CONCEPT 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.
CONCEPT CAR
Largest movements
- Cash +€217,982
up €217,982 (+51.2%), from €426,148 to €644,129
mainly Net result for the year (+€171,334) and Advances received (+€67,885)
- Stocks and contracts +€26,911
up €26,911 (+6.6%), from €409,077 to €435,988
- Receivables within one year -€17,783
down €17,783 (-34.5%), from €51,583 to €33,800
- Reserves +€171,334
up €171,334 (+26.3%), from €650,809 to €822,142
- Advances received +€67,885
new in 2025: €67,885
- Profit (loss) carried forward -€45,000
down €45,000 (-58.3%), from €77,182 to €32,182
- Other debts -€45,000
no longer reported in 2025 (was €45,000)
- Tax, wage and social debts +€28,814
up €28,814 (+61.0%), from €47,232 to €76,046
of which Taxes: +€27,700
- Gross operating margin +€60,990
up €60,990 (+29.6%), from €205,856 to €266,846
- Taxes +€19,383
up €19,383 (+45.3%), from €42,771 to €62,153
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.
Cash bridge derived
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 | €941,678 | €1,152,246 | +€210,568 | +22.4% |
| Fixed assets | 21/28 | €46,846 | €38,329 | -€8,518 | -18.2% |
| Tangible fixed assets | 22/27 | €46,656 | €38,139 | -€8,518 | -18.3% |
| Plant, machinery and equipment | 23 | €647 | €372 | -€275 | -42.5% |
| Furniture and vehicles | 24 | €9,049 | €5,306 | -€3,743 | -41.4% |
| Other tangible fixed assets | 26 | €36,960 | €32,460 | -€4,500 | -12.2% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €894,831 | €1,113,918 | +€219,086 | +24.5% |
| Amounts receivable after more than one year | 29 | €8,024 | - | -€8,024 | |
| Trade receivables | 290 | €8,024 | - | -€8,024 | |
| Stocks and contracts in progress | 3 | €409,077 | €435,988 | +€26,911 | +6.6% |
| Stocks | 30/36 | €409,077 | €435,988 | +€26,911 | +6.6% |
| Amounts receivable within one year | 40/41 | €51,583 | €33,800 | -€17,783 | -34.5% |
| Trade receivables | 40 | €51,583 | €33,800 | -€17,783 | -34.5% |
| Cash at bank and in hand | 54/58 | €426,148 | €644,129 | +€217,982 | +51.2% |
| Total equity and liabilities | 10/49 | €941,678 | €1,152,246 | +€210,568 | +22.4% |
| Equity | 10/15 | €762,990 | €889,324 | +€126,334 | +16.6% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €650,809 | €822,142 | +€171,334 | +26.3% |
| Distributable reserves | 133 | €650,809 | €822,142 | +€171,334 | +26.3% |
| Profit (loss) carried forward | 14 | €77,182 | €32,182 | -€45,000 | -58.3% |
| Amounts payable | 17/49 | €178,687 | €262,922 | +€84,235 | +47.1% |
| Amounts payable after more than one year | 17 | €19,976 | €26,349 | +€6,373 | +31.9% |
| Financial debts | 170/4 | €19,976 | €26,349 | +€6,373 | +31.9% |
| Amounts payable within one year | 42/48 | €158,712 | €236,573 | +€77,862 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €7,974 | €8,320 | +€345 | +4.3% |
| Trade debts | 44 | €58,506 | €84,323 | +€25,817 | +44.1% |
| Suppliers | 440/4 | €58,506 | €84,323 | +€25,817 | +44.1% |
| Advances received on contracts in progress | 46 | - | €67,885 | +€67,885 | |
| Taxes, remuneration and social security | 45 | €47,232 | €76,046 | +€28,814 | +61.0% |
| Taxes | 450/3 | €44,472 | €72,172 | +€27,700 | +62.3% |
| Remuneration and social security | 454/9 | €2,760 | €3,874 | +€1,114 | +40.4% |
| Other amounts payable | 47/48 | €45,000 | - | -€45,000 | |
| Remuneration, social security and pensions | 62 | €20,981 | €22,552 | +€1,572 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,471 | €8,518 | +€46 | +0.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €205,856 | €266,846 | +€60,990 | +29.6% |
| Operating profit (loss) | 9901 | €176,017 | €235,376 | +€59,359 | +33.7% |
| Financial income | 75/76B | €498 | €10 | -€488 | -98.0% |
| Recurring financial income | 75 | €498 | €10 | -€488 | -98.0% |
| Financial charges | 65/66B | €1,886 | €1,899 | +€13 | +0.7% |
| Recurring financial charges | 65 | €1,886 | €1,899 | +€13 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €174,629 | €233,487 | +€58,858 | +33.7% |
| Income taxes | 67/77 | €42,771 | €62,153 | +€19,383 | +45.3% |
| Profit (loss) for the period | 9904 | €131,858 | €171,334 | +€39,476 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €131,858 | €171,334 | +€39,476 | +29.9% |
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 11 October 2026 via checked.be.