F & T PROCARS: what changed
Two fiscal 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.
F & T PROCARS
Largest movements
- Stocks and contracts +€12,500
up €12,500 (+20.5%), from €60,841 to €73,341
- Tangible fixed assets +€11,996
up €11,996 (+56.3%), from €21,322 to €33,318
of which Land and buildings: +€14,162
- Receivables within one year +€8,120
up €8,120 (+100.5%), from €8,077 to €16,196
of which Other amounts receivable: +€5,530
- Deferred charges and accrued income -€2,330
down €2,330 (-41.2%), from €5,654 to €3,324
- Cash -€1,549
down €1,549 (-59.4%), from €2,606 to €1,057
mainly Investment in fixed assets (net) (-€16,970) and Stocks and contracts (-€12,500)
- Debts after one year +€12,918
up €12,918 (+126.6%), from €10,201 to €23,118
- Profit (loss) carried forward -€8,856
down €8,856 (-50.1%), from -€17,661 to -€26,517
- Trade debts +€8,526
up €8,526 (+426.3%), from €2,000 to €10,526
- Short-term financial debts +€6,532
up €6,532 (+20.5%), from €31,790 to €38,322
of which Credit institutions: +€6,567
- Current portion of long-term debt +€5,341
up €5,341 (+106.7%), from €5,005 to €10,347
- Gross operating margin +€27,735
up €27,735, from -€13,548 to €14,188
- Staff costs +€1,643
up €1,643 (+26.9%), from €6,102 to €7,745
- Financial charges +€975
up €975 (+14.8%), from €6,609 to €7,584
- Depreciation +€843
up €843 (+20.4%), from €4,131 to €4,974
- Other operating charges +€219
up €219 (+9.6%), from €2,296 to €2,515
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,000 | €128,736 | +€28,737 | +28.7% |
| Fixed assets | 21/28 | €22,822 | €34,818 | +€11,996 | +52.6% |
| Tangible fixed assets | 22/27 | €21,322 | €33,318 | +€11,996 | +56.3% |
| Land and buildings | 22 | €13,649 | €27,811 | +€14,162 | +103.8% |
| Plant, machinery and equipment | 23 | €5,613 | €5,446 | -€166 | -3.0% |
| Furniture and vehicles | 24 | €2,060 | €60 | -€2,000 | -97.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €77,178 | €93,918 | +€16,741 | +21.7% |
| Stocks and contracts in progress | 3 | €60,841 | €73,341 | +€12,500 | +20.5% |
| Stocks | 30/36 | €60,841 | €73,341 | +€12,500 | +20.5% |
| Amounts receivable within one year | 40/41 | €8,077 | €16,196 | +€8,120 | +100.5% |
| Trade receivables | 40 | €1,660 | €4,249 | +€2,590 | +156.0% |
| Other amounts receivable | 41 | €6,417 | €11,947 | +€5,530 | +86.2% |
| Cash at bank and in hand | 54/58 | €2,606 | €1,057 | -€1,549 | -59.4% |
| Deferred charges and accrued income | 490/1 | €5,654 | €3,324 | -€2,330 | -41.2% |
| Total equity and liabilities | 10/49 | €100,000 | €128,736 | +€28,737 | +28.7% |
| Equity | 10/15 | €17,339 | €8,483 | -€8,856 | -51.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,661 | -€26,517 | -€8,856 | -50.1% |
| Amounts payable | 17/49 | €82,661 | €120,253 | +€37,592 | +45.5% |
| Amounts payable after more than one year | 17 | €10,201 | €23,118 | +€12,918 | +126.6% |
| Financial debts | 170/4 | €10,201 | €23,118 | +€12,918 | +126.6% |
| Amounts payable within one year | 42/48 | €72,460 | €97,135 | +€24,675 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €5,005 | €10,347 | +€5,341 | +106.7% |
| Financial debts | 43 | €31,790 | €38,322 | +€6,532 | +20.5% |
| Credit institutions | 430/8 | €27,097 | €33,664 | +€6,567 | +24.2% |
| Other loans | 439 | €4,693 | €4,658 | -€35 | -0.7% |
| Trade debts | 44 | €2,000 | €10,526 | +€8,526 | +426.3% |
| Suppliers | 440/4 | €2,000 | €10,526 | +€8,526 | +426.3% |
| Advances received on contracts in progress | 46 | - | €1,613 | +€1,613 | |
| Taxes, remuneration and social security | 45 | €4,628 | €6,834 | +€2,206 | +47.7% |
| Taxes | 450/3 | €3,804 | €5,779 | +€1,975 | +51.9% |
| Remuneration and social security | 454/9 | €825 | €1,055 | +€231 | +28.0% |
| Other amounts payable | 47/48 | €29,036 | €29,492 | +€456 | +1.6% |
| Non-recurring operating income | 76A | €0 | €148 | +€148 | |
| Remuneration, social security and pensions | 62 | €6,102 | €7,745 | +€1,643 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,131 | €4,974 | +€843 | +20.4% |
| Other operating charges | 640/8 | €2,296 | €2,515 | +€219 | +9.6% |
| Non-recurring operating charges | 66A | - | €105 | +€105 | |
| Gross operating margin | 9900 | -€13,548 | €14,188 | +€27,735 | |
| Operating profit (loss) | 9901 | -€26,076 | -€1,152 | +€24,924 | +95.6% |
| Financial income | 75/76B | €51 | €9 | -€42 | -82.8% |
| Recurring financial income | 75 | €51 | €9 | -€42 | -82.8% |
| Financial charges | 65/66B | €6,609 | €7,584 | +€975 | +14.8% |
| Recurring financial charges | 65 | €6,609 | €7,584 | +€975 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,634 | -€8,728 | +€23,906 | +73.3% |
| Income taxes | 67/77 | €123 | €128 | +€5 | +3.9% |
| Profit (loss) for the period | 9904 | -€32,757 | -€8,856 | +€23,902 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,757 | -€8,856 | +€23,902 | +73.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.