CAR GCM: 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 GCM
Largest movements
- Receivables within one year +€773
up €773 (+19.8%), from €3,903 to €4,676
of which Trade receivables: +€726
- Other debts +€1,786
up €1,786 (+2.7%), from €65,046 to €66,832
- Profit (loss) carried forward -€778
down €778 (-1.1%), from -€67,741 to -€68,519
- Trade debts -€236
down €236 (-61.0%), from €387 to €151
- Gross operating margin -€796
down €796, from €469 to -€327
- Financial charges -€182
down €182 (-77.9%), from €234 to €52
of which Non-recurring financial charges: -€179
- Financial income -€41
no longer reported in 2025 (was €41)
- Other operating charges +€12
up €12 (+3.2%), from €387 to €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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,903 | €4,676 | +€773 | +19.8% |
| Current assets | 29/58 | €3,903 | €4,676 | +€773 | +19.8% |
| Amounts receivable within one year | 40/41 | €3,903 | €4,676 | +€773 | +19.8% |
| Trade receivables | 40 | €2,850 | €3,576 | +€726 | +25.5% |
| Other amounts receivable | 41 | €1,053 | €1,100 | +€47 | +4.5% |
| Total equity and liabilities | 10/49 | €3,903 | €4,676 | +€773 | +19.8% |
| Equity | 10/15 | -€61,541 | -€62,319 | -€778 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,741 | -€68,519 | -€778 | -1.1% |
| Amounts payable | 17/49 | €65,444 | €66,995 | +€1,552 | +2.4% |
| Amounts payable within one year | 42/48 | €65,444 | €66,995 | +€1,552 | +2.4% |
| Financial debts | 43 | €11 | €12 | +€2 | +16.1% |
| Credit institutions | 430/8 | €11 | €12 | +€2 | +16.1% |
| Trade debts | 44 | €387 | €151 | -€236 | -61.0% |
| Suppliers | 440/4 | €387 | €151 | -€236 | -61.0% |
| Other amounts payable | 47/48 | €65,046 | €66,832 | +€1,786 | +2.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €469 | -€327 | -€796 | |
| Operating profit (loss) | 9901 | €81 | -€727 | -€808 | |
| Financial income | 75/76B | €41 | - | -€41 | |
| Recurring financial income | 75 | €41 | - | -€41 | |
| Financial charges | 65/66B | €234 | €52 | -€182 | -77.9% |
| Recurring financial charges | 65 | €55 | €52 | -€3 | -5.4% |
| Non-recurring financial charges | 66B | €179 | - | -€179 | |
| Profit (loss) for the period before taxes | 9903 | -€112 | -€778 | -€667 | -598% |
| Profit (loss) for the period | 9904 | -€112 | -€778 | -€667 | -598% |
| Profit (loss) for the period to be appropriated | 9905 | -€112 | -€778 | -€667 | -598% |
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 23 October 2026 via checked.be.