EC CARS: 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.
EC CARS
Largest movements
- Receivables within one year +€8,595
up €8,595 (+384%), from €2,238 to €10,832
of which Trade receivables: +€10,828
- Cash +€5,478
up €5,478 (+20.6%), from €26,655 to €32,133
mainly Trade debts (+€30,678) and Advances received (+€20,490)
- Tangible fixed assets +€1,031
up €1,031 (+23.0%), from €4,475 to €5,506
of which Furniture and vehicles: +€1,480
- Profit (loss) carried forward -€47,536
down €47,536 (-1,130%), from -€4,206 to -€51,741
- Trade debts +€30,678
up €30,678 (+426%), from €7,196 to €37,875
- Advances received +€20,490
new in 2025: €20,490
- Other debts +€8,476
up €8,476 (+29.6%), from €28,606 to €37,081
- Tax, wage and social debts +€3,144
new in 2025: €3,144
- Gross operating margin -€43,733
down €43,733 (-1,431%), from -€3,055 to -€46,788
- Depreciation -€543
down €543 (-47.2%), from €1,150 to €607
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 | €33,368 | €48,955 | +€15,587 | +46.7% |
| Fixed assets | 21/28 | €4,475 | €5,506 | +€1,031 | +23.0% |
| Tangible fixed assets | 22/27 | €4,475 | €5,506 | +€1,031 | +23.0% |
| Furniture and vehicles | 24 | - | €1,480 | +€1,480 | |
| Other tangible fixed assets | 26 | €4,475 | €4,026 | -€449 | -10.0% |
| Current assets | 29/58 | €28,893 | €43,450 | +€14,557 | +50.4% |
| Amounts receivable within one year | 40/41 | €2,238 | €10,832 | +€8,595 | +384% |
| Trade receivables | 40 | - | €10,828 | +€10,828 | |
| Other amounts receivable | 41 | €2,238 | €4 | -€2,234 | -99.8% |
| Cash at bank and in hand | 54/58 | €26,655 | €32,133 | +€5,478 | +20.6% |
| Deferred charges and accrued income | 490/1 | - | €485 | +€485 | |
| Total equity and liabilities | 10/49 | €33,368 | €48,955 | +€15,587 | +46.7% |
| Equity | 10/15 | -€3,206 | -€50,741 | -€47,536 | -1,483% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,206 | -€51,741 | -€47,536 | -1,130% |
| Amounts payable | 17/49 | €36,574 | €99,697 | +€63,123 | +173% |
| Amounts payable within one year | 42/48 | €35,802 | €98,590 | +€62,788 | +175% |
| Trade debts | 44 | €7,196 | €37,875 | +€30,678 | +426% |
| Suppliers | 440/4 | €7,196 | €37,875 | +€30,678 | +426% |
| Advances received on contracts in progress | 46 | - | €20,490 | +€20,490 | |
| Taxes, remuneration and social security | 45 | - | €3,144 | +€3,144 | |
| Taxes | 450/3 | - | €3,144 | +€3,144 | |
| Other amounts payable | 47/48 | €28,606 | €37,081 | +€8,476 | +29.6% |
| Accrued charges and deferred income | 492/3 | €772 | €1,107 | +€335 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150 | €607 | -€543 | -47.2% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€3,055 | -€46,788 | -€43,733 | -1,431% |
| Operating profit (loss) | 9901 | -€4,206 | -€47,496 | -€43,290 | -1,029% |
| Financial charges | 65/66B | - | €40 | +€40 | |
| Recurring financial charges | 65 | - | €40 | +€40 | |
| Profit (loss) for the period before taxes | 9903 | -€4,206 | -€47,536 | -€43,330 | -1,030% |
| Profit (loss) for the period | 9904 | -€4,206 | -€47,536 | -€43,330 | -1,030% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,206 | -€47,536 | -€43,330 | -1,030% |
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 27 October 2026 via checked.be.