CASH CAR: 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.
CASH CAR
Largest movements
- Cash +€101,351
up €101,351 (+87.7%), from €115,621 to €216,972
mainly Advances received (+€39,190) and Net result for the year (+€29,070)
- Stocks and contracts -€24,598
down €24,598 (-18.4%), from €133,656 to €109,058
- Receivables within one year -€22,969
down €22,969 (-55.3%), from €41,529 to €18,560
of which Trade receivables: -€29,174
- Advances received +€39,190
new in 2025: €39,190
- Reserves +€29,000
up €29,000 (+23.4%), from €123,860 to €152,860
- Debts after one year -€19,237
down €19,237 (-23.6%), from €81,469 to €62,232
- Short-term financial debts +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Other debts -€9,913
down €9,913 (-38.9%), from €25,489 to €15,576
- Financial charges +€2,923
up €2,923 (+123%), from €2,378 to €5,301
- Gross operating margin +€2,406
up €2,406 (+5.0%), from €48,416 to €50,822
- Taxes +€1,867
up €1,867 (+15.4%), from €12,148 to €14,015
- Other operating charges -€696
down €696 (-35.5%), from €1,958 to €1,262
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 | €301,524 | €357,946 | +€56,422 | +18.7% |
| Fixed assets | 21/28 | €9,258 | €11,037 | +€1,779 | +19.2% |
| Tangible fixed assets | 22/27 | €9,258 | €11,037 | +€1,779 | +19.2% |
| Plant, machinery and equipment | 23 | €977 | €405 | -€572 | -58.5% |
| Furniture and vehicles | 24 | €578 | €3,342 | +€2,764 | +478% |
| Other tangible fixed assets | 26 | €7,703 | €7,290 | -€413 | -5.4% |
| Current assets | 29/58 | €292,266 | €346,909 | +€54,643 | +18.7% |
| Stocks and contracts in progress | 3 | €133,656 | €109,058 | -€24,598 | -18.4% |
| Stocks | 30/36 | €133,656 | €109,058 | -€24,598 | -18.4% |
| Amounts receivable within one year | 40/41 | €41,529 | €18,560 | -€22,969 | -55.3% |
| Trade receivables | 40 | €36,990 | €7,816 | -€29,174 | -78.9% |
| Other amounts receivable | 41 | €4,539 | €10,744 | +€6,205 | +137% |
| Cash at bank and in hand | 54/58 | €115,621 | €216,972 | +€101,351 | +87.7% |
| Deferred charges and accrued income | 490/1 | €1,460 | €2,319 | +€859 | +58.8% |
| Total equity and liabilities | 10/49 | €301,524 | €357,946 | +€56,422 | +18.7% |
| Equity | 10/15 | €144,804 | €173,873 | +€29,069 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,860 | €152,860 | +€29,000 | +23.4% |
| Distributable reserves | 133 | €123,860 | €152,860 | +€29,000 | +23.4% |
| Profit (loss) carried forward | 14 | €2,344 | €2,413 | +€69 | +2.9% |
| Amounts payable | 17/49 | €156,720 | €184,073 | +€27,353 | +17.5% |
| Amounts payable after more than one year | 17 | €81,469 | €62,232 | -€19,237 | -23.6% |
| Financial debts | 170/4 | €81,469 | €62,232 | -€19,237 | -23.6% |
| Amounts payable within one year | 42/48 | €75,251 | €121,841 | +€46,590 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €18,530 | €19,238 | +€708 | +3.8% |
| Financial debts | 43 | €10,000 | €20,000 | +€10,000 | +100% |
| Credit institutions | 430/8 | €10,000 | €20,000 | +€10,000 | +100% |
| Trade debts | 44 | €2,967 | €10,390 | +€7,423 | +250% |
| Suppliers | 440/4 | €2,967 | €10,390 | +€7,423 | +250% |
| Advances received on contracts in progress | 46 | - | €39,190 | +€39,190 | |
| Taxes, remuneration and social security | 45 | €18,265 | €17,447 | -€818 | -4.5% |
| Taxes | 450/3 | €2,148 | €115 | -€2,033 | -94.6% |
| Remuneration and social security | 454/9 | €16,117 | €17,332 | +€1,215 | +7.5% |
| Other amounts payable | 47/48 | €25,489 | €15,576 | -€9,913 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,018 | €1,174 | +€156 | +15.3% |
| Other operating charges | 640/8 | €1,958 | €1,262 | -€696 | -35.5% |
| Gross operating margin | 9900 | €48,416 | €50,822 | +€2,406 | +5.0% |
| Operating profit (loss) | 9901 | €45,440 | €48,386 | +€2,946 | +6.5% |
| Financial income | 75/76B | €42 | - | -€42 | |
| Recurring financial income | 75 | €42 | - | -€42 | |
| Financial charges | 65/66B | €2,378 | €5,301 | +€2,923 | +123% |
| Recurring financial charges | 65 | €2,378 | €5,301 | +€2,923 | +123% |
| Profit (loss) for the period before taxes | 9903 | €43,104 | €43,085 | -€19 | 0.0% |
| Income taxes | 67/77 | €12,148 | €14,015 | +€1,867 | +15.4% |
| Profit (loss) for the period | 9904 | €30,956 | €29,070 | -€1,886 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,956 | €29,070 | -€1,886 | -6.1% |
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.