C.A.R. GROUP: 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.
C.A.R. GROUP
Largest movements
- Cash -€23,642
down €23,642 (-32.2%), from €73,380 to €49,739
mainly Contributions, distributions and other (-€68,048) and Investment in fixed assets (net) (-€23,075)
- Receivables within one year +€17,857
up €17,857 (+52.8%), from €33,846 to €51,703
of which Trade receivables: +€24,995
- Tangible fixed assets +€17,307
up €17,307 (+125%), from €13,836 to €31,144
- Deferred charges and accrued income +€3,503
up €3,503 (+457%), from €766 to €4,269
- Other debts +€33,659
up €33,659 (+54.8%), from €61,384 to €95,043
- Profit (loss) carried forward -€29,704
no longer reported in 2025 (was €29,704)
- Tax, wage and social debts +€9,597
up €9,597 (+128%), from €7,507 to €17,104
- Trade debts +€4,697
up €4,697 (+48,423%), from €10 to €4,707
- Accrued charges and deferred income -€3,224
no longer reported in 2025 (was €3,224)
- Gross operating margin +€41,763
up €41,763 (+303%), from €13,803 to €55,566
- Taxes +€7,930
up €7,930 (+265%), from €2,988 to €10,918
- Depreciation +€2,686
up €2,686 (+87.2%), from €3,082 to €5,768
- Financial charges -€867
down €867 (-86.4%), from €1,004 to €137
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 | €121,829 | €136,854 | +€15,025 | +12.3% |
| Fixed assets | 21/28 | €13,836 | €31,144 | +€17,307 | +125% |
| Tangible fixed assets | 22/27 | €13,836 | €31,144 | +€17,307 | +125% |
| Furniture and vehicles | 24 | €13,836 | €31,144 | +€17,307 | +125% |
| Current assets | 29/58 | €107,993 | €105,711 | -€2,282 | -2.1% |
| Amounts receivable within one year | 40/41 | €33,846 | €51,703 | +€17,857 | +52.8% |
| Trade receivables | 40 | €26,708 | €51,703 | +€24,995 | +93.6% |
| Other amounts receivable | 41 | €7,138 | - | -€7,138 | |
| Cash at bank and in hand | 54/58 | €73,380 | €49,739 | -€23,642 | -32.2% |
| Deferred charges and accrued income | 490/1 | €766 | €4,269 | +€3,503 | +457% |
| Total equity and liabilities | 10/49 | €121,829 | €136,854 | +€15,025 | +12.3% |
| Equity | 10/15 | €49,704 | €20,000 | -€29,704 | -59.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,704 | - | -€29,704 | |
| Amounts payable | 17/49 | €72,125 | €116,854 | +€44,730 | +62.0% |
| Amounts payable within one year | 42/48 | €68,901 | €116,854 | +€47,953 | +69.6% |
| Trade debts | 44 | €10 | €4,707 | +€4,697 | +48,423% |
| Suppliers | 440/4 | €10 | €4,707 | +€4,697 | +48,423% |
| Taxes, remuneration and social security | 45 | €7,507 | €17,104 | +€9,597 | +128% |
| Taxes | 450/3 | €7,507 | €17,104 | +€9,597 | +128% |
| Other amounts payable | 47/48 | €61,384 | €95,043 | +€33,659 | +54.8% |
| Accrued charges and deferred income | 492/3 | €3,224 | - | -€3,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,082 | €5,768 | +€2,686 | +87.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €13,803 | €55,566 | +€41,763 | +303% |
| Operating profit (loss) | 9901 | €10,334 | €49,398 | +€39,065 | +378% |
| Financial charges | 65/66B | €1,004 | €137 | -€867 | -86.4% |
| Recurring financial charges | 65 | €1,004 | €137 | -€867 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €9,330 | €49,262 | +€39,932 | +428% |
| Income taxes | 67/77 | €2,988 | €10,918 | +€7,930 | +265% |
| Profit (loss) for the period | 9904 | €6,342 | €38,344 | +€32,002 | +505% |
| Profit (loss) for the period to be appropriated | 9905 | €6,342 | €38,344 | +€32,002 | +505% |
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 21 October 2026 via checked.be.