Cars & Classics: what changed
Cars & Classics
Largest movements
- Stocks and contracts +€254,804
up €254,804 (+133%), from €191,965 to €446,769
- Cash -€155,561
down €155,561 (-77.0%), from €202,118 to €46,558
mainly Stocks and contracts (-€254,804) and Tax, wage and social debts (-€20,925)
- Receivables within one year -€27,552
down €27,552 (-46.5%), from €59,195 to €31,643
of which Trade receivables: -€27,726
- Tangible fixed assets -€11,044
down €11,044 (-15.7%), from €70,269 to €59,225
of which Furniture and vehicles: -€10,476
- Debts after one year +€87,580
up €87,580 (+24.9%), from €351,384 to €438,964
of which Other amounts payable: +€100,000
- Tax, wage and social debts -€20,925
down €20,925 (-61.0%), from €34,325 to €13,400
of which Taxes: -€15,934
- Gross operating margin -€17,205
down €17,205 (-17.1%), from €100,373 to €83,168
- Financial charges -€8,965
down €8,965 (-66.5%), from €13,472 to €4,507
- Depreciation +€5,172
up €5,172 (+31.0%), from €16,679 to €21,850
- Staff costs -€1,856
down €1,856 (-3.4%), from €55,208 to €53,352
- Other operating charges -€1,036
down €1,036 (-28.0%), from €3,698 to €2,663
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,554 | €598,192 | +€63,638 | +11.9% |
| Fixed assets | 21/28 | €71,900 | €60,179 | -€11,722 | -16.3% |
| Intangible fixed assets | 21 | €1,631 | €954 | -€677 | -41.5% |
| Tangible fixed assets | 22/27 | €70,269 | €59,225 | -€11,044 | -15.7% |
| Plant, machinery and equipment | 23 | €42,190 | €42,329 | +€140 | +0.3% |
| Furniture and vehicles | 24 | €23,633 | €13,157 | -€10,476 | -44.3% |
| Other tangible fixed assets | 26 | €4,447 | €3,739 | -€708 | -15.9% |
| Current assets | 29/58 | €462,654 | €538,014 | +€75,360 | +16.3% |
| Stocks and contracts in progress | 3 | €191,965 | €446,769 | +€254,804 | +133% |
| Stocks | 30/36 | €191,965 | €446,769 | +€254,804 | +133% |
| Amounts receivable within one year | 40/41 | €59,195 | €31,643 | -€27,552 | -46.5% |
| Trade receivables | 40 | €59,195 | €31,470 | -€27,726 | -46.8% |
| Other amounts receivable | 41 | - | €173 | +€173 | |
| Cash at bank and in hand | 54/58 | €202,118 | €46,558 | -€155,561 | -77.0% |
| Deferred charges and accrued income | 490/1 | €9,375 | €13,044 | +€3,669 | +39.1% |
| Total equity and liabilities | 10/49 | €534,554 | €598,192 | +€63,638 | +11.9% |
| Equity | 10/15 | -€17,463 | -€14,657 | +€2,806 | +16.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,463 | -€19,657 | +€2,806 | +12.5% |
| Amounts payable | 17/49 | €552,018 | €612,850 | +€60,832 | +11.0% |
| Amounts payable after more than one year | 17 | €351,384 | €438,964 | +€87,580 | +24.9% |
| Financial debts | 170/4 | €20,884 | €8,464 | -€12,420 | -59.5% |
| Other amounts payable | 178/9 | €330,500 | €430,500 | +€100,000 | +30.3% |
| Amounts payable within one year | 42/48 | €200,634 | €173,886 | -€26,748 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €12,097 | €12,420 | +€323 | +2.7% |
| Financial debts | 43 | €150,000 | €145,056 | -€4,944 | -3.3% |
| Credit institutions | 430/8 | €150,000 | €145,056 | -€4,944 | -3.3% |
| Trade debts | 44 | €3,461 | €2,260 | -€1,202 | -34.7% |
| Suppliers | 440/4 | €3,461 | €2,260 | -€1,202 | -34.7% |
| Taxes, remuneration and social security | 45 | €34,325 | €13,400 | -€20,925 | -61.0% |
| Taxes | 450/3 | €21,364 | €5,430 | -€15,934 | -74.6% |
| Remuneration and social security | 454/9 | €12,961 | €7,970 | -€4,991 | -38.5% |
| Other amounts payable | 47/48 | €750 | €750 | = | 0.0% |
| Non-recurring operating income | 76A | €2,614 | €1,338 | -€1,275 | -48.8% |
| Remuneration, social security and pensions | 62 | €55,208 | €53,352 | -€1,856 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,679 | €21,850 | +€5,172 | +31.0% |
| Other operating charges | 640/8 | €3,698 | €2,663 | -€1,036 | -28.0% |
| Gross operating margin | 9900 | €100,373 | €83,168 | -€17,205 | -17.1% |
| Operating profit (loss) | 9901 | €24,788 | €5,303 | -€19,485 | -78.6% |
| Financial income | 75/76B | €2,015 | €2,010 | -€5 | -0.3% |
| Recurring financial income | 75 | €2,015 | €2,010 | -€5 | -0.3% |
| Financial charges | 65/66B | €13,472 | €4,507 | -€8,965 | -66.5% |
| Recurring financial charges | 65 | €13,472 | €4,507 | -€8,965 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €13,331 | €2,806 | -€10,526 | -79.0% |
| Profit (loss) for the period | 9904 | €13,331 | €2,806 | -€10,526 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,331 | €2,806 | -€10,526 | -79.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.