EXCLUSIVE CAR DESIGN: 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.
What changed
EXCLUSIVE CAR DESIGN
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€332,025
2024 · €43,983+€288,042
Equity
€817,101
2024 · €485,076+€332,025
Cash
€566,974
2024 · €486,544+€80,430
Balance sheet total
€4.2m
2024 · €3.8m+€338,129
Largest movements
Assets
- Stocks and contracts +€281,039
up €281,039 (+22.9%), from €1.2m to €1.5m
- Cash +€80,430
up €80,430 (+16.5%), from €486,544 to €566,974
mainly Net result for the year (+€332,025) and Tax, wage and social debts (+€232,066)
- Tangible fixed assets -€63,813
down €63,813 (-3.5%), from €1.8m to €1.7m
of which Land and buildings: -€64,605
Equity and liabilities
- Reserves +€332,025
up €332,025 (+86.3%), from €384,825 to €716,850
of which Distributable reserves: +€332,025
- Debts after one year -€235,122
down €235,122 (-12.7%), from €1.8m to €1.6m
- Tax, wage and social debts +€232,066
up €232,066 (+123%), from €188,875 to €420,941
of which Taxes: +€213,994
Income statement
- Turnover +€3.5m
up €3.5m (+40.3%), from €8.6m to €12.1m
- Purchases and services +€2.9m
up €2.9m (+34.9%), from €8.2m to €11.0m
- Gross operating margin +€637,415
up €637,415 (+112%), from €566,735 to €1.2m
- Taxes +€280,955
up €280,955 (+970%), from €28,961 to €309,916
- Staff costs +€146,507
up €146,507 (+75.6%), from €193,665 to €340,172
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.
Result 2024
€43,983
Gross operating margin
+€637,415
Staff costs
-€146,507
Depreciation
-€5,434
Write-downs
+€80,000
Other operating charges
-€1,722
Other operating items
-€50,822
Financial income
+€85
Financial charges
+€55,982
Taxes
-€280,955
Result 2025
€332,025
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€324,893
Investment
-€33,257
Financing
-€211,206
Cash 2024
€486,544
From operations (derived)
+€324,893
Net result for the year
+€332,025
Depreciation
+€97,391
Stocks and contracts
-€281,039
Receivables within one year
-€39,579
Deferred charges and accrued income
-€1,215
Trade debts
-€32,559
Tax, wage and social debts
+€232,066
Advances received
+€23,999
Accrued charges and deferred income
-€6,197
Investment (derived)
-€33,257
Investment in fixed assets (net)
-€33,257
Financing
-€211,206
Debts after one year
-€235,122
Current portion of long-term debt
+€3,377
Short-term financial debts
+€20,540
Cash 2025
€566,974
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,813,525 | €4,151,654 | +€338,129 | +8.9% |
| Formation expenses | 20 | €29,764 | €23,648 | -€6,116 | -20.5% |
| Fixed assets | 21/28 | €1,817,048 | €1,759,030 | -€58,018 | -3.2% |
| Intangible fixed assets | 21 | €2,119 | €7,834 | +€5,715 | +270% |
| Tangible fixed assets | 22/27 | €1,813,429 | €1,749,616 | -€63,813 | -3.5% |
| Land and buildings | 22 | €1,725,292 | €1,660,686 | -€64,605 | -3.7% |
| Plant, machinery and equipment | 23 | €3,778 | €19,118 | +€15,340 | +406% |
| Furniture and vehicles | 24 | €21,651 | €22,837 | +€1,187 | +5.5% |
| Leasing and similar rights | 25 | €1,466 | €1,000 | -€466 | -31.8% |
| Other tangible fixed assets | 26 | €61,244 | €45,975 | -€15,269 | -24.9% |
| Financial fixed assets | 28 | €1,500 | €1,580 | +€80 | +5.3% |
| Current assets | 29/58 | €1,966,713 | €2,368,976 | +€402,263 | +20.5% |
| Stocks and contracts in progress | 3 | €1,229,405 | €1,510,444 | +€281,039 | +22.9% |
| Stocks | 30/36 | €1,229,405 | €1,510,444 | +€281,039 | +22.9% |
| Amounts receivable within one year | 40/41 | €237,907 | €277,486 | +€39,579 | +16.6% |
| Trade receivables | 40 | €236,323 | €276,687 | +€40,364 | +17.1% |
| Other amounts receivable | 41 | €1,584 | €799 | -€785 | -49.6% |
| Cash at bank and in hand | 54/58 | €486,544 | €566,974 | +€80,430 | +16.5% |
| Deferred charges and accrued income | 490/1 | €12,857 | €14,072 | +€1,215 | +9.5% |
| Total equity and liabilities | 10/49 | €3,813,525 | €4,151,654 | +€338,129 | +8.9% |
| Equity | 10/15 | €485,076 | €817,101 | +€332,025 | +68.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €384,825 | €716,850 | +€332,025 | +86.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €384,825 | €716,850 | +€332,025 | +86.3% |
| Profit (loss) carried forward | 14 | €94,050 | €94,050 | = | 0.0% |
| Amounts payable | 17/49 | €3,328,450 | €3,334,553 | +€6,103 | +0.2% |
| Amounts payable after more than one year | 17 | €1,844,921 | €1,609,799 | -€235,122 | -12.7% |
| Financial debts | 170/4 | €1,844,921 | €1,609,799 | -€235,122 | -12.7% |
| Amounts payable within one year | 42/48 | €1,467,245 | €1,714,667 | +€247,422 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €243,094 | €246,471 | +€3,377 | +1.4% |
| Financial debts | 43 | €950,000 | €970,540 | +€20,540 | +2.2% |
| Credit institutions | 430/8 | €950,000 | €970,540 | +€20,540 | +2.2% |
| Trade debts | 44 | €84,276 | €51,717 | -€32,559 | -38.6% |
| Suppliers | 440/4 | €84,276 | €51,717 | -€32,559 | -38.6% |
| Advances received on contracts in progress | 46 | €1,000 | €24,999 | +€23,999 | +2,400% |
| Taxes, remuneration and social security | 45 | €188,875 | €420,941 | +€232,066 | +123% |
| Taxes | 450/3 | €167,279 | €381,273 | +€213,994 | +128% |
| Remuneration and social security | 454/9 | €21,596 | €39,668 | +€18,072 | +83.7% |
| Accrued charges and deferred income | 492/3 | €16,283 | €10,087 | -€6,197 | -38.1% |
| Turnover | 70 | €8,619,047 | €12,093,893 | +€3.5m | +40.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,181,087 | €11,034,091 | +€2.9m | +34.9% |
| Remuneration, social security and pensions | 62 | €193,665 | €340,172 | +€146,507 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,957 | €97,391 | +€5,434 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,000 | -€35,000 | -€80,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €13,820 | €15,542 | +€1,722 | +12.5% |
| Non-recurring operating charges | 66A | €0 | €50,822 | +€50,822 | |
| Gross operating margin | 9900 | €566,735 | €1,204,149 | +€637,415 | +112% |
| Operating profit (loss) | 9901 | €222,292 | €735,222 | +€512,930 | +231% |
| Financial income | 75/76B | €57 | €142 | +€85 | +150% |
| Recurring financial income | 75 | €57 | €142 | +€85 | +150% |
| Financial charges | 65/66B | €149,405 | €93,423 | -€55,982 | -37.5% |
| Recurring financial charges | 65 | €149,405 | €93,423 | -€55,982 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €72,944 | €641,941 | +€568,997 | +780% |
| Income taxes | 67/77 | €28,961 | €309,916 | +€280,955 | +970% |
| Profit (loss) for the period | 9904 | €43,983 | €332,025 | +€288,042 | +655% |
| Profit (loss) for the period to be appropriated | 9905 | €43,983 | €332,025 | +€288,042 | +655% |
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 22 October 2026 via checked.be.