COSMETIC CAR: what changed
COSMETIC CAR
Largest movements
- Receivables within one year -€99,609
down €99,609 (-58.7%), from €169,710 to €70,101
of which Trade receivables: -€112,132
- Cash -€4,204
down €4,204 (-19.3%), from €21,750 to €17,546
mainly Trade debts (-€80,446) and Other debts (-€40,000)
- Trade debts -€80,446
down €80,446 (-64.3%), from €125,060 to €44,614
- Other debts -€40,000
no longer reported in 2025 (was €40,000)
- Reserves +€15,801
up €15,801 (+222%), from €7,132 to €22,933
- Other operating charges -€70,339
down €70,339 (-96.4%), from €72,929 to €2,590
- Gross operating margin -€32,907
down €32,907 (-52.1%), from €63,207 to €30,300
- Write-downs +€26,531
no longer reported in 2025 (was -€26,531)
- Financial income -€12,864
no longer reported in 2025 (was €12,864)
- Depreciation +€3,643
up €3,643 (+181%), from €2,011 to €5,654
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 | €201,936 | €99,002 | -€102,934 | -51.0% |
| Fixed assets | 21/28 | €7,791 | €9,049 | +€1,257 | +16.1% |
| Tangible fixed assets | 22/27 | €7,791 | €9,049 | +€1,257 | +16.1% |
| Furniture and vehicles | 24 | €7,791 | €9,049 | +€1,257 | +16.1% |
| Current assets | 29/58 | €194,144 | €89,953 | -€104,191 | -53.7% |
| Amounts receivable within one year | 40/41 | €169,710 | €70,101 | -€99,609 | -58.7% |
| Trade receivables | 40 | €159,120 | €46,988 | -€112,132 | -70.5% |
| Other amounts receivable | 41 | €10,590 | €23,113 | +€12,523 | +118% |
| Cash at bank and in hand | 54/58 | €21,750 | €17,546 | -€4,204 | -19.3% |
| Deferred charges and accrued income | 490/1 | €2,684 | €2,306 | -€378 | -14.1% |
| Total equity and liabilities | 10/49 | €201,936 | €99,002 | -€102,934 | -51.0% |
| Equity | 10/15 | €24,132 | €39,933 | +€15,801 | +65.5% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €7,132 | €22,933 | +€15,801 | +222% |
| Distributable reserves | 133 | €7,132 | €22,933 | +€15,801 | +222% |
| Amounts payable | 17/49 | €177,804 | €59,069 | -€118,735 | -66.8% |
| Amounts payable within one year | 42/48 | €177,804 | €59,069 | -€118,735 | -66.8% |
| Trade debts | 44 | €125,060 | €44,614 | -€80,446 | -64.3% |
| Suppliers | 440/4 | €125,060 | €44,614 | -€80,446 | -64.3% |
| Taxes, remuneration and social security | 45 | €12,743 | €14,455 | +€1,712 | +13.4% |
| Taxes | 450/3 | €12,720 | €12,793 | +€73 | +0.6% |
| Remuneration and social security | 454/9 | €24 | €1,662 | +€1,638 | +6,954% |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Non-recurring operating income | 76A | €2,821 | - | -€2,821 | |
| Remuneration, social security and pensions | 62 | €147 | €1,341 | +€1,194 | +811% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €5,654 | +€3,643 | +181% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,531 | - | +€26,531 | |
| Other operating charges | 640/8 | €72,929 | €2,590 | -€70,339 | -96.4% |
| Gross operating margin | 9900 | €63,207 | €30,300 | -€32,907 | -52.1% |
| Operating profit (loss) | 9901 | €14,650 | €20,715 | +€6,065 | +41.4% |
| Financial income | 75/76B | €12,864 | - | -€12,864 | |
| Recurring financial income | 75 | €12,864 | - | -€12,864 | |
| Financial charges | 65/66B | €1,482 | €326 | -€1,157 | -78.0% |
| Recurring financial charges | 65 | €1,482 | €326 | -€1,157 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €26,032 | €20,389 | -€5,643 | -21.7% |
| Income taxes | 67/77 | €2,050 | €4,588 | +€2,538 | +124% |
| Profit (loss) for the period | 9904 | €23,982 | €15,801 | -€8,181 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,982 | €15,801 | -€8,181 | -34.1% |
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.