Car - Design: what changed
Two fiscal 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 - Design
Largest movements
- Tangible fixed assets +€371,293
up €371,293 (+94.3%), from €393,896 to €765,189
of which Land and buildings: +€372,841
- Receivables within one year +€50,381
up €50,381 (+14.7%), from €343,235 to €393,616
of which Other amounts receivable: +€49,067
- Cash -€31,359
down €31,359 (-19.2%), from €163,093 to €131,734
mainly Investment in fixed assets (net) (-€391,651) and Receivables within one year (-€50,381)
- Debts after one year +€322,327
new in 2025: €322,327
- Current portion of long-term debt +€32,020
new in 2025: €32,020
- Trade debts +€31,017
up €31,017 (+1915.6%), from €1,619 to €32,637
- Other operating charges +€95,289
up €95,289 (+772.5%), from €12,335 to €107,624
- Write-downs -€94,539
new in 2025: -€94,539
- Financial charges +€10,518
up €10,518 (+6556.9%), from €160 to €10,678
- Depreciation -€8,578
down €8,578 (-29.6%), from €28,936 to €20,357
- Financial income -€4,200
down €4,200 (-28.8%), from €14,600 to €10,400
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €920,517 | €1,310,685 | +€390,168 | +42.4% |
| Fixed assets | 21/28 | €394,041 | €765,335 | +€371,293 | +94.2% |
| Tangible fixed assets | 22/27 | €393,896 | €765,189 | +€371,293 | +94.3% |
| Land and buildings | 22 | €390,751 | €763,592 | +€372,841 | +95.4% |
| Plant, machinery and equipment | 23 | €3,145 | €1,597 | -€1,548 | -49.2% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €526,476 | €545,350 | +€18,874 | +3.6% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Stocks | 30/36 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €343,235 | €393,616 | +€50,381 | +14.7% |
| Trade receivables | 40 | €2,578 | €3,892 | +€1,314 | +51.0% |
| Other amounts receivable | 41 | €340,657 | €389,724 | +€49,067 | +14.4% |
| Cash at bank and in hand | 54/58 | €163,093 | €131,734 | -€31,359 | -19.2% |
| Deferred charges and accrued income | 490/1 | €148 | - | -€148 | |
| Total equity and liabilities | 10/49 | €920,517 | €1,310,685 | +€390,168 | +42.4% |
| Equity | 10/15 | €877,367 | €876,237 | -€1,130 | -0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €857,345 | €856,209 | -€1,136 | -0.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €162,510 | €162,010 | -€500 | -0.3% |
| Distributable reserves | 133 | €684,835 | €684,199 | -€636 | -0.1% |
| Profit (loss) carried forward | 14 | €22 | €28 | +€6 | +25.3% |
| Provisions and deferred taxes | 16 | €30,000 | €29,875 | -€125 | -0.4% |
| Deferred taxes | 168 | €30,000 | €29,875 | -€125 | -0.4% |
| Amounts payable | 17/49 | €13,150 | €404,573 | +€391,423 | +2976.6% |
| Amounts payable after more than one year | 17 | - | €322,327 | +€322,327 | |
| Financial debts | 170/4 | - | €322,327 | +€322,327 | |
| Amounts payable within one year | 42/48 | €13,150 | €75,833 | +€62,683 | +476.7% |
| Current portion of amounts payable after more than one year | 42 | - | €32,020 | +€32,020 | |
| Trade debts | 44 | €1,619 | €32,637 | +€31,017 | +1915.6% |
| Suppliers | 440/4 | €1,619 | €32,637 | +€31,017 | +1915.6% |
| Taxes, remuneration and social security | 45 | €5,210 | €2,105 | -€3,105 | -59.6% |
| Taxes | 450/3 | €5,210 | €2,105 | -€3,105 | -59.6% |
| Other amounts payable | 47/48 | €6,321 | €9,072 | +€2,751 | +43.5% |
| Accrued charges and deferred income | 492/3 | - | €6,413 | +€6,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,936 | €20,357 | -€8,578 | -29.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€94,539 | -€94,539 | |
| Other operating charges | 640/8 | €12,335 | €107,624 | +€95,289 | +772.5% |
| Gross operating margin | 9900 | €31,940 | €34,593 | +€2,653 | +8.3% |
| Operating profit (loss) | 9901 | -€9,331 | €1,151 | +€10,482 | |
| Financial income | 75/76B | €14,600 | €10,400 | -€4,200 | -28.8% |
| Recurring financial income | 75 | €14,600 | €10,400 | -€4,200 | -28.8% |
| Financial charges | 65/66B | €160 | €10,678 | +€10,518 | +6556.9% |
| Recurring financial charges | 65 | €160 | €10,678 | +€10,518 | +6556.9% |
| Profit (loss) for the period before taxes | 9903 | €5,108 | €872 | -€4,236 | -82.9% |
| Transfer from deferred taxes | 780 | - | €125 | +€125 | |
| Income taxes | 67/77 | €798 | €461 | -€337 | -42.2% |
| Profit (loss) for the period | 9904 | €4,310 | €536 | -€3,775 | -87.6% |
| Transfer from tax-exempt reserves | 789 | - | €500 | +€500 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,310 | €1,036 | -€3,275 | -76.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.