6.0% |
| Profit (loss) carried forward | 14 | €530 | €316 | -€214 | -40.4% |
| Amounts payable | 17/49 | €497,783 | €492,763 | -€5,020 | -1.0% |
| Amounts payable after more than one year | 17 | €9,455 | €122,599 | +€113,144 | +1196.7% |
| Financial debts | 170/4 | €1,405 | €114,549 | +€113,144 | +8055.6% |
| Other amounts payable | 178/9 | €8,050 | €8,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €488,329 | €369,748 | -€118,581 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €137,301 | €13,297 | -€124,004 | -90.3% |
| Trade debts | 44 | €40,001 | €34,029 | -€5,971 | -14.9% |
| Suppliers | 440/4 | €40,001 | €34,029 | -€5,971 | -14.9% |
| Taxes, remuneration and social security | 45 | €20,290 | €26,734 | +€6,444 | +31.8% |
| Taxes | 450/3 | €13,059 | €12,473 | -€585 | -4.5% |
| Remuneration and social security | 454/9 | €7,232 | €14,261 | +€7,029 | +97.2% |
| Other amounts payable | 47/48 | €290,737 | €295,687 | +€4,951 | +1.7% |
| Accrued charges and deferred income | 492/3 | - | €416 | +€416 | |
| Remuneration, social security and pensions | 62 | €97,209 | €103,403 | +€6,194 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,408 | €6,786 | +€1,378 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,277 | €2,733 | +€455 | +20.0% |
| Other operating charges | 640/8 | €16,168 | €17,133 | +€965 | +6.0% |
| Gross operating margin | 9900 | €152,922 | €152,154 | -€768 | -0.5% |
| Operating profit (loss) | 9901 | €31,859 | €22,099 | -€9,760 | -30.6% |
| Financial charges | 65/66B | €10,577 | €11,702 | +€1,125 | +10.6% |
| Recurring financial charges | 65 | €10,577 | €11,702 | +€1,125 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €21,282 | €10,397 | -€10,886 | -51.1% |
| Income taxes | 67/77 | €3,614 | €611 | -€3,004 | -83.1% |
| Profit (loss) for the period | 9904 | €17,668 | €9,786 | -€7,882 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,668 | €9,786 | -€7,882 | -44.6% |
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 10 October 2026 via checked.be.