GR 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.
GR CAR
Largest movements
- Cash +€151,505
up €151,505 (+28.1%), from €539,400 to €690,905
mainly Net result for the year (+€222,826) and Stocks and contracts (+€43,192)
- Tangible fixed assets +€64,082
up €64,082 (+30.1%), from €213,120 to €277,202
of which Land and buildings: +€65,657
- Stocks and contracts -€43,192
down €43,192 (-20.5%), from €210,274 to €167,082
- Intangible fixed assets +€13,221
new in 2025: €13,221
- Receivables within one year +€13,008
up €13,008 (+108.0%), from €12,042 to €25,050
of which Trade receivables: +€22,532
- Profit (loss) carried forward +€222,826
up €222,826 (+29.2%), from €763,276 to €986,102
- Turnover +€354,314
up €354,314 (+15.8%), from €2.2m to €2.6m
- Purchases and services +€354,300
up €354,300 (+18.2%), from €2.0m to €2.3m
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 | €978,652 | €1,174,078 | +€195,426 | +20.0% |
| Fixed assets | 21/28 | €213,464 | €290,766 | +€77,303 | +36.2% |
| Intangible fixed assets | 21 | - | €13,221 | +€13,221 | |
| Tangible fixed assets | 22/27 | €213,120 | €277,202 | +€64,082 | +30.1% |
| Land and buildings | 22 | €206,762 | €272,419 | +€65,657 | +31.8% |
| Plant, machinery and equipment | 23 | €5,872 | €3,950 | -€1,921 | -32.7% |
| Furniture and vehicles | 24 | €487 | €832 | +€346 | +71.0% |
| Financial fixed assets | 28 | €343 | €343 | = | 0.0% |
| Current assets | 29/58 | €765,189 | €883,312 | +€118,123 | +15.4% |
| Stocks and contracts in progress | 3 | €210,274 | €167,082 | -€43,192 | -20.5% |
| Stocks | 30/36 | €210,274 | €167,082 | -€43,192 | -20.5% |
| Amounts receivable within one year | 40/41 | €12,042 | €25,050 | +€13,008 | +108.0% |
| Trade receivables | 40 | €878 | €23,410 | +€22,532 | +2565.9% |
| Other amounts receivable | 41 | €11,164 | €1,640 | -€9,524 | -85.3% |
| Cash at bank and in hand | 54/58 | €539,400 | €690,905 | +€151,505 | +28.1% |
| Deferred charges and accrued income | 490/1 | €3,472 | €275 | -€3,197 | -92.1% |
| Total equity and liabilities | 10/49 | €978,652 | €1,174,078 | +€195,426 | +20.0% |
| Equity | 10/15 | €773,276 | €996,102 | +€222,826 | +28.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | - | €10,000 | +€10,000 | |
| Issued capital | 100 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €763,276 | €986,102 | +€222,826 | +29.2% |
| Amounts payable | 17/49 | €205,376 | €177,977 | -€27,400 | -13.3% |
| Amounts payable after more than one year | 17 | €161,268 | €151,693 | -€9,575 | -5.9% |
| Financial debts | 170/4 | €161,268 | €151,693 | -€9,575 | -5.9% |
| Amounts payable within one year | 42/48 | €44,108 | €26,283 | -€17,825 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €9,445 | €9,052 | -€392 | -4.2% |
| Trade debts | 44 | €7,240 | - | -€7,240 | |
| Suppliers | 440/4 | €7,240 | - | -€7,240 | |
| Advances received on contracts in progress | 46 | €5,360 | - | -€5,360 | |
| Taxes, remuneration and social security | 45 | €14,562 | €13,742 | -€820 | -5.6% |
| Taxes | 450/3 | €14,562 | €13,742 | -€820 | -5.6% |
| Other amounts payable | 47/48 | €7,501 | €3,489 | -€4,012 | -53.5% |
| Turnover | 70 | €2,238,486 | €2,592,800 | +€354,314 | +15.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,951,831 | €2,306,131 | +€354,300 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,885 | €22,755 | +€5,870 | +34.8% |
| Other operating charges | 640/8 | €5,733 | €6,459 | +€727 | +12.7% |
| Gross operating margin | 9900 | €318,933 | €317,899 | -€1,034 | -0.3% |
| Operating profit (loss) | 9901 | €296,316 | €288,685 | -€7,630 | -2.6% |
| Financial income | 75/76B | €582 | €5,017 | +€4,435 | +762.2% |
| Recurring financial income | 75 | €582 | €5,017 | +€4,435 | +762.2% |
| Financial charges | 65/66B | €2,631 | €2,482 | -€149 | -5.6% |
| Recurring financial charges | 65 | €2,631 | €2,482 | -€149 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €294,266 | €291,220 | -€3,047 | -1.0% |
| Income taxes | 67/77 | €68,847 | €68,394 | -€453 | -0.7% |
| Profit (loss) for the period | 9904 | €225,419 | €222,826 | -€2,594 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €225,419 | €222,826 | -€2,594 | -1.2% |
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 2 October 2026 via checked.be.