CAR TRUST: 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 TRUST
Largest movements
- Tangible fixed assets -€6,786
down €6,786 (-2.8%), from €246,322 to €239,536
of which Land and buildings: -€9,157
- Receivables within one year +€2,959
up €2,959 (+757.9%), from €390 to €3,349
of which Trade receivables: +€2,433
- Debts after one year -€26,234
down €26,234 (-47.1%), from €55,667 to €29,433
- Reserves +€17,084
up €17,084 (+32.9%), from €51,860 to €68,944
of which Distributable reserves: +€17,084
- Tax, wage and social debts +€7,008
up €7,008 (+43.4%), from €16,164 to €23,172
of which Taxes: +€6,350
- Current portion of long-term debt -€3,433
down €3,433 (-11.6%), from €29,667 to €26,234
- Trade debts +€2,914
up €2,914 (+166.4%), from €1,751 to €4,665
- Gross operating margin -€16,046
down €16,046 (-19.8%), from €81,032 to €64,986
- Staff costs -€6,795
down €6,795 (-22.2%), from €30,671 to €23,875
- Taxes +€1,960
up €1,960 (+29.7%), from €6,602 to €8,561
- Financial income +€1,510
up €1,510 (+807.9%), from €187 to €1,697
- Financial charges -€895
down €895 (-14.7%), from €6,074 to €5,178
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 | €271,395 | €266,448 | -€4,948 | -1.8% |
| Fixed assets | 21/28 | €246,685 | €239,899 | -€6,786 | -2.8% |
| Tangible fixed assets | 22/27 | €246,322 | €239,536 | -€6,786 | -2.8% |
| Land and buildings | 22 | €246,322 | €237,165 | -€9,157 | -3.7% |
| Plant, machinery and equipment | 23 | - | €2,370 | +€2,370 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €24,710 | €26,549 | +€1,839 | +7.4% |
| Stocks and contracts in progress | 3 | €6,395 | €5,989 | -€406 | -6.3% |
| Stocks | 30/36 | €6,395 | €5,989 | -€406 | -6.3% |
| Amounts receivable within one year | 40/41 | €390 | €3,349 | +€2,959 | +757.9% |
| Trade receivables | 40 | €390 | €2,823 | +€2,433 | +623.2% |
| Other amounts receivable | 41 | - | €526 | +€526 | |
| Current investments | 50/53 | €70 | €0 | -€70 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,856 | €15,266 | -€2,590 | -14.5% |
| Deferred charges and accrued income | 490/1 | - | €1,945 | +€1,945 | |
| Total equity and liabilities | 10/49 | €271,395 | €266,448 | -€4,948 | -1.8% |
| Equity | 10/15 | €135,753 | €152,838 | +€17,084 | +12.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €68,944 | +€17,084 | +32.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €51,860 | €68,944 | +€17,084 | +32.9% |
| Profit (loss) carried forward | 14 | €71,493 | €71,493 | = | 0.0% |
| Amounts payable | 17/49 | €135,642 | €113,610 | -€22,032 | -16.2% |
| Amounts payable after more than one year | 17 | €55,667 | €29,433 | -€26,234 | -47.1% |
| Financial debts | 170/4 | €55,667 | €29,433 | -€26,234 | -47.1% |
| Amounts payable within one year | 42/48 | €79,975 | €84,177 | +€4,202 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €29,667 | €26,234 | -€3,433 | -11.6% |
| Trade debts | 44 | €1,751 | €4,665 | +€2,914 | +166.4% |
| Suppliers | 440/4 | €1,751 | €4,665 | +€2,914 | +166.4% |
| Advances received on contracts in progress | 46 | €2,100 | €0 | -€2,100 | -100.0% |
| Taxes, remuneration and social security | 45 | €16,164 | €23,172 | +€7,008 | +43.4% |
| Taxes | 450/3 | €13,651 | €20,001 | +€6,350 | +46.5% |
| Remuneration and social security | 454/9 | €2,513 | €3,171 | +€658 | +26.2% |
| Other amounts payable | 47/48 | €30,293 | €30,106 | -€187 | -0.6% |
| Non-recurring operating income | 76A | €888 | €0 | -€888 | -100.0% |
| Remuneration, social security and pensions | 62 | €30,671 | €23,875 | -€6,795 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,157 | €9,226 | +€70 | +0.8% |
| Other operating charges | 640/8 | €3,299 | €2,758 | -€541 | -16.4% |
| Gross operating margin | 9900 | €81,032 | €64,986 | -€16,046 | -19.8% |
| Operating profit (loss) | 9901 | €37,906 | €29,126 | -€8,779 | -23.2% |
| Financial income | 75/76B | €187 | €1,697 | +€1,510 | +807.9% |
| Recurring financial income | 75 | €187 | €1,697 | +€1,510 | +807.9% |
| Financial charges | 65/66B | €6,074 | €5,178 | -€895 | -14.7% |
| Recurring financial charges | 65 | €6,074 | €5,178 | -€895 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €32,019 | €25,646 | -€6,373 | -19.9% |
| Income taxes | 67/77 | €6,602 | €8,561 | +€1,960 | +29.7% |
| Profit (loss) for the period | 9904 | €25,417 | €17,084 | -€8,333 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,417 | €17,084 | -€8,333 | -32.8% |
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 10 October 2026 via checked.be.