CAR WAR: 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 WAR
Largest movements
- Stocks and contracts -€28,000
down €28,000 (-23.5%), from €119,044 to €91,045
- Receivables within one year +€18,292
up €18,292 (+31581.6%), from €58 to €18,350
of which Trade receivables: +€18,350
- Cash -€10,785
down €10,785 (-68.5%), from €15,755 to €4,971
mainly Other debts (-€18,790) and Receivables within one year (-€18,292)
- Tangible fixed assets -€3,000
down €3,000 (-32.7%), from €9,167 to €6,167
- Other debts -€18,790
down €18,790 (-18.5%), from €101,716 to €82,926
- Trade debts -€7,769
down €7,769 (-58.1%), from €13,377 to €5,608
- Reserves +€3,409
up €3,409 (+58.1%), from €5,863 to €9,272
- Gross operating margin +€8,374
up €8,374 (+70.4%), from €11,887 to €20,262
- Taxes +€3,135
up €3,135 (+182.2%), from €1,721 to €4,856
- Financial income -€830
down €830 (-94.2%), from €881 to €51
- Other operating charges -€645
down €645 (-14.5%), from €4,455 to €3,810
- Financial charges -€402
down €402 (-72.4%), from €555 to €153
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 | €144,024 | €120,532 | -€23,492 | -16.3% |
| Fixed assets | 21/28 | €9,167 | €6,167 | -€3,000 | -32.7% |
| Tangible fixed assets | 22/27 | €9,167 | €6,167 | -€3,000 | -32.7% |
| Furniture and vehicles | 24 | €9,167 | €6,167 | -€3,000 | -32.7% |
| Current assets | 29/58 | €134,858 | €114,365 | -€20,492 | -15.2% |
| Stocks and contracts in progress | 3 | €119,044 | €91,045 | -€28,000 | -23.5% |
| Stocks | 30/36 | €119,044 | €91,045 | -€28,000 | -23.5% |
| Amounts receivable within one year | 40/41 | €58 | €18,350 | +€18,292 | +31581.6% |
| Trade receivables | 40 | - | €18,350 | +€18,350 | |
| Other amounts receivable | 41 | €58 | - | -€58 | |
| Cash at bank and in hand | 54/58 | €15,755 | €4,971 | -€10,785 | -68.5% |
| Total equity and liabilities | 10/49 | €144,024 | €120,532 | -€23,492 | -16.3% |
| Equity | 10/15 | €24,463 | €27,872 | +€3,409 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,863 | €9,272 | +€3,409 | +58.1% |
| Distributable reserves | 133 | €5,863 | €9,272 | +€3,409 | +58.1% |
| Amounts payable | 17/49 | €119,562 | €92,661 | -€26,901 | -22.5% |
| Amounts payable within one year | 42/48 | €118,236 | €92,661 | -€25,575 | -21.6% |
| Financial debts | 43 | €28 | - | -€28 | |
| Credit institutions | 430/8 | €28 | - | -€28 | |
| Trade debts | 44 | €13,377 | €5,608 | -€7,769 | -58.1% |
| Suppliers | 440/4 | €13,377 | €5,608 | -€7,769 | -58.1% |
| Taxes, remuneration and social security | 45 | €3,115 | €4,126 | +€1,011 | +32.5% |
| Taxes | 450/3 | €1,241 | €2,826 | +€1,586 | +127.8% |
| Remuneration and social security | 454/9 | €1,874 | €1,300 | -€574 | -30.6% |
| Other amounts payable | 47/48 | €101,716 | €82,926 | -€18,790 | -18.5% |
| Accrued charges and deferred income | 492/3 | €1,326 | - | -€1,326 | |
| Non-recurring operating income | 76A | €2,063 | €1,101 | -€961 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,333 | €2,500 | +€167 | +7.1% |
| Other operating charges | 640/8 | €4,455 | €3,810 | -€645 | -14.5% |
| Non-recurring operating charges | 66A | €6,304 | €5,585 | -€719 | -11.4% |
| Gross operating margin | 9900 | €11,887 | €20,262 | +€8,374 | +70.4% |
| Operating profit (loss) | 9901 | -€1,205 | €8,366 | +€9,571 | |
| Financial income | 75/76B | €881 | €51 | -€830 | -94.2% |
| Recurring financial income | 75 | €881 | €51 | -€830 | -94.2% |
| Financial charges | 65/66B | €555 | €153 | -€402 | -72.4% |
| Recurring financial charges | 65 | €555 | €153 | -€402 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | -€878 | €8,264 | +€9,143 | |
| Income taxes | 67/77 | €1,721 | €4,856 | +€3,135 | +182.2% |
| Profit (loss) for the period | 9904 | -€2,599 | €3,409 | +€6,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,599 | €3,409 | +€6,008 |
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.