CAR 3000: 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.
CAR 3000
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+275%), from €400,341 to €1.5m
- Tangible fixed assets -€131,872
down €131,872 (-7.9%), from €1.7m to €1.5m
- Cash -€35,344
down €35,344 (-81.7%), from €43,235 to €7,891
mainly Investment in fixed assets (net) (-€1.1m) and Trade debts (-€68,138)
- Debts after one year +€798,856
up €798,856 (+80.1%), from €996,762 to €1.8m
- Reserves +€174,467
up €174,467 (+19.9%), from €877,824 to €1.1m
of which Distributable reserves: +€174,467
- Trade debts -€68,138
down €68,138 (-25.3%), from €269,251 to €201,114
- Tax, wage and social debts -€60,900
down €60,900 (-40.8%), from €149,342 to €88,442
of which Taxes: -€77,425
- Other debts +€57,770
up €57,770 (+5,777%), from €1,000 to €58,770
- Financial income +€80,799
up €80,799 (+7,936%), from €1,018 to €81,817
of which Non-recurring financial income: +€80,698
- Staff costs +€45,353
up €45,353 (+16.2%), from €279,731 to €325,085
- Gross operating margin -€25,036
down €25,036 (-3.6%), from €692,389 to €667,353
- Taxes -€13,515
down €13,515 (-19.2%), from €70,447 to €56,933
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 | €2,489,638 | €3,434,578 | +€944,940 | +38.0% |
| Fixed assets | 21/28 | €2,060,797 | €3,029,130 | +€968,333 | +47.0% |
| Tangible fixed assets | 22/27 | €1,660,456 | €1,528,584 | -€131,872 | -7.9% |
| Land and buildings | 22 | €1,257,899 | €1,200,899 | -€57,000 | -4.5% |
| Plant, machinery and equipment | 23 | €362,737 | €297,727 | -€65,009 | -17.9% |
| Furniture and vehicles | 24 | €39,820 | €29,958 | -€9,862 | -24.8% |
| Financial fixed assets | 28 | €400,341 | €1,500,546 | +€1.1m | +275% |
| Current assets | 29/58 | €428,842 | €405,448 | -€23,394 | -5.5% |
| Stocks and contracts in progress | 3 | €90,462 | €91,362 | +€900 | +1.0% |
| Stocks | 30/36 | €90,462 | €91,362 | +€900 | +1.0% |
| Amounts receivable within one year | 40/41 | €295,145 | €306,195 | +€11,050 | +3.7% |
| Trade receivables | 40 | €239,359 | €289,244 | +€49,885 | +20.8% |
| Other amounts receivable | 41 | €55,786 | €16,951 | -€38,835 | -69.6% |
| Cash at bank and in hand | 54/58 | €43,235 | €7,891 | -€35,344 | -81.7% |
| Total equity and liabilities | 10/49 | €2,489,638 | €3,434,578 | +€944,940 | +38.0% |
| Equity | 10/15 | €915,024 | €1,089,491 | +€174,467 | +19.1% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €877,824 | €1,052,291 | +€174,467 | +19.9% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €874,104 | €1,048,571 | +€174,467 | +20.0% |
| Amounts payable | 17/49 | €1,574,614 | €2,345,087 | +€770,473 | +48.9% |
| Amounts payable after more than one year | 17 | €996,762 | €1,795,618 | +€798,856 | +80.1% |
| Financial debts | 170/4 | €996,762 | €1,795,618 | +€798,856 | +80.1% |
| Amounts payable within one year | 42/48 | €577,852 | €549,470 | -€28,383 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €158,259 | €201,144 | +€42,885 | +27.1% |
| Trade debts | 44 | €269,251 | €201,114 | -€68,138 | -25.3% |
| Suppliers | 440/4 | €269,251 | €201,114 | -€68,138 | -25.3% |
| Taxes, remuneration and social security | 45 | €149,342 | €88,442 | -€60,900 | -40.8% |
| Taxes | 450/3 | €147,717 | €70,292 | -€77,425 | -52.4% |
| Remuneration and social security | 454/9 | €1,625 | €18,150 | +€16,525 | +1,017% |
| Other amounts payable | 47/48 | €1,000 | €58,770 | +€57,770 | +5,777% |
| Remuneration, social security and pensions | 62 | €279,731 | €325,085 | +€45,353 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,197 | €156,082 | -€114 | -0.1% |
| Other operating charges | 640/8 | €7,240 | €5,227 | -€2,013 | -27.8% |
| Gross operating margin | 9900 | €692,389 | €667,353 | -€25,036 | -3.6% |
| Operating profit (loss) | 9901 | €249,221 | €180,959 | -€68,262 | -27.4% |
| Financial income | 75/76B | €1,018 | €81,817 | +€80,799 | +7,936% |
| Recurring financial income | 75 | €1,018 | €100 | -€918 | -90.1% |
| Non-recurring financial income | 76B | €1,018 | €81,717 | +€80,698 | +7,926% |
| Financial charges | 65/66B | €36,822 | €31,376 | -€5,446 | -14.8% |
| Recurring financial charges | 65 | €36,822 | €31,376 | -€5,446 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €213,417 | €231,399 | +€17,982 | +8.4% |
| Income taxes | 67/77 | €70,447 | €56,933 | -€13,515 | -19.2% |
| Profit (loss) for the period | 9904 | €142,970 | €174,467 | +€31,497 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,970 | €174,467 | +€31,497 | +22.0% |
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.