CARMAX BELUX: 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 BELUX
Largest movements
- Tangible fixed assets -€9,405
down €9,405 (-91.4%), from €10,286 to €881
of which Plant, machinery and equipment: -€5,149
- Cash -€5,101
no longer reported in 2025 (was €5,101)
mainly Net result for the year (-€11,415) and Trade debts (-€2,853)
- Receivables within one year -€621
down €621 (-58.9%), from €1,055 to €434
of which Other amounts receivable: -€467
- Formation expenses -€432
down €432 (-89.0%), from €485 to €54
- Stocks and contracts -€236
no longer reported in 2025 (was €236)
- Profit (loss) carried forward -€11,415
down €11,415 (-68.2%), from -€16,737 to -€28,152
- Trade debts -€2,853
no longer reported in 2025 (was €2,853)
- Other debts -€1,561
down €1,561 (-6.8%), from €22,905 to €21,343
- Turnover -€90,994
down €90,994 (-99.7%), from €91,230 to €236
- Purchases and services -€89,325
down €89,325 (-96.2%), from €92,850 to €3,525
- Other operating charges +€5,682
up €5,682 (+383%), from €1,485 to €7,167
- Depreciation -€2,995
down €2,995 (-78.6%), from €3,809 to €814
- Gross operating margin -€1,669
down €1,669 (-103%), from -€1,620 to -€3,290
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.
Derived cash bridge
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 | €17,164 | €1,369 | -€15,795 | -92.0% |
| Formation expenses | 20 | €485 | €54 | -€432 | -89.0% |
| Fixed assets | 21/28 | €10,286 | €881 | -€9,405 | -91.4% |
| Tangible fixed assets | 22/27 | €10,286 | €881 | -€9,405 | -91.4% |
| Plant, machinery and equipment | 23 | €6,031 | €881 | -€5,149 | -85.4% |
| Furniture and vehicles | 24 | €1,007 | - | -€1,007 | |
| Other tangible fixed assets | 26 | €3,248 | - | -€3,248 | |
| Current assets | 29/58 | €6,392 | €434 | -€5,958 | -93.2% |
| Stocks and contracts in progress | 3 | €236 | - | -€236 | |
| Stocks | 30/36 | €236 | - | -€236 | |
| Amounts receivable within one year | 40/41 | €1,055 | €434 | -€621 | -58.9% |
| Trade receivables | 40 | €154 | - | -€154 | |
| Other amounts receivable | 41 | €901 | €434 | -€467 | -51.8% |
| Cash at bank and in hand | 54/58 | €5,101 | - | -€5,101 | |
| Total equity and liabilities | 10/49 | €17,164 | €1,369 | -€15,795 | -92.0% |
| Equity | 10/15 | -€8,737 | -€20,152 | -€11,415 | -131% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,737 | -€28,152 | -€11,415 | -68.2% |
| Amounts payable | 17/49 | €25,901 | €21,521 | -€4,380 | -16.9% |
| Amounts payable within one year | 42/48 | €25,901 | €21,521 | -€4,380 | -16.9% |
| Trade debts | 44 | €2,853 | - | -€2,853 | |
| Suppliers | 440/4 | €2,853 | - | -€2,853 | |
| Taxes, remuneration and social security | 45 | €143 | €177 | +€35 | +24.3% |
| Taxes | 450/3 | €143 | €177 | +€35 | +24.3% |
| Other amounts payable | 47/48 | €22,905 | €21,343 | -€1,561 | -6.8% |
| Turnover | 70 | €91,230 | €236 | -€90,994 | -99.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €92,850 | €3,525 | -€89,325 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,809 | €814 | -€2,995 | -78.6% |
| Other operating charges | 640/8 | €1,485 | €7,167 | +€5,682 | +383% |
| Gross operating margin | 9900 | -€1,620 | -€3,290 | -€1,669 | -103% |
| Operating profit (loss) | 9901 | -€6,915 | -€11,270 | -€4,356 | -63.0% |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €955 | €145 | -€811 | -84.8% |
| Recurring financial charges | 65 | €955 | €145 | -€811 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,837 | -€11,415 | -€3,578 | -45.7% |
| Profit (loss) for the period | 9904 | -€7,837 | -€11,415 | -€3,578 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,837 | -€11,415 | -€3,578 | -45.7% |
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 19 October 2026 via checked.be.