CAR MOVE: 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 MOVE
Largest movements
- Stocks and contracts -€115,338
down €115,338 (-83.6%), from €137,901 to €22,563
- Cash -€74,473
down €74,473 (-61.9%), from €120,235 to €45,762
mainly Short-term financial debts (-€200,000) and Net result for the year (-€69,914)
- Receivables within one year -€55,595
down €55,595 (-65.1%), from €85,452 to €29,857
of which Trade receivables: -€51,453
- Short-term financial debts -€200,000
no longer reported in 2025 (was €200,000)
- Profit (loss) carried forward -€69,914
down €69,914 (-265.8%), from -€26,306 to -€96,220
- Other debts +€23,791
up €23,791 (+134.7%), from €17,666 to €41,457
- Trade debts -€4,634
down €4,634 (-27.4%), from €16,897 to €12,263
of which Suppliers: -€5,078
- Other operating charges +€32,658
up €32,658 (+1154.8%), from €2,828 to €35,486
- Gross operating margin -€27,316
down €27,316, from €4,038 to -€23,278
- Financial charges -€5,488
down €5,488 (-40.4%), from €13,592 to €8,104
- Write-downs +€2,356
new in 2025: €2,356
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 | €349,687 | €99,073 | -€250,614 | -71.7% |
| Fixed assets | 21/28 | €3,457 | €346 | -€3,111 | -90.0% |
| Tangible fixed assets | 22/27 | €573 | €296 | -€277 | -48.3% |
| Plant, machinery and equipment | 23 | €318 | - | -€318 | |
| Furniture and vehicles | 24 | €255 | €296 | +€41 | +16.1% |
| Financial fixed assets | 28 | €2,884 | €50 | -€2,834 | -98.3% |
| Current assets | 29/58 | €346,230 | €98,727 | -€247,503 | -71.5% |
| Stocks and contracts in progress | 3 | €137,901 | €22,563 | -€115,338 | -83.6% |
| Stocks | 30/36 | €137,901 | €22,563 | -€115,338 | -83.6% |
| Amounts receivable within one year | 40/41 | €85,452 | €29,857 | -€55,595 | -65.1% |
| Trade receivables | 40 | €79,965 | €28,512 | -€51,453 | -64.3% |
| Other amounts receivable | 41 | €5,487 | €1,345 | -€4,142 | -75.5% |
| Cash at bank and in hand | 54/58 | €120,235 | €45,762 | -€74,473 | -61.9% |
| Deferred charges and accrued income | 490/1 | €2,642 | €545 | -€2,097 | -79.4% |
| Total equity and liabilities | 10/49 | €349,687 | €99,073 | -€250,614 | -71.7% |
| Equity | 10/15 | €114,984 | €45,070 | -€69,914 | -60.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €111,290 | €111,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €108,290 | €108,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,306 | -€96,220 | -€69,914 | -265.8% |
| Amounts payable | 17/49 | €234,703 | €54,003 | -€180,700 | -77.0% |
| Amounts payable within one year | 42/48 | €234,703 | €54,003 | -€180,700 | -77.0% |
| Financial debts | 43 | €200,000 | - | -€200,000 | |
| Other loans | 439 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €16,897 | €12,263 | -€4,634 | -27.4% |
| Suppliers | 440/4 | €16,897 | €11,819 | -€5,078 | -30.1% |
| Bills of exchange payable | 441 | - | €444 | +€444 | |
| Taxes, remuneration and social security | 45 | €140 | €283 | +€143 | +102.1% |
| Taxes | 450/3 | €140 | €283 | +€143 | +102.1% |
| Other amounts payable | 47/48 | €17,666 | €41,457 | +€23,791 | +134.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €641 | -€216 | -25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,356 | +€2,356 | |
| Other operating charges | 640/8 | €2,828 | €35,486 | +€32,658 | +1154.8% |
| Gross operating margin | 9900 | €4,038 | -€23,278 | -€27,316 | |
| Operating profit (loss) | 9901 | €353 | -€61,761 | -€62,114 | |
| Financial income | 75/76B | €1 | €95 | +€94 | +9400.0% |
| Recurring financial income | 75 | €1 | €95 | +€94 | +9400.0% |
| Financial charges | 65/66B | €13,592 | €8,104 | -€5,488 | -40.4% |
| Recurring financial charges | 65 | €13,592 | €8,104 | -€5,488 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,238 | -€69,770 | -€56,532 | -427.0% |
| Income taxes | 67/77 | €140 | €144 | +€4 | +2.9% |
| Profit (loss) for the period | 9904 | -€13,378 | -€69,914 | -€56,536 | -422.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,378 | -€69,914 | -€56,536 | -422.6% |
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 4 October 2026 via checked.be.