CARGLASS: 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.
What changed
CARGLASS
NACE 95.313, Repair and fitting of specific motor vehicle parts
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51.6m
2024 · €2.05bn-€2.00bn
Equity
€476.4m
2024 · €424.8m+€51.6m
Cash
€1.7m
2024 · €1.4m+€231,145
Balance sheet total
€583.4m
2024 · €538.4m+€45.0m
Largest movements
Assets
- Receivables within one year +€43.8m
up €43.8m (+31.3%), from €139.6m to €183.4m
of which Other amounts receivable: +€49.6m
Equity and liabilities
- Profit (loss) carried forward +€51.6m
up €51.6m (+28.8%), from €179.3m to €230.9m
- Tax, wage and social debts -€13.1m
down €13.1m (-22.7%), from €57.9m to €44.8m
of which Taxes: -€13.6m
Income statement
- Financial income -€2.00bn
down €2.00bn (-98.5%), from €2.03bn to €30.6m
- Turnover +€19.6m
up €19.6m (+4.9%), from €398.3m to €417.9m
- Goods and materials +€14.9m
up €14.9m (+6.8%), from €218.4m to €233.3m
of which Change in stocks: decrease (increase): +€15.3m
- Taxes -€7.5m
down €7.5m (-42.3%), from €17.8m to €10.3m
of which Taxes: -€7.6m
- Services and other goods +€6.8m
up €6.8m (+8.2%), from €82.7m to €89.5m
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.
Result 2024
€2.05bn
Turnover
+€19.6m
Other operating income
+€849,072
Goods and materials
-€14.9m
Services and other goods
-€6.8m
Staff costs
-€5.2m
Depreciation
+€1.7m
Write-downs
+€834,946
Provisions
+€437,850
Other operating charges
+€121,951
Other operating items
+€77,164
Financial income
-€2.00bn
Financial charges
-€52,622
Taxes
+€7.5m
Result 2025
€51.6m
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.
From operations
+€5.4m
Investment
-€5.4m
Financing
+€265,442
Cash 2024
€1.4m
From operations (derived)
+€5.4m
Net result for the year
+€51.6m
Depreciation
+€5.1m
Receivables after one year
+€1.8m
Stocks and contracts
-€2.3m
Receivables within one year
-€43.8m
Deferred charges and accrued income
-€99,590
Provisions
+€2.3m
Trade debts
+€4.1m
Tax, wage and social debts
-€13.1m
Other debts
-€142,486
Investment (derived)
-€5.4m
Investment in fixed assets (net)
-€5.1m
Current investments
-€328,886
Financing
+€265,442
Debts after one year
+€74,443
Current portion of long-term debt
+€190,999
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,433,329 | €583,412,131 | +€45.0m | +8.4% |
| Fixed assets | 21/28 | €321,694,120 | €321,702,539 | +€8,420 | 0.0% |
| Intangible fixed assets | 21 | €4,620,629 | €5,155,482 | +€534,853 | +11.6% |
| Tangible fixed assets | 22/27 | €12,348,617 | €11,822,184 | -€526,433 | -4.3% |
| Plant, machinery and equipment | 23 | €1,223,514 | €961,259 | -€262,255 | -21.4% |
| Furniture and vehicles | 24 | €604,503 | €554,109 | -€50,394 | -8.3% |
| Leasing and similar rights | 25 | €2,082,374 | €2,301,877 | +€219,504 | +10.5% |
| Other tangible fixed assets | 26 | €6,770,650 | €7,674,854 | +€904,203 | +13.4% |
| Assets under construction and advance payments | 27 | €1,667,576 | €330,085 | -€1.3m | -80.2% |
| Financial fixed assets | 28 | €304,724,873 | €304,724,873 | = | 0.0% |
| Affiliated companies | 280/1 | €304,724,873 | €304,724,873 | = | 0.0% |
| Participating interests | 280 | €304,724,873 | €304,724,873 | = | 0.0% |
| Current assets | 29/58 | €216,739,209 | €261,709,592 | +€45.0m | +20.7% |
| Amounts receivable after more than one year | 29 | €5,788,571 | €4,005,975 | -€1.8m | -30.8% |
| Other amounts receivable | 291 | €5,788,571 | €4,005,975 | -€1.8m | -30.8% |
| Stocks and contracts in progress | 3 | €67,847,145 | €70,174,093 | +€2.3m | +3.4% |
| Stocks | 30/36 | €67,847,145 | €70,174,093 | +€2.3m | +3.4% |
| Goods purchased for resale | 34 | €67,847,145 | €70,174,093 | +€2.3m | +3.4% |
| Amounts receivable within one year | 40/41 | €139,625,995 | €183,392,405 | +€43.8m | +31.3% |
| Trade receivables | 40 | €41,528,981 | €35,722,498 | -€5.8m | -14.0% |
| Other amounts receivable | 41 | €98,097,015 | €147,669,907 | +€49.6m | +50.5% |
| Current investments | 50/53 | €1,236,903 | €1,565,789 | +€328,886 | +26.6% |
| Other investments | 51/53 | €1,236,903 | €1,565,789 | +€328,886 | +26.6% |
| Cash at bank and in hand | 54/58 | €1,428,240 | €1,659,385 | +€231,145 | +16.2% |
| Deferred charges and accrued income | 490/1 | €812,355 | €911,945 | +€99,590 | +12.3% |
| Total equity and liabilities | 10/49 | €538,433,329 | €583,412,131 | +€45.0m | +8.4% |
| Equity | 10/15 | €424,820,218 | €476,442,817 | +€51.6m | +12.2% |
| Contributions | 10/11 | €223,228,729 | €223,228,729 | = | 0.0% |
| Capital | 10 | €223,228,729 | €223,228,729 | = | 0.0% |
| Issued capital | 100 | €223,228,729 | €223,228,729 | = | 0.0% |
| Reserves | 13 | €22,322,873 | €22,322,873 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,322,873 | €22,322,873 | = | 0.0% |
| Legal reserve | 130 | €22,322,873 | €22,322,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,268,617 | €230,891,215 | +€51.6m | +28.8% |
| Provisions and deferred taxes | 16 | €6,717,847 | €9,027,641 | +€2.3m | +34.4% |
| Provisions for liabilities and charges | 160/5 | €6,717,847 | €9,027,641 | +€2.3m | +34.4% |
| Other liabilities and charges | 164/5 | €6,717,847 | €9,027,641 | +€2.3m | +34.4% |
| Amounts payable | 17/49 | €106,895,263 | €97,941,673 | -€9.0m | -8.4% |
| Amounts payable after more than one year | 17 | €1,489,830 | €1,564,273 | +€74,443 | +5.0% |
| Financial debts | 170/4 | €1,489,830 | €1,564,273 | +€74,443 | +5.0% |
| Leasing and similar obligations | 172 | €1,489,830 | €1,564,273 | +€74,443 | +5.0% |
| Amounts payable within one year | 42/48 | €105,405,433 | €96,377,400 | -€9.0m | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €803,513 | €994,512 | +€190,999 | +23.8% |
| Trade debts | 44 | €45,988,993 | €50,058,220 | +€4.1m | +8.8% |
| Suppliers | 440/4 | €45,988,993 | €50,058,220 | +€4.1m | +8.8% |
| Taxes, remuneration and social security | 45 | €57,946,969 | €44,801,196 | -€13.1m | -22.7% |
| Taxes | 450/3 | €44,494,718 | €30,915,397 | -€13.6m | -30.5% |
| Remuneration and social security | 454/9 | €13,452,251 | €13,885,799 | +€433,548 | +3.2% |
| Other amounts payable | 47/48 | €665,958 | €523,472 | -€142,486 | -21.4% |
| Operating income | 70/76A | €406,045,371 | €426,561,087 | +€20.5m | +5.1% |
| Turnover | 70 | €398,292,742 | €417,882,222 | +€19.6m | +4.9% |
| Other operating income | 74 | €7,603,403 | €8,452,475 | +€849,072 | +11.2% |
| Non-recurring operating income | 76A | €149,225 | €226,390 | +€77,164 | +51.7% |
| Operating charges | 60/66A | €370,915,425 | €394,708,007 | +€23.8m | +6.4% |
| Goods for resale, raw materials and consumables | 60 | €218,436,911 | €233,319,091 | +€14.9m | +6.8% |
| Purchases | 600/8 | €235,701,242 | €235,240,178 | -€461,063 | -0.2% |
| Change in stocks: decrease (increase) | 609 | -€17,264,331 | -€1,921,087 | +€15.3m | +88.9% |
| Services and other goods | 61 | €82,749,968 | €89,517,599 | +€6.8m | +8.2% |
| Remuneration, social security and pensions | 62 | €59,615,041 | €64,810,821 | +€5.2m | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,766,804 | €5,108,541 | -€1.7m | -24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €419,086 | -€415,860 | -€834,946 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,747,644 | €2,309,795 | -€437,850 | -15.9% |
| Other operating charges | 640/8 | €179,971 | €58,020 | -€121,951 | -67.8% |
| Operating profit (loss) | 9901 | €35,129,947 | €31,853,080 | -€3.3m | -9.3% |
| Financial income | 75/76B | €2,030,607,639 | €30,604,662 | -€2.00bn | -98.5% |
| Recurring financial income | 75 | €2,030,607,639 | €30,604,662 | -€2.00bn | -98.5% |
| Income from financial fixed assets | 750 | €2,003,118,408 | €28,298,441 | -€1.97bn | -98.6% |
| Income from current assets | 751 | €27,149,382 | €1,942,999 | -€25.2m | -92.8% |
| Other financial income | 752/9 | €339,849 | €363,222 | +€23,373 | +6.9% |
| Financial charges | 65/66B | €500,791 | €553,413 | +€52,622 | +10.5% |
| Recurring financial charges | 65 | €500,791 | €553,413 | +€52,622 | +10.5% |
| Debt charges | 650 | €91,931 | €126,708 | +€34,777 | +37.8% |
| Other financial charges | 652/9 | €408,860 | €426,705 | +€17,845 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €2,065,236,794 | €61,904,329 | -€2.00bn | -97.0% |
| Income taxes | 67/77 | €17,808,241 | €10,281,730 | -€7.5m | -42.3% |
| Taxes | 670/3 | €17,875,646 | €10,319,500 | -€7.6m | -42.3% |
| Tax adjustments and reversals of tax provisions | 77 | €67,406 | €37,770 | -€29,636 | -44.0% |
| Profit (loss) for the period | 9904 | €2,047,428,553 | €51,622,599 | -€2.00bn | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,047,428,553 | €51,622,599 | -€2.00bn | -97.5% |
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 3 October 2026 via checked.be.