BELGIAN TYRE SERVICES: 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.
BELGIAN TYRE SERVICES
Largest movements
- Receivables within one year +€288,521
up €288,521 (+176%), from €164,355 to €452,876
of which Trade receivables: +€289,107
- Stocks and contracts +€260,773
up €260,773 (+56.9%), from €458,236 to €719,008
- Cash -€34,118
down €34,118 (-23.2%), from €147,067 to €112,950
mainly Receivables within one year (-€288,521) and Stocks and contracts (-€260,773)
- Tangible fixed assets -€20,042
down €20,042 (-62.1%), from €32,258 to €12,216
of which Plant, machinery and equipment: -€13,329
- Trade debts +€386,550
up €386,550 (+24,935%), from €1,550 to €388,101
- Profit (loss) carried forward +€70,914
up €70,914 (+14.2%), from €500,477 to €571,391
- Other debts +€50,000
up €50,000 (+24.7%), from €202,100 to €252,100
- Taxes +€22,404
up €22,404 (+440%), from €5,097 to €27,500
- Staff costs +€18,398
up €18,398 (+8.1%), from €226,223 to €244,621
- Write-downs +€16,520
up €16,520 (+1,340%), from €1,233 to €17,752
- Financial charges -€12,961
down €12,961 (-58.1%), from €22,295 to €9,334
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.
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 | €806,609 | €1,300,473 | +€493,864 | +61.2% |
| Fixed assets | 21/28 | €32,258 | €12,216 | -€20,042 | -62.1% |
| Tangible fixed assets | 22/27 | €32,258 | €12,216 | -€20,042 | -62.1% |
| Plant, machinery and equipment | 23 | €20,304 | €6,975 | -€13,329 | -65.6% |
| Furniture and vehicles | 24 | €11,954 | €5,241 | -€6,713 | -56.2% |
| Current assets | 29/58 | €774,351 | €1,288,256 | +€513,905 | +66.4% |
| Stocks and contracts in progress | 3 | €458,236 | €719,008 | +€260,773 | +56.9% |
| Stocks | 30/36 | €458,236 | €719,008 | +€260,773 | +56.9% |
| Amounts receivable within one year | 40/41 | €164,355 | €452,876 | +€288,521 | +176% |
| Trade receivables | 40 | €155,769 | €444,876 | +€289,107 | +186% |
| Other amounts receivable | 41 | €8,586 | €8,000 | -€586 | -6.8% |
| Cash at bank and in hand | 54/58 | €147,067 | €112,950 | -€34,118 | -23.2% |
| Deferred charges and accrued income | 490/1 | €4,693 | €3,422 | -€1,271 | -27.1% |
| Total equity and liabilities | 10/49 | €806,609 | €1,300,473 | +€493,864 | +61.2% |
| Equity | 10/15 | €555,014 | €625,928 | +€70,914 | +12.8% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €500,477 | €571,391 | +€70,914 | +14.2% |
| Amounts payable | 17/49 | €251,595 | €674,545 | +€422,950 | +168% |
| Amounts payable within one year | 42/48 | €229,741 | €665,456 | +€435,715 | +190% |
| Trade debts | 44 | €1,550 | €388,101 | +€386,550 | +24,935% |
| Suppliers | 440/4 | €1,550 | €388,101 | +€386,550 | +24,935% |
| Taxes, remuneration and social security | 45 | €26,090 | €25,255 | -€835 | -3.2% |
| Taxes | 450/3 | €35 | €2,719 | +€2,685 | +7,744% |
| Remuneration and social security | 454/9 | €26,056 | €22,536 | -€3,520 | -13.5% |
| Other amounts payable | 47/48 | €202,100 | €252,100 | +€50,000 | +24.7% |
| Accrued charges and deferred income | 492/3 | €21,855 | €9,089 | -€12,765 | -58.4% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Remuneration, social security and pensions | 62 | €226,223 | €244,621 | +€18,398 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,325 | €18,587 | -€1,739 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,233 | €17,752 | +€16,520 | +1,340% |
| Other operating charges | 640/8 | €3,235 | €6,892 | +€3,657 | +113% |
| Non-recurring operating charges | 66A | - | €1,178 | +€1,178 | |
| Gross operating margin | 9900 | €386,025 | €387,774 | +€1,749 | +0.5% |
| Operating profit (loss) | 9901 | €135,009 | €98,744 | -€36,265 | -26.9% |
| Financial income | 75/76B | €8,532 | €9,004 | +€472 | +5.5% |
| Recurring financial income | 75 | €8,532 | €9,004 | +€472 | +5.5% |
| Financial charges | 65/66B | €22,295 | €9,334 | -€12,961 | -58.1% |
| Recurring financial charges | 65 | €22,295 | €9,334 | -€12,961 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €121,245 | €98,414 | -€22,831 | -18.8% |
| Income taxes | 67/77 | €5,097 | €27,500 | +€22,404 | +440% |
| Profit (loss) for the period | 9904 | €116,148 | €70,914 | -€45,234 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,148 | €70,914 | -€45,234 | -38.9% |
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 19 October 2026 via checked.be.