CAR I.S.: 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 I.S.
Largest movements
- Cash -€13,657
down €13,657 (-6.4%), from €213,853 to €200,196
mainly Trade debts (-€12,267) and Net result for the year (-€8,474)
- Tangible fixed assets -€6,728
no longer reported in 2025 (was €6,728)
- Receivables within one year -€3,608
down €3,608 (-22.8%), from €15,855 to €12,247
of which Trade receivables: -€8,090
- Reserves -€18,305
down €18,305 (-8.5%), from €216,127 to €197,822
of which Distributable reserves: -€12,108
- Trade debts -€12,267
down €12,267 (-91.7%), from €13,378 to €1,111
- Profit (loss) carried forward +€6,089
up €6,089 (+22.8%), from -€26,677 to -€20,589
- Gross operating margin +€6,869
up €6,869 (+45.2%), from -€15,187 to -€8,318
- Depreciation -€6,457
no longer reported in 2025 (was €6,457)
- Financial income +€5,729
up €5,729 (+1,332,281%), from €0 to €5,729
of which Non-recurring financial income: +€3,742
- Financial charges -€2,920
down €2,920 (-85.3%), from €3,424 to €504
- Other operating charges +€2,388
up €2,388 (+176%), from €1,355 to €3,743
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 | €268,654 | €244,685 | -€23,969 | -8.9% |
| Fixed assets | 21/28 | €6,748 | €20 | -€6,728 | -99.7% |
| Tangible fixed assets | 22/27 | €6,728 | - | -€6,728 | |
| Furniture and vehicles | 24 | €6,728 | - | -€6,728 | |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €261,906 | €244,665 | -€17,241 | -6.6% |
| Stocks and contracts in progress | 3 | €31,853 | €32,223 | +€370 | +1.2% |
| Stocks | 30/36 | €31,853 | €32,223 | +€370 | +1.2% |
| Amounts receivable within one year | 40/41 | €15,855 | €12,247 | -€3,608 | -22.8% |
| Trade receivables | 40 | €15,855 | €7,765 | -€8,090 | -51.0% |
| Other amounts receivable | 41 | - | €4,482 | +€4,482 | |
| Cash at bank and in hand | 54/58 | €213,853 | €200,196 | -€13,657 | -6.4% |
| Deferred charges and accrued income | 490/1 | €346 | - | -€346 | |
| Total equity and liabilities | 10/49 | €268,654 | €244,685 | -€23,969 | -8.9% |
| Equity | 10/15 | €251,425 | €239,209 | -€12,216 | -4.9% |
| Contributions | 10/11 | €61,975 | €61,975 | = | 0.0% |
| Capital | 10 | €61,975 | €61,975 | = | 0.0% |
| Issued capital | 100 | €61,975 | €61,975 | = | 0.0% |
| Reserves | 13 | €216,127 | €197,822 | -€18,305 | -8.5% |
| Non-distributable reserves | 130/1 | €6,197 | - | -€6,197 | |
| Legal reserve | 130 | €6,197 | - | -€6,197 | |
| Distributable reserves | 133 | €209,930 | €197,822 | -€12,108 | -5.8% |
| Profit (loss) carried forward | 14 | -€26,677 | -€20,589 | +€6,089 | +22.8% |
| Amounts payable | 17/49 | €17,229 | €5,476 | -€11,752 | -68.2% |
| Amounts payable within one year | 42/48 | €15,255 | €3,502 | -€11,752 | -77.0% |
| Trade debts | 44 | €13,378 | €1,111 | -€12,267 | -91.7% |
| Suppliers | 440/4 | €13,378 | €1,111 | -€12,267 | -91.7% |
| Taxes, remuneration and social security | 45 | €1,831 | €2,391 | +€560 | +30.6% |
| Taxes | 450/3 | €1,831 | €2,391 | +€560 | +30.6% |
| Other amounts payable | 47/48 | €45 | - | -€45 | |
| Accrued charges and deferred income | 492/3 | €1,974 | €1,974 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,457 | - | -€6,457 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,375 | +€1,375 | |
| Other operating charges | 640/8 | €1,355 | €3,743 | +€2,388 | +176% |
| Gross operating margin | 9900 | -€15,187 | -€8,318 | +€6,869 | +45.2% |
| Operating profit (loss) | 9901 | -€23,000 | -€13,436 | +€9,564 | +41.6% |
| Financial income | 75/76B | €0 | €5,729 | +€5,729 | +1,332,281% |
| Recurring financial income | 75 | €0 | €1,987 | +€1,987 | +462,023% |
| Non-recurring financial income | 76B | - | €3,742 | +€3,742 | |
| Financial charges | 65/66B | €3,424 | €504 | -€2,920 | -85.3% |
| Recurring financial charges | 65 | €3,424 | €504 | -€2,920 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,423 | -€8,211 | +€18,212 | +68.9% |
| Income taxes | 67/77 | €255 | €264 | +€9 | +3.6% |
| Profit (loss) for the period | 9904 | -€26,677 | -€8,474 | +€18,203 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,677 | -€8,474 | +€18,203 | +68.2% |
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 30 October 2026 via checked.be.