GERMAN CAR: 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.
GERMAN CAR
Largest movements
- Cash +€112,839
up €112,839 (+265%), from €42,509 to €155,348
mainly Debts after one year (+€93,827) and Depreciation (+€44,396)
- Receivables within one year +€7,882
up €7,882 (+77.7%), from €10,144 to €18,026
of which Other amounts receivable: +€4,348
- Tangible fixed assets -€6,416
down €6,416 (-4.7%), from €137,082 to €130,666
of which Furniture and vehicles: -€13,236
- Debts after one year +€93,827
up €93,827 (+474%), from €19,802 to €113,629
of which Other amounts payable: +€100,000
- Trade debts +€14,836
up €14,836 (+158%), from €9,389 to €24,225
- Tax, wage and social debts +€6,811
up €6,811 (+160%), from €4,260 to €11,071
of which Taxes: +€6,754
- Profit (loss) carried forward -€4,921
down €4,921 (-4.5%), from €109,021 to €104,100
- Gross operating margin -€23,933
down €23,933 (-18.1%), from €132,099 to €108,166
- Depreciation +€10,532
up €10,532 (+31.1%), from €33,864 to €44,396
- Taxes -€9,104
no longer reported in 2025 (was €9,104)
- Financial charges +€7,531
up €7,531 (+392%), from €1,919 to €9,450
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 | €192,991 | €306,131 | +€113,140 | +58.6% |
| Fixed assets | 21/28 | €137,082 | €130,666 | -€6,416 | -4.7% |
| Tangible fixed assets | 22/27 | €137,082 | €130,666 | -€6,416 | -4.7% |
| Land and buildings | 22 | €23,360 | €20,942 | -€2,418 | -10.4% |
| Plant, machinery and equipment | 23 | €39,624 | €48,862 | +€9,238 | +23.3% |
| Furniture and vehicles | 24 | €74,098 | €60,862 | -€13,236 | -17.9% |
| Current assets | 29/58 | €55,909 | €175,465 | +€119,556 | +214% |
| Stocks and contracts in progress | 3 | €2,112 | €2,091 | -€21 | -1.0% |
| Stocks | 30/36 | €2,112 | €2,091 | -€21 | -1.0% |
| Amounts receivable within one year | 40/41 | €10,144 | €18,026 | +€7,882 | +77.7% |
| Trade receivables | 40 | €1,596 | €5,130 | +€3,534 | +221% |
| Other amounts receivable | 41 | €8,548 | €12,896 | +€4,348 | +50.9% |
| Cash at bank and in hand | 54/58 | €42,509 | €155,348 | +€112,839 | +265% |
| Deferred charges and accrued income | 490/1 | €1,144 | - | -€1,144 | |
| Total equity and liabilities | 10/49 | €192,991 | €306,131 | +€113,140 | +58.6% |
| Equity | 10/15 | €130,777 | €125,856 | -€4,921 | -3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,756 | €1,756 | = | 0.0% |
| Distributable reserves | 133 | €1,756 | €1,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,021 | €104,100 | -€4,921 | -4.5% |
| Amounts payable | 17/49 | €62,214 | €180,275 | +€118,061 | +190% |
| Amounts payable after more than one year | 17 | €19,802 | €113,629 | +€93,827 | +474% |
| Financial debts | 170/4 | €19,802 | €13,629 | -€6,173 | -31.2% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €42,412 | €66,646 | +€24,234 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €5,947 | €6,174 | +€227 | +3.8% |
| Trade debts | 44 | €9,389 | €24,225 | +€14,836 | +158% |
| Suppliers | 440/4 | €9,389 | €24,225 | +€14,836 | +158% |
| Taxes, remuneration and social security | 45 | €4,260 | €11,071 | +€6,811 | +160% |
| Taxes | 450/3 | - | €6,754 | +€6,754 | |
| Remuneration and social security | 454/9 | €4,260 | €4,317 | +€57 | +1.3% |
| Other amounts payable | 47/48 | €22,816 | €25,176 | +€2,360 | +10.3% |
| Remuneration, social security and pensions | 62 | €56,953 | €57,603 | +€650 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,864 | €44,396 | +€10,532 | +31.1% |
| Other operating charges | 640/8 | €2,040 | €1,639 | -€401 | -19.7% |
| Gross operating margin | 9900 | €132,099 | €108,166 | -€23,933 | -18.1% |
| Operating profit (loss) | 9901 | €39,242 | €4,528 | -€34,714 | -88.5% |
| Financial income | 75/76B | €100 | €1 | -€99 | -99.0% |
| Recurring financial income | 75 | €100 | €1 | -€99 | -99.0% |
| Financial charges | 65/66B | €1,919 | €9,450 | +€7,531 | +392% |
| Recurring financial charges | 65 | €1,919 | €9,450 | +€7,531 | +392% |
| Profit (loss) for the period before taxes | 9903 | €37,423 | -€4,921 | -€42,344 | |
| Income taxes | 67/77 | €9,104 | - | -€9,104 | |
| Profit (loss) for the period | 9904 | €28,319 | -€4,921 | -€33,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,319 | -€4,921 | -€33,240 |
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 17 October 2026 via checked.be.