CARREMAX: 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.
CARREMAX
Largest movements
- Tangible fixed assets -€158,074
down €158,074 (-18.0%), from €879,188 to €721,114
of which Plant, machinery and equipment: -€151,474
- Receivables within one year -€58,403
down €58,403 (-54.7%), from €106,861 to €48,458
of which Other amounts receivable: -€51,254
- Stocks and contracts +€14,362
up €14,362 (+57.0%), from €25,176 to €39,538
- Cash -€13,471
down €13,471 (-23.5%), from €57,233 to €43,762
mainly Net result for the year (-€147,223) and Debts after one year (-€118,960)
- Profit (loss) carried forward -€147,223
down €147,223 (-308%), from -€47,849 to -€195,073
- Debts after one year -€118,960
down €118,960 (-20.0%), from €595,053 to €476,093
- Trade debts +€46,707
up €46,707 (+19.2%), from €243,707 to €290,414
- Other debts +€15,201
up €15,201 (+5,305%), from €287 to €15,487
- Tax, wage and social debts -€12,267
down €12,267 (-7.3%), from €168,538 to €156,271
of which Remuneration and social security: -€12,320
- Staff costs +€273,468
up €273,468 (+25.2%), from €1.1m to €1.4m
- Gross operating margin +€244,668
up €244,668 (+20.7%), from €1.2m to €1.4m
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 | €1,084,275 | €870,209 | -€214,067 | -19.7% |
| Fixed assets | 21/28 | €879,783 | €721,709 | -€158,074 | -18.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €879,188 | €721,114 | -€158,074 | -18.0% |
| Plant, machinery and equipment | 23 | €839,590 | €688,116 | -€151,474 | -18.0% |
| Furniture and vehicles | 24 | €39,598 | €32,998 | -€6,600 | -16.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €204,492 | €148,499 | -€55,993 | -27.4% |
| Stocks and contracts in progress | 3 | €25,176 | €39,538 | +€14,362 | +57.0% |
| Stocks | 30/36 | €25,176 | €39,538 | +€14,362 | +57.0% |
| Amounts receivable within one year | 40/41 | €106,861 | €48,458 | -€58,403 | -54.7% |
| Trade receivables | 40 | €29,323 | €22,174 | -€7,148 | -24.4% |
| Other amounts receivable | 41 | €77,538 | €26,284 | -€51,254 | -66.1% |
| Cash at bank and in hand | 54/58 | €57,233 | €43,762 | -€13,471 | -23.5% |
| Deferred charges and accrued income | 490/1 | €15,222 | €16,741 | +€1,519 | +10.0% |
| Total equity and liabilities | 10/49 | €1,084,275 | €870,209 | -€214,067 | -19.7% |
| Equity | 10/15 | -€39,793 | -€187,016 | -€147,223 | -370% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,849 | -€195,073 | -€147,223 | -308% |
| Amounts payable | 17/49 | €1,124,068 | €1,057,225 | -€66,843 | -5.9% |
| Amounts payable after more than one year | 17 | €595,053 | €476,093 | -€118,960 | -20.0% |
| Financial debts | 170/4 | €595,053 | €476,093 | -€118,960 | -20.0% |
| Amounts payable within one year | 42/48 | €529,015 | €581,132 | +€52,117 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €116,483 | €118,960 | +€2,477 | +2.1% |
| Trade debts | 44 | €243,707 | €290,414 | +€46,707 | +19.2% |
| Suppliers | 440/4 | €243,707 | €290,414 | +€46,707 | +19.2% |
| Taxes, remuneration and social security | 45 | €168,538 | €156,271 | -€12,267 | -7.3% |
| Taxes | 450/3 | €3,849 | €3,902 | +€53 | +1.4% |
| Remuneration and social security | 454/9 | €164,689 | €152,369 | -€12,320 | -7.5% |
| Other amounts payable | 47/48 | €287 | €15,487 | +€15,201 | +5,305% |
| Non-recurring operating income | 76A | €44,717 | €37,500 | -€7,217 | -16.1% |
| Remuneration, social security and pensions | 62 | €1,083,170 | €1,356,638 | +€273,468 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,861 | €170,092 | +€231 | +0.1% |
| Other operating charges | 640/8 | €17,446 | €15,398 | -€2,048 | -11.7% |
| Gross operating margin | 9900 | €1,184,640 | €1,429,307 | +€244,668 | +20.7% |
| Operating profit (loss) | 9901 | -€85,838 | -€112,821 | -€26,983 | -31.4% |
| Financial income | 75/76B | €998 | €915 | -€83 | -8.3% |
| Recurring financial income | 75 | €998 | €915 | -€83 | -8.3% |
| Financial charges | 65/66B | €38,294 | €35,142 | -€3,152 | -8.2% |
| Recurring financial charges | 65 | €38,294 | €35,142 | -€3,152 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€123,134 | -€147,047 | -€23,913 | -19.4% |
| Income taxes | 67/77 | €206 | €176 | -€30 | -14.5% |
| Profit (loss) for the period | 9904 | -€123,340 | -€147,223 | -€23,883 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,340 | -€147,223 | -€23,883 | -19.4% |
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 21 October 2026 via checked.be.