CAR-GUARD: 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.
What changed
CAR-GUARD
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€91,467
2024 · €71,757+€19,709
Equity
€100
2024 · €85,623-€85,523
Cash
€45,859
2024 · €41,164+€4,695
Balance sheet total
€738,602
2024 · €681,169+€57,433
Largest movements
Assets
- Receivables within one year +€30,008
up €30,008 (+9.1%), from €329,189 to €359,197
of which Trade receivables: +€34,114
- Intangible fixed assets +€13,740
up €13,740 (+11.5%), from €119,658 to €133,398
- Deferred charges and accrued income +€8,567
up €8,567, from €0 to €8,567
Equity and liabilities
- Tax, wage and social debts +€146,114
up €146,114 (+59.4%), from €246,182 to €392,297
of which Taxes: +€74,378
- Profit (loss) carried forward -€85,523
down €85,523 (-100%), from €85,523 to €0
- Debts after one year -€12,795
down €12,795 (-9.6%), from €133,855 to €121,060
- Trade debts +€9,261
up €9,261 (+7.8%), from €118,748 to €128,009
Income statement
- Gross operating margin +€245,042
up €245,042 (+40.2%), from €610,272 to €855,314
- Staff costs +€126,360
up €126,360 (+29.0%), from €435,501 to €561,861
- Financial charges +€93,869
up €93,869 (+526%), from €17,842 to €111,711
- Taxes +€21,802
up €21,802 (+55.1%), from €39,537 to €61,340
- Depreciation -€12,534
down €12,534 (-33.3%), from €37,635 to €25,101
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.
Result 2024
€71,757
Gross operating margin
+€245,042
Staff costs
-€126,360
Depreciation
+€12,534
Other operating charges
-€2,964
Other operating items
+€2,673
Financial income
+€4,455
Financial charges
-€93,869
Taxes
-€21,802
Result 2025
€91,467
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€233,268
Investment
-€39,165
Financing
-€189,409
Cash 2024
€41,164
From operations (derived)
+€233,268
Net result for the year
+€91,467
Depreciation
+€25,101
Stocks and contracts
-€100
Receivables within one year
-€30,008
Deferred charges and accrued income
-€8,567
Trade debts
+€9,261
Tax, wage and social debts
+€146,114
Investment (derived)
-€39,165
Investment in fixed assets (net)
-€39,165
Financing
-€189,409
Debts after one year
-€12,795
Current portion of long-term debt
+€591
Short-term financial debts
-€215
Contributions, distributions and other
-€176,990
Cash 2025
€45,859
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €681,169 | €738,602 | +€57,433 | +8.4% |
| Fixed assets | 21/28 | €307,416 | €321,479 | +€14,064 | +4.6% |
| Intangible fixed assets | 21 | €119,658 | €133,398 | +€13,740 | +11.5% |
| Tangible fixed assets | 22/27 | €187,758 | €181,031 | -€6,726 | -3.6% |
| Land and buildings | 22 | €158,401 | €155,483 | -€2,918 | -1.8% |
| Plant, machinery and equipment | 23 | €305 | €2,610 | +€2,305 | +756% |
| Furniture and vehicles | 24 | €8,422 | €5,900 | -€2,522 | -29.9% |
| Other tangible fixed assets | 26 | €20,629 | €17,039 | -€3,590 | -17.4% |
| Financial fixed assets | 28 | €0 | €7,050 | +€7,050 | |
| Current assets | 29/58 | €373,753 | €417,123 | +€43,369 | +11.6% |
| Stocks and contracts in progress | 3 | €3,400 | €3,500 | +€100 | +2.9% |
| Stocks | 30/36 | €3,400 | €3,500 | +€100 | +2.9% |
| Amounts receivable within one year | 40/41 | €329,189 | €359,197 | +€30,008 | +9.1% |
| Trade receivables | 40 | €97,133 | €131,247 | +€34,114 | +35.1% |
| Other amounts receivable | 41 | €232,056 | €227,950 | -€4,106 | -1.8% |
| Cash at bank and in hand | 54/58 | €41,164 | €45,859 | +€4,695 | +11.4% |
| Deferred charges and accrued income | 490/1 | €0 | €8,567 | +€8,567 | |
| Total equity and liabilities | 10/49 | €681,169 | €738,602 | +€57,433 | +8.4% |
| Equity | 10/15 | €85,623 | €100 | -€85,523 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,523 | €0 | -€85,523 | -100% |
| Provisions and deferred taxes | 16 | €84,157 | €84,157 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €84,157 | €84,157 | = | 0.0% |
| Other liabilities and charges | 164/5 | €84,157 | €84,157 | = | 0.0% |
| Amounts payable | 17/49 | €511,388 | €654,345 | +€142,956 | +28.0% |
| Amounts payable after more than one year | 17 | €133,855 | €121,060 | -€12,795 | -9.6% |
| Financial debts | 170/4 | €133,855 | €121,060 | -€12,795 | -9.6% |
| Amounts payable within one year | 42/48 | €377,533 | €533,284 | +€155,751 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €12,204 | €12,795 | +€591 | +4.8% |
| Financial debts | 43 | €399 | €184 | -€215 | -53.9% |
| Credit institutions | 430/8 | €399 | €184 | -€215 | -53.9% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €118,748 | €128,009 | +€9,261 | +7.8% |
| Suppliers | 440/4 | €118,748 | €128,009 | +€9,261 | +7.8% |
| Taxes, remuneration and social security | 45 | €246,182 | €392,297 | +€146,114 | +59.4% |
| Taxes | 450/3 | €159,803 | €234,181 | +€74,378 | +46.5% |
| Remuneration and social security | 454/9 | €86,379 | €158,115 | +€71,736 | +83.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,438 | €0 | -€2,438 | -100% |
| Remuneration, social security and pensions | 62 | €435,501 | €561,861 | +€126,360 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,635 | €25,101 | -€12,534 | -33.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,889 | €5,853 | +€2,964 | +103% |
| Non-recurring operating charges | 66A | €15,812 | €13,139 | -€2,673 | -16.9% |
| Gross operating margin | 9900 | €610,272 | €855,314 | +€245,042 | +40.2% |
| Operating profit (loss) | 9901 | €118,436 | €249,361 | +€130,925 | +111% |
| Financial income | 75/76B | €10,701 | €15,157 | +€4,455 | +41.6% |
| Recurring financial income | 75 | €10,701 | €15,157 | +€4,455 | +41.6% |
| Financial charges | 65/66B | €17,842 | €111,711 | +€93,869 | +526% |
| Recurring financial charges | 65 | €17,842 | €111,711 | +€93,869 | +526% |
| Profit (loss) for the period before taxes | 9903 | €111,295 | €152,806 | +€41,512 | +37.3% |
| Income taxes | 67/77 | €39,537 | €61,340 | +€21,802 | +55.1% |
| Profit (loss) for the period | 9904 | €71,757 | €91,467 | +€19,709 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,757 | €91,467 | +€19,709 | +27.5% |
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 16 October 2026 via checked.be.