CarNetwork Kortrijk: 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.
CarNetwork Kortrijk
Largest movements
- Stocks and contracts -€486,771
down €486,771 (-52.2%), from €932,197 to €445,426
- Cash +€194,884
up €194,884 (+530%), from €36,763 to €231,647
mainly Stocks and contracts (+€486,771) and Net result for the year (+€113,740)
- Receivables within one year +€112,669
up €112,669 (+49.2%), from €229,197 to €341,867
of which Other amounts receivable: +€75,929
- Short-term financial debts -€209,557
down €209,557 (-51.2%), from €409,557 to €200,000
- Reserves +€113,740
up €113,740 (+19.9%), from €572,408 to €686,147
- Other debts -€63,321
no longer reported in 2025 (was €63,321)
- Trade debts -€62,882
down €62,882 (-53.4%), from €117,755 to €54,873
- Tax, wage and social debts +€49,080
up €49,080 (+5,793%), from €847 to €49,927
of which Taxes: +€43,771
- Gross operating margin +€48,670
up €48,670 (+29.8%), from €163,221 to €211,891
- Financial charges -€35,974
down €35,974 (-73.1%), from €49,182 to €13,208
of which Non-recurring financial charges: -€33,277
- Taxes +€21,722
up €21,722 (+116%), from €18,766 to €40,488
- Depreciation -€3,148
down €3,148 (-69.9%), from €4,505 to €1,357
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 | €1,203,888 | €1,030,947 | -€172,941 | -14.4% |
| Fixed assets | 21/28 | €1,691 | €4,674 | +€2,983 | +176% |
| Tangible fixed assets | 22/27 | €1,691 | €4,674 | +€2,983 | +176% |
| Plant, machinery and equipment | 23 | €580 | €3,563 | +€2,983 | +514% |
| Furniture and vehicles | 24 | €1,111 | €1,111 | = | 0.0% |
| Current assets | 29/58 | €1,202,197 | €1,026,273 | -€175,923 | -14.6% |
| Stocks and contracts in progress | 3 | €932,197 | €445,426 | -€486,771 | -52.2% |
| Stocks | 30/36 | €932,197 | €445,426 | -€486,771 | -52.2% |
| Amounts receivable within one year | 40/41 | €229,197 | €341,867 | +€112,669 | +49.2% |
| Trade receivables | 40 | €62,977 | €99,718 | +€36,741 | +58.3% |
| Other amounts receivable | 41 | €166,220 | €242,149 | +€75,929 | +45.7% |
| Cash at bank and in hand | 54/58 | €36,763 | €231,647 | +€194,884 | +530% |
| Deferred charges and accrued income | 490/1 | €4,039 | €7,333 | +€3,294 | +81.6% |
| Total equity and liabilities | 10/49 | €1,203,888 | €1,030,947 | -€172,941 | -14.4% |
| Equity | 10/15 | €612,408 | €726,147 | +€113,740 | +18.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €572,408 | €686,147 | +€113,740 | +19.9% |
| Distributable reserves | 133 | €572,408 | €686,147 | +€113,740 | +19.9% |
| Amounts payable | 17/49 | €591,480 | €304,800 | -€286,680 | -48.5% |
| Amounts payable within one year | 42/48 | €591,480 | €304,800 | -€286,680 | -48.5% |
| Financial debts | 43 | €409,557 | €200,000 | -€209,557 | -51.2% |
| Credit institutions | 430/8 | €409,557 | €200,000 | -€209,557 | -51.2% |
| Trade debts | 44 | €117,755 | €54,873 | -€62,882 | -53.4% |
| Suppliers | 440/4 | €117,755 | €54,873 | -€62,882 | -53.4% |
| Taxes, remuneration and social security | 45 | €847 | €49,927 | +€49,080 | +5,793% |
| Taxes | 450/3 | - | €43,771 | +€43,771 | |
| Remuneration and social security | 454/9 | €847 | €6,156 | +€5,309 | +627% |
| Other amounts payable | 47/48 | €63,321 | - | -€63,321 | |
| Remuneration, social security and pensions | 62 | €42,821 | €42,028 | -€793 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,505 | €1,357 | -€3,148 | -69.9% |
| Other operating charges | 640/8 | €2,128 | €1,938 | -€189 | -8.9% |
| Gross operating margin | 9900 | €163,221 | €211,891 | +€48,670 | +29.8% |
| Operating profit (loss) | 9901 | €113,768 | €166,568 | +€52,800 | +46.4% |
| Financial income | 75/76B | €1,114 | €868 | -€246 | -22.1% |
| Recurring financial income | 75 | €1,114 | €868 | -€246 | -22.1% |
| Financial charges | 65/66B | €49,182 | €13,208 | -€35,974 | -73.1% |
| Recurring financial charges | 65 | €15,905 | €13,208 | -€2,697 | -17.0% |
| Non-recurring financial charges | 66B | €33,277 | - | -€33,277 | |
| Profit (loss) for the period before taxes | 9903 | €65,700 | €154,228 | +€88,528 | +135% |
| Income taxes | 67/77 | €18,766 | €40,488 | +€21,722 | +116% |
| Profit (loss) for the period | 9904 | €46,933 | €113,740 | +€66,806 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €46,933 | €113,740 | +€66,806 | +142% |
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 30 October 2026 via checked.be.