BSZ 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.
BSZ CAR
Largest movements
- Receivables within one year -€215,019
down €215,019 (-68.8%), from €312,696 to €97,677
of which Trade receivables: -€215,880
- Stocks and contracts -€96,150
down €96,150 (-42.4%), from €226,850 to €130,700
- Cash +€56,365
up €56,365 (+261%), from €21,614 to €77,978
mainly Receivables within one year (+€215,019) and Stocks and contracts (+€96,150)
- Tangible fixed assets -€7,514
down €7,514 (-50.0%), from €15,028 to €7,514
- Trade debts -€220,730
down €220,730 (-95.7%), from €230,717 to €9,987
- Other debts -€89,067
down €89,067 (-37.9%), from €234,942 to €145,876
- Profit (loss) carried forward +€39,028
up €39,028 (+65.2%), from €59,840 to €98,868
- Gross operating margin +€15,419
up €15,419 (+39.1%), from €39,462 to €54,881
- Taxes +€4,690
up €4,690 (+304%), from €1,542 to €6,231
- Financial charges -€618
down €618 (-51.8%), from €1,193 to €575
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 | €579,201 | €313,870 | -€265,331 | -45.8% |
| Fixed assets | 21/28 | €15,028 | €7,514 | -€7,514 | -50.0% |
| Tangible fixed assets | 22/27 | €15,028 | €7,514 | -€7,514 | -50.0% |
| Furniture and vehicles | 24 | €15,028 | €7,514 | -€7,514 | -50.0% |
| Current assets | 29/58 | €564,173 | €306,356 | -€257,817 | -45.7% |
| Stocks and contracts in progress | 3 | €226,850 | €130,700 | -€96,150 | -42.4% |
| Stocks | 30/36 | €226,850 | €130,700 | -€96,150 | -42.4% |
| Amounts receivable within one year | 40/41 | €312,696 | €97,677 | -€215,019 | -68.8% |
| Trade receivables | 40 | €311,700 | €95,820 | -€215,880 | -69.3% |
| Other amounts receivable | 41 | €996 | €1,857 | +€861 | +86.5% |
| Cash at bank and in hand | 54/58 | €21,614 | €77,978 | +€56,365 | +261% |
| Deferred charges and accrued income | 490/1 | €3,013 | €0 | -€3,013 | -100% |
| Total equity and liabilities | 10/49 | €579,201 | €313,870 | -€265,331 | -45.8% |
| Equity | 10/15 | €80,300 | €119,328 | +€39,028 | +48.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €59,840 | €98,868 | +€39,028 | +65.2% |
| Amounts payable | 17/49 | €498,901 | €194,542 | -€304,359 | -61.0% |
| Amounts payable within one year | 42/48 | €468,901 | €164,542 | -€304,359 | -64.9% |
| Trade debts | 44 | €230,717 | €9,987 | -€220,730 | -95.7% |
| Suppliers | 440/4 | €230,717 | €9,987 | -€220,730 | -95.7% |
| Taxes, remuneration and social security | 45 | €3,242 | €8,679 | +€5,437 | +168% |
| Taxes | 450/3 | €1,542 | €6,979 | +€5,437 | +353% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €234,942 | €145,876 | -€89,067 | -37.9% |
| Accrued charges and deferred income | 492/3 | €30,000 | €30,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,514 | €7,514 | = | 0.0% |
| Other operating charges | 640/8 | €2,004 | €1,532 | -€472 | -23.6% |
| Gross operating margin | 9900 | €39,462 | €54,881 | +€15,419 | +39.1% |
| Operating profit (loss) | 9901 | €29,943 | €45,835 | +€15,892 | +53.1% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €1,193 | €575 | -€618 | -51.8% |
| Recurring financial charges | 65 | €1,193 | €575 | -€618 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €28,757 | €45,260 | +€16,503 | +57.4% |
| Income taxes | 67/77 | €1,542 | €6,231 | +€4,690 | +304% |
| Profit (loss) for the period | 9904 | €27,215 | €39,028 | +€11,813 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,215 | €39,028 | +€11,813 | +43.4% |
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 25 October 2026 via checked.be.