FIRST CAR: 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.
FIRST CAR
Largest movements
- Receivables within one year +€103,106
up €103,106 (+68.3%), from €150,929 to €254,036
of which Trade receivables: +€56,820
- Stocks and contracts -€6,000
no longer reported in 2025 (was €6,000)
- Cash -€4,898
down €4,898 (-85.6%), from €5,723 to €825
mainly Receivables within one year (-€103,106) and Debts after one year (-€5,015)
- Trade debts +€41,791
up €41,791 (+141.3%), from €29,575 to €71,367
- Other debts +€41,197
up €41,197 (+2008.2%), from €2,051 to €43,248
- Accrued charges and deferred income +€16,150
up €16,150 (+159.3%), from €10,138 to €26,288
- Short-term financial debts +€6,602
new in 2025: €6,602
- Debts after one year -€5,015
down €5,015 (-51.1%), from €9,817 to €4,801
- Taxes +€13,296
new in 2025: €13,296
- Gross operating margin +€12,625
up €12,625 (+519.3%), from €2,431 to €15,056
- Other operating charges +€744
up €744 (+110.6%), from €673 to €1,417
- Depreciation +€407
up €407 (+27.1%), from €1,500 to €1,907
- Staff costs +€323
new in 2025: €323
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.
Cash bridge derived
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 | €172,359 | €267,679 | +€95,320 | +55.3% |
| Fixed assets | 21/28 | €9,000 | €9,915 | +€915 | +10.2% |
| Tangible fixed assets | 22/27 | €9,000 | €9,915 | +€915 | +10.2% |
| Plant, machinery and equipment | 23 | €9,000 | €9,915 | +€915 | +10.2% |
| Current assets | 29/58 | €163,359 | €257,764 | +€94,405 | +57.8% |
| Stocks and contracts in progress | 3 | €6,000 | - | -€6,000 | |
| Stocks | 30/36 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €150,929 | €254,036 | +€103,106 | +68.3% |
| Trade receivables | 40 | €148,056 | €204,876 | +€56,820 | +38.4% |
| Other amounts receivable | 41 | €2,874 | €49,160 | +€46,286 | +1610.8% |
| Cash at bank and in hand | 54/58 | €5,723 | €825 | -€4,898 | -85.6% |
| Deferred charges and accrued income | 490/1 | €707 | €2,903 | +€2,197 | +310.8% |
| Total equity and liabilities | 10/49 | €172,359 | €267,679 | +€95,320 | +55.3% |
| Equity | 10/15 | €109,519 | €105,237 | -€4,282 | -3.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €49,443 | €49,443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €43,246 | €43,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,897 | -€6,179 | -€4,282 | -225.8% |
| Amounts payable | 17/49 | €62,840 | €162,442 | +€99,602 | +158.5% |
| Amounts payable after more than one year | 17 | €9,817 | €4,801 | -€5,015 | -51.1% |
| Financial debts | 170/4 | €9,817 | €4,801 | -€5,015 | -51.1% |
| Amounts payable within one year | 42/48 | €42,885 | €131,353 | +€88,468 | +206.3% |
| Current portion of amounts payable after more than one year | 42 | €5,257 | €5,479 | +€222 | +4.2% |
| Financial debts | 43 | - | €6,602 | +€6,602 | |
| Credit institutions | 430/8 | - | €6,602 | +€6,602 | |
| Trade debts | 44 | €29,575 | €71,367 | +€41,791 | +141.3% |
| Suppliers | 440/4 | €29,575 | €71,367 | +€41,791 | +141.3% |
| Taxes, remuneration and social security | 45 | €6,001 | €4,657 | -€1,344 | -22.4% |
| Taxes | 450/3 | €6,001 | €4,657 | -€1,344 | -22.4% |
| Other amounts payable | 47/48 | €2,051 | €43,248 | +€41,197 | +2008.2% |
| Accrued charges and deferred income | 492/3 | €10,138 | €26,288 | +€16,150 | +159.3% |
| Remuneration, social security and pensions | 62 | - | €323 | +€323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,907 | +€407 | +27.1% |
| Other operating charges | 640/8 | €673 | €1,417 | +€744 | +110.6% |
| Non-recurring operating charges | 66A | €68 | €402 | +€334 | +490.7% |
| Gross operating margin | 9900 | €2,431 | €15,056 | +€12,625 | +519.3% |
| Operating profit (loss) | 9901 | €190 | €11,007 | +€10,817 | +5689.0% |
| Financial income | 75/76B | €3 | €1 | -€2 | -76.5% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -76.5% |
| Financial charges | 65/66B | €2,090 | €1,995 | -€95 | -4.6% |
| Recurring financial charges | 65 | €2,090 | €1,995 | -€95 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,897 | €9,013 | +€10,910 | |
| Income taxes | 67/77 | - | €13,296 | +€13,296 | |
| Profit (loss) for the period | 9904 | -€1,897 | -€4,282 | -€2,386 | -125.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,897 | -€4,282 | -€2,386 | -125.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.