CARCORNER: 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.
CARCORNER
Largest movements
- Tangible fixed assets +€72,458
new in 2025: €72,458
- Financial fixed assets -€39,996
down €39,996 (-5.7%), from €706,836 to €666,840
- Receivables within one year -€15,084
down €15,084 (-83.1%), from €18,150 to €3,066
of which Trade receivables: -€18,150
- Cash -€14,263
down €14,263 (-66.2%), from €21,542 to €7,279
mainly Investment in fixed assets (net) (-€40,850) and Debts after one year (-€31,919)
- Reserves +€60,000
up €60,000 (+13.0%), from €461,000 to €521,000
of which Distributable reserves: +€60,000
- Debts after one year -€31,919
down €31,919 (-48.7%), from €65,489 to €33,570
- Current portion of long-term debt -€17,241
down €17,241 (-26.5%), from €65,156 to €47,915
- Other debts -€9,219
down €9,219 (-37.2%), from €24,753 to €15,534
- Financial income +€39,200
up €39,200 (+1433.8%), from €2,734 to €41,934
- Gross operating margin -€17,058
down €17,058 (-31.7%), from €53,766 to €36,708
- Depreciation +€8,108
up €8,108 (+2890.5%), from €281 to €8,389
- Taxes -€6,084
down €6,084 (-46.7%), from €13,018 to €6,934
- Financial charges -€1,002
down €1,002 (-28.5%), from €3,516 to €2,514
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 | €746,528 | €749,643 | +€3,115 | +0.4% |
| Fixed assets | 21/28 | €706,836 | €739,298 | +€32,462 | +4.6% |
| Tangible fixed assets | 22/27 | - | €72,458 | +€72,458 | |
| Furniture and vehicles | 24 | - | €72,458 | +€72,458 | |
| Financial fixed assets | 28 | €706,836 | €666,840 | -€39,996 | -5.7% |
| Current assets | 29/58 | €39,692 | €10,345 | -€29,346 | -73.9% |
| Amounts receivable within one year | 40/41 | €18,150 | €3,066 | -€15,084 | -83.1% |
| Trade receivables | 40 | €18,150 | - | -€18,150 | |
| Other amounts receivable | 41 | - | €3,066 | +€3,066 | |
| Cash at bank and in hand | 54/58 | €21,542 | €7,279 | -€14,263 | -66.2% |
| Total equity and liabilities | 10/49 | €746,528 | €749,643 | +€3,115 | +0.4% |
| Equity | 10/15 | €577,118 | €637,180 | +€60,063 | +10.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €461,000 | €521,000 | +€60,000 | +13.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €451,000 | €511,000 | +€60,000 | +13.3% |
| Profit (loss) carried forward | 14 | €16,118 | €16,180 | +€63 | +0.4% |
| Amounts payable | 17/49 | €169,410 | €112,463 | -€56,948 | -33.6% |
| Amounts payable after more than one year | 17 | €65,489 | €33,570 | -€31,919 | -48.7% |
| Financial debts | 170/4 | €65,489 | €33,570 | -€31,919 | -48.7% |
| Amounts payable within one year | 42/48 | €103,921 | €78,892 | -€25,029 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €65,156 | €47,915 | -€17,241 | -26.5% |
| Trade debts | 44 | €3,741 | €6,897 | +€3,156 | +84.4% |
| Suppliers | 440/4 | €3,741 | €6,897 | +€3,156 | +84.4% |
| Taxes, remuneration and social security | 45 | €10,271 | €8,546 | -€1,725 | -16.8% |
| Taxes | 450/3 | €10,271 | €8,546 | -€1,725 | -16.8% |
| Other amounts payable | 47/48 | €24,753 | €15,534 | -€9,219 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €8,389 | +€8,108 | +2890.5% |
| Other operating charges | 640/8 | €968 | €743 | -€224 | -23.2% |
| Gross operating margin | 9900 | €53,766 | €36,708 | -€17,058 | -31.7% |
| Operating profit (loss) | 9901 | €52,518 | €27,576 | -€24,942 | -47.5% |
| Financial income | 75/76B | €2,734 | €41,934 | +€39,200 | +1433.8% |
| Recurring financial income | 75 | €2,734 | €41,934 | +€39,200 | +1433.8% |
| Financial charges | 65/66B | €3,516 | €2,514 | -€1,002 | -28.5% |
| Recurring financial charges | 65 | €3,516 | €2,514 | -€1,002 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €51,736 | €66,996 | +€15,260 | +29.5% |
| Income taxes | 67/77 | €13,018 | €6,934 | -€6,084 | -46.7% |
| Profit (loss) for the period | 9904 | €38,718 | €60,063 | +€21,344 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,718 | €60,063 | +€21,344 | +55.1% |
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 2 October 2026 via checked.be.