CAR-HANGAR: 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-HANGAR
Largest movements
- Tangible fixed assets +€99,161
up €99,161 (+92.9%), from €106,732 to €205,892
of which Plant, machinery and equipment: +€112,185
- Receivables within one year -€23,190
down €23,190 (-20.5%), from €113,084 to €89,894
of which Other amounts receivable: -€37,051
- Deferred charges and accrued income +€20,073
up €20,073 (+106%), from €18,869 to €38,942
- Cash -€12,218
down €12,218 (-39.9%), from €30,633 to €18,415
mainly Investment in fixed assets (net) (-€122,690) and Other debts (-€73,203)
- Other debts -€73,203
down €73,203 (-89.7%), from €81,599 to €8,396
- Debts after one year +€63,256
up €63,256 (+150%), from €42,098 to €105,354
- Trade debts +€32,179
up €32,179 (+70.4%), from €45,710 to €77,889
- Reserves +€29,829
up €29,829 (+54.5%), from €54,734 to €84,563
- Current portion of long-term debt +€19,280
up €19,280 (+196%), from €9,835 to €29,115
- Staff costs +€149,728
up €149,728 (+210%), from €71,367 to €221,096
- Gross operating margin +€149,312
up €149,312 (+97.8%), from €152,634 to €301,945
- Depreciation +€8,248
up €8,248 (+54.0%), from €15,281 to €23,529
- Taxes +€3,465
up €3,465 (+38.9%), from €8,910 to €12,376
- Financial charges +€3,200
up €3,200 (+55.9%), from €5,725 to €8,926
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
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 | €274,962 | €359,933 | +€84,971 | +30.9% |
| Fixed assets | 21/28 | €107,232 | €206,392 | +€99,161 | +92.5% |
| Tangible fixed assets | 22/27 | €106,732 | €205,892 | +€99,161 | +92.9% |
| Plant, machinery and equipment | 23 | €58,638 | €170,823 | +€112,185 | +191% |
| Furniture and vehicles | 24 | €45,244 | €35,069 | -€10,174 | -22.5% |
| Leasing and similar rights | 25 | €2,850 | - | -€2,850 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €167,730 | €153,541 | -€14,190 | -8.5% |
| Stocks and contracts in progress | 3 | €5,144 | €6,289 | +€1,145 | +22.3% |
| Stocks | 30/36 | €5,144 | €6,289 | +€1,145 | +22.3% |
| Amounts receivable within one year | 40/41 | €113,084 | €89,894 | -€23,190 | -20.5% |
| Trade receivables | 40 | €74,334 | €88,195 | +€13,861 | +18.6% |
| Other amounts receivable | 41 | €38,750 | €1,699 | -€37,051 | -95.6% |
| Cash at bank and in hand | 54/58 | €30,633 | €18,415 | -€12,218 | -39.9% |
| Deferred charges and accrued income | 490/1 | €18,869 | €38,942 | +€20,073 | +106% |
| Total equity and liabilities | 10/49 | €274,962 | €359,933 | +€84,971 | +30.9% |
| Equity | 10/15 | €73,334 | €103,163 | +€29,829 | +40.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,734 | €84,563 | +€29,829 | +54.5% |
| Distributable reserves | 133 | €54,734 | €84,563 | +€29,829 | +54.5% |
| Amounts payable | 17/49 | €201,628 | €256,770 | +€55,142 | +27.3% |
| Amounts payable after more than one year | 17 | €42,098 | €105,354 | +€63,256 | +150% |
| Financial debts | 170/4 | €42,098 | €105,354 | +€63,256 | +150% |
| Amounts payable within one year | 42/48 | €159,530 | €151,416 | -€8,114 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €9,835 | €29,115 | +€19,280 | +196% |
| Trade debts | 44 | €45,710 | €77,889 | +€32,179 | +70.4% |
| Suppliers | 440/4 | €45,710 | €77,889 | +€32,179 | +70.4% |
| Taxes, remuneration and social security | 45 | €22,386 | €36,015 | +€13,630 | +60.9% |
| Taxes | 450/3 | €15,633 | €17,575 | +€1,942 | +12.4% |
| Remuneration and social security | 454/9 | €6,753 | €18,440 | +€11,687 | +173% |
| Other amounts payable | 47/48 | €81,599 | €8,396 | -€73,203 | -89.7% |
| Non-recurring operating income | 76A | €5,950 | - | -€5,950 | |
| Remuneration, social security and pensions | 62 | €71,367 | €221,096 | +€149,728 | +210% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,281 | €23,529 | +€8,248 | +54.0% |
| Other operating charges | 640/8 | €4,111 | €6,228 | +€2,117 | +51.5% |
| Gross operating margin | 9900 | €152,634 | €301,945 | +€149,312 | +97.8% |
| Operating profit (loss) | 9901 | €61,874 | €51,092 | -€10,782 | -17.4% |
| Financial income | 75/76B | €9 | €38 | +€29 | +337% |
| Recurring financial income | 75 | €9 | €38 | +€29 | +337% |
| Financial charges | 65/66B | €5,725 | €8,926 | +€3,200 | +55.9% |
| Recurring financial charges | 65 | €5,725 | €8,926 | +€3,200 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €56,157 | €42,205 | -€13,952 | -24.8% |
| Income taxes | 67/77 | €8,910 | €12,376 | +€3,465 | +38.9% |
| Profit (loss) for the period | 9904 | €47,247 | €29,829 | -€17,418 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,247 | €29,829 | -€17,418 | -36.9% |
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 17 October 2026 via checked.be.