First Automotive: 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.
First Automotive
Largest movements
- Stocks and contracts +€75,690
up €75,690 (+34.1%), from €221,874 to €297,564
- Cash -€18,028
down €18,028 (-15.8%), from €114,174 to €96,145
mainly Stocks and contracts (-€75,690) and Tax, wage and social debts (-€4,658)
- Receivables within one year -€6,230
down €6,230 (-32.5%), from €19,153 to €12,923
of which Trade receivables: -€10,835
- Reserves +€32,000
up €32,000 (+14.1%), from €227,000 to €259,000
- Trade debts +€13,635
up €13,635 (+45.7%), from €29,826 to €43,461
- Advances received +€8,516
new in 2025: €8,516
- Tax, wage and social debts -€4,658
down €4,658 (-10.1%), from €46,234 to €41,576
- Other debts +€4,471
up €4,471 (+9.4%), from €47,395 to €51,866
- Gross operating margin -€73,933
down €73,933 (-60.2%), from €122,794 to €48,860
- Taxes -€15,696
down €15,696 (-59.8%), from €26,228 to €10,532
- Other operating charges +€1,449
up €1,449 (+88.3%), from €1,641 to €3,090
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 | €360,246 | €413,076 | +€52,831 | +14.7% |
| Fixed assets | 21/28 | €5,045 | €6,444 | +€1,399 | +27.7% |
| Tangible fixed assets | 22/27 | €2,760 | €2,659 | -€101 | -3.7% |
| Plant, machinery and equipment | 23 | €1,252 | €776 | -€476 | -38.0% |
| Furniture and vehicles | 24 | €1,508 | €1,883 | +€375 | +24.9% |
| Financial fixed assets | 28 | €2,285 | €3,785 | +€1,500 | +65.6% |
| Current assets | 29/58 | €355,201 | €406,632 | +€51,431 | +14.5% |
| Stocks and contracts in progress | 3 | €221,874 | €297,564 | +€75,690 | +34.1% |
| Stocks | 30/36 | €221,874 | €297,564 | +€75,690 | +34.1% |
| Amounts receivable within one year | 40/41 | €19,153 | €12,923 | -€6,230 | -32.5% |
| Trade receivables | 40 | €19,151 | €8,316 | -€10,835 | -56.6% |
| Other amounts receivable | 41 | €2 | €4,607 | +€4,605 | +230,258% |
| Cash at bank and in hand | 54/58 | €114,174 | €96,145 | -€18,028 | -15.8% |
| Total equity and liabilities | 10/49 | €360,246 | €413,076 | +€52,831 | +14.7% |
| Equity | 10/15 | €233,437 | €264,561 | +€31,124 | +13.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €227,000 | €259,000 | +€32,000 | +14.1% |
| Distributable reserves | 133 | €227,000 | €259,000 | +€32,000 | +14.1% |
| Profit (loss) carried forward | 14 | €1,437 | €561 | -€876 | -61.0% |
| Amounts payable | 17/49 | €126,809 | €148,515 | +€21,707 | +17.1% |
| Amounts payable within one year | 42/48 | €123,455 | €145,419 | +€21,964 | +17.8% |
| Trade debts | 44 | €29,826 | €43,461 | +€13,635 | +45.7% |
| Suppliers | 440/4 | €29,826 | €43,461 | +€13,635 | +45.7% |
| Advances received on contracts in progress | 46 | - | €8,516 | +€8,516 | |
| Taxes, remuneration and social security | 45 | €46,234 | €41,576 | -€4,658 | -10.1% |
| Taxes | 450/3 | €46,234 | €41,576 | -€4,658 | -10.1% |
| Other amounts payable | 47/48 | €47,395 | €51,866 | +€4,471 | +9.4% |
| Accrued charges and deferred income | 492/3 | €3,354 | €3,096 | -€258 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,205 | €1,314 | +€109 | +9.0% |
| Other operating charges | 640/8 | €1,641 | €3,090 | +€1,449 | +88.3% |
| Gross operating margin | 9900 | €122,794 | €48,860 | -€73,933 | -60.2% |
| Operating profit (loss) | 9901 | €119,948 | €44,456 | -€75,491 | -62.9% |
| Financial income | 75/76B | €427 | €491 | +€63 | +14.8% |
| Recurring financial income | 75 | €427 | €491 | +€63 | +14.8% |
| Financial charges | 65/66B | €3,482 | €3,291 | -€191 | -5.5% |
| Recurring financial charges | 65 | €3,482 | €3,291 | -€191 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €116,893 | €41,656 | -€75,237 | -64.4% |
| Income taxes | 67/77 | €26,228 | €10,532 | -€15,696 | -59.8% |
| Profit (loss) for the period | 9904 | €90,665 | €31,124 | -€59,541 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,665 | €31,124 | -€59,541 | -65.7% |
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 30 October 2026 via checked.be.