CAR MAX: 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 MAX
Largest movements
- Tangible fixed assets -€8,256
down €8,256 (-2.1%), from €390,042 to €381,786
of which Land and buildings: -€7,714
- Cash +€6,104
up €6,104 (+45.8%), from €13,337 to €19,441
mainly Depreciation (+€20,607) and Trade debts (+€6,505)
- Other debts -€8,463
down €8,463 (-4.6%), from €182,738 to €174,275
- Trade debts +€6,505
up €6,505 (+157.2%), from €4,138 to €10,643
- Debts after one year -€5,850
down €5,850 (-2.2%), from €269,001 to €263,152
- Profit (loss) carried forward +€5,042
up €5,042 (+7.7%), from -€65,224 to -€60,182
- Turnover -€100,768
no longer reported in 2025 (was €100,768)
- Purchases and services -€97,062
no longer reported in 2025 (was €97,062)
- Other operating charges -€49,944
down €49,944 (-95.1%), from €52,512 to €2,569
- Gross operating margin +€37,930
up €37,930 (+1023.6%), from €3,706 to €41,635
- Depreciation +€11,057
up €11,057 (+115.8%), from €9,550 to €20,607
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 | €404,099 | €406,519 | +€2,419 | +0.6% |
| Fixed assets | 21/28 | €390,042 | €381,886 | -€8,156 | -2.1% |
| Tangible fixed assets | 22/27 | €390,042 | €381,786 | -€8,256 | -2.1% |
| Land and buildings | 22 | €367,262 | €359,549 | -€7,714 | -2.1% |
| Plant, machinery and equipment | 23 | €13,854 | €10,664 | -€3,190 | -23.0% |
| Furniture and vehicles | 24 | €8,926 | €11,574 | +€2,648 | +29.7% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €14,058 | €24,632 | +€10,575 | +75.2% |
| Stocks and contracts in progress | 3 | €495 | €2,909 | +€2,414 | +487.3% |
| Stocks | 30/36 | €495 | €2,909 | +€2,414 | +487.3% |
| Amounts receivable within one year | 40/41 | €114 | €2,266 | +€2,152 | +1887.9% |
| Trade receivables | 40 | €114 | €2,266 | +€2,152 | +1887.9% |
| Cash at bank and in hand | 54/58 | €13,337 | €19,441 | +€6,104 | +45.8% |
| Deferred charges and accrued income | 490/1 | €112 | €16 | -€95 | -85.3% |
| Total equity and liabilities | 10/49 | €404,099 | €406,519 | +€2,419 | +0.6% |
| Equity | 10/15 | -€62,224 | -€57,182 | +€5,042 | +8.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,224 | -€60,182 | +€5,042 | +7.7% |
| Amounts payable | 17/49 | €466,323 | €463,700 | -€2,623 | -0.6% |
| Amounts payable after more than one year | 17 | €269,001 | €263,152 | -€5,850 | -2.2% |
| Financial debts | 170/4 | €269,001 | €263,152 | -€5,850 | -2.2% |
| Amounts payable within one year | 42/48 | €197,322 | €200,549 | +€3,227 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €8,849 | €11,715 | +€2,866 | +32.4% |
| Trade debts | 44 | €4,138 | €10,643 | +€6,505 | +157.2% |
| Suppliers | 440/4 | €4,138 | €10,643 | +€6,505 | +157.2% |
| Taxes, remuneration and social security | 45 | €1,597 | €3,916 | +€2,319 | +145.2% |
| Taxes | 450/3 | €1,566 | €3,916 | +€2,350 | +150.1% |
| Remuneration and social security | 454/9 | €31 | - | -€31 | |
| Other amounts payable | 47/48 | €182,738 | €174,275 | -€8,463 | -4.6% |
| Turnover | 70 | €100,768 | - | -€100,768 | |
| Goods, raw materials, services and sundry goods | 60/61 | €97,062 | - | -€97,062 | |
| Remuneration, social security and pensions | 62 | €434 | -€75 | -€509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,550 | €20,607 | +€11,057 | +115.8% |
| Other operating charges | 640/8 | €52,512 | €2,569 | -€49,944 | -95.1% |
| Gross operating margin | 9900 | €3,706 | €41,635 | +€37,930 | +1023.6% |
| Operating profit (loss) | 9901 | -€58,791 | €18,536 | +€77,326 | |
| Financial income | 75/76B | €4 | €15 | +€10 | +241.6% |
| Recurring financial income | 75 | €4 | €15 | +€10 | +241.6% |
| Financial charges | 65/66B | €6,438 | €13,508 | +€7,071 | +109.8% |
| Recurring financial charges | 65 | €6,438 | €13,508 | +€7,071 | +109.8% |
| Profit (loss) for the period before taxes | 9903 | -€65,224 | €5,042 | +€70,266 | |
| Profit (loss) for the period | 9904 | -€65,224 | €5,042 | +€70,266 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,224 | €5,042 | +€70,266 |
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 3 October 2026 via checked.be.