CAR MANAGEMENT: what changed
Two fiscal 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 MANAGEMENT
Largest movements
- Cash +€197,076
up €197,076 (+7.2%), from €2.7m to €2.9m
mainly Net result for the year (+€223,869) and Receivables after one year (+€165,000)
- Receivables after one year -€165,000
down €165,000 (-12.7%), from €1.3m to €1.1m
- Stocks and contracts +€112,500
up €112,500 (+712.4%), from €15,791 to €128,291
- Tangible fixed assets +€71,180
up €71,180 (+7.0%), from €1.0m to €1.1m
of which Land and buildings: +€71,792
- Reserves +€223,850
up €223,850 (+4.4%), from €5.0m to €5.3m
of which Distributable reserves: +€223,850
- Gross operating margin -€77,571
down €77,571 (-21.0%), from €369,927 to €292,356
- Financial income +€16,393
up €16,393 (+19.3%), from €85,155 to €101,548
- Taxes +€5,650
up €5,650 (+7.0%), from €80,699 to €86,349
- Other operating charges -€4,749
down €4,749 (-48.6%), from €9,770 to €5,021
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.
Cash bridge derived
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 | €6,281,943 | €6,509,402 | +€227,460 | +3.6% |
| Fixed assets | 21/28 | €1,510,473 | €1,581,653 | +€71,180 | +4.7% |
| Tangible fixed assets | 22/27 | €1,013,422 | €1,084,602 | +€71,180 | +7.0% |
| Land and buildings | 22 | €1,011,293 | €1,083,085 | +€71,792 | +7.1% |
| Plant, machinery and equipment | 23 | €1,867 | €1,377 | -€490 | -26.2% |
| Furniture and vehicles | 24 | €263 | €140 | -€122 | -46.6% |
| Financial fixed assets | 28 | €497,051 | €497,051 | = | 0.0% |
| Current assets | 29/58 | €4,771,470 | €4,927,750 | +€156,280 | +3.3% |
| Amounts receivable after more than one year | 29 | €1,300,000 | €1,135,000 | -€165,000 | -12.7% |
| Other amounts receivable | 291 | €1,300,000 | €1,135,000 | -€165,000 | -12.7% |
| Stocks and contracts in progress | 3 | €15,791 | €128,291 | +€112,500 | +712.4% |
| Contracts in progress | 37 | €15,791 | €128,291 | +€112,500 | +712.4% |
| Amounts receivable within one year | 40/41 | €720,558 | €732,535 | +€11,977 | +1.7% |
| Trade receivables | 40 | €75,404 | €52,615 | -€22,789 | -30.2% |
| Other amounts receivable | 41 | €645,154 | €679,920 | +€34,766 | +5.4% |
| Cash at bank and in hand | 54/58 | €2,732,549 | €2,929,625 | +€197,076 | +7.2% |
| Deferred charges and accrued income | 490/1 | €2,572 | €2,298 | -€273 | -10.6% |
| Total equity and liabilities | 10/49 | €6,281,943 | €6,509,402 | +€227,460 | +3.6% |
| Equity | 10/15 | €5,056,214 | €5,280,084 | +€223,869 | +4.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €5,033,789 | €5,257,639 | +€223,850 | +4.4% |
| Tax-exempt reserves | 132 | €13,439 | €13,439 | = | 0.0% |
| Distributable reserves | 133 | €5,020,350 | €5,244,200 | +€223,850 | +4.5% |
| Profit (loss) carried forward | 14 | €425 | €445 | +€19 | +4.5% |
| Amounts payable | 17/49 | €1,225,729 | €1,229,319 | +€3,590 | +0.3% |
| Amounts payable after more than one year | 17 | €1,160,000 | €1,160,000 | = | 0.0% |
| Financial debts | 170/4 | €1,160,000 | €1,160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,729 | €40,319 | +€3,590 | +9.8% |
| Trade debts | 44 | €4,902 | €31,902 | +€27,001 | +550.8% |
| Suppliers | 440/4 | €4,902 | €31,902 | +€27,001 | +550.8% |
| Taxes, remuneration and social security | 45 | €31,825 | €7,011 | -€24,814 | -78.0% |
| Taxes | 450/3 | €31,825 | €6,921 | -€24,904 | -78.3% |
| Remuneration and social security | 454/9 | - | €90 | +€90 | |
| Other amounts payable | 47/48 | €2 | €1,405 | +€1,403 | +82549.4% |
| Accrued charges and deferred income | 492/3 | €29,000 | €29,000 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,055 | €46,620 | -€3,435 | -6.9% |
| Other operating charges | 640/8 | €9,770 | €5,021 | -€4,749 | -48.6% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €369,927 | €292,356 | -€77,571 | -21.0% |
| Operating profit (loss) | 9901 | €310,101 | €237,715 | -€72,386 | -23.3% |
| Financial income | 75/76B | €85,155 | €101,548 | +€16,393 | +19.3% |
| Recurring financial income | 75 | €85,155 | €101,548 | +€16,393 | +19.3% |
| Financial charges | 65/66B | €29,280 | €29,045 | -€236 | -0.8% |
| Recurring financial charges | 65 | €29,280 | €29,045 | -€236 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €365,976 | €310,218 | -€55,758 | -15.2% |
| Income taxes | 67/77 | €80,699 | €86,349 | +€5,650 | +7.0% |
| Profit (loss) for the period | 9904 | €285,277 | €223,869 | -€61,408 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €285,277 | €223,869 | -€61,408 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.