CARFRIG: 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.
CARFRIG
Largest movements
- Tangible fixed assets -€372,483
down €372,483 (-26.8%), from €1.4m to €1.0m
of which Other tangible fixed assets: -€251,428
- Receivables within one year +€298,731
up €298,731 (+18.3%), from €1.6m to €1.9m
of which Trade receivables: +€397,204
- Cash +€135,201
up €135,201 (+117.5%), from €115,051 to €250,252
mainly Depreciation (+€516,483) and Net result for the year (+€387,779)
- Debts after one year -€244,643
down €244,643 (-91.4%), from €267,781 to €23,138
of which Financial debts: -€244,643
- Profit (loss) carried forward +€187,779
up €187,779 (+15.8%), from €1.2m to €1.4m
- Trade debts +€177,481
up €177,481 (+401.8%), from €44,174 to €221,654
- Other debts -€170,802
down €170,802 (-14.7%), from €1.2m to €994,029
- Tax, wage and social debts +€83,839
up €83,839 (+44.6%), from €188,042 to €271,881
of which Taxes: +€57,807
- Staff costs +€119,863
up €119,863 (+15.4%), from €779,178 to €899,041
- Taxes +€63,587
up €63,587 (+300.6%), from €21,152 to €84,740
- Gross operating margin -€63,316
down €63,316 (-3.1%), from €2.0m to €1.9m
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 | €3,172,796 | €3,252,055 | +€79,260 | +2.5% |
| Fixed assets | 21/28 | €1,390,433 | €1,017,950 | -€372,483 | -26.8% |
| Tangible fixed assets | 22/27 | €1,390,417 | €1,017,933 | -€372,483 | -26.8% |
| Land and buildings | 22 | €460,936 | €438,018 | -€22,919 | -5.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €253,429 | €155,293 | -€98,136 | -38.7% |
| Other tangible fixed assets | 26 | €676,051 | €424,623 | -€251,428 | -37.2% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €1,782,362 | €2,234,105 | +€451,743 | +25.3% |
| Amounts receivable within one year | 40/41 | €1,632,937 | €1,931,668 | +€298,731 | +18.3% |
| Trade receivables | 40 | €1,002,295 | €1,399,499 | +€397,204 | +39.6% |
| Other amounts receivable | 41 | €630,641 | €532,169 | -€98,472 | -15.6% |
| Cash at bank and in hand | 54/58 | €115,051 | €250,252 | +€135,201 | +117.5% |
| Deferred charges and accrued income | 490/1 | €34,375 | €52,185 | +€17,811 | +51.8% |
| Total equity and liabilities | 10/49 | €3,172,796 | €3,252,055 | +€79,260 | +2.5% |
| Equity | 10/15 | €1,224,576 | €1,412,355 | +€187,779 | +15.3% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €3,300 | €3,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,300 | €3,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,188,276 | €1,376,055 | +€187,779 | +15.8% |
| Amounts payable | 17/49 | €1,948,220 | €1,839,700 | -€108,519 | -5.6% |
| Amounts payable after more than one year | 17 | €267,781 | €23,138 | -€244,643 | -91.4% |
| Financial debts | 170/4 | €244,643 | €0 | -€244,643 | -100.0% |
| Other amounts payable | 178/9 | €23,138 | €23,138 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,639,346 | €1,732,208 | +€92,861 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €242,300 | €244,643 | +€2,344 | +1.0% |
| Trade debts | 44 | €44,174 | €221,654 | +€177,481 | +401.8% |
| Suppliers | 440/4 | €44,174 | €221,654 | +€177,481 | +401.8% |
| Taxes, remuneration and social security | 45 | €188,042 | €271,881 | +€83,839 | +44.6% |
| Taxes | 450/3 | €122,607 | €180,414 | +€57,807 | +47.1% |
| Remuneration and social security | 454/9 | €65,434 | €91,467 | +€26,032 | +39.8% |
| Other amounts payable | 47/48 | €1,164,832 | €994,029 | -€170,802 | -14.7% |
| Accrued charges and deferred income | 492/3 | €41,092 | €84,354 | +€43,263 | +105.3% |
| Non-recurring operating income | 76A | €22,397 | €2,000 | -€20,397 | -91.1% |
| Remuneration, social security and pensions | 62 | €779,178 | €899,041 | +€119,863 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520,319 | €516,483 | -€3,836 | -0.7% |
| Other operating charges | 640/8 | €21,372 | €33,564 | +€12,193 | +57.1% |
| Gross operating margin | 9900 | €2,010,702 | €1,947,386 | -€63,316 | -3.1% |
| Operating profit (loss) | 9901 | €689,833 | €498,297 | -€191,536 | -27.8% |
| Financial income | 75/76B | €18,649 | €21,872 | +€3,223 | +17.3% |
| Recurring financial income | 75 | €18,649 | €21,872 | +€3,223 | +17.3% |
| Financial charges | 65/66B | €45,740 | €47,650 | +€1,909 | +4.2% |
| Recurring financial charges | 65 | €45,740 | €47,650 | +€1,909 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €662,742 | €472,519 | -€190,223 | -28.7% |
| Income taxes | 67/77 | €21,152 | €84,740 | +€63,587 | +300.6% |
| Profit (loss) for the period | 9904 | €641,589 | €387,779 | -€253,810 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €641,589 | €387,779 | -€253,810 | -39.6% |
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 2 October 2026 via checked.be.