ELECTRO CARS: what changed
What changed
ELECTRO CARS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€12,707
2023 · €8,849+€3,858
Equity
€59,518
2023 · €46,811+€12,707
Cash
€4,297
2023 · -+€4,297
Balance sheet total
€115,334
2023 · €62,261+€53,073
Largest movements
Assets
- Receivables within one year +€26,564
up €26,564 (+42.7%), from €62,236 to €88,800
of which Trade receivables: +€24,420
- Tangible fixed assets +€22,212
new in 2024: €22,212
- Cash +€4,297
new in 2024: €4,297
mainly Debts after one year (+€27,919) and Net result for the year (+€12,707)
Equity and liabilities
- Debts after one year +€27,919
new in 2024: €27,919
- Profit (loss) carried forward +€12,707
up €12,707 (+31.5%), from €40,311 to €53,018
- Trade debts +€8,697
up €8,697 (+120%), from €7,274 to €15,971
- Tax, wage and social debts +€5,154
up €5,154 (+96.5%), from €5,343 to €10,497
Income statement
- Gross operating margin +€15,237
up €15,237 (+120%), from €12,715 to €27,952
- Depreciation +€5,553
new in 2024: €5,553
- Other operating charges +€4,411
up €4,411 (+2,846%), from €155 to €4,566
- Taxes +€1,454
up €1,454 (+39.3%), from €3,700 to €5,154
- Financial charges +€806
up €806 (+388%), from €208 to €1,014
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€8,849
Gross operating margin
+€15,237
Depreciation
-€5,553
Other operating charges
-€4,411
Other operating items
+€711
Financial income
+€134
Financial charges
-€806
Taxes
-€1,454
Result 2024
€12,707
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,202
Investment
-€27,765
Financing
+€26,860
Cash 2023
€0
From operations (derived)
+€5,202
Net result for the year
+€12,707
Depreciation
+€5,553
Receivables within one year
-€26,564
Trade debts
+€8,697
Tax, wage and social debts
+€5,154
Advances received
-€345
Investment (derived)
-€27,765
Investment in fixed assets (net)
-€27,765
Financing
+€26,860
Debts after one year
+€27,919
Short-term financial debts
-€1,059
Cash 2024
€4,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,261 | €115,334 | +€53,073 | +85.2% |
| Fixed assets | 21/28 | €25 | €22,237 | +€22,212 | +88,848% |
| Tangible fixed assets | 22/27 | - | €22,212 | +€22,212 | |
| Furniture and vehicles | 24 | - | €22,212 | +€22,212 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €62,236 | €93,097 | +€30,861 | +49.6% |
| Amounts receivable within one year | 40/41 | €62,236 | €88,800 | +€26,564 | +42.7% |
| Trade receivables | 40 | €41,285 | €65,705 | +€24,420 | +59.1% |
| Other amounts receivable | 41 | €20,951 | €23,095 | +€2,144 | +10.2% |
| Cash at bank and in hand | 54/58 | - | €4,297 | +€4,297 | |
| Total equity and liabilities | 10/49 | €62,261 | €115,334 | +€53,073 | +85.2% |
| Equity | 10/15 | €46,811 | €59,518 | +€12,707 | +27.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,311 | €53,018 | +€12,707 | +31.5% |
| Amounts payable | 17/49 | €15,450 | €55,816 | +€40,366 | +261% |
| Amounts payable after more than one year | 17 | - | €27,919 | +€27,919 | |
| Financial debts | 170/4 | - | €27,919 | +€27,919 | |
| Amounts payable within one year | 42/48 | €15,450 | €27,897 | +€12,447 | +80.6% |
| Financial debts | 43 | €2,488 | €1,429 | -€1,059 | -42.6% |
| Credit institutions | 430/8 | €2,488 | €1,429 | -€1,059 | -42.6% |
| Trade debts | 44 | €7,274 | €15,971 | +€8,697 | +120% |
| Suppliers | 440/4 | €7,274 | €15,971 | +€8,697 | +120% |
| Advances received on contracts in progress | 46 | €345 | - | -€345 | |
| Taxes, remuneration and social security | 45 | €5,343 | €10,497 | +€5,154 | +96.5% |
| Taxes | 450/3 | €5,343 | €10,497 | +€5,154 | +96.5% |
| Non-recurring operating income | 76A | €333 | - | -€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,553 | +€5,553 | |
| Other operating charges | 640/8 | €155 | €4,566 | +€4,411 | +2,846% |
| Non-recurring operating charges | 66A | €847 | €136 | -€711 | -83.9% |
| Gross operating margin | 9900 | €12,715 | €27,952 | +€15,237 | +120% |
| Operating profit (loss) | 9901 | €11,713 | €17,697 | +€5,984 | +51.1% |
| Financial income | 75/76B | €1,044 | €1,178 | +€134 | +12.8% |
| Recurring financial income | 75 | €1,044 | €1,178 | +€134 | +12.8% |
| Financial charges | 65/66B | €208 | €1,014 | +€806 | +388% |
| Recurring financial charges | 65 | €208 | €1,014 | +€806 | +388% |
| Profit (loss) for the period before taxes | 9903 | €12,549 | €17,861 | +€5,312 | +42.3% |
| Income taxes | 67/77 | €3,700 | €5,154 | +€1,454 | +39.3% |
| Profit (loss) for the period | 9904 | €8,849 | €12,707 | +€3,858 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,849 | €12,707 | +€3,858 | +43.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.