CARMAX: 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.
CARMAX
Largest movements
- Stocks and contracts -€316,543
no longer reported in 2024 (was €316,543)
- Receivables within one year +€82,372
up €82,372 (+30.6%), from €269,525 to €351,896
of which Other amounts receivable: +€226,636
- Deferred charges and accrued income +€66,526
new in 2024: €66,526
- Cash -€7,034
down €7,034 (-60.1%), from €11,697 to €4,663
mainly Trade debts (-€192,980) and Receivables within one year (-€82,372)
- Trade debts -€192,980
down €192,980 (-71.8%), from €268,814 to €75,834
- Tax, wage and social debts +€84,060
up €84,060 (+343.6%), from €24,464 to €108,523
- Profit (loss) carried forward -€74,209
down €74,209 (-32.1%), from -€230,961 to -€305,170
- Short-term financial debts -€68,138
down €68,138 (-73.2%), from €93,138 to €25,000
- Other debts +€60,785
up €60,785 (+56.0%), from €108,515 to €169,300
- Gross operating margin -€87,795
down €87,795, from €34,694 to -€53,101
- Other operating charges +€6,661
up €6,661 (+114.8%), from €5,804 to €12,465
- Depreciation -€756
down €756 (-20.4%), from €3,704 to €2,948
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,319 | €427,942 | -€177,377 | -29.3% |
| Fixed assets | 21/28 | €7,554 | €4,857 | -€2,698 | -35.7% |
| Tangible fixed assets | 22/27 | €5,834 | €2,887 | -€2,948 | -50.5% |
| Plant, machinery and equipment | 23 | €5,834 | €2,887 | -€2,948 | -50.5% |
| Financial fixed assets | 28 | €1,720 | €1,970 | +€250 | +14.5% |
| Current assets | 29/58 | €597,765 | €423,085 | -€174,680 | -29.2% |
| Stocks and contracts in progress | 3 | €316,543 | - | -€316,543 | |
| Stocks | 30/36 | €316,543 | - | -€316,543 | |
| Amounts receivable within one year | 40/41 | €269,525 | €351,896 | +€82,372 | +30.6% |
| Trade receivables | 40 | €217,773 | €73,509 | -€144,264 | -66.2% |
| Other amounts receivable | 41 | €51,752 | €278,388 | +€226,636 | +437.9% |
| Cash at bank and in hand | 54/58 | €11,697 | €4,663 | -€7,034 | -60.1% |
| Deferred charges and accrued income | 490/1 | - | €66,526 | +€66,526 | |
| Total equity and liabilities | 10/49 | €605,319 | €427,942 | -€177,377 | -29.3% |
| Equity | 10/15 | €34,129 | -€40,080 | -€74,209 | |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €90 | €90 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90 | €90 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90 | €90 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,961 | -€305,170 | -€74,209 | -32.1% |
| Amounts payable | 17/49 | €571,190 | €468,022 | -€103,168 | -18.1% |
| Amounts payable after more than one year | 17 | €50,635 | €15,421 | -€35,214 | -69.5% |
| Financial debts | 170/4 | €44,980 | €15,421 | -€29,559 | -65.7% |
| Other amounts payable | 178/9 | €5,655 | - | -€5,655 | |
| Amounts payable within one year | 42/48 | €520,555 | €452,600 | -€67,955 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €25,625 | €73,944 | +€48,319 | +188.6% |
| Financial debts | 43 | €93,138 | €25,000 | -€68,138 | -73.2% |
| Credit institutions | 430/8 | €93,138 | €25,000 | -€68,138 | -73.2% |
| Trade debts | 44 | €268,814 | €75,834 | -€192,980 | -71.8% |
| Suppliers | 440/4 | €268,814 | €75,834 | -€192,980 | -71.8% |
| Taxes, remuneration and social security | 45 | €24,464 | €108,523 | +€84,060 | +343.6% |
| Taxes | 450/3 | €24,464 | €108,523 | +€84,060 | +343.6% |
| Other amounts payable | 47/48 | €108,515 | €169,300 | +€60,785 | +56.0% |
| Remuneration, social security and pensions | 62 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,704 | €2,948 | -€756 | -20.4% |
| Other operating charges | 640/8 | €5,804 | €12,465 | +€6,661 | +114.8% |
| Gross operating margin | 9900 | €34,694 | -€53,101 | -€87,795 | |
| Operating profit (loss) | 9901 | €25,187 | -€69,014 | -€94,200 | |
| Financial income | 75/76B | €260 | €400 | +€140 | +53.7% |
| Recurring financial income | 75 | €260 | €400 | +€140 | +53.7% |
| Financial charges | 65/66B | €5,377 | €5,595 | +€218 | +4.1% |
| Recurring financial charges | 65 | €5,377 | €5,595 | +€218 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €20,070 | -€74,209 | -€94,279 | |
| Profit (loss) for the period | 9904 | €20,070 | -€74,209 | -€94,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,070 | -€74,209 | -€94,279 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.