CAR SPECIAL: 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 SPECIAL
Largest movements
- Stocks and contracts +€161,975
up €161,975 (+29.9%), from €542,153 to €704,127
- Receivables within one year +€76,299
up €76,299 (+759%), from €10,054 to €86,353
of which Trade receivables: +€68,750
- Cash -€26,169
down €26,169 (-15.7%), from €167,198 to €141,029
mainly Stocks and contracts (-€161,975) and Receivables within one year (-€76,299)
- Tangible fixed assets -€19,277
down €19,277 (-32.9%), from €58,673 to €39,397
of which Furniture and vehicles: -€20,761
- Other debts +€120,322
up €120,322 (+23.6%), from €509,624 to €629,945
- Trade debts +€58,994
up €58,994 (+13,672%), from €432 to €59,425
- Profit (loss) carried forward +€43,808
up €43,808 (+26.6%), from €164,621 to €208,429
- Current portion of long-term debt -€25,925
down €25,925 (-59.7%), from €43,440 to €17,515
- Debts after one year -€17,515
down €17,515 (-47.2%), from €37,136 to €19,621
- Gross operating margin +€57,743
up €57,743 (+220%), from €26,209 to €83,952
- Taxes +€13,195
up €13,195 (+8,386%), from €157 to €13,353
- Write-downs -€9,773
down €9,773, from €8,348 to -€1,425
- Depreciation -€1,827
down €1,827 (-7.9%), from €23,207 to €21,380
- Financial charges -€1,418
down €1,418 (-33.2%), from €4,268 to €2,850
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 | €778,910 | €971,788 | +€192,878 | +24.8% |
| Fixed assets | 21/28 | €58,808 | €39,532 | -€19,277 | -32.8% |
| Tangible fixed assets | 22/27 | €58,673 | €39,397 | -€19,277 | -32.9% |
| Plant, machinery and equipment | 23 | €506 | €240 | -€266 | -52.7% |
| Furniture and vehicles | 24 | €57,653 | €36,893 | -€20,761 | -36.0% |
| Other tangible fixed assets | 26 | €514 | €2,265 | +€1,751 | +340% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €720,102 | €932,256 | +€212,155 | +29.5% |
| Stocks and contracts in progress | 3 | €542,153 | €704,127 | +€161,975 | +29.9% |
| Stocks | 30/36 | €542,153 | €704,127 | +€161,975 | +29.9% |
| Amounts receivable within one year | 40/41 | €10,054 | €86,353 | +€76,299 | +759% |
| Trade receivables | 40 | - | €68,750 | +€68,750 | |
| Other amounts receivable | 41 | €10,054 | €17,603 | +€7,549 | +75.1% |
| Cash at bank and in hand | 54/58 | €167,198 | €141,029 | -€26,169 | -15.7% |
| Deferred charges and accrued income | 490/1 | €698 | €747 | +€50 | +7.1% |
| Total equity and liabilities | 10/49 | €778,910 | €971,788 | +€192,878 | +24.8% |
| Equity | 10/15 | €186,621 | €230,429 | +€43,808 | +23.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,621 | €208,429 | +€43,808 | +26.6% |
| Amounts payable | 17/49 | €592,289 | €741,360 | +€149,071 | +25.2% |
| Amounts payable after more than one year | 17 | €37,136 | €19,621 | -€17,515 | -47.2% |
| Financial debts | 170/4 | €37,136 | €19,621 | -€17,515 | -47.2% |
| Amounts payable within one year | 42/48 | €555,153 | €721,738 | +€166,586 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €43,440 | €17,515 | -€25,925 | -59.7% |
| Trade debts | 44 | €432 | €59,425 | +€58,994 | +13,672% |
| Suppliers | 440/4 | €432 | €59,425 | +€58,994 | +13,672% |
| Taxes, remuneration and social security | 45 | €1,657 | €14,853 | +€13,195 | +796% |
| Taxes | 450/3 | €1,657 | €14,853 | +€13,195 | +796% |
| Other amounts payable | 47/48 | €509,624 | €629,945 | +€120,322 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,207 | €21,380 | -€1,827 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,348 | -€1,425 | -€9,773 | |
| Other operating charges | 640/8 | €3,879 | €3,991 | +€111 | +2.9% |
| Gross operating margin | 9900 | €26,209 | €83,952 | +€57,743 | +220% |
| Operating profit (loss) | 9901 | -€9,225 | €60,006 | +€69,231 | |
| Financial income | 75/76B | €42 | €4 | -€37 | -89.6% |
| Recurring financial income | 75 | €42 | €4 | -€37 | -89.6% |
| Financial charges | 65/66B | €4,268 | €2,850 | -€1,418 | -33.2% |
| Recurring financial charges | 65 | €4,268 | €2,850 | -€1,418 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,452 | €57,160 | +€70,612 | |
| Income taxes | 67/77 | €157 | €13,353 | +€13,195 | +8,386% |
| Profit (loss) for the period | 9904 | -€13,609 | €43,808 | +€57,417 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,609 | €43,808 | +€57,417 |
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.