CAR FACE: 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 FACE
Largest movements
- Cash +€53,903
up €53,903 (+35.4%), from €152,061 to €205,964
mainly Net result for the year (+€216,691) and Trade debts (+€78,007)
- Receivables within one year +€39,323
up €39,323 (+45.4%), from €86,635 to €125,959
of which Trade receivables: +€19,669
- Current investments +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Tangible fixed assets -€10,793
down €10,793 (-24.9%), from €43,430 to €32,637
of which Furniture and vehicles: -€12,174
- Trade debts +€78,007
up €78,007 (+58.2%), from €134,139 to €212,146
- Tax, wage and social debts +€21,555
up €21,555 (+48.6%), from €44,339 to €65,894
of which Remuneration and social security: +€16,400
- Other debts +€9,049
up €9,049 (+4.4%), from €208,000 to €217,049
- Gross operating margin +€28,461
up €28,461 (+6.8%), from €416,025 to €444,486
- Staff costs +€18,340
up €18,340 (+9.9%), from €184,366 to €202,706
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,404 | €542,130 | +€106,726 | +24.5% |
| Fixed assets | 21/28 | €43,430 | €32,637 | -€10,793 | -24.9% |
| Tangible fixed assets | 22/27 | €43,430 | €32,637 | -€10,793 | -24.9% |
| Plant, machinery and equipment | 23 | €8,221 | €12,984 | +€4,763 | +57.9% |
| Furniture and vehicles | 24 | €31,827 | €19,653 | -€12,174 | -38.3% |
| Other tangible fixed assets | 26 | €3,382 | - | -€3,382 | |
| Current assets | 29/58 | €391,974 | €509,493 | +€117,519 | +30.0% |
| Stocks and contracts in progress | 3 | €94,253 | €90,304 | -€3,949 | -4.2% |
| Stocks | 30/36 | €94,253 | €90,304 | -€3,949 | -4.2% |
| Amounts receivable within one year | 40/41 | €86,635 | €125,959 | +€39,323 | +45.4% |
| Trade receivables | 40 | €44,393 | €64,062 | +€19,669 | +44.3% |
| Other amounts receivable | 41 | €42,242 | €61,896 | +€19,654 | +46.5% |
| Current investments | 50/53 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €152,061 | €205,964 | +€53,903 | +35.4% |
| Deferred charges and accrued income | 490/1 | €9,024 | €12,267 | +€3,243 | +35.9% |
| Total equity and liabilities | 10/49 | €435,404 | €542,130 | +€106,726 | +24.5% |
| Equity | 10/15 | €44,632 | €44,324 | -€309 | -0.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,632 | €4,324 | -€309 | -6.7% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,632 | €2,324 | -€309 | -11.7% |
| Amounts payable | 17/49 | €390,771 | €497,807 | +€107,035 | +27.4% |
| Amounts payable within one year | 42/48 | €388,172 | €495,088 | +€106,916 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €1,694 | - | -€1,694 | |
| Trade debts | 44 | €134,139 | €212,146 | +€78,007 | +58.2% |
| Suppliers | 440/4 | €134,139 | €212,146 | +€78,007 | +58.2% |
| Taxes, remuneration and social security | 45 | €44,339 | €65,894 | +€21,555 | +48.6% |
| Taxes | 450/3 | €29,055 | €34,210 | +€5,155 | +17.7% |
| Remuneration and social security | 454/9 | €15,284 | €31,684 | +€16,400 | +107% |
| Other amounts payable | 47/48 | €208,000 | €217,049 | +€9,049 | +4.4% |
| Accrued charges and deferred income | 492/3 | €2,599 | €2,719 | +€119 | +4.6% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €184,366 | €202,706 | +€18,340 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,350 | €21,065 | +€715 | +3.5% |
| Other operating charges | 640/8 | €1,358 | €1,606 | +€248 | +18.3% |
| Gross operating margin | 9900 | €416,025 | €444,486 | +€28,461 | +6.8% |
| Operating profit (loss) | 9901 | €209,950 | €219,108 | +€9,158 | +4.4% |
| Financial income | 75/76B | €2,967 | €1,024 | -€1,944 | -65.5% |
| Recurring financial income | 75 | €2,967 | €1,024 | -€1,944 | -65.5% |
| Financial charges | 65/66B | €1,880 | €2,740 | +€860 | +45.7% |
| Recurring financial charges | 65 | €1,880 | €2,740 | +€860 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €211,037 | €217,392 | +€6,355 | +3.0% |
| Income taxes | 67/77 | €465 | €701 | +€236 | +50.6% |
| Profit (loss) for the period | 9904 | €210,572 | €216,691 | +€6,119 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €210,572 | €216,691 | +€6,119 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.