CAR-ESSE: what changed
CAR-ESSE
Largest movements
- Tangible fixed assets +€52,367
up €52,367 (+1,573%), from €3,328 to €55,695
of which Furniture and vehicles: +€53,041
- Stocks and contracts -€10,000
down €10,000 (-21.5%), from €46,500 to €36,500
- Cash +€3,347
up €3,347 (+11.0%), from €30,459 to €33,806
mainly Debts after one year (+€31,141) and Net result for the year (+€14,989)
- Receivables within one year -€2,375
down €2,375 (-15.4%), from €15,415 to €13,040
of which Trade receivables: -€3,139
- Debts after one year +€31,141
new in 2025: €31,141
- Reserves +€14,989
up €14,989 (+62.4%), from €24,010 to €38,998
- Trade debts +€10,139
up €10,139 (+133%), from €7,596 to €17,735
- Short-term financial debts -€10,000
down €10,000 (-40.0%), from €25,000 to €15,000
- Tax, wage and social debts -€9,090
down €9,090 (-92.5%), from €9,822 to €732
- Financial charges +€7,622
up €7,622 (+1,922%), from €397 to €8,018
of which Non-recurring financial charges: +€5,232
- Depreciation +€3,502
up €3,502 (+341%), from €1,028 to €4,531
- Taxes -€3,028
down €3,028 (-31.0%), from €9,760 to €6,732
- Gross operating margin -€1,850
down €1,850 (-5.0%), from €37,280 to €35,430
- Staff costs -€1,028
down €1,028 (-97.6%), from €1,054 to €26
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,703 | €139,042 | +€43,339 | +45.3% |
| Fixed assets | 21/28 | €3,328 | €55,695 | +€52,367 | +1,573% |
| Tangible fixed assets | 22/27 | €3,328 | €55,695 | +€52,367 | +1,573% |
| Plant, machinery and equipment | 23 | €1,467 | €792 | -€674 | -46.0% |
| Furniture and vehicles | 24 | €1,862 | €54,903 | +€53,041 | +2,849% |
| Current assets | 29/58 | €92,375 | €83,347 | -€9,028 | -9.8% |
| Stocks and contracts in progress | 3 | €46,500 | €36,500 | -€10,000 | -21.5% |
| Stocks | 30/36 | €46,500 | €36,500 | -€10,000 | -21.5% |
| Amounts receivable within one year | 40/41 | €15,415 | €13,040 | -€2,375 | -15.4% |
| Trade receivables | 40 | €15,388 | €12,249 | -€3,139 | -20.4% |
| Other amounts receivable | 41 | €27 | €791 | +€764 | +2,797% |
| Cash at bank and in hand | 54/58 | €30,459 | €33,806 | +€3,347 | +11.0% |
| Total equity and liabilities | 10/49 | €95,703 | €139,042 | +€43,339 | +45.3% |
| Equity | 10/15 | €25,010 | €39,998 | +€14,989 | +59.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,010 | €38,998 | +€14,989 | +62.4% |
| Distributable reserves | 133 | €24,010 | €38,998 | +€14,989 | +62.4% |
| Amounts payable | 17/49 | €70,693 | €99,043 | +€28,350 | +40.1% |
| Amounts payable after more than one year | 17 | - | €31,141 | +€31,141 | |
| Financial debts | 170/4 | - | €31,141 | +€31,141 | |
| Amounts payable within one year | 42/48 | €69,693 | €65,288 | -€4,405 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €5,880 | €7,560 | +€1,681 | +28.6% |
| Financial debts | 43 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Other loans | 439 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Trade debts | 44 | €7,596 | €17,735 | +€10,139 | +133% |
| Suppliers | 440/4 | €7,596 | €17,735 | +€10,139 | +133% |
| Taxes, remuneration and social security | 45 | €9,822 | €732 | -€9,090 | -92.5% |
| Taxes | 450/3 | €9,822 | €732 | -€9,090 | -92.5% |
| Other amounts payable | 47/48 | €21,396 | €24,261 | +€2,865 | +13.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,614 | +€1,614 | +161% |
| Remuneration, social security and pensions | 62 | €1,054 | €26 | -€1,028 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,028 | €4,531 | +€3,502 | +341% |
| Other operating charges | 640/8 | €958 | €878 | -€79 | -8.3% |
| Non-recurring operating charges | 66A | €127 | €365 | +€238 | +188% |
| Gross operating margin | 9900 | €37,280 | €35,430 | -€1,850 | -5.0% |
| Operating profit (loss) | 9901 | €34,113 | €29,631 | -€4,483 | -13.1% |
| Financial income | 75/76B | €53 | €109 | +€56 | +105% |
| Recurring financial income | 75 | €53 | €109 | +€56 | +105% |
| Financial charges | 65/66B | €397 | €8,018 | +€7,622 | +1,922% |
| Recurring financial charges | 65 | €397 | €2,786 | +€2,389 | +602% |
| Non-recurring financial charges | 66B | - | €5,232 | +€5,232 | |
| Profit (loss) for the period before taxes | 9903 | €33,770 | €21,721 | -€12,049 | -35.7% |
| Income taxes | 67/77 | €9,760 | €6,732 | -€3,028 | -31.0% |
| Profit (loss) for the period | 9904 | €24,010 | €14,989 | -€9,021 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,010 | €14,989 | -€9,021 | -37.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.